Grant County herald. [volume] (Lancaster, Wis.) 1850-1968, 1890-07-17

a snail's pace. but boast a little more
enterprise
You can't expect things will always
De as favorable as they have been this
last year"
We must take things as they come,
OF course; but when the sun shines it's
the time to make hay"
Il hope you will make plenty of it
and be ready for shower, if that should
come
Trust me for that. know what I'm
about You'd better follow my ex-
ample"
How, move into a larger store2"
Yes; take this one which am about
to leave"
John shook his head.
1T is too large for me, " he said. 81
am not yet ready to enlarge my opera
tons beyond my present limit"
Well, it's good advice I'm giving you,
whether you take it or not"
'.I've no doubt you think so, Stephen.
l hope you viii meet with no reverses TO
shake your faith in your motto"
So the two cousins again separated
and each continued to do business in his
own way. Not only did stephen in
crease his business expenses by occupy
ing a store at higher rent, requiring
an additional number OF clerks, but he
also moved into larger house and set
/ up a carriage.
But circumstances still favored Ste
4 phen. The rise in price continued,
+ though not to as great an extent, and,
his stock being larger, he cleared an
/ other five thousand pounds. He began
to think himself as destined to be lucky
and in no danger of any reverses. But
at the end of the third year, which was
/ less favorable, he barely held his own.
/ Still, he was worth fifteen thousand
4 pounds. The tide had turned and he
/ should have taken in sail. But this he
saw no necessity for doing So for two
years longer he kept on his way. In
that time goods fell very considerably.
His stock was very large and his losses
also very large. His property had shrunk
4 to eight thousand dollars, while Johns
! had increased to nine thousand and he
was now the richer Of the two, John
now felt authorized in renting some
what larger shop, while stephen re-
manned in his own.
shall not be able. nor would il be
interesting, to detail the varying fort
unes of the succeeding years. Suffice it
to say that at the end of ten years John
was worth fifteen thousand pounds, and
was carrying on safe and profitable
business. stephen found himself at a
point where failure was inevitable un-
less he could obtain the immediate use
of ten thousand pounds. His personal
extravaganza and ill-judged expansion
may account for this.
In this dilemma he bethought him
self of his uncle He made his way TO
the well-known counting-room, and was
shown into Mr.. Lingard's private room.
Il hope every thing is going well,
stephen, said the merchant.
80, yes, said stephen. that is, pref
ty well. But, to tell the truth, I'm in
tight place just at present
"Indeed; I'm sorry to hear it.
"You see my operations are pretty
large, and | am afraid I shall have to
suspend unless l can raise ten thousand
pounds within week"
That's a large sum.
"Weu, my business is large"
What do you estimate your stock at?'
Twenty thousand pounds"
"Will ten thousand pounds set you
free entirely?"
mo" said stephen, reluctantly. "T
have bills 70 the amount Of eight thou
sand more maturing in six months.
"Deducting the proper margin, it is
doubtful if your assets equal your liza
bilities.
"A loan Of ten thousand pounds would
give me a chance to right myself Will
you come to my help, Mr.. Lingard?"
The old gentleman shook his head
Frankly. no. l resolved when l
started you in business to leave you to
yourself without further help. Observ-
ing how you started, | foresaw how
things would turn out. You have held
out longer than | anticipated.
"Then shat am | to do, sir?' asked
Stephen, gloomily.
81 advise you to call your creditors
and make frank statement. If they
allow you to go on contract your opera
tions, take smaller store and be-
gin over again. If you prefer, however,
| will give you clerkship at five hun
dred pounds salary. presume my part
ner would not object
Your partner, sir? Have you taken
one?"
YES; find | am getting old and need
rest"
May ask who he tsp
lit is John Warren.
stephen sprang to his feet in amaze
I want aprrar "a nd pDvv Tohn AEarrpn IN
be placed so far above his head!
why is this?" he asked, in an I'M
steady voice.
cit is because John Warren is a good,
| reliable business man. Had you shown
the same good judgment, sagacity and
moderation | should have taken you,
also, into partnership; but, l tell you
4 frankly, can not trust my business in
your hands.
STEPHEN left the Office abruptly, angry