The diamond drill. (Crystal Falls, Iron County, Mich.) 1887-1996, 1895-06-29
HONOR IN BUSINESS.
BSharkable Examples Of I'm
lookod-Tor Honesty.
fome Notable Instances Vhoroin Rank
+ rupss Have Made ruli Rcsti-
4 tuition Without LEGAL
Comp1islon.


Some people pay their debts; some do
not; some 20 in for liquidation. while
Others again are content to 70 through
the process Of being 'swhitewashcd"
and after paying certain sum, more
~ less generally less, never allow
" Il trivial matter as an unpaid bal
Wce to again trouble them, says an ex-
| change.
< h There have been. however. several
/ exceptional and striking examples Of
commercial honesty and integrity, In
stances where men have, owing to adj
Verse circumstances, "connc cropper, -
but have afterward 0many years after
ward, some Of thcm) paid their debts Ia
full, says London journal.
A notable case was recorded recent
~, none the less striking because the
man owed but small sum. Some six
years ago young man had tobacco
nist's business in q town in the west
Things went wrong with him and
eventually he left the town suddenly.
Ills debts, including two quarters rent.
amounted altogether TO five hundred
dollars. Recently he has returned and
not only paid all the money he Owed,
with interest up to date, but nc also in
ed on giving a supper to his credit
Such an instance as this deserves TO
rank as honorably as TINT Of Sir Moses
Montcilorc, who, it will be remembered,
made up for having failed by eventual
1y paying all his creditors with seven
per cent. interest.
An equally noble example Is afforded
in the history of the firm of Messrs.
Iclsringill. Failing in 1879 for large
sum, the ptrtncrs were released from
all their obligations on payment of
fifty cents on the dollar. Since then
they have had to overcome many I'M
looked-for difficulties, but, that not
withdrawing, they have called their
old creditors together, and at an out
lay OF over fifty thousand dollars have
paid the fifty cents owing ON every doll
lar they were indebted.
A later instance Of honorable gcner-
osity is related OF certain wcll-lSnown
gentleman a small company in which
he was interested went TO the bad, and,
not satisfied with simply bearing his
own loss, he has felt II his duty to pay
in full the balance TO mako up the
amount invested by Che shareholders.
A pleasant story Is on record in con-
nection with west OF England build
ing society, which few years AFRO
came to grief The cause Of this was
the dcfalcations OF an official who had
won the unlimited confidence Of the
whole board Of directors. The eulprit
was taxed with tho robbery, and, prob
ably because there was no other way
.out OF the difficulty. admitted his guilt
nd offered to make restitution, SO far
a Law Ia his power. The secretary and
the directors, however, were not salts
fed with this, and TO save the credit OF
the society. as well Us 10 make 1t inn
possible for the shareholders and de-
pos.torb to suffer, they subscribed be-
tween them every chilling of which the
society had been robbed.
Another building-socicty official, the
secretary, this time, acting on sub
den impulse departed one night with
six hundred dollars of the society
money. The society's headquarters arc
In |, down on the south coast. Recent
Ia The directors hnvc been pleasantly
Surprised by the receipt Of two hun
dred and City dollars, incloscd in q
letter. II was from the former secre
tarv. The money being IAN INSTALL
mcntr toward making good his defalca
tions.
a delicate method OF making good .
failure in early lie that was employed
bv The late Mr.. Neville, the grca'
,,alfcr. Mr.. Neville's FIRST venture II
business ended In bankruptcy. Failure
made him try harder 70 sncceed ane
eventually hc became wealthy. Tncf
he invited each Of his former creditors
20 d dinner and under the cover set To-
each was placed check for The
balance owing, with compound inter
est up TO date
In 1892 large firm Of merchant
failod for considerable sum. The,
paid forty cents on the dollar. Recent
IL one OF the partners (the one wh'
was. pcrhafss, least responsible for tn
Afailure) returned from America, and
4 after considerable dilIlculty, succcede'
n tracing every creditor, TO whom n
has paid the balance due. This y
spife Of the fact Tint after SO doing n
was left with less than two hundre'
pounds with which 70 start the WORE
anew. -