The Hickman courier. [volume] (Hickman, Ky.) 1859-current, 1876-06-09
How Hard Times can be blade

How Hard Times can be blade
Better.
The recent great sale Of dry good'
in New York and the impetus which
it seems to have given to trade. has sci
some of the old head athinkipg, and
and now it seems probable that there
will be more auctions of a similar
character.
A writer in the Philadelphia Press
thus states the case and makes a sug-
gestion:
/ HOW TO REVIVE TRADE-NEW THEORY
Beyond question, the most interest
/ ing business event Of the day, Is the
largest auction sale of cotton goods
ever held IN the United States II
was by no means New York affair,
as the whole country literally took a
hand in it. And now a word or two
as to the philosophy Of it as bearing
upon the business and trade interest
Of the country at large
The predominant feeling among the
:
come to attend the sale, from almost
all parts of the country, is that it is
about time people everywhere should
get it into their heads that the surest
way to revive trade is to create trade;
and that it is better to sell what Que
has cheap for cash, than to be carry
ing along stocks of merchandise in the
expectation Of times getting better. -
1t is not pleasant indeed, to accept
low prices, but better these than no
profit
What is needed on all hands, in the
present condition Of the country. is to
i4s.4sklx stimulating
healthy consumption. THESE great auc-
ton sales are to day a recognition Of
this principle or policy by some of the
New England mills, and the example
promises to be contag ious for on Thurs
day, the entire line of halt dozen 9TH
er Manufacturing companies aud mills
are to be thrown on the market in the
same way. Various other mills are to
follow the example, and in this way we
shall reach n point, as regards the
be the turning point for healthier
state of things all round-N y. Letter
"Oyerproduction" is certainly not
the cause Of dull times in this section.
but the exact contrary But why can
not some of this philosophy be applied
to our local merchants? In degree
it would doubtless work benefcially.
Self protection, when sales are small,
generally leads the merchant to look
out for fair profits; but in times like
these, is it not better to topple prices
way down yondcr, while articles are
sale4ble, than to hold on to them until
they are un>aleable and then let them
go for next to nothing? Is it not bet
ter for house to make one or two
dollars a day, clear of all expenses. in
making large sales, than to lose the
same amount holding on for legitimate
customary profits We know Of vii
lage that has practised this policy, and
it is prospecting day. The Hickman
merchants have it 10 their power to
strike terror to dealers for 100 miles
around, for they have the stocks and
capital And it may soon appear to
them, not 80 much question Of poll
cy as Of necessity, for this movement
among the great mills aud manufactu-
rers of the East, must have its effect
on the whole country. Our merchants
mas delay taking this bitter step down
ward, until the opportunity for deriv-
ing special advantage from it has pass. /
but the inevitable down, down, down,
will come, and must be met 1t is the
agony Of a great country, after being
orn and rent with rag money, read
listing itself to a solid, gold value.