The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1856-04-27
Obituary.
ss. r. L. STEVENS, OF HoBeKEN.

snd noble charities that these were NO more purple
dren who thropged the streets to the Of one
whose beneAcent aid they had oen experienced their
hour OF bitter need will abundanty testify It was a
touching expression of humble gratitude which those
| who attended his funeral will not forget Mr..
Stevens just and true in all his dealings with his
l0wmen bland In his snners, without any bauteur
generally attendant great wealth kind ae,tionats
the modesty Of true genius. clearing his faculties
ms.hl,n that only By those who were insins sy .e.'
The inheritance Of his vast possessions win prove but
slight consolson to the brothers Who loved him, the
a'ivs who long will weep for the loss Of such spirit
rude upon the sacred sorrovs Of the home hearth.
much for tie rapid development the res,u-oss Of
his country that doubt not his memory viii long Se
ept green among associated with the of the
| ruiy great men whom We thouId delight to honor.
DRY Goods Sobssng and Jobbers-Ensess or
| the Credit system.
TO THE EDITOR OF THE HERALD.
NEW York, March 80, 1856.
! 30 much has bsen written Of la:e concerning dry
goods jobbng and obbers eagerly have the read
ing public seized upon every line connected Herewith,
that brief review will doubtless find space In your
| journal.
An article appeared In Of the city papers lev
weeks since, purportiDg to give insight to the work
ings OF the dry goods trade and although written with
strong prejudice and containing much that detri
cd before Of tho day Of ISSUE by clerks salesen
and merchants and by them sent all sections Of the
country There can be no necessity for eno0urazin
country merchants to practice upon the crsduy good
nature fears of New York jobbsrs Experience has
taught the danger OF excuse for the country
retailer to repudste his debts and any joober Of five
years. standing will tell you that he tIembles, and
hastens to his ledger when he hears Of produce buyer
bank failure in section where has given extensive
credits
Many that solvent have jumped ct the oppor-
tunIty such an oceasion offered, and hAstily made
up statement Of assets and liabilities, and With an
elongated vsage made their appearance 1t the desks
of their dupes, and asked in paintive tone, be
released from thsi obligations upon payment OF 50 Per
cent Of their indebtedness In too many instances the
creditor consents and generally takes endorsed paper
extending from six TO eighteen months. Instances
not wanting where country merchants have proposed to
their New York creditors to give their paper for
half their liabilities and be released, and successfully tos
Many times .aper given In compromising will DO discount
gay. IL: Of the
forming him that he shan't Do the same BY the rest It
Is an immutabe truth that there Is result without
cause would it not be wise for merchants to
the cause, as near Is may de ofn results and seek
an antidoteS Does It show gensrOs Justice towards
uenty wink At the delinq Of their nsghbolsa
his sale bcoks regularly twice year, appears the
name Of B, country retailer; twice ! year NJ Be
on his cash . And twice his
or more successive years. At this time Mr. applies
for credit; he !. about to open : store in the
ald which he bases his claims for, edit CAPT.
tai Of g. O00 which he represents he is WORTH The job
and he ssy. 60. don't see Why he shouldn't
him al he that he considers fair risk Mr.. makes
his appearance in New York much ofsner than old B.
more attention and is shown none but the most dssr
Tie goods Eighteen months have passed; old has
made his semi annual VISIT aud his name regu
larry upon the cash book and ledger but esh time
duced in amount The jobber Ahrugs his shoulders says
old set,rs to BE- an old fosy guess has taken the
let pay visit this country t,xn and zee how things
in the morning walk to Cs store Is We enter ws
couple Of small boys with their hair well creased
ing &C.; as you walk back you discover two or three
more young gentlemen, with more oily locks and more
are parine Of the Contents Of three bottles Of Congress
water They are too much to discover you snd
you listen anvittingly to the following ocnvsrsaaon:
How LIKE feel this mornirgl" ~ DON'T wonder, you
were SO id tight you couldn't hole IN ladder
Hev much champagne did NO drink last nightp "God
pants didn't YOUR eyes, and burst patent leather
dingue Of the trio steps forward and ne his
bloodshot eyes upon you. you involuntary think-we
n
yeti he will be nlets docking 81 and exhibiting his
gold watch in about an hour and halt. Can We do
anything yoxi" We thank him. say we call again and
proceed to call B. As enter his door, be steps
ward himien greets as cordially and gra.ed at
customer has entered the sore and take survey Of
his store The or the goods neatly busted the
sness An honest looking plainly dressed CLERK comes In
and nays TO his counterpart, "You 60 10 break
B is disengsged. We inquire "how his trade has
beeni" "Eot SO good of LATE Ny reighbor, Mr.. c.
sells his goods cheap that he has taken many Of my
best customers from Ny past experience has taught
me that must make reasonabe profits my goods
the expenses attending business asaer with
have, therefore, and think prudensly iighened my
purchases, and sometimes begin to think shall have
| In this review; but mark The sequel In six months
mere Mr.. G. presents himself at counting room and
quests you to sign It is bond releasing hm from hs
indebtedness upon ecndi ion o. his paying thirty cents
On the dollar. We eek what he has done With hs effects
TO his payments that he offers al he pay and
unless It settled soon he shall 30 compelled 70 assign,
sixty days he e tn. market buying ssh stock, and
merchants sell him freely suppOsDg 10 has made money
by his compromise Does It's not remind one Of the
fable Of the hare and the tortcisef This weak rep
the ssne Of trade too truly one Of the lew
causes that render the dry goods jobsing business
SC prec.Iious The same evil exists to gea'sr or less
extent among ne Joooers OF new IorK mouse springs
up with an actual cash capital Sufficient to do safely
business Of four Ave hundred thouand dollars per
num-. Their ambition induces them 70 strive to do mill
hon. They therefore place Themselves under
expenses take almost any risk and in win sell
to any that will psy part cash. Their liabilities
rapidly Increasing, while their available assets are ~
! rapidly decreasing. BY twisting and farming, paying
heavy slaves selling goods st COST less, TO reazes
they enabled to keep a6oat sometimes for years,
when their affairs were suddenly brought to close
they would be hopelessy insovent Does this not
up wite field for thought II by selling good and safe
small amounts At reasonable profits the joobar ID
enabled to realize in time competency, is It not
better than TO hazard everything upon years bust
and sell TO all promiscuousy regardless of their
character cesents trust the smartness
themselves their saesmen to collect when
crash comeaY Why do not merchants aef each other
they cannot by unity of action seek out remedy
| for the crying evil Of g cheap credits.
hold that a merchant coming here to compound his
debts should bring from OF fnown integrity ia his