Asheville daily citizen., 1894-03-13
DEBTORS AND CREDITORS
A SPIRIT OF FORBEARANcE
II APPROPRIATE NOW.
Are Ashe Vile Credi,Ors MO e Ex
aching Than Those Outside the
S,ste RI, would Seem TO THIS
cou,ributor That such Was The
Case.

Case.
EDITOR THE CITIZEN The financial
pressure, for the 12 months gone, mas
well nigh been universal, reaching IRON
the lakes to the gulf, from ocean to ocean
and extending even beyond these boun
daries into foreign countries. We nave
all felt it, rich and poor, northerner and
southeruer. 1t is not the purpose ot the
writer to enter into discussion OF the
causes bringing about the "panicy
times" The reasons assigned are multi
various. Every man has his own pet
idea-these different ideas leading to an
agreement upon possihlv one thing onIv
want o. confidence.
The best authorities on finance tell us
the South has stood the pressure tettcr
than any other section. We know thai
our Mountain City mas passeu
through the ordeal well, II indeed 1t mas
lassed the ordeal and we have many
proots that it has. 1t rests now with our
''creditor class" as to whether we Sha"
have easv sailing and pass from duilnesS
and depression to activity and prosper
ity. To our home creditor class my oN'
scrya,iou has been and blush to SAY II,
that our home people are decidedly more
exactinp than those holding rlalms
abroad.
We read of the lev money Ioaner
Shylock" aud are horrihcd at the idea
that such a monster should have btto
tolerated in any country, and Nel NAV
it not be possible that we have III on'
very midst worse men: Is 1t not WorS'
to force into bankruptcy ana TO stl
from man the hard earnings OF 5 III
at a time when there are no hNed Vaiut
on auvthing-destrov his piece OF minu
discourage and hu,nlliatc him, depuN
his family of the necessary comforts q
home. because iorsooth he has faIItu L
nav six or twelve months interest o
money upon which he has paid bis I
not usurious) interest tor enc, Two O
three and some lour wears; asN, Is
not worse than to sXact as 9hH 'oNN
did the pound Of flesh : WHAT is II
these parties that they take eNeIytN'"
man has, even his credit, wh'sh 10
business man is worth more tuau d
else, because OF the unpardonao't St'H
OF not paving siX OF twelve months Il
terest. ill.,,
There seems to be bc no chartap
DISPOSITION upon the part ot but lew
saw to the dollar class, the pan't
has depress all business, lowered Il
prices of everything (exccpl my none
and will share with YOU the losses
living YOU time tostraiShten up. upt
The contrary it is, you must pay 'l'e
take the consequences. lhefe are 'o'
closure notices Oh our couit no"
today that will sweep little lortunt t,,
almost, from many. one that VIII ."
five thousand dollars worth oi !"'
from one, ten from another, liieen 'ro
another. and one up to twenty-hNc
thirty thousand and for the reason IN
these parties, collectively or as ihd'F
uols. have not been able to pay to |
party toreclosing thousand or so d
lars interest. The securities have nc
,m,le and satisfactory for two OF TIL
wears. but when the interest is ioI,
coming the whole thing is chahseu' /
law justihes the procedure ana l.
makes right 80.
Is it want OF confidence or Isl an
difference to all else. so the 'SnNIoe'
rct what the law saws theE may
nandl will be more charitaoIe
say that believe it is want OF lhou-
as to the consequences to Others ana
the fair name OF our city, for there
be no question but that every toreGI tore.G(I
ure, and more particularly every tailr
is a stain upon the character OF our r, &C
muuity. MAY we not hope that for
future there will be cultivated a sp'F'
torbearancc on the part OF 'credito
and renewed effort upon the par
debtors" to meet as near as III
them lies the demands OF the former
For AsheyM