"Newburg, N. Y.
November 1, 1910."

Regarded simply from a business viewpoint and without considering
ethics, "Honesty is the best policy."

Bills, where possible, should be promptly paid.

Prompt payment is a guarantee of credit and credit is the heart if
not the soul of business.

Never, if it can be avoided, buy goods on the installment plan.

Be sure to get a receipt for all payments you make, and be equally
sure to keep the receipt where you can find it.

Examine all bills and invoices; compare them with the goods
received, and no matter what your faith in the seller's care and
honesty, calculate for yourself the price of each item, and be
sure that the total is correct.

DISCOUNT IN TRADE

It is a business custom, when a bill is paid before it is due, to
allow a discount. This may be the legal rate of interest, or any
percentage agreed on in advance.

Sometimes wholesale merchants or manufacturers grant esteemed
customers, in consideration of prompt payments, a discount from
the regular prices. This is known as "trade discount."