The morning news. [volume] (Savannah, Ga.) 1887-1900, 1895-03-24
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HONOR IN BUSINESS.
Some Remarkable Examples of Hon
esty When Unlocked For.
F'rom the Hartford Tlmes.


esty When Unlocked For.
From the Hartford Times.
Some people pay their debts, some do
not; some go in for liquidation. while
others again are content to so through
the process of being "whitewashed," and
after paying a certain sum, more or less
generally less). never allow such a triv-
ial matter as an unpaid balance to again
trouble them.
There have been, however, general ex-
ceptional and striking examples of COM
mercial honesty and integrity. instances
where men have owing to adverse cir
cumstance, come a cropper," but have
afterwards (many years afterwards, some
of them) paid their debts in full.
A notable case was recorded recently,
none the less striking because the man
owed but a small sum. Some six years
ago a young man had a tobacconist's
business in a town in the west Things
went wrong with him, and eventually he
left the town suddenly. His debts, in
Guiding two quarters rent, amounted al
together to $500. Recently he has re-
turned and not only paid all the money
he owed with interest up to date, but he
also insisted in giving a supper to his
creditors.
Such an instance as this deserves to
rank as honorable as that If Sir Moses
Montefiore, who. it win be remembered
made up for having failed by eventually
paying all his creditors, with per cent
interest
An equally noble example is afforded
in the history of the firm of Messrs. lex
ringhill. Failing in 1879 for large sum.
the partners were released from all their
obligations on payment of composition
of 50 cents on the dollar Since then they
have had to overcome many unlocked
for difficulties, but, that notwithstand-
ing. they have called their old creditors
together and at an outlay of over $4,000
have paid the 80 cents owing on every
dollar they were indebted.
A later instance Of honorable generosity
is related of a certain well-known gentle
man. a small company in which he
was interested went to the bad. and not
satisfied with simply bearing his own loss,
he has felt It his duty to pay in full the
balance to make up the amount invested
by the shareholders.
4 pleasant story is on record in connec-
ton with West of England building So
ciety, which a few years ago came to
grief. The cause Of this was the defalcs>
tons of an official who had won the I'M
limited confidence OF the whole board of
directors. The culprit was taxed with the
robbery. and, probably, because there was
no other way out of the difficulty, admit
ted his guilt and offered to make restitu-
ton, so far as lay in his power The
secretary and the directors, however,
were not satisfied with this, and to save
the credit of the society, as well as to
make it impossible for the shareholders
and depositors to suffer, they subscribed
between them every shilling Of which the
society had been robbed.
Another building society official, the sec
rotary this time, acting on sudden i'm
pulse" departed one night with $500 Of
the societys money. The society's head
quarters are In town on the south coast
Recently the directors have been pleas
antly surprised by the receipt OF $3.50. in
closed in a letter. 1t was from the former
secretary, the money being IAN install
ment toward making good his defalca-
tions.
A delicate method Of making good a
failure In early life was that employed
BY the late Mr.. Neville the great baker
Mr Nevilles first venture IN business
ended in bankruptcy. Failure made him
try harder TO succeed. and eventually ne
became wealthy. Then he invited each
Of his former creditors 70 dinner, AMI