New-York daily tribune. [volume] (New-York [N.Y.]) 1842-1866, 1857-03-19


ard vii &C ndense them as much as possible
We have no desire to create pressure OF
panic. bat rather TO prevent one. Ard ms We
consider the way TO do IL
I. Let the farmer or other man OF moders'e
means, VITO medi.ates building ne~ house tnis
Summer, consider carefully bis means as well IS his
need,. and be sure be Ia, the wherewitaa to finish
before be is tempted TO begin. If be owes nothing
which be is liable TO be required to pay, and has
means IN hand sufficient TO surely carry hun through
let him 90 ahead with energy and confidence. If
not, let him fix up the old shelter and make II do
for another year. Don't let the new house eat up
the Old fam.
III. Let the country merchant sbout to buy
fresh sock look carefully through his old one, and
see whether be cannot cut down his orders consid-
ersbly without imPsirirg his assortment. II he
bought $40 600 worth asst Spring, let him see II ju'
dicous and careful purchases OF So 900 worth would
not repienish his stock adequately this Spring. Let
him VITO sells 900 worth and him who sells
So 900 worth per annum make similar retrenchments
in their Spring purchases. Add let all be sure that
their customers viii not only buy and consume but
pay for their entire stock before the season for re-
plenishir sgsin.
I'LL. Let each consumer in moderate clrcum-
stances ask himself" Have paid for the goods l
have already bought and used If not, let me stop
short and buy henceforth no faster than can pay.
The old score must be wiped of as can afford it,
but not dollars worth shall hereafter be charged
70 nv running accou unit" II this constrains the
wife and daughters to wear their old dresses and
the SOUS to wear their old dress boots aud hats till
the busy season shall have ended, they will manage
somehow to survive the trial.
". Let the farmer who lives under mortgage
or chronic debt ask himself if he could not sell
something that would pay off at least part of that
dtbt. Suppose he ha. hundred acres of land and
owes 81 600, might he not sell of quarS of bis
land pay off his mortgage, and have as Ia land
left as he has stock for with means to till to the best
advantage But very many are worrying along
rder load Of debt who have much more than one
hundred acres of arable land To such We say, sell
off if possible enough to pay your debt and provide
you with adequate stock and implements for the
residue unless you are sure your crops will pay OIL
your mortage when due, and do Mt rely on the
chance of yourland rising rapidly in value. II may
do so in time, it probably will but the sheriff may
sell you cut ere that time shall have arrived.
V. If you are pressed to take stock in new
railroad or other improvement calculsted to benefit
your locality, do not shrink behind your neghbors
and try to reap personal benefit at their expense,
but consider what you can do, in justice to your
family and creditors. and say: "If can sell
- n for oh W NV h
"scription, and have a farm left worth more after
"your road shall be built than the whole now s, l
twill 20 in; but if not, you must wait TIL next year
at all events, must. | value railroads, but
'cannot permit them to plunge me deeper into
"debt. Henceforth pay as CO.
vi. This is coed time to stop drinking Lquors,
using Tobacco, and other poxious habits like these.
There is coed deal that might be said on this head
but we will beg our readers to suppose it. We are
prodgal people, and are always letting our eI-
peDses run ahead Of our incomes. Let us resolve
now TO see The end Of this though this should bring
us down for season to old clothes and coarse fare
We are heavily in debt to Europe. Our city
merchants ard bankers owe those OF Great Britain;
the country owes the cities; the farmers We the
mercbapis-n short, two-thirds of us are 10 debt
To lowe no man any thing is not the rule, but the
exception. The bare interest on our Foreign Debt
is heavy item in our annual outgoes. The Tariff
Reduction, which takes effect IN July, will inund,te
US with more goods, even though we do not order
them. We may not be able to pay of much this
year, but let US resolve to go in debt no further
Let US stem the current this year, that we may be
able 10 roll il back thereafter. And, IS our For
eign Debt is mainly made up of the debts of COM
psnies and individuals, let US sternly resolve that we
will, Individually and corporately go in debt no fur
ther. 1t is high time that We recognized and en-
forced the sound old maxim of Pay as you go.