Page 2 Advertisements Column 2

Daily Telegraph (Napier), Issue 4935, 9 June 1887, Page 2

TRADE _CHANGES WHAT a mess we have got into Never in tho twenty-two years' experience of NEAL AND CLOSE UNIVERSAL DRAPERS AND OUTFITTERS, iHave . there been so many failures an ' arrangements as at tho present time. In 1865, when , NEAL & CLOSE GENERAL IMPORTERS, Commenced business, and up to the las few years, trade was conducted on lionet principles. The commercial men wh visited Hawke's Bay in those days pro nounccd our province to be the soundes and safest for trade in the whole colon} But of late years everybody has been com plaining - about the change of trade to whie we have been 'treated. This has bee: perhaps owing to elements which had t clear from elsewhere' settling in our tow with a great display of posters and gushing of untruthfulness, 'the last comer trying t out-do the other, with keen competitioi cutting down prices of Goods below cost but after the lapse of a few _ months bill become duo ; then application is made for : portion to be renewed for a longer time thus enabling thorn to get more time an< heavier into their creditors' books, mean while all the time thinking of NUMBEI ONE, and making provision for true lovi and affection in domestic affairs, living comfortably, and enjoying life delightfully until the term of renewals expires, and nev , liabilities come due. Then a meeting o creditors is the result, and affairs are lai< before creditors, nicely cut and dried, witl an orfer as late cases of ss, 6s Bd, 7s, 10s lis 6d, 13s 4d in the £1, and extended timi allowed to pay such offers in. These offer ' are flaunted in the faces of creditors, anc they without due consideration for tin welfare of trade or the protectioi of honest; traders are hoodwinked t'< accept, thus giving advantages of whicl debtors are not slow to avail themselves si as to make capital out of their oreditors and go away rejoicing at being let oft' s< easily. They do not feel any moral bbliga. tion to their creditors, and having wrough so much mischief in the past they promisi nothing better in the future, but make £ fresh start, and conduct business on thi same cutting principle as before for auothe: short term. Then again creditors arc invited to meet them. Such trading is mos demoralising. The honest traders have n( protection; thoy are heavily handicapped by having to compete against those whr make a rule to compromise. However, tin hone3t trader who has hitherto traded witl unbroken credit, who has paid Twents Shillings in the £1, is entitled to sympathy and support from those who value truth honesty, and straightforwardness, and more especially from the wholesale trade, whe should abolish the vile practice of dating forward and-'giving continual renewals, thereby making credit too cheap and alsc inducing many to commence business witl: insufficient capital, thus injuring what maj be termed legitimate traders, and causing profits to be cut down to nothing. When trade is robbed of its moral element its virtue is gone, and that is tho state tc • which it has been reduced lately. It is therefore a matter of sincere regret thai trade should be so conducted. The remedy should command the attention of the Wholesale Trade-as'it deserves, and be treated in like manner as in Parliament. When there is No-confidence, stop supplies audkick them but. Thiswouldproveabenefil to the honest trader, and be enjoyed by the wholesale trade. It would ' also restore trade to its proper standard. However, the situation resolves itself simply into one of money with NEAL & CLOSE, DRAPERS. To those who have not settled their Overdue Accounts NEAL & CLOSE IMPORTERS, Again invite a settlement forthwith, it being absolutely necessary to provide for present wants, as NEAL & CLOSE'S resources are drained to the utmost. NEAL&TCLOSE,: OUTFITTERS, Don't profess to compete against such tactics as are used at present and give unlimited credit. Thus, to enable NEAL- : & CLOSE, IMPORTERS, To keop their name untainted and to maintain the ' honorable position of .paying twenty shillings in ' the £1, Customers are informed that it is of vital importance that Accounts be paid promptly. . If such is not to be the rule NEAL v & CLOSE'S UNIVERSAL DbAKERY AND, OUTFITTING BUSINESS and Establishment,' one of the Largest Retail Premises in the the Colony, must pass into the possession of other hands, Meanwhilo NEAL & CLOSE, IMPORTERS, ' Will continue to supply Drapery, Glothing, Carpets, Linoleums, Boots'and Shoos, of the Best Quality and Sterling Value. NEAL One and Sole object during their term o'j twenty-two years' business has been to,. benefit the Trado and to promote the best interests of their Customers. NEAL &~CLOSE, UNIVERSAL DRAPER?, AND OUTFITTERS. GREAT CASH. SALE OF MEN'S, YOUTHS', AND BOYS' ' CLOTHING. BLYTHE'S DRAPERY IMPORTING COMPANY* Having determined to Re-organise their CLOTHING DEPARTMENT, Will, as a first step, Reduce their Entire Stock of Ready-made Clothing and Hats to COST AND UNDER COST PRICE. EVERYTHING MARKED IN PLAIN FIGURES. ! Suitp.. f . .. For Men, Youths, and Boys Trousers and „, Vests : V it ■■'■<:»? ' • » Trousers ■•,.„■■• Overcoats ' » 11 ,',' Waterproof Coats „ " ,' BOYS' NICKER AND JERSE V SUITS .' All our Choice Stock < >f colonial-made clo' thing : : &- at mill pricics ! no reserve i-no exception! a sweeping clears .nee at .-.-,-. Sweeping reduci .tons bor cash: ; BLYTHETS DJC. SALE NOW ON I—SAJJE NOW ON ! nprw.;oo3s^sT '-■ AND C 0.," WATCTHMAKERS, MANUFACTURING AND DIAMOND MOUNTERS, Hastinos-steeet, Napiee. THE NEWEST AND MOST UNIQUE STOCK OF WATCHES, CLOCKS, JEWELLERY, AND ELECTROPLATE ■IN TOWN. Buying for Cash, We are Enabled to Give the Best Value. SPECIAL LINE.' Gents' Silver Hunting English Lever •■:■'■' Watch, £3 10s, two years' Guarantee. Every Description of Work Done on the - ■ ' ■ '.•'■: Premises. PRIZE MEDALS AND TROPHIES 1 ' MADE TO ORDER. ' .' Pirst Prize H.B. A. and P. Society's Show FOR OUR OWN MANUFACTURE, i i Our System of Time Payments Carried on ' As Usual. • NEW YORK LIFE INSURANCE CO _ [Established' 1845.] ONE YEAR'S TRANSACTIONS , ' 1886. ' J Policies issued 22,027, covering £17 000 000 Ditto paid .. ~ 1*525 450 SIS?? w?nß J pai ? •'■' •'• 'ssi'ooo. Interest received on investT«f,V? nte - * / 7 «> 500 lotal lecerpts for year .. 3,850 000 Accumulated Funds on 31st Dec 188G 1 ,-.. ■ £15,712,802 Stg., 'J . beforelnsuring c Ascertain the value of a Contract with the I New York Life, whereby tho Assured is freed from all' harassing restrictions, and I accorded privileges and advantages unobtainable elsewhere; and secures an invest-ment-r-giving; compound interest at savings bank rates—with insurance throughout the fi period for Nothing. . . JOHN CONYNGHAM MoCAUSLAND, ''•.■"''•".' '■''■ District,-Ageh't.- '■■ ; '■■',';'■■ . ■ Hastings-street, Napier.