Semi-weekly standard. [volume] (Raleigh, N.C.) 1853-18??, 1856-02-20
THE NEWSPAPER CASH SYSTEM

We have received number of letters recently
containing remittances for the Standard. Every one
who refers at all to our cash plan, approves it. We
would respectfully remind those who are in arrears
and those who wish to pay in advance, that the first
| of May-the time fixed for the commencement of
our cash SYSTEMS not very far distant. We
shall adhere rigdly to the rule we have laid down.
friend writing us from Rutherford County,
says:
=" am we'll pleased with your paper, and herein
enclose you 50 for it. 1t is not enough to say that
your paper defends the interests of the South only
it defends and maintains the constitution, and is
therefore the advocate of the interests of the whole
country, North and South, against the vile isms of
the day. You speak of establishing the cash sys-
tenn. think it much the best for subscribers aud
| publishers. The Know Nothings about
here have been quite mute since they fired their big
guns at Clingman. think they spent all their am
munition them and that the thing is about dead in
Rutherford President Pierce's message is highly
praised here by all patriots. May he still continue
to guide the ship Of State"
A friend, writing from Sampson, says:
Herewith you will find 81 for my subscription
have taken the Standard since the year 1884, and
with few exceptions have paid invariably in advance
Your cash rule is good one, and one that every
Editor ought to adopt If adopted generally, itwould
be great saving every way, and especially to the
Editors. whose losses are incalcuiable."
Another friend-a soldier of the war of 1872
writes US as follows from Caswell:
II enclose to you 81, which please apply to my
credit. l do not know exactly what owe, but you
strike the balance, wish to continue to take
your paper. l am pleased with it and 1 am able
to pay you at any time but choose to pay in adj
vance. l am Democrat, and was soldier in the
war of 1912. am an old man; so you will in flu
ture write my name with red ink my paper one
month before the time is out and it will enable me
to comply with the cash system, and thus continue
your subscriber and friend, while you continue true
to Democratic principles"
Another friend writes us as follows from Beaufort
County. The writer is of intelligence and
much experience in the practical affairs of life; and
his reflections the evils Of the credit SYSTEM and
the importance of cash dealings SO just and
sensible that lay them in full before readers
Editors n C. Standard:
GENTLEMEN: notice that you have adopted the
cash system, and other papers in the State will, l
understand, follow your example. This is as it
should be, and now that the newspapers of our
State have begun the reform, hope it will become
general among the people.
Thirty years experience in the mercantile bust
ness (from which retired few years ago. gave
me much knowledge of human nature, and some
insight into the effects of the credit system and it
is my settled conviction that the crediting business
is the of more destitution and misery to the
people of North Carolina than all other causes COM
biGed ntelnperance included.
But it is said that little credit is great blessing
to the poor and to deprive them of it would cluse
much suffering 1t IS not tile use but the abuse of
the system that causes the greatest injury. ltwouid
| surprise many persons who are in the habit Of buy
ing on credit if they would make the effort to
r,of1 fhplr
expenses to enable them to "pay as they 60" The
poor is the class that suffers most by buying on
credit, because premium is charged on all risks in
proportion to the extent of the risk, and any man
who will try cash credit in the market will find
as general rule, that he can buy with the one 90
per cent cheaper than with the other. Many heads
of families, too, are induced to purchase fancy and
unnecessary articles on credit which they could and
would do without fthey we're to conine themselves
to the cash system. Thus, by dispensing with use
less things and saving 90 per cent. in the price of
the necessary purchases, they would in short time
be enabled to square up their debts to pay as they
CO. to educate their children, and to become free
men. Surely every man can make some sacrifice of
habit to accomplish such desirable objects.
The head of every family has his merchant from
whom the supplies for the family obtained; and
| it is in the power of the merchants to accomplish
| much in the way of economy and reform among
| our people.
The merchants as we'll as others, are sometimes
greatly injured by the credit system. nave I'm Town
merchants of kindly feelings and generous impulses
ruined in their business prospects by extensive sales
upon credit, while the recipients of their favors
were also injured and in some cases ruined 10y their
| improvident transactions.
never refused man credit because he was poor,
provided he was honest and industrious; but have
refused them fancy and costly articles, telling them
plainly that would not assist them to be eXtrava-
| CANT and if they wished TO indulge in that way
| they must do it with their means. l never
| lost customer by this up and down way of deal
ing, nor my money, for it enabled them to pay me
for such articles as their families needed, and some
have thanked me afterwards for giving them so good
! lesson upon economy.
never refused man; even though vagabond,
credit for necessary articles for sick wife or chd
though always told such that it was their
families and not themselves whom wished to oblige
and these scamps have always paid me every dollar
of debts of this Glass; while they would not pay me
| one cent on debts contracted for their own use.
| Upon the whole, Mcssrs. Editors my contact with
| the world for thirty years has brought me to the
conclusion that man is not naturally corrupt-asso-
| citation makes him So The vagabond will assist
| those dependant upon him, while he will not help
himself. The indiscrcet, extravagant man, who, If
left to his own management Of AFFAIRS would bring
| his family to want and distress, will thank you for
an act of tyranny so soon he sees that your mo-
| tives good.
But hope some ADLER pen will take up this sub
| ject The field is wide, and much good would re-
| suit from its discussion:
READY PAY.
Bath, N. C. Feb. 6.