New-York daily tribune. [volume] (New-York [N.Y.]) 1842-1866, 1858-02-10
reform ~ TRADE.


, s,.nc;al revolution of 1851 contains gres, many
pla,n truths. You ask: Shall experience teach a''
a. bs all IN. commercial reyerses and disss;srs Of
Sc IS57 have been suffered absolutely in vain = Also,
d. On what priuciple then urgently ask, n he
81 American trade Of 1853 10 be conducted by vhx
rules Is II to be governed p In the proper answer
70 these questions may be found the solution Of TIE
whole problem. Some new rules and principles would
seem 10 be necessary. What, however, il the fssl
The importers and commission merchants are new
commencing to do inst as they always have done--s
their goods TO jobbers whom they believe to he sale,
with good resolution that they viii be more c1ef'l
IN the future whom they trust. And the jobber
olso doing the same thing. Some Of Them L is tue
are shortening the time ite, accompanied by TIA,
same coed resolution.
Hsftbe country merchants may fail, and yet thsis
rlaces will soon lie supplied by ambitious, MECHANICS,
iarmer- farmers sons or clerks who have friends 70
helm them 10 some means To make start, Iseso
will be- duly reported by the mercantile agencies ani
everything will soon be moving on in the old ehnnpfl
seain-e,ery country merchant paying prom M
his goods in proportion 10 the time he wants, ard es
ignorance ofthe value ofthe goods he purchase and
the iobber taking risks in proportion to the proeis he
can max, Once under full sail, ~ heretofore, ne
lessons "a the past will soon be iorsotteh. uhs
true, n you say, that there are lor recently seWl
four times a. many persons Engaged ~ Trade ~
" there should be-, and If, as We suppose, The p4oss
Of those who fail viii soon b. filed by others, lis
evident that, they are all 10 succeed, they must
make pr it enough 10 pay their family AMI store en-
pepses pay their New York indie btedness, and Keep
their capital good. And these profits must BE- made
out Of the consumers situated in the immediate vicin
y of their respective places OF business. Now, q
question easily answered, when IS orf' hE the-'
consumers 10 support one OF two good merchsa.S
who understand their business and are able q bay
their goods well or half dozen who, IN order 70 x.
goods a, all, have to pay large profits on them
The dry-goods jobbng business, as at present ren'
Quoted, i exceedingly expensive and balartous, Ia
pensive because IL IA deemed essential % success 70
have very costly stores 10 whist considered the nie
eligible locations, also large number OF hlgh'pIeed
statesmen, who are paid IN proportion TO ths, ssli "
drumming and selling goods at large profits. Il.n the
Summer and Winter tours which the statesmen must
make, soliciting new customers and collecting from
the delinquent Old ones-to which add lawyers lees,
sheriifs fees, Mercantile Agency fees, eonmisaons
and guarantees aud last, not least the losses by bad
debts all these expenses and osses must be- made cat
of those who are responsible aud do pay their debts
or else the jobbng h, ases must ultimately fail.
The anxiety increase sales Induces the tab ng Il
great risks The large profits which be made oct
OF he ignorant, and the seemingly ignorant bat dis
honest enable multtudes 10 obtain goods who are
unworthy Of credit and who sell the goods tho oh
tanned Tor the sheriff does for them without regard 70
cost the injury OF the honest merchant who intends
10 pay for HE goods and uiak. living out VI his
business
The ease and facility with which credit il obtained
in this market Notwithstanding the numerous her.
camille Agency estabshments) offer a premiam 10
fools and rogues 10 enter into competition with the
competent honest, and responsible. Every day, msn
obtain goods in this market credit, whose hOtss
ere or at home could not be sold for cash for hfy
ents on the dollar.
To insure these risks millions OF dollars must annual
ly be made out those who do pay.
Now, here is question for the honest and re~pcrs-
BILE country merchants To answer; Will you continue
to sustain this system Of trade viii you continue 10
pay for these enormous rirks : They may answer;
" Show us remedy for these things, and We vIA
surely adopt it..
goods house in this city, which think will, 70 soma
extent remedy the evils incident 30 the present system
Under the old system, The interests Of buyer and
seller are antagonistci by our pan We shall eDdeasof
to make them mutual.
Some gentlemen Of long experience in the dry goods
trade, and some capitalists who have made their
money in the business, have IL in contemplation tn
establish joint-stOck general commission, importing
and jobbiDg drygoods house IN this city, with cssh
capital 20 mmence with Of a, least s21 OOO divided
into shares Of $50 each, win the privilege Of incrsas-
ing its capitalize 81 900 900, il may become necessary
and eIpedent. One half u the capt al 10 be furnished
here by the parties having charge of the business and
the other half 10 be furnished--one share each-by
good and responsible retail mer:h ants throughout the
country-imited, however ss To tie number from
place. And these will he our mercantile agencies.
many shall be found necessary for thorough man
agement OF the business adyabtageously.
At the head Of each department will be placed the
most competent and experienced person Tor that
branch If the busness that be- obtained 10 make
the purchases for and superinteud the cement OF
that particular department, and IL practicable, The
head vi each department will BE- prominen, stock
holder.
On every article will be placed the cost sud selling
price. And the prices will be fred ~ low the NJ ,es
sary expenses Of such establishment will allow and
will be a. regular aud Uniform ~ the fluctuations 10
the market will permit.
Many years experience in purchasing goods in the
market for country store, and many years srps-
rience IN the obbing business here, have taught ~
that can become perfect judge OF all the
Immense variety Of articles which constitute the stock
VI an extensive jobbing house; much less can ose
who comes 10 market but two, THREE or four times
year be posted a. 10 the quality sud value Of oil the
articles he mu-t necessarily purchase.
II II unnecessary, and would be mpracticahle %
give all the details Of our plan In this article II
IL sufficient 10 say that rules aud regulations Tor
he government Of the establishment have been care
fully prepared under legal sdvce by experienced mer
, hGnts.
few Of it, provisions may be mentioned The
Indebtedness II the company y 90 eIoeed lie,
actual ped-up capital. It, credits at tune
10 exceed its cash capital. No credn Uto b, girea g.
refo'tv rho sch ~ oorsBmers on credit. Every
merchant applying for crydi, IL required TO fansh
NIL and minute statement Of bis affairs blank for
which will be furDishedl which shall Afford saiisfao
tory evidence OF his entire responsibility. No dlvl-
q. Dds be made which will impair the capital, &c.
Our object il 20 establish jobbng house in this city
upon an extensive scale not for large profs but Cor
safety, which hal afford 20 the honest and responsible
country merchant every facility possible for obtaining
HE goods the most favorable terms where he can
feel perfectly at hume and interested and where be
obtain all the Information Necessary 10 make him
thoroughly acquainted with his business, aud where
lie can meet and consult with freedom and confidence
with honorable aud experienced merchants from al
I arts Of the country jobbng house that uhen
[ hail command fl. a,I a