did not fail," said Mr. David, "for we owed no one anything, but we lost nearly all we had by the failure of others." The result of this experiment was a contraction of the system of credits and selling goods for cash or by guaranteed commissions.
For many years, the manufacture of whips was the most important business in Amherst. It gave employment to several persons and furnished the means of support to ten or twelve families. The purchases of ivory, whalebone, and other raw material, were usually made from first hands and in such quantities as often gave the firm control of the market; while in the style and workmanship of their handmade whips, they had few competitors.
With the enlargement of their resources, Messrs. Melendy & David became interested in other enterprises. They held real estate and buildings. They bought shares in the railways which were finding their location in New Hampshire. Mr. David belonged to the Board of Directors that laid out and constructed the Northern Railroad. Subsequently this property was sold, and with the proceeds they joined in new undertakings at the West, which subjected the firm to very serious losses. The business was entrusted to others, and unforeseen difficulties arose, attended by material disasters, which no precaution will certainly avert; and failing in the support which was supposed sure, defeat ensued. But these reverses were not without their uses, as subsequent events clearly demonstrated. Accepting the conditions, which were most disheartening, Mr. David and his partner addressed themselves to the work of securing their creditors and restoring their fortunes. It was a long and weary struggle, demanding persistent application, economy, and careful management. They were subjected to painful imputations and occasional rebuffs, but they also found sympathy, and at the end of nine years, in which they sought no relief from the usual claims of social and religious obligations, every debt was discharged and their real estate freed from all incumbrance. The example was most commendable, illustrating the sterling virtue and high determination of the men in circumstances where weak minds would have faltered, and unconscientious persons would have evaded payment.
Going back in this history to the period of their increasing business, we shall find that a strong religious element controlled the lives of both of these men. In the years from 1830 to 1836, which were so memorable in large accessions to the Churches of New Hampshire, the power of the gospel was manifested in Amherst, and these men with many others were persuaded to act upon their religious convictions and avow their faith in Christ. Mr. Melendy united with the Congregational Church in 1832, and Mr. David and several of his workmen followed the example in 1835; the character of all these men for integrity and steady habits had been good, but from this date a higher standard of conduct prevailed. A new direction was given to their thoughts, and the tone of the establishment was elevated by superior motives. While resident in Boston. Mr. David had been attentive to the vigorous doctrinal discussion which divided the community sixty years ago. He had listened approvingly to the preaching of Wayland and Beecher, then in the fulness of their strength. He was persuaded that the doctrines to which these divines gave such prominence were in harmony with the teachings of the New Testament; accordingly, when Mr. David accepted the Evangelical system of faith as the ground of his own hope of God's favor, he acted intelligently. He acknowledged his dependence on the grace of God in Christ Jesus. He recognized the sacredness of the Christian calling. He became a student of the Scriptures, entered the Sabbath School as a teacher, and assumed the responsibilities of sustaining the ordinances of public and local religious worship. In 1846, he was elected deacon in the Congregational Church. He accepted the office with some reluctance, being distrustful of himself, but his counsel and service were of great value to the brotherhood. Intent on improving himself in all the qualities of Christian manhood, he was observant of the great movements of society, and deeply interested in the new and enlarged applications of Chistianity. He followed the operations of the American Board, as new fields opened to the missionaries of the Cross; keeping informed as to the changing phases of Evangelical effort in this and in foreign lands. In this particular he manifested the same accuracy which marked his knowledge of current affairs. He was familiar with the history of the United States and Great Britain, and having a lively admiration of learned men, statesmen, scholars, and divines, he was a reader of biographies. While emulating the excellence which he admired, these stores of information were employed to enliven conversation and to furnish material for public discourses. In the gathering of the
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