Vermont farmer. [volume] (Newport, Orleans County, Vt.) 1870-1877, 1875-05-14

iectly reliable, II Is necessary that Won get
some one to sign with you who is known to
be so, and II all should accept the ossayist's
advice, who that needs il Is going to hire
money from bankp
There ARE many times cases where the in
ability TO hire money causes a needless sac
rifice and perhaps financial ruin to the party
wanting il, when the accommodation of a III.
tie credit will enable one 10 turn himself and
come out all right. In such cases we say that
It Is duty wo owe to neighbor 10 sign with
him provided he can satisfy us beyond a rea-
sonable doubt that he will be able to meet
the payment.
We presume the writer himself would DO
most willing TO lend neighbor his five
hundred-dollar team or TO ontrust his prop.
erty OF his life to the safety OF n sailing YES
sci or railroad train, II Il was to be any par
ticular accommodation to himself or n neigh
Dor; yet teams do get stolen and smashed
up and people do lose property and lives by
the accidents Of transportation. Then is II
not better to use little Judgment and hui
mainly towards our fellow men, as wen in
exchanging the courtesy of signing notes MS
in any other Of the affairs Of life. ~.
#.. lr. ...-......e.. A. ii. d.
"a. II. BIS" position is very natural
one for business man who has signed
notes with others and asked others to sign
with him, and we have not the slightest OBJ
lection to those who concur with him giving
the benefit of their credit to any they may
please to so help, but for us, (supposing we
had credit to lend, not any. We join heart.
lily in the grange sentiment" Cash; 20
credit; no bankruptcies and small profits
on business" There are business openisgs
which offer chance to make money fast,
and those who feel SO disposed have per-
feet right to enter upon these risky ventures,
and to 60 in as far as they please, but he
who does 50 should be able to rely on his
own judgment. Perhaps Deacon b., who
has as much capital as A. who is in bust.
ness, does not choose to invest his money in
that business because of its risk. By-and-
by A. comes along and says he is hard up
he wants to hire a couple hundred of dollars !;
will b. sign note with him "No, sir;
never sign with any one" And A. goes
away calling b. an inhumau, unsympathetic
creature. b. may at the same time be Civ.
ing $50 worth Of nscessaries to some needy
poor at his own door. But his reason for
refusing to help A. is this "A. went into
business relying on his own judgment, and
against my advice; already his judgment
proves at fault and he finds himself hard
up How do l know but he may fail in
judgment again. My safe way is to let
him abide the consequences of his judgment,
as do Of mine" This may look cold and
unfriendly, but perhaps Deacon BIS purse
would be the first one to fly open if A. was
in want and money would relieve him. A
man has a perfect right to refuse under al.
most any circumstances imaginable to sign a
note, and We are in favor of doing SO. Nc
man has right to 60 into business where
he needs more capital or credit than he can
command aud then claim il rs morally hi.
right that his neighbor should lend him his
credit. Especially in the light of the hun
dreds of failures which all Of US know oil
every year where parties who have signed
notes supposing they we're secure, and have
afterward had to pay heavily, we say, al.
ways go slow in signing notes. 1t is risky
business. Thousands OF people annually fail
in business not because Of any failure in
their judgment in their business, but because
they were humane" and neighborly,'
and could not say "No" when friend
whom they considered perfectly safe asked
them to sign note to help him through a
tight place. Do away with the credit sys-
TEN entirely and we should have Just as
much money and just as much enterprise
left. The only difference woald be that
those who now lend the money would
have TO invest il 10 the various enter
prises of life, and when partial loss re.
suited from any of these Investments it would
fall upon the rich capitalist instead of on
some one who, after paying his debts, will
have nothing left.