El Paso herald. (El Paso, Tex.) 1901-1931, 1920-08-21
PAY UP DAYS" ARE NECESSARY
IF BUSINESS is TO KEEP GOINGI

DISBEE, ARIZ, is to have a pay up week. What a splen-
did idsz! As the Bisbee Daily Review points out It
nay result IN everybody arriving in the end at where ne
started, but the net result is all around solvency and conf1-
Gence. For instance If Jones owes Brown SO and Brown
owes Smith SO and Smith owes Jones SO the money passes
non debtor 10 creditor until II fnauy reaches Jones agA-
But everybody has been paid Credit IS Ieestab1shed. Con
hdence goes up. The money is kept fluid and after al
that is aboul al there is to b"usiness-mak1ng a living and
laying ID a little surplus for community improvement.
Failure to pay hurts everybody. If the consumer for
instance, does not pay his merchant the merchant can't pay
the wholesaler, the wholesaler can't pay the factory the
factory can't buy any more raw material and can't finally,
sell the wholesaler any more goods Thus the wholesaler
can't sell the retailer and the retailer can't hand goods from
empty shelves 10 the public.
It most Of our business must be done "on time" But to
keep credit where it belongs and to keep the wheels OF IN
dustry going, there should be a pay day for the business
men as vel as for the employe.
Gambling on the Mexican side Of the border has been
hurting credit, because It has diverted funds from legiti-
mate business to anti-socal businesses.
MEXICOS PROMISE TO STOP THE GAMBLING
vi SOON BE REFLECTED IN BETTER CONDITIONS
ON THIS SIDE, IF d IS KEPT
The men who have many small and scattered obligations
financial wizards have said, can improve the situation if
they have some collateral BY making a loan that VIII cover
those debts. Then the one large debt can be retired weekly
OF monthly or piece by piece, it can be reduced as the paper
is renewed. It is better to have one creditor for a large
sum than many for small sums if one has the security with
which TO obtain q LOAF.
There is as is pointed out in the Arizona city, too
much Of a tendency in these days Of large earnings, for
the sslaried man to say scharge it." feeling that his pay
check VIII amply cover the obligation when he gets ready
to meet It. When time to pay comes, the man in debt is
surprised at the size Of his bill. He finds he is not IN a
position to pay. he fails to realize that his is one Of the
"bad accounts7 then, which must be taken into c~onsidera-
ton when the price is made for the public and which adds
to the cost Of living for all Of US.
Credit is a necessity. But It should not 1e abused. The
old custom Of everybody paying up on the first Of the
month, OF oftensr, can hardly be improved on. A lev extra
Hpsy ups days VIII do no harm.
Here's good luck to the santa Fe Northwestern, New
Msico's new railroad.
Those rains the southwest has been getting are fine.
Il We could have them distributed evenly over the year
wouldn't It bs fine?
Santa Fe Is getting ready for her fiesta to be held the
middle Of next month and it is going to be a big party.
-o-
The man who is willing to come to FL PasO if the mayor
viii send him the fare Is less fortunate than some Of the
people already here. The mayor might pay the fare OF
loms Of these If they would leave.
o
It is too bad Tennessee can't satisfy both sides By vot-
ing both for and against suffrage.
The San Francisco fire captain who deliberately saved
his vie from a fire proved that there is such a thing as
lcve after marriage.