A New Way To Collect An Old Debt

EARLY in life, Mr. Jenkins had been what is called unfortunate in business. Either from the want of right management, or from causes that he could not well control, he became involved, and was broken all to pieces. It was not enough that he gave up every dollar he possessed in the world. In the hope that friends would interfere to prevent his being sent to jail, some of his creditors pressed eagerly for the balance of their claims, and the unhappy debtor had no alternative but to avail himself of the statute made and provided for the benefit of individuals in his extremity. It was a sore trial for him; but any thing rather than to be thrown into prison.

After this tempest of trouble and excitement, there fell upon the spirits of Mr. Jenkins a great calm. He withdrew himself from public observation for a time, but his active mind would not let him remain long in obscurity. In a few months, he was again in business, though in a small way. His efforts were more cautiously directed than before, and proved successful. He made something above his expenses during the first year, and after that accumulated money rapidly. In five or six years, Mr. Jenkins was worth some nine or ten thousand dollars.

But with this prosperity came no disposition on the part of Mr. Jenkins to pay off his old obligations. "They used the law against me," he would say, when the subject pressed itself upon his mind, as it would sometimes do, "and now let them get what the law will give them."

There was a curious provision in the law by which Jenkins had been freed from all the claims of his creditors against him; and this provision is usually incorporated in all similar laws, though for what reason it is hard to tell. It is only necessary to promise to pay a claim thus annulled, to bring it in full force against the debtor. If a man owes another a hundred dollars, and, by economy and self-denial, succeeds in saving twenty dollars and paying them to him, he becomes at once liable for the remaining eighty dollars, unless the manner of doing it be very guarded, and is in danger of a prosecution, although unable to pay another cent. A prudent man, who has once been forced into the unhappy alternative of taking the benefit of the insolvent law, is always careful, lest, in an unguarded moment, he acknowledge his liability to some old creditor, before he is fully able to meet it. Anxious as he is to assure this one and that one of his desire and intention to pay them, if ever in his power, and to say to them that he is struggling early and late for their sakes as well as his own, his lips must remain sealed. A word of his intentions, and all his fond hopes of getting fairly on his feet again are in danger of shipwreck.

Understanding the binding force of a promise of this kind, made in writing or in the presence of witnesses, certain of the more selfish or less manly and honorable class of creditors are ever seeking to