Daily Iowa State Democrat. [volume] (Davenport, Iowa) 1856-1859, 1859-03-20

Few men in business properly esti
mate the vane Of good credit. One
man thinks so long As he can obtain
property upon a promise of future
payment, he need look after or care for
nothing more. If lie can only get
what he wants, that is enough for him.
He soons finds out, however, much to
his modification, that he does not rank
quite As high in market as some of his
neighbcrs. On reflection, he makes
up his mind that perhaps his private
character is not what it should he, and
that this "feature" in his standing is
beng talked of in business circles
He may be good, it IS said, but "touch
him lightly" for in due time he will
fall. Another man suddenly asks,
"What is the matter!" He discovers
a want Of cordiality among his old
friends" Can it be, he says, that al
lowing note to 60 to protest, under
peculiar circumstances. has thus injur-
ed me
Now, let us be q little more minute,
and illustrate the subject by introduce
ing to our readers the following "mer-
chants from the interior" all Of whom
Of course, stop at the Astor or the St.
Nicholas, or, at the least, smoke cigars
on the steps of one of these hotels
They severally apply to our "leaaing
firm" for credit. Here is their rec
ord
Mr.. A, reputed to be good, but
che drinks." Look out for him.
Mr.. B, worth 10000; lives
high, and rides fast horses. Be care
iui.
Mr.. c., doing large business,
but is now and then found at the gam
bling table. Sell him for cash.
Mr.. D., reputed wealthy, but il
engaged in all sorts of speculations.-
He may succeed and may not; watch
him.
Mr.. E, a clever fellow, but cares
so little about business that his clerks
have the principal management Of his
affairs. lie won't do.
Mr.. F--,may be good, but don't care
tx for his credit. Allows his bills to
mature and his notes to 60 to protest
UNDECIDED. Stand from under.
Mr.. G., an ugly, unprincipled
fellow never will pay exchange any
how. Thinks the bills of the Bung-
town Bank Of Minnesota as good as
gold,' and ought to pay his notes.
Mr.. H, always finds his goods
damaged" or Short must allow all
his claims, or he will "quit YOU leav-
ing behind his wrath and profanity
Watch him with spectablcs.
Mr.. i, appears to be prosperous,
but there is no truth in him. He will
tell lies in order to set a bargain
when the truth would answer his pur-
pose a great deal better. Let him
alone.
Mr.. K, rcputed to be worth
$4,000. but there is no moral sound
ness in him from the crown of his
head to the sole of his foot. Some
day he will collapse like puff -
Touch him not.
Now, we might 60 through with
the alphabet several times, and not
then present all these doubtful cases"
to our readers. We have left off the
catalogue those who do business on
:" borrowed capital" those whose eek
penses are larger than their income"
and host of others, many Of whom
deserve seperate notice. Our special
object is to call the attention of business
men to very simple question, viz -
What constitutes the basis of all credit!
Is it money exclusively! Answer the
question honestly. If you desire sue
cess, answer it. If you desire clear
conscience. answer it. Those wise
and otherwise" can apply this subject
to their peculiar circumstances and
position" To prevent all misapplica-
ton Of the subject, we will say to the
reader, We mean you personally.