Page:The American Cyclopædia (1879) Volume VIII.djvu/110

 LOS GOODRICH oulate the eclipses of each successive year; un.1 when tl.t- aurora borealis of 1780 made its appearance, he gave one of the fullest and most a'-' unite accounts of it ever published, with exact drawings of the auroral arch. In 1756 be was ordained minister of the Congregation- al r iiun-h in Durham, Conn., in which office he continued till his death. He was an active friend of the revolution, preaching the right of resistance, and urging his people to lay down their property and lives in the conflict. He published several sermons, and left be- hind him some hundreds of essays on difficult passages of Scripture. II. Channeey iUen, an American scholar, grandson of the preceding, born in New Haven, Conn., Oct. 23, 1790, died there, Feb. 25, 1860. He graduated at Yale college in 1810, and was tutor there from 1812 to 1814. After a course of theological study he became pastor of a Congregational church in Middletown, Conn. In 1817 he was elected professor of rhetoric and oratory in Yale col- lege, and continued in that office till 1839, when he was transferred to the professorship of pastoral theology. He published in 1814 a Greek grammar, translated chiefly from Ha- ehenherg; this he subsequently revised and enlarged, and published under his own name. In 1832 he published "Latin Lessons" and "Greek Lessons," in which the precepts of grammar are throughout accompanied by prac- tical exercises. During several years he ed- ited the "Quarterly Christian Spectator." In 1828 Noah Webster, his father-in-law, intrust- ed to him the superintendence of the octavo abridgment of his large dictionary, and he published in 1847 greatly enlarged and im- proved editions of the 4to and 8vo dictionaries. In 1856 he published in 8vo the new universi- ty edition of Webster's dictionary, and in 1859 a new issue of the unabridged 4to dictionary. At the time of his death he was engaged in a thorough revision of the dictionary, which was published in 1864. III. Samuel Griswold, better known under the assumed name of Pe- ter Parley, an American author, nephew of the preceding, born in Ridgefield, Conn., Aug. 1 '.'. 1 793, died in New York, May 9, 1860. He engaged in the publishing business in Hart- imd, after visiting Europe in 1824, es- tah limbed himself as & publisher in Boston, and edited from 1828 to 1842 the "Token," an illuM rated annual, to which he contributed several tales and poems. His popular Peter Parley series of juvenile books was begun soon after his removal to Boston, and gradually <l to more than 100 volumes, compri- ographies, histories, travels, stories, and is illustrations of the arts and sciences. The success of these works caused several spurious books to appear under his pseudo- nyme. In 1*41 he established " Merry's Mu- "s MatTa/ine." 1 a juvenile pert-, which h- edited till 1854. In 1851 he was appointed United States consul at Paris, and while there published in French Les fitats GOOD WILL Unis, aperfu statistigue, Jiistorique, geogra- phique, industriel et social" (1852). He was also the author of " The Outcast, and other Po- ems " (1837 ; illustrated ed., 1851) ; " Fireside Education" (1841); "Sketches from a Stu- dent's Window;" "Recollections of a Life- tune " (1857) ; and " Illustrated Natural History of the Animal Kingdom " (1859). IV. Frank Boot, an American author, son of the preceding, born in Boston, Dec. 14, 1826. He graduated at Harvard college in 1845, and was for seve- ral years the Paris correspondent of the " New York Times," writing under the signature of " Dick Tinto." A volume made up from his letters was published in 1854, entitled " Tri-col- ored Sketches of Paris." He has also pub- lished " The Court of Napoleon " (1857), "Man upon the Sea " (1858), and " Women pf Beauty and Heroism " (1859). .GOOD WILL, the interest or advantage sup- posed to be attached to a certain established business. Nothing can be more uncertain or intangible than this ; and it was for some time a question whether the law would recognize it as of pecuniary value. But it is clear that it may have, under some circumstances, a very great pecuniary value. If a partnership be established in a certain place, and has there done business for a long time, in a way which has given general satisfaction and attracted a wide and to all appearance a permanent patron- age or custom, whether this be by the excel- lence and variety of its stock of goods, its hon- esty and exactness, or its supposed wealth, this partnership has a pecuniary interest in this good will, in addition to the amount of its mere stock and capital. But, while as between part- ners this good will is generally considered to have a value, and will be recognized and pro- vided for by courts of equity in settling any dis- putes between them, and in general passes by survivorship to the remaining partners when one or more die, yet the rules of law which en- ter into the adjustment of good will can hardly be considered as settled. In case of insolvency, it is however clear that a court having juris- diction of the case will recognize it as valuable, and will take care that no partner behave in such a way as to dimmish its value, and will make due orders for reducing it by sale or otherwise into the form of available assets. But when the good will of a business passes by the insolvency of the trader into the hands of assignees, the trader is no longer under any obligations to continue his exertions to increase or sustain its value, although he must dp nothing to injure it. The good will of a busi- ness is often bought and sold, and made the subject of arrangement in various ways ; and it I would undoubtedly be regarded as a sufficient I consideration for a promise to pay money. It j has been held that the sale of a business, with the stock and " good will," carried with it, by implication, a promise not to enter upon a sim- ilar business so near to the old stand as to in- terfere materially with the purchaser. This