Deseret evening news. [volume] (Great Salt Lake City [Utah]) 1867-1920, 1893-05-27

u cannot he denied that there are
many storos In Utah today that are in
an embarrassed condition, and the
managers thereof do not know how
to extricate themselves without dis.
honor. They have become Indebted
In too many directions. Persistent
"dfummers," sanguine that Utah,s
people win pay their debts, have by
methods known to trade crowded upon
the unsophisticated and inexperienced
buyer or dealer goods In excess of
necessity, and many such pur.
chases have Ind to be paid for
with money which really belonged
to the home house or firm,
which has given accommodation and
credit for months and years before.
Thirty or sixty days outside, In busi.
ness, means thirty or sixty days only,
whereas 1t has been assumed 10 he
three or elk months at home, or longer
II this was inconvenieht. Further,
trading abroad has been indIscrimina,e
or with many firms, as though the
moral courage TO say "Nop was not
within the range of buyers vocabu.
larry.
That this feature has exhibited Itself
In several late ASST nments il probably
not to be wondered at, for even large,
shrewd and experienced men OF bust.
meas may fall into the same compro.
mising error. A prominent case Of
this kind occurred In this city but a
little while ago. Friends aud rivals
were equally aston nded when the
balance.sheot was published that 30
large an Indebtedness was made up Of
so unusually numerous small ones,
but one or two accounts of
magnitude appearing In the sched-
uie with total Of nearly
sl2O,OO0.00. Another local collapse
made AN exhibit OF indebtedness
amounting to 81 100000, with list OF
seventy creditors; while still later
one had n list OF flny-dve creditors for
an indebtedness Of $1,000. 1t 10 easy 10
realize that this Is all wrong, although
In the latter cases they we've mixed
stores; and the same condition wher-
ever II may exit must be looked upon
as evidence of weakness, of ignorance,
In fact OF danger, anu 1t might almost
be sali Of failure; for when money IL
scarce the small sccumulatlons OF
daily business cut no figure in pay
ment n DIVIDED, and II given to but
one or two dissatisfaction ensu,s;
some more Eesolute or needy creditor
than the others, In seli.defense crowds
for payment, and the unsubstaniial
fabric falls TO the ground, assignment
comes as u consequence, forced sale OF
goods affects an already trembling
trade, legal expenses eat into the pro-
ceeds and every one concerned Ia the
loser.
Now, had any of these Arms noted
been satisfied to deal with but one or
two wholesale dealers payment OF n
few hundreds or thousands in the
larger case wouiI have counted some
what, and there might have been
patient advisory sympathy or aid, and
so financial salvation. 80 long as
credit prevails, such trade, concern
trated and confined, would have been
worth looEing after and preserving;
but series OF accounts lin a failure
for sl2O, OOOl which run from n couple
to i've hundred dollars Is not worth
certainly not worth much Gull
tivation.
1t would pay many OF the stores In
this Territory to set limit to their
buying, to learn to say emo" to a
pressing "drummer," to fully sense |
that goods bought on thirty and sixty
days should be met us promptly with
4 local as distant firm; to see that
goods bought from u distance (if short
time goods, like groceries, etc.,
are due before they reach the
shelves OF the buyer; that often quan.
titles have to be bought which are be- !