New Ulm weekly review. [volume] (New Ulm, Minn.) 1878-1892, 1879-01-22
CASH OR CREDIT,

Why is the assertion so often
made, and by SO many, that cash
system is an utter impossibility. Al.
though it is not the work Of a month
or Of a year to put thoroughly in mo-
ton, if all parties would make up
their minds firmly and resolutely,
and most especially the farmer, j
Will guarantee it will be a good
work of a very short time. Then,
and not until then, we will have a
solid financial basis, and mark
the consequence. Every person
would -buy less and buy cheaper,
live better and live friendly with all
and not be, | may say, pressed,
robbed and prosecuted by his credi-
tors who are themselves forced to the
wall. But many will naturally ask
the question, Chow can | get out Of
debt!'' My answer is simply this:
Contract no debts but what you are
certain you can meet when the same
becomes due. What is the object of
contracting debts yon can not pay!
Where is the benefit! Bat many
things are to be considered. For ex-
ample: A good honest farmer who
has 10 or 20 acres of land prepared
for seed, III order to SOW the landsmust
buy seeder, instead Of sowing his
land broadcast as many good farmer
did, when his sowing would not cost
him anything. But on comes the
oily-tongued agent who is master OF
his patent-right and prattles off ;
nice smooth and soothing argument
Says to the farmer that he is saving
money by buying his seeder, &c., an(
the farmer buys, gives, his notes,
and cast iron clad notes at that
And probably all this takes place be
fore the farmer knows how or whe1
he is going to get his seed grain. Blu
| am IN no way running down tn
seeder. Buy one when you have tn
money to pay for it, and not unit
then, and let your motto be ''mine i
my own, Ipaid for it,
Hardly IS the grain in the GROUND
when along comes the reaper agen
who, ten chances to one, will sci
him reaper. OF course notes arr
again given, trusting to providenc
for a good crop to pay for the debt
contracted before what was to pa,
them has got fairly to growing. Blu
if the crops fail the farmer mort
cages all the chattles and real estat
he owes to secure the notes, which
are continually growing, and Their
it all ends with the farmer. Let
customer go into store, Cheap Jack
Charley, John or whatever cash stor
you may happen to call on, and the,
will sell you goods at the very loves
prices, and why! Simply becaus
they know you have the money il
your pocket to pay for the good
you buy, and there will be no balanc
left, no slips in tills, no ledgers witt
a long and dark catalougue Of oil
ancient unsettled accounts. An,
when you call at the store your com
monty get credit you complain of TIL
prices, and why! Because you settl
up your account once a year, b
probably paying half cash and Civ
your note for balance, thus forcin
the merchant to settle his account
by "Bills Payable" continuing il
the same routine year after year, IN
til all his profits are completely al
sorbed by the interest, which is a.
caused by the ruinous credit system
But change your course, learn to d
with less, learn to buy less, strict
adhere to the rules Of economy an
in course Of a few years prosperit
will surely follow. J. J. r.