The daily dispatch. [volume] (Richmond [Va.]) 1850-1884, 1859-03-31
VALUE OF cREpIr.

m.r,n hns,nes. properly estimate the value
of a yooa credit One man thinks that 10 long as
he can obtain property upon promise OF future
oaxment he need look after or care Tor notning
more. II he can only get what he wants, that Is
cnousb for bin. lie soon finds ont, however, much
TO his notification that he does not RANK as hign
in market rs some of his neighbours On reflection,
he makes up his miRd that perhaps ms private
character is not what IL should be, and that his
sfeature" in his standing is being talked OF In bust
moss circles. He may be good. 1t Is said, but
stouch him lightly" for In due time no Will fail
Another man suddenly asks, "What is the mat
ter" He discovers a want of cordiality among his
sso!d friends" Can 10 be, he says, that allowing
note to 20 to protest "under peculiar circumstans
ces" has thus Injured me.
Nov let Us be little more minute and illustrate
this subject by introducing TO our readers the
following 'merchants from the interior" all Of
whom, Of course, stop at the st. Nicholas or the
A,tor-or at least smoke their cigars on the steps
OF one Of these hotels. They severally apply to
our pleading firms for credit. Here is their re-
cord: :,
Mr.. A., repused to be good,but che drinks"
Mr.. B, worth $4,000; lives high, and rides
Mo doing large business, but is now
and then found at the gambling table. Sell him
for cash.
Mr.. D, reputed wealthy, but is engaged in
all sorts of speculations. He may succeed, and
may not watch him. ,,
Mr. E- clever fellow, but cares so little
d. for business that his clerks have the principal
management of his aft airs He won't do.
Mr.. p, may DO good, but don't care a fz
for his credit. Allows his bills to amture. and his
notes to go to protest unheaded. Stand from uu'
der.
Mr.G-, an ugly, unprincpled fellow; "aever
will pay exchange anyhow" Thinks the bills OF
the Bnngtown Bank Of Minnesota as "good as
gold" aud ought to pay his notes; let him slide
Mr.. II always finds his goods damaged" or
"short" must allow all his claims or he will quit
you" (ieaving behind his wrath and profanity y
watch him with spectaces.
Mr.. i appears to be prospecting, but there is
no truth ia him; he will tell lies 10 order to get a
sbargain," when the truth would answer his pUr-
pose q great deal better; let him alone.
Mr.. K, reported to be worth 100000, but
there is no moral souudness in him from the crown
of his head to the sole of his feet. Some day he
will collapse like puff ball-touch not.
Now we might go through with tn, alphabet
several times, and not then present ali these
doubtful cases" TO our readers. We have left out
of tina cistigns those who do business on ''bors
rowed capital" those whose "expenses are larger
than their income" and host of others, many of
whom deserve a separate notice. Our special OBJ.
ject is to call the attention of business men to
very simple question, viZ-what constitutes the
basis of all credit? IL it money exclusively? Aus
swer the question honestly. 1fyou desire success,
answer Ii. If you desire good name, answer it.
Ifyou desire a clear conscience, answer it, Those
'.wise snd-other- wise" can apply this subject to
their "peculiar circumstances and position" To
prevent all misapplication of the subject, will
say to the reader-toe mean you perSOnaHy.-N. Il
INDEPENDENT