Making a Fortune without Capital.

Cromwell Argus, Volume 2, Issue 95, 5 September 1871, Page 6

Making a Fortune without Capital.

A West Coast paper has the following clever shit on the way in which business is too often conducted in ' New Zealand, and, for that matter, in not a few other plaees : "Mr Bolter (on his return to the West Coast) will lecture on ' Finance, or the Art of Making a Fortune without Capital.' Mr Bolter will give several instances where this has been accomplished. A (he says) buys from B five tons of flour on a month's acceptance, at £2O a ton ; A then sells the whole to (7, at £l6 cash, and buys ten tons of sugar at £3O 10s a ton —the terms being one-third cash, and the balance by bill. A opens a store, and gets it well stocked by D, who takes a bill-of-sale over it to secure himself. A realises on the grocery part of the stock, and meets B's bill for flour, from whom ho orders twenty tons more, upon the sanio terms as he "obtained for the first lot. By selling a portion of this at 25 per cent less than cost, he meets Cs bill for sugar, and C, having the greatest confidence in him, sellafifty chests of tea and ten quarter-casks _ oJbrancly upon terms. A then pays a .notion of the debt due to D, who holds a bill-of-salo over him, and doubles his orders. Ais now in a good position. He realises upon the I whole of his stock by selling for cash at one- | third off the market price. He then takes a i cabin passage, and in another colony is enI abled to start as a capitalist. Ms Bolter I luraaolf i" a capitalist.' 1