Herald of the times. [volume] (Newport, R.I.) 1830-1846, 1835-08-20
NOBLE EXAMPLE.

HAPPY FRUITS OF SUCCESSFUL srECU-
LATIoN.-A young man belonging to
Portland, whose name we shall make
known, and which ought every where 10
be proclaimed as an incentive to good
deeds, and honorable conduct, establish
ed himself few years since in New
York, in some sort of mercantile busi-
ness, which proved unfortunate, and he
failed. He returned to Portland, and
has supported himself and his family by
a clerkship for two or three years past.
About four months ago, he caught the
speculation fever, which has so extern
sively prevailed in Portland and other
places, and by an operation on a small
scale, in the purchase Of eastern lands,
cleared $1,000. A portion Of the mon
ey he appropriated to buying up his own
oblig ations at ten per cent Of their par
value, and with the rest made another
purchase, by which he cleared $1,000.
About this time, believing that he should
be prosperous in this new line of bust
ness, he entered into voluntary obi
CATION in writing, binding himself to his
conscience, that he would devote one
tenth part of all his gains to benevolent
and charitable purposes He has con-
tinued his land speculations so success
fully, that he has already realized a for
tune of S2OO,OO0 The tenth of this,
I (S2O,OOO) he has Of course disposed of
according to his voluntary obligation.-
The first object of his kindness and re-
ward, was the estimable widow Of rev.
erend and honored clergyman, (Rev.
DR.. Payson) under whose ministry he
had become professor Of religion and
Of whose church he was member
He has sent this lady, who had been
left almost destitute, with large family
of children, a check OF TEN THOU
SAND DOLLARS-he has given So,
900 to the Bangor Theological Insti-
tute-S2OO to the Seaman's Bethel in
Portland-SlOO to aid feeble society
in building church in Illinois. The
gentleman who called upon him in be-
half of the Illinois church, informs us
that on the day he saw him, he had Civ
en- Sl7OO for variety ofbenevolent OBJ
jects.
But the question will naturally arise,
did this kind hearted and benevolent
man think Of his old creditors, those who
had suffered severe losses by his failure,
and had received at most only ten or
twelve cents on dollar of their dues
many Of them perhaps, poor mechanics
or laborers, who depended upon their
daily earning for their daily bread? Or
did he like too many others, who have
failed and ailcrward became p, osperous,
leave his suffering creditors to uhistle
for their demands, and treat them with
hauteur and contempt, if approached on
the subject? If MIR. J. b. CROSS,
for that is the name Of the gentleman
whose example we would hold up as
most honorable and praiseworthy) had
thus treated his old creditors, we should
have deemed his displays of charity and
benevolence, his princely donations,
Gas sounding brass and tinkling Gym
ball." and altogether unworthy of re-
spectlul notice. But his conduct has in
every respect been consistent, upright
and honorable. He is ready to pay
them to the utmost farthing, principal
and interest, whether compromised or
not, and let the demand against him be
Of what name or nature soever! To
show that this is the case, we refer to
his "Notice to old Creditors," as pub
lished in the Portland papers.- Salem
Register.