THE DEMAND FOR CASH.

Hawera & Normanby Star, Volume LIII, Issue LIII, 6 April 1908, Page 4

THE DEMAND FOR CASH.

It is quite clear that a reaction, against the credit system has moved the retail traders throughout the Dominion. The. bakers, chiefly, have taken steps to deal for cash, and in town alter, town thty have announced the. abolition of cred't. In Rome places the butchers and coal-dealers have foUewed suit, and these* engaged in theseTbusdiiesses now have the first call xdoi the ready rucney. The positron thus created will naturally have an interest, for those emgaged in other trades whoi, "t may be uxpooted, will not reet cont«at at seeing the hard cash, flow into other pockets whilst their own ledgers keep swelling. Perhaps the movement) initiated by the bakers may develop into a uiiivtfTfaal system. As a matter of convei : cncfc credit is veay valuable indeed, bit it has been abused -very badly. Whilst it is occasionally a splendid asset, enabling a peonscn to carry on operations which hj<. would otherwise bo una'lle to pea*fonn, credit has always been a temptation to purchase things which could very well be done vritiiout. That is perhaps its worst feature It will be interesting to watch the ultimata outcome" of the present agitation. Many big businesses have beau built up on a spot cash, foundation, but it remains to be seen if trade could be \inwersally run tvn those lines.