Alpena weekly argus. [volume] (Alpena, Mich.) 1871-1893, 1877-01-10
~ believe he can" said Mr.. High


81 believe he car" said Mr.. High
land.
"And / doubt it," returned Mr..
Elder.
The efforts Of Elder to efface the
impression the words Of Highland
had made proved in vain. II was
agreed that the debtor should re-
ceive the extension he asked
When informed, Carlton could not
hide his emotions, though he strove
hard to do so. His grateful ack-
nowledgement touched more than
one heart that had been cold as ice
toward him a short time before
How different were his feelings
when he met his family in the ev-
ening, and silently thanked heaven
that the cloud which had lowered
over, and threatened to break in
dessolating tempest, had passed
from the sky.
Long before the arrival Of the
time for which an extension had
been granted, Mr.. Carlton was able
pay everything, and to look in the
face, without unpleasant emotions,
every man he met.
Strange things happen In real
life. Mr.. Elder was a shipper, and
extensively engaged in trade. For
a series Of years everything went
on prosperously with him. His
ventures always found a good mar
ket. and his consignments safe and
energetic factors. All this he at
tributed to his own business acu-
men.
"I never make bad shipments"
he would sometimes say. al never
consign to doubtful agents"
A man like Mr.. Elder Is rarely
permitted to go through life with
out practical conviction that he i,
In the hands Of One who govern.
all events. 1t is rarely that such q
one does not become painfully con-
scious, in the end, that human pru-
dence is nothing.
The first thing that occurred to
check the confident spirit Of Mr..
Elder was the loss Of ship and
cargo under circumstances that
gave the underwriters q fair pies
for not paying the risk. He sued
and was cast. The loss was twen-
ty-five thousand dollars.
A few weeks after, news came
that a shipment to the South liner.
ican coast had resulted in . loss.-
From that time everything seemed
to go wrong. His adventures found
q glutted market, and his return
csrgoes . depression Of prices. Il
he held on to . thing in the hope
of better rates, prices would &C
down, until, in desperate mood he
would sell; then prices would &C
up steadily. The time was whsr
he could conflne himself strictly &c
legitimate trade, but q mania fol
speculation now took hold OF hin
and urged him on to ruin. He ever
ventured into the bewildering pre-
cincts Of the stock market, luret
by the hope Of splendid results
Here he stood upon ground tina
soon crumbled beneath his feet
A loes Of twenty or thirty Thousand
dollars cured him Of his folly, an(
he turned with Q sigh to his count
ing-room TO digest, with care anC
prudent forethought, some ssf'
operations in his regular business.
The true balance of his min'
was lost. He could not considel
with calmness the business in hand
A false move was tho consequence
Loss instead Of profit was the un
fortunate result.
Seven years from the day Nh
Elder opposed an arrangement Wit
Mr.. Carlton, which should regart
the debtor as well as the creditor
he himself found 1t impossible +
provide for all his heavy payments
!. | For some time he had kept hi
head above water by making sscri
fees, but the end OF this came.
After a sleepless night the mer
chant started one morning for hi
store, oppressed with the sad cor
viction that before the day close
hi. fair fame would be tarnished.-
As he walked along, Mr.. Garlic
came to his side with q cheerfu
salutation. Mr.. Carlton was now
) large creditor, instead OF a debtor
On that very day bills in his favo
,at,rod to tha amouut of fiy