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The Pamphlet Collection of Sir Robert Stout: Volume 30

A Fundamental Question Answered

A Fundamental Question Answered.

Why should credit be given? Why does the purchaser of goods require time to pay for them in? It will be said—because he himself has engagements to meet, and a reasonable breathing time is only fair. True; but supposing those who are in his debt pay him in cash also. Then would it not be as easy for him to pay ready money as to pay many months afterwards? Certainly it would, and it is a general system of cash transactions that I am advocating. As a matter of fact, if every one were to pay on delivery of the goods purchased, there would be no harder struggles to meet liabilities than there are at the present time.