Grant County herald. [volume] (Lancaster, Wis.) 1850-1968, 1863-07-07

Business Rules.

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/. Do not undertake business with
which you are not perfectly acquainted, any
sooner than you would attempt, if blind, TO
survey city. First throughJy understand
what you propose to do. Serve an ap-
premiership bStore taking single step IN
volying risk.
2. Never attempt business fer which
you have no taste or tact. = Seek 10 do that
for which you have natural faculty and
relish. Don't aspire to be a merchant when
you should be n farmer, mechanic, or a
day laborer.
3. Never connect yourself IN partner
ship with those in whom you have not
erfect confidence those to whom
you would not be wiling, sick or well, at
home or abroad, living or dead, to entrust
all your business affairs.
4. Never attempt to do more bust
ness than you can safely do on your own
capital.
5. Avoid the taking ofextrodinary risks
Of long credits, no matter what profits are
in prospect.
6. Give no credit whatever to any one
who does not possess a good moral char
acter.
7. Supervise carefully your own bust
ness, mot your neighbours and look after
your clerks and see that they are faithful in
the performance of all their duties.
s. Let all those with Of whom you
have dealings or intercourse understand
distinctly, that you will not lend yourself,
for sake of trade, to do any mean thing
anything which your conscience viii not
approve.
o, Never lend your name by endorse
ment or otherwise, except under most
extraordinary circumstances, and then let
the act be guarded with every possible Sc
curly.
10. Never allow yourself or your part
ners to draw dollar from the concern to
invest in any "outside operation" whatey-
er.
IL. In forming a copartnership, insist
that limited, fixed sum only shall be
drawn by each partner fos personal expen-
ses.
II. Under no circumstances whatever,
deal in stocks. Don't believe any one OF
the thousand marvellous tales Of fortune
in that direction. They are trap and
lie.
Is. Keep all your accumulated profits
10 your business so long as you owe dol
lar When you have more capital than
YOU can use, then it will be proper to invest
outside.
II. Never borrow Of banks or other
sources, if you can avoid it. If temporary
assisence is needed, seek it from a tired
friend, or from sound banking institution
and then return the lean, on the day fixed,
with the most rigid puuctuality.
Is. Have an eye on the condition of
the country its crops, and the general pros
pect for business, and look out sharp for
The movements Of politicians, who, in nine
cases out Of ten. care more for a reelection
than for our commercial interests or our ma
tional prosperity.
There are otter and more important
matters which should not be forgotten.
Keep good company. Value integrity
more than money. Live within your
means. Eschew wines, theatres, and fast
horses. Use no profane language. Never
quarrel with partner. Be kind. consderate
and generous 10 clerks, and also to your
unfortunate debtors. Cultivate the friend
ship Of all. Do your proper share in pro
noting the public veal. Be man. gen
tleman, and christian; and you will make
sure of an inheritance in this life and Of un-
told riches in the life to come.