Grant County herald. [volume] (Lancaster, Wis.) 1850-1968, 1858-12-04
The Times Grounds for Hopes-Lawysrs.

Having said so much heretofore of the
times, the panic, the pecuniary troubles OF
people generally, we scarcely feel able to
add an idea not already presented. We
confess to not having at any time
since September. 1857, a favorable belief
in speed restoration of the country to a
fair stage of prosperity. The time must
lstill be distant when property shall BE in
fair demand, labor compensate the laborer
and that former confidence of man towards
man be restored. Yet, we do not by any
Imeans see affairs in so bad light as
many with whom we meet. Most persons
think there is yet to be a time of general
sacrifice by suing and taking the property
Iof debtors at almost nothing. We do not
believe The l,anic will at any time present
lsuch scene, or that there will be such a
general conflict between debtor and cred
Iitor. 1t is true that in the crisis o. 81 70
i'43 time of general sacrifice Of property
by execution followed the period Of sand
Istill; and as we have now arrived a. that
period best described by the word stand
stall, the next stage to follow would he that
lofsweeping sacrifice of property-provided
the crisis follows in the train of 81 to '43.
But herein is the difference: in 4 the
Bankrupt law went into force, and almost
every state passed Stay laws and all the
banks suspended specie payment. In
year or so thereafter, such laws ceased 10
be in force BY Limitation of time; where
upon, the whole crediting party, long
stayed by law from collecting their dues,
all at once let loose upon debtors and
swept as in day of final judgment every
thing bonded or holden for debt. Like
rubbish before flood, reason and fore
Thought forming no obstacles, farms and
personals were swept as by q hurricane
Whereas in the crisis inaugurated in t57,
we have no Bank suspensions, no Bank
rupt laws nor Stay laws to interfere be-
tween debtor and creditor Therefore,
there is fair uniformity in She settlement
of accounts; the creditor pushes moderate
ly and the debtor yields gracefully. We
grant the end will be nearly the same, but
there will be a show Of decency. To die
of consumption is less to be dreaded than
to be shot or hung, and so is the slow pro
cess Of financial ruin preferable to swift
inalty.
Iu local tiew, hear at home, we have
few or no squirting lawyers to harass peo-
ple. Every lawyer of any prominence in
Grant counsels representation. They re
monstrate against having and sueing, and
use every honorable means against order
ing foreclosures and executions. They
count the heavy cost Of executions and
sales, appeal to The sympathies Of ellen.
creditors, insist on longer time or afbitra
ment, work for compromises, for equitable
transfers of property, &c, in order 10 save
debtors from ruin. Such patriotic efforts
on the part of our lawyers, even at sac
rifce Of their own Interests, cannot be too
highly regarded by the public.
Debt-injnred men generally in Grant
county will work through; every day al
most we hear ofsaving some one by uney-
pected means. Persevere, never surren
der, economist, workout use no unfair
means to defraud creditor, aud you will
he saved.