Burlington free press. [volume] (Burlington, Vt.) 1827-1865, 1843-09-29

REMARKABLE INSTANCE OF FIDELITY ASD HoSon
IN PEcrSiARY ArrAiRs.-ln these days Of unexnn,-
Piled pertidy, and Astounding MISREPRESENTATION it
seems as If the wonted restraints of honesty and
morality had become lax and imperative when the
self-acknowledgcd counterfeiler, and the openly
nvowed s%windler, are inpndenily stalking about the
streets nj noonday-when the individual cheat IS kept
in counlcnancc, in his villany. by the repudiateinp
Siate-it il refreshing TO meet, now and then, an in
stance OF %nnalloycd honor and integiiiy-it IS exhili-
rating, occasionly, to reach a green spot in the great
desert of infnmy.
As chroniclers of constantly occurring events, il is
our frequent dnty-nnd n painful one it is 10 perform
TO record The melancholy details Of ~forgeries and
peculntions-to hold up to the world The evil deeds,
noto the prac,ised and professed VILLAIN only, bu, Of
those who have been drawn into the paths of crime,
from high stations and an honorable condition-and
who, in melancholy addition to their own dishonor,
have visited with deep disgrace an ,f,rtionate and
honorable circle OF connexions and friends. How
ngreea IT,. then. must il be- 10 us, when, in n transpo.
si'iim If circumstances, it falls 10 our lot to recount
M Incident, rejecting the highest credit on the parties
c"'lcernci IN 1t giving II hope that rur race has not
fallen away entirely from the paths of n lofty in'egri.
~ and enc riraging anew our earnest desire that I'M.
sailed IN egiitv mry yc, abound among ne. End meet
IL due tcwa,d, even in our present sphclc d eyi.-
tence.
We have m1le i,cs, remarks. n,rninc,orv to the
statement ~ m 'crnrren e whIc, has t.krn place
within a few d,y- pas'-whirh r,tl cts great credit
npon n merch1n' OF our city. AMI wli,u we arc
pleased AMI proud to call our friend. ard which is
highly honorable, also, to the community OF which
he is a member.
Some time, we believe, in the month of Nrvenhe,
1871. the ntrchrniilc house IF Shelton, Brothers &
Co, of this city, nrne down by the Uncommon pres
sure of that ~iine-found il necessary to suspend pay.
ment Of their debts, and to close up the business o
The firm. Their creditors, after an investigation o.
their concerns, agreed 10 receive fifty per cent. Of III,
amount of IN. lr respective demands, and release tn,
house entirely from their obligations. THIS agrce
mcnf was entered into Ivy NIL the creditors. The slip
u'rted per centage was pad, and The demands tan
| n4lt.I Stnp. fh. tp.. nT thu T.,t,,n - ,la I,n,,a
VIZ. Henry Shelton, one Of the partners, has depart
ed This life.
Piilo $. Shelton. Esq. the surviving partner, pro
creied, with undaun'ed and perse,cring energy, I,
wini ip the concerns of The old firm, and to com
menre business, anew, on his own account. In hi
new enterprise, we are happy To say that he has beet
prosperous and that he has made most honorable
use of his prosperity. On Tuesday last, he made
new dividend among all his creditors. of twentv-fv
per cent. upon the fl amount of their cancelled de
mands against his former house IN wing on To then
the aggregate sum Ot forty thousand dollars, 70
which they had no legal rlaim upon him wha'cver.-
THIS payment was entirely voluntary. on his ,ait-
and it has been made, no only to indiyiluul creditors
bnt, in some instances, TO rich corporations, by whom
the loss woulJ n II have hcrn felt,
We present his "a sn last rnce of most commenda
bic honor and integrity. |, is deserving of all tn
praise that cHn BE- bestowed upon it. Pass along tn
name of Phl',S :. S'iu,ir.. Let it he he'd up TO on
whole business coninuniiv, ms an object of their ad
mirat',n. Let n'' oil merchants do HIM honor an,
let tie vnnnr lnni up To hi good deed, rs worthy q
'iirlr honest emnlainn. We congratulate our fellow
riflzrns unDr t'r occurrence of n TRANSACTION so high
" honorable in ''e commercial character of Bos OH
ans.-Bosiop AHds.