Yorkville enquirer. [volume] (Yorkville, S.C.) 1855-2006, 1881-09-15

Greenville to suffer heavily than for them to
inure the credit of themselves and their
section by placing themselves in the position
of craving charity because of a partial failure
of their crops. The world can not think we'll
of those who relinquish their independence at
the first stroke of misfortune. and begin to
beg for mercy from their honest creditors.
From the Newberry Herald.l
1t does look at first sight as if the guapo
men ought to divide losses with the farmers
this year. But there is certainly no way for
the farmers to demand it, and they should
not so far forget their obligations as to say
because we have been unfortunate, we shall
not pay you all. 1t will undoubtedly be
hard, and in many cases impossible, to pay
off ration liens and guano liens but we are
satisfied that there is an earnest desire to pay
in full, and a determination to pay as far as
possible. The farmers, all of them, should,
be very careful not to say we won't pay in
full that would be reputation. The basis
of credit is small enough already; but should
any considerable number of the farmers man.
fest an indisposition to pay their honest
debts, that basis would soon become very
much smaller.
fFrop the Anderson n,cllgencer.1
Any combined effort to secure compulso.
ry reduction of the debts due by the farmers
will induce innumerabe endorsements Of
liens, and, what will be worse for many far.
mers, the chattel mortgages upon their
stock will also be foreclosed. This general
suing would entail great cost upon the debt
ors, and would greatly cripple the agricultu-
raj interest of the country. The worst fea.
ture, however, would be the destruction
of all credit at home and abroad, for if
such state of things should arise this year,
the merchants would refuse to sell next year
on credit, for they would fear similar ac-
ton the ensuing fall. This would bring
everything to a cash basis and the country
in its present crisis could not stand it. Great
numbers of our people would then be ruined,
indeed. But the injury would not stop even
there. The credit of the merchants them
selves would be ruined for the wholesale
merchant would be afraid to credit the mer-
chant whose customers did not pay him, for
such merchant would be liable to break at
any moment. We cannot be too careful OF
our credit at this time. for it is credit that will
have to he relied upon to carry US through
the coming hard times. .... ......--
The Charleston Nsws and Courier, COM
menting on certain resolutions adopted by
the farmers of Savannah township, in Ander.
son county, says: .......
"There is no copartnership between the deal
er in fertilizers and the farmer. Generally
the farmer has the right to pay for the ferlil.
izers in cotton at fixed price per pound.
At this price he can settle for the fertilizers
even if the market price be two or three cents
lower, while if cotton goes above the option
price the farmer sells his cotton and pays the
stipulated price in money. This is certainly
an advantageous arrangement for the farmer.
Beyond the option described, the farmer takes
his chances. When he makes fine crop and
sells it at high rate, be does not divide his
profits with the dealer in fertilizers. The
dealers do not then hold meeting and re-
solve that, in view of full crops and inflated
prices, the farmers should pay premium
over and above the price agreed to be paid
for the fertilizers in the first instance. There
is no justice in expecting dealers to divide
the losses without sharing in the profits.
They will not do it. The leading manufac.
lures of fertilizers in Charleston told the
Neu and Courier yesterday that they cannot
make any rebate or discount, and that their
agents will be instructed to collect their
accounts as usual. They say, too, that they
would lose less by occasional inability to en-.
force payment, than they would lose by &C.
quiescing in the notion that their bills are to
be readjusted each season that the crop is
less than was anticipated. The profits are
not large in any event. Last year the cost
of manufacturing commercial fertilizers was
from $3.50 to S6 so more than in previous
years, and there is no room for reduction
in price if there were disposition to consent
to II