The Brunswick news. [volume] (Brunswick, Ga.) 1906-2016, 1921-10-18
ONE WAY TO HELP BUSINESS.

8 II
ONE WAY TO HELP BUSINESS.
Just at the moment when a vas
percentage of the business men OF tn,
whole country are bent OH fin.lin:
some way to stimulate the situation
any reference to aids are of netessit1
very interesting.
OF late we have heard many solu
tons for the present, rather complex
state of affairs, bu5 the esteemed &C
lumbus Enquirer-Sun Of Sunday, car
ried the following rather brief editori
al on the subject, which to our way
IF thinking pcontains very large
quantity of common sense and the
remedy suggested is applicable to
every town and city in the country.
It is easily worth reading and nor,
"The Boot and Shoe Reporters tell
us of one way to help business. Ev
cry man, it says, who pays his debts
promptly helps business for himself
as well as for everybody else, and de
clares that this is a consideration
well worth keeping in mind in these
days when money as well as labor
has demanded higher wages-that is
to say when interest rates have risen
The Boot and Shoe Reporter contin
ues:
at is the active dollar that
keeps business moving. The fact
that the great bulk of business is
done by check does not in the
slightest degree alter the truth CT
the foregoing statement. The
check must be backed by value
somewhere. There must always
be a tangible basis for the in.
tangible commodity called credit.
1t does not require any deep
ly-learned dissertation on finance
to convince every practical per-
son of this. Every business man
knows the truth of it. 1t ought
to be considered a duty, there
fore, to keep money circulating
as promptly as possible. If every
merchant in the United States
who does a credit business were
to ginger up the collection depart
ment to get 'the active dollar
habit started in town and then
pass on the activity In the way of
discounting his bills, or at least
meeting them y with absolute
promptness, it would make big
difference in THE general activity
Of business. t H@
"The inactive dollar is Of no real
benefit TO a community or country
that is to say, the dollar that is hoard
ed; the che that is put away beneath
the bricks In the fireplace or hidden
in box somewhere about the house
II, of course, gives the owner of IL
a feeling of protection against adver,
sity, but 1t does not real public good
The only dollar that helps business is
the dollar that circulates from one
person to another; the one that pays
debts and helps to buy food and cloth.
ing.
"one dollar may be made to dc
much work Ia day. 1t can pay hall
a dozen or more debts. and buy food
for the family, and finally IL can help
the man who sold the food to- pay his
debts and in turn help others pay
theirs. and so on.
THE check that Is worth anything
is backed by money on deposit, and
money on deposit Is active. II stands
against the check that has been writ
ten. Money on deposit also is put in
10 the channels of trade. The saw
ings bank takes the money for which
IL pays you interest and 1t lends IL
at interest so as to be able TO pay
you interest when II Is due and to
keep the wheels OF business and in.
dustry turning.
Every person who owes debts and
can pay them should do II. It Is his
duty to the business community To do
1t, He owes II to the man who has ex-
tended him credit TO pay him so that
he may also meet his obligations and
keep his business going.
1T is true that sometimes fellow
gets to the point where he cannot
meet his obligations OF this kind as
promptly as he would like to do. bu,
many who fail TO do Il, can do IL, and
they should.
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PREACHING IT STRAIGHT