Delaware Republican. (Wilmington, Del.) 1843-1874, 1873-11-06

x3llss.- -.
Sscams. LOst.-The Pacific Mail steamshi,
a Company has received disp atcL from thei
!, agent announcing the wreck and complete los
OF the steamer Ariel, which has been ruunip,
between Yokohama AND Hakodad The pass
engers were saved. The Ariel was one of til,
!, oiuest steamers the company, and was val
q ued at $4,000
Fire.-A house occupied by a colored family
al the corner Of Sixth and Walnut streets, wa!
oadiy damaged by fire yesterday afternoon. The
{ engine companies turned out and soon extin
I gnished the flames.
George Ii. Vincent, ESQ, late Treasurer Of
Sussex County, has removed from Concord
.. Delaware, to Wilmington.
For the Republican.
RoADs.-Roads are said to be marks of civil
lizaiion and tile better they are as to the way
they are made and the condition In which they
are kept the higher the general state of the peo-
pie to whom they belong. Good roads are
certainly very desirable for convenience and for
comfort; and are a necessity at all periods Of
the year. 1t is generally al inquiry of new
corners into II neighborhond, As to the kind or
quality OF the roads, aud the modes and conye-
niences for getting 10 and fro. On account of
the frequent and heavy rains of the present
year, the roads generally have been in very
Imperfect condition and oftener might be de-
| p""t "tSoIuItiSy lucy received pro-
| per or more or less attention AS To proper at
tentioi, is IL possible, that it can be given by
| tho present system Of repairf Is the present
mode the right, or the best, or the most econo-
mical one, may be an inquiry? The roads are
now worked by gangs Of men and boys, made
up promiscuoisly in ncghbOrhood, as they
may be ha'l, and as enables each interested far
mer topay his road tax. How well or how bad
~ the repairs may be made, depends upon the
| notions of those engaged. They are sometimes
menJed very roughly and imperfectly, without
doubt; and The mendngs are generally at stated
seasons and far between; erhaps wh, there
is most leisure and il suits the convenience of
neghborlood; then they remain out Of order
and are trying to vehicle aud driver for the
rest OF the year. Tho road tax last year In
Brandywlne Hundred amounted to near S6OOO
and some of the roads were long and shocknQly
pad Suppose now that instead of pursuing our
present Imperfect and expensive system, the
commissioners employed Gas is the custom ia
Inherent parts,) small gangs of men, whose spe-
cial business ii was TO 90 up and down the roads,
anu apply the stitch In time, rule. When the
| roads were once in repair, how little labor will
be required TO keep them SO, by little constant
oversight. And would these not b.. "a saving?
Could not four men mend and keep In capital
order all The roads in Brandywue Hundred a.
saving oftwo or three thousand dollars -
There might be a little extra assistance required
IN The Spring, but not afterwards. The men
would work two and two dividing the Hundred
between them, going up and down, and bestow-
ing the needed attention when the wasl, or the
hole was yet small one. These thoughts are
presented to those most Interested, those who
travel and pay taxes, and they are kindly uyt-
ed to ponder them. What is best and cheapest
for laisc sections OF the world elsewhere, NAV
be the best and cheapest for us. g.
Tue WASTE OF Observation-Disclosures
from the inevitable waste that attends the wind
ing up of suspended concerns IN bankruptcy are
telling their experience in the newspapers and
showing up what they conceive to be the njur-
ious operations Of the law, and the attendant
proceedings We find the following in the Phil
adelphia Ecening Telegraph:
SIR Il would like TO add my experience of
bankruptcy to that Of "One Who Knows /,
too, have been interested rs a creditor I'm es-
tatcs that have been thrown into court, aud
have learned something OF that mode Of wind
ing up suspended Concerns. But IL seems to
me that he has Jared better than have. Thir-
ty-thrac per cent. out of an estate in bankrupt,
cy Is something | have never been fortunate
enough TO get, even fifteen, with chance of
lve more, goes ahead Of my best dividend
ms was realized in the case of L. III. and d.
I. Vetterlein. They suspended about three
years ago with liabilities amounting TO nearly
$2lv,ooo. AT first they proposed 10 ply 15 cents
on the dollar, time being given for the payment
offered 90 cents, with good security. With
this latter proposition the Philadelphia creditors
were satisfied, but the New York creditors re-
fusedto accept il and forced the tate INTO bank
rupicy. The general opinion Of those who in
vestigated the business was that it would real
lie u surplus Of fifty thousand dollars beyond The
guaranteed fifty per cent. of indebtedness
Under the management of the Bankruptcy
Court IL las paid, aud that only recently, 10 per
cent. Some people are sanguine enough T.
think that further dividend may be paid. /
should b. glad to think so, too, but have yet to
see the first sign of a foundation for hope. SO
lar, then, the estate has not only not paid as
much rs was offered, but ac!llally not as much
as interest Oh the ainoint OF indebtedness. -
Grosscr cases of waste have doubtless occurred
In The experience of others, as they have in my
own, but this is bad enough la all curscicnce---
Not only have the creditors been defraiided BY
the bankruptcy machinery ont of sixty-eight
per cent. OF the money actually offered them,
but the debtors have lost the fifty thousand dol
lars which most Of their creditors were perfect
~ Willing that they should have. Still, | was
not disappointed had been there before, aud
Jared much worse. | had been creditor Of
estates that hai paid only two or three per cent.
IN bankruptcy. Therefore, when found that
Tue Netterleins mad been forced into court, |
adopted plan resolved on some years before.
| at once Wrote oil the amount uf my claim,
Carrying il to the profit and loss account. ex-
pected nothing, and therefore took what came
by the grace OF the bankruptcy officials pretty
much AS one receives All slinlooked for legacy.
| was glad to have ii, but | wondered al lis
coming. | wondered that when bankruptcy
had eaten 80 much If the pie 1t should pause in
It's meal and leave such pitiful bit of crist.---
some Of those who advocated pl shlns the house
into bankruptcy explain this small result bv re-
ferrlhg To the litigation that DISTRACTED lis set
tlemcnt II, say they, there had been M law
suits, a better dividend wo,ild hare been real
lied and paid sooner. of course; hnl who
ever heaId Of Il large cS' ate hcing wound up in
bankruptcy without itiS ltion rher, nlwass
have been lawsuits i'll such eases, aild there al
ways will h.. Litigation is Inevitable in the
nature OF things, and the creditors may thank
Their lucky stars when il is MT prolonged until
there are no longer funds 10 carry it on WITH
For, indeed, | have heard of instances in which
there has been some talk of bringing the cie,li-
tors in as debtors la the estate in order 10 de.
fray the expenses of its settlement. In fact,
tue whole Course of bankruptcy, under the ex-
isling law, is so monstrousiy extravasant and
utterly wastciul, that can only marvel at any
business man who rejects in his favor an hon.
orable proposition from his debtor. feel as
surcd he only does so, because, having no per-
sonal experience Of bankruptcy, lie neglects to
inquire concerning it. He iorgels his ordinary
business prudence and starts venture without
first counting tie risk.
NiCTIM OF BANKRUPTCY,
HE BALDWIN LOGON lrivE WoRKs.--At
the Baldwin Locomotive Works there were
$500 men employed when the strillgency CON
menced in September. About half Of these have
beer discharged, leaving 1880 men now work
lug OH three quarter time, commencing work al
eight in the morning and quitting at half past
four IN The evening. In the middle of Septem-
Der the firm had orders enough on hand to keep
them at work until December lst, but there
nj ono flllinn Ii hl,,,,a .,rdnna IL.