The Tipton advertiser. [volume] (Tipton, Cedar Co., Iowa) 1856-1962, 1869-08-19

THE MAN WHO TRIED TO BoR
ROW HIASRLF OUT OF
DEBT. ...
There are great many difficult, ane
some impossible things; but no mattel
how difficult or impossible thing may
be, you will always find people in thu
world ready to undertake its accom-
plishment. whether 1t be the discovery
of perpetual motion or the equally 70
mantle attempt to get out Of debt by Dol
rowing. ssrc .,. -. ........ ......
Ofall the hard work in the world, t.
live by borrowing 10 perhaps the hard
est, and of all the mean work in the
world, that is about the meanest. Pride
Independence aud self-respect, one afteI
the other. are sa,rificed, until the man
sinks into contempt. 81
Peter Oglethorpe was not a borrower
ty profession. He had started in life
with small patrimony, and worked
along independently until his tiftieth
year, when losses In trade deprived him
Of the means Of paying certain obliga-
tions, and he found himself suddenly
involved in trouble.
"Mr. Oglethorpe," said . man who
came into his office one morning about
this time II want you to settle that &C.
count"
1T is impossible to do so now, Mr..
Spicer-wholly impossible. You have
heard Of my trouble?" Mr.. Oglethorpe
exhibited both distress and asita-
ton.
mo; have trouble enough of my
own, without look ing after that of other
people," was rather gruffiy answered.
He had heard Of the trouble, however,
and had called among the first to secure
his debt, IL possible.
II nave met heavy losses, losses that
cover more than am worth. At a
time when / expected to be easy and
comfortable, find myself suddenly
thrown to the wall s r- "a. +.
"What do you purpose: ::,soing:" asked
Mr.. Spicer. abruptly.
"D"i"g justly" was answered with
some dignity Of manner.
mo one doubts that" said the credit
or softening considerably. "But what
are the steps you propose taking?"
"My trouble il 50 recent" replied Og-
elthorpe, "that remain undecided as
to the best course Of action. But Of one
thing you may be certain-there will be
no preference Of one creditor over an
other; all will be treated alike"
''Then you mean to stop payment?"
"If have lost the means of payment
now am 10 pay my ooligations:"
"You are evidently putting the worst
face upon your affairs. Mr.. Oglethrope.
Let me suggest a different course of ac-
ton"
"Say on" Mr.. Oglethorpe cast his
eyes to the floor aud bent his head in
silent attention.
Don't think of giving up in this
way" The tone of Mr.. Spicer was ill.,
but how am to go forward?" was
the debtors prompt Interrogation. "For
instance, l owe you two hundred dollars
and you want the money"
II do"
"Very we'll. And what next:"
Borrow"
''Borrow?"
Eyes. You have many friends who
will take pleasure in giving you tempo
rary aid. This disaster may not prove
so serious as you imagine, aud you may
he able to struggle through and recover
yourself without u shadow being cast
on your good name. If you suffer pres.
ent obligations to be dishonored, re-
member that your reputation must re.
ceive II stain. This cannot be avoided.
There are men who have no word but
dishonest with which to designate
those who fail to pay them what is due,
no matter what causes produce the fail
ure. Think of this, and weigh well the
consequences before you take the
doubtful step you have proposed to your
SELF You have u family, and for their
sakes do not permit this disgrace to come
upon you and them.
Mr.. Oglethorpe was partially stunned
by this. He had not thought Of dis.
grace-only of misfortune. He sat
for some time like one stupefied.
Don't give up sir!-don't give upv'
Mr.. Sricer laid his hand on the arm of
Mr.. Oglethorpo aud spoke cheerily.-
Never let it be said that you permitted
all obligation to remain uncancelIed.-
Put on brave, cheerful face, and you
will go through. ! can wait until to-
morrow for my money. That will give
you time to turn around. Aud when.
ever you want aid or counsel, remember
that Jacob Spicer is your friend"
The creditors counsels prevailed. Mr..
Ogiethorpe, instead OF standing up
bravely aud meeting his trouble face to
face, began the hopeless task of borrow.
ing out of debt. He was involved be.
yond his means of payment about five
thousand dollars. His business yielded
him little over twenty five hundred
dollars a year in net profits; and as his
family pynenSoS never oynoodad tiftoov