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Parton, James, 1822-1891

"Famous Americans of Recent Times"

You must give a
note for it with reasonable security. 2. The interest must
be payable annually, and must be paid at the day without
fail. And so long as this continues to be done, the money
not to be called for--the principal--under six months'
notice. I am thus explicit with you, because you wish me to
be so; and because also, having a little money, and but a
little, I am resolved on keeping it."
This is sufficiently business-like. He _had_ a little money
then,--enough, as he intimates, for the economical maintenance of his
family. During the land fever of 1835 and 1836, he lost so seriously
by speculations in Western land, that he was saved from bankruptcy
only by the aid of that mystical but efficient body whom he styled his
"friends"; and from that time to the end of his life he was seldom at
his ease. He earned immense occasional fees,---two of twenty-five
thousand dollars each; he received frequent gifts of money, as well as
a regular stipend from an invested capital; but he expended so
profusely, that he was sometimes at a loss for a hundred dollars to
pay his hay-makers; and he died forty thousand dollars in debt.


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