M'arthur Democrat. (McArthur, Vinton County, Ohio) 1853-1865, 1859-04-07
Value Of Credit.
From the New York Independent.

From the New Y ork Independent.
Few men, in business properly es-
innate the value of good credit. One
man thinks that so long as he can OBJ
tain property upon promise Of tu-
ture payment, he need look after or
care for nothing more. lfhe can only
get what he wants, that is enough for
him. He soon finds out, however,
much to his modification that he does
not rank quito as high in market as
some of his neighbOrs. On reflection
he makes up his private character io
not what it should be, and that this
"ieature" in his standing is being
talked of in business circles. lie
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 circumstance" has thus in.
jured me!
Now let us be a little more minute
and illustrate this subject by introdu-
cling to our readers the following
"merchants from the Interior" all of
whom, Of course, stop at the st. Mich
olas or Astor-or at least smoke ei-
gars on the steps Of one Of these no.
tells. They severally apply to our
"leading frms" for credit. Here is
their record;
Mr.. A.-reputed to be good, but
she drinks" Look out for him.
Mr.. B.--worth $4,000: lives
high, and rides fast horses. Be care
| ful.
Mr.. C.--doing a 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.
lie may succeed and may not; watch
him.
Mr.. E.--a clever fellow, but cares
so little about his business that his
clerks have the principal manage
mont of his affairs. lie won't do.
Mr.. F.-may be good, but don't
care a fg;fcr his credit. Allows his
bills to mature and his notes to 90 to
protest unheeded. Stand from I'M
der.
Mr.. Gan ugly unprincipled fel.
low; never will pay exchange any
how. Thinks the bills of the Bung-
town Bank of Minnesota as "good
as go1d," and ought to pay his notes;
let him slide.
Mr.. H.--always finds his goods
damaged" or "short," must allow all
his claims OF he will quit you, (eav,
ing behind his wrath and profanity;)
watch him with spectacles. ....
Mr.. I.--appears to be prospering,
but there is no truth in him; he will
tell lies in order to get bargain, when
the truth would answer his purpose
great deal better. Let him alone.
Mr.. K,-reputed to be worth Sl9,.
900, but there is no moral soundness
lin him from the crown of his head to
the sole of his foot. Some day he
will collapse like puf'ball. Touch
him not. ..
Now we might go through with
the alphabet several times, and mol
then present al! these doubtful cases
to our readers. We have lett off the
catalogue those whose Expenses arc
larger than their income,' and a host
of others, many of whom deserve g
separate notice. Our special ohjec
is to call the attention of business mer
to very simple question, viz:-Wha
constitutes the basis Of all credit9 Ii
it money exclusively} Answer tn,
question honestly. If you desire sue
cess answer it. If you desire a gooC
name answer it. If you desire {
clear conscience answer it. Those
wise and-otherwiSe' can apply thi'
subject to their peculiar circumstan
ces and position To prevent al
miSapplication of the subject, we vii
say to the reader-toe mean you per
} sOnally.