The Rutland daily globe. [volume] (Rutland, Vt.) 1873-1877, 1875-11-06
A Pleasing Episode in Wool Deal.
er's Experience.

writer in the United States Economist
has the following concerning the recent
fire aud failure at Cavendish, Vt. Messrs.
Ranken & Co., Consalus and Morgan, wool
dealers of this city were among the cred
itors and lost heavily. A number of gen.
tlemen from this and the adjoining states
were invited, on the 9th instant, to sur
prise party near the ruins of the wooden
mill lately destroyed by fire in the pleasant
little town Of Cavendish, VT, the induce
ment TO the entertainment being polite
invitation, worded as follows
DEAR SIRs-As you arc aware, have
met with severe loss by the destruction
of my Mill and Contents, by fire on the 9th
Instant. regret to state that my losses
have been so heavy, even above the In
surance, that ] cannot pay my Creditors as
much as l had hoped. respectfully re-
quest you or some one authorized to rep
resent your Interest, to meet my other
Creditors and myself, at my Office, near
the Ruins of my Mills, on Wednesday Oct.
9th, 1875, at 2.30P. NJ, when shall make
full showing Of my Losses, Debts and
Assets and hope to be able to effect a
compromise with all my Creditors.
My misfortune has been great, and l
must trust to the generous forbearance Of
| my Creditors.
Please advise me if you will attend on
| the day named.
Very respectfully,
Robert FTToN.
AT the appointed hour, the guests having
been duly welcomed by their courteous
host, who had evidently been for some
time preparing for them this surprise,
were then and there CURLY notified of bis
inability to meet his engagements, and
briefly stated that he was also on the spot
prepared to make his creditors cash offer
in settlement of their claims. "Remem-
Der, gentlemen" said the host, ''it is cas-,
propose to pay. and I have it," Having
thus whetted our appetites and encouraged
our sinking hearts by the thoughts of re.
ceiving money, he generously-for he
might have been less gcnerous-tendered
US the magnificent dividend of twenty per
cent. He endeavored to show us that in
less than three years he had lost over
$l30,O00 in his mill, notwithstanding he
hai purchased it with large amount of
slO 600 10 SS5 0O0, for he 1 ann Of z. s7 T
600. Had received from the insurance
companies, for loss on mill and stock,
1874, 300, and had also salvage of some
$4,000 to $50, 1000 in addition. His re-
spected paternal turns up with a secured
claim of over $50, 900, to the surprise of all
present, who had heretofore supposed that
he was troubled with impecuniosity.
| We were forcibly reminded of story
in an old work, of q certain man and his
steward. When one of the creditors more
| bold than the rest, ventured to be favored
with sight of the gentleman's books, he
was met by the announcement "that the
| books had been thrown out of the. office
windows, and had not been returned since
sno nlgnt oi me iro 'nal ne knew inc
,here wore oood reasons ' ,nhv 'a ahom om,d
not be forthcoming" together with sundry
other comments full as gratifying to the
an ,he Ra, w g., ne,e YVES mo-. 50 m1Sn
books had been in the safe, ' anu '"'
The gentleman also favored ia with GOV.
o.a, 80 sas.,;,;a.. - 49, 49,.
SIC" NJ" uei'"'''o", VI "o'u' no' sohoiaiiy