The northern galaxy. [volume] (Middlebury, Vt.) 1844-1848, 1847-01-19
Volume XII.
MISCELLANEOUS.
From the Columbian Magazine.
DEBTOR Ind CREDITOR,
BT T, s. ARTHUR

That we shall do, of course. Why let
him 20 onl 1t will take him two or three
years TO get through, if at all
1.-The can get through in two or three years,
shall be in favor of letting him go on
Times have been rather bad and business dull.
But every thing looks encouraging now
i don't believe in extensions Mr.. Highland.
The surest way, when man goes into diff
culties, is TO wind him up and secure what
you can. Ten chances to one, if you let him
20 on, you lose every cent
i have granted extensions in several in-
stances, Mr.. Elter replied mis- companion.
and obtained, eventually, my whole claim,
except in a single case
Its always a risk. | 60 by the motto "a
bird in the hand is worth two in the bush,
returned Elder. Il am always ready 10 take
what can get to-day and never trust TO the
morrow. That is my way of doing business,
But do you not think the debtor entitled 10
some consideration
Howl with look of surprise.
lie is a man with like passions with our
selves
Il don't know that understand you oxact-
ly, Mr.. Highland
Mr. Carlton has domestic relations. as well
as well as you and L.
Il never doubted it, but what Of that?'
III 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.'
But should we not, Mr.. Elder1-shouId
we not regard The debtor as a mani
AS man who owes US, and is unable 10
pay what is due; but in no other light re-
turned Mr.. Elder, with slight curl Of the
lip.
There we differ widely
And 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. lie tried 10 converse in his
usual cheerful manner, but too heavy a
weight was upon his heart. There had conn
crisis in his affairs, which he feared would
not be past without ruin TO himself. IL the
effects of this would not reach beyond the
store and the counting room if upon his
head alone would fall the fragments of a
broken fortune. he would not have murnur-
ed. But the disaster could not stop there
Ii would extend even 10 the sanctuary Of
home.
As their father had little TO say, the daugh-
rers rhaued about various matters TO them
selves. They little knew how many pang
their words occasoneG. Bright hopes gil t"r-
for them in the distance but the father alone
knew how imminent was the danger thai
threatened destruction TO all these Turing
hopes. He felt oppressed and gloomy when
he left the house and bent his steps in the
direction Of his store, On the day previous,
he had called in a few of his creditors, and
asked of them an extension, IL this were not
given, it would be impossible for him to keen
| on longer than few weeks. The spirit in
, which the most of his creditors had received
, the unexpected announcement that he was
in difficulties, gave him liiile TO hope. He
was TO have another interview with them du.
ring the day. From that, as il would exhibit
the result Of Il nights reflection upon the
minds Of his creditors. he ould be able 10
see clearly his chance of being sustained in
business.
lie awaited the h0ui with nervous anxiety.
When II arrived, aud The few creditors called
in had assembled, he saw little in their faces
TO give him hope. The first who spoke out
clearly was Elder
Il gentlemen sand he firmly, 'am opposed
10 all extensions. If Il man cannot pay as he
goes, think that he had better wind up
IF all do not agree in this matter, it will be
no use TO attempt extending Mr. Carlton's
time remarked one of The creditors, who
thought and felt as did Elder, bu, was moi
willing TO come out so plainly.
That's very true said third. A partial
extension will be CT no use
The heart of poor Carlton almost ceased
to neat.
Have you any objections TO retiring for a
few minutes! said Mr.. Highland to the
debtor.
Il will withdraw, certainly returned Mr..
Carlton, and left the roem
sly own view, gentlemen said Mr.lIieb.
land, is that we had ought to grant all that is
asked. Mr., Cartoons business is good, and
he will get over his present difficulties easily,
five only assist him little. We should be
Just, as man towards man; and this do not
think we shall be in this case unless we con-
slider Carlton as ourselves. He is an honest
man, and an honest man 10 difficulties is en-
uled 10 consideration
, That is all very WELL But when a man
4 gives his note payable al a certain day, he
ouSnt 10 be very sure that he will be able to
'ahe Il up. Creditors are entitled TO some
consideration as well as debtors. The cry OF
poor deD'or IS soon raised, but Who, won
der thinks OF the poor creditor. |, for one,
am not prepared 10 EXTEND
This was said by Elder
AS for me- spoke up another. Il never
take but one view Of matters like this. ri
think will be better by renewing am ready
to do so; if by winding up the party now |
so for winding up. have confidence in
Cartoons integrity. believe he means well.
But can he get thronghl That is the ques.
, ton
believe he cam said Mr.. Highland.
And doubt it, returned Elder.
Ought we not to consider him as our
selves J urged Mr.. Highland lie has work
ed very hard for the last ten years. as hard
as any one Of us and has been as anxious 10
secure competence for his family as we
have been. We should feel for him as well
as for ourselves. II would he but triAe for
US 10 lose all our claims, in comparison to
the utter ruin to him that would follow oui