See [Prodigy, A].
PREDICTION, FALSE
Mr. James A. Briggs cites a paragraph from the Boston Courier of June 27, 1827, then edited by Joseph T. Buckingham, one of the ablest and most liberal of New England editors. It was but sixty-two years ago that he thus spoke of the projected railroad from Boston to Albany:
Alcibiades, or some other great man of antiquity, it is said, cut off his dog’s tail that quidnuncs might not become extinct from want of excitement. Some such motive, we doubt not, moves one or two of our natural and experimental philosophers to get up a project for a railroad from Boston to Albany—a project which every one knows, who knows the simplest rule in arithmetic, to be impracticable and at an expense little less than the market value of the whole territory of Massachusetts; and which, if practicable, every person of common sense knows would be as useless as a railroad from Boston to the moon.
The road was built, and there is no more prosperous road in the country.—Harper’s Weekly.
(2474)
Preferences—See [Selection].
PREFERRED CREDITOR
An Israelite without guile, doing business down in Chatham Street, New York, called his creditors together, and offered them in settlement his note for ten per cent on their claims, payable in four months. His brother, one of the largest creditors, rather “kicked”; but the debtor took him aside and said, “Do not make any objections, and I will make you a preferred creditor.” So the proposal was accepted by all. Presently, the preferred brother said, “Well, I should like what is coming to me.” “Oh,” was the reply, “you won’t get anything; they won’t any of them get anything.” “But I thought I was a preferred creditor.” “So you are. These notes will not be paid when they come due; but it will take them four months to find out that they are not going to get anything. But you know it now; you see you are preferred.”—Heman L. Wayland.
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