The Calumet news. [volume] (Calumet, Mich.) 1907-1938, 1912-12-24
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:. CREDIT !.
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Although four out of every five use
credit few realize how closely con-
nectcd this word is and has been,
with the fundamental functions of
progress. That mighty word upon
which has hung the fate Of nations
tho mighty power which moves the
world, without which our great rail-
roads. our stupendous manufacturing
interests, our colossal agricultural
enterprises could not operate. our
food-our very maintenance derives
it's inception from credit-the poorest
mechanic, the farmer. the profession
al man. the captains of industry, all
owe their existence to its employment.
Look at our great mercantile estab-
ishments today-bisiness interests
involving millions, yes, billions of doh
lars, revolve upon that mighty word
Credit--the lever that can overthrow
nations.
Let us see how Webster defines this
word: TO believe, to trust, TO have
confidence in 1t is the Multum in
Parvo of the English language, the
much in little.
From the earliest ages of man he
has been addicted TO barter, to trade,
he has accepted the word of the buy or
i'm promised payment of the debt If
the amount was larger than the buy
CT possessed, or cared TO pay at the
time. even though he did possess, he
accepted payment thereof in partial
payments. Biblical history tells us
regarding payments of debts divided
over years following upon the harvest
seasons. Great war indemnities have
been and are paid over periods COW
ering years. credit being employed in
every case.
God i'm his wise discretion has de
creed some to be captains. some to
be wurkers-the men of brains and
the men of Drawn, one to give cred
il, tho other to be recipient. What
has given our glorious United States
the world widc prestige today that we
enjoy? The millions of comfortable
homes made possible by liberal cred
our nation, who in times Of war or
peril fings himself in the conflict
he who offers himself as a sacrifice
why? Because he loves his country,
his home Why does he love his
home? Because he is not down trod-
den, existing on a mere pittancc and
living i'm a miserable hovel ekeing out
a still more miserable existence. No.
Thank God. No--he enjoys comforts,
a place to go after his hard days
toll: he enjoys the comforts of life;
his wife and children can mingle with
proper associates. It's Credit which
make this possible. Credit enables
the employer to carry on business on
a Target scale and as "A consequence
employ more men. Credit extended
by the clothing houses, the furniture
houses and nearly all retail establish
ments, enables every wage Garner TO
enjoy that which his earnings no not
permit, but which his word of honor
permits him to acquire and his earn
ing capacity enables him TO pay in
small amounts weekly or monthly. as
the case may be. Many good bar
gain may be taken advantage of by
the use of credit which otherwise
would have to be passed up by those
not having ready cash there and
then. Profitable investments OF va
rious kinds originate through credit.
While the use of credit may he
blessing to the buyer, the abuse OF
credit is disastrous not only to the
buyer but TO the seller as well. But
SO IL Is in other things also. In every
walk of life. penalties In various
forms for an infringement Of the
laws are inflicted. Abuse the conf
dence your fellowman placed in you
and punishment will follow just as 1t
would through the abuse of eating and
| drinking. Common sense must be APP
piled to credit as In other things.
Credit is "a great power and the pro-
aggressive, the man who does things