The independent press. (Abbeville C.H., S.C.) 1853-1860, 1855-03-30
from the Journal of Commercel

Long Credits, Short Credits, and Cash.
Messrs. Editors Il observe with pleas.
ure "Common-Sense" movement with YOU
in relation to an improved system of future
credits.
Money, credits, and business must agree
better than ten to forty per cent. or some
OF US necessarily" come (go) to (soup)
stand. 1t is useless to disguise tie truth
Our general system of "iong credits" has
driven business upon sand bar, that must
] shipwreck" large "profits."
| We have two classes, the industrious and
the idle. All must eat, while every avenue,
but the road to positive production, is full
to overhowiDg.
Humbug is the order of the day. It has
become commodity, foundation to write
and to lecture upon. 1t is undermining our
industry the punctualty and integrity Of
our business and people.
DefauIting is winked at, while failures at
SO per cent. are honorable, and many a
circumstance" is thus bettered, (if not the
circumstanccs,) the parties soon 'going" on
without bush.
Long credits "alyays" embrace heavy
risks, enIisting corresponding customers and
profits. This general conclusion is "oppres-
sio,' or "insol0ency."
Brief credits reduce customers, the risks
and the profits "ncar' actualities
! The cash system, or no credits, places the
Country trade" OH firm foundation. Then
every family pays its way. 1t creates val
ue received transaction. Jobbers are NOR
ally safe, so long as their customers sell for
cash; while the system guarantee" '.punc-
tuality" along the line. Productive agri-
culture requires reduction of country cred
its down along to an exclusive cash system.
Credits and commerce 90 hand in hand.
The trade require and are entitled TO cred
its, but all should be "bankaLIe." or at least
payable at bank, and where such are inap-
plicable, transactions should be strictly for
cash. Then the resources for "punctuality'
would be reliable.
In rural districts, 'long credits" tend d.
rcctly to "Iesscn production for so long
as ''crcdits' will provide for the wants of a
family, men idle away their time; but "pay
your way" avoids a'nortgage, improves the
farm, and adds to fortune. r, ~: n
Solong rs railroad bonds and millionaire
speculator'sJw wants are in the emarket at from
one to four, per cent. month, risks ..to de-
press business" will be taken, and operations
must run down until we recover BY epro.
duction,' under an improved system oi
Fcredit. y
Country merchants ,"business" must pay
their paper promptly. When we reach this,
and men "live by their business" the country
will be "soundty" prosperous. Short of it,
there must be more or less lumbug. /.
We are going along to. stability, and
shall reach "platform" by-and-bye; mot
the Buffalo" but one from which "ace can
all start Jair," but it is n hard road to trav-
el. The country" has yet to bear the
weight Of this disastrous revulsion.
mo Credit" is great economizer. 1t
lessons wants, adds to industry, cultivates
simple habits, and improves the household
It.ploughs deep and hoes WELL"
That this movement may meet general
favor" uniting hearty cooperation from
tho country, is the earnest desire of "twen-
sltty-fye years experience" by IA Country
lmercLapt" yet in the trade..s G.. G. 81. :,
i 80 30