The Democratic press. [volume] (Ravenna, O. [Ohio]) 1868-1901, 1878-01-31
For the PRESS


Among the many theories advanced
as to the why and wherefore of 81
many failures among men supposed te
be honorable, there ls,perhaps, no ont
theory which is entirely satisfactory
to all. Our reason commonly given ii
the large amount of interest daily &C.
cumulating On their borrowed capital
A man must be either an idiot or a
reckless criminal who will continue to
do business-until he is forced to close
by his creditors-when the annual in
terest Oh his =" borrowed capital" is
more than the profits of his business.
But such things are of common occur
renee, and when the crash comes, out
upon the tide of public opinion goes a
great wall OF sympathy for the "poor
helpless family" who have so long been
accustomed to luxury that it will be
impossible for them to live in any 9TH
er; manner; and right here is, perhaps,
one of the very reasons why the firm
failed TO meet its obligations. We all
know that small leak in the bottom
of pail will soon drain the pail dry,
and yet that Luxurious family" goes
on induIgiDg in extravgancies their
creditors would not presume to think
they could afford. What business have
they 10 live in luxury at the expense of
other people? 1t is shameful and
dishOnorable thing 10 do, and ought to
be denounced by every right-minded
man and woman. Very little sympa.
thy is ever expressed for the creditors,
because one has money enough left 10
live on, and probably will not suffer
want from the loss; another sis ac-
customed to work" and he or she can
continue to work and earn more mon.
ey, but that "luxurious family" must
not be deprived OF any Of their accus-
toned luxuries because they have al
ways been accustomed to them. 1t is
cowardly for man to allow his fam
lily to live beyond his means without
informing them of the true state of his
financies and insisting upon reduc-
tion OF expenses to suit his income.-
There is no wife in the world who
would not cheerfuily adapt herself TO
the state of affairs under such circum-
stances and assist and encourage her
husband in every possible way; but
men keep their financial difficulties to
themselves to the last, and call this
miserable weakness pride or love for
the beloved ones.
Whstever may be the cause of these
numerous failures-whetherit it be 'stoo
high rate of interest,"" or want of
capital or extravaganza of family"
hat is of American society, it is a
thing to be deplored and no man should
be held accountable who fails from
either or any of these causes. But it
seems TO be thought a matter OF very
small moment now, for u man to bor-
row hundreds and thousands of dol.
lars from every man and particularly
every woman who has dollar, and is
enough to be called his
friend land after disposing of it in some
way or other aAdeclare himself insol-
vent and go into bankruptcy. alter
" hich he will build an elegant house
or go West and buy fine farm, his
ignorant and obtuse victims looking
with surprise and wonder upon the
magic power which produces such
grand results out of nothing.
The man who fails in business maov
not be dishonorable, but he who takes
he benefit of the bankrupt law, thus
his creditors by effectually
cutting off all possible chance of their
,ver realizing any thing out of their
ust claims, is no better than a com.
non thief, and it is lasting disgrace
. our Lawmakers that such things
AN be. A VICrIM.