American union. [volume] (Morgantown, Va. [W. Va.]) 1855-1859, 1858-10-29
COMMERCIAL INTELLIGENCE.

Co There is volume Of concentrated
truth in the following extract from the artic.
headed Commercial Intelligencsn in tn.
n. Y. Chronicle Of the 23d met. Read il,
carefully, everybody,-- 4
Al the Sc ason advances busine ga is rad, nal.
ly coming to close. Tho west and south.
west have lett the market. Advices from
Europe would indicate large impor,a,iops
for the coming season. This would be n
misfortune. II q large importation be made.
Try, and The INGREDIENTS distribute them on
like condition. a roriion Of the r...,;,v, :,
depressed under cloud, and .hould wall for
me sun before making large engagements
The American people peculiarly love credit,
It 10 their meat aud drink-roll il under their
tongues at a sweet morsel--love tho credit
but despise the laws Tor The collection of
debt. Now we ask in all sincerity if il is
not better for such people to first earn their
money before spending II maDy advantages
might be gained, such as, buying cheaper--
keeping out Of debt-being Jude pendent, no
mortgage on their future energies, each day
be The evil thereof the sun rising and set.
ting on an independent and hoppy people.
We ale slaves to credit, ,rudging through
the world with a load OF debt upon our backs.
Only think ola man earning his dollar 10. day,
and spending nine shllings; commencing
Tomorrow in debt, TO bring up, must contine
his expenses to seven shiIlings. Now if we
cannot live on the products of our labor
during the day in which we perform it, how
can we live on The la Dor Of Tomorrow, and
payuP the deficiency Of to-day? Debt in.
CURED IN excess OF our production, like time
once lost, cannot be recalled we may profit
oy The past, mend our ways, and partially
recover but still, il is lost. A steamer al
sea is supposed 10 make the bestof her way:
stop the machinery, and The minutes are
gone for ever. Much discussion is going on
IN relation to credit. The senior editor of
the Tribune has written several able articles
upon this Interesting subject. Credit is get
Jung possession of property. and paying for
u al some future time il is using means to
90 large business on small capital it is
ling him to mortgage his future energies 10
pay Tor his present necessities. Paying for
credit impoyerishes the people il /, cos,
nothing It would all be very we'll But the
FISK OF credit must be compensated. tits
buying and selling, taking the chances Of
sickness, fire, and last not least, dishonesty:
the premium charged in proportion TO The
fisk incurred. Credit appears 10 be adapted
more particularly 10 the two classes--,he
fich, who are not in want of it, and the moor
who oueltnott TO get it, The first have il thrust
upon them because they seldom use il: and
the poor, when sick or out of EN- ploy, can.
not get It. Who then supports the credit
system? Those who do no, require il, they
paying for all the ills Of life in the high
prices How long, think ye. will the indus.
irious be satisfied in thus parting with their
earnings? Only until they understand how
tits that one. fifth of all their labor is expend
ed Tor credit. Think Of it--workng one
NTH OF our lime for the support Of the mos,
vile and beastly esa blishms nts. We have
given q history Of the great moral disease
raging in our land, and now propose a re.
medy, simple, pleasant, and certain in its eff.
iecls. 1t is new in principle, but never
known to fail. You tina, pay, patronize those
selling only for cash, and save thereby the
guarantee usually charged between the re-
!ai'er end consumer, shy, ten per cent. and
II you can go step further. confine ;hs pur.
chase no, only to those selling, but to those
who buy exclusively for cash and here
would be saving Of six per cent. more, and
mus you may follow the system through al!
The different transfers until you conn 10 the
producer. Separately those that you pay
from that large number who do not. Those
paying, buy at the cash store and those lhat
do not, of the old shops. The result, would
be as the lightning that comes down from
the cloud credit falling by It's own weight
crushing all beneath ii, Break up credit
bread, meat, and vegetables would be sold
Tor cash at twenty per cent less than present
rates. We are patient people we allow
the politicians to fleece US by taxation thirty
per cent, and dealers selling on crsdt,a Ike
per centage yet we work and tug like slaves
performinga task, witout opening our mouths
in complaint. Require man to pay sum
equal to one.ffth Of his labor, and rebellion
would be the order Of the day--resisting on.
preston with all his power.even 90 30 prison
in defense Of his rights yet we all pay ti,hes
to credit, and that, not for the benefit of the
aged, the widow, or The orphan--but for a
lot of idle, lazy fellows. who drink By day
quanel and fight by night What is /, Thai
supports that immense army seen in our
streets and alleys, drinking bad rum, smoking
horrible cigars,,heir mouths filed with oa,hs
loo monstrous 10 be repeated7 II is credit.
and credit alone. Break up credit in all the
small transactions Of life. and idle, the vici.
Gus, The loa!er aud the rumseller would be
compelled by the force of circumstances 10
obtain employment: The cravings of nature
would drive them TO II, and thus relieve
honest industry from tax too heavy to be
borne.
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