8008. You have an intimate acquaintance with the people who live about you, and, among others, with the fishermen?-Yes.
8009. You also know the system of payment and of credit purchases which exists in the district?-I do.
8010. Are you prepared to give any opinion as to the effect of that system upon the circumstances and character of the people?- Yes, I think the effect of it, to some extent, is not very good. It is rather an extensive subject to embrace within one answer, because there are a considerable number of people who are free and independent; they can make their own terms; but there are a great number of people who act on the credit system. That system has gone on, I daresay, from time immemorial, and it has become a great evil in the community, fraught with consequences of different descriptions that are evil.
8011. Are there many of the people whom you would describe as not being free to make their own bargains?-Of course there is hardly any person free to make his own bargain who has no ready money, and who is always in debt; and however well they may be dealt with by the fish-curers,-and I don't know of any case of wrong dealing in that respect-still the people are placed at a disadvantage. I believe the whole community are placed at a disadvantage in consequence of that, because, from the great amount of bad debts, the merchant must charge a higher percentage of profit upon his goods.
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8012. In saying that there is a great amount of bad debts, do you mean that there is a large proportion of debts in the merchants books which are never paid?-That is what I mean.
8013. Do you not mean that some of them are only very long delayed, and are liquidated only when a good fishing season comes?-Both statements are true. There are some of them which are very long delayed, and others which are delayed for ever, and never paid at all.
8014. You think that both these causes oblige the merchants to charge a higher price for goods than they otherwise would do?- Decidedly; but there is a greater evil than that still. Sometime in the course of Providence, an accident occurs, and families are left destitute, and the merchant has the disagreeable alternative of either losing his own debt, or putting the law in force and driving the families to extremity. That, however, is never done; but in such a case there might be an appeal to public benevolence in order to save human life, and that appeal is always responded to.
8015. What is the peculiarity in that case which you wish to point out?-The peculiarity in that case is, that I should wish the people to be placed in such circumstances that an appeal of that kind would not need to be made.
8016. Do you think such an appeal would be unnecessary if the credit system did not exist?-It would be unnecessary to a certain extent; but, at the same time, I can hardly see how to get rid of the credit system. I believe the merchants themselves feel it to be a much more trying thing, or at least fully as trying a thing, as I do. I look at it from one point of view, and they suffer from it from another.