New-York daily tribune. [volume] (New-York [N.Y.]) 1842-1866, 1858-01-27
r., -, tb,nkles. task to attempt to teach an sb-

LISA thaukless task to attempt to teach an an
stract truth. or establish by argument and lustra
ton general principle. Here have we pea ior
years laborng to make plain the distinction De-
tween True and False Credit-that use OF Credit
which is necessary, safe, wholesome, tenehcent,
and that which is needless, hazardous perncious
when subscriber, who must have read and con-
sidered at least part of what we have offered on
this head writes us an earnest, lucid and quite
convincing letter (if there is any one that needs
conyincing), designed TO show that Credit, rightly
used. ia a good thing How eda he have dreamed
that we ever doubted it Can it be necessary that
we say, for the FIVE hundredth time, that we Do
ieye in Credit, give Credit, ask Credit, must nave
Credit. while we see aud proclaim that Credit
sbout the worst perverted and abused OF the fruits
Of civilization? Do we not uphold and commend
Paper Money. while we insist that bogus, SWIM
ding Banks arc great scourges, whose authors
ought to be severely dealt with Ought we to ex-
cuse Wildcat and Shinpaster issues, because we
believe in Paper Money Ought we not rather to
oppose and expose the former more sternly, SINCE
in addition to their intrinsic rascality, they are
plainly calculated to discredt and prejudice legifI-
mate Banking What more need be said on this
point
Our correspondent urges that We receive sub
scriptions in advance, which is one form Of Credit
Certainly we do; but il il were practicable aud con-
yenent for all our readers to pay US, as part do,
each week a. they receive the paper, we should
much prefer that mode II would save Va heavy
outlay for clerk hire and book keeping. The beau
tfnl simplicity of 80 much for so much-the money
laid down on the one hand, and the goods handed
over on the other-s what the British Journals ex-
act and we should decidedly choose. But it Is not
convenient for him who lives some hundreds or
thousands of miles away to pay US in this way, as it
is convenient for others to do 30 we are very glad
to take our pay in that mode which is convenient
to our patrons. How does chat initiate against
aught we have said against Credit
All that our correspondent says in favor OF Trade
being mere exchange Of products--hs Grain, for
| instance, for our Newspapers quite true. Va
have tried to say the same ut least dozen times,
though we may not have said it 30 well as he has
done. What he urges in favor of Paper Money a.
| the cheapest and readiest medium for exchanging
our mutual products, We have also tried repeatedly
to make plain; though, if he insists on it, We will
allow him 30 have first discovered it. But when all
this is conceded, does it prove the wisdom Of selling
his Grain or Cattle for the six months note Of some
merchant or specaator' and if not, why should
the manufacturer or jobbing merchant sell his
goods fer such notes
Here is the vital question. Why not meet it
On one side of Us is Ohio an Agricultural, on the
other is Rhode Island, Manufacturing State. For
some years past, Agricuture-no matter now for
the cause--has been more prosperous than Manu-
features, and Ohio is this hour in far better con.
ditioD, pecuniarily, than Rhode Island Yet the
Farmers Of Ohio, when they sell their Wheat or
Corn or Pork Cheese or Cattle 10 feed the manu.
facturers of Rhode Island, expect aud exact pay
down therefor-or, at all events, should do.
Why, then, should poor Rhode Island sell her Fab
rcs several months credit to clothe the relative
y thrifty farmers Of Ohio, who sell their products
for cash! If any one can say why do lot us hear
it; if not, We must consider this question settled
But hear our correspondent, whose letter will b.
found in another column.
|
The Express thus comments on our structures Oh