Arizona republican. [volume] (Phoenix, Ariz.) 1890-1930, 1893-09-02
STEAMER DAY
Was Not Such a Bad
Day After All.
Collections Easier Than
Was Expected.
A Collectors Ingenious Plan
for Saving Sole Leather.
A General Clearing House Assooia-
ton Not Quite Complete In
All It's Details.

The steamers arrived in port yester-
day. Though they were due there was
a sort of foreboding that no other craft
would appear than disabled sailing yes
sells. To those strangers unscquainted
with the patois of the coast it may be
necessary to explain that steamer
day" is the first day of the month, the
day on which it il supposed, sometimes
enormously, that all bills will be set
tied.
Concerning the origin of the express
sion there is doubt it may have some
relation to when my ship comes in"
significant of expected prosperity.
though perhaps to the more prosaic GER
tainty that vessel in port naturally
creates temporary commercial ac-
tivity.
Business men and collectors were at
their places OF business early yesterday
morning emulous of the early bird. 1t
had been predicted that the early worm
would not be numerous this steamer
day, and there was an early scramble
for his possession. BY ~ O'Clock it
appeared that the entire population of
Phoenix was on the street armed with
we'll filled bill books all were collectors
apparently leaving no body to be COL
lected from. The worst surprised lot of
men in town were these same collectors,
who having iead inflsmed reports OF
hard times in the east, feared that
steamer day would disclose a similar
state Of affairs here. With some
merchants, indeed this impression pre-
vailed to such an extent, that collectors
were not sent out. THE unexpected
always happens" is old but not alb
solutely correct, though what does
happen is some times unexpected. 1t
happened yesterday, for instance that
there was more money in town than
the collectors had supposed there would
be. There was not, of course, as much
as the apparent Indebtedness, but it
must not be forgotten that that in max
ing up the sum of debts, single debt
may be counted twice or oitener while
a single sum OF money is just so much
and by no system OF mathematics now
in use in this world, can be made
to seem more than it really is.
| That ls, a certain sum of mo-
ney properly circulated may he made
to pay an indefinite number of debts,
eacn similar in amount to the single
| SUN vi LuouSy. 90 dIter HI steamer
day this month was much like steamer
day of other months and Phoenix is as
nearly square with Itself as it ever was
when there was no cry OF hard times in
| the east.
A collector yesterday evolved out OF
| the situation q scheme which he calls
the collection clearing house, pro-
ject designed chiefly to save sole leather.
According to his plan every debtor
and creditor in the city shall be mem.
bers Of the C caring house. On every
steamer day they will resort to place
agreed upon. Each man will pay in a
lump the aggregate of all claims against
him and viii be paid in return a sum
equal in amount to all the claims he
holds against every body else. Thus at
the close Of the day everything will be
adjusted and all cash and every article
OF value will be where it properly be-
longs.
This is a general idea of the clearing
house, but the collector admits that the
scheme is not quite complete in all it's
details. He hopes to have 1t ready for
trial on October steamer day.