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Story
September 19, 1879
Washington Standard
Olympia, Thurston County, Washington
What is this article about?
Ben Franklin recounts an elderly pessimist in Philadelphia warning him of the city's impending bankruptcy, yet the man later overpays for property amid growth, critiquing modern croakers in Olympia.
OCR Quality
98%
Excellent
Full Text
Croakers.
Croakers have always existed and done their utmost to retard the wheels of progress. An incident related by Ben Franklin a century ago, shows that they did not differ materially in his day from the pestilential specimens exhibited occasionally on our streets, engaged in undermining the fair fame of Olympia.
Franklin says: There lived in Philadelphia, a person of note, an elderly man, with a wise and very grave manner of speaking. This gentleman, a stranger to me, stopped one day at my door, and asked me if I was the young man who had lately opened a new printing-office. Being answered in the affirmative, he said he was sorry for me, because it was an expensive undertaking, and the expense would be lost; for Philadelphia was a sinking place, the people already half bankrupt, if not quite so; all appearances to the contrary, such as new buildings and the rise of rents, being, to his certain knowledge, fallacious; for they were, in fact, among the things that would soon ruin us. And he gave me such a detail of misfortunes then existing and would soon exist, that he left me melancholy and dispirited. Had I known him before I engaged in the business, probably I never would have done it. This man continued to live in that decaying place and to declaim in the same strain, refusing for many years to buy a house there, because everything was going to destruction: and at last I had the pleasure of seeing him give five times as much for it as he might have bought it for when he first began his croaking.
If this will not be the experience of some of our croakers, a few years hence, we are not gifted with the spirit of prophesy.
Croakers have always existed and done their utmost to retard the wheels of progress. An incident related by Ben Franklin a century ago, shows that they did not differ materially in his day from the pestilential specimens exhibited occasionally on our streets, engaged in undermining the fair fame of Olympia.
Franklin says: There lived in Philadelphia, a person of note, an elderly man, with a wise and very grave manner of speaking. This gentleman, a stranger to me, stopped one day at my door, and asked me if I was the young man who had lately opened a new printing-office. Being answered in the affirmative, he said he was sorry for me, because it was an expensive undertaking, and the expense would be lost; for Philadelphia was a sinking place, the people already half bankrupt, if not quite so; all appearances to the contrary, such as new buildings and the rise of rents, being, to his certain knowledge, fallacious; for they were, in fact, among the things that would soon ruin us. And he gave me such a detail of misfortunes then existing and would soon exist, that he left me melancholy and dispirited. Had I known him before I engaged in the business, probably I never would have done it. This man continued to live in that decaying place and to declaim in the same strain, refusing for many years to buy a house there, because everything was going to destruction: and at last I had the pleasure of seeing him give five times as much for it as he might have bought it for when he first began his croaking.
If this will not be the experience of some of our croakers, a few years hence, we are not gifted with the spirit of prophesy.
What sub-type of article is it?
Biography
Historical Event
What themes does it cover?
Moral Virtue
Fortune Reversal
Triumph
What keywords are associated?
Croakers
Ben Franklin
Philadelphia
Pessimism
Progress
What entities or persons were involved?
Ben Franklin
Elderly Man
Where did it happen?
Philadelphia
Story Details
Key Persons
Ben Franklin
Elderly Man
Location
Philadelphia
Event Date
A Century Ago
Story Details
An elderly man warns Ben Franklin against opening a printing office in Philadelphia, predicting the city's ruin, but later buys a house there at five times the price he could have earlier, showing the error of croakers.