Richmond enquirer. [volume] (Richmond, Va.) 1815-1867, 1858-10-15
CREDIT,

Every country merchant who is entitled to il, fuds
difficulty in getting all the credit in this city that
he really needs, and much more than he will find 1t
profitable TO use or convenient to meet six months
hence. Wear grathed to learn that ths payments
Of country merchants to our wholesale merchants
have been more than usually prompt and full.
Our psopls were never in better pecuni,ry con-
| ditiou than at the present. The panic which CON-
msnced II months ago, caused every body, bank.
merchants and consumers, to curtail and eoononise,
which, with the large crops Of corn. wheat and to-
Lscro brought into market during the past year a
high prices. eusbled our farmers to place themselves
generally entirely out Of debt 30 far at least their
store and mechanic accounts are concerned. The
country merchants having paid, ssid with more
promptness and fullnsss than usual, our wholesale
merchants have been more urgent in pressing larger
stocks than usual upon their custoners-an urgency
that they have been less careful to resist because Of
the flush times" among their own customers. with
full stocks upon their shelves the retsilers Wi! be
tempted TO sell with great freedom of credit. We
trust they will resist. There has not been for many
years, more opportune time than the present 10
adopt the cash System, which is the only safe As well
as the only Legitimate one, as between tha consumer
and the producer or merchant.
The large body of our population are engaged in
agricultural pursuits, aud every article, from the gar
den to the field, commands ready cash market, ~
almost every section Of our State. Aa, then, they
get cssh for their products, and are now generally
out of debt, why should they consent 10 receive
credit If they will persstenty refuse ;hey will IN
augurate eystem greatly beneficial to themseive',
especially, and the community at large in dispensing
with all the costly appliances necessary to the legal
coection OF dsbts, in the ability OF merchants
and mechanics to sell their wares at less prices, in
compelling the idle, who manage to live BY their w',
under the universal credit system, to work, and in
dispensing with the use Of Banks-the greatest evil
with which any agricultural community can bs az
Hicted All the losses and expenses Of the neishbo.
hood are borne by the farmer-for the merchant
mechanic and physician entitled 10 at least lib
eral support, and the profts and fees must be 80
raised as to secure this above all probable osses.-
And so. also, of county and State tsxes-i would be
easy 10 show, that while all clsssess ars taxed.
the soil PAYS the taxes The advantages OF the cash
system to the consumer are so apparent !ha II ID Dot
necessary we should even attempt an enumeration.
The retailer, commencing as be ought. with fair
pEOpOrUOu ol CoPoSiiioS III
good habits in bis business, entitled to credit from
the Wholesale merchant and credit between these,
At reasonable length, is legitimate Selling bis goods
At small profit for cssh, he is enabled to pay hl-
| own liabilities promptly, and return with fresh cup
ply, bought cheaper in consequence OF HI prompt
ness. The refussl Of his custolners to receive
credit, is a check to any disposition TO o7.5sadu srt
| force upon the neighborhood more gooc5 '''ah 1t
:eeds.
There is no town or neigbborhood in which 'orse
one has not, in time past located with "arge s:c"s
of we'll selected goods, trusted them out, TO he ow y
ruin, and sometimes to that Of hs friends, and TO ia
great inconvenience of the neghborhood by the ur'
expected notice Of "trustee" to "pay up" at most
| nconvenent time.
| We counsel trial. No harm can result but
great good will enure TO the seller and buyer.