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Indianapolis, Marion County, Indiana
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Albert D. Rust, a retired typographer in Washington, repays a $48 debt from 1892 to the six heirs of lender Roger Pierce, 60 years later, after the town of Eddy became Carlsbad, N.M.
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WASHINGTON -- It took a while 60 years to be exact, but Albert D. Rust, a pensioned member of International Typographical Union local here, has wiped off a $48 debt.
The story goes back to 1892 when Rust, then only 22 and experiencing a touch of bad luck, borrowed the money from Roger Pierce, a merchant, in Eddy, N. Mex.
Time wore on, Pierce died and the town of Eddy became the city of Carlsbad, but Rust didn't forget his debt.
He tried to decide to whom the money should be paid and finally he was able to send checks for $8 to each of Pierce's six heirs in Los Angeles, Long Beach and Bakersfield, Calif.; Albuquerque, N. Mex.; El Paso, Tex., and Detroit.
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Washington; Eddy (Now Carlsbad), N. Mex.
Event Date
1892 (Repaid After 60 Years)
Story Details
In 1892, 22-year-old Albert D. Rust borrowed $48 from merchant Roger Pierce in Eddy, N.M., due to bad luck. Sixty years later, after Pierce's death and the town's renaming to Carlsbad, Rust located Pierce's six heirs and sent each $8 to repay the debt fully.