South Branch intelligencer. [volume] (Romney, Va. [W. Va.]) 1830-1896, 1891-06-12

ms, hss balance sheet shovel. Al
he end OF the ycxr. clesr prof, of
Ed 600, In other words. he had
doubled his capital, and VAS nov
worth .fi0, 900. John ral prod ted toe.
oy the rise, button account ,ot the
more limited exteut of his husinuss.
advanced 10. but 10000. hut With
this he vas we'll pleased, aud count.
Ell himself fortunate.
How abont our different m alters ?
said Stepen one day about this lima
IN rather an exciting toac. to his
cousin.
have no reason To complain Of
mine, said John, i. ,has served me
well. \.
But not so we'll as mine.
II il hardly time to- feel sure Of
that yet. said John.
L don't agree with you. shall
keep on as have begun. Indeed. I
shall exteod my operations. Tam in
treaty for larger store, and
For, larger store;P exclaimed
john, surprised.
Yes. II may suit y ou topoke along
at snsil>s pace, but BOAST q little
more enterprise.
You can't expect things will al
ways be 60 favorable as they have
this last year.
We must take things as they come,
OF course; bu. whea the sun shines.
rs tue time to make hay.
hope you will make plenty of it
anil be really for a shower, il that
should come.
Trust me for that. / know what
I'm about, You'd better follow nv
example.
How. move inc ilsrger stnreP
Yes; take this one which am
about to leave.
John shook bis head.
is too large for me, he said. /
am not yet ready to enlarge my ope-
rations beyo nv present limit.
| Wei. It's good advice I'm giving
you whether you take it OF not.
Pvs no doubt you think so, Ste
phsn. l hope you will meet with M
! reverses to shake your faith in your
motto.
So the two cousins gain separate ell,
aud earh continued tn do business in
his own way. Mt only did Stephen
incre sse his business expenses by oc
cupying store at higher rent, re.
curing an additionsi number of
clerks, but he also m owed into lac.
ger house and set up q carriage.
But circumstances still favored
Stephen. The rise in prices contin
ued. though n t to as great an extent,
and hiA stocS being larger. he cleared
another five thousand pounds. He
began to think of himself as destined
to be lucky, and in no danger Of an
reverses. But at the eud Of the third
year, which was less favorable. he
barely hell his own. Still be wa,
worth fifteen thousand pounds. The
tide has turned and be should have
taken IN sail. But this be saw no
i necessity for doing. So for two wears
| longer he kept on his way. In Cha,
time goods fell very c0usIderably
HIS stock was very large, and his
losses also very large. His property
b All shrunk to eight thousand pou md
while Johns bal increased To nine
thousand, aud he was nov the richer
OF tue two. John now felt authorized
Ia renting some what larger shop
while Stephen rem lined in his own.
L shall not be able, nor would il b,
iGteres' lug to detail the varying for.
tunes OF The succedIng years. Suffic,
u u say That at the end of ten YEAR,
John WIS worth fifteen thous san,
pounds, and was carrying on q SAT
and profitable business. Stephe,
found himself at the point where fail
ure was inevitable unless he coul,
obtain the immsdiste use of ten thous
3 aud pounds. His personal extraya
: gance and ill'juigod expansion ma
, account for this.
r ln this dilemma he bethought him
, self II his uncle. He male his wa
iato the well.kpown counting.room.
r hope everything is going vel
Stephen, said the merchant.
r %, yes said Stephen; that Is
pretty we'll. But, TO tell the trutI
: I'm Ia a tight place just at pre- sent.
Indeed Z fn sorry To hear it.
J, You see my operations are prett
large and l am afraid shalt have I
n suspend unless can raise ten thous
/ and pounds within week.
a That's a large sum.
Well, my business is large.
,. What d. you estimate your s!oc
> at?
n Twenty lhou9and pounds.
n VIII ten thousand pounds set 20
. free entirely z
}. No, said Stephen reluctantly,
i, have bill to the amount OF eigl
thousand morl maturing ia 81
I months.
= Deducting the proper margin,
] Is doubtful II yeur assets equal you
liabilities.
n A loan OF ten Thousand pound
\ would give me a chance to right ms
q self. Will you como 10 my help, NJ
/ Lingard
, The old gentleman shook bis hea,
Frankly, no, ! resolved when
started YOU out In business 10 ieay
you TO yourself without iurlbes he'll
Observing how you started. fore
: saw how things would turn out
You have held out longer than I 40