Show financially HATE e THE announcement made yesterday that Bev rey G M pierce methodist clergyman who has hab been lately conducting a book and stationery business ta in the wasatch block had buffered bunne red a financial collapse cor coT lapse has been the subject of a good deal of talk taik binca sinca its publication mr T C griffiths is the assi assignee gneo to whom the assignor has handed over his anaeta for the benefit of his creditors we learn leam on reliable authority that the tho liabilities amount to between and the assets are not much over one ono fourth fourths conal consisting sting of stock etc eto to the value of about aw arad a house and lot that will increase the sum to loo 0 more or less lebs according to ghia thia thas owing showing h the gentleman only havin having 9 been la in business a comparatively brief period it is estimated that he must hayo haye been going back war d at an average monthly rato rate of not far from a come somewhat what precipitous cip itous declension the creditors cre ditora are said to be numerous and include all sorts of peo pie among them sunday school teachers und and pupils the failure is attributed by mr pierce to on one a of hla his creditors said to be the lon london ati bank of utah to whom he is indebted to the amount of 2900 2200 2800 2300 pressing him too closely for payment the event has caused considerable feeling among those who were formerly numbered among the friends of the unfortunate gentleman gent lemau their revulsion of being probably caused by the parties being losers those creditors credItor 13 who are inclined to censure mr pierce should suspend judgment J until they hear a full explanation of his affairs if they have not yet obtained one it is to be expected that a man of his standing especially in view of hla his position us a representative of a prominent religious body will be able to show beyond doubt that the present condition of his aff lairs la is due either to a lack of bubines capacity for which he cannot be held morally responsible or the result of circumstances over which heh he had adno no controls control and which occasionally overtake men in thoin thein business relations mr pierce fierce has expressed his bis in of romain remain ingin the city instead of resorting to ignominious night bight and devoting his time and ability in futures future to meeting the demands of his creditors this la Is an eminently proper course to pursue and the only one that an honorable man can take when overtaken by pecuniary disaster his hia statement of intention to stop stops ho however appeared pe red to be somewhat unnecessary as among the various remarks that we have heard regard regarding ing hia his bankruptcy there has been no intimation of a purpose on his part to fly the country behave we have had frequent occasions in the pa past a t to allude to what we deemed the unjust and tentative course pursued by mr pierce in relation to the mormons cormons Mor mons s but we bear himino ill III will wili on that or any ote other othen er account and hope to see him come out clear from his present trying position positions and that he will not be too hastily condemned or ostracized by those who have heretofore been his friends |