The daily gazette., 1876-02-12

| was nhi"Iy Jush 10 his Other patrons
and he replied quietly: II always
charge him more than l do any body
else, In order TO leave margin for his
beating me down"
3. 1t is considered as no violation of
mercantile honor to monopolize the
market, and thus crowd up the price of
a given commodity higher than the
natural level. The facilities possessed
oy every large operator must of course
give him great advantage over all
smaller competitors, and the public
upon the whole may he benefited by
this; hut when the prime necessaries
OF life are monopoliZed by any house.
or by what is now called ring, the
community, especially the poorer
, ,, classes, may suffer severely. Sometimes
the evil reaches such a height that the
hungry population, in their fierce
wrath, take the remedy into their own
hands, and either steal OF DESTROY the
food which they cannot buy.
| A. IL ls thought by many to be right
for man to extend his business so far
beyond his capital that his ability to
pay what he owes must be contingent
upon his speedy success; if he sells
promptly and at a profit, he pays-if
he cannot sell, or sells ut loss, he
Will not pay. The principle of credit
is so inwrought into the whole texture
of trade that we can no more dispense
with 1t than we could get on without
currency; but in our day it has been
pushed to a vicious and most danger
GUS extreme. 1t is this which makes
the business atmosphere SO unwholc-
| some and n rNrAltfin Nf Glol
, fevers'-the mercury at zero to-day.
and up to boiling heat Tomorrow.
Ihe man who has little or nothing of
his own, and still does gigantic bust
ness, is simply trading upon some
other persons capital. If that other
person sees 1T to loan it to him, know
ing the mans impecunious condition
well and good-he lends his money
and takes his chance; If he and mis- en-
terprising friend both come to grief he
! has no right 10 grumble; but to obtain
| large credit on the presumption of
supposed resources that do not exist is
| a fraud.
5. 1t is regarded as allowable for a.
manufacturer to afix such labels to his
goods as may be demanded by the po-
pular taste and fashion, in order to their
more rapid sale-provided there is no
direct forgery on other peoples labels or
names. If there Is any blame connected
| with this custom, it is thought to be ex-
| cusable because of the foolish preference
that we have for such articles as bear
the stamp of foreign manufacture. OF
course no maker of American fabrics
would wish to give to another county the
credit of his own best products, if he
could help it. | have known some cases
where the title of domestic firm has
been simply translated into foreign
tongue, and this served its purpose in
securing good sale for that which 9th
erwise would not have been in demand,
although it was as &ne an article as could
| be made anywhere in the world.
| 6. The custom is too freely tolerated
of declaring such dividends on the part
OF stock companies as are not warranted
by their legitimate profits, and. can be
paid only by accommodating a debt which
debases the value of the whole property.
Great fortunes have been made by this
process on the part of those who were in
the secret, and so knew Just when to sell
out; hut it is done at the expense Of
others who are not in the secret of the
fraud; for if this be not q fraud, we might
as well-abolish the eighth commandment
of the decalogue.
7. Finally, it is not as lisreputable as
it once was for man to conceal of con-
vey awy his property, in order to pre-
vent it from falling into the hands OF
miscellaneous creditors. II this also is
not fraud, or if anything can be SAID in
extenuation Of the practice, l would like
to hear from some gentleman in Is de.
fence,-N. Y.