Staunton spectator. [volume] (Staunton, Va.) 1849-1896, 1877-10-16
Readjustl emit Illustrated.
[ Extract from lette in the Lexington Ga

EXTRACT from lette in the Lexington Gazet
The State has n, business with VIII
one of Its bonds est the holder. III
business Is simpI to inquire, us
genuine ?" Let usillustratet this adjuS
m ent idea. William Alphin sells II
of supplies to Jams A. Frazier, ar|
takes Mr.. Frazier's tote for it, say, $50
1t turns out, that the money is not rel
dy when Mr.. Alplin needs it. q
meets Mr.. d. J. WhiIple, and says:
"Whipple, I have , trade On. han
and need some money for short tim
can. you do any thing lor me?"
Whipple says-"Wal, I don't know
Have you any good pIper?"
YES" says Alphin, "here is no
on Frazier for $500, YOU can have fl
$4OO?"
"All right. Assign itand here is yor
money!"
Whipple presents the note to Frazie
What then Frazier. if he has tt
money pays the principal and interes
and asks no questions, ps any 9TH
honest and sensible man would de
But suppose when the noteyas presen
ed Frazier would say:
"Whipple, what did you give for thi
note? suspect Bill Alptip has shaw
ed this to you, and I don't intend
pay cent more than you gave for it.
Methinks I hear Wlipple say
why, Frazier, you havenrned darne
fool! Isn't here your ow9handwritin
for $5OO?"
eyes, but" say F. "But'-th
Deuel." says w.
Frazier says, "This il what we ca
Adjustment you knov."
| Whipple replies, ITS what 1 ca
downright rasc atty, be plain wit
you. If that is what ,Ou call adjust
ment' I will show yo what readjus,
ment is before get though with you.
Vary the case littI. Suppose Frazie
had borrowed $1,000 fpm Madison Dun
lap, and used it in Improving his pro
perty and developig his business a
the Alum Springs. EMr. Dunlap nov
demands his none and Mr.. Frazie
says: II regret, NJ. Dunlap, to inform
you, that don't irend to pay a cent Q
the debt"
Dunlap, as soonss he RECEIVERS from
his surprise, aks, "Why. what
wrong?"
Frazier replies "You know when
got this money ines were easy and bu
siness ffourishin. I had fine run O
patronage and toney was plenty: NJ
property was with then ever $500, 900
Now couldn'tet 100000 for it. Ther
two men attened the springs to on,
now. So in vie general decline of bu
siness and Interpretation In the val
ues of property l have determined tt
keep what i've, and to pay no more
debts"
Nov, Mr.. Frazier" says Dunlap
"tell me whah the world had I to dir
with the declie in your business and
and the depreation of your property
, Didn't you usmy money In puttine
up your bulldogs and beautifying yoni
grounds :? Arnot all. those improve
ments still tire to show for tha,n-
selves ?"
Yes, but yGs is an old debt. and
need all my aopey to carry on nv
business, and lan't afford, and 1 don i
! intend to pay ay Of those old debts ?,i
I'm other wois, taen, you intend IN
repudiate ?" 7
"Oh, no! MrDunAp, that is SHOCK i.
ing word. Don'tall il that. I only in
tended to re adlst,"
You intend t0ched me out of nv
money. 1t is allhe &me to me. call ii
what you will.'f
} These illustrations bow simply what
"adlustneNt, Te. Mjafment, and repx-
djahaa" as applitd1the States obi
cations mean whe1 3plied to the COM
mon business TRANSITIONS of men. IN