The sun., 1895-05-26
WOMEN TALK ON FINANCE.
CASH on CREDIT DEBATED AT THE
WOM1iN'S pOLTTIC.fL LEAGUE.

WOHhN'S fObfffCsiL 1SAoOb'
The Debate Intsrrpp,es while the Women
TRY 90 Decide What Cash Menns-The
Merits OF = shopping List Explained.
Cash or credit. the public and personal advan-
tsges OF either system. were discussed on Friday
morning by the womans Political League, be-
ing n continuation Of tho debate on sound cur
rency which has occupied their attention for
several weeks past.
The first paper read demonstrated the advan-
tagcs Of the caeh system. referring to the dis
count allowed for the payment Of casn and tho
distinct gain TO the purchaser under such circunl-
stances. THE person who pays cash for what he
buys" said this lady, spends less. and gets more
for his money; moreover he is ofttiincs restrained
from making perhaps unnecessary purchases
merely because they cheap. or what are called
good bargains. We all know that we are muc!,
less apt to indulge our fanocs when paying cash
for articles on a shopping expedition than II
wo simpy have TO order tho articles TO be
charged and sent home. The day Of settlement
has TO come under the latter conditions. and II
10 usually an evi! one.
Contractors usually charge tho Government
higher prices than they charge private parties.
because OF tho delay attending the matter OF
payment. Under all circumstances prompt pay
ment is considered OF inestimable value. and II
things could always be conducted on cash
basis II would be great blessing to tho coun-
try"
The advocate OF cash m maintained that cash and
coin were not synonymous that payments made
in bank checks were regarded as cash, and that
q payment made In from five to thirty days
after business transaction had taken place was
regarded as having been made In cash. Occa-
sionally, though. cash customers had TO suffer
for the delnquencies OF those who managed
things the credit system. The best Rrocers
L. Ma vor cit hod drptt tnd tn tlo oknr
she sad that they were constrained To ask the
highest prices for things sold to their cash GUS
TONERS because OF the delay in collecting money
from the people who dealt with them on credit.
The member who spoke in favor Of the credit
system said that most of her arguments were
destroyed by her predecessors definition Of cash.
A cash payment she regarded only rs payment
mado the epot, and she meant to speak Of
checks and bank notes in distinction to paper
currency coin. She held thnt the real curren-
cy Of this country was credit, and not cash:
that when person gave check to another in
settlement Of q business transaction that check
was merely q voucher for that persons means
OF payment For numberless reasons the use Of
paper was more economical than the use OF coin.
Metallic currency was really necessary only for
foreign trade.
u THE value Of all currency not coined depends
upon the confidence OF the people In the means
that does % not TSe
MY definition Of cash may not be the diction-
ary definition, but II Is the business definition"
said the member who had advocated cash. II
am certain that in business circles anything
paid for by check within month is regarded as
having been paid for in cash."
There was some controversy on this point, and
few hints regarding parliamentary law and
the advisability of conforming to Its dictates
were delivered from the chair to certain i'm
formally without first addressing the presiding
officer c.,, o.,.,., x-,.
gracious, permission being accorded. she said
payer must naturally be OF inestimable value in
"A factor, for instance, loads a ship with
cotton. !. le must walt until that cotton
his business transactions. things would be at
astnndstill; instead OF that he receives his bill
I'm trea Rs
his shipment. Then. again, In the matter Of
tn tuna e ao
The banker says: We have a friend over there
glad to Get 1t back. Al exchange is made.
rapidly and conveniently. by such means which
credit is preferable to cash"
sS9a Be- 70
thoroughly whether or ,so not We interpret the
TERM caSn 10 mean an 1tumeUlAtc LtAQAIcF OF
money" suggested a voice.
II think Il would be ad yisable for each speak
or to stipulate what basis her views are founded
upon"
i and then e ,hs ; visitor from .he West Tho III
FREQ coinage asked permission 70 speak.
Madam Chairman!' she began earnestly;' Il
sow .he money TO do it, The League laughed
h:sEty a. .ha .his EeD, on u INV, ,een # demon.
Btrated by my own experience and that Of my
neighbors that it is better to borrow the money
chase certain articles in large quantities. rather
than pay the extortionate, prices demanded for
eGsS ana s Family suppes
the cold weather is over the Western farmers
sS Sa s sa Ryy TO sesTS hsm 5s "a. '6
curing necessarles. Under eIistine. conditions
Visions they are obliged to buy and T the tool.
they are compelled to have even If they have to
side. Time" said this member, Il consider a
payment often involves a great loss OF it. II a
Inc feT bes
desk. registered paid for. and her Change re- re-
turned TO her, she must waste hours OF time.
be the sps
Certainly the credit system is blessing In this
Perhaps the last speaker is not acquainted
with shopping list" suggested en- advocate for
cash 81 III go to buy number ~ Be @ Of articles, RI ma
flower for my bonnet. or a piece Of ribbon,
get o shopping list from the superintendent.
have. all the articles recorded and pay for my
purchases In bulk when am all through. In
that way lose no time"
AS understand It," said q lady who had not
ppoken before. :. we are trying to determine which
Is best for public and private interests, cash or
credit. want to speak OF one instance. o very
large instance where credit Is absolutely tndis-
pensable. 1t Is when the Western wheat raiser
wants money TO pay Off the large number of men
he has to employ, and money TO buy provender
for his numerous teams of mules. He has from
fve to ten thousand acres Of wheat TO harvest A
team, with him. means ten horses. five men, and
six burrows. Those wonderful machines for facil.
itating labor pass through the growing grain
fields, and have the wheat measured, weighed.
close of that day the wheat grower can 60 TO
the warehouse. ana borrow money on tho pre-
Rumsd value of hts wheat to pay the many help
dependent on HIM. Were It not for the credit
system II would bo weeks and months before no
could get hold Of any cash. for after the wheat
the warehouse until tho Great Southern Pacific
chose to carry It,"
But" urged voice in favor of cash. "if tho
farmer would save money enough TO carry him
OH one year without borrowing IL would be o
great advantage to hin, and mako him indepen-