Three Years by Anton Chekhov — Read

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The Laptevs had a wholesale business in Moscow, dealing in fancy goods: fringe, tape, trimmings, crochet cotton, buttons, and so on. The gross receipts reached two millions a year; what the net profit was, no one knew but the old father. The sons and the clerks estimated the profits at approximately three hundred thousand, and said that it would have been a hundred thousand more if the old man had not "been too freehanded" -- that is, had not allowed credit indiscriminately. In the last ten years alone the bad debts had mounted up to the sum of a million; and when the subject was referred to, the senior clerk would wink slyly and deliver himself of sentences the meaning of which was not clear to everyone:

"The psychological sequences of the age."

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