Deseret evening news. [volume] (Great Salt Lake City [Utah]) 1867-1920, 1908-01-29
I'D EDTTT "BEWARE YOU COMMERCE
~ MI LII l.. NOT WITH BANKRUPTS.

The custom of trading, exchanging
wares, or fabrics, produce, or other
forms of merchandising is as old as
time itself Abram, we are told was
rich in cattle, in silver, and in gold.
He purchased a piece of land IN Mac
pelah. the first recorded incident of the
transfer of land that we have. Jacob
sent his ten sons down to Egypt with
money to buy corn. The very founda-
ton of this early trade or exchange
was the acceptability Of the deal.
There was an exchange. Money for
land, money for corn. Men were thus
early buying and selling for money,
and exchanging goods and wares. And
so have they ever since been trading
and exchanging the fruits and pro-
ducts Of one country for those of an
other And for this purpose men
have been going down into the sea in
ships and have been occupied in trade
ana traffic of this nature, until today
the ships of all nations are upon the
great highways carrying commerce
under every flag into every known
port. And thus men have formed
and established bussiness enterprises
and are said to have formed "princely
commercial houses Of which the names
are held in honor throughout the
world" There are degrees of course
of these. and now many who are en-
gagged In but very modest concerns
are called merchants but are per-
haps more deserving the appellation
given the English people by Napoleon
when he described them as a nation
of shop-keepers.
The products of the soil are the
surest, safest and perhaps the best
foundation of commerce for a newly
peopled and undeveloped country. In
our own Utah for instance there are
still the fruits. the grains the sugar,
the molasses. the wool, the sheep, the
cattle, etc, to be sold and marketed
AS development proceeds. the earth
yields its wealth of minerals in such
abundance and in such varieties that
the exchange or proceeds Of such ex.
change enhance the richness of
the people and make them
great in the eyes OF the
world. Many we'll remember yet how
the hides and wool and fruits and
molasses We're hauled into Salt Lake
City and sold or exchanged for gro
ceries, dry goods. boots and shoes,
was hauled from the mountains by
oxen and that load had a commercial
value as much so as the sawed tim
Der, Thus men and people are
brought together, a medium of eX-
change is sought, market is found,
trade and commerce follow; The
wherewithal or equivalent for procur-
Ing the desired goods are there and
the trade Is madc and is mutually ac-
ceptable and satisfactory With the
advance of railways, the development
and growth of manufactures the
rapid means OF communication by wa
ter with nations, the comparative
Hu-gN Il. .laN EE.sa
eign markets. crops are marketed,
minerals disposed of and against the
proceeds the merchant through the
banker draws against the funds thus
created. The foundation of all trade
traffic, commerce and business is the
consideration to he derived, tho profit
made. the return for merchandise dis
posed. of must Justify their sale. 1t
follows therefore that there are
CONDITIONS or SALE.
Every merchant knows this and
there is perhaps no essential part of
business In daily use that Is more
abused or entirely overlooked. People
engage in BUSINESS without previous
experience or knowledge concerning
the same, They are perfectly honest
in their intentions to pay for every
thing they buy and that too, perhaps
within the time stipulated at time OF
purchase, but their
LACK of capital. which is a very
fruitful source OF trouble or
2--l.ack of knowledge necessary TO
commence and engage in merchandise
ing.
8-The payment OF unearned or ex-
cessive dividends.
4-The withdrawal from the store or
business of funds for purposes other
than legitlmately belong thereto.
SO handicaps them that they are
forever struggling up To their necks
In water. 80 TO speak with conditions
that they were unable to foresee. 1t Is
OF the utmost Importance therefore, that
the conditions Of sale should be as well
understood by the buyer az they are by
the seller. The very fact Of purchase
implies compliance with terms OF sale,
And II these are not stated specifically
by the seller, Ignorance OF the fact
cannot be accepted as any justification
on the part OF the buyer. Compliance
with terms OF sale within the time
specified is one Of the surest and best
Wayl Of maiHtninlng Il commercial
standing ana reputation. II you buy
sugar, YOU LbLw thar thar article
has 10 be paid for within 10 days. or
you do not buy right. II you buy other
goods on 30 days time, the limit OF
credit on those goods "a 80 days. And
II they are not paid for within the
specified time, your failure to
do 20 inlpnirs your stumbling more
or less with the merchant who sells 10
you. Whatever the time may be- 90
days, or four months, II simply means
60 days or four months time. ana not
90 days or 1--WE months time. The re-
taller has no more right to expect LEM
iency 10 be exercised towards him In
his making payments that are overdue,
than the wholesaler has TO expect his
banker TO grant him accommodations
without security and interest.
Every merchant and every Individual
then, should understand that the main
tanning OF relations Of a satisfactory
and pleasant and profitable nature are
dependent upOn the debtor Batisfyinr