1. He prefers short credits to long ones; and cash to credit at all times, either in buying or selling; and small profits in credit cases with little risk, to the chance of better gains with more hazard.
  1. He is clear and explicit in all his bargains.
  1. He leaves nothing of consequence to memory which he can and ought to commit to writing.
  1. He keeps copies of all his important letters which he sends away, and has every letter, invoice, &c., belonging to his business, titled, classed, and put away.
  1. He never suffers his desk to be confused by many papers lying upon it.
  1. He is always at the head of his business, well knowing that if he leaves it, it will leave him.
  1. He holds it as a maxim that he whose credit is suspected is not one to be trusted.
  1. He is constantly examining his books, and sees through all his affairs as far as care and attention will enable him.
  1. He balances regularly at stated times, and then makes out and transmits all his accounts current to his customers, both at home and abroad.
  1. He avoids as much as possible all sorts of accommodation in money matters, and lawsuits where there is the least hazard.