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Various

"Chambers's Edinburgh Journal, No. 429 Volume 17, New Series, March 20, 1852"

He gradually
began to make a modest sort of commercial journey; and among tradesmen
to whom he would not venture to offer the higher articles of grocery,
raised a considerable trade in such descriptions of goods as he might
supply without seeming to push into too important a sphere.'
Having made a lucky purchase of butter, Samuel went amongst traders of
his own kind for orders, and at first met with little but contempt. He
persevered, nevertheless, and in a little time made his way. By little
and little his house, of which he became a partner, acquired a
footing, and began to be talked of as a kind of prodigy for a village.
The leading principle followed, was to do business entirely by
ready-money, in buying as in selling. A wonder may be felt how Mr
Budgett contrived, with no advantage of capital at starting, to act
upon this rule. The plan is simple, and may be easily followed. Let
the transactions be in a proper proportion to the means. It looks a
slow plan; but, in reality, by securing an exemption from pecuniary
embarrassment, it allows a business, other circumstances being equal,
to go on faster than might otherwise be the case. Mr Budgett could
accept small profits on his ready-money transactions, and by their
frequency, outstrip heavier-pursed but also heavier-minded men.


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