The Paonia progressive and the Paonia newspaper., 1911-06-29
A Letter of Explanation
To the Public

Having tried both credit and cash
systems l have become thorougly
convinced that the cash system is
the better for both customer and
merchant. The credit system works
a hardship to both parties; often
times the customer buys more than
he thinks and therefore it becomes
hard for him to pay and the mer-
chant and patron thereby suffer
loss and must sacrifice something to
person who pays cash thinks he
pays the bad accounts made by
others by paying high prices and
claims he shonld buy his goods
cheaper than the man who buys on
time. The man who buys on time In
buying a bill of goods-as an illus
tration-will say: what will you
sell me a case OF corn for?" the ay-
erage merchant will quote him a
price. say 25c or soc less than the reg
ular price by the can; he takes the
case. or whatever the article may be
and you charge It and perhaps wait
ak months and one customer out OF
Fl We never pays, which the average
merchant charges to loss and gain
and on the other hand the man who
pays cash buys two or more articles
and pays the full price,
The credit system has created a
great deal OF dissa isiaction between
the customer ana merchant, Of
which there seems To be a cOnsidera-
BILE existing in this place and as n
consequence the man who pays cash
sends IA good portion OF his money
away from home. Under the present
system who can blame him.
Cash never made an enemy while
credit often times does. As IL too
oft.'n the case the man who buys on
ak months or years time thinks
ne has been robbed and thereby be-
comes your enemy while credit some
times IL n big accommodation. but
il often abused until the merchant
suffers loss and finally becomes
discouraged, sells his business and
leaves the place. The public thereby
suffers the loss Of "a valuable citizen.
assure you one and all that | ap-
precinte your patronage and trust
he pleasant business relations may
still continue. As the poet said,
Man is measured 10y his soul" The
mind is the standard of the man
Man l.. too often measured by his
wealth In these DAYS.
We do not claim to sell cheaper
than the other fellow but to our GUS
toners we will offer , per cent cash
discount on all items except sugar by
the sack.
There was N time not so many
years ago when almost anybody
could conduct "A business successfully.
Profits were large, help was cheap.
Help was at n minimum and 1t did
not matter SO much whether IA mer-
chant knew what he was doing. All
this has changed, net profit today in
most instances depends on what was
formally wasted and what was for
merly iost by leaks and this Is true
in every line of business fr ON popcorn
vender to the great packing house
industry Expenses have Increased,
competition has cut down the net
profit 80 that the day will soon
come when every merchant will be
compelled to sell for cash. Is per
cent 81 the grocery men make a bare
living. so per cent go broke and only
per cent make any money. What
Ia the reason? The credit system, OF
course.
The majority OF people in this COM
munity realize that 1t costs money to
do business and are willing that the
merchant should have II small net
profit. Why expect the merchant to
loan you his capital to live on with
out interest, unless you make him
your banker? The bank takes your
money on deposit. loans 1t to the
| OF her fellow at n good rate Cf inter