The Anderson intelligencer. [volume] (Anderson Court House, S.C.) 1860-1914, 1879-08-28
The Advantages of Cash Over Credit.

"Pay as you CO." is an old saw, but
a wise one. II is the cheapest way and
the safest. TO run in debt is an Amori-
can habit, and there is no other nation ia
the world where credits are go popular
as with US. We borrow with the great
est facility. The thought of payday
rarely troubles the intending borrower;
and the borrower and debtor through
purchase stated precisely in the same
position; they are both borrowers In
facts. II is only rarely that wo come
across man who has the reputation Of
being "solid" man, without any bub-
bles of credit in his business, and buy
ing only for cash. The practice is 80
general that business is built up on that
basis; scales are iuade in anticipation of
q years credit or more, and public scales
are never, or hardly ever, announced un.
less with the heading "credit sale" pre-
ceding them. At a cash sale one gives
theactual value ofwhat he buys, and many
who are tempted to buy at credit sales
will avoid cash sale from habit if not
from necessity. The difference in the
cost price of articles SO purchased is en-
enormous tax on industry, self-imposcd,
it is true, but none tho less onerous for
that. This is poor management. "The
destruction of the poor Is their poverty"
If we consider this ancient, but truc
proverb, in its narrowcst sense, We shall
miss its most valuable lessen. There are
poor men financially considered; but for
one OF these who become no by uuavoid.
able necessity, there arc q hundred
who make themselves poor. There arc
poor managers of their affairs poor bus
mess men; poor readers; poor thinkers,
and those with poor memories upon
which :he results OF mistakes sit but
lightly or rest not at oil /, and these are|
each and all worse of than the man who
is poor a. regards money alone, A man
with brains and capacity 20 uEe them,
who can foresee chances of profit. and
who can seize them as they come; who
is shrewd, prompt in action and enter
prising, Is rich man Rs compared with
one who possesses mono of these adyan-
tages, but who has only money ne com.
mand. There are ricb poor men and
poor rich men, and thLAe soon change
places. II have entered into partner
chip" said one; "my partner finds the
money and l find the experience" After
I time this ons aaid, whaye dissolved part.
nership; l have now the money and my
partner has the experience" It will al
ways be thus; the poverty ofthe man whois
poor in business ways destroys him. There
ara anme maxinla in huaineaa which
man. and especially o farmer, should
write. on the first page of his memoran.
DUN book or diary, and read over every
day. Some of these are: "Owe no smaii
debts" at 10 better to borrow money
on note, or o mortgage, and pay q num-
ber Of small debts OUT 4Buy for CASH.
Sell for cash." "Do not buy a thing
you do not want" s'Do not want q
thing becuse it is cheap" ''Avoid auc.
tion sales." "Never endorse note"
"If you wish to oblige friend, and have
the money, loan IT to him; out put your
name On 40 mans paper" San endors-
cd note comes due always at an inconyen-
lent time "Never count your money
until it 10 III your pocket" Many 9TH
ecs might be added, but here are enough.
Ii You want gooS authority for these we
may refer yon TO Solomon frat, in whose
ancient writings all these, and many
more of similar import may be found.
Since his day these maxin.= Lave been
:terated and reiterated until they, are
trite enough, but yet the gFsat Inaiofity
OF men ignore them. "A man becomes
prosperous by attention to email detailp,
"Small leaks sink Ship A habit of
looking after small mnftara canses II man
to carefully regard larger aiItsrs; while
on the contrary, looseness in the former
fe5Iect produces carelcssness In regard
to the latter. a business man who re-
CARDS economy and safety, will never fail
or become embarrassed, and there is
noihing else In the way of business that
is so economical or safe as dealing for
cash. There may be men who consider
"A nj fr - n ~ a A. as