The spirit of democracy. [volume] (Woodsfield, Ohio) 1844-1994, 1859-03-23
Value of Credit.
From the New York Independent. ]

t.' TfrOm the New 1Ork independently
Few men in business properly estimate
the value of good credit. One man thinks
that so long as he can obtain property mp
on q promise Of future payment, he need
look after or care for nothing more. If
he 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 quite as high in market
as some of his neighbors. On reflection
he makes up his private character is not
what it should be, and that this ''feature''
in his standing is being talked Of in busi-
ness 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 q
want Of cordiality among bis old friends.
Can il be. he says, that allowing q note to
go to protest "under peculiar circumstan-
ces''has thus injured me? Y aa.a -i.r
Now 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 Astor-or at least
smoke cigars on the steps of one of these
hotels. 81 They seyerally apply to ou,
'leading firms" for credit. Here is there
record"
Mr.. A. reputed to be good, but "he
drinks Look out for him. 81 i
Mr., b, worth $4,000; lives high,
and rides fast horses. BE careful.
| Mr.. c., doing a, large business, bui
is now and then found at the gambling
table. Sell him for cash. 'a' a'7't
Mr.. D., reputed wealthy, but is en-.
gagged in all sorts of speculations. III
may succeed and may not; watch him.
| Mr., E., q clever fellow, but cares sc
little about his business that his clerk!
have the princi2ial management of his af
fairs. He won't do. oa"
Mr.. F., may be good, but don't care {
zig for his credit. Allows his bills to ma
.ture and his notes to 60 to protest un
needed. Stand from under.
I Mr. g., an ugly unprincipled fellow
never will ray exchange anyhow Think
the bills ofthe Bungtown Bank of Mime
sofa as ,"good as gold" and ought to pa,
his notes; let him slide. s. r
/ Mr.. H, always finds his goods "dam
aged" or ''short, must allow oil his claim
or be will quit you.' Geaving behind hi
wrath and profanity:) watch him with spec
tacles. .es ef 5stse3ri sss8asal 9 IT,
!. Mr.. .I-appears to be prospering, bu
!, there is no truth in him; he will tell lies i
order to get bargain when the trnt
would answer his purpose great des
better. Let him alone. aeai}uos .r
Mr.. X, repnted to be worth 81 90
but there is no moral soundness in hin
; from the crown of his head to the sole {
his foot. Some day he will collapse lik
puff.ball. Touch him not. b.
Now we might 60 through with the a.
phabet several times, and not then preser
s all these doubtful cases. to our readers
: We have left off the catalogue those wh
do business on Borrowed capital thos
whose expenses are larger than the
income,' and host of others man
lof whom deserves separate notice. o.
IL special objects is to call the attention
: business men to very simple question
viz-Whst constitutes the basis ofall cret
. it? Is it money exclusively? Answ
!. the question honestly. If you desire su
cess answer it. Ifyou desire good nan
answer 1t. If you desire clear col
: science, answer it. Those wise and
!. otherwise can apply this subject to the
peculiar circumstances and position 7
;. prevent all misapplication of the subjec
!. we will say to the reader--we mean yl
personally. .-.7- -.,