Show new e W TV business U Ce departure after testing the cash end credit system stem for some years this firm has come to the conclusion that a cash business is the better for both customer and seller on and after september 1 the price bleat grocery co will go on a CASH BASIS and sell for CASH onla on v tso too explain the merits meri ts of tho the moc mo c we e are malting we give g ive below the following article that fully shows both the position of the i azpr and the retailer CASH VS CREDIT in the past we hare wire had those two on trial and we wian to tell you of our verdict in tho the mirat place ahat ii cash and what is credit business you come into hocur our store and ask for a dollars worth of bonds gonds wo we hand them thein to yoa anc vou a dollar in legal tender you have exchanged your money for merchandise and we have echanes echa ned our merchandise money you have got what you wanted and we have r cot qt what we wanted nh uro s and the transaction ie is alost d for or 11 time that 4 3 a cash transaction another c customer stomer come in asis us lo 10 charge it to him we believe his credit IN i goodard good and hand him over our goods and a bill the amount ve we have charged lit him m with on our books he ile gives us exchAnge in nothing we have no acknowledgment of the debt from him or any written promise tu to pay our bookkeeper then puts the tile enty through tile various of bookkeeping and anti at the end of the month randers rt adera him a statement of amount along with pr hips other items he lie may not be in a position a to pay it them the and at the end of another month we sand send him another statement and for three bit on or nine months ns the case may be we have to include tho the amount in our monthly balance balanco and send him a statement each month then pe i he tie pay u it and we have to pit put another entry through our bobki and cra credit cradit dit his accod it with the pa payment to balance it or perhaps ho out to bo be a dead beat and never pays it this is a credit you can e easily seu see which of the two w atil ny of doing ing business we e conid prater prefer of course courie credit has a certain place in bi bjoin esi and during the tile past we haye have found that credit has often of ten ben be n given here liere it has been a necea necessity sity and it has his bei been our lot to carry carryover over many a man until he was able to square up this condition has gradually been chang ing the last few years and people are now better ablo able to pal pa cash than the used to bep be aej as a general rite settle menta ments are more prompt and shorter terms of credit are asked for on the other lund we have found that credit has too tco often been abused men run accounts that they arc art t able abl to pay an I 1 some without the intention of paying them in this way WB we have lost hundreds of dollar dollars and have dobem of accounts on our t books ks that we would be glad to sell at 25 cents on the dollar cur experience in the tho past has been that when rood goods ara charged they ate paid for if at all in any anysh hire hi re from a few days ta eix six or eight years it ie Is safa to say that no man would ask ue us for gods eco on those terms and if he did we would not give them to him but the fact remains that in nearly every case the teria af f credit exceed exceeds what hit it was expected or promised to be our thi then may be bummed up in a few word words first that it costs cost a great deal more in time trouble worry and mc mcney ney to look took after our credit than our cash budine 13 that there are mimy long delays in payment ament and arid many losses from aon rion payment in the credit business none of which occur fn the cash business and anally that from our cur standpoint san P dupoint sell ing for cash is 1 the only safe way of 0 ilo do 1 ing boains bu ains sr lit iii fact we believe that supposing that we aro are doing a business bu one third credit and two thirds cah cash it would pay us better to do a quarter clif arter leaa less total business if it were nil all cash so much for our the que question tion but alao also from the purchasers stand po nt wo we believe that cash pay pays best I 1 iho he merchant can give you better value for cash you have no debts to worry about bout aou a are not bothered with dun nors aej oi ot are not likely to buy you you doit do it want nowa we believe the time has corne come for us if it not to cut altogether the credit busness to at least curtail it very much aul put it on oil an entirely different basin basis to the tho c aish ah trade an an inducement fir f r you to pay pity cash un tin I 1 to g give lve the cash buyer tr 0 a advantage that is duo due him over the credit bu er wo we will offer you it discount of 5 t per tr r chit on oil all purchase sets in our store at any time or when your cash purchaser amount to VO 20 wo we wll will give you one dollars worth of amis free to keep trick of your cash purchases we will give you a printed f ash fash register receipt with each purchase and when these amount to 20 and arid are returned to ua us vc ue will s ive you oe one dollar in goods now about credit cradit cra dit we WO consider that no nun man h ina his is a right to ask credit who cannot give god go al security if re buind fur for all he fie owes and that three months is quite long enough for any account to run without settlement when we buy goods from our wholesaler for a largo large proportion of them we have to pay spot cash in a few day from date of invoice on some lines j we get a small discount for rt nt cas cash h payment or are allowed a little longer longe time in which to pay without it any discount then it if wo we cannot pay when due we have to give our notes with interest now we propose making the same arrangements with our cua cus we will give you the discount for or cash that we have already mentioned if a mans credit is good and he can put up ample security for what he asks from us we will give him hirn credit for a limited amount and for a period nol not to exceed three months if the account is 13 not paid by the end of three months then he enst give us hid his note with interest fir the abou amou amount n L alm further credit will then hae to be arranged personally and will depend entirely on circumstanced dont you think this is ream reasonable we are going to make this a rule ot our bu business viness and arld we respectfully request those who C accounts standing with lu tu to sign and id i return the notee notes wi we will solid them thell before we close let us bay may w we are i ii anding this letter to all ali our customers as far for as possible and we hope ro vo or ore wilt wili tte offense but wll will apply lo 10 vea only that part concerns th m in inclusion wa wish to take I 1 this thi is opportunity to thank all our friends and customers for their fre nerous support in the past to asure them that it is and ani will always be our desire to cupi ly them with only the beet best quality of goods at the lowest possible price and to remind them that they can help us materially mater tally I 1 in doi doig g this by endeavor the alwaes S to pay cash |