The Lansing state Republican. [volume] (Lansing, Mich.) 1855-1874, 1859-03-15

vi tF. oL!th- u age, I.rULG1 Tie EtI4
ness q Mr.. Sargent, 1 obtained stock o.
goods a q short credit. and easy terms O.
payment, and commenced bushes, az. m,
own account
Trade YVES 81 that ,ime good, and money
plentiful, and easy 70 be had aud on very
favorable terms; AID for the iirst FIVE var,
everything won't on smco,hlv and ,a,i,;ac.a-
riEy--o much -, indeed, that the evil day
seemed to- far ahead to he even in SIGHT.
Cred.. bad extended, and greater amount
Of business had been transacted. not only
IL tie city, but throughout tie coul,rv.
than was judged to be either safe or advan-
taCeous; and finally a crash c.me-ard an
awiul crash It was, ! assure YOU.
Many Of the strongest houses were oblic,
81 t. succomb confidence was lost: mon
ey became scarce, and only loaned on first
class paper, and at high rate cf interest.
such state Of things can never exist long
IN 4 mercantile continuity without being
felt in a greater or less degree bv every
class whether the class be mechanic. mer-
camille, or professional and the suffering
that onsued was awful In the extreme
The ne chant who thought himself aIniou
rich enough even to have dreams Of ratir-
i,s ufna bis wealth, became suddenly re-
d1cod 70 poverty; tie mechanic found re
lahor t"r his hands 10 perform and perfect
s'agua,ion ruled the hour.
/ had just taken in a partner when tha
crash came nd although | had been
warned 20 examine Ms accounts closely, |
>inuld nat otherwise have made sotborGu.l.
an investigation into ,he st.,te of nv affairs.
Lad It not been Necessary that this partner
should know ny standing in The commar +.
y, and my means and capacity. before r.a-
king an engagement
! fit satisfied from the examination lust
mcationCd that We could stand any ordina
y pressure, brt judged ii prudent and ad-
v.-afIe 10 rcircuch in our expenses and
curtail everything possible, without incur
FlEg an accusation Of meapucs. and parsi-
muny And your mother will tell vcu how
careful we studied and ccntriycd in our
household arrangements aud family arrange
mcnts to make both ends meet, and little
more. We d, -nsed with one of our ser
wants. provided palmer dishes for satisfying
our appctitcs, examined our warirobes. and
rhcre garments could be made respectable
by little mending and repairing, such
amendments were made. without much sac
IIiice {" ar comfort, or any to cur gentili-
y .ai in fact, 50 changed the or
i,s 4 things at home, rs to conform as
Aee3 te, with the change in the times, and
tie dirctul necessities Of the dangerous and
trying hour.
AS in prosperous times | had always
been in the habit Of consulting freely with
my old friend and former employer, Mr.
Sargent; 50 now, as changes appeared in
the financial horizon, often sought bis pri-
yatc room, and held long and .crious con-
sultatjcns rs to modes ot action, and seldom
attempted an extensive operation without
first obtaining Iii, counsel and advice for
inthiS. | felt my strength; and | u-.d to
return 20 my store ar ny home inyico.
rated and hanCfitt,l more than / can w,ll
express
The o'i man had son about my age,
though Ike biz father in many respects was
somewhat wild. and fond Of playing pranks
and practical Jokes, without considering as
much ~ he should haye done, what result,
might be produced from lis folly.
We had onc day made, % we believed
ample provision for meeting some immense
sums that gcre due On the day ensuing
and NJ. Sargent, knowing from long expo
rioucc, that he could trust to cur runctuali
ty aud Iromptituda, had agreed to loan u
ten thousand dollars, which We much need
, cd and f1r which sum we were to rccciy
p his check on the following morning.
Pleased with the prospect Of this assist
arcc, 50 checrfn,ly offered, particular
p when confidence, the erand, grand watch
word in al mercantile rarlancc, bad he
= come to ," considered at such low cbb.
was surprised, On arriving n Cur store Ia
! next morning, to find on my private de>l
: The following note from the man Of fe'
, words -
g India Street, Oct :. 1881.
g SIR | cannot let you have the amour
O | offered you yesterday.
: Yours, &c., JAMES SARGENT.
Surprised, astoai-hed, and alarmed b
+ ycua measure, rose hastily from my cbal
S and without one word to my pattner (alth
saw he noticed my troubled look IA
,- or rather flew with note in hand Ia Nr. -
! gents Office
10 / entered 1t, and closed The door behil
e; me. found the old man alone, looking
: ,tcrl'y a, hc used 10 do. when had /
d h., Of ha,> If coffee or casks of sugar
= too low price but being neither coffee
ID >ugar in tie case this time, | could on
i wait his motions, though was Do, al =
fl pared ior the blast that followed.
'ilaucjng 1T the no,e sill held in /.
Ia hand, and witch agitateI and shook IL /
Of trembling inee-s be broke ont in Wy
n net loud lu, dep
cr =, s.r, you had large party a. yo
house a. nicbt, and from the line of C.
ag riages / saw, As / accidentally pass.
through your street, it rn-' have baec
Id am
# There was q large parry there
Piled
.ta ..Of course rhcro was, sir, # cou
. there wa,-I soii - and plenty # :au
I'd ch D.
n T, ~ .7., 9-s.rf.r o--1 yvas i--,'