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The Complete English Tradesman (1839 ed.) by Daniel Defoe
page 244 of 396 (61%)
both or all the partners, to the danger of a commission, when they may
themselves know nothing of it till the blow is given, and given so as to
be too late to be retrieved.

All these, and many more, being the ill consequences and dangers of
partnership in trade, I cannot but seriously warn the honest industrious
tradesman, if possible, to stand upon his own legs, and go on upon his
own bottom; to pursue his business diligently, but cautiously, and what
we call fair and softly; not eagerly pushing to drive a vast trade, and
enjoy but half of it, rather carry on a middling business, and let it be
his own.

There may be cases, indeed, which may have their exceptions to this
general head of advice; partnerships may sometimes prove successful, and
in some particular business they are more necessary than in others, and
in some they tell us that they are absolutely necessary, though the last
I can by no means grant; but be that as it will, there are so many cases
more in number, and of great consequence too, which miscarry by the
several perplexed circumstances, differing tempers, and open knavery of
partners, that I cannot but give it as a friendly advice to all
tradesmen--if possible, to avoid partnerships of all kinds.

But if the circumstances of trade require partnerships, and the risk
must be run, I would recommend to the tradesman not to enter into
partnerships, but under the following circumstances:--

1. Not to take in any partner who should be allowed to carry on any
separate business, in which the partnership is not concerned. Depend
upon it, whatever other business your partner carries on, you run the
risk of it as much as you do of your own; and you run the risk with this
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