The Fremont weekly journal. [volume] (Fremont, Sandusky County, Ohio) 1867-1877, 1873-11-21

1t Woul0 De no narQSntp TO any,
and to many would prove a real ben
eft, by obliging them to do what
they otherwise would never do-keep
out of debt-and husband their re-
sources against the time of need.
The man who pays his debts would
regard it as no hardship, for first or
last to him it is all The same, and
when be knows that cash viii be de-
manded, he win arrange his affairs
so as to have it, or allow the pur-
chase to await 8 few days. The
man Fho does everything on credit
viii find himself forced to ''mansge"
his affairs so as to have the means
on hand to pay for what he must
have, when he gets it. His nose will
not always be at the grindstone, for
necessity will compel him to drop a
useless expense, or a worthless hab-
it, which costs, when necessities can
not be had without the cash which
his habit of improvidence have per-
versely squsndered. There may be
those who win never learn to man
age even as there are those who new
work; but even with those it is un-
wise that others than themselves
should bear the burthen of their in
competency or dishonesty. The
lule "if any would not work neither
should he eat" is equally applicable
to such cases.
There is 10 valid reason why =
man should sell his goods on credit.
The purchaser may call it an accom-
mediation to himself, or the seller
may call it so. But it is not 30. 1t
is a risk and a responsibility which
is not taken or assumed without
consideration Of future profit. The
money lender does not part with his
money until he has examined the
security, and if the question is haz-
srdous he charges a hazardous price,
or he keeps his price at certain
standard, making the safe pay for
the unsafe risks. The merchant
does likewise. He doesn't want to
do a credit business, but his neigh
Dor does it, and he conforms to the
practice. But in taking the general
risk he adds the additional cost, and
the cash purchaser and the purchaser
on credit pay an advance, in order
that the seller may be secured
against loss from the purchaser on
credit. It is seemingly fair trans
action, if both are chaged alike, but
is a great wrong nevertheless. The
seller has the use of the cash pur-
chaser's money, which is worth, say
ten per cent. He waits on the credit
customer and loses the ten per cent
which he has made from the cash
purchaser. The cash purchaser has
then paid the expense the seller has
had in doing business with the pur-
chaser on credit, and the purchaser
on credit is the only one benefited
for he saves the ten per cent. on the
money, while he uses the unpaid fol
goods of the merchant. J
It is all wrong. Either all bust
ness should be done for cash, at the
lowest rate of profit, and this the
cash purchaser should insist on, ol
| it should be done on q uniform cred
it basis; or, if cash and credit are
combined, the cash purchaser should
insist on a deduction equal to the
rate per cent. which money is worth
la rule recognized and a right &C
corded to cash purchaser, at whole
sale, by all iobbing houses in the
country.
But putting aside this views ofthe
case, it is no advantage to the seller
to sell on credit. If time Of a pan.
ic like the present comes, his goods
are worth as much on the shelf, Of
ten times much more, than they are
in accounts at least ten per cent. o.
which proves worthless. On the
shelf they are on hand when needed
in accounts, even good ones are Sc
cured as it happens, many times, only
by process of law, after Vexatioul
delays. In q time of h2rdships such
sales add nothing to the sellers rev
enues, but are drain on his resour
ces, and are at all times a more pro-
life source Of bankruptcy than thaf
of profit.
There is not a business man buf
will recognize the truth of what We
have said, and wish he could "sdopt
the cash system" Acting separate
ly they cannot unless well fortified
but by concert of action they can
and duty to themselves as well as tC
those who pay for what they get
should impel them to adopt a sys
TEN beneficial alike to themselve
and all who deal with them.
WE wouldn't advise any of our res
ders to risk going to investigate tn
matter, but give the story only t.
show what rich country lies soutl
, of ne FThaso ,,s.o. ,,,,,oE L.. ~,