The Daily spy. [volume] (Worcester [Mass.]) 1845-1850, 1847-01-07
From the Columbian Magazine.
DEBTOR AND CREDITOR.

merchants.
What do you think of Cartoons affairs, Ell
der 7" asked one of them.
81 think we shall secure pretty fair percent
age. DON'T you:''
Yes, if we wind him up"
That we shall do, Of course Why let him
go on 1t will take him two or three years to
get through, if at all.''
g If he can get through in two or three years,
| shall be in favor of letting him 90 on. Times
have been rather bad and business dull. But ev-
cry thing looks encouraging now.''
g | don't believe in extensions, Mr. Highland
The surest way when man gets into difficulties,
is to wind him up and secure what you can
Ten chances to one, if you let him go on, you
lose every cent"
&c | have granted extensions in several instan-
ces, Mr.. Elder" replied his companion, "and OBJ
tanned, eventually, my whole claim, except in
single CASE
cts always risk. go by the motto, "a bird
in the hand is worth two in the bush,'" returned
Elder. e am always ready to take what | can
to-day, and never trust to the morrow. This is
my way of doing business
''But do you not think the debtor entitled to
some consideration -
&c H ow 20 with look of surprise.
&c He is man of like passions with ourselves"
&C don't know that understand you, Mr.
Highland.
g Mr.. Carlton has domestic relations as well as
you and l."
&c | never doubted it, but what of that -
&C If we break him up in business the evil will
not visit him alone. Think of the effect upon his
family
'In trade we never consider a mans family
relations
g But should we not, Mr.. Elder ?-should we
not regard the debtor as a man p
&c AS man who owes us, and is unable to pay
what is due but in no other light replied Mr.
Elder, with slight curl of the lip
g There we differ widely'
sAnd will continue to differ imagine Good
morning, Mr. Highland
The two men parted.
An hour previous, Mr.. Carlton, about whom
they had been conversing, sat with his family,
wife and three daughters, at the breakfast table
He tried to converse in his usual cheerful man
ner, but too heavy weight was upon his heart
There had come a crisis in his affairs, which he
feared would not be passed without ruin to him.
self. II the effects of this would not reach be-
yond the store aud counting room if upon his
head alone would tall the fragments of broken
fortune, he would not have murmured But the
disaster could not stop there 1t would extend
even to the sactuary Of home
As their father had little to say, the daughters
chatted about various matters to themselves
They little knew how many pang their words
the distance; but the father alone knew how i'm
minent was the danger that threatened destruc.
ton to all these Turing hopes. He felt oppressed
ana gloomy when he left the house and bent his
steps in the direction of his store On the dav
previous, he had called in a few of his creditors
and asked of them an extension. II this were
not gwen, 1t would be impossible for him 10 keep
on longer than few weeks. The spirit in which
most of his creditors had received the unexpect.
pd mo nt At ba J;
him little to hope. He was to have another in
teryiew with them during the day. From that
as 1t would exhibit the result OF nights reaec-
ton upon the minds Of his creditors, he would be
able to see clearly his chances of being sustained
in business.
He awaited the hour with nervous anxiety
When it arrived, and the few creditors called in
mad assembled, he saw little in their faces to give
him hope The first who spoke out clearly was
Mr.. Elder.
{" gentleman" he said firmly, Sam opposed
to all extensions. 1t man cannot paw as he goes
think he had better wind up
g II all do not agree in this matter, it will be
no use to attempt extending Mr.. Cartoons time"
remarked one OF the creditors, who thought and
felt as did Elder, but not willing to come out
so plainly.
& That's very true," said third. A martial
extension will be OF no use''
The heart of poor Carlton almost ceased IN
beat.
Shave you any objections TO retiring for
few moments J" said Mr.. Highland to the debt
o..
d" will withdraw, certainly returned Mr.
Carlton, and left the room.
" My own view, gentlemen said Mr.. Higb
land sis, that we ought to grant all that is asked
Mr. Cartons business is good, and he will oct
over his present difficulties easily, if we onv as
slst him little. We should be lust as man to-
wards man; and this do not think we shall he
In TINS case unless we consider Carlton as well az
ourselves. He is an honest man, and an honest
man IN difficulties is entitled to consideration ;,
That is all very well. But when man
gives his note payable at certain day. ne onght
70 be very sure that he will be able to take II nm
Creditors are entitled to some consideration ps
wen as debtors. The cry of poor debtor Is soon
raised but who, ! wonder, thinks of the moor
creditor. |, for one, am not prepared to ex.
tend' rFe" '" CA
This was said by Elder
Gas TOR me-" spoke up another, 81 never take
out one view OF matters like this II think I
Wiil 10 better by renewing, am ready to do SO
II py winding up the party now, can do better,
60 Tor winding up. | have confidence in Carl.
tcn integrity Il believe he means well. But
can ne get through That is the question:
believe he can" said Mr.. Highland.