El Paso herald. (El Paso, Tex.) 1901-1931, 1912-10-14
Credit At the Stores


RED1r bought account supposed to run to the
end which the trade made and no longer
~ help his rent his advertising his freight ana
his light and water and 1ue- MS genera expenses ~
And he must remit promptly, in TO-
30 CO. days. all stock for sale The merchants
outlay neither be STAYED off, can be long deferred VIII
injuring running the merchants credit
Consequently and calculations RI the merchant are guIeo
basis of getting paid goods days Of the tine OF sale
Even for the merchant to tie up
Goods and nav out in cash general business before
% anu pay Id for o5s already delivered to him and perhaps already
consumed Every merchant expects of his capital in this way
since the people demand that certain amount
credit be extended The merchant doing figures into
the price goods capital thus tied up all the time credit
Up period mercantile practice does not regard an &C
t as overdue overdue and day the
after the 30 days are up to pay the merchant |hat
his obligation which IS Pg up Inc 'Ieu' n' VIM
to paw what owing really the of the merchant
without permission pensatn rather than lose trade merchant
VIII often let accounts for MONTHS OF even years w ' p = 49,
chant back prices invested capital as the
merchant sustain through POpaying customers 49, ,.
do at all The experienced merchant
because he expects
an % 80 - to shift the burden back onto the public Consequently
prompt paying public the bills Of the less uD0us ones who
There no doubt steadily outlay
average ordinary living is partly accounted for by the almost
generation credit was neither SO common
fashionable Farm folk used because they had to- money was s
and crops banks were practically unknown IN
rural districts country sort Of banking business IN
the off seasons In Cities cash a0g was e
rule among The family OF wage
Garner the little domestic fund IN the house ready
CASH the children with few cents to buy crackers
or IndHng done in person by the mother
zno ODs - sE +ba i nnivsrz E stores have generally
taken the place everybody everything to be
delivered door, nearly at the Pn
stores expecting promptly statement Of account
Without doubt system make both women little
careless about money everybody that It IS lot
harder to break for something
really needed something priced at s. but not absolutely
necessary ChaIge credit the stores
for out OF his months
always hut sometimes the Injuries come
tristan last
In general losses Ooconed
the general public Is obviously
designed at least to reduce
associations in city
logically regarded directly the personal interests OF every
regarded unduy into peoples
personal affairs.
hahitualy
promptly when due viii never be
associations the merchants agencies
It the agencies gradually
build rating community
certain letter number indicating
fairly accurately bills and how much
credit he entitled the call Of
harnembe protection It
that general system interchange Of information cities so that
new any may credit association Of
the town just credit
himself max
reporting thorough and useful to
members
those few persons every community carey Intentionally
receive goods they intended to for
The more perfect reporting system better protection
sured to great general honest
dealings punctua with the merchants fair and