He might have, had he done as merchants
usually do under such circumstances, continued his business; but
instead, he made an assignment, with few preferred creditors, rather as
he expressed it, ruin his business, than wilfully wrong a creditor. What
speaks volumes in his behalf, every person, even his greatest creditors
say, "He is an honest man"; and while settling the business of the late
concern, those to whom he was indebted, offered him assistance to
commence business again. But this he thankfully declined, preferring to
take his chance with others in the land of gold, California, where he
now is, than commence again under the circumstances. Doubtless, if no
special prevention ensue, Mr. Banks will be fully able to redeem his
present obligations, and once more be found prospering and happy.
Henry Knight, of Chicago, commenced business in that city without
capital; but by industry, soon gained the esteem and confidence of the
public, making many friends. He fast rose in prosperity, until he became
the proprietor of the most extensive livery establishment in the city,
in which he had much capital invested. Determined to be equal to the
times, the growing prosperity of the city, and the demands of the
increasing pride of the place, he extended his possessions--erecting
costly buildings, besides increasing his stock and livery extensively.
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