DR. M'ARTHUR AND MR. CARNEGIE

Dominion, Volume 5, Issue 1370, 22 February 1912, Page 4

DR. M'ARTHUR AND MR. CARNEGIE

APT ILLUSTRATION. Andrew Carnegie's lament on parting with some property for jisG.OOO.UOO— so small a price that he reckoned himself n fool—came in useful to Dr. It , Arthur, S.M., on Tuesday, lor purposes of illustration. A well-dressed man—obviously he was not a labourer—was in the witness box in answer to u judgment summons. It appeared from the questions put by counsel that tho case had been before the Court previously, and had bi-uu adjourned, bcuttux', while the delitor hud no money villi which to wipe out the debt, ho had property which ho. was arranging to dispose of. However, he had not disposed of it, and wished an extension of time in which lo arrange a disposal. So, Dr. M'Arthur summarised "iu position thus , .—"You say you have property; you owe money; so you must make so'nio ef fort "In realise oh yonv property to pay tho debt." The debtor did not reply. His Worship: "Sec—something will have to bo done." Tho debtor: "Well, your Worship, it is in tho market now. , ' His Worship: "What price havo you put on it?" Tim debtor named the price. His Worship: "Well, there you arc! You say you have left a mari;in of .€"(19 for yourself. I can't lio putting this off, and ptiHhiß it oft, like Ibis. 1 can't make this Court n sort of subordinate branch of the Bankruptcy Court. 1 saw the oilier day where a man reckoned that he was a tool to sell his property for a.31i,1W0,(W0. You may hold the same avßiimiMit. You must do You will have In fiiy mi .<■; before Starch 5, in default seven dnyo."