The Evansville daily journal. [volume] (Evansville, Ia. [i.e. Ind.]) 1848-1862, 1856-03-22
NUMBER 1872.

ment in one of our Courts against Tappan q
Douglas for $4,000; the case has been appeal
I'd and is not yet decided. A suit was lately
b. ought against the same agency-B. Doug
las & Co.-by gentleman having an offies in
Wall street. and heavy damages laid, 1t ii
understood Messrs. Tappan & Douglas have
COLLECTED evidence bearing on the case, and
arc confident Of being able. to verify their state-
mentS. -;
sHINNING. 49,
One of the comic features of business is bor-
rowing money. to meet. notes Or other impera-
tive obligations-tec called shining. =,
If a man is seen previous to 3 O'Clock, P. NJ,
putting and blowing through Wall street; or
flushing frantically from store to store, CT hur-.
rying along with an distracted and melancholy
ar. ten to one he is trying to make q raise"
Those who are *troubled with the shorts,'s
may be classified as. follows: First there is
the systematic borrower, who gets the loan Of
large sums, generally from creditors, for an
indefinite period, to save himself from incon-.
tlnentIy going under" and whose assets"
when suspension at last comes, are .ound to be
swallowed up. by the CONFIDENTIAL" Then
there isthe occasional borrower, whose bank
account now and then gets below zero, but
who makes prompt payment. The last is the
chronic borrower, engaged in the California
trade or some other equally hazardous ven-
ture. Shining with him is science, . ns-s
lcessity, an integral part Of the daily routine;
and going down town to business is virtually ].
synonymous with going down to shin.
As general thing, shining IS one of the
most trying and vexatious of all the duteS fall-i
| ing to the lot of a man of business Ifa hus-s
band comes home to his family exhausted and
haggard; the wife suspects he has had heavy
mo nta 6H1r h,olx G,o4
Ito Shin is pleaded in mitigation. In short,
this same thing is productive of about one-half
the financial ills that business men are heir to.
HOW To MAKE A GOOD FAILURE.
Some one has calculated that about ninety
six per cent of the merchants of New York
| City make failure once or more while in
business. But this fact, if indeed it be fact
by no means shows, some actually believe,
that ninety-six out of the hundred are rascals.
On the contrary, the greater part of the nine
ty-siX may have sustained an unblemished
character for legal honesty, and scrupuously
Iconformed to the common law of the trade
Ii from gross negligence or reckless expendi-
ture the money of creditors has been indirect-
ly squandered, a compromise is b eakwater
behind which debtor may take refuge, if he
possesses the least degree of TACT The act
stigmatized as speculation or robbery whens
Committed Dy puDIc oIuceT OF OlHer employ
ee in the exercise of a trust loses the bulk of
its enormity if done under the cloak of busi-
ness failure.
In the opinion of some, perhaps, 'good.
failure'' would consist in religiously surren-
dering everything to creditors, and reserving
nothing. To do so would doubtless be just,
but it seems to be practically regarded as bad
policy. AS the world goes, the bankrupt who,
pays over his last farthng as tribute ofprin-
c;ple is OF no account His credit is gone, his
prestige lost, and he is looked upon as poor,
devil altogether. To make good
failure, in the popular sense of the word, is to
do the thing up handsomely; to 'go in" ons
large scale; to owe princely sums; then to stop.
plyment and compromise for mere nominaR
amount-and fall you will, If fall you must,
with snug capital in your breeches pocket,
and all the necessary facilities for resuming
business. The smaller the per centage. paid IN
SET element, the better your credit wlAshe
for though suspected of having
made money by the transaction, you will be
considered the safer to sell to. eI