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Show CASH VERSUS CREDIT THERE is much talk nowa- j days, in this day of keen j competition in merchandising, j about the comparative merits of j cash buying and the use of j credit. J For the public, each system has its merits. However, more -and more large' chain concerns are putting all of their retailing on a cash basis. The standard ailments in favor of this are the avoidance of the spectre of he-ivy debt in favor of the public, pub-lic, and the ridding of expensive book-keeping systems by the business concerns. Credit has a great use in the retail world, and rightfully. No !i- res are available but it ia a known fact that there is a big percentage of the people who prefer to settle their living expenses ex-penses by paying bills monthly, fortnightly, or at other periodical periodi-cal times. If properly U3ed, credit Is a blessing; if abused, it is a curse. Tt can be one of the greatest of menances to the happiness of the average family unless it be carefully regulated. The proper use of credit by the public is a matter which should be controlled largely by , tnc merchant. The granting of txlii credit in a blind unquestioning unques-tioning way is the cause of bad debts, loss of personal friendship, friend-ship, and a falling off in patronage. patron-age. It is a queer fact, yet proven tine and again, that friendship ceases when debts become great. For some reason, a person forced forc-ed to the brink of bankruptcy -ffcel.s a personal resentment to tho;,e merchants who, with only the best of motives and a de-1 sire to aid, granted him credit freely with the avoidance of questions or investigations wilieh might have embarrassed, the customer. Credit lies at the basis of all ; business economics. All of the cash in this country would be of such a limited quantity as to greatly restrict the volume of business transacted. But if! cr jdit be allowed to run ram-1 pant, it becomes a destroying i moiiNter. If one prefers to have It I charged', then iie should settle I promptly every month, thus, nvl'ing his account prized, not n;- r'!y tolerated. |