The Ketchum keystone. [volume] (Ketchum, Idaho) 1885-1899, 1895-06-08
HONOR IN BUSINESS.
Remarkable Examplee OF Un-
looked-For Hone sty.
some Notable INSTANCES Wherean HAnk-
rupts Have llade rull Reafl-
tutaon without Legal
Compulalo0.

Some people pay their debts; some do
not; some go in for liquidation, while
others again are content TO go through
the process of being "whitewashed"
and after paying certain sum, more
or less generally less), never allow
such a trivial matter as an unpaid bal
ance to again trouble them, says an ex-
change.
There have been, however, several
exceptional and striking examples OF
commercial honesty and integrity, in
stances where men have, owing to ad-
verse circumstances. 'come cropper, !"
but have afterward (many years after
ward, some of them) paid their debts In
full, says London journal.
A notable case was recorded recent
ly, none the less striking because the
man owed but small sum. Some six
years ago young man had tobacco
nist's business in town in the west.
Things went wrong with him and
eventually he left the town suddenly.
His 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 he also in
sisted on giving a supper to his credit
Ors.
Such an instance as this deserves to
rank as honorably as that Of Sir Moses
Monte1ore, who, it will be remembered,
made up for having failed by eventual
ly 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 largo
SUM, the partners were released from
all their obligations on payment OF
ifty cents on the dollar. Since then
they have had to overcome many un-
loolsed-for difficulties, but. that not
withstanding, they have called their
old creditors together, and at an out
Law of over fifty thousand dollars have
paid the fifty cents owing on every dol
lar they were indebted.
A later instance of honorable gener-
os:.y is related of certain well-lknown
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 it his duty to pay
in full the balance to make up the
amount invested by the shareholders.
A pleasant story is on record in con-
nection with west of England build
ing society, which a few years ago
came to grief. The cause OF this was
the Oscillations of an official who had
won the unlimited confidence OF the
whole board of directors. The culprlt
was taxed with the robbery, and, prob
ably because there was no other way
out of the difficulty, admitted his guilt
and offered to make restitution, so far
as lay in his power. The secretary and
the directors, however, were not salts
fed with this, and to save the credit OF
the society. as well as to make it i'm
possible for the shareholders and de-
pos.tors to suffer, they subscribed be-
tween them every shilling Of which the
society had been robbed.
Another brilding-society official, the
secretary, this time, acting on q sub
den impulse" departed one night with
six hundred dollars of the society's
money. The society's headquarters are
in a down on the south coast. Recent
ly the directors have been pleasantly
surprised by the receipt of two hun
dred and fifty dollars, inclosed in
letter. 1t was from the former secrc'
tary, the money being IAN Install
ment' toward making good his defalca'
tions.
Adelicate method Of making good q
failure in early life that was employed
by the late Mr.. Neville, the great
baker. Mr.. Neville's first venture IN
business ended in bankruptcy. Failure
made him try harder to succeed and
eventually he became wealthy. Iher
he invited each of his former creditors
to q dinner and under the cover set fol
each was placed check for the
balance owing, with compound inter
est up to date.
In 1882 q large firm Of merchant.
failed for a considerable sum. They
paid forty cents on the dollar. Recent
" one of the partners (the one who
was, perhaps, least responsible for thu
failure) returned from America, ana
after considerable difficulty, succeeded
n tracing every creditor, to whom n
has Maid the balance due. This, II
sn;te Of the fact that after so doing h'
was left with less than two hundred
pounds with which to start the worlt
anew.
Trials OF Tourists.
There turned up at Hamilton, in th'
Bermudas, the other day, q company Q
several hundred British tourists. includ
mo Sir Arthur Sullivan and man.