Vermont phÅ“nix. [volume] (Brattleboro, Vt.) 1834-1955, 1843-11-24
From the Portland Tribune.
TIL f YOUNG ERCHANT.
by ID. C. CoLEswoRTHY.

What do you think about accommodating
this young man ? said Mr.. Pelby bank
director, to his associates on discount day.
lie appears to be sound, and the amount is
but trhing'
L don't know replied Mr.. Barrow. a
small grey eyed man, who looked as if he
were born TO skin fiints and make money by
the operation-I don't know, about il. We
have lost so much in years past, that think
we had better not discount it, The interest
on hundred dollars is but trihing. What
do you say, Mr. Ormand p
"Tisn't worth talking about-so small
sum- wouldn't be bothered with it,
Perhaps said Pelby, 'it may be of great
assistance 10 the young man at this time, if
he could have the money
Let him 60 to the brokers' them said
MIR. jameson fat man, who had made his
money by grinding the poor and shaving
notes. Let him 90 TO the brokers' if he
wants the money so much. You know we
have sufficient funds there, and we shall
realise four times as much
For my part said Barrow, Il don't think
1t worth while to be troubled with small
notes; they are Of very little service, even if
they should be promptly paid
True, replied Pelby, but Mr.. Somers
spoke TO me about the note and wished |
might say word in his favor-but in the
whole think we may as well not accept it.
Here, Mr.. Jake addressing the Cashier,
and handing him the note-'tell Mr.. Somers
we are short of money TO day and cannot
discount
MIR. Somers was young man of industr-
Gus habits and sterling integrity. He had
but recently commenced business for HIM
self, with but little capital, and therefore
felt the need of some assistance. He had
no father or rich relative to draw upon, or
exert themselves in his behalf, and when an
opportunity presented for the investment of
a little money, he made strong efforts to OBJ
tain it through the banks, and was seldom
accommodated 1t is exceedingly difficult
for person with no capital to succeed well
IN buslness-especially with no wealthy
friends to render him assistance. So Som
ers knew by experience. But he was in
dustrous and persevering, and determined
to do something. He saw chance to make
money by investing about hundred dollars
and II was on this occasion that he had
spoken to Mr.. Pelby and dropped his note
in the bank. He was fearful of the result,
and when the cashier informed him that his
note was not accepted, he turned away with
feelings rather indignant towards the direc-
tors, but determined to have the money
He called at the broker s-paid three or
four per cent month-took the amount
and made the purchase. In few weeks
the broker was paid, but the interest accu-
mulated so fast, that his profits were not so
great as he anticipated Still Somers was
not discouraged. He found it exceedingly
difficult at times to raise the money that
was absolutely necessary for the payment
OF his notes, but by prudence and economy
and occasionally calling on the broker, he
worried through the first year of his mer-
camille life. In taking an account of his
stock, he found that he had actually made
a little, besides his living and the few losses
he had sustained by bad debts. He com
menced again with renewed zeal, deter
mined to persevere with the hope that before
another twelvemonth he could be free from
all embarrassment.
Once more Somers concluded that he
would make an attempt to get note dis
counted. He called upon Pelby, told him
his situation and asked to use his influence
in his behalf at the bank the next day.