New-York daily tribune., 1857-10-21

t.ys been entiIeiy overlooked; Ild, v1is there Il
row zone effort beir made 10 o,ueet woud j. no. Be
q. well to cok rto the evils tha; s a. in al o'snoaes
Of the ade TIE lepgth Of time giseo in the d'p '-i'
ton OF merchabdiss 10 . ed offeuse and 70 soms
extent We are now respifg 8 saia.sry less's; but,
coupled Nts tbi. IL system that has had vide sod
desoe;iDg effect, and, u my Judgment, vat reason
for ihe many, very nsny, csees of Insolvency sad
commeIcis mbau assmenf The system referred 70 is
that Of drssipg the noes Of the b1yer to his owa
order."
II the seller Of merch .ndse was comp peled to stand
by every debt he mskes by his name being f.stsnea
TO the Iote obligation il would have the eneet OF
causing him to be looking aer bis customer, and see
ing that be has lot oyersaded himself
An importer Of merchandise lands IN Nes-Imh,
vii invoice Of goods to The extent OF two nunlte1
Thousand dollars, on email capital OF say not owe,
ten thousand dolsrs He cells these to parties, ana
has the notes drawn TO the parties Own oroel oo-
tairs these pOtfs; puts them on ell sreet; ootitS
the money, II you pl4ase at II per ceot per noutn
strds out by steamer for fresh invoice OF TWO nun
dred houssId sld in few weeks hs. fresh arrival,
and drives the game over and over sgin-tnns, unu
we find tbe market overs,ocked ard the importer ha'
oore vast business the su,n capital OF ten tnou-
eaId dollars. IL thus operation he takes no fsK' ohy
In the price aid style OF his goods
This system has DOW been prac.ieed nom seven 70
ten years ar bes only been known vithin that une
and Il has been found 10 convenient by the importer
so conveneb bt to get out from under the n.ks OF he
trade and the jobbers have been compelled 70 COZ,
form to this arbitrary that now stan as one OF
the evils Of merchandising. The deporao'e res uns
are felt to an extent truly rghtul. This system mas
encouraged excessive importstions; II has depressed
prices: il has overlooked the merchant 1t aor1s an
opportunity 10 affect and depress credit has imposed
an VI equal and unjust risk the jobber, whiie IN
importer "stancs from under and throws the dept on
ore who did not create H. it affords an opportunity
ard fstte1s men into credit, when they really, In JUS
tice 10 themselves, are not entitled to it.
II the iobber could find plsce to put hs custom
ers paper, payable 70 his own order then it might
be considered there would be equity in the systen
but in q business point of view the importer should
stand by every debt he mskes; aud, il be is good
reliant, he will look to the parties to whom he ln'
trusts his goods II ne finds he has overloaded his
customer be will the propnety OF close cor sul-
ton in order TO reduce the Indebtedness and H. In
turn bis customer is prudent and good merchant he
will take this rebuke kindly and properly and in his
turn will look TO has ledger and zee how to gather up
early means to reduce bis liabilities to him who has
thus admonisbed him as to his heavy indebtedness;
ar thus the effect viii have twofOld good. Tne
importer will the proprety Of not selling 70 many
goods ard making such heavy obligations until he L.
relieved Of those that he has already Incurred Let
every mar stand by the debt he makes, and In th,
first place he will not make so many he Will look
after them more assduousy he will advise with those
to whom he has intrusted his property and rect as
sursd, ii will some time induce wholesome care that
visitation like the one deploriog will be
in our midst PESs.
Phaddelplia, Oct 1e, 1887.