The commercial. (Union City, Tenn.) 190?-193?, 1909-09-17

: was too sangulne. lie was an optlml
strictly and placed too much confdenC
in the advice from heads of exchange
and their satellites who have no othe
end in view than the final overthrow {
the public or those who venture as di
e the president Of the Hardy Grain Com
! pany. Up to the time of entering tn
grain business the gentleman had beel
successful not only in his business I'm
dertakings but in assisting many of hi
young friends towards successful bust
: ness career. He was a liberal, broad
minded citizen and extensively popular
on account of these things. No one
ever suspected his inability to succeed
in the grain business, and no one tax
ing a reasonable view of the matter be-
lieveS that the plant was not, independ-
ent of speculation in futures, paying
investment. To rivet this opinion we
have the word of his associates in bust
ness to the effect that the earnings of
the company outside of futures largely
exceeded the expenditures, but that the
profits were sacrificed in an attempt to
reap larger returns through the grain
exchanges. Such were the facts in the
case of the president, and while he was
misled too much by the fascination and
anticipation of larger fortunes in indie
pendent speculation the thought far
thest from his mind was the sacrifice of
his creditors and friends in failure.
This may be said to be a charitable
construction of the case, but hundreds
of those who were close to the unfortu-
nate man believe it is absolutely true.
So much for the president, but what of
those in business with him.
Engaged in business as stockholders
in an official capacity and the entire
force directing the operation of the Off
ces and mills were gentlemen all as hon |
orable, fair-minded, unselfsh and reIia-
BILE as ever assembled in any man S
office or workshop. They are men of
the highest type. Some of these men,
we are sure, disagreed with the presi-
dent as to his business policy, but the
bulk of the holdings were in the name
of the president and his judgment con-
trolled There were no personal differ
ences, however, and no more congenial
gentlemen ever did business
in any Office or mill.
Union City has suffered many mis-
fortunes, but none so far reaching in
business way as this failure, even if
every false rumor and misconception
could be corrected. The town has not
only suffered at the hands of unfriendly
persons but often by its over Jealous s
and misguided friends. There is never t
anything lost by the exercise of lib
eral spirit and an unselfsh interest in i
our community affairs.
As we stated in the outset the Hardy l
Grain Company plant will be offered {
1t public sale, and every man who has |
IN interest in our town should be filled
With a desire, a laudable effort, to re- ]
tore the confidence which has been lost {
Il this failure and to induce capital to {
'ome among us and take the place of I
hat which has been taken from us bv Y
he Vaccinations of malevolent and I'M Y
operators in the grain mar e
,et exchanges, those who have by de- Il
option and chicanery taken advantage C
f our own business men and citizens. Il
he plant of the Hardy Grain Com G
any is one of the most valuable in the C
tate, and, located as it is in one of the n
nest grain belts in the world, makes W
doubly attractive to the active grain ST
ealer and grain mill operator who is b
r has any idea of seeking location L
Or investment. Ii
There is not a better town to live in rt
nd not better business opening any t.
here. The citizens, the churches, the b
ehools are all exceptionally good, water b
xcellent and health fine, Not only c;
very creditor but every citizen here d.
lould see to it that nothing is left I'M b
one to repair the loss we have sus- CO
lined SO far as it lies in his power w
that can be should be done fc
} protect the wheat and corn grower is
nd to redeem that which he has lost
this failure. There are some i'm 81
ossible things, but there are many er
avs in which we can be useful in be
ringing about better condition of at
Col IL / I | -