Evening Republican, Volume 14, Number 149, Rensselaer, Jasper County, 23 June 1910 — MEN WHO PAID BACK. [ARTICLE]

MEN WHO PAID BACK.

Lcvl p. Mortoa, Qatncy A Shaw, Potter Palmer and S. A. White. Perhaps the most conspicuous living example of success following earlier failure is the Hon. Levi P. Morton, former Vice President of the United States, who while a member of the dry goods firm of Morton, Grlnnell ft Co. was forced to see his house suspend. In 1861 the firm stopped payment, later compromising and settling in part with its creditors. Mqn in business still recall the dinner given by Mr. Morton a few years later, where each credjtorrguest found a check for the amount owed, with interest, a most pleasant sort of souvenir to bring away from a banquet, says the Century. A pleasant story is also told in connection with the embarrassment years ago of Quincy ,A. Shaw, a Boston banker and capitalist., This gentleman was willing to give ap everything, including his home, but this was insufficient to pay all his debts. Among the assets were some mining stocks of then itlt-

tie realizable value, and Mr. Shaw’s creditors, who knew how honorably he had acted, voted unanimously to return the stocks to him, apparently as a possible nest egg for a future fortune. A few years later, when the real riches of the Northern copper region were disclosed, and these stocks, particularly Calumet 4 Hecla, had reached great values, Mr. Shaw repaid his creditors in full with Interest. Potter Palmer is recalled as a man who, apparently ruined by the Chicago fire, later amassed a new and larger fortune. A more modern instance still was the famous settlement made by Stephen V. White Borne years ago following one of his several spectacular failures. Unfortunately for those who love a pleasant ending for the stories they read, Mr. White later essayed another ring* into stock speculation and the “street" is reported to have gotten back its own in turn with interest.