. At the prices for labor which formed the basis upon which the cost of the goods was figured, an ordinary brass founder could make per day, and a very good man could make Philip Corbin, however, by hiring two boys to help him at a wage of 75 cents per day and working both late and early, was able to turn out work which, after paying the boys, would amount to from six to seven dollars per day for his ov/n labor. To him, also, fell the correspondence, the collections and care of accounts and the keeping of the ledger, broth
. At the prices for labor which formed the basis upon which the cost of the goods was figured, an ordinary brass founder could make per day, and a very good man could make Philip Corbin, however, by hiring two boys to help him at a wage of 75 cents per day and working both late and early, was able to turn out work which, after paying the boys, would amount to from six to seven dollars per day for his ov/n labor. To him, also, fell the correspondence, the collections and care of accounts and the keeping of the ledger, brother Frank being chiefly employed in the production of goods. LIFTING HANDLES, OLD CATALOGUE 26. THE first traveling salesman for the concern was Mr. Henry , the new partner, who had previously done some work ofthis kind for Doen, Corbin & Co. and made three or four tripsduring his connection with the firm. In the early years of this business goods were sold upon long time. Thecustom was to make settlement twice a year — in January and July — acceptingin payment of accounts notes payable in four months. Customers wouldnaturally defer making purchases until after the settlement period and thenbuy heavily, and the result was that on a large share of the goods almost ayears time would be given. To hasten payment, manufacturers were wont toallow a cash discount of five per cent, at settlement time, or one per cent, permonth for later prepayment of the notes. There was but little money incirculation, and a quick return upon capital such as is demanded to-day was notpossible. This made it correspondingly hard for a new concern with limitedmeans to make rapid headway. I
Size: 2884px × 866px
Photo credit: © The Reading Room / Alamy / Afripics
License: Licensed
Model Released: No
Keywords: ., bookcentury1900, bookdecade1900, bookidhistoryofhou, bookyear1904
