The spirit of democracy. [volume] (Woodsfield, Ohio) 1844-1994, 1847-01-09

fully expect to receive and can use to
advantage, locked up for two or three
years."
81 grant all that, but would it not be
much harder case for Carlton to be
broken up root and branch" -
81 suppose it would" the man re.
piled.
"Then let US do by him as we would
be done by ourselves were we in a SIM
lar position," said Mr.. Highland.
The efforts of Elder to cfface the iln:
preston the words of Mr.. Highland
had made, proved in vain. Ii was
agreed that the debtor should receive
the extensions he asked. When in
formed of the decision, Carlton could
not hide his emotions, though he strove
hard to do so. His grateful acknowl-
edgements for the favor granted, touch
ed more than one heart that had been
cold as ice towards him short time be-
fore. How different were his feelings
when he met his family that evening,
and silently thanked Heaven that the
cloud which had hovered over and
threatened to break IN desolatlng temp.
ests had passed from the sky.
Long before the arrival of the time
for which an extension had been grant
ed, Mr.. Carlton was able 20 pay off
every thing, and to look in the face
without unpleasant emotions every
man he met.
Strange things happened in real life.
Mr.. Elder was shipper and extern
sive y engaged IN trade. For series
years every thing went on prosper
ousIy with him. His adventures al
ways found good market, and his
consIgnmenlssa safe and energetic factors.
All this he attributed to his own busi-
ness acumen. 3
81 never make bad shipments" he
would sometimes say. 81 never con-
sign to doubtful agents."
A man like Mr.. Elder is never per-
milted to 20 through life without a
practical conviction that he is in the
hand of one who governs events. 1t is
rarely that such one does not become
painfully concious in the end that hu-
man prudence is as nothing.
The first thing that occurred to check
the confident spirit of Mr.. Elder, was
the loss of a ship and cargo under cir
that gave the underwriters
a fair plea for not paying the risk. He
sued and was cast. The loss was
twenty-five thousand dollars.
A few weeks after, news came that
shipment to the South American coast
nad resulted in a loss. From that time
every thing seemed to go wrong
His adventures found glutted market.
and his return cargoes depression Of
prices. If he held on to thing in the
hopes Of better rates, prices would 60
DO wn, until, in a desperate mood he
would sell; then they would 80 up stead
Iy. The time was when he confined
strictly to legitimate trade. But
4 mania for speculation now took hold
Of him and urged him on to ruin. lie
even ventured into the ewiIdering pre-
;incts of the stock market, lured by the
.he hopes ofsplendid results. Here he
stood upon ground that soon crumbled
beneath his feet. A loss Of twenty or
.hirty thousand dollars cured him oI hls
oily, and he turned with sigh TO his
counting room to digest with care and
prudent forethought, some sale opera
ion in his regular business.
But the true balance of his mind was
ost. He could not consider with calm
1ess the business in hand. Loss in
stead of profit was the unfortunate re-
,ult.
Seven years since the day Mr.. Ed
n opposed an arrangement with Mr..
Carlton, which should regard the debt
u as well as the creditor, he himself
ound it impossible to provide for all
lis heavy payments. For some time
,e had kept his head above water by
making sacrifices, but the end of this
.ame.
After sleepIess night the merchant
started. one morning for his store, OPP
pressed with the sad conviction that
,efore the day closed his fair fame
would be furnished. AS he walked
long Broadway, Mr.. Carlton came to
lis side with cheerful salutation. Mr..
J. was now large creditor instead Of
debtor, On that very day, bills in his
avor had malured TO the amount Of five
housand dollars; and these Elder could
otpay. The recollection Of this made
t almost impossible for him to reply to
he pleasant observations Of his com
'anion. Vividly, as if it had occurred |
esterday, came up before his mind the
.lt.,. al 4.