Rensselaer Union and Jasper Republican, Volume 8, Number 32, Rensselaer, Jasper County, 27 April 1876 — How Splurjit Took Advantage of Being Wound Up. [ARTICLE]

How Splurjit Took Advantage of Being Wound Up.

Fifteen of us met at the creditors’ meeting to decide upon winding young Splurjit up. He was a jolly, genial fellow, meant well, but had sold too many goods below cost and to poor customers. His list of debtors disclosed a number that we all knew bad been tabooed from the books of every prudent house in pur line, and with Splurjit’s long experience in the employ of one of the best houses in the trade, we were surprised at this ;eVi- ; drns&ht “young,” and was “struggling along,” and the philanthropic spirits in our meeting thought best to give him another chance.” B wanted to take back all Splurjit had of his goods unsold at what he, B, had charged him for them. ■ C, D and E objected that B’s goods had advanced in price, and all the creditors ought to have the advantage of that rise, and on this emphatic statement twelve of the number at once decided to accept from Splurjit ten cents on the dollar. This settled that proceeding. Four days afterward, B, who has a large order in hand, receives word to box and ship what is finished and under way,, but get but nothing further. Investigation discloses that Splurjit has been to B’s customer and underbid him, using the goods 119 paid ten cents for, which B wanted to take back at invoice value as the basis of his estimate. Splurjit is a “ jolly fellow,” you see, and B—well, he “ ain’t up to the times,” or else he’d be starting afresh with aten-cent stock himself. Do you think there is any moral in this true story? Do you think the sequel would induce those twelve to recant ’— Bouton Bulletin.