Cincinnati daily press. [volume] (Cincinnati [Ohio]) 1860-1862, 1860-04-03

The New York Independent of late date
says on this subject: HI . '..'' ....
Few men in business properly estimate the
value of good credit. One man thinks that
so long as he can obtain property upon o
promise Of future payment, he need look af-
ter 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 NOR
tifcation, that he does not rank quite as high
in market as some of his neighbors. On re-
Election, he makes up his mind that perhaps
his private character is not what II should be,
and that this Feature" in his standing is
being 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 matterP" He
discovers a want of cordiality among his 'old
friends" "Can it be" he says, "that allow
ing a note to 60 to protest under peculiar
circumstances has thus injured me?"
Now let us be a little more minute, and il
lustrate 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 Astor-or ut the least
smoke cigars on the steps of one of these
hotels. They severally apply to our "leading
firm" for credit. Here is their record:
Mr.. A., reputed to be good, but "he
drinks" Look out for him.
Mr.. b, worth $4,000 lives high, and
rides fast horses. Be careful.
Mr.. c., doing large business, but is
now and then found at the gaming table. Sell
him for cash. -..I
Mr.. D., reputed wealthy, but is engaged
in all sorts of speculations. He may succeed
and may not. Watch him. 49,
Mr.. E, clever fellow, but cares so lit
tic about business that his clerks have the
principal management of his affairs. He
| won't do 'I
Mr.. F., may be good, but don't care a
! fig for his credit. Allows his bills to mature
aud his notes to so to protest unheeded.
Stand from under.
Mr.. c., an ugly, unprincpled fellow,
never will pay exchange, anyhow. Thinks
the bills of the Bugtown Bank of Minnesota
"as good as gold, and ought to pay hisnotes.
Let him slide. -.
Mr.. H, always finds his goods damaged
or Short" must allow all his claims or he
will quit you, Qeaving behind his wrath and
profanity;) watch him with spectacles.
Mr. l., appears to be prospering, but
there is no truth in him; he will tell lies in
order to get a bargain" when the truth
would answer his purpose great deal better.
| Let him alone. .., .....,.., .
Mr.. x, reputed to be worth $40 900, but
there is no moral soundness i'll him from the
crown of his head to the sole of his foot.
Some day he will collapse like puff ball.
Touch him not. -.
Now, we might go through with the alpha
bet several times and not then present all
these doubtful cases" to our readers. We
have left off the catalogue of those who do
1 business on Borrowed capital" those whose
Expenses are larger than their income" and
host of others, many of whom deserve a
separate notice. Our special object is to call
the attention of business men to very sim
pie question, viz: What constitutes the basis
of all credit? Is it money exclusively? An
swer the question honestly. If you desire a
good name answer it. If you desire clear
conscience answer it. Those "wise and
otherwise" can apply this subject to their
peculiar circumstances and position" TIC
prevent all misapplication of the subject we
will say to the reader--lce mean you person
0lM -