and gaiety of heart, enjoying his home as a man ought, who works to maintain it; and the sunshine of prosperity pervading every room of it!

Thousands and thousands of homes have been ruined by the credit system. The only means of averting such disaster is the exercise of strength of mind in resisting the temptation. This involves a splendid, but extremely costly, education in moral fortitude, to those who possess but little of such strength and have to acquire it by long and sad experience.

The meanness of it.

It might help some to resist running long accounts if they were to realise that doing so is really borrowing money from their trades-people. Yes, madam! That £5 you owe your laundress is just so much borrowed of the poor woman, and without interest, too. And can you bear to think of the anxiety of mind it costs her, poor, hard-working creature; for how can she tell that you will ever pay her? There is your dressmaker, too. How much have you compulsorily borrowed of her? You owe her £100, perhaps. And for how long has it been owing? You pay £10 or so off it, and order another gown; and so it has been going on for years and years. You don’t see why you should have to pay your dressmaker money down when your husband never thinks of paying his tailor under three or four years.

“Two wrongs.”

Well, two wrongs never yet made a right, and the fact that men of fashion never pay their tailors until they have been dunned over and over again for the money is only another item in the indictment against the credit system.

It is undignified to owe money to any one, and more particularly to one’s social inferiors, but this view of the subject is too seldom taken. Can any one dispute it, however? We badly want it to be made plain to the eyes of the whole community.

Increased prices.

One disagreeable result of the credit system is the raising of the market price of commodities in order to cover the losses resultant to the trader. Not only do bad debts occur, which have to be written off the books, but being “out of one’s money” for years means loss of interest. Those who pay ready money are sometimes, and should always be, allowed discount off all payments, but even when this is done it does not suffice to meet the claims of absolute justice in the matter, the scales of prices having been adjusted to cover losses owing to the credit system.

The sufferers.

Tradesmen have to charge high rates or they could not keep on their business, and the hard part of it is that the very persons who enable them to keep going by paying their accounts weekly are those who suffer most from the system, paying a fifth or so more than they need were all transactions “money down.”

The other side.

And now for the other side of the question. It has often been said that tradesmen like customers to run long accounts. Let any one who believes this buy a few of the trade papers, and see what they have to say on the subject. Let them visit a few of the West End Court milliners and ask them what their opinion of the matter is. Let them interview the managers of large drapery houses. They will soon find that the tradesman has a distinct grievance in the credit system. Here is what one dressmaker says, and she is only one of a very numerous class, every member of which is in exactly similar circumstances.

A dress-maker’s opinion.