Mower County transcript. [volume] (Lansing, Minn.) 1868-1915, 1875-12-23
Notice to The Public.

trade in this city during the last
twelve years, and it has experienced al
most every vicissitude OF business which
has been prccipitatcd upon tire country
within that period. We have enjoyed an
extensive trade, and we have in turn car.
ricd over from year to year, heavy sums
for the accommodation Of our customers,
and oftentimes at a very hazardous risk
of our own interests, and always to our
serious MISUNDERSTANDING the fire
Quent unemployment Of our capital, and
necessitating strain upon Our credit
which we dislike to make. The credit
system imposes heavy and an uhneces-
sary burden upon dealers and iAGirectly
upon all classes. The expense Of provi-
ding and keeping a full set Of books is
not less than 10 per cent. on any ordinary
business, and tnat amount may be sayed
to customers as we'll az not, and in view
of these facts it is our purpose to save it
for them.
A single illustration will convince the
most skcptical:
A. buys $1,000 worth of goods on sixty
days To the real worth, add 10pcr cent.
for carrying the transaction through the
books When the bill becomes due it is
settled by note at 60 200 days with
interest at IL per cent. and when it is paid
it will be found that the purchase has cost
at least one quarter more than it would,
had payment therefor been made when
it was obtained, and yet the dealer does
not make so large profit as he would do
were the transaction cash one. lie has
to pay for the books which he uses, nav
the clerk who keeps them, and to pay cash
in advance, which he sometimes has tt
hire at ruinous rates; for the goods which
he has sold on time to his creditors.
These arc startling facts, but they can
not be controverted.
WE SHALL THEREFORE, ON AND AFTEI
JANUARY lsT, 1876, TRANSACT OUR BUs1
NESS UPON THE CASH BASIS.
We are induced to take this step for til,
lsake of interests which arc common tt
ourselves and to those with whom we lav,
so long sustained only the most pleasan
relations.
We mean that none shall misunder
stand us. We have concluded to adop
the cash system because we firmly bclicv,
that 1t will prove more advantageous t
all parties than that OF indefinitely extend
ing credits.
Under the new regime we hope to retair
the custom of all our old friends and IL
make it appear to all classes, that it i:
better to "pay as they go.'
Our entrance upon the new system will
be signalizcd by a reduction of ten pei
cent from our previous prices, thus prov
ing to every body the sincerity of our state
mcnts, and the practicability of the plan
which it is our purpose to follow. W.
feel confident that We shall increase oul
trade, give better satisfaction, to our Gus
toners, and confer a lasting benefit upon
the country by returning now to casl
trade.
We solicit the patronage of all, and We
shall certainly make it to the advantage
Of all to buy their goods of us. We take
this opportunity to express our most cor
dial appreciation Of the favor with which
t!!c public have regarded our efforts to
meet the wants of a new and rapidly pcpu
latiEg country, and we hereby extend
thanks to all who have thought It to thci,
advantage to favor lis With their tru<:c.
| Yours Respectfully,
AUSTIN & CHASE.