, 1859-08-25
39rt&a Tribtttte.
THE BEET PAYING POLICY.

A"@ WA0A Z a Il 3NAE FOA4LKe
We have felt it 10 be our duly en- seyera
occasions within the last fow months to eau
tion western merchants against large purcha
ses for the fall and winter trade Especially
should they avoid the tempting class Of gew
gaws and fancy articles which, heretofore
have entered but too largely into the memo
rauda Of our merchants and jobbers. Th<
passion Tor foolish display, which subjects
Americans to the ridiculc Of their European
neighbo7s, should be held firmly in check, Ger
talnly till cir people llayo honestly obtainei
, tue means 10 waste III useless extsnyaganee
Then il they choose 10 squander their money
upon French gimcracka upon their own head:
be the responsibility. Certainly they cou'i
uso it to better advantage; and when once
their debts arc paid, and money has accnmula
ted, we shall do our part to influence invest
ments in substantial, necessary and paying
improvements.
What We wisl, again earnestly to inculcate
is thr duty Of all clssscs Of our renders 10 I'D
hero rigidly to the dcbt-paying policy. The
number Of those at tho West who are entirely
free from debt is comparatively 80 small, it is
scarcely worth while TO make them an exccp.
ton What few there are can employ their
means most laudably in helping those wllu
need it. We hare no sleculations to offer as
to whether the market price Of cereala, Of beef,
pork and whatever else the tarmer OF the mcr-
chant may have to SELL. il likely to advance
or not. Each one should care(nlly con
over the amount, Of lis debts, and when they
are due. 1fhc has a surplus Of any merchant
able article, that it sold no~ will pay his debts.
the sooner lie does il lhe better. It certainly
is safer to be out Of danger than to trust to the
fluctuations Of tile future. If part Of lis
surplus will pay his debts, then sell that mucl.,
ami the balance mag be retained or sold
rs fancy or Interest may dictate. 1fany ones
entire crop will not pay his debts in full, his
creditors will wait with much better grace If
they receive what he can pay. The creditors
Of any one individual, II they get even por-
ton Of their Dues can divide it again among
their creditors, and thus the debt-paying policy
can 50 on, willie if everybody tolds on for Il
rise tue entire machinery Of commerce is ef-
fectually blocked. Let every one use all t1lc
means in lis power to discharge past ob|iga-
tions and healthy stimulus will at once be
felt in every department Of trade.
Tho fact is, the whole country has been
living too FAST Tho profits Of lcgiti-
mate business cannot sustain the prices that
ruled in almost every department Of trade
previous to the crash Of 1851. With lower
prices must come more economy in individual
and general expenditure. So far as fine
clothes and fast living are concerned, liber:
retrcnchmcnt is both healthy and commenda-
lilo. The passion Of our people for mere show
is. to say tho least foolishIy expensive and too
often supremeIy ridiculous. A dieniaed re-
publican simplicity-one that is far within
ones means, always commands confidence and
respect Extravaganza in dress and cquipags.
il the mark Of 4 vulgar mind, and betravs Il
CONSCIOUS want o1 more substantial claims ul.
on the esteem and the attention Of the public.
Acting upon these principles, let the people
Of tue West address themselves clecrfnlly Il,
aprudcnt use Of the means at hand to pay oil
all existing Indebtedness, and We shall soon
hear no more doleful complaints from eastern
merchants and manufacturers that athe Wesi
don't pay Their extreme caution has al
ready given way to anxiety to sell, as the
horde Of drunmcrs they have sent among lis
abundantly proves. Tho caution now slleul
come from our side until the balance Of it,
ticbtedncss is changed lnrgely in favor of tue
West. A prudent use Of this, and another
crop will surely realise that most desirable OIL
iect