In fact, in so far as the debtors can be called a
class, they form a very small class, and a class of remarkable
shrewdness and of enormous power, over whom it is ludicrous for the
Government to exercise a fatherly care.
The bulk of the population in this, as in every moderately
prosperous community in the western world is composed of creditors.
The creditor class, in other words, contains the great body of the
American people, and any legislation intended to enable debtors to
cheat is aimed at nineteen-twentieths, at the very least, of
American citizens. Any mail who remains very long in the position of
a debtor simply, and acquires no footing as a creditor, disappears
from the surface of society. Bankruptcy or the house of correction
is pretty sure to overtake him. It would be well-nigh impossible in
this large city or in any other to find a man who had no pecuniary
claims on someone else. The humblest hod-carrier becomes a creditor
every day after making his first ascent of the ladder, and remains
so until Saturday night, and continually replaces himself in "the
creditor class," as long as life and health remain to him; and the
same phenomenon presents itself in all fields of industry.
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