Daily independent. [volume] (Elko, Nev.) 188?-1915, 1891-01-03
THE INS'TALLMENT PLAN.


finds it much easier to provide his
bride with comfortable home than
did the young men who were called upon
to do the same thing twenty and thirty
years ago. In those days, says the New
York Sun, it was practically impossible
for the young man who hadn't any cap
ital to fall back upon to buy end fur
nish house unless he could find man
of wealth to go sponsor for him. He
had to pay cash for every thing he got
or 60 without. Now almost every thing
can be bought upon the installment plan
and with practically no security. Tho
result is that the young married couple
can start housekeeping fully equipped.
A moderate weekly or monthly pay
ment, which doesn't make a large hole
in the Benedict's salary, is sufficient at
the end of a couple of years to make him
the absolute owner of his house and its
belongings. Twenty years ago it was
thought almost a disgrace to have a
mortgage on ones house, but it is quite
a common thing now. Lots can now be
bought on payment of monthly sums as
low as five dollars, and the young hus-
band will find many real-estate concerns
who will build house for him in the
neighborhood of New York, the pay
ments on which won't be any larger than
the rent which he would be obliged to
pay for house or fiat in town. Then
he won't have any trouble in get
ting furniture on credit for his house or
for his fat, if he has decided to begin
housekeeping in an apartment. There
are plenty of furniture houses, the ma
jority # whose business is done on the
installment plan, and he will find it the
easiest matter in the world to get few
hundred dollars worth of furniture if he
will agree to pay up within a year. The
young man can obtain his tableware
and crockery in the same convenient
way, for the competition in the trade
has driven houses to hold out these in
ducements to their customers. The
young couples library can be well
stocked, too, on the installment plan,
with sets of the best authors works, if
they only know where to 60. Watches
and jewelry can be obtained on weekly
or monthly payments, practice which
has been in vogue for several years.
In fact, there is no end to the articles
which can be bought on the installment
plan, provided they are of durable ma
ture. They remain the property of the
seller, who holds a mortgage until the
last payment is made.
"Our business now," said large furni-
ture dealer on Park row the other day,
sis almost entirely on the installment
basis now. Twenty years. ago every
thing we sold was practically for cash,
but now the house which doesn't sell on
credit can't stay in the business very
long. Young married folks are among
our best customers, and every day we
are helping to start newly-wedded pair
in housekeeping. 1t is the greatest
boon to the young man of to-day that,
without any outlay, he is able to be
master of his own house instead OF talk
ing his chances in a clearinghouse. 1t
would surprise you to see the number Of
persons in all walks of life who utilize
the inStallment system. Even men Of
moderate means prefer to buy very often
on credit, and use their ready money in
their business. OF course, in this bust
ness we have to be pretty good judges of
human nature, but there are rarely very
few whom we refuse. Risk necessarily
accompanies the installment system,
but where the volume of business is
large house can afford to carry &C.
counts for long time. Sometimes a
person falls behind in his payments,
but if he has a good excuse to give us,
as sickness in his family, for instance,
we always allow him more time. In
| fact there is practically no limit set.
AS long rs q man shows an inclination
to pay us we do not press him, and some
accounts run indefinitely.
Sometimes we look up q man or O
woman who comes in to buy on credit
but as a rule we can rely on the judg'
ment of our statesmen, who are pretty ex'
pert in sizing up the prospective custom
| ers. Some of our most interesting call
ers are the young brides that are to be
who often co me bravely in alone to Sc
lect the furniture for the household
They usually get along very we'll unit
it comes to giving their names. Their
they hesitate, stammer and blush, be-
cause they don't know whether to give