New-York daily tribune. [volume] (New-York [N.Y.]) 1842-1866, 1857-11-17


the things "a Id, silver snd banksble paper) which
ave Casar's, ard which were promised to be pail
10 him ct certain time bot Of which his salamsa.
der tafe AID bank book, albeit the said time
has elap,ed widely, give no sign. Nevertheless, we
suppose it must be admitted that this prejudice 10
gradually passing away 1t is not 80 much the rule
now to "psy when due az - pay when conve-
nient, A" and We may ,oon arrive at point when au
promssory notes and bills Of exchange will BE- OF
aucb tenor. This will, Of coupe, establish high
standard Of honor in the circles of capital, CON-
merce ard general business, wholesale aud retail.
All "debts Of trade" will become "debts OF
honor" the payment thereof being delayed only BY
the "convenience" of psrties. This will efs,t an
entire change in the modas Of the buslne" operaHd.
Irstesd of continuing coarse, hard, selfish and
graspipQ a. il is now said TO be, there will be no
ticeabe in it benevolence, susvity, poltenew, pol
ish, charity and consideration. There will be no
actions, attachments, imprisonments There will
be no moro in.ol7encies The Independent viii not
be compelled to resume the printing of that sable
list. The lawyers will retire to live as long as pos
sibe upon the calf.iin covers of their books, and
then to leave this world by such method as may
seem to each most agreeable. No merchant will
pretend to receive debt unless the tender be &C
companied b. an affidavit that the payment is per-
fectly convenient to "the owing one." And
being thus christianity complacent to those
who are 10 arrears to him, he will expect
like forbesrsnce from those to whom he is in ar
rears. And having thus satisfactorily arranged
monetary affairs upon basis at once cheerful and
accom- odat Ds to the high ard the low-having
thus iDaueurated grand democracy of trsde-it is
perfectly evident that the facilities for running in
debt, enc of the most thrilling Of joys u this fallen
world, will be incidentally multiplied, aTOrding to
millions the purest rapture unalOyedb5 the coarser
purgations Of payment. Then it will be that
ycur Richard Swivellerr, your Jeremy Didders,
your Wilkins Micaw bers willemerge from the cloud
which has 90 long hid their talents in great misty
napkin, and damped the ardor Of their commercial
genius Then all the defaulters who have been sent
from England TO the penal settlements will be
brought back 70 LeLdon in nst;onal vessels Then
all the deiaulters who have departed from America
for cottages 10 Switzerland, or villas in Italy, will
be recalled by the united voice Of their relentng
countymen. Huntington will come fro1 his
CELL Mayor Wood will embrace bis ancient Califor-
nisn partner while, where men most do congregate,
iens Of creditors shall repose with lambs Of debtors,
and tie word shall know litigation no more for.
ever.
It must be evident to oil that if we to attain
this altitude of bliss AMI convenience" some one
M0st be bold enough to take the initiative. All
reforms in religion, letters, art and science have
been commenced by representative men, aud so, too,
nu,t this great reform in business be started. We
are not aba with exactness to pent out the coming
msn-whe!her be be in Illinois, Minnesota, Wis
con,n orNli,sissipp But as cur contribution to the
quest We print rerb. ct lit. ct pnnet., the following
letter from q debtor in the sunny City Of New
Orleans to bis creditor in the somewhat cloudy City
If New York. The document, though short and
simple, is in some respects sublime. To the ad'
mirers of great and genuine impotence we present
the mssive in its naked beauty:
NEW ORLEAs, Oetr 1851.
Sr plse. Let Know by Deespeth you will take Of 100
the dollar fr what a. proposing the same ~ al
Y Merchants you ar snser Quick for Orleans wsse
sp ss sve p.y%a
oar Bspl Note. selling :. 70 on tn. oer nearly al our
Merchants ION over Nothing Can Bee sold st any prc
Respely -"
Now can anything be more magnificent than
thisl We cay nothing Of the wild abandon of the
photography, worthy of the Principal of Normal
School in its least palpy days; We say nothing Of
the profuse recklessness Of spelling I've" with three
eta prodigal expenditure upon which kings
might venture, but not editors; but we do call
pecial ate nton to the calm and solid frame of mind
in which this great merchant writes. What just
sense of the valte Of money does be exhibit He
can male 10 per cent per month By lending cash in
New. Orleans on real securities. How absurd, then,
woud il be for him to send bis funds to New. York
TO pay bis creditors! lie issbOut "tO spscua.e"-
one of the nobIest enterprises in which human be-
ing can eosage-but before he does So he wishes to
oblterate the vestges of past misiOrtunes. His
heart, too, mets toward the unhappy gentlemen 10
IS street, Eew.York, who con6ded in hun. So
be maenanimously comes down with al offer Of
composition at sixty cents on the dollar, and 70
quires an answer Immediately, as he is in hurry
"to speculate' In some respects We consider him
to be model merchant But not in all. There
are come sign, Of weakness 10 writing line There
is u.t the least shade of pusiIanimity in Offering
sixty per cent. We think that quite too much.
Thirty per cent would have been ample. Twenty
would have Teen generous. Nothing at all would
have been more in accordance with the spirit OF the
times. We must End it difficult to draw the line,
if these wicked dividends are encouraged. Never
tbeles,. We are interested in this New Orleans re-
former, and when he has "speculated," We should
like to hear from bin.
We have read, not without much sympathy and
q nnrrasnondanca hatWeAn DeA-