Houma Ceres. [volume] (Houma, Parish of Terrebonne, La.) 1855-18??, 1857-02-14
Endorsills Notes.

There Is moral in the following well
considered remarks from the Philadelphia
Ledger, which should be often pondered.
Wives, read them TO your husbands
1t was we'll said, by a very shrewd OBJ
server, that there are some things which
every man has to learn ior himself. 1t
would seem as If the folly Of endorsing
what is called accommodation paper was
one Of them. Tens Of thousands have
been ruined in this way, yet tens Of thou
sands continue to practice it. Many who
endorse paper with -imPunity for years dis.
cover, at last, that they also, in spite OF
their assertions that they would never be
losers by it, are brought to bankruptcy by
it. Sir Walter Scott, who had gone on
from year to year, adding acre to are,
farm to farm, woke one morning to find
that he was ruined through bis endorse
ments on Constable's paper; and the rest
Of his life shortened by excessive labor,
had to be devoted, to carrying out the
favoriie dream Of his ambition, that Of IL
quidating the debt thus contracted. Even
Rarnum, whose name had become synony-
nous with shrewdness, fell before this
delusive habit. A calm observer is al
most led to believe that there is an infatu-
alton accompanying the practice Of en-
dorsing notes, which lulls sagacity to
sleep, else how can We account for the
fact that 90 many able men have, 50 to
speak, gambled away their fortunes on
this mercantile rouge ct noir. No man
ought ever to endorse an accommodation
note. The 6nanciering which raises
money in this way is radically wrong.
Generally regarded IS the cheapest, it is
really the very dearest method for the
friend who endorses for you is sure, some
time, to waat an endorsement in return !;
and be who once begins to endorse for
another, has put his fortune at the risk Of
hundred casualties beyond his own con.
troll. 1t is game q hazard which, once
commenced, hardly ever can be stopped.
Money can be got 80 readily by endorsing
that the temptation is great to enter on
sfecuiations that would never otherwise
be thought Of, and hence il requires the
coolest Of heads and the most prudent Of
operators to resist becoming too extended
when a habit Of exchanging endorsements
has been fallen into. Niue men out Of
ten, sooner or later, get beyond the depth.
Hard times come on, and the insolvency
follows, Is q matter Of course. 1t is al.
ways wiser 10 raise money on bona fide
security and ifthese cannot be had, then
to curtail ones business as fast as posi-
ble. Where two men arc in the habit Of
exchanging endorsements they are really
in partnership together; but partner.
ship only Of risk, not Of profits and, worse
yet, partnership in which neither can
control the o,her. SO far, we have been
speaking Of cases in which there was a
mutual consideration between the parties,
IN exchange Of endorsements what shall
we say Of the man who endorses from
motives Of private friendship, and not Is q
business affair At all! Hundreds Of such
men there arc who endorse notes for So
cial intimates, to whom they would scarce.
" sell ! bill Of goods on credit, simply
because they have not the moral courage
to say no. Il would be wiser, in such in.
stances to give tho applicant At once
whatever you can afford to throw away,
for then you know where you are because
if you endorse for him, he may involve you
for . larger amount than you can pay
and be sure Of one thing, when you pay
as most likely you will. It will be at
time when the payment is especially in
convenient. No private friendship how
ever close, justifies one man in asking an
other to endorse for him. He who takes
offence when refused an endorsement, !.
unworthy to be your friend; for he is IS
norant wherein true friendship consists
that relation giving no man . right 10 ruiz
l another. Take advice in time, and don
give or exchange endorsements, It yot
would escape sleepless nights or aver
probable insolvency. - se..,s
trThe New York Express, ofthe 16tf
ultimo, says: A consignment OF htt]
hives ofbees was received on Thursday b.
lthe Eric Railroad, for shipment to Cali
fornia. Tho bees came from Sullivan
county, 10 this State, and the owner goe'
out with them in the George Law ON the
l20sh. They are in the old.hshioned boz
hives, but some Of them are in hives made
of ! section Of hollow tree. The top
, Of the hives are covered with wire netting
Through which the warm sun was shinin,
! whes We saw them, arousing tho bus!