Yorkville enquirer. [volume] (Yorkville, S.C.) 1855-2006, 1876-11-30
CREDIT vs.. CASH BUYING.

CREDIT vs.. CASH BUYING.
The following contains many things worthy
of the careful consideration of every man
and woman in the land. 1t is, however, de-
fective. A cash system, to be honest and
lust, must be universal. There are many
men, in every community, just as important
to the welfare of that community, as the mer.
chant. No man fills more useful position
than the faithful school teacher. 1t is unfair
and unrighteous to pay the merchant cash for
his goods, and keep the school teacher out Of
his honestly earned money until, the end OF
the year. The same is true respecting minis
ters of the gospel and physicians. As rule,
school teachers and preachers are poor. They
have no capital but their brains. As civili'
zers, to say nothing more, they are of as
much Importance as the man who sells calico
1t is decidedly right to pay the merchant
cash for his goods; but it is decidedly wrong
to force the school teacher and preacher to
labor on the credit system. With these ad'
ditions, we commend the following:
"The practice Of buying the necessary ar
ticles of household use on credit, is fatal to
good economy. The housekeeper has always
to pay dearer when she does not pay cash
The tradesman must have interest on bis
money, for man will never, in a busy com.
munity, be willing, and is seldom able, if be
is willing, to forego it. To the ordinary cash
price of the article he, therefore, adds the in
terest which may accrue during the time that
credit is allowed. This, moreover, is not all
there must be premium exacted by the dealer
for the risk he runs in trusting out bis goods
to that class of more or less dangerous GUS
toners who never pay ready money. Even
the most honestly disposed of these are often
unsafe debtors for they are generally impru.
dent enough to anticipate their incomes, and
overrun them in expenditure. The credit
system, moreover, is temptatiento to unneces-
sarY pprchases~ There is a sort of check IN
the sight and touch of the hard.earned mon
ey to the disposition to dispose of it lightly
On the other hand there is something in the
facility of credit, removing as it does the dis
agreeable necessity of payment to the buyer
who can crafty his love of possession with a
momentary sense, at any rate, that its gratltl.
cation costs nothing. There is no such cheap
and cautious purchaser as cash."
Now, let US dissect the above in the light OF
facts. With the first proposition, that "the
practice of buying the necessary articles Of
household use on credit is fatal to good econo'
N.Y." we fully agree; but that it is so for the
reasons given we deny. The correct reason is
given further down, where the writer states
that "there is sort of check, in the sigh and
touch of the hard earned money, to the dis
position to dispose of it lightly"
Under the system on which our retailers
business is conducted, this latter is the only
thing in favor of cash payments. But tina,
it should be so is wrong! Cash customers
should be encouraged by all retailers They
are not now! We venture to assert that there
is not retail store in this city, or mayhap ir
the State, the proprietor Of which has two
prices for his goods. The cash customer goes
in to buy his pound of tea, sugar or coffee, Of
yard of cloth, or any other item, as the case
may be-, and side by side with the credit Gus
toners he pays the same price for the article:
be wants. Very we'll; but in what relations
do the two customers stand to the retailer
In the first instance his goods are gone, but he
has the equivalent for them in his pocket, and
can at once replace them and still have fal'
per centage on their cost left for his trouble
In the second, however, it is far different; biz
goods are gone, and were it not that he had
some working capital he could not replace
them until the credit customer paid for them
This the latter may do in week, month, OF
never; and to keep himself whole, wake ur
for bad debts, and meet his own bills prompt
ly, the retailer has to arrange his prices to
suit, which prices the cash customer has to
pay. Thus do cash customers have to help
pay the bills of credit customers and dead
beats; and when enough cannot be made out
of them for this purpose the shopkeeper has
to suspend.
Now, what we claim is, that retailers should
have two prices for. their goods cash price
and a credit price. Those who seek favors in
the shape Of credit should pay for such ia
vors, just the same as the man who borrows
money pays interest for the use of such money.
The interest on the money the retailer invests
in credit customers should not be paid by cash
customers, as it is all over our land to-day.
Or, if the retailer claims that he cannot have
two prices and maintain his business, let him
require of the credit customer good security,
and, on settlement, per centage sufficient to
cover at current rates the use of the amount
he has had in credit; then, on these condi,
tions, sell at the same rates he does to the
cash customer.
Should some one of these plans be adopted
or some other proper inducement be held out
to consumers in general to make cash pur:
chases only, we believe that business would
at once assume more healthy tone; that fail
ures would be less numerous and that con
sumers generally would be more honorable
more independent, and more prosperous thar
now.-Detroit Commercial Advertiser.
RUNAWAY HoRsEs--Runaway horses
which could not be cured in any other way
have been easily and perfectly managed ano
entirely and:permanently cured, by placing
a leather hood on the headstall, in such
manner that whenever the horse starts tt
run a cord pulls this hood over his eyes. Al
soon as he finds that he is blinded complete
Iy, he will slacken his pace and soon come tt
halt-or if he does not, run him agalns
some object, that will give him brushing
and he will soon get tired of the trick.