OCR Text |
Show IT IS SAID of Senator Chandler as a business man, that when in 1837 nearly every merchant in Michigan failed, he, too, had difficulty in making his collections and could not see his way clear to the settlement of his own liabilities. He made a statement of his affairs, and proposed to his creditors to make an assignment. His principal creditor said to him: "You are too straightforward a man and too honest and enterprising a merchant to go under. You can take your own time for payment, and we will furnish you with a new stock of goods." The young merchant accepted the extension of time and going home went to work again and was soon able to pay all of his debts in full. |