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Editorial
August 11, 1927
The Bamberg Herald
Bamberg, Bamberg County, South Carolina
What is this article about?
Editorial urges Columbia, South Carolina, businesses and citizens to patronize local institutions to keep money circulating in the community, using an example of a foreign corporation that buys locally, emphasizing that supporting home interests strengthens the local economy.
Clipping
OCR Quality
98%
Excellent
Full Text
Let Home Money Work at Home.
Speaking of a "foreign" corporation doing a large business in this community, a Columbia business man said the other day:
"And another thing can be said for it, it buys its supplies in Columbia, it patronizes Columbia's business houses, which is more than can be said of Columbia's own financial and business institutions. I know for a fact that this concern declined to buy from the representative of a large Eastern house, saying that it would buy in Columbia so long as quality and price could be approximated here and this would be its fixed policy."
That, of course, is a sound business policy. Business reciprocity is business sense. It should not be necessary for an outside corporation to point the way for Columbia business houses or Columbia citizens. To support home interests is, in the case of Columbians, to strengthen themselves; to take away from the earnings of Columbia business houses by declining to patronize them cuts down their buying capacity and their employing capacity, and therefore hurts the whole community.
Money kept at home makes more money; that sent away is lost forever from the local "working capital."
And what is said of Columbia, may be applied with equal point to South Carolina. The State.
Speaking of a "foreign" corporation doing a large business in this community, a Columbia business man said the other day:
"And another thing can be said for it, it buys its supplies in Columbia, it patronizes Columbia's business houses, which is more than can be said of Columbia's own financial and business institutions. I know for a fact that this concern declined to buy from the representative of a large Eastern house, saying that it would buy in Columbia so long as quality and price could be approximated here and this would be its fixed policy."
That, of course, is a sound business policy. Business reciprocity is business sense. It should not be necessary for an outside corporation to point the way for Columbia business houses or Columbia citizens. To support home interests is, in the case of Columbians, to strengthen themselves; to take away from the earnings of Columbia business houses by declining to patronize them cuts down their buying capacity and their employing capacity, and therefore hurts the whole community.
Money kept at home makes more money; that sent away is lost forever from the local "working capital."
And what is said of Columbia, may be applied with equal point to South Carolina. The State.
What sub-type of article is it?
Trade Or Commerce
Economic Policy
What keywords are associated?
Local Patronage
Home Money
Columbia Economy
Business Reciprocity
South Carolina Commerce
What entities or persons were involved?
Columbia Business Houses
Foreign Corporation
South Carolina
Editorial Details
Primary Topic
Supporting Local Businesses In Columbia And South Carolina
Stance / Tone
Advocacy For Local Patronage And Economic Reciprocity
Key Figures
Columbia Business Houses
Foreign Corporation
South Carolina
Key Arguments
Foreign Corporations Exemplify Buying Local Supplies In Columbia
Patronizing Local Businesses Strengthens The Community By Maintaining Buying And Employing Capacity
Money Kept At Home Circulates And Generates More Local Wealth
Sending Money Away Reduces Local Working Capital Permanently
The Principle Applies Equally To The State Of South Carolina