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PRINT EH. : B. s Office of the District Court of the United States. STEREOTYPKKS. A. MILLER. BY In the Clerk Ki*b4t A*K*D .gt. M CRBA &amp.G(insres^ in jthe -year 1862. . A&amp. for the Southern District of New York. fclJitg AL I .Entered according fc&amp.vt^f.





basement no. I oc no. 1858. Then why not I in mine ?&quot. the sixteenth day of October. I cannot now recall it it without a sudden quickening of the pulse. I will give the reader some account of myself. for a time nearly insensible. I office. On Wall the said sixteenth day of October. 1858. . and departed. in a . No. repose quietly in their dens and who.Beneath heaven s genial sunshine everywhere heard the utterance of the human heart Each in his language doth the plaint impart Is : . whose property 1* consists in cash in hand. Then rendered me On Saturday afternoon. Before I state the con tents of this letter.UNDERCURRENTS OF WALL-STREET. like. but a sort of Man-Friday to several note-bro kers and to several note-shavers. received two cents. men well-to-do in the world. I cupied an office had I &quot. the sixteenth day of October. INTRODUCTORY.desk-room&quot. spiderand suck the marrow out . &quot. something extraordinary occurred to change the dreadful routine of my life. CHAPTER ON I. the postman brought into my office a letter for me. was a note-broker was not a note-broker. street. Saturday afternoon. 1858.

back the next morning to the street. forced upon the street. are in consequence. tender.&quot. when wearied and and humiliated by varying but never-ending exhibitions of coarseness and arrogance. &quot. the date aforesaid. How did I come to this ? How. that is deemed . to employ. Day by day. for the respectable class of note-brokers and note-shavers just referred with to. serf. dollars a week desk-room&quot. sorrowful. In 1837 I was a leading importer of lived in what was then a very fine I goods house in Broadway. come to pay two .&quot. runner. toad-eater. the sight of two daughters grown and a into woman grown hood to two motherless daughters s son. from the enjoyment of wealth and &quot.2 in love my situation. Do npt^ppqsc. I would go to my home. from from all.&quot. and absolutely the thing how. and what are influence delights of social intercourse.10 UNDERCURRENTS men industrious. like other unfortunates of another sex. for I say. I was a jackal. called the and friends without number. in short.&quot. un and who At fish. or any other humiliating phrase you choose. self to these. pilotsatellite. reader.I^was pos. gradually. Do not sup- Xwa^s-not keenly alive to the disgusting office from which I could iiot escape.fash ionable society. of hard-working fortunate devils laborious citizens credit at the banks. resolving never again to expose my worn out with incessant toil. and consideration able. who have not much &quot. nearly man estate. desir and highly respectable. in the basement of No. submissive. in this city. &quot. meek. a . it Wall street ? It is no new story I is the old story. gradually did I &quot. would send me and dying gradually of consumption. am sixty-one years old silk almost sixty-two. scarcely with va riations.

wife. The crisis of 1837 swept over the entire country like a it tornado. who took wide and liberal view of what was required for an accomplished merchant. and from whence These European trips. no shame in living in since I worth of ered that my own property it to the assignee. me to where I graduated respectably. it was the inheritance of it. for a time. offer to them all had. but my tastes Europe frequently on were refined. and so dis made an assignment. ucation good for. I visited business. A prime of . little 11 above Bond it is street. like the rest. in aiding the as signee at our old counting-room. I entered a counting-room. and in the saw no life. there fore. and I laughed at calamity.&quot. But our creditors were not to be found. They in their turn had gone down. . were not thrown away on me. could attempt no business in What man should I do I I my own name. had sent Yale. had no power to give discharges . so that I could put a clean sheet before our creditors. I was not couraged. hope of relief from thraldom. father. and request a discharge. Just as soon as we could discover the extent of the disaster. My wife sometimes went with me. and in the carried our firm irretrievably under. and my ed life. I set to to clear the work wreck and to prepare a statement. had made assignments. I occupied myself. I was very vigor of manhood. We my still had our house and I felt as before . true . although destined to a commercial a my &quot. till the care of young children prevented.OF WALL-STREET. had surrendered every dollar s Soon I discov to endeavor to was a hopeless task make any ? thing out of our bankrupt estate. I only felt the stronger to resist and to conquer. we all was blended our firm in a general insolvency. a universal ruin .

believe. : there is no necessity for a man !&quot. poverty tends to subdue or improve the evil in our hearts. thrust through the door into the parlor. I of the wolf began to haunt me. open landau. I say. in his I tell you what it is. as &quot. come into possession of a large fortune. supercilious way &quot. I saw him stepping into his carriage for an evening drive. remarked to me. spontaneously !&quot. but I think I have hated him ever since. my bondage friend Russell remarked to me (Rus ! in perpetual had. if it doss. the gall so rise and overflow ? in his fine. to be chained foot. and did nothing but look carefully to the collec Russell. and my wife But every now and then visions to economize. consisting principally of unincumbered real estate in the city. Friends had not ab solutely We dropped knew how had no rent to pay. Parkinson. tion of the rents) cool. sharp mouth. in after years. s failing none whatever. and sleek. looking thus at Russell.12 full UNDERCURRENTS of energy. (I do not know. bitter I now mood. disclosing two pointed ivory fangs disclosing. and full sometimes God forgive me yes. through his wife. for when I used to walk wearily past his house saved sixpence by not riding). between if my close compressed teeth to have escaped. and I am At that moment was in a very afraid I cursed Russell in my heart. sometimes. the words damn him that do not with tion this because I some. and courage. but . did had preserved Well. hand and and kept About sell this time. two or three years ran away. exhibiting the slightest possible curl in long. and not why. I men be repressed. orf. and resolution. I Just look at me. It was only the head the which appeared. glossy. an outward semblance of our old life. foil.

r as a matter of principle oh ! yes. been victimized. with all his care with all his close. his security was found wanting on the last quarter-day foreclosed a Russell. do you know by experience any thing of the sensa tions it is produced by such an apparition ? Do you know what &quot. as to OM At last the year of Jubilee was announced. and taking advantage of the depressed state of things. by an unfortunate debtor. indebted beyond the faintest hope of retrieve. and the head as quickly withdrawn. to have a wife who clings to you. Jubilee release from bondage! joy joy over the whole land! Yet Rus sell. and young children who look to NIPOTENCE ? tector. I among the first to take advantage of the Act. My GOD reader. per sisting management it. mind you fortunately its opposed to the general opposed to any relief for the thousands and had but I w^as slight effect on the happy applicants for favor. who. and in a short time I was . A general Bankrupt Law ! Men s faces brightened with hope. lip. met with no opposition. as he called having failed. were suffering the torture of despair. wholly as a matter of principle ! bankrupt law tens of thousands who. 13 two pointed ivory fangs.OP WALL-STREET. now and then. and thus obtained a decree over against the once happy possessor of a comfort able home Russell w as. quite safe in her pro papa&quot. who had sometimes mortgage. and then quickly ! concealed. free. sharp. for an instant. But Russell s objection to the law on principle. had bid in the property for one-half its value. had. who. Hur ried congratulations passed from lip to Hands were ! grasped with an almost unnatural fervor.

I preferred to encounter those who exhibited intelligence and activity in affairs. in some other error. it was about the portion to which I would be entitled on her death. and she urged me strongly to receive it then. York. legitimate operations. I I concluded not to it embark renew in the thought would be easier to line confi dence. old business. and I again. I now cast about to decide what I should do. I think that pride lay at the bottom of this . younger. were already so much in advance of any thing I could undertake. five years comprise almost a bus side. This did not alarm me. had been laid one and shelved for just five years and now. sisted on raising by a mortgage upon the house Five thousand more was contributed by my mother. let it be under stood that. five I started with a cash capital of twenty- thousand dollars. in New I . make a credit. and affairs. I resolved to commence a wholesale grocery business. who had commenced since I had stopped. Fifteen thousand of this my we wife in lived in.14 UNDERCURRENTS This was early in the year 1842. many younger men. of mercantile This was perhaps an because I had been thoroughly educated to that particular branch. I had confidence in myself. sometimes in cotton. I did not understand this. iness generation. pride. At the same time. some times in produce. fresher than the race who had gone under. from time to time. She was old. rather than the incompetent and stupid. . when I was preparing to start had to compete with a new race of merchants. keener. which should include. then. and I should have much to learn in commencing on another. because I could not at once start on that my old footing . After considerable reflection. Looking back. but now I know myself better. pride.

with twenty-five thousand dollars in cash.&quot. little were forgot girls and my one boy in the general partook. spacious store in Front-street. many were the New Year s visits and many the visits I made. in event of misfortune. My an active and intelligent young man. a little day of January. hilarity. possessed of large means. then. what weakness a tried. lent me to other five thousand. All the six years little gloom and hope deferred of the past The three little folks my two ten. and my wife received. the first Keep and Company more to the anti behold me. 15 she said. and had no longer the wants nor the wishes of younger and the givings. I took the fifteen thousand from my wife. above Bond-street. he would not permit me treat it as &quot. 1843. A friend who was thoroughly tried friend a college mate. with a junior partner who put in three thousand dol lars.confidential. that I had every thing to learn. Behold me. though. and who was brought up to the business. five It it! thousand from my mother. in a fine. without knowing why. An open house it was. Weatherby. 1843. and with a declaration that. on day of January.m There was great joy on that at our first house in Broadway. and favora firm of bly introduced to me by the old and experienced without security. wind : paries $aritfns&amp. be partner proved to routine the knew He .OF WALL-STREET. my flag once 35. I found on setting seriously to work at my new business. with some mis was my only chance. to refuse folks.

that the officers of both these institutions did to. no longer dependent on my. and to lead him to me more frequently for advice. in good health. I discovered there was some mysterious influence working against me. with a small inroad made on the capi tal.junior for advice or suggestions. he suddenly exclaimed &quot.16 UNDERCURRENTS more of the trade well. not hesitate to speak favorably of our firm when applied What could it mean ? Was there a snake in the grass secret foe a a disappointed creditor. ever violated the rules of our copartnership. and after his puzzling a good deal over it. with strong cour age. I would be on the point of closing some advantageous opera tion. It found me. commer Frequently through the year. or three pretty large together. I felt myself fairly entitled to a first-rate cial credit. and although he sometimes assumed than was becoming a comparative youth. and further. There On commencing was one drawback quite unexpected. after deducting family expenses and interest money. business. : . perhaps. and a competent knowledge of my business. I had reason to know that we stood well at both the banks where we did business. Now. With the best possible management. however. found me. of 1 83 7 ? After mentioning these facts to an old friend. after a and regret that they could not enter into the arrange ment that they found they could not employ our paper as they anticipated. I cannot say that he took advantage of his position nor am I aware that he . 1843. and so forth.Parkinson. little. the thirty-first of December. which required the giving of our acceptances for con when the parties would return. which He made two months we were his self-confi bad debts the first six had the good effect to lower dence. siderable amounts.

Parkinson and Edwin A. unmarried man. (August. don know. If ?&quot. on the I Mem. I flections.&quot. what t I call our Commercial In telligence Office. Established 1st January. In trade for time on his own account. Supposed to own Firm doing large busi have made some heavy good deal turn-out. should he fail. was forced all. Scanning it with more scrutiny. Unac quainted with present business dollars. Rollins). the first Puts in three thousand dollars. therefore. he repeated I &quot.what we should do with little out it. into a train of philosophical re After the Mercantile Agency had stated but . Keeps house. respectable house. &quot. &quot.&quot. and lives expensively. 1843. (July. how do you stand said I.&quot.At what?&quot. but they are always ready to correct suggestion struck it mistakes. . silk Parkinson was importer of goods prior to 1837. Wholesale grocers. put in twenty -five thousand his wife s es Nearly all borrowed ($15. tate). and I wondered I requested him. not exactly understanding him. at the Mercantile Agency &quot. Took the benefit of the Bankrupt Law.OF WALL-STREET. 1843): road. Rollins drives a a very handsome read this ex-parte judgment with mingled surprise and indignation. Rol lins.At the Mercantile Agency. He procured it the next day. Weatherby. about twenty-five. and failed. 1843): said Mem. brought up to the business in the concern of Powell.CHARLES E. to had not occurred to me. My friend s me as a very probable one. obtain a report of the standing of our firm at the agency aforesaid. It read as follows : PARKINSON AND COMPANY (Charles E.000 from and which will probably be treated as confidential. in fair credit. Keep and Company. to ness. a second and a third time. . though sometimes they do get a astray there . losses.

he might exercise his team while he was gone. no recognition of it on our books. but mind you. reader. but did not add. The debt of five thou sand dollars to ally placed. as an ordinary in that I had made some bad debts was true . actu debtedness. he Rollins had informed me of this. Rollins was really economical. with little supporting his family meanwhile. the inferences were natural. who did drive a pair of good horses. myself. that is. his first year in a new line. my friend was. UNDERCURRENTS mainly. again. as I have before stated. and had gone through loss. poor Rollins came in for a sharp way of driving a fast team. was the inferences drawn from Yet the inferences were the &quot. was absolutely evidence of indebtedness was taken. and if told R. And I had been suffering for a twelve month from what was really a cruel and a slanderous statement. and with it & false in- . It were unex happened the that a wealthy cousin of Rollins s. by The statement it a positive understanding.18 the truth. and resigned his &quot. that the senior partner. and ceptionable. they were FALSE.Mercantile Agency&quot. in the Again. Yes. natural. hit. and gaining a thorough insight into affairs. the Mercantile Agency had stated a fact. Now. and I believe he enjoyed his drives for about three out&quot. my No house. was a strictly business man. turn without regret on his cousin s return. what was more essential. otherwise than as cash belonging to and put in by me. went out all of town for nearly month of August. He lived so with and supported his mother his habits and some younger brothers. liked. One could not accuse of any malicious intent. raised The wife s fifteen thousand dollars by mortgage on given to me for capital. Here. weeks. It the facts which were so damaging.

Poor Rollins s inexpensive drives were no longer marked against him. it The enemies of the system complain that produces an espionage worse a thousand-fold than that under a European despotism . &quot. On the other side.&quot. rather. It seems . I 19 However. The statement was as to my &quot. the books.&quot. and skill is displayed in the information in the general characterizations. that the whole affair is a shame and a scandal it to a free country. The system. ed&quot. my view of the ques tion is not based on either of these hypotheses. has been introduced through all its Complete method branches. ex was easy to remedy it. on we were facilities We had no we now entitled us. has been greatly elaborated since 1844.OF ferencc. or. and In short. a new statement was prepared and entered on the books. &quot. that no honest aside man fears to have the . of the undoubt It names and went into an entire explanation. who are paid well for gleaning . veil drawn which may conceal his minutest acts that such a man courts investigation. quite clear and to the purpose. in short. and that those only are opposed to the plan who suffer from having the truth told of them. me to digress a little in order to say a Agencies&quot. right&quot. eager curiosity of these keen investigators. indeed. enjoyed all the to which a good credit And here permit &quot. it W A L L-STK EET. borrowed. and a most unique and surprising obtained. that no circumstance of private or domestic life is safe from the prying. I called at the isted. is retorted. Now. and claims to be judged by it . our firm stood thus well advertised. was all satisfactory.Agency&quot. nearly erased. word about Mercantile generally. now that saw where the difficulty office &quot. longer any difficulty about our paper . capital. with two influential business friends &quot.

when a person s character under investigation. So well settled is is this. This is very desirable. and if the agencies accomplish this they certainly render a service to the mercial community. of four mer chants out of five who and he will find that these fair. me that the mischief lies The agency undertakes to give information by which subscribers can form reliable judgments of a merchant s responsibility. ques be asked except as to general reputation. busy rushes in and merchant circumstances. The themselves agencies.20 to U NDEEC U BRENTS in another direction. so that we readily us. com But the truth is. but which true in ninety-nine cases of a hundred. bad or indifferent for which one would any reason or cause whatever. will not permit. of into the world. instead . with picking up A reads the record reputation is he thus goes to an ex-parte tribunal. record&quot. If any him look fail. doubtless. My that these agencies have their growth in our great desire to save ourselves the trouble of forming an welcome one manufactured for opinion. acquire a general be puzzled to state is good. in Every man. every incorporated company does. in the first tions to instance. at the &quot. every firm. and where truth and error have a one doubts this. or It is &quot. where currents of opinion flow free. veiy convenient to be told off-hand what really nobody can ever know whether a merchant is good&quot. . and so forth. let fair field fbr contest. with the best intent. some way and by some sure process. we do not form an opinion of an individual so much from certain absolute facts we hear of him as from his general reputation. mer chants took especial pains to keep that record opinion frankly is. that our courts. reputation after a time. where manufactured out of one set of facts.

They told the truth about me. 21 off to and I believe our agencies would come badly day in a series of libel suits. to exaggerate Indeed. &quot. changed its some important ness. failed my record 1.&quot. return : I had no further reason Agency. I refer to is whereby such sub got together and to the reports re all reported about our city merchants. and the other half subjects of mercantile criticism. one-half of which should be commenced by by the their patrons for too favorable statements. As corded in the city of the standing of people through the towns and villages of the United States. to complain of the To &quot.OF WALL-STREET. stood as follows: &quot. . The year 1844 was for us the com great mencement of a new season of prosperity. I reject them as generally the preparation of one man (in each place) who is biased one either way or the much too severe is other. Very cautious Not to anticipate.First-rate Credit capital : A Thor be at oughly up in their business. With assiduity and great watchfulness the firm retrieved the losses of the previous year. after a while they began for my position. on the day I house. lost their whereby those patrons jects lost their credit. Large said to least a quarter of a million. strengthened its credit. fifty Reported last to have cleared over thousand dollars the operators. leading merchants.&quot.&quot. so that he returns an opinion or much too favorable. season on produce. and drew no disagreeable inferences. money what . and by which the merchant here quite sure to be misled. details in the mode of conducting busi and gradually settled on a prudent and safe basis of From that time we took position among the operations. not .

much as to say : I you here. [You forgive. and .] To count) . To en feel that counter an acquaintance. to enjoy the healthful happiness of an ascending to get on. Glad to To pass from the dreary stupor of inactiv to plan ity to fresh. making and your misfortunes are forgiven. to again .&quot. apologies with many apologies for absence. To become once more air a man among men. and meet his scrutinizing look with an of conscious strength and To you are no longer exposed to the humiliating sympathy of To be assured friends. rising meanwhile till. knew you would come out all right. to feel yourself gradually and surely gaining ground scale . that you form again a part and portion of the activity which supports and moves the world. and so forth which you receive very amiably (as if you had never felt bitterness of heart. lest a worse evil overtake you. and hatred on their ac which you not only receive amiably but excuse. due allowance for human infirmities. energetic action. very happily. pass through all this. grow rich. stability.22 UNDEKCUKKENTS The years 1845 and 1846 passed very happily. like the man of . recognized by old com panions with whom you used to engage in various affairs in it. or the silent triumph of enemies. because prosperously and without drawback of any kind. yes. many who see of whom sincerely regretted what befell you. to prosper. but see to it that you repeat not the offence.&quot. &quot. &quot. hopeful. honestly rejoice in your re-appearance in the business arena shake hands with you with a smile. and find every thing around you cheerful friends&quot. to witness troops of returning to range once more under your banner. . and gangrene. . that you are of consequence and recognized accordingly. and a look as &quot. and form combinations .

with much joyousness and merry-making. few by com and lo it is ! to plan out . .&quot. of stagnation of soul and withering up of energy leaving them walking nonentities. basement No. instead of living. made Why not ? Why should not these things be desirable and acceptable. culate How for us.OF WALL-STREET. to such do the figures when seen printed here. was ushered in the notable season of 1847. a period of misery and misfortune. appear spectral and beings. in the .il&amp. 1847. .le to ! have money . festivities and gayeties and frolics. perhaps. who read these pages have cause to remember that memor able year. collapsed and dwindling gradually away. and enter into their all enjoyment ing find . . duced by some fancied apparition from the dead. amid Christmas the crisis-year. ginning of. to those who date from it the be to them. will not be viewed without emotion. 23 Uz. How agreetions. new pleasures. your possessions greatly exceed their former propor Well! life is worth something at Some. and very enjoyable ? So in the midst of business successes and social delights. enterprising 1847&quot. things yield . to find all things practicable. Thus. the favored few. as I said. of blight and calamity. every path smoothed avenue every to encounter smiles pleasant. . To such the index. and approbation everywhere to for our approach. desire. came I in And I will proceed to explain how hap pened to be paying two dollars a week for desk-room Wall-street. will cause a shock like that pro &quot. . Nay. &quot. how pleasant not to be forced to cal charming parison. to express a wish for what we supplied .

was even more deplorable than and. for the fail in ! employment of its capital. daily be tween the boards . too.24 UNDE II CURRENTS CHAPTER A II. No. so extraordinary. there was threatened . and none but the most reckless need fail in any lawful enter prise. The resources of our land were so great. Only it vest in Great Britain (which began to be ascertained that the failure of the har had been for some time known) at first reported . Such room for development. which could never returning legitimate increase. ON the first day of January. 1847. so echoed the principal merchants. Russell. was of the same opinion. reach of panic. with for the blight of the potato in Ireland. leading bank presidents and directors in the coteries to which they severally were attached . and its extent almost illimitable. CLOUD ON THE HORIZON. so observed the prom inent members of the Stock Exchange. conversing &quot.&quot.&quot.&quot. the financial condition most satisfactory.remarkable bottle With the second they demonstrated how we were now beyond the prosperity of the country. so various. So said of these United States was &quot. thank HEAVEN we were at last on a sound basis. There was not even a speck in the commercial horizon giving token of the storm which was so soon to burst. their sherry of the Eminent bankers talked soothingly over &quot.

said such condition that affairs could not besides. people who were behind men with antiquated stage-coach ideas. as anticipated.OF WALL-STREET. to be about what I was entitled to from five the estate. unappalled terrible calamity which threatened a friendly nation. on that same of January. my It friend the five thousand dollars so was indeed much in reduction of and the money to us was worth much more than 2 . Parkinson and Company. These individuals were set the age . The died. was year after I essentially and absolutely a sound one. that the country it The great majority of was in a most pros and accordingly To come to my own affairs. Some. moneyed men declared perous state. they said. our surplus breadstuff s. was generally so accepted. that unfortunate isle the visitation of the 25 Angel of Death in most people this served as an additional argument that our prosperity was founded on a the shape of FAMINE ! But to rock. their heads. our capital. We should all a market for find. my mother The was thousand dollars I received from her proved. by the was an things. chuckled over the news brought by each successive steamer of the great rise in the prices of food while with all there . at high prices and gold for payment. commenced business anew. ill-concealed satisfaction at the existing condition of But there were others who shook was unnatural . I had within a twelvemonth repaid borrowed from him. and go on ruinously for any length of time in England without re acting forcibly here. and thus that was settled. an unfortunate state of affairs in one is country never beneficial to another country with which it has a close business connection. The position of the firm of first Charles E. down as croakers . so intimate were the relations between us .

In April and May the financial distress England. &quot. my earthly began. prosperous still taking gold for food at high prices counting on more gold at higher prices. in which my large sums in made shall greater gains. that was our tainly doing well . starvation. after deduct ing all probable bad debts and what the firm owed. is it him who hath be was one of the few who were not carried away by the excitement consequent on the great rise in all species of produce.26 uN . loaded with provisions. mnny years later this circum- stnnce proved to be the final turning-point in career. I believed when. first of June these prices came to a stand-still in From the ports in the Baltic rich granaries were Isles. and distress from hunger in Ireland. This was cer at the same time we had acquired the still reputation of having thnt T &quot.balance-sheet. and . a into myself to be tempted neighbors were clearing speculative course. ERcu .&quot. that a its large stores of reaction in must take place. especially if the coming season Great Britain this reason I did not permit For promised well. our capital had increased from the sum of twenty-eight thousand in Still thousands of whom still were dying from . were we on this side . and I did so.&quot. stimulated by the high prices. In other words. Strange to say. An American government was sent to store-ship. the relief of the Irish people. r&amp. seven per cent but something whispered to me. shipped to the British the harvests promised well. the north of Europe began to pour in grain. so true given. Pay it !&quot. ft n E N Ts &quot. About the Europe. were very great. to we one hundred and thirty-eight thousand seven hundred and sixty dollars in stocks and assets. as the reader will Since recollect.

the potato appeared to be without blight. bills drawn heavily against it bankers. we should undoubtedly meet with large losses. ancient . . Then was Wall-street one morning taken suddenly aback offered at by the here refusal of bills some of the largest bankers in London to honor the ! drawn on them.&quot. I was pre for my gains had pared to accept this as the fate of war &quot.OF WALL-STREET. all Scotland and Ireland. accounts arranged. been large. then all the bills would be protected. oh ! certainly a mistake ! A matter of precaution all till the arrival of the next steamer. . directions. and purchases and contracts maturing here grain shipped to a tremen dous extent. you in Company know of commercial affairs if it is you suppose times of gen eral financial distress possible for any house engaged Quite early in the largely in business to escape unscathed. firms. I came to the conclusion that such were my then business relations with correspondents in the South. of an old and leading house What confusion. and every thing Just wait for the next steamer. be put right. 27 We were then summer in the midst of a great speculation produce with falling prices in Europe. what had little to fear ? Reader. During the summer I was applied to by a lead- . season I attempted to act with great prudence and circum spection. the market here became utterly de pressed. and bills of our best houses all were floating about in enormous rates without buyers. and honorable reaching its height. breaking all over the Continent. arrived ! The steamer never But if the firm of Charles E. what consternation It was all a ! : mistake only. carried into the in . Parkinson and it did not speculate. till the panic there through England.

I stopped short in this arrangement before the parties had finished buying. I joined at my family. Rollins. and the drawers themselves were so undoubted. enjoyed but Week I all after week brought first intelligence more and more gloomy. to Resolving not make who were another business transaction. I do not why. Affairs were threatening. know day of September. and I was to charge a certain commission. that I should weather the storm. stay. I believed. How pleasant it looked that dear. in London. them to This was in consequence of the dis heartening news brought by every steamer. who had greatly im proved chant. a little above Bond-street. in sagacity. it I did not consider a risk. The produce was to be consigned to the Barings. on Baring Brothers and Company. the first . and since that house stood so high. For all that. but I wanted my wife and children around me. and left select another agent. we reached our handsome house in Broadway. although I might be considerably damaged. ing banking-house in Wall-street to quantities of grain for foreign want of large these were to be made through the West. and in now become an experienced mer was untiring endeavoring to carry out my sugges- . but maintained a courageous self-reliance. little. instead of my going in alone. Nothingappeared surer or safer. happy home ! By I evening we were comfortably at installed. I cannot say I experi enced any presentiment of coming evil. The next day was early I my counting-rooms. in the after noon.28 UNDERCURRENTS make purchases . I Newport. On Wednesday. and receive in payment bills drawn by this banking-house. in order to enjoy some relaxation. determined not to prolong our but that we would go to town the of Septem ber.

Mamma had in and my vited two or three of their own age to spend the evening . and I requested him if he had any thing of importance to communicate. with a complacent nod. and was gladdened besides by a bottle of wine which the old cellar had held for many a year. The children wel comed me with great glee as I entered. Rollins had anticipated one or two very important steps I had proposed to take. call in the evening. and I was expected to entertainment. I exclaimed aloud. I contribute toward the father s smiled with a pride and joy as I beheld the glowing countenances There was nothing which whispered to me that the atmosphere was loaded with fatal intelligence. produce a comfortable and confident state of We weather it yet. &quot.&quot. . and did not appear this last announcement. generous of our own My return home. but would go directly home. courage a good deal exalted. with them. having many little matters to look after at the house. How At happy was dinner I in my all unconsciousness animated. young Havens was coming eldest.STREET. was nearly sixteen. 29 Things were no worse than I expected to find them. a favorable business day. about which some which I question had been raised. I transacted spirits my busi and reached my house with much improved.OF WALL. and with a favorable result. around me. tions. the cheerful voices of my wife and children. my at vexed Miss Besides. a all good dinner and the to will fine old Madeira wine combined mind. Alice. ! we were I partook with a relish cheer. had occasion to go that morning to Jersey City. and I told Rollins that I should not return to the counting-room. to ness. with ref erence to a number of storage receipts.

How many with our indorsement must be seventy thousand dollars. recorded . the luxurious board. seated herself at the piano and began one of the gems from Norma. . our HOME lost is the house. There were some young people gathered in the parlor in They had danced a quadrille they had talked and laughed. At least Alice was finishing the last strain of that delightful air. She .&quot. still out?&quot. the choice damask and silver gone. and The music was particularly adapted to her voice. I rose and walked with him as far as the pillar it. sir. What by news?&quot. with the old wines and delicious liqueurs: and the house. Rollins.30 UNDER CUK RENTS the evening. He was very pale. &quot. in a uing the song from Norm a. We have her ad vices telegraph. away like a dissolving view those beautiful velvet carpets vanishing the fine sofas. Now Alice was requested to sing. . carried away by the abandon it. &quot. &quot.&quot. which separates the parlors. you a moment. eyes to enjoy Just then I heard the door open . and the soft couches. gone. With the last strain 1 beheld fading . &quot. low tone. Insensibly I closed my &quot. & Go s bills. Have you heard the news &quot. Alice. Barings have refused acceptance of Wise &quot. the rosewood piano gone. I want to speak with He betrayed no unusual excitement. but otherwise apparently not disturbed. I looked up. meantime was contin he said. The Caledonia arrived this morning. and leaning against I waited for him to speak. I replied. the servant pronounced: Rollins stood before me. ?&quot. and handsome furniture.&quot. he said. as the tones floated through the room I was gradually of the air. Mr.

. &quot. for what is it?&quot. I felt a soft hand on my arm &quot.At I turned. wife but to suffer what discomfort.&quot. Papa. possibly what destitution Not one swer. present. behold.OF it is WA L L-S T REE T. ! unhappiness.At quarter of a minute had elapsed since Rollins least s an seventy thousand dollars. yet. and hands of a prompt creditor. we 31 against thai mortgage for fifteen thousand dollars and in the interest.Charles. what . only I must step out for a few mo You ments with &quot. papa.&quot. nothing Rollins. &quot. the value of property depressed. ! how much had rushed through my heated brain it was my wife. where are you going ? Come back ! are always running away !&quot. . that mortgage and children remaining ? Oh! why? Oh! why had I not paid off Wife and children yes.

&quot. My dear he exclaimed. sir. of amazement. left in III. bills to a large amount. Corn . when after several Rollins. He had learned to trust to me implicitly. and which at that time was largely in our debt. Under the shock of the as tounding news from Europe. I said.&quot. Dread and nought Company on Baring Brothers and Company.32 UNDERCURRENTS CHAPTER HAYING gained our counting-room. ? gloomy view of our position will bills. and he handed me the journal containing I did read as follows : the foreign news. and I believe he considered me beyond the reach of catastrophe. night. After I had the morning a telegraphic dispatch had arrived an nouncing the failure of another heavy house in New Orleans with which we had business relations. I proceeded with Rollins to There we remained all I went carefully over till long after mid our assets.&quot. &quot. men It never rains but it pours. he looked at me with an &quot. air of forced cheerfulness as he handed me the dis were Rollins even then had no idea of the extremity we in. the firm is air hours of careful investigation. WILL THE STORM BURST? the street. drawn by Wise. Therefore. I why do you take such a am certain the next steamer &quot.&quot. &quot. said he with an patch. INSOLVENT.&quot. Rollins did not think to tion this at the house. bring intelligence that the Barings have accepted those Read that.

&quot. I think best.&quot. Dreadnought and Company. and &quot. so. I replied. It is powerful a house will have their bills a temporary derangement only back. we shall not suffer. which stated that at Limerick cargoes of Indian corn at that !&quot. &quot. How Look can you say &quot.O F W A LL-S T K E ET. The friends of Wise. Rollins would not listen to the idea. besides. had been offered for their freight &quot. and they will not pay ten cents on &quot. the dollar &quot. not a token which indicate the it weakness or fear of the result on our however. 33 have been refused acceptance by the latter house. The house of Wise. I continued. But. it is not possible that so sent back. a storm had commenced. with no data whatever before you &quot. in conse quence of the heavy fall in bread-stuffs.&quot. to to. pointing to another para graph.&quot. with the understanding we should meet early next morning. I had neither over2* . &quot. and the rain was falling. on the arri of the next steamer. with gusts of wind sweeping through the streets. and no takers. meanwhile.&quot. come ward that you what we must. and we tell shook hands at the door of our warehouse. our routes home lying in different directions. in my opinion.&quot. clouds had gathered. ?&quot. continued Rollins. that is.&quot. . Surely. if the bills do come them : they must protect them to the extent of their entire means. Since I quitted my house. was my reply. part. val will stop payment in a week. &quot. their acceptance before the sailing of the &quot. interrupted Rollins. all surmises are idle let us prepare for the shall worst least . Dreadnought and Company have interposed to pre vent the return of the bills. they will protect . with the hope of arranging for next steamer.

a heavy weight that itself weight which poor humanity must sooner or later take on and bear oppressing my spirit. I was cowed by it. through the rain. to bring . To many who undertake to read this history. The enemy were upon me. TJ NDE RCU R KEXTS The last omnibus had gone up. Such page that. the account of my experience will present no feature of in terest whatever. exposure on such occasions braces one up to a fine degree of physical resist ance. below. walking slowly a bankrupt. of his keen . But on that night I was supported by no such stim I tried to rally. homeward &quot. past swelling recollections of the within my breast. and my hour was come.34 coat nor umbrella. But I feel sure I with others. around until reeled. my head swam and walking with difficulty. How little do the majority of the world understand the sensitiveness of the merchant as to his credit. old They will ac company me as I walked that night slowly homeward Fifty years . and produces rather an agreeable sensation than other wise. could not was weighed down by a prescience which against which no resolution was sufficient. ulus. Not a on I was left to make the stand before the Astor. B A N K R U P T S &quot. PARKINSON AND COMPANY. CHAHLES E. . I read the letters glaringly displayed as I passed along. what narrate of myself will find a sym pathetic response in their own memories. Ordinarily. my manhood not to bear against it the blow that was falling to I could Suddenly seemed me as if I err. carnage head against the tempest on foot. in search of will be very apt to turn over the matter more attractive. I I read them above.

of his days of incessant appli cation . &quot. if you or a bottle of your old wine &quot. him at the bare thought of &quot. like.&quot. his fatal proach of the first protest. I had become absolutely exhausted mind and body. to the door.&quot. But I have a good supper ready there is and you can have something warm still a fire in the kitchen. she exclaimed. Never mind. The stomach The food and wine fortified. a gleam of . &quot. of the horror which oppresses pending. be the old Soon I had effected an entire r change of garments.OF WALL - S TEEET . anxiously surveying me. and I had some ways to go. had their usual effect. and was seated at the table.&quot. and the evening s work. I began to be anxious about you. How is this ?&quot. sus How little is known at times of his desperate struggles to sustain himself.&quot. There were no carriages to be had. and emptied the bottle of old Madeira. Yv ith the sudden strain on my in nerves and brain by the untoward news of the morning. be ?&quot. it so very late. his nights of sleepless anxiety. cheerfully. she continued. &quot. I ate with the voracity of a famished man. it cheereth GOD and man.&quot. you is are safe back. I &quot. &quot. agony at the ap moment when he must submit to the My wife came the &quot. which shall it . my own house and rung thought you would be caught in the rain. and I have every thing dry. . 35 appreciation of the sacrednoss of a business obligation. for unconsciously I had reached home. quite ready for you. Let it be the wine Let it the Scripture says wine.&quot. she said. had mounted the steps of bell. But you are soaked through and through.

affectionately on my shoulder. how bad news. I raised myself quietly from the seat. life. in the very prime of . my wife came close to me and said and Now. &quot.&quot. not in a tone dispirited. : tell me. without a . should it cause it torments you . ! you such agony as I see it does ? Remember what you have done already and you are young yet. I said. after all. and I feel certain it will turn out better than you now think. and almost self-reliance. &quot. abruptness !&quot. indeed.&quot. said my wife. so as not to break it with too much &quot. took her hand in both of mine. and with something of my old courage return but with a degree of ing.&quot. laid her hand quite satisfied. : Our firm will have to stop ! I fear &quot. we are insolvent is That bad news. yet kindly gently. Charles. to be sure and shadow passing over her face But why. When I had finished and paused. Precious comforter ! .36 UNDE 11 C UKKENT S hope lightened my soul.

They ! were so happy to get back to their dear home again. morning. and Master Charles ran up to me. When at the I awoke the next morning the sun was shining I in windows. and he says his father has failed. crushing me with a sense of some sense of impending undefined calamity a doomed evil. Gasping for breath. smiting fearful. as I entered. flash under a complete obliv I suppose an Then.OF WALL-STREET. what do you think I met Johnny Satterlee on the side-walk this &quot. Oh yes. opened my eyes ion of what had occurred the previous day. IV. exclaiming Papa. : . eighth of a minute passed in this happy forgetfulness.&quot. What . my heart. was singing with great animation : &quot. And my happiness is o er. And a spirit sad around my heart ! has come. NETTY MORE. sudden as a of lightning as it came swiftly. I SLEPT soundly. I descended to the breakfast-room. indeed. and they are go ing to sell their house and move into the country. I sprang from my bed. and various were the plans of enjoyment already formed for the coming season. My youngest. The cheerful voices of my children greeted me. unable to bear the agony which had seized on me. Oh I miss you. 37 CHAPTER DISASTER.

eh &quot.&quot. : I perceive am I insolvent. To you Too I will say they are in a very bad condition. Dreadnought & Company?&quot. still We free. have some pretty severe rubs. and how the criminal. as if were sailing under false colors. papa You wont fail. prying gaze. When an acquaintance saluted me in the street with the usual free I and hearty greeting. situation of &quot. largely. complacency. are interested. I On the corner of Broadway and Wall-street .&quot. in his tone of vulgar he exclaimed Parkinson?&quot. you. met the President of the Bank of Credit. and inquired the news. I felt self-condemned before him. you know nothing about it but. fancies as he walks abroad that all eyes are upon him. him a long way I As he approached he looked at me.&quot. sir. I presume you &quot.38 UNDP: EC TIE fail for. A little farther on I encountered Russell I should the last one I discerned in the world have wished to meet. &quot. will spent a silent half-hour at the breakfast-table.&quot. Then I quitted ray house and hastened to the counting-room. read of the nervous consciousness of guilt. Wise. you produce it wont do to speculate always said so. BENTS ? did his father want to you. papa &quot. What do you think of the I rejoined. Good morning. It seemed as if I ought to say &quot. I always stick to s my t his wife legitimate business (collecting fail. &quot. so.We ?&quot. thought.&quot. gentlemen. You I &quot.How are an with inquisitive. suppose will &quot. He stopped to shake hands with me. rents) and I don . I apprehend.Rather stirring times with ? I suppose I you are all right. It was so with me that morning. as off. but I hope not it largely for to be agreeable.&quot. Mind.

how polite are bank presidents yet that . Dread nought and Company fate of Charles E. I found the mercantile community greatly excited. one eminent Lon don house stopped payment. tell he had a good many of those is bills. may have been actually insolvent for years. but of the old of Wise. eral years at least. prescription and confi dence have attached to his signature In that year of our ! LORD eighteen hundred and forty-seven. As I I turned the corner of Wall and Wil in liam streets I heard the voices of two persons : conversa behind me. how obsequious bank cash his &quot. have confidential means of knowing they are worth a quarter of a In million.&quot. it ?&quot. senior member is regarded as he moves along the street . s bills . sustained entirely by CREDIT by the value which habit.&quot. his house firm as a rock could lose I happen to seventy-five thousand dollars and not feel it. for on it turned not alone the Parkinson and Company. was the answer. passed on. Dreadnought and Company itself. ! An old-established banking-house What associations of How the stability and strength gather around its name. banking-house and with it of hundreds of other firms or individuals. caught the following Wont Parkinson be a tremendous loser ? if Wise s bills do come back &quot. And man and house&quot. 39 He tion &quot.OF AV A L L. discussing the probabilities of the acceptance or rejection of Wise. iers to him. my intercourse with business men on Change. Can he stand &quot. they had been absolutely worth less than .S T BEET . but I you. and it was ascertained on ex amination that the concern had been bankrupt over forty Others failed whose statements showed that for sev years. Well.

and in so doing. The History true and the of Charles Elias Parkinson&quot. or some at command all which thy heart desires . called by my indite is genuine as . long years have suffered who have experienced there all that agonies indescribable. : and touching the broker.]* I suffered the torture of eight which days delay. the broker is I proclaim the fact. the cabinet of the bank-officers. during time I could form * little idea of what would transpire beyond in the What s interlined by Mr. PAKKIXSOX himself appears in brackets has been editor original MS. nothing. as much certainly The record I I repeat. each member all that lost ground hoping each season to recover the whether seated on some [Reader! whoever thou art: of the satin bell-cord. . to all the fair woman. I. I am not in your power . or a well-to-do merchant or broker. the Now man of wealth. humanity can bear hear me. and in this history of mine. a woman beautiful. having knowing not the sense of the word ADVERSITY. am about to tell what is I shall not spare you. (the his tory is name assumed). ! ! hear successful banker. sleek true about myself. I them on the shoulder. that there tion of any one of the posi nothing which should make for the you assured coming day. shall lay bare what routine of New York. Hear me me. editor &quot. which reach luxurious couch within fair and shall summon a servant to do thy bidding. I shall transpires in the business are potent and pestilent therein I speak of evils which the office of shall visit the counting-room of the merchant.40 UNDERCURRENTS ! time living in purgatory. the banker. shall say. can belong to the lot of man to undergo. Ye know not what a may bring forth day me who in Wall-street for long.

as if to close with me. Wise. my question as to the probability of the bills I held being protested.&quot. could not think of so uncommercial a transaction. * by the junior partner. A composition offered to their house ! : the great house of Wise. common &quot. you yourself must acknowledge . Dreadnought. I repeated ing several times I did see him. they certainly will not permit you to lose through them: and if they do stop. I retorted perfectly calm. Wise. 41 my own conviction of an untoward result. in.&quot. bills protect the and release you. at what rate will you settle these bills with me on the supposition they have not been accepted &quot.&quot. Dreadnought and Company &quot. thus bearded. was something manner which gave the lie to After call I was determined to see Mr.&quot. Dreadnought arid and replied not have stopped payment if they do not sus Company : . pend. Mr. The answer was still more vague and uncertain than that given I remarked.I ?&quot. assured there his me he hoped in his all would end well . The banker. Wise. I will take fifty cents !&quot. Wise. Wise. &quot. but checked himself Mr. neither was Mr. but words. Wise. his cashier s desk. however.OF WALL-STREET. hoping to ascertain something. Parkinson. &quot. At last I called on Mr.Mr. he replied. He was not The junior partner. a commer cial transaction I will take seventy-five cents on the dollar.&quot. The color rushed to the face of the banker till it was crimson. I repeat I cannot listen to a proposition so out of the course. made a motion toward &quot. &quot.

that he was Buffering from an agony of much stronger than my own. was in a de gree manifest. basis before a correct one has been as It was my turn to blush. my critical position &quot. I . It was a Xew York boat. The steamer would be due the next or the following day. &quot. I looked at Mr.&quot. and endeavored in brief to ascertain what if any thing was left of the one hundred and thirty-eight thousand seven hundred and sixty dollars which on the lirst day of January of that same year stood to the credit of our concern as cap ital.&quot. bringing letters still more disastrous. I returned to my counting-room. interrupted Mr. My correspondents too had specu lated on my and had managed to deceive I say. and the news would not be anticipated by telegraph. &quot. I me as to the extent of their operations. for &quot. It was time for me to put my house in order to see as near as . To me it was now of little consequence. Dreadnought and Company to my counting-room. credit. That had been .answered .&quot. spirit I am wrong. and a certain nervousness which.&quot. while he had sufficient self-control to repress. good morning.42 UNDEB C UEKE NTS the injustice of their selecting your house and settling with you on an imaginary certained. my labor ever since came back from Newport but every mail from the West and South changed the aspect of affairs. Wise had settled the question about the bills. My failure in 1837 was so much a part and parcel of . possible I where I stood. returned from Wise. And I see for it mine&quot. ALL. Wise and I saw by his troubled eye. I exclaimed with some warmth. &quot. Wise. You must make allowance &quot. My interview with Mr.

discount. and trusted to a large amount. involving a large portion of the community. this boiling down of assets to ascertain really forcibly than ever that in what was available. and would have to be protected. that I never realized in its utter and extreme extent the chagrin and mortifica In a general calamity there besides. Some still considered good. trating. and would soon commence to mature. On this scrutinizing examination.&quot. and at the what one owns must it be valued only amount at which can be converted . all that one owes must be counted as so much against him payable in gold. Therefore when I sat down to ex amine vvhat had become of our one hundred and thirtyeight thousand seven hundred and sixty dollars. I appreci ated fully for the tion : first time in my life the force of the asser &quot. our inventory a lib business debts due to us I had eral allowance for losses. by the two of our best customers. re of these notes were also under and for present emergency were of no more avail than if the makers had suspended. so excusable. come of our capital ? was the What had be Of regular question. so pros . but we had smTered severely since then. Quite as as I much had been failure of collected since the first of January had calculated on. I tion of stopping payment. was at that time of an age not to be cast down or discouraged. made in Here my account was not dimin ished.Riches take to themselves that witiys. but after all not so extensive. Their paper had been discounted at the bank. whom we regarded as undoubted. was a salvo to wounded pride . The crisis of 1847 was more special sudden indeed. Other debts which I quired indulgence. 43 the universal bankruptcy of the land.O F WALL - S T It EET . I felt more Mu-li a process.

and consequent loss of credit. every thing tells what requires against him . Liscombe and Com pany had consigned to us a large quantity of gunny bags. and unless we were largely. The seventy thous and dollars all of Wise.44 into gold. and to nurse attention. but with a business position unscathed were it not for the blow at our credit consequent on our transactions with Wise. When he stops. This article had with the grain-market. on which w e had advanced our acceptances for not quite T three-fourths of their then market fallen v r alue. too well satisfied that there was no hope . and was almost unsalable at one half of the original invoice. we were gone. With all this against us I felt that Company we might push through with entire loss of capital doubtless. be back on us to take up within three weeks. Lewen and notes coming due Saturday must be protected. So must Dexter. pursuing his business career his assets are valuable (because available) to him for their face he knows . Our two banks I knew would not sustain us in face of the failure of that house. very largely. weak debtors take advantage of his debts become bad. and Liscombe and had failed. Company Ell wise test : s discounted and Company must have an extension or go to pro also. sustained. UNDERCURRENTS This is one secret of the mysterious melting s away of a man means on his is failure. Dread nought and Company. until looking carefully over state of things stared position. So long as he to use how his them to advantage. doubtful doubtful. Rollins had left. Dreadnought and Company s bills would Several thousand to-morrow or the clay after. I say I never felt before the truth of these self-evident business my affairs the real me in the face. and many good ones propositions.

600 One hundred and twenty-four thousand lars six hundred dol nearly a dead loss. gunny bags. my . Liscombe and Company. Again. I am not a native of I New York. for was herself from my own place. I came here from Rhode Island when was a young man. 13. Other bad debts (at least). They went back to the period I sat half an hour. .000 $124. My wife early associations therefore are not of the city. who used to be in my : employ when I was a I successful silk-merchant. I My my had early friendships not here.OF WALL-STREET. and say that I should not be home till in the evening. had no family native ties here. No one remained at the store except the porter. We . and that within a few weeks.. very busy. I knew to be impossible. head resting on my hand my thoughts busy.. again went resolutely over the figures Seventy thousand dollars with ten per cent damages. The slight per-centage which ultimately might be paid could scarcely be taken into account. 45 I had requested him to go to my house to dinner.600 17...300 Tighe and Lenan. Lewen and Company. this sum was not only lost to me.700 5. I had the sum to raise in cash from my assets if I would preserve it my credit. but that amount being nearly all under discount and all going to pro test. beside depreciation of stock and complications with correspondents. for us .. I bid him light the gas.000 11. $77.. . of my childhood.

There was a man who looked much eyes. placed of doing this quite different from the ordinary habit. a satisfactory opinion. I sat. they had gone to their rest. older than fifty. cousins a network of relations firmly woven around them. which the lot of those when ad and versity overtakes one. after a life of honorable usefulness. sisters. In this manner standing up before the mirror I was regarded by myself. looking after some little obstruction I say. In stead of the complacent or important or scrutinizing air em for the purpose of ployed ordinarily when before a glass. or adjusting the dress. what are you in the face doing ? Dare you two look each other long Thus. brothers. whose hair was becoming very gray and . yet I shield of had not is for protection the FAMILY CONNECTION. ?&quot. battle of had been a looked into a mirror sharp one. my head resting on my hand. and had journeyed through life in the sympathy. Watchman. or confirming instead of this.46 U N DER C UKKEXT S grown up closest together. tive and fresh was my boyhood So ! How. Thinking of my boyhood: how ac of my father and mother. : Oh there you are. Thus. you see your SOUL gazing out at you through the two &quot. ! ! ?&quot. I had worked hard. almost envy who were surrounded by : parents. life Well. I often used to think of this. My father s I salutary counsel sounded in my ears once more. Ask the question there. heard afresh my The mother s tender advice. what of the night met at last what have you been doing. &quot. I rose and There is a way the over was which mantel-piece. go before it and regard yourself . although I had a large so potent circle of friends and acquaintances. and I had lost. revolving the events of my past life.

again.&quot. &quot. whom By the world thought so good. !&quot. How could I look people in the face &quot.&quot. 47 Care. Neither have I spared myself. of late years. Yes: I thought over the list of my friends when they heard of my say ? failure ? began to see it. with worse before &quot. to cultivate the morale of my nature that part which should survive misfortune and calamity my man should release ! me Then I : hood! had been too much carried away by the material success of the past four years.&quot. Said the soul out of the glass at last Well. . anxiety.&quot. impulsive feeling this time forward to be chained to till death adversity thought how I had omitted.&quot. my companion. was the reply. Do you remember how pleasantly we used to gaze at each other when we were young Yes &quot. I do remember.&quot. we have come to this. From any more to have a fresh.You &quot.OF thin.&quot. who was good for regarded as so undoubted :&quot. I had placed too much I value on becoming rich. weariness. WALL - S TREET . and en- . &quot. Do not be severe : do not regard me in such an awful manner. ?&quot. What a burst up a strong effort I seated myself and tried to bring philosophy to my aid. were exhibited in the brow : and over the countenance. &quot. &quot. Was it indeed so ? Never to be young any more ! ! Never &quot. have not used me altogether as you should. joyous. Wouldn s t folks me curiously and ex claim : There Parkinson. whose eye all credit was any amount. Then I what would they say What would every body ? I. Let us try to be young Impossible. &quot. &quot. us.

and had by honest attention to in the me his duties brought up his family comfortably. But I could not be calm. : the trust we reposed him was children He was &quot. take my advice and don t make a beggar of Mr. Williams had identified himself entirely with glass caused &quot. I rose again. said Williams. I know what you would say about your property belonging to the creditors. reflection in the me Parkinson. and besides placed quite a sum in the savings bank. could not speak. Williams continued It isn t for me to give counsel. Tan t honest nor just to your wife nor them young children. every body when voice I it does cm good s to hear a friendly voice : . again by seeing the A figure of a man reflected in I it.48 UNDEB C U K RENT S deavored to regard my position calmly. I turned and beheld Wil liams our porter. to under a time heaven But there comes I can t. Mr. and my I is friendly. a favorite at our house. &quot. I was startled I looked in the mirror.&quot. took the man hand in mine and pressed : it warmly. This was the to turn. It s no use. but if things be going wrong. Now I try to think right and to be honest myself. Parkinson it is friendly. ami I don t allow that any man has any lawful right to make a . In short. nervous feeling had possession of me. I say if they be going wrong. He was remarka member in ble for honesty. but I see you are in trouble. Nobody will thank you for it.&quot. I have no right to say : I know I wish I could help it. man whose &quot. and my really loved him. was about my own age. and was a very conscientious of the Methodist Church great. Parkinson. have already mentioned that he had served He same capacity when I was first in business.&quot.Mr.

Williams. lie .&quot. We shall see. Don t t think it. morning. GOD knows what they will &quot. Shall we lock up. &quot. tried to get into business : those who used to sell him said have got our pay. ber the auction at his house sold last .OF WALL-STREET.&quot. I couldn sir ?&quot. me it too plain-spoken. because then he has no power to help himself or any body else. . I attended his funeral again couldn get credit . you mustn t put yourself where you can t earn any thing. broke his heart t . and bring my all letters to the house early in the &quot. clean broke his heart. lock up. thank you. dismal solitude. 49 pauper of himself. There was poor Mr. and endeavor to do for the &quot. . Monday . said Williams. we won t risk So it any more. help would come out. The very thought caused It was a glimpse back into the heaven from which I had been thrust out. would have every thing then he took a small tenement at Harlem he died . We yesterday.&quot.&quot. Hazlewood who failed last You remem year. Thank you. The good creature did not want me to stay any longer in my &quot. do. my heart to beat quick. I said to myself as walked up the street. Yes . If you want to pay all off. best. If those bills should after I turn out right !&quot. leaves a wife and six children.

hoped it be but temporary. can but the merchant. proud and sensitive panic. Looking care at our exact situation. to request dollar. my spirit had re covered its natural tone and vigor. of course with the entire loss of our determined therefore to prepare a clear statement and submit it to my creditors. it seemed to me fully again and again if I could have the control of my own aifairs I might possi bly pay our debts in full. blow had Mien.50 UNDERCURRENTS CHAPTER THE bills Y. I them exactly our five cents position. after which. that they deemed Dreadnought and Company announcing would it best to suspend. from prudential motives. Dreadnought and Company s A card from Wise. I had gone his of credit. and so forth. I comes a sensation of relief and relaxation. but I knew I had passed through my it was only to soften the fall. when all is over. Now that the intense agony which reaches its properly appreciate the acme as three o clock approaches. steamer was in. and after showing capital. by a slavish apprehension. I was no longer cowed None to protest. Wise. A panic in Wall-street. ATTEMPTS AT COMPEOMISE. returned. Some were led by it still to have confidence that the house would go on. them to take seventy- on the ment of that sum by reasonably extending time for pay I would add my honorainstallments. had determined what course to pursue. .

and it was very &quot. too. favorably acted on. and where was it ? It was a prima-facie case of task. I I had first to overcome with nearly one the idea that I was worth at least a quarter of a every million. my frank. If you would test the different natures and dispositions and temperaments of men. and these did carry conviction along with them. my creditors as well as for myself that I if because forced into an assignment I feared fifty cents. He and he believed it would be . that here serious impediment. undertook the some improper or reckless management. stating that I hoped to save something to work with beyond the seventy-five cents offered. and I believed it in was better should do for so. However. but in a tone rather would submit our proposition. ble assurance to 51 all. I will not that this say proved a accurate authority. The president of the Bank of World said nearly the same. After preparing myself carefully. that if my life was spared it was my pay the whole. My accounts were very clear. either on your own ac intention to count or for a friend. It never occurred to these good people was an instance where the mercantile agency was not accurate.OF WALL-STREET. our assets would scarcely realize the necessary documents prepared I started on my visit to the various creditors. go around among a set of cred itors seeking for a compromise. I was course of business legitimate. The president of the Bank of Credit assured me of the favorable disposition of the di rectors. more guarded. my conduct irreproachable. reported me worth that amount. for the mercantile agency&quot. With and bade me rely on it there would be no the difficulty with them.

As proceeded to state his chair w hat T I wanted. who held a considerable amount of our paper. and I wish you success let in getting if we can render you any assistance me know. I had not much in timacy with them either. I left the counting-room of Longstreet and Company with a light heart.52 I then UNDERCURRENTS went to Longstreet and Company. name of said : and handed it back to me. . &quot. and went patiently over my state ments. so I thought I I found Mr. Longstreet in his private He received me. our house are satisfied with the manner business. both expressed great surprise. and finally adjusting his spectacles with much precision.Mr. first. This house I had known less of ness. Then he Parkinson. every man . asked some pertinent questions. What if Longstreet had given me personal friends in this courage those quiet words of old Mr. He drew up to the desk where I sat. he took the document respecting the composition. I with more ceremony than usual. than any other with which I did busi had been extensive purchasers from them Their dealings with us were always conducted with a degree of formality peculiar to the senior partner. would relieve myself by going there office. I fancied. How much might I expect from ! almost an entire stranger had treated ! me handsome manner went next to Chapman and Terry. Did not understand how it I could be on thought I had a quarter of a million to fall back every body said so. Here both partners were in. you have done through .&quot. and quietly affixed the his firm thereto. although since we we commenced. and I dreaded more to go in and state my errand to him than to any other of my creditors . a large tea house. his manner relaxed. couldn t afford the loss.

some wishing to see other creditors. and without more ado scrawled rapidly the name of the &quot. whose office was in Wall-street. and had purchased this note only a few days before. Parkinson delay the .&quot. and handing it back. to Chapman. grumbling. gentlemen. : Well. I will call again when as you are more at leisure. get through as quick as can. : Good you luck to you. did not believe much in signing thought I ought to get the banks on first. house. to whom I paid an early visit. we want This you for a customer. for they declared they had not time to look over my state I ment. said &quot. was produced by the success of my two interviews. so I said &quot. at leisure as they were likely to be these times better a finish of the matter. ran his eye hastily over it. much make it . must look out off. Mr. some taking a day to decide. generoushearted fellows that they were. and have no more bother about and thereupon Terry took the paper out of my hand. stepped into the the world. I called on several other merchants with whom I had more or less difficulty.&quot. and could have jointly and severally embraced the firm of Chapman and Terry rough. Good street effect my heart began to As I warm toward all day. was despairing of making any impression on such people. at the rate of . and after our credit began to be weakened. 53 for himself. Oh! as to that. Fortified with these two important signatures. He held our He was a rich man who invested most of his ready means in commercial paper. some signing There was a Mr. Oilnut. off at once. they were . I could have hugged in my arms that formal old gentleman.OF WALL-STREET. note for eleven hundred and fifty dollars. nodded all right&quot. petulant. the longer you more trouble there will be. and so forth. Besides.

and then come to me. I replied. You will find me disposed to accommodate Thrice I repeated my visit to this man. Tut. Well. but cash in hand that we must have quick returns for. True. As to his little affair. tut. cash in hand people must be expected to give value received for. position and that of your other creditors. will lose but &quot. little by in taking seventy-five cents on the said dollar. well. I must recollect he had paid cash for it hard cash. But this is a business debt.&quot. certainly not. Parkinson. and re-a-sou-a-ble &quot. but in so doing you made list to 1 &quot. Oilnut. Mr. GOD first. he presumed we did not intend to include it in the be compounded with. and Mr. Cash Mr. Mr. a month. that note I hold does not mature for two months. you. an unreason the business debts on &quot. receiving each . forbid.54 UNDER CURRENTS three per cent. &quot.&quot. not absolutely refuse.&quot. sides. we will not quarrel about terms . Oilnut. trusting to information which he thought sure as to our unquestionable ability to go through. and you can buy notes now. plenty it. and not always good stocks. &quot. a much larger profit than the merchants at the rate who are my cred itors. Oilnut. You can t pay an in voice of merchandise over the counter. call again.And do I understand you refuse to sign &quot. Mr.&quot. profits. off?&quot. Oilnut received me with an extreme of courtesy deeply regretted our temporary embarrassment.&quot. Parkinson. us. my dear sir. nor a bond and mort gage. the of time to arrange for able man. Oh I ! no. my was merely explaining to you the difference between Be s all. You wont find me You had better get all &quot. you are too hard on hand. blandly. you &quot. Mr. call again.

My friend. permit me to say to you that I despise your conduct and since you have ap oughly indignant). me He begged . that you declined to sign oif. and had you told me day I first called on you. out. me to go on precisely it was not in existence it. returned Oilnut. I found Mr. &quot.I I said (for I was now thor see your drift. I would not complain as it is. it was Mr. On due consideration. Oilnut. &quot.&quot. which he had the previous day requested should be obtained before he was ready himself to sign. do it you volunteer that as a piece of information is you do.&quot. he did not think he should be called on just then. His opinion on the subject had undergone a slight modification. stale : I have heard it before. . plainly the .&quot. Very well. I will add that &quot. Oilnut intention to be paid in and on the day his note fell due. Oilnut more bland. more uncertain than ever. 55 time more encouraging assurances.OF WALL-STREET. with a suggestion that I should get such and such a name on before applying for his On my last interview. not the slightest. The scoundrel hoped before that. . ? my if friend. quietly placing himself be as I tween me and the door was going &quot. when was perfectly convenient I would arrange s he knew I would. pealed to me as a gentleman and a are man of honor. this By time I saw plainly full. Good mornincr !&quot. having procured the name signature. Mr. more sympathizing. some modification his word that I He pledged and a man of honor and he gentleman would appreciate that that he would not cause as a as if this note me felt the slightest inconvenience. in my opinion you neither. I should be once more in active business and could not afford a protest.

. and one in my welfare. to be excused at least. and particularly advantageous to his house. Mr. He begged ter of an ity his &quot. I foresee will break you up. His family and mine were very intimate we attended the same church. return. I warmly interested as a true friend knew he had come back the day before . a leading patron of the opera who ? affected the who had dined at visits my house . Mr. ! and asked pardon with great formal All traces of the friend had vanished from as if he were condoling with me on the &quot.&quot. in which he was a leading elder . after leaving Oilnut s. was absent a quar hour on entering. Heavens. and I looked anxiously for because I considered him a judicious adviser. UNDER CUKEENTS And has such a wretch any soul ?&quot. interchanged with us generally wish to follow out such a painful train of thought. loss of my wife or child all ? . what a change Very sad news. our suspension. . Parkinson.56 &quot. so I hastened. attended my wife s parties . demeanor. I went to the store of Mr. who at the same time was a creditor to a . said Goulding solemnly. Could this be the Oilnut who had such a nice daughter .&quot. was surprised to cover a certain embarrassment exhibited on my entering. who was fine arts . I He dis was quite alone in his private room. it But will break you up yes. I suppose you : will be able to pay it. for a moment . I asked myself as I I walked along the taken street after leaving Oilnut s office. large extent. very it sad. a personal I did not As friend of mine. Goulding. to call on him. : had my first lesson in misanthropy more was to follow. Goulding had been absent in Charleston ever since his. our business relations had been always most agreeable.

Mr. For a minute not Then Mr. &quot. but I strove to retain my courage. Near seventy-five I ly all have signed. &quot. Parkinson. Oilnut my creditors themselves ! Two courage So. must be brought by affliction to a due sense of dependence. my wife and children. word was &quot.But &quot. come now for the signature of your firm. we cannot afford to make In such a You owe us over four thousand dollars. with a long-drawn breath and a settling myself out of my old position as this man s friend and a settling myself into the position of regarding or three others take time to consider him as somebody hard have no to deal with. Goulding. I have long felt that you have too much neglected the things which belong to your peace. Goulding continued : Mr. I responded: as to doubt you are right short-comings.Mr. cided officially to accept must be paid in full so my proposition. said. During I felt like this harangue I was slowly recovering my senses. My sir.&quot. I my have made great progress toward procuring an extension. on the basis of paying cents on a dollar. justice to &quot.&quot. and dear loss. I exclaimed. sacrifice me!&quot. we should consider all these misfortunes as a direct chastening from the LORD. &quot.&quot. I 57 a was struck dumb. said Goulding.OF WALL-STREET. I am : nearly through . Doubtless your worldly pride has been too great you have had too confidence in your own The unsanctified strength. much heart. but you do not understand the ex act position of my affairs at In your absence I present. actually dumb. decline. Parkinson.&quot. one bewildered.&quot. . I said to myself. both baaks have de to be sure say. surely for a thousand dollars you would not 3* . I must our long and intimate friendship.

who are the wife. or have been in business. why. who are clerk for a ment. offer it. Parkinson. inson. privately you know. It is literally what rience.&quot. if you will agree privately to pay me a in full. I will sign the paper. each of you. through By George. in this narrative with a degree of interest . Park motto. I will for let once waive a business rule and friendship sway me from sake I de my duty . have stop ped payment. to expect to pay your debts one part cash one part friendship! ~No friendship in trade that is my But. have asked an extension. By I secured the services of it an adroit and influen merchant. you will appreciate my situation and Reader if will follow me one. and we will all that be friends again. will for old acquaintance clare I will. not till you get all straight again. and to Gripeall. and so will you. too. Besides. you know. yes. only. shan : t expect &quot. young man. and and you will go on just as ever. or other business establish may and should find a useful lesson in what I indite. Will put you : right too with the to sell agency. there now. happened to me. you at first you understand. Parkinson. merchant or banker or broker.58 &quot. lady. I tell you what it is. you will be as good as new in a week. and secure the whole by s mortgage on your wife I house. mother or sister of some such You. and visiting together. Goulding was tempting. and I will go to and Company.&quot. You see I know where the shoe pinches. what was ? my expe duty under the as a true tempting accepting tial of Mr. and put you Screwtight there. Read It it Tell me. ! you are. ! &quot. or have sought to eifect a compromise. Mr. and probably would insure the success of my . was the coarse reply. UNDERCURRENTS A pretty idea.

&quot. It WALL - S T K E E T. seated in an audacious. coarse-featured. had still explained to him request . too. beyond peradventure for my wife s house could not gage. but the image of HOXEST Mr. he said in a coarse. of whom sympathy had signed join on the same terms. I hastily see him. . . with heavy black hair and whiskers. Longstreet rose before me and Terry.OF plans. and a servant announced that a man wanted to see me. mildly. but in the hour of my greatest Perhaps need and misery. &quot. It was of no use. and so forth. peremp . perhaps thirty years old. I saw with their bluff but genuine and other creditors who trusted me. self-possessed pos ture. the person into the library. 59 was only paying him a thousand dollars more. was my reply. was late in the afternoon. presume. how peremptorily but calmly. and I left him . fail to bring four thousand dollars above the mort Do you wonder I hesitated ? I did hesitate . I had dinner when there was a ring at the door. I nearly finished my went directly home. And I am John Bulldog. self-sufficient. &quot. It is. I felt nervous . and that at an early day. I REFUSED.This is Charles E. I Parkinson. a large. loud tone. se cured to be sure. refused to give it. and insolent swagger and domineering air. attorney-at-law !&quot. He was as it like adamant. hopes to bring him to my views. made a mistake torily refused Goulding I nay. What was his name ? The servant did not know the man . so. I found. overbearing look directing him to ask finished and went in to ing fellow.&quot. &quot. on condition that the rest should I all Chapman . I never regretted it. I I could not honorably accede to his s offer that I believed I should pay all in full.

Yes . ATTORNEY-AT-LAW. Bulldog. ROLLINS. VI. Are you prepared to pay the note ?&quot.NEW YORK COMMON vs. JOHN BULLDOG CHARLES E. Whereupon laration. but I was certain it uni house. JOHN BULLDOG. payable to my own order. &quot. and confronted me ?&quot.&quot. which he reached toward me. dollars it and at thirty cents.&quot. from their habit (which has since become almost versal with merchants) of having all notes drawn to the order of the makers. said he.60 UNDERCURRENTS CHAPTER HE &quot. It was a dec I took it. The name on the back had been was one held by his carefully erased. I recognized once as one of the notes given to Goulding. &quot. your signature It which he held up for my inspection. rose as he spoke. PLEAS. . ! I stood quietly waiting for Is this. him to speak. on the back : &quot.&quot. entitled the fellow drew a paper from his pocket.No.&quot. and I handed the note back to Mr. &quot.&quot. was for ten hundred and sixty-five producing a note I took it in my hands. PARKINSON and EDWIN A. &quot. &quot. this is my signature.

belongs to me.Now you it s will under stand. that you apply the sugars and teas. &quot.&quot. continued Bulldog with a .&quot. including costs. &quot.&quot. and you will then hear from &quot. Motives of delicacy. know what to make of this extraordinary propo Instinctively I felt that there surface.&quot. &quot.All right. ? charges and expenses. said Bulldog. are you green ? Don t you know me ! I do not. to &quot. to the payment of rny claim. Mr. Having brought my action on this note. &quot. for a I perceive. wont I do. Parkinson. was something breeding below the &quot. said the creature. me.&quot. I will consult my counsel and give you an answer to morrow.Well!&quot.&quot.OF I looked at suit is it W ALL-STKEET. this on a note we gave to the house of Goulding and Company. Look &quot. to-morrow I shall consult rny counsel. de mand further. &quot. it &quot. to me. you comprehend. want know what you have have to say You have heard all I this evening. Goulding your old friend. and other merchandise in your store in Front-street. coming nearer ?&quot. &quot. here. I repeat. said the attorney.&quot. Parkinson. if the furniture be insufficient. said the attorney. moment.&quot.&quot. I demand I of you that you apply the furniture in this house. and so forth leer. demand and &quot. &quot. answer. not exempt by law from execution. I. and I who have sued it. Do you consent or refuse I want an I did not sition. to the payment in full. 61 said &quot.I have made a to say to it.That was my reply.&quot.&quot. Don t know John Bulldog By - - you ve got to .

who know. so. coat.Parkinson. and mind you I go by the law. are how much you owe them you know you my off or not. a good lawyer and that makes a damned ? Look here. that s all. Come I can t tell should listen to why. I a know Norwood. Strange to say. You had better believe that. is . Would if like to see any of these chaps oppose you then. By moment it s At that I felt something pulling at the skirt of my old. know now.&quot. I will but I feel somehow if inclined toward you. Just then his glance fell upon her. don t do it. my while to explain. fool. I will put you all Damned if I don t. have to say. tell you you that you are a But gone case. fix up this busk and I will have you on you through. is By time you have found out that Goulding old hypocrite. I own those notes. I know who your counsel is. you are all right there. . He s enough with no common any time. this sort of business so I think it new to you: I see I it is. don know why. I would rather you reason. your legs both Now.62 UNDER CURRENTS him. a little girl four years She was looking at Bulldog with wide-open surprised eyes. I tell you that you had better to get Company and Gripeall. I. save you you will give this me Only you must pay these notes. I am t an attorney- at-LAW. dollars counsel- fee. a damned sneaking engage me in less ness. Screwtight and . Retain me and know whether they have signed not hesitate. fool damned sense. and by a chance. It was my youngest child. than a week. will you Just listen to what I I tell you you ve got to pay me the four thou sand and odd dollars you owe me. You t an dealing now with worth Goulding. Parkinson. you understand. me. but damn it. For one thousand hunk. clients . Now.

&quot. gives out. Parkinson. come this way. you through. and was let ! at my ?&quot.&quot. that I believe I little am getting to be a damned room. no. pointing to There was a desperation in my eye before which a coward would be sure to quail.&quot. 63 after as if had twinges of conscience. .OF the wretch still W A L L. There. But my blood was &quot. Bulldog it. I heard ward he had a wife and two children. since reply formal demand. I returned to the parlor. child. a pleasant evening.Any &quot. had not spoken a word. man who never debt . wrong?&quot. he turned quickly away. would be the consequence ing : knew and first accepted So tak my little one by the hand. Parkinson. say Now moment then the last What do you Up to this ing to his the face. &quot. Once it. opened the door. . Then we had happy. you pay Goulding s you must do I own and that fool : enough. me tis take hold of you.&quot. You more are in the hands of a I tell it. send her out of the again pulling For coat. arm. up. quick walked out of the house without a word. Yet I knew what it. he laid hold of another horrible oath : my By s . I said. He started seized by a sudden and acute pain &quot. damn little &quot. The children were very . Now I looked him steadily in I I I ! knew or it was all over with me. Anna had followed. &quot.S T K E E T.Oh thing was the question. and said with then recovering. and put call.

but our consideration of it. how independent they How a penny toy. and find they lack what s most important in the world into the heart. and a cheerfulness which grown-up people may indeed envy ? ? till Do you know how It is not conventionali they become acquainted with the is ties of the world. eyes. Strange to say. Thus which not the thing itself. change of position from wealth to the fact that poverty. to the quick. selected most expensive shops are to find -enjoyment in ready children a contentment with any condition. father. lie upon was better than anybody Never. has on us so extraordinary an influence. a rag baby. looking back our in most agonizing. Where . It displayed such entire reliance He was stronger. that discontent creeps and it is dissatisfaction takes the place of this blessed state. the children of the poor are as happy with with a bit of broken china. DIGRESSION. their it was the thought There was that in touched young natures which in this connection me else.64 UNDERCURRENTS CHAPTER A VII. their lie could not suffer defeat nor discomfiture. ! AND stances blessed be you ever think of ? Did GOD for all that children enjoy are of circum it. or their rich with their endless mud-pies. I recall distinctly of my children which most afflicted me. to what was most oppressive. as the offspring of the with so much care from the variety of playthings.

such pain. it was the thought of my children which most touched happen. Yet how unconscious were they of causing me and if But I digress. there was safety. it my heart when I reflected Their innocent and guileless faith . dent grasp with which 65 Even now I recollect the confi little Anna held hold of me as she gazed with instinctive apprehension in the eyes of Bulldog. have you yourself never experienced any thing like it ? Whether you have or not. would receive about it . will you not at least excuse those is little beings. upon what was about to the shock which .&quot. you cannot sympathize with. . our SAVIOUR said &quot.OP WALL-STREET. Perhaps who knows ? it was her presence which moved me to act toward the villain as became a man. he was. I repeat. which pre vented any compromise with successful knavery. of my whom devoting a few paragraphs to : Of such the kingdom of heaven. the impossibility of their understanding it all was unnatural . I declare these feelings at times oppressed me almost to madness.

REMARKED that after turning Bulldog out of doors It we passed a pleasant evening. besides lose even that balance. and I saw he was determined to do so unless I paid him in full. Goulding took stock in enterprises which entitle he believed would him to admission into the kingdom . narrow-minded man. His A bird in the hand. fectly that it was so. I confess I was astounded. I had resolved not to do to this. Never risk what certain for what is uncertain. granting time for the balance. That and settled in a manner to preserve me my I self-respect self-respect is a was perfectly calm. however.66 UNDE It C UKEENT S CHAPTER I VIII.&quot. Yet when I stopped to reflect tower of strength on Goulding s course. It really was not for his interest to sacrifice me. he acted on the principle of making sure of every dollar. etc. Yet this course had carried him him successfully through rich. Evidently. classes was considered Not content with standing high in financial circles. THE ASSIGNMENT. I understood per to prevent ray was in the power of Goulding carrying through the proposed compromise. many disastrous seasons. all and made Goulding In every situation and by a safe man. gave up twenty-five cents dollar. &quot. . he might This was the narrow reasoning of a sordid. He was confident of being able to compel payment or security for the four or five thou If he sand dollars on the we owed him. doctrine was. is &quot.&quot.

that he really had safe assurance for passage ? into the next world is. . should he read will this history. his coachman in livery. W A L L-S T R E E T. his horses thorough-bred. That the part of sanctimonious hypocrite had been so long it played that had become a second nature. What misery. I am inclined to think he did. that. And lie Goulding. what trouble. and if it gave his wife all. elder in the church sought his advice . it is : probable he &quot. He was 67 an He subscribed largely to charities. He used to say the how much women were why. his heart to was foreign to such things. For several years he had been the The clergyman active superintendent of the Sunday-school.&quot. what had Parkinson to business transaction. and He had So prob ably learned to thoroughly deceive himself. after was harmless enough. it pleasure. who by the way is a type of a pretty sort of person large class. he be very apt to exclaim It complain of ? for was a fair Why. any matter under discussion his His family assumed a good deal of fashionable display. Didn he owe the money? Busi ness is business. may read it. ! what anguish true that the one human being will cause another Is it goddess Nemesis never tires. what distress. never intermits her unerring . and in counsel was apt to prevail. but be considered. It wasn t t me to pay his debts. was he really unconscious what was ? to eternal Did he honestly believe he was travelling the road life. and generally present at the Thursday evening prayer-meeting. His carriage was an expensive one. This was the man who this could employ such a creature as Bulldog to harass and distress me.OF of heaven.

quick-witted. was a shrewd. of honor able instincts. the loss of the which might have re mained to and my my own personal ! wife. Norwood. the misery and destitution of my family. Minutely I stated the whole affair with Bulldog (I had previously conferred with Mr sion. and commanded the respect and Mr. and always at the ap pointed hour? ence. surely reaches her object. torments. most un sparing in their prosecutions. of the law firm of Norwood and Case. it brings in handsome and safe phere. Not withstanding Bulldog s sneer. Goulding has not has retired from business with a large fortune. An His family have attained a high social position all things flow smoothly with the man who employed Bulldog to visit me of that evening. generally go down themselves failed. Mr. and He em ploying his capital so that returns. To whom is chargeable the breaking up little my business. Case. energetic young attorney. odor of sanctity surrounds him like an atmos I see his name often on public subscription-lists. . But there are striking exceptions to this stern rule of compensation. is in the long run. those merchants to the wall. All things flow smoothly with him When. had been on terms of great intimacy for more than twenty years.68 UNDERCUR BENTS According to my observation and experi who are most severe in driving debtors in their pursuit. this gentleman held an emi nent position at the bar. O Nemesis ! is the appointed hour ? I lost no time the next morning in calling on my counsel. and a high sense of what became his profes esteem of all. With Norwood I . who was associated with him. most extortionate demands.

&quot. persons of the highest call in respectability. work. He has doubtless something in view in making this demand. there was a profound silence for a few minutes. he does not resort The result that RESPECTABLE call their MER hard CHANTS employ him to manage what they cases. and he knew my efforts for a compromise). very sorry you have fallen into the hands of this scoundrel. When I had concluded. Presently : to lay stress on his demand. give yourself no uneasiness about that. by which he hopes wear you out and compel payment of his claim. Members of the bar are undecided &quot. what can we do ? I know all about him. payment of the debt friend. &quot. Yes. I asked. or Now I know that sel when they wish to appear Burnham and Prince you see they in the background. tion There is which does not embrace a to. no species of petty persecu violation of the statute which is. . Mr.&quot. ?&quot. are the regular coun of Goulding and Company. Norwood about my was making in 69 the progress I matters. He can do nothing except to give you a great deal of annoyance. what I am coming to.&quot. I Yes. But what can he do That is ?&quot. to the &quot. He undertakes to collect doubtful debts by bullying his victim. in a brown study.OF WALL-STREET. My am what course to take with him. As to the legal result. did he &quot. yet Bulldog for their dirty &quot.&quot. Norwood appeared to be The fellow seemed he said &quot. As long as he infringes no law and no rule of court. And he specified certain articles he desired you to apply ?&quot.

before whom he manages to It was only yesterday I endeavored to get a snap-judgment opened which Bulldog had taken his motions.&quot. Bulldog the Court of Common Pleas. my face the next morning. : I have but a few moments.&quot. With called Norwood &quot. Case. your office and get a he s better one in his place green. stepped into another room and Mr. Parkinson &quot. I don is. so completely is Calcroft un so enraged. promptly. so long as My advice to turn that clerk out of you keep yourself within the EULES.70 UNDEECUEEENTS is. no verbal binding. Bulldog en tered judgment. You I are better acquainted with the tricks of Bulldog than am. that he will obstruct you in getting through with your compromise. Case. der Bulldog s influence that instead of vacating the judgment . The latter entered. interview.&quot. * against us after promising one of our clerks verbally to give us another day to plead. What is to be dreaded that Mr. If it had not been in the court-room I should have knocked the fellow down. &quot. as I must be at the Hall at eleven o clock. let us know* what he briefly described is driving at with Mr. and laughed in for being so credulous. stipulation is you know. bowed to me. and he you. Case. where he said all has managed to obtain an extraordinary control in ters of mat mere practice. you never need be afraid of me is. applying for further as The young man was to blame in time to him instead of the Court. and do you believe. and.&quot. Norwood &quot. said he. But stay a minute. and said to Mr. now . my I can tell all brings his suits in Mr. t mean to say any of the judges are corrupt. I was Yesterday I made the motion to open the judgment. but the fact hand of Calcroft bring all in he has actually got the upper particular.

I which a WARRANT OF ARREST ISSUES ! am at affi told that Calcroft all is inclined to sustain this construction . said Norwood. o vents. There.&quot. by Bulldog. Parkinson s affair we have now to con sider. after Very annoying. smiling at the way &quot. Case. Bulldog contends that and made such a de comply he can bring the case within the provisions of the act to abolish imprisonment for debt. Mr. tion four. &quot. Mr.OP WALL-STREET. because the parties will be only too eager to escape from the custody of the sherbT before some way. on &quot. &quot. though. as was once done in the Superior Court. 71 and indignantly reprimanding him. he only consented to let me in to defend on payment of as security &quot. mand. &quot. Case.&quot. and TO PUNISH FRAUDULENT DEBTORS. putting his finger on sec page. He tried it on with Lewis. in the language of the act. &quot. but he gives one a world of trouble. Of course he can t do any such thing. Norwood took down the second volume of the vised Statutes.&quot. prima-facie evidence that the is about to dispose for of liis property with intent to defraud his creditors? and What is worse. he has issued warrants to my knowledge. and it becomes . Oh ! I understand about that. failure to he has commenced such a suit. Re and turned to the one hundred and seventh said Mr. and allowing the judgment to stand !&quot. is defendant. when he knew settle in what the The question has never been tried. forget that it is Mr. on just davits prepared facts were.&quot. his you junior was carried off by his interest in his motion. But. costs.&quot. to the Bulldog claims that a refusal to apply property payment of a demand against which the defendant is admits there no defence.

but really to your affair. am settled on that You are aware this will I point. street. I think tempt to arrest you early in he will be ready in his at the week. go to your counting-room prepare sched and assets as soon as possible. I He is a cowardly bully. ules of your liabilities Well.ere judicious in coming directly to me. thing special occurs. If any .lam. then. Mr. he must think who was just beginning his busi of it as such. another affiiir.&quot. At my age recovery was . took leave of I my : friendly adviser and went to Front&quot.&quot. and when I told him what were served on we had I to expect the poor fellow was greatly depressed. &quot. send at once for me. endeavored to encourage him. force you into an assignment ?&quot. and you w. &quot.72 UNDERCURRENTS arrested. it is quite as smarting under that snaphe has described it. &quot. off?&quot. One thing first you decide not to buy him &quot. Now Plainly. Rollins had been already served. by Gripeall on notes of our firm already protested. and necessary to administer it is personal chastisement. and said : Case is still judgment. had not been long there before declarations&quot. I shall be either here or at I my house. and a disgrace to the merchants of the city that such a creature finds employment.&quot. known they have been up For my part. Norwood smiled as the former &quot. I said this was nothing but valuable experience to him ness life . I have made is my mind the only way to get along with Bulldog if to fight him hard and strong. me one at the suit of Screwtight and Com one pany. Mr. With me it was difficult.&quot. out. Case here looked at his watch and made went a hasty exit.

to the detriment of more honest and indulgent creditors. Late in the evening was I and executed Mr. The course taken by Bulldog was Judge arrest for ingenious. 73 my largest sympathized with me. Bulldog felt assured he this could worry us into payment. Indeed. As for Gripeall and Screwtight. but the warrant once granted we would be forced assign or dispose of any with or with a view to give a preference to intent. assignment. In my . In the afternoon I conferred with some of creditors . they were under Goulding s influence so entirely that application to either would be useless. It is true on the ground I had failed to comply with his such a course would not ultimately be sustained. to give bonds that we would not Could any creditor&quot. and some offered to call on Goulding with the hope to influence him to change his course. EST man met the HYPOCRITE he passed him without sign of recognition. The inter Among they all view was a protracted one. For I was not men as Goulding. Longstreet.OF WALL-STREET. assignment was warrant be served before the actually executed. I never learned the particulars but I know the next time the HON . Thus was forced to dispossess my willing such self of a large estate. Screwtight and one or two others. should receive their entire claim by prosecuting. after providing for a few confidential I was matters. Calcroft he Through his influence with would be able to procure a warrant of me demand. Norwood s office. I divided all among my creditors equally. Gripeall. and it was fruitless. we would never be out of his clutches while any thing remained to plunder. Before I went home that night it we had made finished our assign at ment. these was Mr. property &quot. etc.

so much more this. in we actually perceive any when we experience a loss our power to do and to achieve. : Enough ! there be no more strife. Ten years out of And I was swept back. we learn Wonderful the power of adaptation in man .74 UNDERCURRENTS But I out. I never stopped to contemplate result. I could never begin there again. and I already it.&quot. . to submit. No that was im Once more all ! . There comes diminution of of confidence a time. the first sign of decadence. Gradually pushed from one stand-point to another. to begin the marrow of my life where I had left off ten years before. I Never were those years to come back. to It was many years since the Sabbath thought of the next day as had seemed me so desirable. to endure and to suffer. deavoring to accustom myself to what had now taken While The execution of the assignment was immediate plan ergetically a death-blow to any I for getting into business. thought greatly tempted to leave Goulding the revenge would be an ignoble one. in was en employed attempts to carry through a com It such a promise. often before health or strength. had come. began to devise some method to to make the best of Step by step we become accustomed is what happens. was gone! 1837-1847. possible. . had to repeat my circum stances with ten years less vigor and vitality. frame. a mournful sign this drooping of confidence. So he shared with the rest. appalling than any physical failure of the It was Saturday evening when we accomplished relief that I It was with a sense of one of rest. Before I reached my door I was en place. are tempted to when we let bow the head and say It is &quot.

his gesture. crushed and humiliated. none. and his opin Misfortune still pursues him. former condition was not propitious to a high moral and in tellectual life. to ! and preposterous. and does he . for he will soon leave for home. he stands up and proclaims aloud that it is only in adversity the true powers are developed. ridiculous. and wel . to climate 75 and temperature. In stead of crouching. ions alter accordingly. does he wither into insignificance ? No he adapts himself to his new state. attempting things unnatural ing.OF WALL-STREET. Let the hand be put forth against him. he . wasteful and self-sufficient. is Verily. his walk. Press him down harder and closer until he is in he boldly defies the god positive extremity of this world. to every kind of food and cloth every variety of habit and condition and circum stance. Give him sway. He sees things in a new light. He discovers that his his surroundings. comes what shall come there . Important and he shows it in his look. fall. strange the power of the soul ! . and he is a very lord paramount tyrannizing over his fellows. journer he has tarried here desires averring that only as a sonever claiming a residence. points triumphantly to the next.

father. street to-morrow. Is that it ?&quot. &quot. exclaimed Alice with is &quot.&quot. said Miss Alice. papa. I presume it is on account of a business difficulty I have with her &quot. may exhibit similar caprice in .76 UNDERCURRENTS CHAPTER &quot. after &quot.&quot. me so. How I will cut her !&quot. AN INTERESTING DISCUSSION. You would not laugh. if you knew how intimate we have been. &quot.&quot. Well. I wish I had known before. I laughed. PAPA. you must accustom yourself to this. we had returned from what do you suppose is the mat church in the morning. I was rushing up to catch hold of her. &quot. It will not be Miss Harriet alone who will fail in cordiality. IX. I said. And so that s it what Harriet s friendship worth.&quot. What can it mean ?&quot. It is very probable that t many young misses. and how glad she was to see me when we &quot. because you owe her and tears of vexation stood in her My dear child. She scarcely spoke to me as ter with Harriet Goulding ? we came out. father she treats eyes. but she looked so strange that I hesitated. spirit. came back from Newport. we would have seen who would have been the first I hope I shall meet her face to face in the to put on airs. and she passed on before I recovered myself. whose fathers I don owe.

&quot. the bad in numbers and strength . will be the natural result of our change of circumstances. Alice burst into tears. was interrupted by happy sounds from the next room. They do is not desert us. They proceeded from little Charley and Anna. if We desert them. their friendship . when you cease to do as they Should we move to Philadelphia. partly taken from music which would hardly I listened with a new pleasure. and it is best I should it is talk to you about With s Harriet Goulding feelings . for we love each other and wherever . The good exceed us thank let GOD that they I do.OF WALL-STREET. simply it the exhibition of her father with others. must not be misanthropical. we must not be vexed they do not run in this to But. we should not expect And when morning from our customs and habits and we move away houses. 77 not perhaps so abruptly as Harriet has polite done. be we shall We be sure to find some who are congenial and friendly. nor permit ourselves to be soured by exhibitions of wickedness. and with a gradual diminu civility. be considered sacred. but the time must soon come effect of when you will begin to experience the what has happened it. quite . nothing happy. We we will are. and after us. I am sorry to grieve you . my dear child. to me. &quot. My dear daughter. it to receive visits from our friends here. there sadden or discourage you. who were singing together one of their Sunday-school hymns to a charming air.&quot. You cease to belong to your set do. is not in the natural course of things that we shall con tinue to receive visits from those who remain. but in a tion of more way.

&quot. operatic strains into the church service for &quot. Do Wait want not insult your MAKER with this cast-off performance. I listened. finished. she kissed me putting &quot. We my will all try to make your the tears cares lighter. .&quot. tears were in my eyes. yet never till that day was I impressed by them. Miserable down the room. hypocrite. and no one can rob us of our I pressed love.To as they on my ear : do to others as I would That they should do to me. kind andjgood. but was not a member. he. had never been what is called religious. although I was a con scientious believer in the truths of our sacred religion. Hallo ! stop that ! Be a man. cannot say I had any habit of prayer. while now flowed freely down my face. you . . &quot.&quot. had heard children sing their when they had it. a while till things go smooth with you then. Alice saw but rising. for yourself to-day an exalted religious it is feeling say rather a morbid sentimentality arising from disappointment in business. should the devil monopolize all the good music fell ?&quot. she She hardly understood my emotion her arms around and came. if you .78 IT N D ER C UR BENTS ready to agree with the learned divine who pressed certain said Why. Will make me honest. A sweet solemnity took possession of me and little . do not fear that we shall be unhappy whatever shall befall us. As I children ought to be.&quot. I I hymns suppose my hundreds of times. my neck. &quot. to be pious and good and all that sort of thing. These were the words &quot. I went regular I ly once on Sunday to church. you are claiming . &quot. and said : Dear papa. my daughter to heart. I rose and walked up and I said to myself.

She was perb piece an orphan at this time. many still this is just what HE tells us we may do. EDITOR OF MEMOIRS.-hed WER. I said. displaying a faultless shape. Alice was still in the room regarding me with painful solicitude. in the honest determination to bear what conies with courage and with fortitude. feelings which There.OF WALL-STREET.* The bell rang. threw me back on myself again. with their feelings will not stand the test of returning prosperity. that is work. in the society of your family. That we neglect to support until other sources fail. is no evidence that our feelings are Although it seerns ungracious to seek our MAKER only after every earthly for . set off to best advantage by her dress. The hat was faultless. turn to GOD not sincere. There she stood. of about ten thousand dollars a year with exquisite taste. in the sifting the chaff out of yourself. . were nothing but a phase of low spirits. a daily succession of delights and joys. Presently the servant announced Miss She was a frequent visitor at our house a su of GOD S handiwork in flesh and blood. they forcibly illustrate man s recognition of ft hope has peri. and pre a better serving what wheat remains for the harvest . Doubtless.&quot. which exhibited minute without any painful at tention to detail. just at present. But we have always felt that. PARKINSON unnecessarily severe with himself. rich surface which only the best possible keep ing will produce.&quot. that delicate. . so was the rich camel s-hair shawl which she laid aside after my wife came in. sufficiently depressed by recent events. whether genuine or not. her handsome face exhibiting that fine polish of the skin. * Every possible appliance which the sug- We think Mr. twenty-two years old in possession Stevenson. can have the opportunity. the idea that I regarded as sacred. and both amiable and accomplished. 79 this Shocked by sudden revul sion. than indulging in a sentimental whine over your sins. The world had for her .

and now were evidently contemplation of called up by the immediate caught sight of the my own misfortunes. stopped. friendship by our change of fortune. As I looked at her. all in all. with . I handed her to her car riage. She was sincerely at She did not appear to be affected in her visit. I was recalled to the world the bright world. Miss Stevenson made a long tached to my wife. it I do not suppose it occurred to her as did to me. this girl . a beautiful open barouche. dress. luxurious taste could furnish plied. What a seductive type of it was before me. a coachman in neat livery. with a pose on his box of absolute self-satisfaction complete in every appointment. with well groomed horses. torn hat. no anxious forecast into the morrow. rich comforts and ease in one possessions. amiable young woman any RIGHT to sit in that carriage with half the world suffer ing around her ? and so forth. careless hesitation and cast her eyes in the carriage. perhaps in some degree fascinated. or perhaps in a mood of bold or idle curiosity. but she I have said. All told of wealth. ten or twelve years old. to ask what has made Or this fearful disparity there nothing wrong in between two young people. Is a SYSTEM where such disparity exists ? which makes a good system is it only error in our hearts work badly? Has that charming.80 UNDERCURRENTS was sup s gestions of a refined. These thoughts. Just then a bare-footed girl. no shawl. no cloak or other protection She paused with the November wind. trite and familiar to the philanthropist. When the young lady in the carriage . with no burdening cares. passed by. as on the fine young lady She was not a beggar. had rarely been entertained by me. ragged from.

The Speak to her. was gloomy fif enough. or a birth- . I said. although not absolutely necessary. she exclaimed quickly : speak to that poor child. &quot. Norwood inti result. The fact was. continued Miss Stevenson. but she enjoyed. &quot. are yet continually incurred in every family of competent means. as she &quot. Do if she child&quot. least so we had always considered but Mr. Parkinson. She stopped and looked at me with an independent air. This lady wishes to &quot.&quot. Glynn. I called to the girl. and so did the appropriating of this amount to certain expenditures which. pre belonged to a stranger. or a piece of 4* plate. If a new shawl was to be purchased. 81 bare-footed wretch on the side-walk. suit for foreclosure would be the immediate holder.&quot. Not that my wife I. and see does not want something. We could not pay it.OF WALL-STREET.&quot. Mr. cannot help you. There was nothing more to be done. In the evening my wife and I sat together. &quot. For the mated a grave doubt as to the legal had been in the habit when I was appropriating a certain cisely as if it point. was a prompt The carriage and horses belonged to my wife. for she turned abruptly and proceeded on her way. and endeavored It to take a careful survey of our situation. I in business before. Mr. and Miss Stevenson directed the coachman to drive on. of sum for the rent of the house. I don t want any was the abrupt reply started on. do&quot. at collector. The semi-annual and a interest on the mortgage for teen thousand dollars would be due the following week. really kept a separate purse. know if she help. .poor evidently understood the remark.

as Bulldog was acting for. Now. It seemed as if we had . and was with pleasure . to count on had had no I had a right over so some sort of an attack it from the enemy on the ? following day. And it was one of the petty annoyances consequent on my present establishment. that very year reverse. involved new dress. and only the balance between it and what would be a proper rent for the house. this fund.82 UNDEKCUKRE if NTS like day present made. or the proceeds of as against an uncompromising and active creditor. for example. for first on a smaller scale interest money. denly cessful the change in our prospects from the expected suc I compromise to this untoward step. It under the treasureship of of my wife. or the ordering a some unlooked-for circumstance. that time to decide what was to be done in detail. Avas drawn it was thus made a source I much happiness. that it new should come so soon after this special event. recommended the habit on starting in business again to be sure. the marriage of a friend or some public festivity. What was to be Thinking it much annoyed and irritated me. went to make up this purse. such men. Our had to be deducted the horses and carriage were sold on my first failure. After I resumed business. it was considered doubtful by my counsel if my wife it. Since that period an effective law has been passed by the legislature of the state of New York giving adequate pro tection to the separate property of married women . on. a tardy but most necessary acknowledgment The making of an assignment was forced on us so sud of their rights. could avail herself of this property. chase a my wife laid aside the rent-money to pur Only at the commencement of had she gained the necessary sum.

narrow.&quot. nor of its liberalizing influences. Tell me. Charles. at too fast a rate altogether. commission merchants in the city. The .OF W A L L. as has not been a wasteful or a heedless expenditure. and which a species of littleness in our natures I never could account for. &quot. me. we have not been economical is enough came from the other thread his . and so I told my wife. Charles. would you like to such a man Mr. Besides. I do not like to fast. There Alison now. my dear. such as utter devotion to gain produces. indeed. we have lived too fast. who for side with a petty six is he pays this day but house lives frugally. then. Alison ? Would you wish me to be like his wife? No. fact is. in a querulous tone (as if I had any reason to complain of her !) and I went on in the strain that men are apt to pursue under similar cir is cumstances. I continued. &quot. speak in this way. It is true we have lived generously. lived in a We have not lived too it If we have be measure expensively. agency hundred dollars rent for spool- already one of the heaviest JSJ&quot. 3. &quot. were our household sordid natures.o.S T R K E T . We do not carry about with us cramped-up. there are habits acquired along with the mere labor of accumulation that no wealth can compensate for. and I am glad we have.&quot.&quot.} been extravagant in keeping a carnage and in the order of our household. be honest : tell expenses the cause of your embarrassments ? Had we lived have made any differ ence? No. because you have lived as became a on one half of what did. you have had the advan tage of Mr. we have hear you been going on &quot. we would it gentleman. and you cannot be robbed of what you have If Mr. . Alison enjoyed. Really. and . Alison. replied my wife.

After offers all. for the sake of your means of extricating yourself?&quot. &quot.84 UNDERCURRENTS what has he to look back on that can give ?&quot. fail. him the slightest satisfaction I smiled. wife in the right. absolute pecuniary ruin.I fore &quot. to accept this &quot. a return to active business cessful business your debts. I only ask you to reconsider your decision to carefully reflect be &quot.&quot.&quot. for. and it the insurance on as well as on the house was in her name. I cannot decide. is it not best to propitiate this man ? He on certain conditions. On suc the one side. Another important question was about the furniture in Originally it was purchased by my wife. so that with the power sooner or later to pay all all will fare as well as this man you have family. Charles. unable to repress a grim smile of satisfaction. am inclined to think he considers I expelled it final after the sum mary way him from the library. do not know. . you think I ought to accept his proposition?&quot. asked pardon and then the discussion of our pros pects was resumed. first had be the and his would commenced the first suit. as the old got out of repair. I said. dog furniture at the The was doubtless execution. now to pay. Look at it deliberately. I asked.Do Ought you not. which are not impossible. on the other. pronounced for my my ill-timed remark. to carry out your plans for you. had been changed by substituting and which I had mercy of the Bull first creditor who obtained a judgment against me. and whatever that shall entail . I will not say. you I finally reject his offer. But a large proportion new paid articles. our house.

do with Bulldog ? dear. And thereupon I silently canvassed the matter over again. we silently renewed the pledge made to years before &quot. Only secure Bull an extra thou . a prosperous business. The reverse of the picture a dark. Charles. I permitted to rise before me the pic ture of a happy household. dog s influence with a thousand-dollar fee sand for Goulding that is all. I have decided!&quot. a felony ? ? Could I I live out of the wages of vile iniquities for Would pay a pre vile? highway robbery. I hesitate no longer. Well.for each other at the altar many better. unfathomable blank.My &quot. I to picking of pockets. Thus deciding thus supported in my decision holding my wife s hand. troubles you will enter on to-morrow Was mium not. Be not righteous overmuch why shouldst thou destroy thyself? Think of the sea of !&quot. Such a miserable wretch I is insensible to &quot.&quot. suppose so. friends.OF WALL-STREET. &quot. sub ornation of perjury. You are &quot. did waver. 85 insult. ! !&quot.&quot. I right.&quot. position. I base enough to compound theft. social life all these to be retained. whatever else was low and If what had &quot.&quot. No a thousand times no You have spoken as becomes my husband. for . &quot. &quot.

&quot. when some one was announced as wishing to see me.&quot. where Mr.&quot. with a pleasant expression of countenance.&quot. after breakfast. preparatory to going to the counting-room. I am afraid this is some fresh &quot.&quot.&quot.&quot. &quot.86 UNDERCURRENTS CHAPTER THE ARREST. Bellows was waiting. his The brief time I had to form an opinion of him from . &quot. nice person. in. My &quot. tell me with apprehension. I His As had no acquaintance bearing that appellation. name for he considerately sent it in was Bellows.&quot. wife looked at well.Well. A very pleasant-spoken man. I replied. Charles. I saw a well-dressed man. was the reply . Very him I will see &quot.if it be so. sir . but he said he only wanted to speak with you a minute. the sooner it is met the sooner it will be over. BelloAVS might &quot. I asked the servant what kind of looking individual Mr. trouble. Ask him &quot. w seems a civil. said my wife. I did. My servant was right. WAS in the act of putting on my coat the next morning. not more than twentyfive or thirty years old. who bowed politely as I approached. With that I proceeded to the hall. sir. be. I X. him directly. &quot.

to be assured of my identity. which he presented to me. I could it wont amount much. Evidently he was not in what is called polite society. but he exhibited a peculiar ease of manner which few possess who are not accustomed to as it . &quot. You are &quot. : matter so hard. have some papers here which I wish to hand to you.&quot. I he Thereupon took from the breast-pocket of his coat two documents. myself re-reading this apparently harmless statement of a geographical position.&quot. &quot.&quot. although his errand seemed concluded. Despite every effort to be at all so.OF W ALL-8TEEET. he appeared perfectly at home he stood patiently waiting for me. 55. And I Deputy-Sheriff Bellows politely accompanied me to the cool and self-possessed. I was not looked ner vously over the papers in my hand. Pray don So t take the I thought not do better than follow up this interpretation tell by asking him to service. A deputy-sheriff. Yet. &quot. and could get no further than before I found City and County of New York.&quot. me what was the object of the . &quot. Parkinson?&quot.Mr. It was thus he desired bowed. he showed no signs of leaving. said. library. Walk in for a few moments till I can look at what you have given me. in a tone so bland that a by-stander might have he thought he was inviting me to a wedding. I &quot. &quot. 87 appearance baffled any conjecture. the expression of his countenance I thought I dis if covered a look as he would say to &quot. and in I raised my eyes to the officer.. in short.&quot.

really very kind. nolens vo- lenSj released from his society by order of the proper I inquired. Had he. Bail.Yes. demanded I should go instantly with felt him. he would accommo as far date himself to I my movements destined to be as possible. I will but you will of course want to see your counsel accompany you wherever you wish to go.88 UXDER &quot. Act.&quot. His very civility it. I did when the to take wishing to put me quite told me my time. this matter. And I began to cast about for friends who would under such circumstances be ready.&quot. in it was that I could not stir one step without this any direction. He would accompany That was A odd feeling man. me. while knew he was till my companion. I should not have half so officer. &quot. in a harsh manner. If you have never suddenly found yourself in any emer gency which required the guaranty of two names with yours . and bail must be My duty is to take you at once before Judge Calfirst. a kind of patient actually gave good-nature while I really appreciated me a more forcible idea of the situation I was in than any dis courteous or bluff. strange. very considerate but a queer sensation came over me when I stood there for the first time under ARREST. croft. I don t suppose you if you wish an adjournment. much the force of that warrant as at ease.&quot. You say bail is to be put in ?&quot.will you please explain ?&quot. tribunal. C UKRENT S I said. &quot. &quot. illiberal course he could pursue. have to go before the judge. be ready to go right into an examination. and say what you have to perform It is a warrant under the Still well &quot.You will put in.&quot. .&quot. I repeated to myself. will &quot.Sheriff. &quot. said the officer.

&quot.OF WALL-STKEET. all your acquaintances you would apply to for this Possibly the names will not embrace those with whom to select you are most intimate. I for I was in was greatly embarrassed to decide who to no condition to return the favor and a . would request a counsel. You will be much more apt some old-fashioned. when I was absolutely man who could say. while preparing to form again in regular place. Here was a After considering a time. I could think of no one except my Norwood. on whose to take a just judgment and experience you depend of the necessities of your view own feel requirements. In sharp times I we think fast and much. That morning I think I began. under the control of a Now. Mr. apropos of myself. helter-skelter. &quot. you can rely on go with &quot. ated. to enable 89 free. service of this kind of. world had broken loose and was driven hither and yon. became firmly established. among I other things. while the officer sat waiting. began to change or . am sure I never did before. large proportion of those I called friends were the last I test. I would tell him how I I was a few situ and ask him what I should do. quite faint before. Many of what I considered fixed ideas. as if every thing in the It seemed. Perhaps you to may be you you on a In my ask . to appreciate the sense of the term LIBERTY. found myself taking a new admeasurement of most things under the sun. surprised that on a careful marshalling of friends find so few whom you bond. was but min utes revolving these matters. let ask you to stop a you to walk out of your own house moment and consider whom me in such case among service.You shall not . considerate individual.bail state. melt away like dissolving views others.

their office. Norwood and Mr. fact a full confirmation of Mr. As we walked versation. Norwood and They a suspected nothing. and I learned a good deal from him about Bulldog which the reader is in general sufficiently It was in acquainted with from what I have already said. if don t prove of such doings. he seemed inclined to enter into con sort of thing can t hold.It has been I tried on before.&quot.This along. Bellows for his patience and told him proceeded to the office of I was ready to go. I thanked Mr. I Norwood will advise you to settle. part.90 rest there. Case in Soon I was closeted with the former. My wife was in her own room. Fortunately I found both Mr. I For my ap would like to see the question tested. he said. I bade the children good morning as usual. Before we reached Mr. I never want to find one of his cases in my box. It s a great mistake we care to execute such a process as this. but the parties have always settled. of the situation of my furniture and of my papers.&quot. &quot. even if such control was to be but temporary.&quot. I learned a practical lesson of its sweets. Bel lows manifesting an entire absence of responsibility as soon I exhibited the as he saw me in the hands of my counsel. Norwood s. UNDERCURRENTS you shall come here. although Charley stared at the officer little as we passed out. spoke in due course Bulldog and horses carriage. &quot. my conductor became very communicative. Not and* our although Bulldog brings a great deal of business into office. Case s statements of the act ings and doings of the creature. people think at all . suggested that . and we Case. don t believe Mr. Mr.

so much for that.&quot. reply. replied Mr.&quot.&quot. tion. nodded in return.Not to plaintiff all. at Norwood. &quot. was the Hall. exclaimed he. and in a very short space of time the document was prepared and executed.&quot. Goulding) would first obtain judgment and execu We must block them there. he having been duly notified by the sheriff of our appearance. So we started for the was sitting in I chambers. and I cannot put on the Company schedule . &quot.&quot. There . &quot. 91 is. but in fifteen minutes I will draw a short assign ment to protect any private debts you may have. it &quot. &quot. who was all the while busy writing.OF WALL-STREET. &quot. But if we do not get through. At the same time Bulldog entered. Norwood. and shall insist on going on with the case. He where Judge Calcroft looked half ashamed on seeing me. Now I am &quot.&quot. as you and are ready to submit to an examina said Bulldog. spoke to son.&quot. I suppose. I said. This is s private property. I named several.&quot. me in a loud As he came into the room lie Good morning. (that tion. there is bail to be procured. Mr. &quot. Parkin voice. who only wanted to gain time judgment could be obtained. dinary bond &quot.&quot. said Norwood. for had a slight acquaintance with him. as if nothing disagreeable I scarcely had ever occurred between us. and mean- . We controvert under oath. Mr. shall see presently.&quot. at leisure this morning. The devil till you his are. I will take care of all that. &quot. you wish to enter into the or and take an adjournment. &quot. &quot.&quot.

I said I Hand him five dollars. Bulldog was furious. and the case was dismissed.just con tinued my counsel. and I may as well observe here that I heard no more of it. Bulldog. sheriff Norwood asked had not. aided by the countenance of Calcroft. but he could not help himself. my we &quot. my Are you aware. &quot. Going out together. not to make any sir. to put in by order of the court. examination will take up more than one or two. me &quot. clients made an assignment on Saturday. as he thanked me. however.92 while have UNDERCURRENTS me bound &quot. and are ready to proceed. until the Judge said he could sit no longer. failed to appear at the adjourned day. carrying the day by his per severance. remarking. As we were leaving the court-room Mr. or even three sessions &quot. by subjecting me to a long. Bulldog. seeing we were deter mined to meet him boldly. that this property. however. I was forced. ?&quot. He consoled himself. who The it was too evident was in a degree under his influence. the required bond. &quot.&quot. he continued. in one sense. and Bulldog had thus the satisfaction of. Mr. and the matter must of course be postponed therefore. thanking the oificer at the for his politeness.&quot. if I had given the any thing. late . interrupted Norwood. swear to that before the judge. quite as a matter of course. that if they .&quot. and finding also that he was too late to throw any obstacle in the way of an assignment. I took occasion to follow his suggestion.&quot. Bellows took the money without the least hesitation.&quot. he same time whispered. and what seemed a very impertinent examination. affair was thus concluded. disposition of &quot. you are too Now.

The sheriff s deputies in tho city of New York are generally civil and obliging in the discharge of their duty. and got a glimpse of both sides of the legal profession orable. and so we separated. He can neither buy nor sell. in this crisis. is a very natural one. one very hon have been thus minute because it is in chronicling these circumstan my design to record just to destroy how. We have known several in has been offered a handsome fee to induce him to arrest a defendant at an unseasonable hour and hurry him to Eldridge-strcet. possible for and support a family that they whom they were required to ar those endeavored to treat them rest with as much courtesy as possible. His name is not worth the paper is it is He written on.OF WALL-STREET. bad man was enabled my plans and cast in its a blight on frequent. is forgotten. members a few questions are asked. active my The &quot. It idle to attempt to S make an advantageous purchase. prominent actor among them. but not within our observation. prospects. He. which waa peremptorily refused. (the officers) 93 it were confined to live to their legal fees would be im . first Six * Mr. consistent with pru dence . stances where an officer . He knows it. I ces. is not improper. a sympathetic uttered. and he feels it. and the current sweeps left ejaculation of poor fellow&quot. But the one high and dry does Wistfully he looks after his comrades. from which he is is debarred. who are energetically pursuing their various avocations. cannot perform a single business transaction requiring the use and possession of property. a selfish. so lately a now absolutely powerless. EDITOR OF MEMOIRS. Examples like mine are not business world suddenly misses one of . Cases to the contrary may have occurred. one very base. &quot.* sheriff s Thus I acquired some also practi cal insight into the department. and of his intercourse with him. PARKINSON account of his introduction to Deputy-Sheriff BELLOWS. and the openly receiving of a gratuity for time spent in accommodating a party under arrest. by and he not forget. in visiting counsel and finding friends.

finds none. and shall more of them. hon they are apt to take the little and let with as time. When convinced the debtor first offer. to his position. and much energy they destroy all. He has a will and a hope. Shaver have arrested me. months to him. push the wish I I knew some method of reaching these people. When him It is a man is down he should be helped to rise.94 UNDERCURRENTS credit. or unfortunate debtor into inevitable bankruptcy. Even now I can scarcely restrain the expression of a solemn curse w hich r rises to my lips when I think of Goulding Goulding. But there are. and sharper and unscrupulous as he is. est. Oilnut would not He would manage to secure payment in . who manage by I one plan or another to secure payment in full. riot Oilnut. refuse to release him. return to the world.&quot. most of them do fail themselves eventually. him go on at the same good many such men as Goulding.light. and so save him. There is but one when an individual carit pay his debts.&quot. but a portion grow fat on what they thus wring from the unfor tunate and despairing. or some one or They They hold him enslaved. cash on delivery . He turns in every direction to find some gleam of . and he dare not even at that take the smallest article in his own name. and that him and let for his creditors to release him go to work. a delay as possible. He has a family Avho depend on him these are beggared. that as a class they are indulgent and liberal toward those who is are forced to suspend. the loss of this true course is And the world is impoverished to the extent of man s labor and industry. but just to the merchants of New York to say. means &quot. As have remarked. . declare that he remain in bondage. And why ? Because his creditors.

No armor of reason or philosophy is proof against it. Every room hallowed by some happy association. and I had reproached her expenditures. managed to drive off the thick black brood. and oh ! the agony which dur silent watches held possession of rise. suffering which compares with this no trouble. no pain. nor with legal violence. and horses and carriage. ing broke. Here was the commencement of the break-up. to look this state of things in the face. and Gripeall and the assignee would be forced to act. 95 but not brutally. As I attempted . Long afterward. I would ing its wake . The born there. our house left to Sell our furniture! Leave my wife s house purchased with the money her by her father to insure her a home independent that I of the vicissitudes of business. Screwtight and Company. The reader must therefore have patience while I go still more into the detail of my misfortunes. For in a few days there would be obtained three judgments against me in favor of Bulldog. but for which legally she was not protected. Was there no help for this ? Was it really to be? relief Perhaps I was only dreaming. and I hastened to I me until know of no the morn species of no affliction. showing It will how gradually I was be seen that by the action of Bulldog I was compelled to make an assignment of the household furniture. after a short and unrefresh- ing slumber. which really belonged to forced down. W ALL-STKEET.OF full. when I . my wife. but at night. At the last moment would come from some During the day I quarter. There is no resisting it. Wretch was to take for our her money and all lose it . a sense of horror would sometimes overpower me. children Nearly seventeen years in that house. relief would come. Yes.

was denied to me. and in place I encoun fail tered those dark fancies of the night which few will to recognize who have had their season of calamitous re verses. to me. and Now this &quot. its had descended to GOD chief was merciful nourisher&quot. .90 UNDEK. I could sleep.CUBBENTS my position of chronic misfortune.

YORK. Rollins had been em ployed my ments were duly entered against me in the three suits I have already mentioned. On the first for his semi-annual interest. December 3. Mr. CHARLES E. Affairs went on in the world s old routine. : DEAR SIR : I have your note of yesterday. MR. winding up as fast as he could what had been placed at in his hands. I shall ment of your business mortgage 5 tion to your wife or yourself for interest postpone any applica on your bond and for fifteen thousand dollars until the first day of . quite irrespective of my situation. The law at that time (it has since been suggestion to aid him. and in reply would state.OF WALL-STREET. : answer the follo\ving NEW &quot. AN AGREEABLE DISAPPOINTMENT. 1841. Glynn sent as usual I wrote him a note stating my situation and saying that my wife intended to dispose of her I received hi house. that. 9*7 CHAPTER DAT signee after XI. day of December. PARKINSON &quot. and asking of him some indulgence. day ran by. In December judg changed) provided for a delay of thirty days before execu tion could be issued a short respite for which I felt thank ful. considering the unexpected disarrange affairs. Our as was quietly at work.

Well. unless you should &quot. Here was another pleasant disappointment. so. except it is put in a business form. and I our mind in making the Mr. Norwood was consulted wife s about the furniture.98 U N D E 11 C UKKENT earlier S June next. a relief blessings on Mr. &quot. But this man. Glynn For from the sur the sale of it would which produce above the mort plus gage. and. stood. We expected to ! ! What be able to dispose of since property in it for twenty-five thousand dollars . And so these per sons become sharp and strict. GLYNN.&quot. first He was my trustee. and made subject to business penalties. have disposed of the E. from friend. they show a y- conscientious feeling at the bottom. proved him to be also considerate sets a totally life The world frequently wrong esti mate on such men. was looked on as a close. They may have begun soft-hearted enough. substantial. Broadway was fast increasing in and on and adjoining the spot where our house once stores are erected value. and apparently uncompromis ing . prompt and exacting. here was ample time for us to dispose of the house. to began do should we succeed to letter. is made to them. when. let me to last our firm. property. undeviating My assignment of furniture embraced only certain . P. worth almost a fabulous price. say here. was our only hope for the present. Your obedient servant. Glynn And and he was just. should a proper occasion present. severe Mr. but after a while experience teaches them that in money matters they cannot rely on one promise out of ten which. I breathed with a lighter heart after receiving that now to calculate what was best sale.

since valuable articles which I had myself purchased . want of a neat turn-out.OF WALL - S T BEET . as Mr. In this way. 99 and. This was my my friend s explanation. and doubtless carried on with vigor. secure before execution should issue. Norwood just then in sold to a client fair price . and at a and he afterward sold most of the furniture mentioned in assignment to an acquaintance. . as I have said. who after the sale per mitted us the use of it for the present. and I trusted the whole matter to him. work to make all Our carnage and horses Mr. we should be careful to leave no So he went to loophole for the enemy. Those judg ments coming nearer and nearer to execution. we had determined to fight Bulldog and his crew. when the war would be commenced. Norwood well remarked. the days ran by.

Florence It is ? tis a scrap from my ? college days. THE HOLIDAYS. its My &quot. : &quot. courage was getting back to shall normal condition. be a Christmas-party for the children and a Christmas-tree. new con I led but with hope and resolution. joyously.&quot. wife shuddered slightly. Christmas with its spark ling frosts. Seventeen years old years Munich here. My it. and saw history and depart. Brave gone. we look toward our Come. round of pleasant and interchange of gifts and happy congratula This was to be our last Christmas in the old home. and my we wife into our parlors and planned how it should be as walked up and down. it How should be spent ? In sackcloth and ashes . sealed up for the judgment. yet I perceived . we will illustrate that. and open house on New. or bravely. &quot. we will close and then May. HODIE mihi Cras tibi. very I looked in her face slightly.100 UNDERCURRENTS CHAPTER CHRISTMAS was approaching ! XII. the carpe diem of the philosopher. at You remember that painting in the Gallery Well. Neither There sullenly nor sorrowfully will dition.&quot. its visiting tions. in this we its will remain house till GOD willing. Do you understand me.Year s. its cheerful merry-making. as of yore ? I declared for the latter.

and I did not . that there could be no recognition between us.OF W A L L-S T R E E T.ol. And with entire success. nodded &quot. I did not notice him. The accustomed were received. and I was glad of . . The was and the day fine. she began to rally she assented with alacrity to what I set to proposed. declaring that on that day . At the house of a mutual acquaintance I seemed disposed to bow recovered in time. He fell on him but he eyes . warned by a look. eh ?&quot. Two or three invitations we accepted our and so long as the gay world perceived no difference it. and I made the ordinary round of calls. we must forget any misunderstanding never nursed my wrath against the I smiled in spite of myself. past each other. the tree loaded as usual. full of contempt. coming out of another house I was seized Oddly enough. stopped by Oilnut. &amp. S afbji. In one spirits of every body elastic. exclaiming : Going as it while you re young. the children party was fully attended. my met Goulding.out his . and in his softest manner asked who how we all little were. of the streets I encountered brushed closely Bulldog. that.. enduring not enjoy ing but the children did not know it. selves in us. for I had man for actino. and we both work to carry out the prepa ration for those holidays. we discovered none in Only I noticed (no one else could) that my wife went through all this as some appointed task. her I notico^-her . my cheerful plan. We familiarly. that she did not enter into nothing. s The Christmas presents were purchased. tell 101 l^ut she said ^ijioti. however.. my hand. New Year s New Year s of ! It passed with us to all appearance as the visits the previous year.

day of the year was over. grew composed. it would come. Putting both her hands around my neck. all this first received . on one of the sofas. My fire. of Then she it raised her face. and with much she said : There it. and even the now had made ready to meet gloomy prospects of the FUTURE. I stood before the scene. while the gas burnt brightly through the fine parlors. as a mother strains to her breast in a last embrace a child embarking on some returnless journey. she sobbed Gradually she one broken-hearted for many minutes. Miss Alice gone to still her room. now. and I could not help I feel well us. I knew but too well that. looking around on the wife came toward me from the further end of the apartments. ! it is over . and burst into tears. so she with all the sorrow and anguish of a lost love. . had taken leave of the dear and happy and unreturning past. I knew but delicate chord which encircles united hearts.&quot. leaning her head on like my shoulder. There was no need of words between gle of the spirit she In that strug s was not unconscious of her husband Any assurance of it would have jarred that sympathy. over the debris of the entertainment that strewed the tables. she pressed effort convulsively against her heart. made no remark. too well what she had passed through in that brief quarter of an hour. Without a word I placed her gently beside me. and we both passed When paid. and I UXBEK C URR E NTS swered was thinking of the ridiculous way he an me when I lust left his office. Charles.102 nature. So I laughed. and taking one my hands. she looked an instant in my face. the visits all the children in bed. where. &quot. but on.

I was not long. as trustee for my wife for many years. &quot. Mr. and begged to speak to private. think ing you might be able to arrange I explained to him that a portion of that furniture had been held by Mr. when a person entered whose face was familiar. I it had fallen by the rule of rotation his must be aware he was forced to do duty. to which reasonable statement I assented without remark. weeks afterward I sat in the counting-room. Bellows had approached. and that the remainder did not belong to me. first &quot. where he exhibited what he called an execution. continued he. to levy on the furniture in your house. was again to be placed in duress by that amiable Before I had time to speculate on the subject. and that he would certainly run a great risk in attempting to hold the property. &quot. I came to acquaint it. me in We withdrew to a corner of the room. and examining various accounts. and told me that although he regretted into his hands. looking over various papers. in I recalling the features of Deputy-Sheriff Bellows.&quot. I am directed. but when or where I had before seen it I could not remember.&quot.&quot. won dered if I official. no my counting-room. however. 103 CHAPTER Two longer XIII. you of this.OF WALL-STREET. . Norwood. SIMPKINS.

whether dressed shabbily or gentleman. fit.&quot. he looked nevertheless like a man who his had a painful duty to perform. Norwood. house. UNDEKCUK BENTS forbid no. my making a levy. his eyes neither raised nor depressed. but a part of our business. we shall require to be indemnified before we proceed I further. as I so . as I advanced once more to greet his leader or companion.104 &quot. I will on Mr. but the sheriff has been Wouldn t act till he had a perfectly fire-proof to. No use saying any thing about I It s disagreeable. . whether he was an it T a man whom would puzzle any determine whether he idiot or a philosopher.&quot.You &quot. with the fact that is not my property you will levy &quot. and was beginning to congratulate myself on the easy disposition of the matter. He kept a step like a in the rear of the sheriff. suppose he can. he came to our by body to describe. Oh ! You must do you see it I only acquaint you distinctly on. but with an utter absence of expression directed toward an imaginary point at the extreme end of the hall. Thereupon Mr. and if he makes the matter clear. saw nothing more of him for a week. Deputy-Sheriff Bellows looked concerned and distressed when he saw me to . Parkinson. Bellows took leave of me. indemnified. It was difficult to was tw enty-five or fifty-five years old. accompanied just after breakfast. when one morning. and had made up go through with &quot. mind sorry.&quot. then he was forced it.Very it.Just call and I meant as much by my question. as the case might be. whether knave or saint. He did not turn to the right or left. it s bond. I as presume?&quot. am obliged to remove this property or put a man in charge. Mr.

you understand. Simpkins. and. sit a while. to Norwood. when the servant appeared at my summons. Not (turning toward this strange specimen). &quot. glanced as he said this to the mysterious personage who while shifting his position a sort of panto Here&quot. but kept his eyes at the However.OF WALL. he said. my anxiety on that head.&quot. and followed him below. you can 1 Simpkins again shifted a favorite point. The for.STREET. was forced 5* to wait two hours before he came in. answered Simpkins. and I started off rapidly for Mr. Simpkins fell into single n le. if every direction. Parkinson. said he. imaginary roll-call never took his eyes from the supposed object far off at the lower s to the sheriff end of the hall. here?&quot. He mime 105 near him. say. officer doubtless appreciated &quot. Bellows came to my relief.&quot. A pain shot through my I heart. you will allow the man to step down stairs and get something to eat. we I left not at the moment How feared lest my wife or some of the children would open the door of the parlor and learn what was going on.&quot.&quot. you have not been to breakfast. leg. I dare &quot. Very Perhaps. &quot. I Norwood s office. considering a moment. &quot. &quot. To be turned ! out of doors with no warning of fatal the coming blow I saw the red flag of the auctioneer in . A cold sweat stood on my forehead. Mr. Simpkins. while the deputy bade me good morning. &quot. beheld the furniture carted off homeless. Better go at once and see Mr. Mr. yet&quot. &quot.What s be done meanwhile with your friend I asked. well. and houseless. . till relieved.

perambulate the house from cellar to garret? Would he \vife explain to the servants? Should he encounter he explain to her short.&quot. cow knave and without one redeeming quality. a piece of base humanity that Goulding must be &quot. con in charge&quot. or on his peregrinations. and fight these fellows. or perhaps. Mr. undisguised bravo. He was much annoyed for the moment. it. said &quot.&quot. and I hastened to give him an account of what had transpired. singular as speculating as to the fasting to his well). Bulldog. Bulldog !&quot. ardly hypocrite. he is infinitely less degraded than his employer. &quot. counsel. . seems. You can go to your business without further solicitude. who tells Bulldog is an you what he means to do. would he frighten the children ? In what would he what might he not do ? So curiously does the mind run on trifling incidents while under some severe and painful process. and tries openly to accomplish stepped to the other room. : I per ceive we must What &quot. or would he think proper to mount to the parlors. open. Coming out he said We will &quot. Norwood arrived.100 UNDERCURRENTS it Meantime. why. impatiently exclaimed my &quot. what would Simpkins understand his duty to be. : take care of this matter. After break mind (for I had told the servant to feed him &quot. Norwood checked himself in his severe harangue.&quot. and was closeted for half an hour with his partner. I was chiefly employed in movements of Simpkins. of every thing in the sidering that he was ? house Would he be content to sit quietly in the base ment. like a sentinel on duty. But he soon recovered. ? my Would do. I interrupted. Goulding is a covert. At last Mr.

&quot. Shall be tf^-charged. 107 But that person &quot. The er. in &quot. had taken Mr.writ commanding the proper officer to cause said &quot. One of these by Mr.OF WALL. Simpkins. Glynn and the friendship of in * my Money for daily expenses began to be necessary. A very great relief this fruits of but now I my recent misfortunes. nuisance. much after the manner of a . which is brought to recover the possession of any goods or chat have been wrongfully taken. I learned afterward that two separate suits of replevin were commenced against the sheriff and Bulldog jointly. SIMI KINS in charge. Norwood. Xorwood himself procured the necessary bondsmen. let me assure he continued seriously. &quot. which he permitted us the use of. We will &quot.. to bo delivered to him without delay. Bellows having called. whom half expected his departure.&quot. as my wife s trustee the . speedily. having taken actual possession of the furniture in the house by putting it was necessary to resort to this action to recover it for the own EDITOR OF MEMOIRS. other by the gentleman who had purchased and paid for a part of the furniture. with a smile. Good morning.* When I went home to dinner the coast was I clear . &quot. the household were raised The action of replevin shall Questions of curtailment of dismissing some of the &quot. and in short acted the part of friend as well as counsel in every particular.goods and chattels&quot. is entitled to a &quot. Your house shall be relieved of the give not another Attend to your affairs as usual. thought to this.&quot. Mr. it. tels&quot. The plaintiff in such notion. on giving the required security according to the statute. and that see to said Norwood you. We begun to taste the were retaining a pre carious foothold in our house by the forbearance of Mr. sheriff .:. counsel. Simpkins had followed him away well-trained dog. to encounter near the hall-door.STREET. charge ? I asked. that extraordinary personage.

then of giving entertainments. Yes. and to scrutinize the the grocer and market-man. and for its full did forget the house. . for the moment I did forget. the small funds which I had thus far provided from private sources beginning already ominously to diminish. [Hope Energy ho\v often how often it is renewed by these !] I addressed myself to the important subject of occupation for the future. the real- me the property can readily be sold value. girding on the the heart sinks. looking as side. we com how much bills each servant cost per month. which included the visits. and if of attending. important point of making attending parties.108 servants UNDERCURRENTS of economy in our wardrobe. For the sake my wife thought . and armor again. from which there was no escape. where to lodge them ? Oh you forget &quot. were. in truth. of our children. we is sometimes do entirely on the dark prospect there. menced to count. No more I to visions of the wolf: he was domesticated fierce. to on allow ance / the enemy besieging plies ? Whence were not come sup In verity. I Delaine.&quot. Well. sullen what was do f how clothe them. it worth a struggle to re little tain our place in society but after a reflection as she saw how impossible were by a cruel this would be. ! the handsome surplus your wife will have on the sale of the house. I estate auctioneer. within doors: hungry. a sure prospect. How keep alive my wife and children. tells in the spring. there a may say. Embarrassed we litigation. of We us. as we never before had done. ! ! So. gnawing.

really without that I comprehending import. few days after. a XIV.right. I perceived my it was my &quot. di- had I to fear ? Much.OF WALL-STREET. impression was. Sale. on Saturday. FRESH COMPLICATIONS. was gone the very ground we stood on swept away. considering who was . In cil-lines drawn around it. PARKIXSOX. What. and which. had received so many shocks. 1847. title or interest. of. &quot. the advertisement Here came a description of our house. therefore. at twelve o clock. then the creditor would take nothing by his motion. By virtue of three several writs of execution to me directed and de livered. title and interest&quot. 109 CHAPTER SOMEBODY sent ine.&quot. and in such rapid succession. and at the end of was the signature of the sheriff. of course. all its The first that absolutely On that nervous system was affected by them. %riffs &quot. If I had no &quot.&quot. in and to the following described piece or parcel of property. which he had on the twentieth day of December. looking through the advertisement again. the twenty-third day March next. all the right. title and interest of CHARLES E. to The blood rushed fully my brain as I read it. in the city York. a copy of the New it was an advertisement with pen It ran as follows : York Evening Post. or any time there after. which was to be sold. any creditor had the power to sell under execution. noon. I will of of New expose to sale at the vestibule of the City Hall.right.

it was only in in the throat. hacking cough frequently said. from which she had quite recovered. becoming so. fortune by dealing in &quot. is or the sale prevented. It was easy to make the easy for the party to purchase certificate&quot. and had retired. within a few days had. She I For. and was making investments I put the It in city prop seemed as if newspaper aside as my wife entered the room. That was all.prints only.&quot. I was ready to believe for. when not It in conversation. He hoped to sell to James. when making a perma Even to-day. Delaine asked me the papers were all straight with respect to my wife s house. The sound ear. my interest.UN DERC UK KENTS recting this crusade against me. sometimes. and take a sheriff s to that effect. That was These fellows know how sensitive capital how if cautious men are as to title nent investment in real estate. It is a blessing. there should appear a cloud on the and then a certain sum forced out of us for removing clearly the plan. a care-worn. weary fell look. who had realized a large erty. I was slow in acknowledging it had perceived that my wife s countenance ex hibited a degree of pallor which it never bore before. the house. this. we should be thankful Even delay The goodness of GOD permits us to be blind sometimes. of a sharp. the commission-merchant. . that we may not discern too closely the future. not to be clear-sighted. &quot. to a severe cold on my was owing. it. she taken some time since. new move to myself of our adversary. except this occasional tickling in the throat. so sell that on my wife s attempting to title. it would be cruel to acquaint her with this. easy to record this. really. sale.

I will bless so. HONV the children wife. driving lines educate the young people.*] . MS. I did feel sufficiently anxious about Ill my to wife sufficiently observing of her languid appearance with hold the advertisement which I had just read. their cares and troubles The known. scampering up and down. failure. rich with encourage ment and hope in reply. Good-by. I must ure playing over the house. [Somebody not in debt. somebody says extreme bodily pain. Are visions far less happy than thy own. and world sweep on. I dared not take my travel it alone. the pomp of state. perhaps for it was a relief to tell her a relief to hear her pleasant. Even Alice does not appear she is to be any the less happy. My habit . that I had omitted to mention to her any special subject of annoyance. pride of wealth. to that close confidence companion with me. occupation charming evenings revive the Books I will ah ! I have not looked often enough into my library. my which permitted me to recount to you even matters the most harassing. if I really almost a young lady grown. Why have they to do with fortune. Even nor in joy. Stripped of their mask. However. memory let of college years. debt and embarrassment ? not ? What difficulties. help to the noisy. Here the road grew more difficult.Ambition s lofty views. the first This was instance since my . And I repeated to myself some which were part of a favorite poem : &quot. reverse of is Their time not yet. and Well. why. loving voice. can to manage live is a to live . busy. the splendors of the great. home. PARKIXSOX in the original * Interlined by Mr. But there was a stop to it now. brush up my classics. .OF WALL-STREET. GOD for that. was a selfish one. a steady at A nice little house.

How satisfactory. I bound I r to sustain. and another for the me of to position and wealth. elastic health which so We Were have to encounter the inevitable nature of things. suddenly to introduce the wand all of the magician. while is she no longer enjoyed that firm. In this manner I endeavored to reconcile myself to what I saw must come.cases brought against me. place the younger children on the same charming road. and by no means which the writer of a novel generally feels I fear. bring again the bloom of health to the check my of of my life. was gradually giving way under these repeated necessary to enable us to cope with misfortune. I was not only cheerful. one wave of which wave restore should demolish my enemies. indeed. and the utter discomfiture of Goulding. and recreate for us all the hoped-for happiness Thus illustrating those pleasing. as in the old fiction. to go into any further minutiae of my litigation with . difficult theories. provide happy marriage daughter. but I did much to raise my wife s courage. I inditing a romance.112 TJND E RCTJKRENTS In this manner I endeavored to get rid of the unhappy im pressions produced by the sheriff s advertisement. wife. and niake the most out of a new situation. have no such task before me. And with success. How easy to give the pleasing particulars of the defeat of Bulldog in the several harassing &quot. Screwtight and Gripeall. which I perceived (she did not) trials. how agreeable it would be to record the triumph of honest dealing over trickery and fraud. the reader with have to w eary Not what will almost seem a repetition of untoward circumstances.

he said. determined that the man who had caused my reward from it. They hide themselves in misery away from their former intimates they are oppressed with recollections of assistance. The poor and are entitled to commiseration. in one way and another. financial ruin should not reap vigorously resisted every fresh attack. At last I found the only course was to call on Mr. Meantime I began to make preparations for quitting our &quot. I will observe that. For the creature maintained a perpetual round of perplexing tions. The advertisement attempting to . of the house by the sheriff soon attracted the notice of the real-estate auctioneer. it kept me busy etc. nearly all the time. and my hopes of a sale were daily diminished. attending to it got to be with me a special occupation. Then the report was de was busily fective : circulated that the title to the property it thus acquired a bad name. 113 Bulldog.. and request him to foreclose his mort gage.OF WALL. and greatly damped his energy of action for James. . even to an extreme point. mo any and examinations. and sympathy but the reduced rich require much the larger share. . We resolved to go far up town..STREET. etc. Glynn. was not willing. with the aid of my counsel generally baffled the foe. the who was sell it for us. In fact. after a while.even my victories: how de structive the contest to all my one hopes. Economy was the great object. who was thinking seriously of making the purchase. where a small house could be rented for a moderate sum. home on the first day of May. to take it. was any dispute about it.&quot. But how dreadfully damaging were. while I. and thus put every question at rest. if there He did not wish to contract for a law-suit.

me had gone to lie down. divorced from their circumstances. I I found a small dwelling which us. she was not in the parlor. the daughters portionless. overtaken by destiny toil . to be deprived of them. not feel With some trepidation I hastened to her room.H4 UNDERCURRENTS . past happiness. intending to ask my wife to go with me to see it. In one of my excursions house-hunting. and to exist without aim . Ah reserve some por ! tion of your sympathy for the reduced rich. thought would suffice for The rent was three hundred and fifty dollars. that mamma. with constitutions adapted by long use to comfortable modes of life and easy living. and the neighborhood not disagreeable. to be obliged to live in a manner the most meagre . and Alice told ing well. without with settled habits of lux ury. When I arrived. . and plunged into the opposite extreme. and with apprehensions of the future the children withdrawn from school. With a considerable de gree of satisfaction I proceeded homeward. compelled to hope. yet unfitted to earn for themselves . early in April.





THAT sudden awakening to the


that instantaneous

under our notice perception of what has long been directly unrevealed the veil lifted the sight quickened, and lo we

stand aghast with terror at the discovery.



of a great

we can bear no more when under the weight calamity but we can bear more always while we




our consolation that the weary are at


we can always bear more, but

we might

not be able to

sustain too great a load of anticipated trouble.


I conclude this occasional dullness of vision, this absence of

apprehension, to be a wise and beneficent provision of



But the time comes.

We pass rapidly through

the struggle, and then accept the fresh burden. 31 y wife wr as lying on the bed when I entered the room.

approached her. Charles, I do not

feel as

w ell




w as enough.


saw what



For now regarding her with solicitude, I had not perceived before, that she

was much changed.
said her side

Her cough sounded sepulchral. She pained her so much she was forced to lie


I sat

on the side of the bed and took her hand with
her face.

mine and gazed

w as

the most unhappy



.moment of


aw my emotion and
she exclaimed.



not look so



only a

fresh cold I took last evening

otherwise I


perfectly well.

which gives me this pain Now, pray do not be fool

ishly anxious I rallied,


I left

you will make me imagine myself and attempted to speak cheerfully but pres the room and sent for Dr. Chad wick, our family


tack of pleurisy.

He came promptly, He did not

and said


was a

slight at

appear alarmed,



usual prescriptions and went away.

The next day she was and soon she was able to leave her room and come

to the table as usual.



was aroused.




wife with an anxiety that I cannot describe.

saw that her cough grew more harassing, that her strength was diminishing. I recalled the fact that her mother died
of consumption, and one of her sisters







health had been excellent, and she had never ex

hibited the least tendency to this insidious malady.


had brought on weariness of the entered by the weakest side.


and the enemy had

began to pray earnestly. and on my knees implore



away by


only her

Strip us of


GOD to we had


my wife

s life

leave us utterly des

titute, but take her not away.

Merciful FATHER, take her


away from



failure, the

subsequent misfortunes,

the vexations and miseries which followed, what were these

now ? Give us the most humble home let me live and earn her support by day
Is this

the meanest abode;
labor, but let her live



be added to what has come on
yes, agonizing in prayer to

me ? And

I strove, agonizing




was of no


not the slightest.

I called

on our


and I a good man, a good, pious man, I believe I know him to for the wife. of begged pray my recovery he did do so sincerely and earnestly, for he was impressed


with the desperate energy of



It did not serve

any purpose. ant day, and she did not

Florence was worse each succeeding unpleas


in the sunshine.

I felt


as if

GOD had



out to vent

His vengeance


did he not practise on that hypo

Goulding ?

on Goulding, who,


wife died, would


really her murderer.


in a horrible state of



I shudder

now when

I look

back to

In this


the season advanced into the

month of


was doing every thing



my power day of May. On that day we were to leave our house the one I had rented I had endeavored to up-town."
to prepare for the

conceal from


wife that I entertained any apprehension

with regard to her health.

The physician was always
without utterance.

essayed once or twice to ask him his opinion,

but the words died on
terness of feeling



My bit
I think


no degree softened, indeed

increased daily.

had discontinued


prayers since I

saw they were not to be answered. I felt as if I did not care what GOD did with me, now that the gates of death were to close on Florence, for she seemed, since she became

weak and

delicate, to

be the young

girl I

had wooed


our native village


years before.


tender and a

youthful expression overspread her features.
her, I


Looking at And would ask myself: Is this the promised end would go aside, not to pray, but to shed tears of anguish


which hardened


heart instead of relieving


and led


to feel that I

All the while I
to do

was ready to curse GOD and attended to whatever was necessary forme

to wit, the various suits of Bulldog, occasional


ings with our assignee, and consultations with Mr. Glynn as
to the foreclosure of the premises to induce

we lived





to purchase the house; but this he declined to

do, not wishing

more property

in real estate.



ed, however, to permit the house to be rented for one year,

without interference on the part of the purchaser under the mortgage, and would also accommodate me as to the time
of sale and in any other matter which should not impair the



pute as to title

would be removed,

under the mortgage, all possible dis since a deed on the fore

would dispose of any question under the sheriff s at the same time, since the buyer would sale by Bulldog know that the property must come to the hammer, he would

not be likely to arrange in advance for


purchase at a


certain, preferring to attend the sale

and bid for

said I attended to


necessary business.

I did so

mechanically, without the slightest interest in the work.


said mechanically, yet with that species of energy which in
difference to whatever

may happen

always produces


with a

singular forecast and shrewdness too, begotten of the same
I Avas moody, it is true, and at times harsh, but I cause. had no more perturbations. The appearance of the sheriff

with a dozen warrants of arrest, or the placing of a dozen
keepers inside


house (except


might come to the knowl

edge of Florence) would not have stirred my blood to an extra pulsation. I took a species of grim delight in encoun-




tering Bulldog and sternly looking

him out of countenance.



was not lacking in knowledge of human nature. perceived I was at bay, and he wisely took care not to

expose himself unnecessarily. He kept on, nevertheless, with the steady prosecution of his various suits and counterbut he no longer attempted any personal annoyance. I believe I have stated that Goulding was an elder in the


we were

in the habit of attending.


directly in front of his.

Latterly I

Indeed our pew was careful to be

church regularly, that I might, as opportunity occurred,

catch his eye and disturb him by


contemptuous expres

would sometimes take pains to stop as we were the church and speak to a mutual acquaintance with leaving whom Goulding was already conversing, and enjoy his re








saw him going

into the


to attend the



I followed



Thursday evening prayer-meet and took a seat beside him a

front-seat, such as

he loved to

Presently he was called

go on in his usual glib and unctuous manner, thanking the LOUD for all His mer cies, and following with a recital of a fearful catalogue of
to lead in prayer.


attempted to


of which he claimed to be guilty (had he been accused

of committing the least in the

he would have resented


fierce indignation),

and triumphantly vindicating

right to be

esteemed before


as the chief of sin

I perceived,

however, that Goulding was considera

bly embarrassed by my presence. It was evident that while he was praying, some peculiar magnetic relation was spring

ing up between him and the


seated next to him


Ho was



in his

counting-room dictating terms



which should cause no matter what amount of


sorrow, but in the house of GOD, where his role was to be
sanctimonious, exhibiting the calm serenity of a Christian
character: dear, wise, good Mr. Goulding.


to have


man he was own

so wickedly persecuting, and


he was

resolved to destroy, present at an exhibition intended for

peculiar audience


not only present, but evidently


special design, in close



a critic on his words

and sentences, an utter disbeliever had the effect, as I have said, to
Goulding and me a magnetic

in their sincerity



between Mr.



in so doing, dis

placed his relations with the listening saints around the

Goulding knew I was saying to him







devourest widows houses, and for a pre

tence makestlong


stammered, he became con



he prayed that

Satan might continue to have do

minion over



might have our portion


the lake which burneth with everlasting

The audi

began to prick though solemnly composed heads their elder, their toward a few turned ears up their who was evidently wrestling in prayer and apparently getting

to worship,

Goulding became more and more con fused, plunged from one bog to another, until he was forced to wind up in much confusion and in a profuse perspiration,
the worst of

before he had completed half his usual performance.



in his life

he had made a failure, and I enjoyed

his discomfiture.


have no doubt the reader will consider

this either

puerile or a wicked exhibition of




was both.

But, I repeat,




to give a literal ac-




count of what occurred, and to show precisely into what a state of mind I had gradually fallen.

I felt


I hardly

knew why

as I

went home.





me where

had been, what would I

However, with the

satisfaction I enjoyed in witness

ing Goulding

perturbation, I did not allow that to disturb

me much.


I entered the parlor, Florence


reclining on the

sofa quite alone.

She welcomed


as I


with un

usual tenderness.

Will you hand
I read to




she said.

I did so.




She read a portion of the address of the ALMIGHTY to
Job, commencing




this that

darkeneth counsel by
she had finished, she

words without knowledge


begged me to


near her.

She took

both of hers, looked anxiously Charles, here on this spot and at

my hand, held it my face, and said:
we must

this time,



we must


make any


cannot be,


with loss of fortune, of home, of friends, you are also to your faith in GOD S goodness and justice and love.
all is lost.

Then, indeed,

have regarded you, my husband, have watched you anxiously until your very thoughts are clear to me. In what you have

of late with trembling


passed through I have been unable to give you any aid, ex
cept the





that I shall no longer be useless

Now, it seems to now I can endeavor



those unnatural thoughts

which are breeding

around your heart, and death. Oh no, no



produce blight and gangrene


not cast off your only

GOD be praised, I still live to compel you to come You with me your Florence. You will not hesitate.

would never desert me, should dangers and
death threaten




will not desert

me now when

I lead

you where you

shall find

peace and



wife continued to plead eloquently that I
bitterness of feeling




and not permit



to pervert


moral nature.

I heard her in silence.




wayward element

within our bosoms compel

the entreaties and prayers ling us to hold out moodily against ancient leaven" is a It love. we of those portion of the

I am the spirit undigested, which has for its essence, which ever resists" It has wrecked many a soul, and



is least opportu grows more potent where apparently there hardened and becomes It or reason for its existence.

obdurate under kindness, like
itself with the devil


under entreaty, nursing nutriment, indifference and scorn.



wife was addressing


so tenderly

and so


quently, I

felt this spirit


quite conscious

gradually taking possession of me. the while, but it was the conscious

ness of one oppressed

by nightmare.

so far controlled

resolve while I was exhibitmyself (strange to say), as to

these wicked manifestations of the evil one, that I would

yield in the end.





became harder every mo


for pres in the saw the young who had stood beside me church one bright June saw only her. Florence. Clasp ing her hands tightly together. it is true. discouraged. to live on spell The under intense suffering a forgetting there is life of wretchedness . despairing. the plaguespot eradicated. her loved work. and I saved saved. ently I village Then resistance girl was at its height . the gangrene cut out. and never distrusting His wisdom or providence. broken. and I exclaimed ter with &quot. 123 Florence paused. falls us. .OF At last W ALL-STKEET. morning The moisture gathered in my eyes the devil s wand was . let His name be dissolved. ence her last All this was the work of Flor work. but never a GOD who last reigns.&quot. : Pshaw ! what has been the mat There. and whatever be praised. am sane sane! GOD was bless you. she sat and looked at mo mournfully. quite beside myself. I me. Florence .

be it ever so of the future. They look with amazement on what they term our reckless disregard small. both are right. and mise. He had made a respectable was now. both wrong. as the The thought which shall be certain and permanent. owing to the innumerable op its portunities for getting on. and leave The person who took the house had himself failed in my debtor for about compro had been among the first to sign off. PREPARATIONS. and I . There is not in this country. lishment.124 UNDERCURRENTS CHAPTER I XVI. business three years previous. His affairs had taken a successful turn he had made money fast. de tombcr en misere. Glynn that should be This sold subject to the rights of the lessee for that year. and was paid. some income. would keep the interest on the mortgage something toward our support. with the consent of Mr. is to provide French express it. based on fresh and varied re- . SUCCEEDED in renting the house to a good tenant it at a fair price. habits of our countrymen are a mystery to Europe Among first the latter exists always a horror of coming to want. a thousand dollars. As is usual. and wonder at the lavish expenditure of per sons who have no receipts beyond what they earn from year to year. able to take an expensive estab The ans. or. as he thought.

let it never be forgotten that the sanguine and the country. the latter regards with horror the pre carious tenure with which here our money-kings hold their wealth and sway. PROVIDENCE makes no mistakes. While Wallstreet would not be content with the slow and steady gains of Change Alley. We gles.-it the bottom. since I was not in the favorable posi- . All he requires is honesty. which produce strong contrasts from year to year in the fortunes of our ever-shifting population. and too often reckless money matters. and indeed are restless are a necessity in a natural products of the restless soil. Here a young man. nor yet with any of both had had our strug feeling jealousy or chagrin. Al- thorgh we subject ourselves to the dent philosophy which teaches &quot. We all understand is this. and it makes us it less thoughtful of what to come. to be sure. a groat a year. still. Unfortunately. feels no need of capital to enable him to rise. It is the sanguine and the who make a nation great. An old business com munity are not competent critics of the new. and were about to change places. Something more than that. sources. well educated and in good health. the 125 same necessity for that careful and provident provision for the future which exists in the old world. and of ordinary capacity. activity and per severance. But there is a salutary re sult . therefore. criticism of that pru A FIX a day. It was. with no feeling of surprise that I found Mr. Williams an applicant for our house.&quot. does in more: it makes us thoughtless. A penny saved is two-pence clear new . It leads to various extravagances.OF WALL-STKEET.

There are those theoretical moralists who do not entertain a soli tary practical notion. this should be absolutely as well as legally regarded as final. and in the long run things are pretty equitably bal anced. from a feeling of an abundance making payment. . I do not believe any reader of mine who happened to take advantage of the general bankrupt law of 1841. I admit it is most agreeable to be able to and when it is done it is very apt to be heralded by a flourish of trumpets. Every merchant in his time releases a large sum to his debtors. Ought he not to pay it ? I had released him. and it led them I recollect. from a conscientious sense of duty. it often. may be. ago. in do so . some years to provide a year of jubilee. doubtless. Sometimes this done out of policy. although he had been left after ! It will be discovered. It was true it occurred to me that there was due from Williams over three hundred dollars. The Hebrews understood this. name is still associated our whose of one merchants. that those who have done had &quot. My own opinion that when in the chances of trade losses honestly occur which render a compromise necessary. feels it to be his up old scores. purpose of attempting to pay a legal debt Now. and interest. I this think. but how far was he morally bound ? This is a question which has been a good deal mooted. and often. all who hold that a man is bound to toil his life for the full. duty to have toiled laboriously since then to pay Neither is it a good policy in affairs that he should do eo. on investigation. I ex perienced no heart-burnings nor foolish regrets. is.126 UNDERCURRENTS As it tion of being freed from embarrassment. and a proclamation of how the honest released man has paid his hundred cents on the dollar. was.

in view of his large experience. and does by no means disturb my own theory of the hazards. He was him have paid all his obligations in full an acquaintance. any latent idea that Mr. and I felt suffici ently intimate with that he to ask if this at the time. Williams. and con tion he has devoted to the subject. for . bavins: for their basis a wise Asrain. It is. however.&quot. it. Williams pass in honor scot free. if full. l&amp. and subsequently. therefore. Williams wished to * We feel bound to defer in a measure to Mr.OP WALL-STREET. Norwood endeav ored to make a sale of my furniture to him. Really he was not only at all.* The lease was signed. were so. Mr. was We have scientiously presented. wife s Mr. bound pay the whole it . after had paid his half of to the general indebtedness in legally but morally bound. and the act of grace by an indulgent creditor as no way morally releasing the debtor. PARKINSON S opinion of the moral or honorary liability on a discharged debt. and the atten We admit it is presented in a new light. I quickly discarded. we confess it disturbs our nerves somewhat. . and thus we take leave of EDITOR MEMOIKSJ. and for the rest Mrs. pardon obtains under Goo s dispensation. and with this I &quot. Perhaps we did not sufficiently take into account the fact that matters of trade are founded on conventional rules. it need not be inconsistent method. a question for the conscionce of each individual. with ing. and nothing remained but for him to content to let take possession on the first of May. a prosperous business. because he was now doing ought to volunteer payment of the balance of his old debt. the philosophy and the morals of trade. Mr. is Practical application felt the true touchstone. all 127 that is and first in upright and honorable in commercial deal enterprises of benevolence. Williams had already consid erable of his own. he had taken one of many views of the subject. to time after his Avith interest. most of it would be inappropriate in our new abode but in this he was unsuccessful. a long failure. it free with man s and liberalizing policy. and I learned had a partner getting again into successful business.ut been accustomed to regard business obligations as always binding.

for example. wife ent s pretty sewing-chair a little when expense was not thought It is passed around . is and is vexed because the chair too small for her after it. coarse who weighs two hundred and sit in it. forty pounds. not only greatly attached to localities. and the sale goes not very pleasant to a sensitive person. . and urging with professional volubility an increase of oifers. pleasant sight. he has seized your beauty. however. mute. UNDERCURRENTS new furniture. Mrs. There. endeavoring to by what arrangement of certain articles in our new I abode I could preserve a semblance of our old home. All this is perpetrated. ex hibiting it to a gaping crowd. a table. Here on this sofa your little ones have climbed about you every piece of porcelain reminds you of happy scenes around the table. happy in the memory the very lares and penates of your home ? Think of an a history in the arm-chair ! it is auctioneer rudely taking up one of these dear objects. and who makes his . undertakes to Big. he would I ascertain walked up and down over the house. thousand little occurrences closely connected with one s household furniture.128 purchase take. a birth-day pres of. my heart associated with such objects the scenes and incidents which have occurred during their occupation. Are these not all friends. among a curious crowd . am is but to specific things In a chair. It is hard to part from what use has made us familiar with add to this the . The carpets. who loves to cherish his associations. for by her own account she was crazy Then a joke is on. various remarks are elicited you can hear yourself abused for your extravagance. the arm-chair what . a book-case. but to the true. Easton.

number factured from the same. :&amp. and books not exceeding in value rifty dollars. family pictures and school-books. two swine. PROPERTY EXEMPT FROM LEVY AND SALK 1. etc. albeit the law permits him to do so.All I NDKK EXECUTION. weaving-looms ami stoves. and the necessary food for them. fuel for the use of days. used by or in the family of such person. and which con exempting cludes with a later and more humane provision.. fish. but I found myself selecting many little things I knew were no longer of use to her. where favor is less needed than in town.. ten sheep. by way of additional items in the exempt list. We think some com pensation should be provided for residents of cities. to &quot. flour and vegetables actually provided for family use fuel for the use of the family for sixty days. beef. All sheep to the 4. provided for family use the family for sixty and necessary etc. consultation. put up or kept for use in any fish. flour and vegetables actually list . A seat or pew occupied by such person or his family in any house or place of &quot. I did not call Florence into the Why? I did not dare confess why. who are gorgeously apparelled. -The family BIBLE. 129 surroundings dear to him as a part and portion of his daily life. Norwood as to what and how much the law permitted me to hold. 2. as an offset to these indulgences to the country. It will be seen these provisions are intended to favor those who dwell in the country. A poor man in the city of New York would lind some dilHculty in keeping a cow. sary pork. . all prepared by our law-makers. to whom the idea of a restricted want would be a novelty we present a curiosity in literature.OF WALL-STREET. etc. *To that portion of our readers who reside within the charmed precincts of wellinvested wealth. Sincerely do we hope they will never be forced upon a more intimate knowledge of its contents than the bare pe rusal will now uli oid. all neces . which are kept and used as a part of family library. had previously consulted with Mr. two swine of ten. spinning-wheels.. including necessary pork. and live delicately&quot.. with their fleeces. beef. which specifies what property is exempt from levy and sale under execution. public worship. wit: an extract from the Statute Book of the State of New York. one cow. and the yarn or cloth manu the necessary food for them . My reflections were something after this sort as I walked musingly over the house.* I had read the generous &quot.&quot. and necessary 6* . &quot. but which were dear to me because she I had used them.

bedsteads and bedding. would be sold All the furniture I at auction. &quot. in one hundred and fifty dollars worth of ar ticles. one table. UNDERCURRENTS addition&quot. but conveyed to for the rent. one tea-pot and six spoons. beds. 1 . parlors.&quot. me nevertheless. Whatever should be the amount result of the litigation with Bulldog. working-tools and team of any person having a family for which he provides. retaining at the same time that and this by some such process of of. six plates.The tools and implements of any mechanic necessary to the carrying on of his trade. exempts &quot. one sugar-dish. tenement would be neatly furnished. appendages one pair of andirons and a shovel and tongs. I ation as I have just spoken again to the and did not wish to attract my attention.necessary house hold furniture. I had a right to certain specific things. It day from the owner of the was courteous in terms. one milk-pot. arms and accoutrements required by law to be kept by such person. who received the con gratulations of bank officers and wealthy financiers for 5. in addition to the above articles. six tea-cups and saucers its . and this certain in value in furniture besides. to the value of not exceeding one hundred and fifty dollars. &quot.&quot. for such person and his family. gilt-edged . one crane and . I received a letter the next house I proposed to occupy. With what our small could be legally held by my wife added to it. six knives and forks. . so as to escape to her own apartment without obser I knew very well that she was about to lie down vation. but it galled me I whose note a little before was so &quot. whose paper was considered. &quot. he should require security This was only reasonable. in the present par lance of the street. six chairs. owned and had assigned. necessary cooking utensils.All my necessary wearing apparel. Reluctantly in my mind I yielded this and that. not exceeding twenty-five dollars in value.&quot.130 &quot. that doubted . A subsequent section.un his decision. 6. associ Descending caught sight of my wife going out of the diningroom. together with such belonging to her as was thought inappropriate.

&quot. my ? security? That was the point. was to my pride . If I was to have a roof over &quot. No clause in the articles provided your bankruptcy before. a friend in need. once more Mr. now it is all on one side. took you as you were. to 131 hundred and fifty fifty dollars be called on to give security That was only eighty! seven dollars and cents per quarter. my head.7F&quot.go&quot. Who would &quot. What for nonsense. Well. To whom those dear could I apply &quot. to it was not more encouraging itself my was hopes than the demand idle to resent it. Norwood proved guarantee. taking things into consideration.OF WALL-STREET. to be sure. vices on any and every occasion. I must comply with the conditions. seven dollars and cents each and every three months for the space of one year ? Echo answered. out of all of my r house . Beggars must not be choosers. had decided that his rent f tJie chances were against my paying him This conclusion Therefore he asked security. it was fair give and take. and security wanted. but they expected to command you as well. and Mr. to who w ould be security that I fifty any and every amount would faithfully pay eighty. but Neces sity is a great leveller. You might command them. himself a shrewd man. Once more I had recourse to my counsel.five Out of all my friends. such reflections ! Those friends of yours &quot. .&quot. and freely became my The lease was dulv executed.Ao/&quot.&quot. Norwood readily . was that not a fair indication that all my future landlord. who had enjoyed the hospitality who had begged me to command their ser hundred.&quot. eminent success for three in affairs.

accepted as surety. Williams marked and a correct catalogue printed. the re served articles selected off. Already had adver tisements appeared in the daily papers. fixed preparations for was the twenty-seventh of April. of the magnificent sale of Broadway. and name and fame of those accomplished auctioneers. household furniture at No. and all would be going. those sold to Mr. A. which should take place on the twenty-seventh day of April. The day The list . going. and various orders given to be executed before the the auction. the hall for oil-cloth. gone ! . well-known house of A. description all The was in the best style of the concomitants worthy the Lee and Company. Lee the auctioneers were The and Company. A few more days. was carefully prepared . first of May.132 U ND E K C U E RE NTS The rooms were measured Next came the for carpets.

loving countenances mournful. A darkened chamber. nor how. 133 CHAPTER THERE was no day of April. watching by the bed-side of my wife. and while in your grasp to have first filling it flutter and stop. a woman wearing a professional air of solemn solicitude near the bed. There are some of you who know what it is to hold the hand of the one most dear to you. auction at our house on the twenty-seventh No moving out of it on the first day of May. adjournments were consented to without question delay granted on either side. and that the time drew near. It is not my design to attempt to portray my anguish those fe\v days. XVII. careful footsteps. For in that hour none were so hardy as not to acknowledge and pay respect to the approach of the destroyer. lay on that couch. . It was sudden and swift. your soul with awe and terror before the fountains of the heart can be loosed. despairing. Another fresh cold led to acute inflammation of the lungs. voices scarcely above a whisper. were tokens that some one &quot. appointed to die&quot. The motions and counter-motions with Bulldog were no longer pressed . and .OP WALL-STREET. and watch the feeblo pulse. I beheld her sink and die. It is a fearful moment. and death was to follow.

commencing with that pleasant little party in September. : I have one request to make her voice trembled. for our I leave tion. has been rounded from day to day by love. tinued &quot. all around you. I Prom . down by I her side it was the scene of the drama. we have little to say to each other. I have never !&quot. husband After a pause she con .. when &quot. and at the last there will cornea season of repose..134 grief U come to NDE K C U KEE NT S The history your relief. Keep them life. on the third of May .&quot. She died that evening. and to tell O my &quot. you. murmured. would be impressive. whole coming. you. ise me &quot. .&quot. . I returned to my sunshine and a balmy at wife s chamber.&quot.Kiss me: call the children!&quot. Charles. having been absent perhaps a half-hour. GOD !&quot. . knew Florence designed to take a sat I did as she last desired. She asked me to send the nurse for a down stairs. and what I leave shall you to encounter misery and degrada seem disgrace. Keep them together.&quot. &quot. a pleasant day wrch warm mosphere. My heart beat violently. to see this. It was past the middle of the afternoon. and to tell Alice to leave the room few and moments. you Never! while will not separate. for I last farewell. but through all you will preserve your integrity. but could convey no new impression. permits : . me . am foolish to recall it it is life : let it pass.

135 CHAPTER &quot. gazing out on Broadway. I recol lect and mechanically opening the streetand door. is generally a brief one in the experience of the mourner. Did they know she was dead ? So entirely do we color and shape externals out of our own profound This period egotism. especially if we be forced quickly back into the current from which we were withdrawn. the morning after my wife died.OF W ALL-STREET. MOURNING. and carriages of every description rolled noisily along. the rudder s boat THE The dark sail shifts from side to side. It seemed as if the world should stop in alize that its daily avocations. . lost.&quot. Tke oar breaks short. How useless 1 of various conditions would stop and exchange cheer People to their several offices ful salutations and lively pleasantries. adrift. I NEED not tell the reader how. and I could not re in machinery was motion just as ever. Why should the sun shine any more ? Omnibuses going into the hall. I rose with a feeling of utter insensibility and in difference to all that was its transpiring. After the funeral we buried my wife in Greenwood . untrimmed admits the tide Borne down. XVIII. The sun shone glar ingly. Why were they not silent ? Business men were hastening and counting-rooms. at random tost.

But is the short period of our mourning humiliating to ? human live in nature Does indicate that so. and lo ! again we walk abroad.136 UNDERCURRENTS thoughts turned by necessity to it my my children. it is a we must come back way on it after accompany ing the loved spirit part the journey heavenward. however. it is capricious and unreliable ? this I do not think It would be impossible to sof- world of ours and carry around always such sharp grief. and we find ourselves re T turning its smile and friendly greeting. the . somewhat more timid perhaps in view of future possibilities. This season too has case. and even if. feelings gradually get into their former channels the world presents itself which we regarded with indifference and disgust by degrees w ith the old charm. We may indulge in a tender melancholy. unlike my own we are not roused prematurely by stern necessity. For a time. Soon we forget the poignancy of that grief which held so complete control over us . enjoying our old delights. ture of our mourning than in the affliction which causes Deep grief. and without the least care for the future. its limits. but wedded firmly as ever to our old habits. lines I less. lifts all earthly consider ations. subdued some what by our sad experience. There is something more melancholy us above in the transitory na it. was nerve purposeless. melancholy idea that Yes. I found impossible to situation is summon I the least energy or resolution. My best described by the have placed at the head of this chapter. . and we feel self-reproached when first forced to admit any returning sensibility with regard to them. while it lasts. eager in our old pursuits. regardless of the present.

OF tening in AV A L L - S T II EET . and insisted I should take time and have the auc tion on the premises. only solace . but playing about quite as usual. as de So it was not very long before I became engaged terminedly as before. for them alone I now was to and . he called to condole with me. sympathizing. Alice appeared to grow suddenly into a woman she was thoughtful. in a day or two they were . but is providential that the season of intense sorrow but short. 137 it is its influences. and arranging for the sale I had promised Florence not to Indeed I could not separate myself from the children. When was over. Williams who was to take our house was very con While my wife was ill. resisting or attacking Bulldog and Company. and do our duty manfully. he sent a message begging me me not to have the least concern or it solicitude about not being able to give Mrs. tender. Williams felt that a few weeks all at a hotel up on the day. fully resolved that if I were wrecked they should not benefit by the disaster. Mr. they knew they would not see her any more. have done so if the pledge had not been given. now live to be my toil. were yet too young to grieve. just as I I had previously intended. They were of furniture in the old. now attempted to address myself vigorously to the task of fitting up the new house. They cried when their mamma was carried out of the house. would be an agreeable change. siderate of our situation. Some times I loved to believe that the spirit of my wife had com municated to her that maturity of feeling which was now Little Charley and Anna so congenial and companionable.

and per to have that it had always been a favorite with her.138 UNDERCURRENTS CHAPTER AGAIN. sale of household furniture in Broadway. and on one occasion (and she w as eloquently minute in particularizing when. under the circum objects merely as were desirous of procuring these several souvenirs. a third a tea-set. before the sale. I because she had had but one answer to give to these disinterested souls. it to her. but she (Mrs. of Lee and Company. I could not consent that they should take them away price. Amelia Vanderheyden assured me give poor Mrs. another selected a fauteuil. and so forth.) was really ashamed to accept just been praising it so. Parkinson. could she but know it it would haps she would know it so much satisfaction . having really no use for them at a whatever). and (delicately put in) nominal Mrs. how and where) particular piece of furniture in her possession T my wife had actually proposed to present it. V. . in the daily journals XIX. appeared the advertisement &quot. announcing the splendid&quot. Each was desirous to have some trifling memento of their dear Mrs. I was subjected to not a little annoyance by the calling of several female friends to ask about certain articles of fur niture. One fixed on a centre-table. THE AUCTION. Parkinson. Their purpose in coming was to inquire stances (since they if.

pianos are a drug. Parkinson. Chandler. niture or the sale. that amount. news arrived of the protest of Wise and Com I had paid only the year before nine hundred it. [He did bid up to . little dred I thanked Mr. and I give you my word I shall bid . pat Mr. poor wives requests. Chandler a bluntly perhaps. Mr. motives of delicacy ronizing tone said in &quot. would not bring over two hundred dollars. though a good one. : will prevent my attending a sale which is the breaking up . I will say I have left orders with a person to bid off your piano at four hun dollars. . &quot. if it fore the sale. as times are.&quot. when the pany and fifty s bills. but gave find a competitor at no information that he would probably the &quot. called. that I had no control whatever over the fur I must refer them to Mr. 139 and that was. to your mind about a pretty expensive article which will hardly find a purchaser. I dare say but it is worth four hundred. to certain polite but distinct in nuendoes of how soon husbands were apt to forget their wishes. of the establishment of an old and valued friend relieve but. and in a very condoling. which he decided was the safe course. Norwood told me a friend of his stood ready to pay six hundred dollars. and slight their well-known There was a very fine grand-action piano among the articles to be sold the same instrument on which Alice was playing . Mr.OF W A L L -S T K E E T. he continued.&quot. Parkinson. dollars for Mr. irrespective of competition. You know. sale. a perfect drug yours. and would bid was thought necessary to sell it at auc to that amount The day be tion. Norwood. a merchant who claimed to hold me very high esteem. Whereat I was subjected &quot.

I knew how much I there was disagreeable in store for me but I thought I might be of service there. .&quot. &quot. &quot. and it was struck off to Mr. had decided to be present. &quot. he continued. who had vowed she would have chagrin I thanked this delicate-minded and generous it. all Women who make where over the a business to attend auctions every stairc. so pleasant be invaded by Goths and Vandals. and not permit too great a sacrifice. since he went on to descant at that auction. course are not to be here. will it and your breakfast-room. every lady who knew and nieces if she has any. hundred and said Mr. myself to breakfast with you at seven. I should encounter. and shortly after he took his leave.] Again friend at six Norwood man.140 six UNDERCURRENTS hundred and ten s dollars. friend. and . My sale.&quot. said. in Your library your recollection. and I invite myself to be your companion and escort to your new house. city. and upon what &quot. there.ises. and into every nook and will see You he &quot.&quot. her with daughters your wife. roaming curiously over your house. all &quot.Certainly. will help to add to the confusion. much to the of Mrs. I was easily persuaded to yield to my friend s advice. ready to leave the I know almost as much about shall I will be present.&quot. Norwood to me the evening before the you propose to be at the auction to-morrow?&quot. I invite &quot. will throng the halls and Men who go expressly to crowd among the women &quot. he replied. you are other house quite prepared the property as you do. corner. The children of . Chandler.&quot. I shall not consent to it.&quot. &quot.

&quot. on my recommendation. and said a pleasant word to the children. our new entering hand. good one.&quot. for and left for the auction. a very dollars. and Alice and I had planned we had carefully calculated expenses. Williams had. had engaged Alice could a good-natured. mained for us to do in our handsome house we stepped into the carriage. 141 Enough. serviceable Irish girl to do work.OF WALL-STREET. he had made such from my and which now wife s furniture as we thought suitable. not attend school any longer. A cheap piano was purchased. Nothing more . fore the door removed. the wagon followed. general house We were to have no other servant. Mr. together. en . and we sat down to our last breakfast there. belonged under the trust to the children. Soon the carriage and baggage-wagon were be what remained for us to take. for two hundred Alice had herself superintended the arrangement of the furniture. I had re places for the other servants. I exclaimed. me made every He had done every thing arrangement. It was eaten rapidly and in silence. Norwood shook my abode. Norwood arrived. and we were soon Then Mr. She dis played extraordinary energy. but Charley and to it Anna were go to a respectable day-school. . He had gone carefully over the estimate of the furniture which I could hold. We &quot.&quot. The morning came. procured since he had employed none before. The small house up-town had been neatly but very inex pensively furnished. was speedily Mr. and I found myself taking an interest in every thing before I knew it. Without any regard selections to the replevin suit. and praised Alice. gaged our man.

that a mourn home-sickness took possession of me. after the children ful had retired. and Alice enjoyed the comfortable by her careful over I did not quit the house that day. He had in and was fur nishing the necessary funds for carrying on the several suits which I was involved. The children appeared just happy in the new house making as in the old. The as quietly away.142 UNDEECUERENTS taken the responsibility of the sale. and accept ings and regrets. . . END OF PART FIRST. your condition /&quot. and humble tribute in to his memory. : Presently something seemed to whisper &quot. After an intimate acquaintance trial of fifteen years. I had separated myself from one. The morning passed day stole unpacking and arranging.Cease your foolish repinPass down into that class. he proved on the closest I pay here this a friend. my social life . all satisfaction of sight. and it was not till late in the evening. but a severe I felt stricken with a sense of desolation. a necessary act.

locality on the habitable globe are these sentences more applicable. blunt quarter per cent. shock the nerves than plain. IP.&quot. every . legitimate&quot.A. looking : down Wall- street. a day. man s fcjtalti) is ft a strong tits/ is tftct r t)t instruction of tfrt poor To no the &quot.RT SECOND. which by the way is only ninety-one per cent.The And wholesome Neighbour d by strawberry grows underneath the nettle. berries thrive and ripen best fruit of baser quality. should be inscribed in large letters &quot. CHAPTER OK I. or thereabouts) . the front of Trinity Church. (a favorite standard day and a favorite way of putting it. per annum. every movement of the stock-market. quarter of a hundred dollars&quot. as less calculated to for a &quot. to the shaving of a &quot. THE LOCALITY.&i)*m]j &quot. Every transaction discounts relating to money. &quot. from offerings by the banks out of the at the ordinary meetings of the board.UNDERCURRENTS OF WALL-STREET.a fourth-class piece of paper at the rate of dollar a price.&quot.

and a more vivid despair. bad shelter. whether in bonds. except by death. for they have sharper sensibilities. But the Wall-street &quot. suffer present stock in trade. Our sympathies ing tales of pauper are often tried life. -stocks. goods or merchan but confirms the fact of the economical advantages of wealth and the expensiveness of poverty. who have no con he habitually ception of the desperate shifts and expedients to feed and clothe them tied with the cord neces employs . Well educated. employed to gather gold for . with respectable associations. and ignorant as they are. But intellectually there has been no descent. women and chil dren in the mines and collieries.144 TJ NDE II C U 11 II ENT S transfer of property. and be comforted by a faith which affords the prospect of a happy rest hereafter. they may enjoy the consolations of religion. their horrors. and a stinted diet. Some delight to picture these scenes in . every auction. and the men. operative&quot. no possible chance of release. The overworked wretches of the manufactory have. worn down by hard labor. who wear and shops all out a degraded existence in mines and and factories. and keener appreciations. they would dispose of eagerly seize on this. has fallen from position of some kind into his awful serfdom. bills. and exist in that street those There who more than the pauper. possibly not exaggerating in the account and many of our popular writers have entered the field with If they could experience ten years in Wall-street their success. by the recitals of harrow or of the miserable beings collieries. sity to the chariot of the rich. and shops and factories. dise. every operation by the brokers. Physically they sink to a very low scale. it is true. with perhaps a refined and interesting family at home.

he becomes desperate. nay. Whose lives out side of this are a blank are idiocy. steps over the delicate line crime. and is reported in the dirty morning papers with the comment. work he has done so long or. them. he commits suicide. who have no other idea. for they have not lost the at tributes of humanity. and year to year. to press every advantage. and clear skies. who care for nothing else. is and where there last are is consciousness there hope. but he has no time to visit them. and a pure moral atmos phere away yonder. to calculate every possibility.&quot. to force the last piece of coin from the unfortunate. more entitled to our sympathies. his moody nature taking another direction.OF WALL-STREET. He knows that he is degrading his nature. There is &quot. and is drawn by the law between moral and legal sent to the penitentiary by his patrons. 145 reflec with the power of : and appreciation. He sees glimpses of green fields. no assignable cause for another class equally. to make every sacrifice for gold ! The miserable individuals first de scribed are not irredeemable. . with a growing sense of injustice toward him from some quarter. But these and beyond the reach of every human influence. cheating and swindling. It is the class who from day to day. They are conscious of their position. the commission of the rash act. He must learn all the tricks of the it street the how to lie and cheat and swindle. . and month to month. and a consciousness too his condition infinitely the worst. who think of nothing else. whose . yet he has no opportunity to stop even for one moment to regard himself. Per haps at last. and week to week. and swell their triumphs tion is . To hoard up cash. labor un ceasingly for money . so that will not legally be lying.

a short and somewhat irregular avenue. fruit. and behold a palatial array of banks. more insurance com panies.146 UNDERCURRENTS it have nothing to expect in the future. But I must not anticipate. devoted to houses connected with the auctioneers. leading from Broadway to is The numbers of the buildings reach only to one hundred and twenty. segar-brokers. of the street. The lower shipping part trade. the far Thus far shalt &quot. the street. wineAs we advance up brokers. and no farther&quot. magnificent spire. and an occa sional bank or banking-house with more merchandise.&quot. a multitude of brokers sighs of every kind.&quot. bill-brokers. and find again something of the commercial atmosphere. money-brokers. from the leading houses the curbstone &quot. a striking illustration too of The nearer the kirk. all sorts of brokers. the East River. mingling with that of money-bags. including liquor-brokers. or Bohemian&quot.&quot. ther frae grace. and so forth. in this direction . cigars and confec Approaching William-street we enter the vortex. down to &quot. cotton and merchandise- brokers in every variety. and marine. stocks and bank-bills. But we can do no justice to Wall-street by any simple . and now crowded out of Wall around the corner along William-street to Delmonico s. brokers. fearful judgment. stock-brokers. and occasionally a shop for tionery. more lawyers offices. fire we encounter an array of insurance companies.operator. collection-brokers. with &quot. At its the top of the street we encounter Trinity : Church. unless looking forward to Wall-street is be n &quot. known as the &quot. innumerable lawyers offices.&quot. Approaching Broadway we escape in a degree from the oppressive flurry.hyena. practically announcing thou go.

specie. they are to be had in Wall-street. carriage. it is the Custom-House as well as the Exchange. a ers in their season. uncurrent money. people run to and fro. The minute-hand has worked more minutes it five into the last quarter. It is a strange spot. of forced calmness. he can do he only makes a grimace. good dog-market. a good milch cow and calf. If you want a pair of horses. Men rush madly past each other with bank-books in their hands. a Newfoundland dog. the In It is a Docks. Old Broad-street. In ten will be . Thames-street and the Inns of Court. Its 147 advan mart are incredible. attempts as he bows to smile pleasantly .stagger like drunken men. and any description of new or second hand you. Occasionally an acquaintance passes the t man it. drafts. and literally &quot. Wapping. like the street of a deserted About ten o clock it be show signs of extraordinary animation.STREET. three o clock. wait a little and they will You will find there the best fruit. a terrier. cow-market. Threadneedle-street. grouping or attempt tages for a universal at concise characterization. checks. white mice. a monkey or paroquets. evidently waiting for something. Through the day the turmoil increases. a Shetland pony. notes. be paraded before and the finest flow you would have a donkey. and then up and down the street.&quot. If Berkshire pig. It is Lombard- street. combined. From time to time he turns his eye anxiously to is the great dial-plate which displayed from the church. casionally Oc you may see an individual on the steps of a build with an air ing.OF WALL. Toward three o clock the street appears undergoing a series of desperate throes. What is he waiting for? . and bird-market. it is On Sunday gins to or early in the morning during the week city.

have unconsciously departed from is. luckily . or a check to make good before three. full hour. he be in comes demoralized. he sees it can t be done . He knows how unsafe . a second is short. a check for the desired amount. and before the hour. the I find I plan. it is rapidly endorsed. and ask pardon for the digression.&quot. he waits he hears &quot. just money generally found. . into the hands of the now agitated principal . in Our hero relieved vites the first friend strolls leisurely he meets to take a drink with him. and has to renew the attack the next morn ing now prepares to leave his office. but the fates have been against him. He till considers moment .mind the chimes ring out the easy. it is to let his victim pass the point unrelieved for. consequence is indifferent. use his paper the he has sent to the is last possible ? Look young man coming.148 UNDEKCTJBKESTTS That individual has a note to pay. my proposed which to allow the reader to life.&quot. One t ! friend is : out of town. travels fast. he has probably borrowed the money for a day only. up Broadway as unconcernedly as if he had Perhaps he does not come off so perhaps his young man reports to him. the third can place. and then his is Your shrewd money-lender understands this per fectly. thrusts the welcome little go . and not a care in the world. Yes No ? He runs eagerly up.&quot. he lights a cigar. He has worked hard. So. and on flies the youth to the bank. once having gone to protest. hand which points toward a three. &quot. that it is &quot. This I will now resume. with the particulars of Wall-street of it become acquainted by what he can learn from my personal history. while stand then the fatal ing gloomily on the steps.

I Alice and I understood each other perfectly. and removed with my three chil dren up-town. to pay as you go. and paid away his money as if he had but little of it. you will become in spite economical of yourself. ferred to the influence of family connection under such cir cumstances to sustain a broken-down provide him a means of support. still Carefully indeed did I dis pense the little sum which remained to me. HAD buried my wife. The time had take for a living arrived when I must decide what to under I have re how to support my children. walking left up and down the little parlor.ask any. man of business and raise There was no one to Well. and never penny s worth on credit. a finger for me. &quot. My daughter I did not . &quot. She was my only companion a great solace two younger children were and happiness. butcher or milk-man. they were not old enough for for while the society for me. nor with the baker. I had no credit at the grocer s.&quot. and which with the most careful husbanding of resources. I II. grew omi nously less. I exclaimed to myself. When to purchase a you undertake. reader. and settled into a cheap habit of living. 149 CHAPTER PERSONAL. is there really any thing . was known only as an elderly gentleman. who bought very sparingly.OF WALL-STREET.

! without a fine house. not to lose my self-respect . Let me see . beyond the leaving disbursing of so much money per annum question. what do you amount to ? That s the question. Well. How to had I neglected my life ! The great thing now was. What sell &quot. fine horses and money. and heart. faring on poorer food. with nobody to get up an insur ance company for you to be the president of. if cer tain persons who fill fulness are rich or not prominent places of honor and trust ? Yet. and it you became per se a nobody. not seem contemptible in my own eyes. What have you to show for it ? a dollar in the world . has done something. He have you done besides ing goods and looking carefully to the main chance ?&quot. is not worth yet what consideration he commands. keeping up no establishment ? True. what is the cause of this heart-ache ? Is it in consequence of living more meanly. O in there was of you. Had I not the same brain. etc. Then returned the selling goods. your classmate. I asked myself. to become rich had been too much the question with me. having in times past done nothing and achieved nothing to entitle you to selfrecognition and to recognition from the world. and soul as ever? Were I dismissed from . this may cause certain others to regard you in a different light. Lawrence. but is it so ?&quot. but why should you deem yourself thereby Parkinson your position was ! insignificant? all If really. ? what had I really done beyond Do we inquire. a fine carriage. O Parkin son you are a poor devil. and failed.150 TJNDEK CU REENTS of you ? House and home and fortune gone. You have lived and worked hard many years.

Xow. you yawn. hearken ! I do not accuse you of loving money too well. and it takes Because you so you Tuesday to get right. you lose . . s Why? overtask yourself that a day relaxation makes you feel that sick ! Perhaps you accumulate a fortune. then. You else. and you read to a late dinner. You your you can never get out of is You are worse off than a poor man. it nothing tic On Sunday you endure a wretched. the reaction is too great you do not know what to do. who are not more than half acquainted with you. play a little with the children. and happiness.OF WALL-STREET. could I endure until the appointed time ? Merchants. covetous.&quot. miserly or grasping. or if amounts to the same thing. and it &quot. You make it instead of a means to comfort . are from business for fear you self into the harness that become imbecile or lunatic! and your fears are well grounded. in the evening after the little ones Perhaps you only return have gone to rest . Standing on the other side of the river. breakfast taking time scarcely to greet your children. but will you you dare not retire have so fitted it. for he permitted to pre- . . yourself in your employment. next morning and find till blue go to bed. make rise a call . . these alone 151 would stead me. of being avari cious. but you devote your entire energies too much to the end and aim of your life your occupation. You Monday. You work too hard you enjoy too little . you hasten to your place of business. You rise early. this world. I was perhaps superior to Russell. You manage to read the newspapers going and returning. and you entitled to repose and relaxation. business men of New York. attend church you stroll home . smoke a cigar. dyspep mind and day body suddenly and entirely relaxed.

home. Then you will cease to be absent-minded or preoccupied while you caress rid of that sit is them . the forest and the mountain . although you know your presence is not required at your place of business. you are sure to be the gainer. Can t I am not going to preach a sermon. a statue. but apply more intellect to dertake. Suppose you attempt to become interested in what is going on at their office when they are set at liberty. children grow up. a picture. I say.152 UNDE K CURRE NTS Your ! serve his faculty for enjoyment. while you lose yours. thing of art ing. We read of prisoners so long confined in one position that the limbs refuse to do So with you. who have no other thought but to merely buy and sell. by being done with too little reflection and Think what a large portion of your time spent in repairing damages. a fine building. Therefore. some some thing of nature. a pitiable object to behold a man twist himself into a deformity. because the time up for you to be off. marry and leave you alone you change But really all this ? it is all how terribly alone. Cultivate your children s affections. do not work so hard. enjoy all my advice . you can. nearly half that you do what you do un is done wrong or injudiciously too much is precipitation. take time to enjoy I repeat. then you will get not permit you to nervous irritability which will quietly half an hour with your family. Recollect. In short. an engrav something of society lay hold of persons genial. and create a world of pleasant intercourse. the green of the meadow. who in are which . or in undoing what you have begun. the majesty of the full flowing river. and thus en large your own. So you cannot lose by following on the contrary.

OF no taskmaster W ALL-STKE ET. . while I subjected myself to a search ing analysis. Do not look is it down How since Or at the least let your eye rest on a church . retires&quot. and get back if you can some of your youth s romance. There cannot exist a more unhappy life man who fails has devoted his very to &quot. keep yourself from ! becoming a hideous the result of ossification These observations are as I paced my reflections that morning up and down the little parlor. make some get out of the rut you as but look up. failing that. you will be worth more in business . but I discovered that so is something and then 7* far as one has the faculty to enjoy what daily presented so far one is rich. toward the close of his ca reer. garded sky. I tions felt that I was something outside of still my occupa . than you have spectacle than a ness. That analysis was not altogether discouraging. lost. not what I should have been.busi and who or &quot. If at last and you know what are the mathemati you cal chances against your ultimate success you have not lost all you are worth on the contrary. 153 at all events. In short. for shall enter HEAVEN S sake. you walk along. look at the fill the streets do. spire. are in at present. Whether you are to fail or to retire. now.&quot. nor intermeddle effort to . have actually re long you them the Observe the moon and stars ? sun. or the fagade of some fine building horses and carriages which fail or.

no young man would prefer relish my advice anyhow.&quot. Carefully I surveyed . and very properly. nor active enough for a salesman. and he was withal very competent.154 UNDERCURRENTS CHAPTER WHAT FOR two IS III. Mr. while he remained quite de pendent on some relations. in the course of a my family. to me with much force. people I younger persons. I am an experienced merchant. TO BE DONE? or three months I occupied myself in looking hit about me. I asked the to my friends man s pardon. Parkinson. who was leading apparently an idle life. Faith. I am neither indolent. nor. kindly criticising an acquaintance. His answer I never forgot. I am not suit able for a book-keeper. nor strong enough for a porter. and I it felt now as if I wanted go to him and ask a second time. endeavoring to on some means of supporting recollected. I think. which you can do at . but no young man who is a principal in business wants to pay me for my advice. am not on the right side of politics for a place in the Custom-House. and cannot afford to make an employment for me. and it came home &quot. GOD grant you may never know by experience the difficulty of getting any thing to do. in efficient used up after I have passed the prime of life. but I am my age and in my circumstances. &quot. when his health appeared good. As to a clerkship. Once in my life I conversation.&quot. said he.

had myself thought of this plan. various negotiations as occasion presented. I should have no difficulty in earning. ?&quot. I might also take up I make us at least comfortable. con sequently. At had in that time the present system of large offices. My adviser urged. and in doing business generally since then. It 165 was that of the unfortunate individual whose experience had preceded mine. I found he did not oppose I it. At the Bank of the World. It with whom happened that one of my mercantile acquaintances. much more with credit in proportion. What can I do &quot. my experience of the various firms in the and with the kind feeling entertained toward me by the two banks where I had kept my account. existence. the ground. by way of commission. notwithstanding my experience of what a change of fortune would produce in the demeanor of people. I next undertook to ascertain what might reasonably expect from the banks. city. and on conversing with Mr. that. banks than now in short. But one house of the kind was then at the There was much more favoritism . I was perfectly taken aback by the extraordinary treatment of the president. I had always been on agreeable terms. giving directions to one of the book-keepers as I entered. those who will look back to eighteen hundred and forty-eight will recognize an entire revolution in money transactions. advised me to see what I could accomplish as a note-broker. seated in his private room. what would Besides. not been organized.OF W ALL-STKEET. Norwood. At that time there was much less capital. and. He did not appear to He was . where a capi talist can go and select such notes as may please him.

and shortly he concluded. Parkinson. who evidently regarded me as wholly and absolutely insignificant. was the contemptuous. and went away. as he all would said. talked to the clerk. . Mr. After that another acquaintance came in. the president. and managed by degrees to communicate what I had to say. had only begun again when stepped to a customer. the . piece of paper with some figures on &quot. Good morning was he tell Whereupon what &quot. I attempted to continue. Twice I determined to walk out. when came the who had taken of Not the least notice was meanwhile. and received another side the door. me I Each time before I it had opportunity to utter only half a sentence was interrupted. produced who whispered mark in pencil.&quot.156 notice UNDERCURRENTS me when I came in.&quot. Willard. while he regarded hear just as it attentively I : Go on. other questions to put. &quot. and looked at me much !&quot. and abandon the whole business. Parkinson. President took up a direction. it. bank can give no assurances all to you our regular customers take up we have at ^resent. manner toward me of this man in power. so I remained standing while be . at an apple-woman. But it was not the interruptions supercilious .&quot. a favorite customer. in a word two pieces of paper. Then Mr. and was commencing to back the him I called for. I say. Really. I can in well. who was just out The man returned. on both of which the off. and exclaimed. latter placed a small and he was cashier. &quot. and claimed attention. but I gulped down my pride. calling clerk. Mr. I sat down. After a while he was through there upon he raised his eyes.

&quot. nor malice. and while sense of the still smarted under a keen man s treatment. operations were always going on. and robbed the bank s in vaults. pene of trate the back of a tortoise it was his insulting way regarding me as beneath the slightest consideration. I moment I could ground my teeth savagely together. says the proverb. or set fire to the building.&quot. but between Mr. Breeze. but nothing more. I I may say a compulsory view of the matter. I began to see how foolish it was I become so disturbed by it. :&quot.STREET. Soon it gave way to calmer feelings. s refusal to do business with me will : that might have disappointed me. whom the knew did not keep an account with the Bank of World. boiling over with what ? not rage. A very Then I took a necessary. but with all these and every other wicked passion combined and con centrated.That s all I can say to you. whom and the president pretty large with a pleasant tone.&quot. &quot. passions and emotions which cut me to the quick. &quot. Just then I I ]57 saw a well-known broker at the door. indifference. At that have turned burglar. nor chagrin alone.Walk in. Desperate violence was my heart : what aroused it ? Not the president &quot. nor envy. nor hatred. with an air of con temptuous I left the bank. The sting of contempt. few minutes served to dissipate the force of the storm which was raging within. &quot. Parkinson. Mr. and aroused I never before experienced. Tears filled of vexation actually my eyes when I thought how powerless I was to resent this despicable slight. or throttled the officers.OF WALL. and as utterly insignificant. Indeed could not but remember how I myself had formerly to permit myself to .

and found some poor fellow waiting. it is idle to indulge in such observations. &quot. caused by the ready attention which requests my commanded from this same president with at least civil ? could he not have received courtesy and declined me But why a show of my request in a manner ? The so arrogant. whose interview I interrupted until my business was disposed of. &quot.158 UNDERCURRENTS office as stepped into this very private a privileged and also the numerous and general denuncia .* because but when the attribute of wealth to make people self-confident and overbearing. equal distribution of &quot. property. humble and obsequi ous. turbulent men. EDITOR OP MEMOIRS. who talk of &quot.&quot.. do by en many who have much toward gendering hatred. the right of every one to a home. desires us to refer to the prayer me neither poverty nor riches. Had I not left the bank on such occasions in a complacent mood. It is not quite consistent with the general spirit and tone of the Memoirs. The to the evil must cure how ? altogether. PARKINSON. There is no sin in becoming rich or in inheriting wealth. I be full and deny Who in ike Lord f etc. . but rather in too great devotion to mammon. Mr.lest tions of the rich throughout the Scriptures. and who openly denounce the abominations of a system which makes the rich richer.II/. of AGUK: &quot.Give tkee. We must say we think the remark too sweeping. an unnatural bitterness in this observation of Mr. However. which leads to the promulgation of doctrines that make the rich man turn pale sometimes as he hears audacious avowals from noisy. I Not disheartened * It seems to us there is went Bank of Credit. self-sufficient tone and bearing assumed control of capital.&quot. the poor poorer. . liar As the devil was ever a from the beginning. no respecters of his position. . bitterness. who has just read this paragraph.&quot. and K&amp. so the rich have always been justly chargeable with oppression and it is contumely. and often crime. itself. It is this which helps to create radicals in society. Old and New. PARKIN SON.&quot.

and added. yet abso with kindness. I stopped to speak with him. dull. I and on consulting further decided to attempt this. The cashier. in procuring his ap better acquainted with. with compared with his former demeanor. by the tone in which the pres me to seek if possible some other occupation I .OF WALL-STREET. He pointment. but the sale brought a few capitalists to gether. but changed. although the collaterals left with the bank would not make good the deficiency arising from the pay ments under the assignment. and I saw no other opportunity or means of employing myself. Goulding was there. and the house advertised for sale. however. Without committing himself. through two of the his room. I 159 of the had -known the president less intimately than the president Bank of the World. bat could think of no other with several acquaintances. No pleased alacrity of demeanor greeted the man to whom he owed so much. . the foreclosure suit had been brought to a ter mination. He assured me of his personal respect.&quot. I converse. supported by Bulldog. mental. however. He was civil in reply. however. he lis tened to my plans. What more ident advised could I ask or expect ? I took leave some what discouraged. Passing appeared very busy to very much engrossed the president s had not time room. I went into am pleased to record the truth that he received a difference lutely me kindly. Just then real estate was &quot. Meantime. finally said that if and suffered no one to interrupt me. the board felt friendly toward me. but really he would not advise me to undertake this sort of business. though . he would do what he could consistently. I was Indeed I had been chiefly instru directors.

&quot. I shall give you a long pull. If stoutly re sisted. The mortgage was s thou sand. besides. you have only bitten .&quot. It was the abandonment of his claims on the personal property piece of A by Bulldog. payment and considerably less than three thousand dollars would remain. effrontery Indeed the day after the suits were disposed of. sheriff s fees. and replevin tics. arid even that was to be tied up under Bulldog s injunction. had been too &quot. damned knowing him. something over a year interest. while he at r tacked the validity of the trust to my w ife. when he exclaimed with an oath he liked lie would manifest my for pluck. This w as quite accordance with his tac Bulldog was chiefly successful by making a sudden coup. for nineteen thousand three ! hundred and fifty dollars A little short of twenty thou at least sand dollars for what should have brought five thousand.160 UNDERCURRENTS the spot he seemed averse to acknowledging the Finally the when on connection. Bulldog went out of his way to pass me. house money. and admitted I &quot.. smart&quot. him with the same unblushing in the first attack. he added . eleven or twelve hundred dollars s more. his allowing r judgments by default on the in suits. ful fight. of the year taxes. on the &quot. twenty- The sum which I hoped would be derived fifteen from this house for the benefit of my children had dwindled to an insignificant amount. he was too shrewd a knave to prolong an unsuccess and would acknowledge his adversary had been for too that &quot. though. add the costs of foreclosure. etc. property was struck down to a Germ in by the name of Spink. good fortune befell me about this time. whereby he sought to strike terror into the heart of his victim and compel immediate settlement.

but there was something in the tone which seemed very different from all Mr. 161 own nose off. &quot. to way. to by her as a reserve fund in case the be employed house-money&quot. which were preferred by my express wish to that of Norwood and us.&quot. and endeavored to express my gratitude for what he had done for me. damned These refined observations were made to me. Norwood. and reached a pretty large &quot. hastily the assignment of little When he drew up so after put my personal &quot. ting against This down all the personal Norwood. figure. and with great minuteness. Case.&quot. he added also the claim me by Norwood and Case for professional services. Mr.OF your W ALL-S T EE ET. that after paying the other claims. and Mr. I replied I was sorry. that he dollars in had deposited &quot. However. and to give at the as assignee. Norwood had ever before said. I neither replied to nor have defeated Goulding put me in too pleasant a mood to be disturbed by any such com incident connected ments. I am sorry to say. oft* my friend. five I learned shortly after. bill same time an account of what he had done The was made out in form. and you must not feel I did feel distressed. said Mr. should . while his Bulldog was passing on noticed them . hundred Alice s name in the savings bank. we make bill of costs. I hardly could tell why. Another agreeable episode was a with my counsel. in fact. but the words stuck in in the midst of it my throat. there does shall not remain enough to satisfy those fellows pay a good distressed about it. bill he now proceeded to render. nolens volens. Norwood took his leave.&quot. close to the face too.

I could not do it. you know. That was my plan. so as not to excite : ! To think of keeping any thing happy from you ! Oh ! no. I was thinking how charming it would be to surprise for the marketing. and I would keep my secret. you some day when you had no money Just as you were beginning to shake your head. &quot. that listening to my beloved I child. forgot every misfortune. papa. Look your suspicion.&quot.Really. on any occasion happen to Alice kept the secret from me just twenty-four hours. in which I should have ten dollars. you your surprise. I would produce my purse. to enjoy it again and again. and to feel very bad. not suppose. and I would say and then I should enjoy see that do here. and could even bless the severe and untoward destiny which had developed such filial Do you tenderness? . she could contain herself no longer. reader. but I could not carry it out. papa. only ten dollars.162 UNDEKCUIIKENTS fail.

If you asked for particulars you would be answered only by a fresh application of epithets. I recovered. Old plied to him. and on one occasion we were passengers together in this same vessel. and sometimes stopped to speak with him. Rip. was guilty of. were adjoining. when nobody was poor. and disappeared from business circles.Roscoe. Old &quot. Scamp. I had IV. were freely ap I never could learn what Solomon Downer &quot. Our the packet ship to Liverpool. Besides. known a man in my old busi ness. SOL DOWNER. &quot. name was Downer Solomon Downer Old Sol.&quot. for my heart warmed toward the man. but after a while found his way into Wallstreet. 163 CHAPTER MANY years before. . brought back the recollection of my early business life. he never did.&quot. stores &quot. Later he could be found in Wall-street.OP WALL-STREET. we both had broke. and the terms. prior to 1837. and I used to meet him frequently. and of the prosperous days before my first failure. and almost every one was making a for and it tune on paper.&quot. Old Knave. This person failed. where he turned his hand to any thing and every His thing out of^vvhich a commission could be carved. and he was known late in the street familiarly as His reputation of years had become considerably damaged. because we had been neighbors .&quot.

will find out. He stepped down to the side I thought he up. and you ?&quot. ?&quot.&quot. looked rather more gaunt than usual.&quot. &quot.&quot. see that the man So lived a life as if always under martial law. and we shook hands. ?&quot.164 &quot. and frequently entered into conversation with him when oc casion presented. not exactly bitter. had been though. He keep said he stirring.Must he contin- . but keen and sharp. Notwithstanding these severe observations. He had a shrewd biting manner whien he talked with you. kept under. walk came I asked him how he was.&quot. I continued to exchange friendly greetings with my old acquaintance. lest humanizing qualities they should afford an exposed point to the were enemy. So you do not know any thing about him I know enough to give him a wide berth. for after my conclusion to take an office in Wall- the purpose of acting as a broker between parties to sell notes who wished would buy. &quot. and his face thinner. &quot. of perpetual alert in constant One could ness . said one. Why not &quot. Give him a note to sell. Some days street. ?&quot. &quot. standing near the entrance to the Bank as I of New York. &quot. UNDERCURRENTS Wouldn t tail. Did he ever swindle you Me do you think I would give him a chance Or any of your friends ! ?&quot. ill for two or three days. &quot. and those who north-east corner met Solomon Downer on the of Wall and William streets. &quot. trust him as far as I could swing a bull by the &quot. I and acceptances. and all ex pectation of an attack.&quot. My friends are not so green.

you ve r/ot . muttering swindler. it s no use .&quot. &quot. with me. : &quot. am weary of worn out don . I to ? distress-warrant served this morning at eleven if I my furniture will be turned out by I three o clock Sol. &quot. it don t make much ence where we Plessis came do to me the other day with the horrors: folks will have them. to give three. you know. says he. t raise the money used up for the landlord. can &quot. t * go on any longer. How do you like Wall-street I asked. Sol. 165 a &quot. and asked some ques &quot. he Oh I like fiercely. . what am . differ We are. kept was going to have the money. and if he comes Yes. I don it . ! continued. How do I LIKE claimed almost he ex how would you like HELL it well enough.&quot. was the answer. Solomon Downer resumed his conversation &quot. &quot. &quot. though I have had to man promised to meet for a note : me here at two. Wait a few minutes. was handed mine into your hands very soon something which sounded like old .OF WALL-STREET. if he had made no previous answer all &quot. .hunger wont wait. &quot. ued . ?&quot. to him.Guess me waiting all day. man since two o clock. it !&quot. . Where is my note ?&quot. Plessis.&quot.&quot.&quot. as if for the he had experienced no interruption.Not yet. me the money now it s ten minutes to A person here ran up in tions. &quot. I have waited now he wont do me any good not in luck to-day. just as well enough. t be discouraged. get along. saya I. &quot. Why. great haste.&quot. Few .&quot. you wont get another of and off he ran. My GOD.&quot. minutes be damned ! I tell you I shall be pro tested said I It you have deceived me. do ? But what shall I I must have the money. yes.

those long evenings. &quot. earnestly. my arm. and caught hold of &quot. in Par kinson. I swear I don believe it. active . You see Plessis Thereupon I rather bluntly toughened announced to as I have my companion that I myself entertained the idea of engaging in a Wallstreet business. eager in pursuit ? bah now look at ! Well. Solomon Downer turned square upon me. that&quot. but you have not come to I nodded. perhaps. but do you recollect among other things we both said we never would stay in a place where me. ha! Don wasn mind Take to it quiet ha. hopeful. you. ha. &quot. I knew of your failure. but \ve talked wisely about misfor landed. so forth. nevertheless.&quot. do you remember how once .&quot. If I was with GOD forgive Well. I say.&quot. tune. I have broken the me you look we esteemed so judicious : beware you don I said. never mind. and honest. company we made a voyage to Liverpool both of us young men . 4t t break &quot. fresh in feeling. We had pleasant times after we remember right your wife he continued.&quot. Parkinson. been. it. and you look on the gloomy . You have been unfortunate here side. to go I never new a. ha. ha. . man t t stick yet it. said Downer looking at me &quot. sure to be kept a it moving ha&quot. We Every thing was gold in color then. t Taint so.16t3 UNDERCURRENTS on. be thankful. I guess ? Do you remem ber how we used to talk together.&quot. resolution have you lost her ? I was about to say. and we should fail. educated to business. try a did not either of us believe new field. to strike out somewhere.&quot. we had hopelessly failed ? We agreed it was the only way.

know they do you good many things which . and in a careless &quot. affect His advice did not much cided. for both sides are gloomy. Now cause I have fought beasts t at I can get out of the den. and no larceny committed either. Jones gets up a corner in and a stocks. said will change your decision for any thing I can say. should you ? why Folks call me a rascal. Lewis don t get hauled up by the police because he keeps a man I keep. who just steps in to try a hand . if you come among us. in order to squeeze an extra percentage out of him. be And you want the grating !&quot. before giving him the money he till five knows he is bound to have.&quot. but Jones is not sent to BlackwelPs Island. Downer know it after a pause. would not bear minutes before three. I manner suppose I do a clerical criticism.OF WALL-STREET. or be plucked bare. opened to let you in ! Well. &quot.a plan recom mended by judicious persons ? . I had already de with his why should the words of a man soured destiny overturn a carefully considered plan. Ephesus from self-defence. good luck to you and Sol Downer turned and and started rapidly away. beggars Smith. me. poor outsider. in strange : contrast with his previous too. tone. 167 t I do. I don suppose you Indeed. Parkinson. I but I adapt myself to the and so must company you.

schooling. market-man. A roll of car peting. in consequence of its of a large suite. butcher. gas. and a small table . was placed in the centre of the door. my small shallop on the sea of Wall-street I was to put in the market my business ities for experience. beginning with three hundred and fifty dollars. omnibus. clothing. mate industry children. pewrent. I was fortunate in getting in an excellent locality. was I added a desk and some chairs. and going through every item of household expenditure grocer. occupied by a new forming the smallest coal company. A neat gilt let tin. water. which having no use for this. bread. I in this way enough to support myself and my had counted over and over the probable expenses of our &quot. milk. and at a comparatively moderate rent. gave it to me at a bargain. Alice availed herself of each week s experience to make some improvement whereby we lived a . and my facil negotiation derived from a large acquaintance with I felt confident I could earn by legiti the mercantile class. fuel. nicely fitted to the floor. CLOSE CALCULATIONS. my aptitude in affairs. establishment per annum. which remained over at the auction unclaimed. on which my name was modestly printed in &quot. and thus I embarked life.168 UNDERCURRENTS CHAPTER I V. one servant. TOOK a small single it room for an office.Rent.&quot. ters.&quot.

does it. I don 8 t. besides paying the rent of the To do it I should have to make five dollars per day. all to come out of the bills receiv able. a bottle of cigar. receiving. a few hundred doUars wont make much differ- . or a ride. new book. and without any great regard to the bills payable nay. You dip into the general deposit. occasionally will say if &quot. one day with another. and your wife has hers. selling. and This was what I undertook to compass. paying you are not apt to distinguish between what be to longs you and what to your creditors. If I succeed have myself heard it it will be all right . by the of my intelligence. Fifteen hundred dollars a year does not seem a great deal to you. With and fifteen same sum. That was about lars thirty dollars a week. Could I earn thirty dol office ? each and every week. and help yourself to a living more than : you have your pleasures and your luxuries to pay for. and my acquaintance most making decently. if you in mercantile business.&quot. should be forced to bring your expenditures within your actual profits. who are just embarking with some capital and a good credit ? You are just married. first struggle was to live. or reduced the amount to be hundred dollars. extras . some of you I : Never mind. with business and business men. while on your part this is generally mere thought that. more. and you have no idea of limiting your expenses to so insignificant a sum. Alice I we could get along. : lessness. calculating very concluded closely. or a week out of town. wine or a live No. my young friend.OP WALL-STREET. a No The allowance here for &quot. little 169 better on the expended. who knows in if you would exceed that sum ? Actually embarked aifairs buying. have you ? Yet.

and early fruits with its usual heats. to the adoption of the rule : Earn before you had none. It relieved me of a most unhappy ap ill. unprotected. while I was endeavoring to decide what I should . in the last dishonesty. &quot. your available and three-fourths the troubles and cares of are from a violation of it. but I was the possessor of five hun It was dred dollars. that I girded myself to the task of earning five dollars a day. I was forced eat.&quot. prehension of what might befall us should I be taken and be for a time unable to earn any thing. and it I shall have had the good of it !&quot. Unfortunately I had when a young man neglected to insure my life. and the knowledge of it was a source of great true Alice satisfaction to me. sending away from the city those who can afford the expense of thu re . laxation. and to feel a courage which I expected never again to regain. that I began to yield to these precious influences. I could have wished for a little leeway. It was with considerable confidence. then. .afford to pay the premium on a comparatively moderate sum. owing entirely to her good taste rent. shut out from the world. To life live within means of all is the most sacred of obligations. The spring had put forth its early blossoms and green leaves summer had come with its rich flowers and foliage. the arrangements of our little house were so complete. too. and at this advanced period I could not. I strove therefore with I must not leave these three children energy to not die. and making a blessed heaven of our home. and assiduity. and officeAlice was so cheerful.170 ence in a dividend UNDERCURRENTS among so many. we were all of us so happy in each other. In the first case is inexcusable improvi dence.

&quot. Every thing pointed to a promising fall There were various indications of considerable spec and among mining and ulative action in the stock-market. sure. nation &quot. yet genial air of a it New York autumn how welcomed the returning denizens of the glorious and made the pulse beat with a renewed strength. You ll make a fortune. It was late in the month of September when I did determine. . trade. &quot. as already narrated. if you keep your eyes about you. The streets once more assumed the appearance of great is ! animation. on going into Wall-street. Once more the genius of the Yankee to display its restless activity. The equinoctial storm had passed.OF WALL-STKEET. you have just hit said Lecount to me . railroad companies. 171 betake myself to for a support. The bracing.&quot. couldn have chosen a better time. it. The effects of the past calamitous season were nearly effaced. was beginning t Parkinson. town.

people firm and its who were familiar with the name of our extensive operations. float and required only a thousand dollars to enable him to Another had an improvement scheme at a company. This last man wanted but a hun- . One man had a plan for fertilizing the vacant at lands on Long Island. for estab Hoboken. the outsiders thought so. SPLENDID OFFERS. who entertained the idea that I held. surprised even me.172 UNDEBCTTKUENTS CHAPTER it &quot. There were a good many. Each of these enter to give it prises required but a little money an effectual fortune was foothold. VI. and a fourth brought me a prospectus soap out of toilet lishing a society for the manufacture of the choicest common bar. quainted with particulars. my wife left a large property which The schemes which in consequence were presented on making my appearance among the opera tors. but who were not ac too. who was presumed to be well up in all that was going on if I in the city. the impression at the same time generally gained ground that the said Par kinson had money at his command that is. Parkinson was street. going into the as the phrase is. and in twelve months sold for at least five hundred dollars. Another owned a coal mine in Mary land. which he said could be bought up ten dollars an acre.&quot. and would make the advance my assured. was understood that Charles E.

were anxious to make a fortune lieved they certainly and who be would do so. it was out of line. and their eyes brightened and their faces gleamed when they spoke of vain I told it. 173 and if I would raise it I was to be an equal partner in the business. Sometimes I was inclined to envy them the brightness of their prospects. Very com culti fortable. and . No rebuff nor discomfiture affected their spirits . all of in them. They were sorry. . the buoyancy of their hopes. with a permanent profit insured to me for my share. who fastened on me as clime are said to assail new-comers from the north. at mosquitos in a southern Persons first my age are inclined to philosophize. and in no sense sharpers or knaves. where lands could be had acre title for from three to five cents an had begun that year to tempt adventurers. There were also projects on foot for bringing under vation the vast and unexplored regions of Western Virginia. was at first completely surrounded by these various ap plicants. that I could not see the thing as they did it was had no money. my They knew that I knew where money could be found. the good day Avas surely coming. They were in the main people who at a stroke. and what matter how I made a fortune if it were I them done honestly ? one happy stroke.OF WALL-STREET. and the elasticity of their natures. dred dollars. and besides. and the con clusion I arrived at was. just as soon as their scheme was taken up. one single investment. well-meaning enthusiasts. and there were many schemes pre from the state ! California sented for I traffic there. that the majority of these individ uals were honest. of just ninety dollars a week.

It its cor operations. are put in possession of another much more promising. expensively with every appliance for facilitating transactions in their stock. which the company very neat little held their meetings. entered. discouraged a comfortable independence would be secured remainder of prospect in by no disasters. one side of this was a the president on the other side was the room which had been rented to me. You passed on along a line of coun in until you reached room number two. ters. the most sure. and who live on under the . that I received an invitation from the . but they reap profits are all benefit from it. who are every thing they undertake.174 UNDERCURRENTS to me for the who see a golden my days. I who have already mentioned that the room I occu was of a suit taken by a newly launched coal com one pied pany. This company occupied three apartments.&quot. the desk. The absorbed by the capitalists. apparently occu pied with the books. encouragement of expectations the most brilliant and results Sometimes people of this class chance on a little valuable thing. As you &quot. from appearances there could be no lack of sub was therefore with some after taking pos considerable surprise on the session of first morning my office. just as one project fails. fitted up. Happy men. fashionably dressed. But it was not the class of harmless visionaries alone beset me. The Concordia Valley Coal Company such was porate name was evidently preparing for large certainly scriptions or of paid-up capital. whose ardor is damped by no disappoint ment who. office for On . first object which met your eye was the transfer behind which stood a handsome young man. while they just as eagerly as ever set about some newer enterprise.

those He was one of who always seem same time cares to manifest a magnetic appreciation is of the position of every person he brought in contact with. frank. to proceed to New York and I report to the accomplished gentleman in whose presence was. a section of the remarkable mine Here was presented where were toiling eye. besides a full supply of smaller furniture displayed around the room. coal. and only waiting for the balance of the freight. with an arm-chair to match. On one side was a handsome lounge covered with morocco. very handsomely but not foppishly dressed. on the other an expensive desk. asked me to be seated on the lounge. and. if I may except a rather prominent display of a heavy gold watch-chain. His manner was easy. conveyed it to several first-class steamers. and the presumed annoyances As we came into the room Mr. which I found admirably carpeted and fitted up. showing with pictu resque effect the practical workings of this particular com pany in the famous Concordia Valley. Tremaine closed the door at the and to enter with an active very carefully. itself. The gentleman himself was in perfect keeping with these surroundings. and off-hand. He might have been five-and-thirty. getting out hundreds of men. and which lay at a fine dock near by on an expansive sheet of water. all visible to the naked An expensive double -track railroad received the prod uct of various tram-roads. and several smaller ones. 175 fol Accordingly. I lowed the gentleman into his special apartment. president to step into his private room. There was a handsome map of the Concordia coal region on the wall. the property of the company. with steam on.OF WALL-STKEET. as per map number all two. wheeled . sympathy into of each.

crossed his legs. structed Sewall (he To be was perfectly frank with you. Mr. Tremaine confidential&quot. Parkinson. statement and wait quietly what was Now. Mr. then bring ing himself to a stand-still. So I .&quot. &quot. close to me. he &quot. he began I wished to talk with you about the interested in prospects of our company before you become any other enterprise. with an arm resting on each arm the conversation. swayed himself gently once or twice about the segment of a quarter of a circle. you can hardly fear the effect of so direct an at and as I avow the truth tempt on you. because I wanted you near us. you.but son. We have But got on thus far better even than could be expected. of the chair.&quot.&quot. dential. It seemed to me was a proper time to inter rupt Mr. communication. so frankly. &quot. you into our consultations. we must now make an extraordinary effort. UNDERCURRENTS which worked on the rotary principle. since it has given you a very cheap rent. Tremaine paused. For myself. and it is on this point that I wish to bring course. Mr. air as if to give additional force to his I could only of sincerity.&quot. &quot. he continued. is Of you I will consider whatever said as strictly confi am sure I can rely on as if this s &quot. Mr. and I am sure you will excuse the little stratagem. commenced Excuse my . I wanted to reap some benefit from your great and varied business experience. bow for a pleasant acquiescence to his to come. Parkin laying hold of you thus early.176 his large chair. I in the broker through whom I rented little my office) to give you that room at half price. Parkinson. you understand the difficulty in starting any valuable enterprise.

it. 177 stopped him as he was about to proceed. Parkinson. Tremaine. posed to draw in any human So you will at least give me a hearing. Do not : Really.OF AV A L L -S Til E E T . no. further explanations of Mr. located within three miles of navigable waters. The coal was of the best qual so good that the into a contract to Cunard Company was ready to enter take their whole supply from the Conas cordia Valley nish it. or more of your time than you are quite willing to bestow. &quot.&quot. appeared that the capital of the Of this. even if I were dis being. Thereupon Mr. my was proceeding still further. which the proprietors generously put at the very low sum . company was two millions of dol one million four hundred thousand dollars were represented by the seven thousand acres of land. I had detemiined to adhere to a single business had positively no money to invest in any time must be devoted to this one. that I should begin with an old. Do you think. not quite that. to which by an easy and level access a railroad could be ity built at a small expense. you suppose for an instant that I have the least idea of presenting any thing to you which shall take your money. and GOD knows nothing is further from my thoughts. and proposed to myself but one way to compass . Tremaine in his turn interrupted quite mistake me with me. experienced New York merchant ? No. when Mr. Mr. and began to ex in plain that in coming into Wall-street I had but one object view. Company soon as it was ready it to fur From lars. I and since I enterprise. Tremaine went on to explain how the I am sure Company had control of seven thousand acres of choice bi tuminous coal lands.

and sufficient of the two necessary. since it would not do to let the small brokers. mation. who were intrusted with the purchases and sales. dollars Three hundred thousand were appropriated as active capital for the building of the railroad and a wharf. on the street to make the company per and the projectors rich men. Tremaine. so every transaction cost the least one-eighth company at per cent. It was further explained to me. Tremaine admitted was rather expensive. and opening the mine. was the only way.. and coal actually sent to market! The mo was reported.178 U N D E II C U 11 11 ENT S of two hundred dollars per acre. that the stock of the company was already quoted at the board. the railroad this could be built. Parkinson. who was to be interested in the future operations. a dividend could be declared. Indeed. into the secret. in the strictest confidence too. considerable transactions were carried on from time to time. and the stock allowed to fluctuate two or three per cent. and sometimes a quarter. with the hope after a while of getting outsiders to take hold of it. for But was not long to remain after Mr. and that as a matter of policy. pense. I think I have succeeded in satis- . Mr. traffic ment millions launched fectly easy in its transactions. could the company now raise the trifling sum of fifty thousand dollars. : continued in this wise 44 Now. and the remaining three hundred thousand dollars were 4eld for a reserve fund. through the influence of one of the members. if out of the reserve stock. it Up own to this point did not transpire what was to be my special agency I in bringing about so pleasing a consum in ignorance or sus one of his impressive pauses. Still. This Mr.

dear sir. for which you shall raise us ten thousand dollars In other words. we did not want your money. The lands are worth all that is claimed for them. And you must we be convinced that when we can readily divide from ten to fifteen operation cent. why have not the capitalists taken hold of it it ? My dear sir. But. but they would stand that .&quot. I have just explained to you that I &quot. we can t quite we required in half an hour. The company will guarantee that every dollar money shall be employed for the building of the and you must agree not to put your stock in the mar ket except in conjunction with our the usual way. pro rata. I could raise what money lion s share insist on the you know it is so and lick up all the profits. you &quot.&quot. you get your stock for ten cents on cash. liver the coal in We know just what it costs to de will bring on board the steamers. no. . it 1 79 is strictly a legitimate one strict can stand on its intrinsic merits. help to raise the necessary funds that I will issue to you our stock. of this road. know. the dollar. on our per capital of two millions. Now. Tremaine. No. my full are in object you is to interest you in this great enterprise. and leave us just where we began. if such are its advantages. lying you that our enterprise thai is.OP WALL-STREET. and what it New York. And interrupted Mr. assured you that But you have a large circle &quot. have no money to invest &quot. own operations. and on commercial principles. my I. but we are willing to divide fairly with those ant! my proposition . Perhaps will say. The expense of transportation can be calculated to a penny. I repeat. a hundred thousand dollars of who is. do you think I would present to them f Why.

but I can that is t help it there it We have got the lands the point. so in the great is by images of shady groves and desert which poverty creates.180 UNDEIICURKENTS who now will at of influential friends. rather hun dred thousand dollars at ten per to the capitalists. The quiet but very conscious abandon of mamma and her daughter. Why. We are tenacious in our memories of past good fortune. will be for you. happy to take a thousand or two dollars is be only too par on your recommendation. and see what a ed man brilliant stroke about. and en joys in prospect his seasons of ease. Parkinson. and sees on the av enues. as too good. I know what you I are thinking &quot. and we are willing to dispose of five cent. the . it as no doubt you can raise the whole money sum working. . The man who has lost his his old acquaintances driving out for an ailing property walks moodily along of an afternoon. in something fascinating and most pleasantly bewildering in these charming schemes which promise so golden a future. As the weary and thirsty traveller in the Reader. know it. continued this frank and earnest-heart . there is desert is constantly allured to various quarters of the horizon cool fountains. annoys and irritates him. Parkinson. Mr. the affair strikes you is. The very posture which these people innocently enough adopt.&quot. you have it all in do not forget. than give up We shall still retain the three hundred thousand dollars as a reserve fund. the strictest confidence the strictest confidence. there ever present the same wonderful mirage where the poor wretch sees again a happy home and the return of life s pleasurable luxuries. Mr. Now. I have in a week .&quot. and are apt to be des perate in our attempts to regain it.

the more practical and pressing requirement of five dollars a day rose up to view. while the coachman. carriage and horses are in perfect keep Well. and recalled me to myself. magnificent tableau. and if any question arises. 181 not easy but entirely self-satisfied air of papa. what ing with the pose of master and mistress. Tremaine fell on my ear. &quot. hear them and I am certain I can fully satisfy I had recovered myself. Tremaine fell once more on my ear. revolving swiftly.&quot. I perceive. dividend ! A clear rental of nine thousand dollars per annum ! Why not ? The most successful enterprises are from small and difficult beginnings The bland tones of Mr. But while I had too much sagacity not to under stand the absolutely chimerical nature of these propositions. that you are carefully considering Don t let me press you to a decision take this matter. I did not decline his proposition I . Parkinson. : time and think the affair over. me you.OF WALL-STREET. or any objections to the plan occur to you. so much do we love to cheat ourselves with : some sweet even said I delusion. dollars a year dividends Instead of the nine thousand from coal stock. as he folds his arms and looks with careless unconcern upon vacancy. Ninety thousand dollars of the stock ! Ten per cent. and venture much to regain their lost position ? what won al lure der that they desperately grasp at the phantoms which them with promises of renewed fortunes ? While the last tones of Mr. the room seemed round and round. Mr. yet. but grow ing larger and brighter each revolution. let frankly. and the maps of the Concordia Valley Coal Company were converted into to dance one grand. wonder that the unfortunate are willing to attempt much.

.182 UNDERCURRENTS it . would consider as if I at and I sort a left Mr. Tremaine s office feeling was in some man of substance. and a considerable stake regions of Concordia Valley. with an option in the valuable coal my disposal.

&quot. clare. in &quot. where I pushed ming this minute. : stead of a grown-up girl. how happy I am favorite she me into the a air. Alice ran to open the door. THE USURER. My honestly grateful to moment w as supreme. papa ?&quot. Alice. Ah papa. to hear &quot. Patience : it Avill take a week or two at least for me to get to work. after my first day s trial. all open to who choose to cultivate the treasure. How much have you made. table. was seized by the two younger felicity at that r children. in a confident tone. she exclaimed. What binds us to our children . 183 CHAPTER RETURNING home &quot. and then you may expect that. what binds them so to . I God w ho had so ordained it. the best dinner you have had is for a long time honor of your commencing ready and hum business again. room. like the riches of free grace. that afternoon. r and dragged to the was. It is in ! !&quot. something. VII. that is the wealth of the heart. Never mind. I kissed her.OF AVALL-STKEET. ! What a goose I am But we have been talking I ought to have known so much about Wall-street that I suppose I was calculating on your picking up money there. and answered cheerfully as possible I de one would think it was little Anna talking.

from instinctive attachment. but selfish people can t be made to un derstand it. neighbor with kindness and always recognizing what is good in him. attempted to command more all or less palm off on me sorts of worthless paper. unless very shrewd and seduced experienced. where a the lender. by the unscrupulous and sale the desperate. they attempt to borrow a comparatively small sum on a large amount of quently. or rather of runners. and trying to help everybody in every possible way ? Delane says it would nt pay. as is called. aside little. what a change would come over the form and habit of this It would not be a bad state of things. it would pay in the long run. where every man regards good-will. but Delane is mistaken. would old world ! it. secured. circle of be extended outside the our homes. if I may use the term. is and charitable toward anything which ]SToWj could this the reverse in our conduct or dispositions.184 us ? UNDERCURRENTS It is. which makes us alive to whatever is pleasing. Most of my readers are doubtless entirely ignorant it of the various expedients employed to raise the wind. which amounts to but because we regard each other always and inva riably in the strong light of affection. and his is always considerate toward what it reprehensible ? Would not seem strange to see everybody turning short about. who. But the auspicious day never arrives. I soon found myself beset with a crowd of the smallest kind of note-brokers. believing that I could cash. or acceptances . Fre would be impossible. and his heavy notes. . &quot. and good. being by the great margin into the belief that the loan will certainly be taken up. shave&quot.

It may seem strange to you. the trouble. Their time is occupied in making cent. Such invariably charge two per cent. while lower grades are difficult to negotiate. lie . and in haggling about the rate per if You will can to-day see these persons. some person who happens fied of their position. collaterals. and you will not be disappointed. Meanwhile I had myself something to do besides beating off applicants made for my supposed capital. but immediately procures a fresh sup ply of &quot. these people let me alone. takes no further trouble about the loan.&quot. and thus accumulate large fortunes. and depend on the brokers finding to know the parties. so obscure that he may with im Finding after repeated efforts that nothing was to be out of me.&quot. is I found after considerable obser vation. that there are men who spend their whole lives in Wall-street. and from that up. They come in early and go out late. but it is nevertheless true.&quot. you and will take I predict behold what will deeply interest you. individuals in Wall-street who seldom purchase any thing better than third-class paper. however. taking pains to inform themselves specially about it. a month. Wait a few you moments near this corner. for the signatures cost him nothing. that what called first and second class paper is readily disposed of at a current rate. and is satis There are. There he comes. executed perhaps by some relation who under age. reader. or some mythical personage punity defy civil process.OF WALL-STREET. and who do nothing else but buy notes. fresh inquiries. paper. to station yourself on the spot. passing thoughtfully along the street. being is &quot. 185 The operator having borrowed three or four hundred dol lars on as many thousands of &quot.

&quot. and watch the arrival of others of these paper-sharks. two in one of the many small note-brokers which abound. in the very curl of the signature. his chin angular alas ! his cheeks his lips wooden . he will catechize half an hour. his mind he has no longer any mind. time when he was a child. he the paper. playing as other boys play when he married that tender young and whom he has girl. No . to large capital. his eye has be . but in place of mind he possesses an instinct so made&quot. just as you are expecting a check for tells you quietly he does not want This person sympathizes with no attribute left. seat you wish to see more of this sort. come stony rigid . paper subtle and acute that it will detect a piece of &quot. stony nature ?&quot. hear and see what new offers. . go and take a for an hour or offices.186 UNDERCURRENTS man laden with has the appearance of a at many cares. since killed ! by his hard. Look worn him ! He is respectably encased in a moderately suit of black. . he never does Such terrible compensation does PROVIDENCE exact from If this entire surrender to mammon. how rayless and emotionless Go to this man with something which does not exactly suit him. solitary moment. . never. perchance during some wakeful hour by night does he never think of the . They come in hungry. to whom he promised so much before heaven. it is As ! to his soul ah! GOD. His head inclines forward his nose pointed . in some silent. when. He has not a single human Does he u you ask. human being. They have a . or later or when he was at school. you which nothing but a great hope of ultimate success induces you to tolerate. eager. putting questions the desired amount. sharp. and learned to lisp his prayers. and repeat his little hymns . &quot.

For he mers speculates not out of the risk he runs. invested in notes. am of opinion that its money should command. drives the trade of usurer has been branded as ignominious from the earliest history of civilized transactions to the present time. . or represented by securities. till Death.OF W ALL. by usury and unjust poor. should paper with. who always wins I and they are cut short in their cold-blooded and wicked work. It interferes with his plans.* There is no occupation which so darkens all the soul.. as that of the man who accumulating by usurious I speak from what I have seen and known. But it is not market value which the note-shaver takes advantage of. be required to buy more They are always mousing about to pick up the it note of some good mechanic.&quot. He that train increaseth his substance. reasons is who they know for certain hard-up.STREET . blunts the affections. he shall gather xxviii. overtakes them. the man who necessities. like any it other commodity. but out of his custo It is an undeniable fact. and retains all that is selfish and devilish. Thus they drain the profits of the industrious day. it for him that will pity the Proverb* . other . devotes himself to * &quot. shuts out that is human. they and compounding their day after work at their disreputable business in the end. 187 perhaps hundreds of thousands of dollars. S. and cannot be the subject of sale. and who is willing to bleed freely rather life-blood than to fail in a contract. yet is unlike any since it is the standard of value of all commodities. market value. but only of hire and the rules which control it depend on many contingencies. which can be converted into cash in twenty-four hours. He detests a market. . which prove unfortunate for the borrower.

. chases of commercial paper. The banks too in easy seasons were bidders. I was the habit of many of our best merchants. But between the better grades of paper and the poorer a great gulf is fixed. who regarded them as his con Then there were capitalists who usually invested stituents. as favorable opportunities presented. The first. to buy first-class paper as Pursuing found it an investment . whenever they had more money on hand than they had occasion for. goes at market value the rates. in stocks. as I have said. such merchants generally made their pur chases through one broker. for cut-throat affords rare chances . latter having no market value. or bonds and mortgages. yet who from time to made large pur time.188 UNDERCURRENTS my inquiries.

greater intimacy with him. 189 CHAPTER VIII. coming into my if office a little past eleven o clock. I looked at the note. I lie met him rather avoid ed me. At any this did not feel inclined to cultivate a it. and found it was for over four thou- . ner as an unlucky associate. I found him standing in the centre of the room. Whatever there. was the sea on which I was to adventure . AN UNLOCKED FOB OCCURRENCE. but I thought rate. will divide the commission. did. I don t know why. but approached in me and placing a note over to the my hand. exclaimed . : Take that and we Bank of Credit they ll do it for you. Solomon Downer took hurriedly as I entered. I repeat. SUCH. then. as I impatient for at the my return. after a few moments absence. or having earned a single dollar. &quot. it was. and thought of my ill-success during the week. Perhaps I had formed some inchoate resolution to rather avoid Dow sight of him. It is several times. and Saturday morning. I I believe was annoyed no notice of at seeing it. and perhaps he perceived On Saturday morning. him stand If it and my countenance showed it.&quot. but was annoyed Perhaps I remembered our last conversation. which would complete my first week week true I in the street. I During this had had no conversation with Sol Downer.OF WALL-STKEET. found me without having made a single negotiation.

He looked at it. I know know sion. although I I rec ognized the endorsers as highly respectable. as I got near the stairs : Try them is six per cent. I handed him of paper. was my &quot. Parkinson. the bank. and this A 1. said Downer. &quot. Mr. By time I fully understood the matter.piece president was fortunately in.&quot. if the bank does know I suppose I colored at this stantly added in a milder tone rough answer. ran after at me. you don t. that the Bank of Credit has plenty of money. That this s but a trifle. you. and a quarter per cent. and turning. the little The &quot. : haste.&quot. I do not know the paper. can keep this note just fifteen minutes and no longer.&quot. for Downer in For heaven s oake make &quot. said my what the devil has that to do with it ?&quot. sand The makers hesitate I did not know. : We will pass this for . it over to reiram the endorsement. and called out. and said quietly Parkinson. &quot. yet having a sort of confidence in the unqualified assertion of Downer. started off immediately for Downer &quot. not quite satis fied I was going on a successful errand. Why do you ?&quot.&quot. and no mistake. reply. turned &quot. since I was not ac I quainted with the names of the makers of the note. I believed it would be acceptable. who saw &quot.&quot.190 UNDEBCUKREXTS dollars. visitor it and impatiently. It is offered at seven per cent. made no haste to carry out his suggestion. commis but it s quick done. that s all money s worth. saying. too that this is I I just such paper as they want. I must make a little money to-day. Supposing &quot.&quot. walked rapidly along toward the bank.

bank. however. We will say six and a half. that something of my old influence was at any that the president regarded me with especial favor and kindness. less discount &amp. with the money my &quot. He will tell Thereupon he &quot. But when money is in demand. In ten minutes I was on in my way back.OP WALL-STREET. ought to have remembered that when money is abundant the faces of bank officers are wreathed in and stepped to the discount-clerk. you the amount in a few moments. came back.Yes.m&amp.At &quot. Have you got he exclaimed. The gratitude I felt toward the president was extravagant. while I went round to the clerk s counter to wait for the computation. will have calculated come back it while you were and we can then divide. unbounded.&quot. hand. . In I had conferred a favor on the truth. I and they seem to be your fast friends forever-and-a-day. &quot. remarking. I cannot describe the almost delirious happiness of that moment. and resumed his occu pation. elated to look at the affair in that light. as well as receiving one myself. 191 six per cent.&quot. and when they had idle surplus funds.&quot. . &quot. but I knew they would jump and I -Here. rose. myself rate. presently. &quot. by taking them a prime note But I was too much I flattered left . wonderful is their altered demeanor strange how they forget you.?&quot. ! you don I t say so . it ?&quot. T found Downer pacing up and down the room in a state of great We are weak creatures. just give me the amount. said a word to him. Good GOD at it.n&amp.

Considering poor Downer s unfortunate reputation. nine dollars and a quarter.I wonder what that famous house would say if they knew I &quot. sat down. took off his hat. and which on Downer larger this lars. one how did he come by a first-class Who which any banker would be ready would employ him on such a service ? These thoughts to take ? were passing through my mind while I was busy ascertain and which his return in ing the profits of the transaction. still much excited. t Wouldn you like to know how I got hold of it ?&quot. I was in the midst of this pleasing computation when Sol Downer returned. It looked than the four thousand four hundred dol ! which I had surrendered The quarter per com mission amounted to eleven dollars and ten cents. . return we were to share. and the difference between seven and six and a half per tal. observed. To eighteen dollars and fifty cents. Meanwhile. was a four months note. and with his handkerchief wiped away the on his forehead. He came in.192 UNDE EC U R RE NTS I Thereupon handed him the required sum. I had negotiated one of their notes? and he laughed significantly. I could not help feeling that there was some mystery about the aifair. made no reply. with the appearance of a man who had ventured on a great risk. How much cent. cent. My half. have I as just terrupted. was seven dollars and forty cents. note. I sat down s to count the treasure in hand. perspiration which stood thick &quot. he asked. and he ran oft at great speed. and had had a narrow escape.

Parkinson. &quot. it. deal before he will let But finish your story. Every thing was in confusion. very possible. ! &quot. you. Of course I was the vagabond abstracted The young man was saying . so I if went in to Brest and asked them they had any big notes A 1 houses. 193 Yes. a will resort to. and found I could get a it. and I must take home four or and Company of s. permission even to look at the paper only at the Another minute a police-officer would have been on my . Certainly. in fifteen I told man I would return minutes with the I brought money. You know what work of it. and to &quot. tell you the truth. and when you come to be driven from one corner to another. &quot. It was Saturday. and a young man who the paper.STREET. away the note without his knowing Good Heavens it is not possible. list. &quot. I We did make first-rate s was absent from Brest and Company just twenty minutes. keep from starving. as I knew an individual I who would saw the like to invest four or five thousand dollars. out of the young besides legal interest. to man will venture a good women and children go hungry&quot. you will be surprised ! Oh it is what expedients you Yes. it. five dollars. who had he gave me no list. Wasn t there a storm brewing up there ? Fortunately they had discovered the note was missing only five minutes before.&quot. for I offered I stood by gave me permission to look over asked the best rate for the note I brought the knew Bank of Credit would discount it if by a respectable party. Well. &quot.&quot.&quot. took place with you.OF WALL. quarter per cent.&quot. I had got desperate.

I Criminal offence Do you suppose. Here had pre is (I and here pared it while you were at the bank.&quot. I stepped UNDERCURRENTS coolly in with influence.&quot. In this I partially succeeded. did I not over ? Wait a little. I would have failed to run back with the note? hasten to hand it And having got the money. But tell me why s did you do such a thing ? exclaimed Downer. and no harm a statement of the discount and commission done. and I quit. without saying one word. and after two or three minutes growled out. Don t I know Old Brest ? Don how he t I know how he made a smash-up ten years ago. Cash has a soothing fifteen minutes. So.194 track. Close shaving though . row when there is nothing to quarrel about. and money damned I ? got started in this business. Old Brest is too shrewd a man to get up a is the money. saw that Downer was getting into his old strain of bit terness. you know). compared the latter with his own mem orandum. I inarched boldly to the to return in desk of the principal. had missed seeing you. and see if you will tread always on velvet scruples. and I endeavored to say what would soothe him. the money up I. ! &quot. but I am a ! scoundrel. Sol Downer would not take it.&quot. in which he s coining Oh yes.&quot. . You com of you re mitted a criminal &quot. and handed him nine dollars and a quarter as his share. All right. of course. five said am minutes behind my time.Ay! act. in my hand. that the talk. it again. wouldn t like to try &quot. he took the money and the statement. spectable people. it s all correct with him. And then I showed him the exact amount I had. I I promised.

when made large profits. to be thus carried away by the sight of twelve dollars and ninety-five cents in hand? If you do you know little of the &quot. and divide commission with you. to be sure. I thought how pleased Alice would be for she had delicately for borne to question me after that first day when I led her not to expect any thing for a week or two. Won t If it take t. &quot. My offer five dollars and fifty-five cents.OF WALL-STREET.&quot. Then my thoughts ran back to the operation of the morning. This serves me for to-day. didn I rowing a couple of dollars of would not mind. It struck me it would be dangerous to have any more business with Downer. But this twelve dollars and ninety-five cents I could touch. they went into the general account. dis count at seven per cent. and over.&quot. it. since I had earned In the very first gains my great break-down. leaving the balance of the money on the table. do you who all my business life was dealing in thousands and tens think I of thousands. and were.&quot. Had he not acted honorably. how far it would go. gen- . he said. &quot. I could calculate what it would pay. Never did money seem it so sweet as that. he left the you. hundreds of thousands.&quot. How good it looked as I counted it over was beside myself? I. I could handle. I have nothing to do with what you have made by getting the note done at a better rate. yes. I former business operations. In this way my share was increased to twelve dollars and ninety-five cents. Yet hid it not been for him I should not now be rejoicing. Reader. &quot.uses of adver sity. room. so much to the credit of our concern. bor So saying. 195 What I want. nay. he persisted. under the circumstances.

I indulged in a glass of ale. I purchased a few figs for Charlie. Going in. Then I walked back to my office. I felt in iny soul that what had triumphed. some raisins for For Alice I Anna. seemed for the are carried we moment to dispel all anxiety for the future. It has since occurred to me how away with what is imme entirely The fortunate circumstance of making a diately present. joyed so went away from the spot where I had en much of this world s good. and continuing my So I walk. would give to me a moral strength. and determined to give myself a holiday for the remainder of the afternoon. Descending. and truer ideas of life its purposes.&quot. I felt very comfortable. and went had no regrets. at length turned the corner near my house. The two younger children were playing on the steps. and returned the salutations of my acquaint ances with a feeling of quiet assurance. and talked pleasantly with several acquaintances about affairs. who was . I summoned Alice. small sum after a week of fruitless exertion. with the odds against him After a while I took my hat. went into the street. and joined the crowd of human beings which throng she wanted very much. there being no school on Saturday. I I had passed and through. Thus equipped. and what I was to encounter in the future. I stopped and looked at it a moment. and a bunch of grapes to divide. I turned into Broad way. which I knew &quot. this extraordinary thoroughfare. on. ate the lunch which Alice always prepared for me. bought a pair of small side-combs. They ran joyfully to greet my unex pected arrival. Thus I I strolled along until I came opposite my old house.196 erously with UND EKCTJK K E XTS me ? Was not his condition rather that of an ? unfortunate wretch at bay.

197 Sitting &quot. papa and made some money. to a part of a holiday.&quot. quietly to work with the You have . thing to show that he has not forgotten the Alice received the combs as a token of good fortune. assisting in preparation for the dinner. the rest fruit. went &quot. &quot. little store.&quot. looks.OP WALL-STREET. down near the table. . I said. I know you have by your it s only a week !&quot. I produced ray himself. and there Papa has treated is some children.

in presenting a disappointed. attracted by the title of these papers. without exaggeration. duced to the actual. and probably narrative of some periods of my life.198 UNDERCURRENTS CHAPTER IX. and happen to publish. extend through generations. Whoever shall recognize me through the name I have as sumed. The various circumstances which now serve for daily excite We ment and be forgotten but the relations of one man to another. and what the conventional? The . it seems to me. in disgust. THOSE who. fessions.&quot. and indeed nothing but the simple truth to record. What lies as substratum ? What is the original necessity. For. THE ACTUAL. gratify. is to be intro life. affecting our What we want now. I have no animosity to ridicule to revenge. have ere this laid the undercurrents aside. remarkable con or fancied in the various descriptions they would be able to see through the gauze covering which should lightly mask a battery of satire upon certain notabilities of various grades. will soon pass . and of one set of men to another set of whole social men.&quot. no Avounded pride no shaft of to launch. wonderful &quot. will any of the incidents I now bear witness that I write with no malice and recall are all jogging along together.&quot. disclosures. have startling taken them up with the expectation of reading &quot. developments.

. away from so dread a tribunal. Regarding the number of apertures in his grated window. Standing side observe in the lines which mark it evi mental suffering. What are they handsomo about ? To find out is the present fascination. story of the prisoner We behold a face exhibiting We traces of much We all remember the was con who fancied one morning. drinks his wine. One man carriage. but carefully brushed till they are threadbare. by Looking at both. GOD. Satisfied put in motion various pieces of machinery. various classes of mankind are all 199 occupied. from one year to another. and while he was reflecting on the singular circum- . that the walls of the lofty apartment in which he fined did not seem as high as usual.STREET. we see one clad in gar ments originally expensive. dines sumptuously. and the man himself one of a species. and very complacent with the day cigars. he goes back to his house. attends the opera s operation. as he awoke. the fate which was in store for him. is honester worth more side before for soul and brain anywhere. dences of the struggles of the man as he resisted. in circumstances the most straitened. has a more cultivated taste. this is so. He is a better educated man than the first. step by step. unfortunate wretch with a family.OF WALL. he discovered the next morning one less. or rather. Another trudges to Wall-street a poor. which him certain valuable results. how was the money acquired that paid for it? He spends a few hours there. Another had disappeared the following day. smokes his and this is the history of that is man s life. drives to his office in Wall-street in a How did he get that carriage. signs his name to several bits of paper. which produce for with these results.

Put the novelists and romance- We do not want any hot-house developments. how jo how pleasingly familiar. any big. taught him about the first question in the catechism ?&quot. that by the slow but sure action of the machinery which controlled the movable iron ceiling. the terrible truth burst scended nearer and nearer. But the other man ? The man who signs bits of papers. shows that he is at ease in Bank as well as in Zion ? This pei son. fortunes by the employment of his name whose without any lines of care or disappointment.200 UNDERCURRENTS on him. the effectual. that his self-complacency at times painful to witness. &quot. His fate just as certain. chinery which is to crush him just as knows it. hard and overbearing. as by turns he comes ! in contact with different classes and the conditions What does such a man understand about great objects and purposes of life ? What have his opera tions in the stock-market. his transactions in bills of ex change. horrid butter saints. by a long and grounded successful career of good fortune. charming bread-and! Away with caricatures and exaggerations . of an escape. his advances on good security. Day by day it de stance. There was no escape The man we are looking at is in the is no hope same sort of prison-house. any sweet. villains. writers aside. who moves face. : What is the chief end of man By it the light he lives and works by. is so well is in his own esteem. That is the meaning of those ma And he lines over the coun tenance and that despairing expression. cose. How patronizing how he is. . how would he answer ? Now let us have an introduction to these people with for tunes and habits so different. he was to meet his death.

and Brown and Johnson. to with those aforesaid pieces of paper claims in a sense to get make money. are persuaded they have a mis sion to perform here below before they are translated into heaven. the Foreign Missionary Society. and the Colonization Society. It might do some good. notwithstanding these important engagements. whereby he lives and pays for pleasures. They preside at meetings. They are moral. will serve to bring the fortunate . 9* I am . and his These investigations abyss between them. how. houses and horses and opera-boxes. After these Undercurrents&quot. they do not know what to do with their time or their money. I propose to present a volume to several of our well- known philanthropists silver : that class of philanthropists who. born with a These distinguished persons are life-members of the Bible Society. as I have just said. the Home Missionary Society. lists. they head subscriptionthey occupy prominent positions in the church and. and see what they do of their class. having been educated by good pious parents and left with large fortunes. the Tract Society. for this sort of things don t suit their they take to courses more sedate. and without much and masculinity. and wont spend either in the pleasures of this life. . they get a living.OF WALL-STREET. and the unfortunate nearer each other If as it is. spoon in their mouth. cluded. a living. it would not do any harm. I intend to attempt to interest these worthy people in the situation of Wall-street. of mine are con we could bridge &quot. and Jones and Smith. arid an enviable prominence before the world. as types For the fellow who works . temperament. there is a great it over and mix them up a little. Let us look at Harris 201 and Williams. So which will give them Now.

&quot. he exclaims. this man can by no possibility get five dollars ahead.Go to the soil. they not try ? Perhaps they will. where lands are cheap. who has a family depen : dent on him. Of what &quot. s We that spring. and who barely manages to keep them alive . he disturbs a secret and suddenly iron arms are protruded. and begin Why. use to tell the how is he to escape now ? sufferer. Horace Greeley. Greeley aid getting up a society for the relief of those unfortunate persons to quit the spot who want and cannot ? For my part.&quot. Mr. in in and sentenced to perpetual imprisonment. &quot. leave this place you are not working out your . which clutch the terrified wretch. the service of the proprietors. and a good one streets of New it is. Greeley s help him. and hold him in a fatal embrace. and it is mortgaged besides to some kind friend who lent him money in a pressing emergency. Again. He is seized and held secure. for the relief of the overcrowded York. country. Friend. . proper destiny here. Will not Mr. has made public his plan. if you prefer. It is so with the miserable man who ventures to tamper with that great money-safe Wall-street. held fast plan don t he can t escape. when a burglar attempts the lock.&quot. His furniture would not bring at auction two hundred. Return to to first principles. and Mr. with hard labor.202 UNDERCURRENTS Why will persuaded they can do more there than with the Five Points Mission. West. this man is chained down. Flee from the city. had . it Cultivate the But how do it ? Grant that was an unwise step that fixed the individual in the city. a very genuine philanthropist as I believe. once read of a banker safe so cunningly contrived. Go into the rural districts to the far anew. I repeat.

principle. whom I have known in the and make them happy.&quot. and is not grounded on &quot.OF WALL-STKEET.&quot. Some theoretical individuals would object to this because the pro street for twenty-five years. &quot. It would only do a few people a great good. posed course lacks plan and system. 203 I a hundred thousand dollars to dispose of to-day. and would be carried out without the aid of the complicated machinery of any sociotv ! . but would confirm no favorite theory. I would select twenty or thirty sufferers.

by much industry and painstaking. I endeavored quietly to avoid Downer. I acquired the confidence of various parties. This was.204 UNDEKCUKEENTS CHAPTER H X. AFTER ties a while I began to get reconciled to the peculiari Wall-street its life ! of my Indeed the excitement of it was not without charm. After a few weeks. ARLE Y. disappointment in one quarter. some sort agreeable in the sense that all stirring sensations are so. Meantime I looked with feelings of pity on the poor wretches wandering about the street. My desires I were very humble. the hour s uncertainty. I learned the condition of the note-market. and was thus enabled frequently to exceed sum necessary for our support. however. I wanted only to earn a living. success in another. I cannot say he made any effort to prevent it. eager to seize on some chance to clear a the moderate few dollars. the petty crisis after day. he never came again . At any rate. these fluctuations. and by the aid of my reputation for strict integrity. but they became in that is. The sharp necessity of realiz ing a certain sum. not only to petty repeated day accustomed me not me to . while I was achieving a species of success. Since the operation with the four thousand dollar note. And was thus taught that there is rarely an occupation disagreeable to man by which he makes money.

and I took a few steps in his direction. two o clock. that law-suit with Bulldog sure to go in our favor. My heart smote me. They I were odd numbers 979 TVo. I had laid selfish but a by. with a . and is new channels opening. happened One afternoon. I had been more than usually successful roll I stood in the door of one of the banks. This I gave to Alice. and the style of the note did . well. who kept sum carefully in a private drawer. One Saturday. Five hundred dollars fifty dollars in the savings for Alice two hundred and in her escritoire business good. and I stopped short. feel like The possession of this made me this a different creature. about while I was seated in my office. with a view to offer him a part of my store if he stood in need of it . is Norwood all. says so. made a new acquaintance. two hundred and it fifty dollars. about this time I in this wise. bills in my hands turning around. He started off immediately on seeing that I noticed him. three months to run. after having made one or two very good if I negotiations. never fancied odd numbers. fifty dollars. the world not so bad after People w ho will make mistakes must suffer accordingly.OF WALL-STREET. Never in my palmiest me as days did the heaviest balance in bank so exhilarate two hundred and bank . a gentleman entered. . prudence overcame the benevolent intent. all I recollect the figures now. and ex hibited a note for nearly a thousand dollars. Besides. r Well. to 205 my of office. which he asked could get discounted. over and above the sum set apart for our support. but the prudent I It was saying. . I know not why. I saw Downer looking at me from the corner. About this time I made a new acquaintance. none the better at heart for not keeping on.

There are some who really judge a good deal by the I don t like it think twas got up. the I am not known friend to person remarked to you. This might have &quot. I recommend you it my friend Mr. . Since the note to is in the market. I I had two places where I thought I could dispose of moment to consider which : I should first try.&quot. I tried to call to mind how intimate my acquaintance was with Mr. It is frequently remarked of a man. &quot. My and for an visitor colored. and put himself at once so confiden tially in relation with me. Par it who will get &quot. I have a pretty large amount of this paper. apropos of a piece of paper I ottered him. There us. who think there is u luck&quot. fact be truthful with you. 1 &quot. other way.20C not please me.good signature that is. that he makes a &quot.Excuse UNDERCURRENTS Seeing me. mere caprice. I perceive me hesitate. ingenuousness. in them and others whose fancy runs the li 1 . paused a and then inno you any more of this?&quot. said an experienced noteen ehaver once to me. It was for an instant. : !&amp. Our mutual of the note) advised me Alworthy (one of the makers come directly to you. that I was charmed with him. I knew him as the senior partner in an extensive commission house. done for you without hawking about the street. said. He recovered with so much &quot.Have guished him. note or acceptance. Alworthy. &quot. !&quot. I will is. of a spires confidence.* &quot. the paper would sell. instant appeared to lose the tran quil and imperturbable manner which had hitherto distin cently enough asked &quot. and why should I trouble my head further about it ? it. . and gave c me permission to use his name. Again I know many who delight in odd numbers. a signature which in looks&quot. he but it was useli ss opposing it. and his sending to me seemed Still apocryphal. sir he exclaimed. whose transactions were gen erally large. was no intimacy between a little and whose operations were very bold. The I did * There is a great difference in the appearance of commercial paper. : My name is Harley.

of medium height. Company.&quot. Very enterprising. the acquaintance might prove mutually Such a house is always taking a large amount . I I have about nine thousand dollars. that is at. a pleasing face. I that this note is shall tell you precisely. ample capital. not intend to offer you any more. 207 But since you have inquired. Pemberton. They are old personal friends of mine. &quot. Harley was laying this benevolent plan for my advantage. handsomely dressed. of marketable paper. He little a had clear. &quot. stout. you know. Harley. intelligent blue eyes. now for only ten minutes. Well. In fact. I had leisure to observe him more carefully. and will large commission business. that I forgot I had never seen him before. as recollecting himself. . You will perceive indorsed by Pollock.&quot. however. and really. and &quot. He was apparently thirty years old. continued Mr. . open and in genuous. Perhaps you know the house not to be wondered I confessed I did not. if But. I was insensibly for drawn toward the man. so as not to hurt the credit of the parties. possibly below. Hollis and ?&quot. to By the way. since it was estab do a very lished only last May. we were talking of how much paper I could offer you of this description. Tremaine.STREET. yet not in a manner indicating any special attention. I should like you know them beneficial. and it would be well to have them as customers much.OF WALL. and the suggestions he was making my benefit seemed so natural. without any of that affectation of sincerity which one could detect in Mr. for you know the banks will only do about so While Mr. but not corpulent. do not see why you cannot manage the whole of it quiet ly.&quot.

office at Pollock. my Pemberton. After a while we came to speak it Before I knew I was telling him something from him. to give me it Yes. Just then the question occurred to : What ?&quot. before. and then I listened to a short history .208 UNDERCURRENTS me &quot. my old friends abroad. He was from Boston he knew all about my own Providence. I shall only be too glad to put &quot. and could give late intelligence of several. Since the first of May I have kept s. interest I or agency have you. in this business scarcely thought thus had much. so I am obliged to be absent a good deal. me frequently to Europe. Hollis and Company his card He handed me James Algernon Harley I found with his business address at the aforesaid firm in Water-street. . said person and. Haiiey. &quot. is best to do these things through one was saying. of Mr. as I : 1 Call on my in friend Parkinson. and was all now living at the Gloria Hotel.&quot. am sure an opportunity to touch the point. a wife and one child. He came to New York with his family. Harley knew many of ourselves. I asked. Soon we entered into general conversation. Mr. Are you not in business here ?&quot. it all your hands. And since I am quite out of the way of such transactions. here but I which take I call New York my home my family resides am engaged in some important enterprises. but He was had paid unfortunate in business a few years up a hundred cents on the dollar and interest but this had swept him clean.&quot. when I found my new friend was about &quot. In this way the rest of the business day was spent. Alworthy knowing of course that a portion of the notes must go in the market. ! yes. Oh . I . Mr. . family in of my life.

I will call to-morrow. and say you are not yourself familiar with some. confining I society of many. left to one side Well. Their daily associations and habits and necessities are so different. especially a friend. and I may say friends. I had become myself entirely to the very my habits. . it is pleasant to forget affairs once in a while.&quot. and I cannot but feel I have done if we make so. and I proceeded on my Mr. 209 : Harley suddenly started. the fact. looked at his watch. it know quaintances. The interview with Harley produced me. now it strikes may appear strange. Harley took customary route toward a home. that is no room for . and resides in one of the finest avenues. whole my may seem strange to that at my age past fifty having spent nearly my life in New York. high and dry. another a poor one. exclaimed but I declare I don t know what has become of the time &quot. They both in this very The and rich man is a banker. notes. and enjoying intercourse with a large social circle. lives The poor man is a somewhere above don t I cannot say those sisters love each other there .] One live sister marries a rich man. that I should not have secured some who were proof against it adversity.OF WALL-STREET. but they are so separated by circumstances that any exhibition of affection. and we will then talk further about the negotiation of these leave of me. [Stop and think a moment. Since I lost sight of solitary in my happy effect on old associates. Fiftieth-street. if And : stranger cases instances in the reader. but such was me that I might refer to still same family. city. clerk in the Custom-House. having made a great many ac children. that I should find myself so entirely forsaken.

we must not be too severe with such cases. three or four times a year : the rich sends presents sometimes to the children of the poor and perhaps to the ah ! sister herself. the poor is separated his (former) neighbor. who sat around the same table home. And at so living dif ferent lives how different the offspring of the same parents. So they exchange sister sister. or natural affection. : nor questioned the truth of the announce Wealth maketh many friends. but the poor is neighbor. And after all. it. and served to bring back my feelings into their natural channel. this pleasant conversation with an who manifested so much interest in me had agreeable influence. that having confined myself entirely to the society of a person my children. but the poor soon erect a new neighborhood among sympathy. and they find I themselves. feeling. became absolutely like strangers. and shared the same bed. and there are few their force.210 UNDERCURRENTS visits there seems to be no longer any sympathy between them. separated from his Yes. except that a sense of duty sometimes compels a certain recognition. . was only when I was treated with contumely or contempt that I never resisted my spirit rebelled. played the same plays. Circumstances have generally more influence than principle who do not yield to I declare I never indulged in any bitterness of because when I lost my property I lost the society It of those who still kept theirs.&quot. ment from &quot. too often sparingly bestowed. attended the same schools. They go to each other for was remarking.

I met Mr. Harley. as he cor- As I turned &quot. the several inscribed.OFWALL-STREE&quot. the appearance of things struck one as a little too new and fresh to be substantial yet it was a very fair . AN EXTENSIVE OPERATION. To be sute. Harley. On the stone columns. nor for that matter. . in their favor. 21 1 CHAPTER I XI. he remarked. Hollis and Company. place in Water-street. The next morning my enthusiasm had somewhat It occurred to me it would not be an unwise precaution I did so quietly of per to make some inquiry about him. side of the door. have just come from your place. The It was not composed of known had suddenly sprung into existence. it was only the outside I could see I back into Wall-street. but give me any information. gilt sign running through to Front-street. and shining outside. cooled. No one appeared to know any It thing against them. with an immense extend ing across the entire front. and could learn firm little about them.&quot. I then asked as to nobody could Pollock. business men. Pemor nothing well berton. THOUGHT a good deal about my affair with Mr. and that morning. at each names of the firm were neatly Evidently all was above-board. sons I thought most apt to be informed. Finally I strolled leisurely past their was a fine large store.

I did not think best to it. &quot. with the least injury to the parties. Certainly. manage the best the affair after own judgment. By the way. the steps to my office.&quot. you will discover it on inquiry. was my reply. no pressing haste.Very judicious very judicious. mounted &quot. it must depend on what you can &quot.&quot. I &quot. would like a couple of thousand opportunity &quot. said Harley. hand. you know. and will only say. Well. I expected you by appointment.&quot. with candor. Oh I ! no. clock. paper.212 dially UNDERCURRENTS shook my &quot. will not at the very com mencement of our acquaintance say any thing which even by implication tell is not frank and above-board . I will look in at Good morning.I do. How Oh ! soon there is is the money wanted day I asked. and if you do not now know it. continued Mr.&quot. that Alworthy s paper will not sell at the best You can dispose of it. and I may as well you. &quot.&quot.&quot.&quot.&quot.&quot. but it will very likely be at rates. make sales two o &quot. &quot. &quot. some sacrifice. &quot. if you please. you have hardly had time to ascertain what you can do with the Al worthy &quot. looking back. I will leave you the whole batch.&quot. and will go back with you. negotiated in a serves. No your doubt you will do the best you so as to can. &quot. make any attempt was the till we had and we conferred about &quot. reply. call Perhaps you have been to on me ?&quot. Harley.&quot. ?&quot. as to that. or two. . suppose. and the balance as And the rate ?&quot. best not to offer too it is much in one place.

Oh ! no. How much have you got. and answered: quite three thousand and laid the notes before him. he and have a great deal of it. &quot. . &quot. rather sell than buy. One &quot. if he don t like that. then at the indorsement. Nothing wrong. I He was .&quot. only I have got enough of it .&quot. perhaps more than will said. dollars.&quot. The I have some of Al worthy : man s I called paper . for gruff old Finch. At what rate will you and sell ? perhaps I can find a cus tomer. I hesitated slightly. Who .At one per cent.&quot. a-half. I had at first determined to ? offer him three of the notes should I say four However.&quot. &quot.Not I stuck to my original decision. I went next to Loomis. with re Alworthy him than the other. I said it ?&quot. divided so as not to fall told. all Such a constituent did not turn up There were eleven I examined the paper. He looked them over. &quot.&quot. Mr.OF WALL-STREET. first two I would try will &quot.&quot. &quot. there. carefully due too near together. at Brest on was Finch. &quot.&quot. I hope. just as well up&quot. Parkinson. you take Don t want it. and Company s. paper. would take to the bank. 213 every day. to as Finch but he had more confidence in Well. I wont say I wont take one and So much had better luck gard &quot. I selected the notes which I would I offer to Loomis. I have bought a great deal of their &quot. to offer ? pay. Perhaps I will make one transaction of it. &quot. This was charming. averaging not quite a thousand dollars a piece. and those to Finch. notes.

uttered it almost be knew what I was saying. but it not salable paper. By the way.&quot. and so . Parkinson. Some keen devil instinct whispered to me that even the twenty-nine hundred dollars was rather more than Loomis wanted. I stood.214 the UNDERCURRENTS devil.&quot. This will never do. but there are more who don affair t.&quot.&quot. Company.&quot. was closed. I know it s a high rate. and quite as much he would regard as a legitimate transaction for Alworthy as to make with and there truth a this new house. is &quot. Hollis &quot. said I will take the one and a half. A little after two Mr. liar ! with a life-long reputation for honesty and him. you m:iv . only replied : The it best I will do is . Pembertori. You are behind the I said. Not that I am aware of. and I received a check for the in. commission. I fore I had uttered a deliberate falsehood. &quot. there any more paper out with indorsement ?&quot. &quot.Mr. &quot. said Loomis. the falsehood was uttered. he exclaimed. &quot. &quot. Yes. To be sure.&quot. He &quot. Loomis supposed me incapable of deceiving he put the question.&quot. . are Pollock. whole at My : reply was satisfactory. turning quickly on this me. all I will do.&quot. The money. He drew his pen across it. I think good. for after a short pause he &quot. drawling out the names age. and have not made the acquaintance of a new but very extensive commission- house in Water-street. I endeavored to lower his terms. whew !&quot. Harley came I reported the transaction. and I had answered it. Leave the matter of commission to me. and showed him a statement in which I had charged him a quarter per cent. and &quot.

and exhib .&quot.&quot. but his father puts in the capital for him. Hollis and Company . Hollis. I I was introduced to Mr. stolid. &quot. I could appre chat. Harley. and as we entered. Indeed thought his countenance very I saw Mr. book-keeper. not but show I was sensibly affected by &quot. 215 I me two it thousand dollars net . so I was overpowered with much kindness. . and only I in answer to some observations of mine. it is all want at pres you can employ &quot. when seemed inclined to apologize for the appearance of Hollis. Arrange your lunch together. and several hogsheads and quarter casks were on one side. wont hurt your bank account to let the rest lay. and let us I did not decline. monico s. Harley. and a good many cases of wine opposite. then lie we went up-stairs for a few moments. was any thing but favorably im He was a very young man. my new friend asked It me to step with him one moment to his office. Glancing through the lofty store. ited neither wit nor intelligence he spoke in monosyllables. meanwhile. A mere youth. deposit. I discovered very few goods. but no other merchandise. . and I did not think twice of the matter.&quot. one of the firm. However. give ent If . was directly over the counting-room of Pollock.&quot. and so and after some pleasant took leave. giving the porter some special directions returning. Pernberton. As we came out. it for a few days. said Mr. and really he is an excellent I said . do so and welcome. and could it.OF WALL-STREET. Some baskets of champagne were piled up in the centre. pressed with him. I was not in a scruti ni /ing mood. and after a little we proceeded to Deland partook of a nice steak and a bottle of ex cellent claret. &quot. I ciate this.

she exclaimed. &quot. papa are you . E.&quot. ill ?&quot. Parkinson. and a demijohn of brandy.O When this Alice perceived me. girl. each with a card attached C. &quot. in very joy. and she threw her arms about t my neck . From seems Pollock. A carman was just leaving my house. Alice stood at the door direct ing the stout Irish There saw a basket of cham pagne. a case of claret. Esq. &quot. Hollis and Company.216 UNDERCURRENTS the usual hour I reached At home I for dinner. Pemberton.&quot. like dear papa! old times. But you don look happy yourself. another of Madeira.

There liar. food. seven dollars and twenty-five cents. to show Mr. She was overjoyed to see the boxes of wine she knew. it was not seven dollars and twenty-five cents. don t look happy yourself. a mean who had thrown away his birthright. Yes. Not at all. Harley of business. conscience-struck. But I did not lie for the No. commission on twentynine hundred dollars . but much fatigued. confidence in that I In doing was a capable agent. This seemed to assure her. I was stood facing sin-struck. I my innocent child a liar . there might be some excuse. 217 CHAPTER THE LIE &quot.You . head.OF WALL-STREET. a life-long character for probity. she : in . papa ill . from and this crime would procure me suffering hunger. I deceived one who had entire in this particular case me and who had trust ed implicitly to my word.&quot. I never thought of my commission. XII. Such were the thoughts which the passed swiftly through my brain. is mat I put my arms gently around her and kissed her fore ill. what ter ?&quot. Had I been that. I said. a shrewd man this. I told that apt and ready falsehood in order to carry my object. and she ran in gayly before me. Again Alice repeated: &quot.Dear papa. for a quarter of one per cent. &quot. are you ill ?&quot. it was not for the money. to succeed in my negotiation.

so ready to enjoy! The even ing passed pleasantly. she was certain father would soon recover his position of it. and. and with dinner was placed on the table. Pemberton. a bottle of the wine from Pollock. I did think at one moment I that I count of it. Reader. On this occasion.&quot. do you not pity me in your heart ? Like son. Be not Morbid righteous rose aptly to forth. &quot. and I partook it. she ap peared to be lation after my guardian angel. and I went to bed almost longing for the next day in which to push my enterprises . Should tell all f would give Alice a full I was tempted to do ac so. I Sam knew not that I was shorn of &quot. for din ner was coming in.218 said. only being in the world of mine and every emotion. as at other ready to exclaim as he did : I will . Then I was in a better humor with myself. too from great seclusion. things in a freely I saw mellower and more charitable over-much. daughter every She was the entirely with who sympathized every eifort She would sit looking earnestly at me. my gay : lips. placed there for my conso my wife had gone. light. however. expressing joy or regret as reverse. I fell asleep. postponed it rather. but was out. and so The scene at the table became quite children are so magnetic and appreciative. &quot. my narration was favorable or the Indeed. my go strength. I was accustomed to talk over with my evening the various incidents of the day. day s I did not feel disposed to speak of the business. that UNDERCURRENTS Her every thing would turn out happy again. It was of the best quality. but I reconsidered the matter. filled with pleasant visions and cheering hopes.&quot. Hollis and of Company.

Harley came in. doctor. 219 not pity me. soothing effect on me. rate. we are destined to be of great service to each other any &quot. to attempting pick up a few dollars or certain others whom I knew. that life. you can confide said he. Sorry Parkinson is going to turn out such a milk-and-water fellow. should now make free- shipwreck of a good name and-easy sort ? Or : are &quot. it : How in happy for both that we have .STREET. to give you some seasonable infor- . or hearty good-will. Do you I on the declining years of with loss of fortune and friends and social position.&quot. that I was merely floating about with no fixed principle. While was indulging in these reflections. as if he meant by &quot.&quot. He shook hands with me. But the mass of mankind are honest in their and the mass will understand the mortal wound inflicted on myself that day. The next morning I went early to my office. lawyer. you one of the bless who will exclaim LORD the man. His arrival had a pleasant. or with friendly emphasis. not as one would say.&quot. and command me from this time I forward. called. met at . times before. &quot.&quot. Every like poor Downer I thing seemed all right the moment he entered. pathy for instincts.OF WALL. priest ? business had Loomis to ask him such a question. I felt a certain sense of diminution as I walked up the stairs and it. Perhaps so. done Answered him right enough. Shall lose all sym him. but with a serious warmth. entered It appeared to me that all of a sudden I had ceased to respect myself. what than s is the matter with him ? What has he done more What every day by merchant. and shake after entering myself. cordially.

Don t you and Of it course I agreed with him.220 UNDERCURRENTS They have will mation about Al worthy and Company. to offer the notes. I know him well. &quot. I all &quot. take the bull by the horns &quot. They are bold fellows. him no such thing. go direct to him. &quot. how. should have avoided the question. there are more of those notes in market you have them to negotiate. never but having unfortunately committed yourself.&quot.&quot. but so : much paper say so ?&quot. The truth is not to be spoken at times. for Although we are in had better the money. I had told Loomis I was not aware of there being more paper of that myself narrating to sort afloat. said my new friend. interrupted I. and name them. I see. In fact. &quot. once and say you find that No my advice .&quot. will raise the rate so sell to-day. just resolve to make a day of it and the thing is done. rejoined Harley. I am to sorry. gone into an extensive operation. He could never appre your to call on him delicate at and sensitive nature. . You hurt .&quot.And tell him the plain truth. what Tell was thinking of doing. &quot. My advice &quot. is.&quot. which just throw a large amount of no haste their paper on the market. I see. and are coining money by their operations in cotton. The question was. see what is the next best thing to do. you place the notes you have before these others get into the street. and now you may be is with a valuable customer. let us Loomis is a coarse. he continued. unfeeling ciate man . where was best in that connection I found Harley what I had concealed from my child.that s just &quot. to wit. Not that I counsel falsehood. exactly the amount and ask him to take . as it were without knowing it.

together with the happy result to be achieved. What shall I say of Hurley s influence over explain it ? me? How I me it. I told him I had . me if I knew the iiidorsers. I Do not be incredulous.&quot. but will be turning your mistake to the best account. The plausibility of the statement. went to Loomis. so He did not want to purchase farther. Perceiving that I was quite lost in thought. made my announcement. I see nothing dishonorable in gestion . angular contradiction. strictly I don t say this plan. but of the truth of I fancied. him more of the paper. power over me. he 221 it wont buy any more. is right. my nothing which can by any possibility harm Loomis or any one. There was. stand ing by itself. I saw no great evil in nothing very objectionable or calculated to do violence to my moral sense. completely lulled my conscience. as if he what I were weighing was saying. : Mind. however. and it ?&quot. its likeness to the truth. I [&quot. To be sure. sharp-witted man receives unsatisfactory information. as a keen. but I repeat. not with reference to the altered value of the paper. this plan for repairing do solemnly aver that while he detailed to damages. he said. at least. Strange strange netic how thoroughly we began to be acquainted how this man began to exercise a species of mag . &quot. took the notes. a calculating expression in his eye. Without moving a muscle. asked my statement. Parkinson. its not containing any rough. Harley con tinued &quot. considering what sug has already occurred. I Upon my offered honor am recording the simple truth.&quot.OP WALL-STREET. Mr. And how did he receive you ask.

Was it possible ? I had The bitterness of poverty now five hundred dollars ahead was past.&quot. may ask you to do something without any commission and itate to call on you. I will not hes This explanation was very comforting and satisfactory. He formed his judgment off hand.&quot. Then we sat down in my office.222 UNDERCURRENTS seen one of the partners after negotiating the notes with him yesterday. When he had and counted the cash. My heart was full. not one word. this. . regardless of the sacrifice. I took my leave. I you I was astounded. and &quot. At last. I Harley continued you please. and knew not Avhat to hesitating. had furnished me ! a genuine friend.I fifty dollars. While was &quot.&quot. and acted accordingly. It was hard work. offer I assure you. It is only bringing you in to share a por tion of the profits of a legitimate commercial transaction.If and it. It seemed that PROVIDENCE. after a bitter ordeal. saying: for the trouble hope this will be a slight compensation have been at in this business. Fortune was beginning to relent. where I gave submit to high rates : to-day. And . : reply. arid will remark here that I never sold that man another note. if necessary. I would not . By very active exertion I succeeded in selling the remain s der of Alworthy notes. I could breathe with a kind of freedom. I had to all Better place but Harley said and before three o clock it was done. One of these days I . him a statement of the whole examined dred and it transaction. he laid aside it two hun &quot. and handed to me. you are entitled to can afford to pay it if I could not. but could give no information about the house. I promise.

there sat the kind-hearted 223 so much. addressing me with an air of deep from. treadmill work of At present there are various enterprises in which.&quot. &quot. if necessary.OF WALL-STREET. permit me to tell you what you are suffering You have encountered a series of disasters. which. you could come in for a share of the profits without having to advance. I had lost my courage. interest. said Harlcy. In this you show weakness.&quot. Now. My friend. as negotiator. &quot. you have a grave sponsibility in that quarter. to gain a But O reader I was meanwhile an honest man. but remarked he knew the difficulty . How appeared when viewed in the light of his ac Every thing seemed so plain and easy of accomplishment. has broken your courage. there is no reason you should confine yourself to the selling notes for a paltry commission. and reduced your moral status to below par. pliant all this I was certain. was ready to hew wood and draw water. You have foolishly decided to accept your fate instead of battling against it. And you owe fall in it as a vinty to your family not to permit them to the scale re of social life. my friend. not natural in you. commodating nature. and so long as I was with him it was impossible even to invent a difficulty. ! How much to that means none can fully understand who has not fallen from the high estate. assenting little what he said. to more for me.] I replied to him. Had I been dreaming ? or was I now dreaming ? Could any thing be more self-evident than what Harley was urging on me ? [Yes. living. man who had done do still and was preparing. or indeed risk any money. loss of your wife. Believe me. but induced with the by the untoward circumstances you have encountered. become humble.

carefully in my pocket.&quot. through after three. two hundred and fifty dol lars. which was lying on the table. and starting to my feet. invitation. age. eight hundred dollars) stand to your credit in the bank for a while time. and thus I celebrated the success of the day. and. and what is better. Courage. if you are welcome to strength. It will give you more it will add. on balance the other transaction (it was between seven and Now. continued Haiiey. After Harley left. One or two small notes . all depends on cour children will let The you off for once. I saw a few persons congregated on the corner.&quot. You he replied will dine with me to-day. must now go to I put the my office. courage. and I two pass cheerfully. I had still something on hand to do.&quot. They were evidently . just at present I happen not to be short. to get it for very respectable parties and although street. I at you can employ it in the mean do so.&quot.224 UNDERCURRENTS of a fresh start after being so completely prostrated as I bad been. I walked briskly up and down the room. to your confidence. know that I should not be &quot. &quot. I hope. I at their posts. rubbing my hands together with a species of glee . Walking in that direction. home as usual. I shall introduce hope we may make an hour I accepted Harley his s you my wife. and he proceeded to send to or boy (who was waiting to let Alice in my office) with a note from me &quot. as I said. . was still knew So I I could find several money-lenders descended to the Reaching the pavement. It is not always I have money but Let the over. . &quot. but I shall see you five. I perceived Sol Downer in charge of a police-officer.

The policeman here require any inter posed. what turns out to be a forged note on a .&quot. I asked. And what is it ?&quot. and to say. Yet I am &quot. for a few minutes. my lawyer. unnatural tone he put me in &quot. paid over the money. I wait no longer. mind of I beast hunted to his lair. give me send home. and on my soul. but this humble servant of justice can t wait oh no. the police ing-house. a low tone.&quot. walked up to Downer. ! ins and Company says. am happy my better feelings pre vailed over the selfish ones. At any rate. The officer quick work with the had doubtless received a charge to make arrest indeed. whom I recognized as a clerk in a most respectable bank official. to be made the scape-goat. as I till came up. Why. Thank you.&quot. because the almighty house of Strauss. I heard Downer exclaim &quot. I asked in a low tone.OF W A L L waiting for something. For GOD S sake. - S TREET official . wanted to see Storms. 225 But the was impatient. whispering to Whereupon said he could the fellow became I still more peremptory. time. &quot. that s all I know about it. I must go to the Tombs in double-quick &quot. Bev.&quot. and received my com mission. He was sensibly affected. and desperate. and in seemed disposed to proceed on his way. off. Proceed. . &quot. &quot. a chance to my lawyer can come.&quot. and asked him if I could be of any service.step into my office. and said they must be What 10* can I do for you ?* Do you money ?&quot. he whispered a wild in a hoarse. I saw a young man . good house was put into my hands by a stranger to sell I did sell it to them.

and tell I am. me a three-dollar bill. his voice became tremulous tell &quot. thank you.226 &quot. No. Storms in. and give it to my wife. you say out of town. This affair depressed me greatly. I know Downer has in tended nothing wrong. !&quot. &quot. UNDEEC UK EXTS II him where possible. where waited Then I repeated what I knew as to the charge against Downer and delivered his mes:$ge. and to my folks that I am obliged unexpectedly go out of town to-night.&quot. . Poor fellow he exclaimed. I proceeded half an hour before he came at once to Mr. to be back to-morrow put this in an lie handed envelope. and seal it. and the next moment was on his way I up Nassau-street. knew why. but will you call on Storms. at once. who was a counsellor of high respectability. Whatever the charge is. toward the Tombs.will you please stop my house. I will go &quot. manifest ed in the case.&quot. I was gratified at the lively interest that gentle man. I hardly s office. and ask him to come to me as soon as and and at &quot. mind .

by In the extraordinary deference Harley paid his wife. common place talk. and in consequence the most fashionable house in the city. very prettily rehearsed. as the phrase is. managed to give me a very tolerable idea of the miseries and inconveniences at tending living at a hotel. and rather inclined. he appeared Not a Avord did . to airs. at I found the Gloria Hotel. to venture on house We were just then summoned to dinner. that he was under a fact. and the interest ing conversation was interrupted. THE GLORIA HOTEL. where he introduced me had no children). I ventured to suggest keeping house. Harley. and dur ing the few moments before dinner.&quot. It was the ordinary.OF WALL-STREET. a good deal put on affected. species of discipline while in her presence. and quite time for me to meet my appointment with Harley. Oh not for the world. ! Mrs. HEAVEN knows I nothing on earth would ever induce keeping. who was a pale. &quot. However. 227 CHAPTER IT was XIII. now too late to attend to any other business. stylish- looking young woman. she received me politely. like a different person. exclaimed &quot. then the latest built. I soon discovered. him occu to his wife (he pying a handsome private parlor. not for ten worlds. dressed after the latest mode. me have care enough now .

Harley. all of you. &quot. &quot. we are about entering on a magnificent period for speculation ? I mean &quot. made frequent inquiries knew this or that person or family. think we might. Mr. and so forth. too sanguine I need just such a friend as you to counsel . and you are a selfish set.&quot. he said in a low tone. t You men stop to love the ex think your wives love the excitement of fashion. said he. against. there is much to be done. so. women can my glass from a fresh bottle of all we have to appreciate. contend &quot. I assure you. and we at the flood. I found possessed an excellent appetite. I wish Algernon was not so en life. Harley to a sweet bread. citement of business. I If an incessant clamor about it would make us do it. filled t &quot. and the wine began to circulate. !&quot. &quot. with a kind of its on her. you and I must take advantage of fortune For myself.&quot.&quot. No . Harley here joined truth of the charge. in the conversation. which for a time seemed to quiet her resentment. and some preserved peas. s which seemed to increase the lady &quot. grossed in business as to neglect social I think it a shame. admitted the wine. Oh ! well.&quot. deli effect he utter that he did iot watch. I did not Meanwhile. During dinner. you know. who. as dinner proceeded. and you don deny this. society. Mr. Mrs. Parkinson. I don t appreciate I confess. Appreciate interrupted the lady.Do legitimate speculation . and so I tell him.228 UNDE R C U KEENTS solicitude. perhaps .&quot. my host grew even more friendly and communicative. I am a sanguine man. respect for me.&quot. but helped Mrs. she said. I could very often answer in the affirmative. &quot. if I cate as she seemed.

Harley had finished her sweetbread and &quot. . will It is your friendship may be to you. &quot. of champagne. why. off to call for on the same day. By the by. way. manag ing. &quot. and sometimes to hold think 229 buck.&quot. I hastened to reply. Har with a winning smile. it grew very of naturally wine. and a business-man. you must taste this new brand agency. management. I really think it is downright rudeness in you. ation is be as valuable to me. I me Do am not sure me too disinterested or too benevolent. I tell you. it. (this said with great empressement) will ever not good. ley.OF WALL-STREET. be monopolizing Mr. The it order for a dozen baskets. as I hope mine when benefits are mutual that co-oper really of value. Alger pre non&quot. the more you try to introduce the better for the world at large. to &quot. and so cover served peas). but permit me to say. Parkinson in that about business too. am management. recommend it when you have I a chance. &quot. Yes. and yourself in particu is what lar. man. (Mrs. tell us what you would do.I my friend. I declare it is shameful. the whole time I hate . that if you are yourself satisfied. : have intro duced it at the Gloria splendidly it got half a dozen friends next. out of your husband s offering me I a a new brand sick of Oh ! I am disgusted with all that sort of thing . managing. I would interrupted Mr. goes down came an now like hot and no my friend. and cakes.&quot.&quot. .&quot. honest offer it man&quot.&quot. talking agree with you. Pemberton has just secured the Do not forget to is. &quot. and advise with. &quot. If I were and could not get along without &quot. every thing has to be puffed offer is a into notice and if what you good thing.

order. and Mrs. when her the We attention was turned in its former direction. Charter from the state of Virginia for a land company. in working One on the Isthmus. in which spent the time there in earnest conversation. Parkinson her husband remarked particular juncture : and I are going to smoke a lady cigar. the checks and reverses . One Tennessee copper mine.&quot. Ditto from the state of Georgia for a timber company. UNDERCURRENTS Well. and gave me a brief account of the various enterprises he had at command. One Virginia ditto. and we turned our steps toward the smoking-room. where sons of both sexes came up to speak with her. and I would do without both laughed. Two magnificent Lake Superior copper mines. He gave me an account of his past fortunes. He produced some of his papers. We I was principally a listener.230 &quot. . and his present cheering prospects. do without it. soon to leave for England.he had He was experienced. my dear : shall we leave you here?&quot. Dinner over. and at ihis u Mr. Harley a most confidential tone. Among these I distinctly recollect the following : Three California gold mines. and which assumed on the part of Mr. Plan for purchasing live-oak lands in Florida. several per I escorted the lady into the grand hall. sure to attract the attention of the capitalists on the other side of the water. Harley continued much in same strain till the dessert was brought in. and should carry out with him several notable schemes. know that s I could all. I it . The bowed a careless assent.

if one wont satisfy you. you see. and returned prop erly flavored and colored. Mr. Now. I have se cured Larry. side. had a letter Glynn and my bankers.OF WALL-STREET. Harley was already acquaint- . ditto. I knew at the same time that there were opportunities for making money out of such matters. We can join forces. ready to embark in any scheme that should promise well. Westneath and tors. Ditto for smelting ores. I know what London. while Now. ditto. about. and in soon as possible. Although I could not be blind to the fact that Harley was a speculator.&quot. could always he continued. why I want a reliable man to represent this I am on the other. Together with various little aflkirs. out of which he make a few thousand pounds. which Harley called playthings. Plan for manufacture of French brandy at Paris. Invention for making steel out of coarse pig-iron. fuel. I &quot.&quot. &quot. less It was with such hopeful conversation that the evening was beguiled.You see. the first Hope . out of to be whiskey. and that not uufrequently they did turn out well when in clever hands. I am I left have made every preparation in there only three months ago. and sold in bond in New York. 231 Invention (already patented) for making paper out of the bark of certain trees.&quot. I shall get off as Parkinson. &quot. at a trifling expense. imported from America. the London and Westminster Bank will act as . Buxton. for my solici men in their line in the city very rich con nections from them yesterday.I have my hands full. with little or no Ditto for generating steam. than a twelvemonth I will promise you half a dozen fortunes.

Suddenly thought of Downer. I believe quite as much under During a his magnetic. smoke a Immediately him to the regions below. She was seated lan guidly in one of the rocking-chairs. Why. slight pause in the conversation. we mounted again to his parlor. not your husband. liarSo ley would have detained me. I exclaimed. I will promise better behavior in future. and I came away. Mr. business. business.&quot. I was about to say magical. influence.232 UNDERCURRENTS London. for permitting myself to be come so interested in what he has been saying. out ? of I these enterprises might not one his ingenuous turn out a prize must say that while avowals rather lowered I felt my previous standard of the man. and where he talks business. This is always the way. &quot. What would they not suffer ! all evening from the unexplained ab up and declared I must leave. to say good evening to madam. guest. . she said. and sence my promise this to visit his family. It was after ten o clock. &quot. Harley smiled. &quot. Algernon invites a on the plea of wishing to &quot. and. I think I am the offender Forgive me. this time. after dinner.&quot. where I had left my over I started coat.&quot. and had laid the all ed in foundation for what he was to do. cigar.&quot. he disappears with whence he emerges toward midnight. but he saw I was urgent. I looked at I my watch. The lady smiled. as as kindly toward him ever.

in. &quot. FAMILY. who exclaimed. I found a driving. faint tone.OP WALL-STREET. encasing the lamps with a thick crust. one of those storms peculiar to New- The wind blew half a hurricane through the streets. turning umbrellas inside out.walk. on seeing me &quot. confusing the omnibus-drivers. &quot. Sol Downer managed s residence hap pened to be quite as far up town on the other side of the city. my arm ?&quot. I feared something had happened As I stepped into the hall. as mine. . a Where my husband With a word I reassured her. in I descended to the side. into the face and eyes of pedestrians. 233 CHAPTER DOWNER S XIV.He is perfectly well. as she seized is Her lips became bloodless and uttered in and her eyes wild. for it blinding snow-storm. am . she discovered her mistake. of a most prepossessing appearance.&quot. but from which forced to walk all the way to mine. relieved I . and with a fury almost irresistible. neatly dressed in black. It would be was eleven o clock before I rang at Mr. had set was now the first December. carrying the snow along laterally. and making every kind of locomotion nearly impossible. : Oh to ! how you. but unfortunately I to get into an I omnibus going near his home. It was opened almost instantly by a tall elderly lady. WHEN week York. terror and her was extreme. Downer s dooi*.

is for coming. ments produced a subdued but pleasant impression. I thought of the hard-pushed and desperate man. and I so frequently subject to turns. that felt is. . oh it was dreadful. could fancy Downer corning in from his degrading labors. Downer applies ill himself so hard. that I had myself been detained late &quot. was suffering from cold. toiling. tedious ride As in I the omnibus. household . and asked me into the parlor.&quot. but she was measurably relieved. and a youth of fifteen or sixteen. Yet. instinc tively she something had gone wrong.&quot. how much we thank you we were all in such distress. that am . saw well-educated and well-regulated children in his saw what should make a person happy home.&quot. said the Mr. I hastened to repeat my message and to explain still farther. &quot. to return to-morrow. sweating. and entered a room very inexpensively but prettily furnished. time always very nervous when he is out a little over his but to-night. lady . No one could mistake the quiet and unpretentious air which pervaded the apartment. after a slow. I accepted the invitation. who was I agonizing to keep that family together. where around a table were seated two young ladies of really charming appear The whole arrange ance. there of a refined and gentle spirit saw the order of the .234 UNDEKCUKB EN T S my office Just as I was leaving he asked me to call and say he was obliged to go out of town. As I cast my eyes round the room. by a previous appointment. and saw the evidences . At the same time I put the envelope which covered the three dollars into her hand. and in this terrible ! storm. It was hard absolutely to convince her.

Downer and name. but she my Downer made no former times. allusion to I were old acquaintances. and repeated recollected. preparing present topics. and our remarks turned wholly on In a few minutes I took my leave. . Mrs. to ! Yes. now what he was battling for and screened from misery. to encounter the fury of the storm on foot. me for what my heart had felt toward him of In the course of conversation I mentioned that Mr. and my heart re proached late. and enjoying the lovely influence of that I understood home scene. 235 casting off the slough with which his encounter with rogues and knaves. Poor fellow keep these safe.OF WALL-STREET. sharpers and misers had besmeared him. she said.

and was saluted by the exclamation Stop Whatever alarm I experienced was immediately dissipated when I raised iny head and got sight of the person who &quot. way. when my companion lay a entered a went perhaps half a block. and turning into it. : !&quot. It was a girl bare-headed. and ran rapidly up the stairs to the front room. scarcely conscious of the progress made. settled my hat close over my face. I buttoned my I traverse. : Mother is Wont you come quick ?&quot. without cloak perhaps fourteen years old.236 UNDERCURRENTS CHAPTER XV. presenting my head combatively to the tempest I pushed I had in this way crossed from the Eighth to the Sixth Avenue. Before I could question her. stood in or shawl my . when I struck against an object in the middle of the side-walk. IT proved to be a night of adventure. Without a word being said. for she hurried me on too rapidly for conversation. two-story wooden house. my ears. and the storm coming from the north-east. Here on a bed woman moaning and gasping. and exhibiting symptoms resembling epilepsy. I followed down the avenue to the next street. drove violently in my teeth. &quot. had four avenues to overcoat about and on. . AN ADVENTURE. she exclaimed dying.

here. W A L L-S TRE ET. and I sat down. said the girl.&quot. &quot. do when I was relieved by who had woman. I said. exclaim. who asked what was the matter.&quot. your mother not dying is &quot. and had shaken the snow from my hat coat. Something caused sound of her voice strange and startling a masculine vigor. She went to the bed-side of her mother. said the sick for although I woman. Meanwhile I had glanced about the room and taken a closer look at its inmates.OF &quot. : turn and regard her. can do any thing to relieve you. &quot. rather than to the direct &quot.&quot. fixed on me to me &quot.And in had been taken suddenly ill. Give the gentleman a chair.I shall be happy if I &quot. to say or was at a loss hearing the poor ness. my daughter.Matilda. but Is she subject to evidently has had a attacks ?&quot. She obeyed. such &quot. fit of some kind. The appearance was that of biting poverty without sqiuilidness . questions I replied : I repeat.&quot. I was still standing. your mother is not dying. would say the truth. not going to sure of that in the ?&quot. She looked I at me almost defiantly. die. Tell me : To these imaginary observations. as if they Do not amuse me I am no child.&quot. regained her conscious what &quot. 237 is Don t be Are you frightened. I replied that I believed she and her daughter &quot.&quot. now that I am I continued.No!&quot. Large black eyes were with a firm but unsatisfied look.&quot. alarm ran out for aid and met me. coupled with an extraordinary maturity.

hard work. The mother was evi the storm. and she was suffering from any pressing I should want. in the belief that some extraordinary &quot. and : ! so-forth and so-forth. I should There was no reason why stay longer. all this is very common class of his would it were otherwise. When most alarming manner. The poor lady seemed nothing to so nearly recovered that there I was be done for her. if asked if I could render her any assistance. will exclaim Pshaw how and stale this very common-place meeting a girl in the street and being conducted up a pair of stairs to a sick-room. and as she was getting into in a bed she had been seized was for the time insensible. yet I felt . and a final breaking down of a naturally strong constitution. dently a lady and possessed of natural refinement and deli cacy. indeed. and she recovered she saw me standing over her. When I sat down. little but exhibited her demeanor no softness. and regretted that have been taken out of my -way. She answered no. would yet turn up. It was the old tale of destitution. while another class starves. the familiar story. but GOD permits one and the mystery of this creatures to fare sumptuously every day. but in the expression of her eyes what I There was something which brought back some old could not tell. Yes.238 or misery. To be sure. UNDERC UK RENTS The in girl was very handsome and well formed. she seated herself at the window and looked out on association. we may not undertake to fathom. that was feminine. so much so that the novel-reader who has persevered thus incident far. at work She explained to me that she had been very closely all day with the needle.

tained her seat by the window. can t be of some use Pray. your husband?&quot.OF WALL-STREET. The room swam round. And this &quot. irresistibly impelled to 239 girl.&quot. &quot. young person The only surviving of ?&quot.&quot. Who The resided in Cincinnati. and to I started to find some die. if I not far from here. Ralph at Hitchcock. Hitchcock.&quot. &quot. mem I think I &quot.&quot. I asked. And you I am. for we are in the midst of a heavy storm. I rose to depart.Mrs. your mother will be quite well by morning. &quot. She assented by a nod. Who graduated Yale College. ?&quot.Yes. &quot.&quot. &quot. body come to her. &quot. turning to her You see I was right. and which called up a strange ory of a half-forgotten dream. I did not dare stay to see her And she looked again with that expression which had touch feeling. looking fixedly out of : As &quot. He was - . &quot. Has been dead for a long time.&quot. must call and see you to-morrow. I said.And &quot. &quot. A physician Dr.&quot. same. Ralph Hitchcock.&quot. Where were you going when I I met you ?&quot. thirty years ago &quot. thought mother was dying. &quot. &quot. are Ralph Hitchcock s widow ?&quot. &quot. &quot.&quot. &quot. five children. like the ed me.&quot. . His daughter. my class-mate. may I inquire your name?&quot. &quot. and died there ?&quot. speak to the young who main it. I said to the I reside lady. and I shall see to you.

&quot. I knew your husband well It is . fire. my his my beloved friend. not speaking. moving. cast about for some more afflicted. and laying the foun dation for a grand success. cut off in the flower of life . while already acquiring fame. so long as he lived. It is so.My dear lady. 1 &quot. You will be surprised what strength you will gain beside. office of aid and adviser. her chair. had made no explanation. not Mrs. Hitchcock lay waiting calmly for some ex become She had been too long schooled by trouble to Not so the daughter she rose from easily excited. : For thus marvellously has GOD established the paradox There is that maketh himself poor. planation. and had a cheerful which glowed happy contra?!- with the night out of doors. Desperate as stances my own affairs had been. Alice was waiting for in me. After a short pause. here were circum Reader. with these thoughts. if much more discouraging. which was so violent that it alarmed me. are just recovering from this sudden at to see tack. more than you that. yet hath great riches. I reached home about midnight. but my questions showed I was well acquainted with the one whose decease had caused I such a revolution in their fortunes. came into the middle of the room. and take on you the their burdens. I recounted to my daughter . you yourself are unfortunately borne down by the weight of what seems a calamitous destiny. GOD bless you both And I came away. and burst into a hysterical sobbing. my cherished correspondent. I shall ! be sure you to-morrow. we were the best of friends. Assume a part of it will help to lighten your own.240 UNDERCURRENTS room-mate in college. . now late. death had snatched I stood oppressed him away. I said : &quot.

this last 241 adventure. we concluded to wait till I saw Mrs.OF WALL-STREET. She exhibited an especial sympathy for the young girl. After many plans advanced. and evidently appreciated her character better than I did. rejected and approved. 11 . and she was eager to undertake any thing which could serve to aid my new acquaintances. Hitchcock again before deciding on any.

As Downer would be s reputation was a good deal below &quot. or at least thought it neces to fix thes responsibility would be highly praiseworthy. he felt it safe to strain a point against him. on his exam ination before the magistrate. The Old Sol&quot. The head-clerk had transacted the business. the warrant was granted. There who upon he visited the counsel of that establishment. These were the only truths stated by them. DOWNER BEFORE THE MAGISTRATE. Strauss. and although felt it he had not transcended the line of his duty. head man of the highly respectable and well-toof him. . his counsel. somewhere by criminating some body.242 UNDERCURRENTS CHAPTER SOL XVI. the paper Mr. having carefully investigated the case. the senior partner. and an arrest might frighten the This was the logical conclusion arrived at by Mr. indignantly denouncing the could swear to such affidavits as those on which men who were made by the head-clerk of Strauss. and the househad purchased it. Bevins and Company. par. came before the judge. Storms. Tompkins. and examined the papers. knew some chances were (so he reasoned) that truth out thing about it. sary. DOWXEE was discharged the next day. and by To be sure. Mr. These affidavits which Downer sold to the house was forged. Bevins and Company. do banking-house of Strauss.

transaction. taking the tale as to suit it 243 was told him. neither had Downer said so. after considerable decided in his reflection. Both those gentlemen were honest. probably heard a word or two drop in relation to the and that was all. prepared some affidavits the case as stated. as the note was a large one. as people more aggravated by the swindle. the most fashionable church in the city the latter a lead ing elder in a church of much greater wealth. assailed What felt right by a miserable fellow without any charac had he to select them for his victims. Bevins were good men in their way. But the dignity of the house had been ter. and saved loss and trouble. The head man. it unnecessary. What he did say was.OF WALL-STREET. that call if it and get the makers to since the head-clerk had thought was thought best he could all and say right. for ? Tompkins could not be mistaken. But Mr. bring the man to punishment. Strauss and Mr. he felt the always do when they neglect any simple precaution which would have made all clear. Of course the makers had done no such thing. but of a dif ferent persuasion. own mind that Downer told him. and Tompkins said so He willing to make any proper statement which should and clear the street of rogues. in answer to a question. Neither one would hardly commit a wilful perjury to save the half of his fortune. . that the makers of the note had assured him (Downer) that it was all -right. and so forth . that Mr. . quite above trick or chicanery. and of less worldly pretensions. Strauss reposed great trust in his con He had seen Downer before the desk. The former was a vestryman in is. fidential clerk. straightforward business peo ple. for millionaires. and swore they had not.

By which it really nesses swore that the note was all Downer said he was told by the makers right when the fact was.. with the absolute conviction of the innocence of his client. when Mr. to their establishment to offer a certain note. a tower of strength always to a professional man. Strauss and . as set forth in the affidavit of his clerk (naming him) that he heard a portion of the conversation said clerk. Strauss knew . But mark the sequel. KEXTS after and reading the affidavit of his clerk. that I deter mined to be present. very little veneration for simply on account of their position. being duly sworn. Mr. too. Storms. therefore. nothing about it! Certainly a strong case for suspicion against the poor fellow. Avithout even the shield of good character to interpose against the oath and influence of one of the most respectable bankers in New York. quick known Downer and his fam in many years. and that the facts therein appeared that two respectable wit stated were true. witted lawyer. I was myself so much interested in the case. deposed and said. the principal it remarked that seemed quite correct. Strauss. The result was. that he was present on the occasion of Solomon counsel. drawing up of another affidavit by the by which Mr. an independent.244 UNDERCUT. etc. and accordingly was already on the spot at ten o clock the next morning. and likely to bring difficulty. ily for Mr. . defenceless as him into serious he was. He had. had. in common with men the better class of advocates. fortunately. that he had read the between said Downer and affidavit of the said Tompkins. the Downer s coming etc. known and sympathized with them their misfortunes.. He started.

that my confidential clerk or affair my self can have any object to serve in this justice. Storms said he had a special reason for requesting Mr. Certainly not. Storms. Torapkins presented themselves.&quot. Mr. Doubtless along with He had he really believed Downer was implicated.&quot. Me. when he saw his paper and he was to be subjected to a critical examination. not calculated on any thing of the Supposed the statement he had sworn to would just do the business. &quot. had somewhat recovered he felt . . Mr. &quot. Strauss. 245 Mr. A little . who took his seat in a patronizing man from the magistrate. sir !&quot. beyond the it is furtherance of &quot. quietly. replied Mr. demand. and simply to further justice that I must ask the magistrate to request to the your retiring a few moments. with the air of a man who in leaving his business was making a sacrifice for the pur pose of upholding the law. Tompkins was called on. Not so Mr. to say the least. Storms &quot. &quot.&quot. answered Mr. Mr. ner. kind. walked away into the next room.OF WALL-STREET. not far At this juncture. Can you suppose. The magistrate assented taking up his hat. nation of his clerk. of the starch was already taken out of him. Tompkins became nervous and fidgety. for it was too late the night before to go into an examination. sir. You. meantime. it. Tompkins. and bring the culprit to light. but how cruel and how wanton to endeavor to consign him to perpetual infamy on mere suspicion ! As I have said. Strauss to withdraw during the exami said the banker. sir. Tompkins evidently began to case feel fidgety. in astonishment. Strauss.&quot.

how came &quot.&quot. man know a s character will against him. Mr. (this was run along in the examination in a most unsuspicious manner). sought for information about unimportant details. you would not suspect every body who should bring what turn course. until the examina tion He assumed a conversational shape. and so on. he in dulged most amiably in the merest commonplace questions.&quot. He was neither fidgety nor defiant. if the house had lately purchased much of the paper. Why. If Downer had been differently situated. natural. &quot. Tornpkins was finally put quite at his ease. Certainly not. by making himself up phrase is. first to suspect Downer ?&quot. The amount of the note. sir. you will am ready for you Mr. Storms. paper. how long to run. if they were respectable parties tell .&quot.&quot. : Now. very true. We don why should we . you &quot. one would suppose Mr. trary. That is &quot.248 that the best UNDERCURRENTS way for him was to fortify against the antici &quot. pated onslaught. find I which said plainly !&quot. t suspect men of character. Still. I it. By the way. sir. of . ?&quot.&quot. In fact. was too good a tactician to assail On the con the enemy at a point where he was expected. of course nothing more ed out to be forged &quot. &quot. course Why. Storms was actually helping along the case. So he stood up with a bold and rather audacious outside. Tompkins&quot. come on. but you know &quot. Of because he brought us the . no doubt you would not have thought of him as the guilty party. as the hard. &quot. however. Mr. he commenced in a mild and insinuating tone . no. note.

&quot. &quot. me. was right ? Think a moment Think a The whole demeanor of Mr. Strauss was then ushered Mr. &quot. Very possible. for it crest-fullen but that makes no shows just I as conclusively his determination to mislead &quot. He was about leaving. answered differ Tompkins.&quot. that was the . said Mr. he had come off with flying colors. Storms s manner toward the banker was the clerk. moment. I found myself unconsciously holding &quot.OF WALL-STREET. Mr. This gentleman s testimony. By the way. I think that is all. Precisely. little sir. These were not uttered in a loud. &quot. &quot. on the contrary.&quot. breath. Mr.&quot. an action which said all &quot.&quot. . . my &quot. severe or bullying tone. is very clear.&quot. and explicit. such as becomes the re spectable house he serves. just one word more. Strauss to step in. and you had better tell the truth. with a look. : I know about it. Storms exclaimed a compliment from the : &quot. It entirely different from that toward was severe and curt and off-hand. I don t know as it s of consequence. a ence. Storms had changed with the words. 247 Well. man he deemed his enemy. but I think you stated in your affi davit that Downer said the makers of that note had told much him it was all right.&quot. in a voice. ask. have nothing more to in. Storms. and with &quot. Tompkins was delighted the bitterness of the scene was past. we shouldn t. expression. very honest.&quot. when Mr. to ask Mr. as if it were a private matter between the witness low and the examiner. &quot. Is there not a trifling error here? it Did he not all tell you the makers doubtless would say /&quot.

I paid no attention to what was going Mr. Tompkins. .&quot. of your own knowl beyond what you have just ?&quot. recollect a single intelligible remark the ?&quot. But you were present and I ?&quot. with my knowledge and &quot.&quot. I I though &quot. I beg your pardon. in which he stood. You purchased it. indeed. as I honestly and conscientiously be lieve. Mind. (describ ing &quot. ?&quot. stated ? &quot. edge.&quot. It was purchased by Mr.Yes. I suppose I can say I w is. &quot. I heard very little. I say.248 &quot. Tompkins s affidavit And so they are. &quot. The prisoner was at the was passing up and down from to the middle office. Now. any thing about this case do you know.&quot.&quot. &quot. U NDEECUKRENTS partner of the house of Strauss. was &quot. of your own knowledge I have never professed to know any thing about the . But. Sir.No.&quot. my own room pris Can you oner made &quot. &quot. Company &quot. on. You are the senior ?&quot.&quot. Bevins and &quot. al Never mind what you You have sworn are true. &quot. Strauss.&quot. Mr. believe. do say I believe have sworn to no such thing he did.) of the prisoner such a note?&quot.&quot. and heard all that passed be tween the prisoner and Tompkins in relation to the note No. assent. you have sworn in your affidavit that the prisoner told Tompkins that the makers said the note &quot. counter. all right. that the facts stated in &quot. Strauss. And you were present.

They are as much blame for their carelessness in taking an oath as I if they had intentionally committed perjury. said Mr. carelessness crimi You must make him pay I. Tompkins knew is he was nality. give and take any day. The latter expressed his opinion affair. lying. The banker did not &quot.&quot. Strauss.&quot.&quot. but the court did. he will commence an action for false im prisonment against you without delay. permit me to say. terms about the These men should be to he said. Storms. amine the prisoner. am speaking about Strauss. Mr. &quot. Mr. except 249 through Mr. When I was a young man. that was all you meant by swearing his affidavit is true &quot.OF WALL. adding that &quot. The former was consequently astounded when the magistrate announced that he did not wish to ex moment. no measured punished. I do not know. Strauss deigned no reply. And I thereupon all parties separated. case.STREET. I am too old for that sort I of thing. &quot. for this. The case was at an end.&quot. address . although I 11* was ready to play never was revengeful. but looked highly indignant. &quot. not feeling willing to detain him another it was highly culpable to swear so carelessly to affidavits.&quot. Not replied his client. &quot. I most implicitly rely. follows what course my client will take but if he my advice. &quot. turning to Downer. walked down from the Tombs&quot. But in Strauss s case. Tompkins. sir. . And ?&quot.&quot.&quot.&quot. with Downer and his in counsel. ing the banker.All. has the entire confidence of our firm. and on whose state ment &quot. &quot. who. he continued. see it.

I remarked. and prevented any alarm there.250 UNDERCUT RENTS I Now. &quot.&quot.&quot. not even request him to come back to the witness-stand. I had no such idea.&quot. But &quot. can the scale. It is unprofitable business how Never shall undertake it. I am &quot. A single response he reasons. I think a it week s at least might take some of this nonsense out of &quot.&quot. and got the truth out of him. would not cross the street to do a harm to seeking my worst to injure enemy. By the way. His nerves are relaxed as he steps away. and when he had I did actually opened the door and was leaving the room. Mr. another.&quot. responded Downer.Don t believe trial. Storms said.&quot. and I once cross-examined a witness had to work cautiously. Good tion. and I wanted to ask by carelessly him he might go.&quot. more Downer did not appear greatly interested in the conversa &quot. and on reaching Wall-street.&quot. more than half an hour. I declare. it would. ! no. Tompkins 44 Oh said Mr. I had called at his house as he requested.but I content with my present I feared experience. said Mr. &quot. &quot. . off &quot. sojourn in Storms pleasantly. Storms. and so he answers right in order to prevent questions. &quot. I actually put the only question I stopping him after I told gained my end. and it is some effort to t brace turn them up again.&quot. the fellow was on his guard. I told Downer that morning !&quot. don t want a though. let you were going to him without bringing to the point. A dishonest witness dislikes amazingly to return to the stand. the Tombs would do you good you. He thanked me. especially after he has received a thorough overhauling. and went to his own office. I have lost half a day.

like a knave.just draw the affidavit like a him &quot. said. and great injustice done. if kept asking his client he could swear to he could swear to that. The merchant got out of patience the questions annoyed Look here. do not stop much to examine an affidavit they are about to make when a debt they have already been swindled out of it. that individ uals otherwise straightforward and honorable. 251 . said he. to arrest a certain person. and him what he wanted. and so forth.OF WALL-STKEET. is in danger. As the attorney proceeded to draw up the document. and actually perjury committed. . he said &quot. &quot. and I will swear to it like a man !&quot. : lawyer.&quot. I going have often is heard respectable lawyers remark about a peculiar habit prevalent in our business community. namely. I must try and make it up. In this way many improper arrests are made.&quot. my object papers is not only to record some prominent events life. unfortunately characteristic of too many. . in my own but also to endeavor to show what on in a locality where I spent ten years of it. Besides.&quot. if to wit. in Water-street s affi who was engaged preparing his client is davit in an important case. He might have &quot. have carefully described it is this affair of Sol Downer. be cause in these what happens too frequently. And away he darted in the direction of his I own place. told The merchant had called on the attorney. he this. or The response of a large wholesale merchant to his attorney.

THE CLASS SPECULATIVE. and a large return. I in was with a strange repugnance.street&quot. My habits as a merchant had been so legitimate my theory of acquisition was so completely associated with industry and application. it engaged nature. unnaturally. It my age. at career. keep clear of all And here I may as well speak of a class who form one I element and a considerable one of the &quot. have un- . that I could not. events of the previous night and the incidents of the his speculative morning had quite driven Harley and schemes my head. While I was what called out the true and just emotions of my myself. or rather the severe habit life. reconcile myself to a speculative if I was in vain I argued to myself. am fortu nately possessed of a share in a valuable property or charter. was either cast down under a sense of a certain humiliation or buoyed up with the tering idea of suddenly acquired wealth. glit-. of a long this sort and correct business of things. said. the felt like moment I recalled my trans actions with is my new acquaintance I felt unnaturally I that the word. it can be disposed of so as to bring is me why that not ? a perfectly correct and it business-like transaction I could not say was not . . When on reaching my office I did think of them. or privilege. but my conscience.252 UNDERCURRENTS CHAPTER THE out of XVII.

his list of acquaintances. no cashiers and tellers of the larger banks. when a piece of property goes for half friend. and so realize a handsome profit in Or they encounter the owner of a coal-bed Pennsyl vania or Maryland.&quot. determined to take a short They have generally good connections. Tremaine and Mr. start a of nothing and work off the shares . But generally. but was because things were not managed in the usual way. and are cut to wealth. ordinarily twice or thrice. so Their wives spend a good deal of cially money. and do not know but that it is as easy for their hus and otherwise. and. few of them were appointed in getting tickets to the Prince s ball last year. I am sure. it as it was when they were It is true a in the whole These people are very respectable. I 253 do not mean the class of visionaries nor yet the adalready alluded to. he will. having failed in business. bands to furnish sale business. like Tremaine. nor any kind of broker. . and getting the control of find . and their cards were disposed of to the presidents. A portion they watch confine themselves to the home consumption an opportunity price.OF WALL-STREET. it such injustice is rendered to the &quot. have become disgusted with trade. They dis are in the best society. If the reader will run over upon the stage to suit the occasion. class aforesaid. James Algernon Harley. recognize some of this class among them. long enough to sell it again for some from its value. company out or they meet a man it. They are persons who. to which belong Mr. del-taken to depict. and by getting an advance from a wealthy it mfinage to control thing near it. with a good invention. venturor who from time to time appears and disappears but par excellence to the class speculative.

This gave brisk employment to the class James Algernon Harley belonged. people are not dishonorable or dishonest. for they seldom take risks. in 1847. From the quieting of the railway crisis in England. The gentlemen who compose this class are really gentle men. He is used to distances India And he was completely gorged all during the years just mentioned with inventions. to the breaking out of the Russian war. turns up his nose at them. in 1854. From 1849 to 1854 it was . It is true this class are generally so situated that an execution against their tels goods and chat board would probably reach nothing of consequence. and put where it is most plentiful. the favorite arena for the American speculator.254 parties sary. to which Mr. London was No will lesson of experience can teach John Bull. The operations of the other portion are more extended . they vibrate generally between London. who has a sure and reliable occupation. and sneers at the idea of their ever paying their debts. you the scene a good way and Australia. To be sure the regular man of business. Herein great injustice is done them. UNDE EOF B EENTS who will take it up. a perpetual gala day for .the travelled class abroad. these Sometimes. Would not take their notes for eighteen-pence. York up&quot. They at a first-class hotel. but not often. and have nothing to move when Still they change their lodgings. grants. and patent-rights from over the water. Paris and New &quot. No person is so easily galled if off. charters. but their luggage. mines sorts of schemes. advance what money its is neces and allow a handsome sum from earnings. He is an incurable but lay schemer. they follow the run of the money market. they get swamped in . for example.

Who performs and Who could riot cheat exacts to the uttermost far him mercy all requirement. and in in good society. thing. life confess that while I have a strong conviction. sharp-cut. and is such a life as would not lead. I the character I here endeavor to de have some honest. but from a cold temperament. lieve them. repulsive. a desire. because they are eminent ly selfish. Perhaps identical man himself! A man honest not from conformation. Every thing with is by scale and measure. no . it is not the petty cred times they are hard pressed for money. 255 itor they do. that the these people live I is not the life to lead. I confess.OF WALL-STREET. can be trusted with un told gold. lutely. Who is with out an impulse. you in accounts. Selfish and successful (as the world calls sue- . no allowance. driven nearly to the wall but something turns up to re if but who suffers. in the language of his friends. on the top of a new and successful adventure. . over-plausible. because it would disturb the proportions of his ledger. and drawing the line between I true. difficulty in what is and right. a large transaction . kind-hearted. Perhaps you don t. Do not start I mean the hard! visaged. true. Reader. Such men are always rich men. A who. angular. At . and just as you expect to see one die out abso find you him rearrayed in fresh plumage. these people it are generally agreeable. and a right-angled man who never violated a moral rule . this or that all justice. and perhaps you dread his com panionship as much as I. mathematically honest man such a person. and its opposite. an emotion. is but well-connected. pict. yet there is another set of men who are to me much more You know you are the principle. I repeat.

romance. an economical scale submitted to. &quot. an opera-box. There are parties to at tend. but in a different way. When things go adversely. for the benefit of the reader New York. the proprietor (Anirlice landlord) is accustomed to sit at the head of the bachelors table. The is best wines are called for without stint. of the fashionable hotels (Anglice taverns) of this city. and they they wait for another turn of the wheel. a similar scale is in dulged in. who that in pome spend money most freely decorous and praiseworthy habit this. the true essence of after all. and the dinner prolonged always into the evening. And life s so manage which is to preserve a great deal of this life. What cannot be reduced to a certainty. There is a great charm in a pursuit where room is left for the imagination to have full is sway. and generous in their expen diture while their money lasts.256 cess) UNDERCURRENTS being true : alliterations.* and are sur rounded by good fellows at least five deep. and which the treadmill man of business loses completely and forever by his iron course of existence. they occupy next the host. The ulative fascination is which attends the labors of the class spec easily understood. in the favorite hotel a seat If bachelors. and while. but en tirely subject to the calculations of a sanguine temperament. If married. . is sure to afford extraordinary pleasure and gratification after . and possibly a carriage (if matters have gone right) to provide for.&quot. and by pat ronizing smiles and gestures manifest his approbation of those of his &quot. To these persons the Eastern right is proverb applies wrong.guests&quot. I who would avoid the resides out of proper to state. The extreme of the extreme of To return to the class speculative. the is scene changes. The persons of this class are pleasant companions. * It is various experiences.

he himself. class I now re fer to is the counterfeit of the first class a counterfeit so first admirably got up that tion. too. he is full of talk about honor and honorable men. Among them city. There are. but always the dealer in wild lands . that in the classification I have made I do not include another species of the genus speculator. visits schemes and adventures between the two. I I said this sort of person never pays his debts. not. then back into getting an excellent trade dividuals the in who speculate at auctions. who spends his time in changing city property into country. rarely ! is the real estate operator. but it is only when he thinks he can double his indebtedness in the same quarter . other speculators. but there is one grand distinction The counterfeit has not a particle of hon esty in his composition. is an honorable man. street. according to his own showing. it is sure to deceive on inspec The appearance and same habits of both are alike. and who are well-meaning people in their way. .OF WALL-STKEET. The . and so forth.&quot. whom it is unnecessary to notice in this -connection. If any one presumes to doubt it he shall insist on an explanation. by the way. transactions. so also the associates and the associations. I beg to be distinctly understood. Those I Those I am about to describe are have just described are respectable. To be sure. and he never pays his debts. I still 257 admit an extraordinary sym pathy with them. affects the The man of this class He. and touching any money. and is mixed with various . and boards at the same hotels. whose transactions are ordinary and com monplace. which also figures conspicuously in the annals of the &quot. am wrong he does sometimes pay. London and Paris. career of these people.

they make few enemies. but who deal always in the curvilinear and so are grace and elegance in curves. going to give him he wants. hard-up for ready money. What is wonderful. who talks so ingenuously is about his situation . and he confesses himself. how it takes all spare cash to start so many is valuable enterprises. he decides what patronize. and what I call picturesque. or lie When appear to bring. as customary. and generally manages to bring. since it is sure to be paid in the end their hotel bills always pay oh yes. versatile. several re spectable persons along with him. man belongs to a rascals. bright-looking certificates of stock in a dozen different companies about to be launched. In short. for gentlemen he can afford to wait on so ! good a fellow. who never present This set of what I term picturesque far as there a straight line or plane surface. he calls for very expensive wines. in consequence. he makes up his mind. besides. the landlord reasons. plains. When our friend thinks . Once established. and thus at the start put the landlord under obligations to him. alluring. so let him stay. any one of all w hich. by arriving in their company. dollars. He frequently sends to the office for ten it and tells the people to put in the bill. shows him thousands and tens of thousands of dollars of fresh. he really of great advantage to the house. He takes occasion to to his make a confidant of the landlord invites him room. and really so interests the good-natured host that he feels it is would be cruel to pester his guest with weekly bills. and ex one s apropos de rien. . and thus induces others to do the same. these fellows are essentially graceful. by doing hotel he will comes to town. when r started. of course.258 UN DERC U BKENTS so.

dinners. with his nice discriminating qualities. good seat at the opera and so forth a great deal being contained in that and so forth. He manages so to put every one of these people under some species of obligation to him. good a Otard and brandy and Havana cigars theatre. collects his dues judiciously. not a warm impulse beats in his heart. These enterprises have not quite yet culminated. In the same and quits the house as a gentleman way he arranges with his and his boot-maker. that they can t for the life of them. . abuse him. who expected who really hoped to pay one day. so he gives the landlord a note at ninety days for the sum due. it 259 time to leave the hotel. . him these he helps is himself to them and since the world wide. Since the world owes . if our gentleman was really a to succeed. &quot. a fast horse.&quot. politan cities large. insists on leaving four times that amount should. through his zeal in recommending customers. and metro with an ever-shifting population. it is because his various enter prises take him elsewhere.OF W ALL-STBEET. Now. &quot. enthusiastic man. the best oyster suppers. right. He makes up living. and sanguine. or by doing them some little favor. calculating. his w^orld owes him a but it mind not only that the also owes him champagne. his blood is cetaceous.&quot. and manages his various expedients as the Scotchman said to get drunk soberly and with discretion. he. ity for him but this is not so. tailor in all good stocks. is . one could have some char He is a cool. adroit knave .

which clergymen must be experienced in order to secure a change of heart.260 UNDERCURRENTS CHAPTER WAS I I XVIII. My if wife was a member of the church. was for a time undecided whether or not to carry it along with ray narra tive.&quot. as a make-believe sentimentality born out of mere weakness under the pressure of surrounding troubles. was not what called re ligious. RELIGIOUS? I AM about to touch on another topic. I myself was a believer felt tell in the truths of our holy religion. finally discarded when appeared. and as I desire this reverse and so. But I had never the us saving influence. exemplary and good. and my mind was more calm. need of mortal ever was. its consequences to be fully presented. &quot. to piety. After I had become es tablished in I mock my humble on abode. began were not I to reflect. As have already remarked. to a consid what I believed to be a kind of sentimental from a desolate sense of my misfortunes and an instinctive desire to find a safe shelter all this as it from them. I determine to do I refer to my re ligious feelings. So that I a My good sense rejected it not genuine. its &quot. sacred lessons of my is childhood full me they now came up with I force. . lost The . I erable degree. but as it is intimately associated with my reverse of fortune. springing have already mentioned that I was subject.&quot.

it seemed house as if GOD was nearer to me than in the handsome in Hnr. with hundreds of thousands at my com mand. I dare not undertake it as a genuine performance. religious instinct ? When The the devil was sick. when Yet I had neglected do so days of my prosperity. I say. The devil a monk was he When I repeated frequently to myself as I asked the question. Place me suddenly back. to a desire to rise to the height of true be a good man. . Broadway. piety. I frequently felt in that little quiet home. poor as I was and al self-deceiver. the devil got well. starving. I could not act on this. com mune with GOD. devil a monk would be 1&quot. reader. I could not afford. You most see. and what Avould become of the where would go those pious aspirations ? &quot. I frequently felt the desire to pray to But I repressed it. After I had become domesticated in our 201 new abode. Yet I did believe out of these stormy trials I . shut out from a wish to the world and so forgotten by the world. or later with subjects which concerned the But I did feel that PROVIDENCE would sooner in work out is me His own purposes. which admits the idea that every human being is the direct and immediate subject of GOD S watchful regard. I could not escape from the con it viction that was a mockery to to supplicate in the my MAKER now. But. There nothing to compare with the grand Calvinistic doctrine of INDIVIDUALITY. In no such strong degree did I feel faith or courage.OF WALL-STREET. to become a hypocrite or even a I did not dare to trifle GREAT future. working heroism out of the egotism of mortal man.

change of feeling or purpose. So I daily asked If you were restored to wealth. unnatural. . purified as by fire. Its effect chilling. why should which I not yield to some of the pleasurable sen sations always produced ? Might it not. as I thought. unfriendly and attempting to cultivate. as I his presence have hinted. if tasteful. but developed. until the former got to be dis I asked myself why this change ? Was there about or what he which should Harley. not the result of a manly effort to do right. to gain fairer and clearer &quot. by the depressing circumstances which encom passed me ? answer the question. as I was convinced. morbid. to afford me happiness and tranquillity. any thing proposed. when my acquaintance with Harley on these religious developments was The thoughts and emotions I was commenced.262 UNDERCURRENTS &quot.duty. be possible that the feelings I was en deavoring to cherish were sombre.&quot. but leave the reader it I shall not here to trace out the response to as the narrative proceeds. and which were. I knew I could not take credit for any length I began. should by-and-by come. in the former days. on the other hand. At views of and to enjoy more of that calm spirit which is so comforting. in any way conflict with my sense of right and honesty. how myself the question : would you feel ? what would you do And so long as I could not answer it. now gave place to feverish and disturbed ideas. except to say I should become as I was ?&quot. not.

cern was at the time of stopping payment a mere There was also a good deal of fluttering among the houses who were it really solvent. exchanged acceptances largely with other and their speculations turning in the street at the out badly. In fact. since both were worthless. nil. and indorsed only by them . they will sell as . with Alworthy. for the same object. They had given Alwor thy about ten thousand dollars of their promises to pay. an As is usual in such instances. the assets were &quot. after protecting the confidential. and had received a like amount from him. Now-a-days they manage these and if matters better. Pemberton. for the purpose of raising money.&quot. ALWORTIIY AND COMPANY. by having notes drawn to the order of the makers. They had houses. I fear. in proved an even thing. There was considerable sensation nouncement. they broke.OF WALL-STREET. and who had exchanged notes the belief that he was so. As these last were negotiated with their indorsement. both amounts would come against them. the con shell. 263 CHAPTER ALWORTIIY and Company XIX. failed just three It in weeks after my eral negotiation of their paper. With others Among might be classed our new friends Pollock. Ilollis and Company. these last. turned out that for sev the habit of putting their months previous they were also own notes on the market.

and in battalions. evidenced by a gradual rise in the rate at they become unsalable. till Still there is a class of shrewd but greedy money-lenders. by which I received the most of the Alworthy paper. and paid them a certain I amount in cash. a little operation with them. which their notes can be disposed of. and the bal ance in real estate. was a good deal exercised when I learned early one morning of the failure.&quot. thank fortune. knew nothing of when I offered However. I took the furnished one directly over theirs. but always charge enormous rates.264 &quot. Except signs of in a great crisis. which carries down is business-men suddenly. and as I wanted an office for a few months. for fear it would prove calamitous to Harley. and who sometimes meet with a heavy I loss. my name is not mixed up with them. Hollis and Company I ?&quot. said. besides. thought you were interested with Pollock. I confess I have had my I suspicions ever since that sec ond batch of paper. a first-rate fellow. and helped me in the trade. &quot. am quite satisfied with the bargain. the knowing ones soon discover which probable disaster in a firm. &quot. It is true I have known Pollock for a long time. UNDERCURRENTS paper. sell They tried unsuccessfully in several quarters to this fact the see I notes. and put he me quite at ease on the subject. the news about Alworthy ?&quot.&quot. which you the &quot. Pemberton. first. He came in my office shortly after. I told &quot. But Interested ? not to the amount of a penny. who are tempted by high prices to purchase paper of this sort. single-name all responsibility is avoided. Have you heard him I had. So you . I had.

good friend. &quot. say. Had all Alworthy s speculations would be right. and his father.You he continued. replied Harley. razor.&quot.&quot. the matter. don put such a long face on &quot.&quot. and struck out they fell smooth and keen as a heads.I declare. and they must accept the fortune of war. remind me of the Englishman who was miserable all his life for fear his country would never be able to pay the national debt.I a gambler. would not have &quot. replied Harley. but Alworthy was reckless. fall. and nothing &quot.had I known all this.&quot. The loss in this case falls just where it ought to on the note-shavers.My else. a little wild by turns. and charge accordingly. offered the notes. I remarked. &quot. He was &quot. am more them. in with Alworthy. Now.&quot. &quot.&quot. for their regular business. At be too ambitious.OF WALL-STBEET. I can only trade 12 but gambling. thousand dollars for the sake of establishing his to last light as But they got and left. is So they had.&quot. True.&quot.I should not have taken them. pray. am sorry to see a man 1 of your excellent sense misled by that humbug word legitimate. They take the risk.And had I known it. t &quot. a bold bet against Providence. all As is to Alworthy s being a gambler. &quot. seeing I looked grave. put son.&quot. who is and he put very expansive notions in their &quot.&quot.&quot. His transactions were not legitimate. . who in ten You is see Hollis a rich man. &quot. in cotton turned out differently. I I exclaimed with some warmth. 265 obliged to you than you supposed for negotiating But I understood you to say they had abundant capi tal.

and you shall much more satisfactory our labors are than any will retrieve you have heretofore undertaken.266 UN DER C UHKEXT S that there will be such and such a market.&quot. have all. don t talk to &quot. His fate. after a else. and such and such a supply. tion in &quot. like the man who on the red or the black. so sanctimoniously about legiti So. don t mean went through the horrors of those to gamble any more in trade. there w^as matter for reflec Come. pronounce him the most unfortu I have been fifteen years in busi failed twice. a merchant is not only a gam bler. let us speak of something side. s observations. me mate transactions. I was surprised to see with wiiat . His results cannot be calculated speedily like those of the stock gambler. pause. Harley he said cheerfully. I nate gambler of them ness. He never knows.&quot. pray. on which depend such and such risks. Soon you confess how your fortunes. I was as usual lifted up above ordinary events by the seductive language of this man. that I repeat. is is dependent on the good or bad management of others. I perceived that I had touched a delicate point. his We sat down to examine several projects. for much will have to be done here. just where he stands. I must get ready for the other lars and you must make yourself master of all the particu of my various enterprises. but the most unfortunate and most miserable of the risks whole gambling class. too. Yes. and I did not debate the subject. I in purgatory. Indeed. and so mixed up with incidents and occurrences beyond his control. and such and such profits. but he is forced to take hazard after hazard before any one of his ventures is determined. little &quot.

order and precision
tified copies
all his


documents were prepared.


of charters


original patents

searches of

powers of attorney, which were always
the largest extent
so forth,




accurate descriptions of property, and

and so


and the


ing his plans for

was amazing to witness the read which Harley displayed in explain each particular scheme. This would be
limited responsibility

out by a

company under the


That, he was certain a well-known broker would take
his solicitors,

Another would engage the attention of who would manage all the details. Haiiey s


Morley s, then the resort Americans in London.

would be


for the majority of

The day was consumed


these various examinations.


I rose to

I forgot I

go home, was myself so much elated that had quite neglected some important business for

a valuable constituent, and that it was now too late to at tend to it. Indeed, I had. begun to taste the intoxicating sweets which are a part of the luxuries of the class specu


pared with what

former operations seemed so insignificant com now lay before me. As I walked up
I looked with



sort of pity on the


workers pushing homeward.


a glorious hallucination



an ecstatic state

of brilliant hopes and joys






classmate in college, and I

was perhaps more intimate with him than with any other student. He was an orphan, and was adopted at the age of fourteen, and educated by his uncle, who was rich. This
uncle had sent Ralph to Europe.


his return,

he took


his residence in Cincinnati,

and shortly after married a

young lady from New York. He occasionally visited this He rose city, and when he did was invariably my guest.
rapidly in

profession, for he

was a man of


genius, but his
loss of his

was clouded by a great misfortune the When I saw him last, in 1838, the children.


snatched away.

and only remaining of four, a daughter, had just been She was a lovely child, about ten years I never saw him dispirited before.

"My friend,"



gone, and I do not


to live




returned to his
in the

home more

gloomy than when he

left it


autumn was

with a bilious fever of a malignant type, and died. I was ac quainted with no particulars, but supposed my friend s cir cumstances were prosperous, for so he had in general led


to believe.

lection of our early

And, putting away in my heart the recol and later intercourse, as one of the hap-



and saddest of


memories, I


thought another

scene out of that drama was
I called

to be presented.

on Mrs. Hitchcock the day following the nightscene which I have already described. I found her appa
needle. rently pretty well, and quietly engaged with her of She received me politely, but without a particle alacrity

She exhibited the spectacle of a refined and gentle nature, so broken by a hard destiny as to lose all sympathy with this world s currents, while she calmly
or enthusiasm.

awaited the termination of her


Even when

I stated


intimate relations with her husband, I could not perceive

that her eye quickened, or that her countenance gave any

sign of increased interest.


she conversed freely with

me, and gave a clear but condensed account of what had transpired since her husband s death.

appeared the young doctor had offended his uncle, by

going to the West to commence practice, instead of settling in New York. Ralph was of an impatient and an ambitious

and believed he could


more rapidly

in that fresh

and growing region than

an older place.

He was

not ob

His uncle reproached him for his stinate, but high-strung. His reply was, Whoever reminds one of an ingratitude.

obligation cancels


and uncle and nephew parted, and

never met again.

He went
set to

once to Cincinnati, and, as I

already knew, married soon after an interesting girl from


York, and


to conquer a position.






sent to his

uncle, without

comment, a certain sum,

he had, according to

a liberal calculation, reimbursed the old gentleman, princi


interest, for

every possible expenditure incurred on

his account.



fault of

Hore was the




nature, half

origin deep and perpetual recollec tion of a taunt or Much as we had con unjust reproach.

noble, half evil in

ferred together



and otherwise, and intimate



had been, Ralph never alluded his uncle, and I now heard of it

any disagreement with

for the first time.
until his children

went happily with Ralph

as I

to die.


bore up against the repeated blows
his eldest


have before stated,





was the



knew what

a sensitive and impressible nature

the rapid, energetic medical


carried about under the



His heart-strings snapped.
depths of

In vain his

wife, herself in the

sought to console



had no



so the fever found

him a most

favorable subject, without any nervous resistance, or appa
rently vital energy.




property besides his

furniture and medical library, horses


For he

had lived generously, and, had not counted on what

like too


professional men,


after death


the family


are left behind.
for a while, assisted

The widow struggled on
resource, boarders.

by the




into the


after the death of her husband.

world nearly She was em

phatically the child of sorrow.

Unlike the other children,

she resembled her father;
great maturity of mind.

and from infancy manifested

With this she exhibited to an un happy degree the peculiar sensitiveness which was in him so striking a characteristic. She was full of every generous and tender emotion, affectionate and pitiful in the extreme,
but proud, quick, violent, and impatient

very passionate,




L- S T




on occasions
fitful as


neither obstinate nor wilful, but

she could


the wind.

Mrs. Hitchcock, unfortunately, had

yielded to her imperious temper; the


so, as

see her husband in every burst and outbreak; exaggerated,
it is

true, but the more striking because exaggerated. After several years of hard work in Cincinnati, the furni

ture needed replenishing, the rent of the house

was increas

two of her best boarders had gone away, and Mrs. Hitchcock was in despair. About this time she received a
from a cousin in New York, an estimable lady, as the world esteems people. That is, she was rich; she was a church-member. She contributed largely to several of the She was presidentess of one, and city benevolent societies.

a directress in half-a-dozen.

She was,

in fact,

one of a large


like the

Pharisee of old, thank

like other people.

GOD they are not This lady had married rather late in life,
child, a

had been blessed with one



and, as



pened, just the age, within a few days, of the pet lamb of
the widow Hitchcock. With all her cold philanthropy, her formal religion, her tiresome deed- work, her labored chari


was a spot

in this



heart not quite cover

ed by the armor of self-righteousness and formality. loved her child. That single, simple outlet from an
unproductive heart, betrayed the existence of a


vital point.


cousin, Mrs. Hitchcock,
at school together.

and she were

girls together,

Then, the latter was

in a far bet

ter position than the


wife of a rich merchant, and was

looked up to accordingly. But things had changed. Anne, then a bold and showy girl, had made a


and finding nothing to love in a leather-hearted



man, twenty years her senior, had, fortunately for herself (for she might have laid hold of the other extreme, and dis
graced her family), taken to piety for occupation of her
leisure hours, ambitiously aspiring to lead the feminine por

tion of the congregation.
for Cincinnati.


cousin married, too, and left

Shortly after,

Mrs. Hitchcock



a lawyer, departed this




most lawyers,

who who

are said to
for his

work hard,

live well,

and die

left little

widow, who went

to take

up her abode with her

only child, and survived her husband but a few years.

Mrs. Lemuel Dings, for some reason or other, always kept up a correspondence with her cousin, Mrs. Hitchcock.

Perhaps she thought, after all, that the old uncle would re lent, and at the last moment leave his fortune to the Hitch-

Perhaps the deference the family paid to her better position in society, still had a certain influence with her.
worldly-minded but professedly pious Mrs. Dings found a visitor which she had talked a great


At any rate, when the

deal about, preached and prayed a great deal about, and

professed to have no sort of fear


suddenly an inmate of

her house, lodged in her

of her heart


own apartments, close to what was when DEATH in actual presence presented
not her husband, but her child


and took


poor woman was

After the funeral she went

about the house very sad. She found no consolation in those precious promises of Scripture which she used to make such parade of. After a time she remembered the child of her cousin,

how handsome


was when she




only the year

before, during a tour

West with her husband.





contemplated the idea of adopting that child for her own. It never occurred to her, that her unfortunate cousin would
herself be bereft of her only source of happiness, should shp

succeed in stealing away her daughter. It never occurred to her to let her charities flow in the direction to relieve

and make her happy with her child. Oh no, not for a moment. But she feared to write, and propose bluntly to receive Matilda and adopt her as her own. So
that cousin,

she wrote, proposing that Mrs. Hitchcock should remove

from Cincinnati to


New York. She explained how easy it with the influence she, Mrs. Dings, could exert, be,

for her cousin to live very -pleasantly,

and support herself very comfortably there. This letter came at a time when Mrs. Hitchcock was perplexing herself about more furniture

and how to pay a higher rent. The poor woman began to be very weary of life, as she had found it since her hus and she welcomed the idea of getting back to her native city. So, after some correspondence on the



subject, but without




she decided to


The few


remaining to her

were sold


Mrs. Hitchcock, with Matilda, took leave of Cincinnati.

Arrived at New York, Mrs. Dings received her at the steamboat landing, and conveyed her, not to her own hand some mansion in Fourteenth-street, but to comfortable







called a



in the Sixth


Justice to Mrs. Dings




to say that the building was new,

and of the better
belonged to Mr.

description of that class of edifices.

Dings, who,


was to be hoped, would not prove a severe
fact was,


Mrs. Dings, considering the




E E C U R ii E X T


tion of her cousin, and the very slender


at her dis-judiciously,


really calculated judiciously for her

any generous impulse, she had come to the icy decision as to just what was best for such a person (that is, any such person,

but out of a very cold heart.

Without indulging

out of the question), in just that reduced situa


She intended, not because she indulged

any kind

emotion, but in order to



to a sense of





needle-work in her cousin


to enable

her to support herself.



due time, she would broach
Mrs. Hitchcock, though

the subject of adopting Matilda.

wounded by

the course pursued

by the

charitable Mrs.

Dings, had good sense enough to make the best of her

was growing very

Matters ran along for nearly a twelvemonth. her mother began to fast


necessary education


for her.

Mrs. Dings,

how who had

watched the progress of events,


made her


tion, at, as she considered, just the

right juncture.



could not listen to


But poverty

a great per


she, at length she

herself, to stand in



of her child


She decided she



But how

to prevail on Matilda, for her love for

her mother was unbounded, and her passionate nature would


length she persuaded her to


the experi


was not

insensible to the allurements of a


with servants, a handsome carriage,

which she was to

Her mother dared not
seldom, and

and a large variety of pretty dresses. tell her she would see her but

Mrs. Dings would have in the future

She became more and more bitter toward the world. by the memory of her father. &quot. in which she enjoined her. exclaiming : I will wants me 4 never go back. she revolted against it. Hitchcock kissed her child. and restrain her violence of temper. Three days passed without incident. Hitchcock did her best to support herself and daugh ter. You are my mother. She previously had a long and earnest conversation with Matilda. and gave her up to the woman who had coveted her so much. The latter had become skilful with the needle. Hitchcock was the separation. She delighted at times to go into the al- streets. could not endure very lonely.OF W entire control over A L L. Mrs. I will not. the her actions in her place. I will call no one mother but you This was the denouement of the to rob the poor selfish scheme of Mrs. worked industriously for her mother s sake. I will not do it. and looked with almost hatred on the rich. Matilda s promises were interrupted by tears and hysteric sobs. and soon managed to lose sight of her altogether. and though impatient of restraint. haughty. mother. self-willed nature.S T K E E T . am forced to record that with its failure she ceased to take any interest in her cousin s affairs. I Dings widow of her only child. Mrs. !&quot. I will never go back. dressed like a pauper. into the room. yet always manifesting evidences of a proud. She would not humbly submit to her destiny . and was beginning to feel she when late in the afternoon Matilda rushed and threw herself into her arms. change was made. and by a mother s love. 275 Well. The woman She says I must call her to call her mother. &quot. Mrs. and watch with feelings . to curb her impatient nature.

and her poor mother was sadly exercised about her. At thirteen she had acquired nearly the stature of a woman. before that stormy been attacked in such a night. manner. facts which afterward came to my knowledge. What resulted from it. I found she was not but it in actual want of the necessaries of fast was evident her constitution was breaking down. life. learn in due time. to Alice. Hitchcock and her daughter a visit. and that her days it were numbered. Hitchcock had never. who and from It Such was the story which I gathered from the widow. I repeated who the next day paid Mrs. After gleaning this history. appeared Mrs. the reader shall . since her all expanding beauty already attracted the attention of encountered her.276 U XDERC UKK EXTS most of malignity the carriages as they rolled along.

my friend had thought best to remove his office from Pollock s. as he at intended. active place. AM S. with few visitors. filled with people from night.non-industrial&quot. it was morning till A trans ferred into a bustling. office. very agreeable people too. 277 CHAPTER D A Y-D BE XXI.OF WALL-STREET. now became fully acquainted with the class ycleped &quot. and make it the en Georgia pine betwixt the interior and England. Harley expected to leave in a and it I was to be so closely interested with him. retired room. we thought best he should remove to my office. tion of a large screen. in shipping pure spirits to Bordeaux and have returned a of French since brandy. by the ready adapta easily converted into two rooms. whole line of coast. For. The consequence was. . few weeks for Europe. especially as he first it had concluded not to engage with first-rate article that firm. by severe and rigid people. since the Alworthy failure. in place of the trepot for It was proposed to erect a city there few scattering houses. to be sold in bond. They were generally the parties originally interested in the schemes which Harley had undertaken. a neglected and claimed to be one of the best havens on the position. I we which. GREAT change came over the appearance of my From a quiet. I recollect being most interested in a gentleman who wished to call attention to the harbor of Brunswick in Georgia.

278 This UNDERCURRENTS man was very sanguine of becoming a millionaire and of making Harley a millionaire also. guided by the extraordinary talent of his friend (to whom he had given a written contract to share equally). Harley s genius to make He lived well : ate good dinners. was always cheerful and encouraging But unfortunately. and proceed to develop the resources of his native state in a It is manner serviceable to all parties. and was desirous to available. office in fact. telling money to Delicacy forbids my going into particulars. quite unnecessary to make mention at of the many schemes presented to Harley. our own way. will I will allude to. and what became of the machine. who was it possessed of a large landed avail himself of property in Georgia. the more my became frequented by these sanguine gentlemen of . He was a liberal. my office was now filled with individuals who it all were about to realize fortunes. I repeat. and waited with patient capital good-nature for the auspicious day when English should cross the water. and hope an old acquaintance pardon me for recalling an instance far forsook when his usual good sense and shrewdness so ear and a him that he actually lent a serious good deal of flying-machine. drank good wines. but as promised so much the ocean could be traversed in a few hours with ease and without danger it so far found favor in Wall-street as to induce the in sufficient gentleman just mentioned to put build one. who re it jected it on the spot. once rejected One. which were as altogether too visionary or impracticable. The tone of conversation . whole-souled fellow. however. we had reader. money toward the construction of a This was first offered to Harley.

wherein my first ambition had been be wondered to make five dollars a day. I found myself tak This was ing less and less interest in what I had to do. or if successful.^ Without exactly withdrawing from it. The conversation of men about every-day affairs became insipid. Indeed. may say I knew just what I was had possession of me. . on what I was doing. I became very irksome in view of the large sums course of a few months. soon perceived by readily divined. I I was fully en lightened on the subject. of was certain of realizing in the me to be still Harley thought it very ridiculous digging away at what he called my break . it was too much occupied to think about it. I had . To run about all the morning without success. for I had experience.OF WALL-STREET. Possibly the reader I wonder when I now look back will wonder at this avowal. was not long heart and soul in the various schemes before I was engrossed O which Ilarlcy had under preparation. the future.-. world shared only by my companions in exalta and if occasionally I permitted any foreboding of the issue. my constituents. back work. it is not to at that I became disgusted with the petty la bors of a note-broker. where no sums and from these under tens of thousands were spoken numerals as a minimum up to fabulous amounts. or any distrust of the results to cross my mind. to secure but three or four dollars as the fruit of my industry. L 79 was my distaste for my daily occu Listening continually to remarks of. But all that. I can compare its effects only to what is produced by the extraordinary stimulus of wine or tobacco. about. the greater pation. and the result can I be By degrees my business fell off. a certain hallucination I lived in a tion.

less I grew silent and dis spent time at the house with the children. ful and find in his ever-cheer companionship a solace against any fear or foreboding. I no longer talked with her as heretofore. One thing proved a source of constant embarrassment. where I could talk over our plans with Harley. began to feel a nervous restlessness to get back to the scene of so much promise. interesting to her in consequence of her intense sympathy with every thing which concerned me. Did I not fear child as she was. It is remarkable how . especially as I from day to day but shadow ? That was gave Alice to understand over trait affairs 1 was losing the substance a sure support while I grasped at what might turn out it.&quot. and unsophisticated sense. hopes and expectations would seem visionary and delu sive. he should he Europe. He finally said I call. left for &quot. fully competent to reassure me. I could not explain to her just what I was doing. And while in a general way I that I had undertaken several busi ness matters which promised largely. taking care to invest on But the really control of the money on perfect security.280 UNDERCURRENTS my friends. and helped to heighten the day-dream which en tranced me. and even when at home. and hoped to achieve. Why my couldn t I ? that to her clear That was the question. was exceedingly prudent. I said my business diminished. made me feel richer than I was. I have observed that I was in the habit of informing my daughter of my daily plans and various business details. only to cheer myself by conversing with some of who were yet called on me till for Harley had not the seven hundred and odd dollars which he had desired not require it me to retain. Now.

the same time. and did not know. I have already five ahead. and congratulated me on my doing so well. a few thousands must come hundred dol s. it had abandoned me. did not present force or seriously. and I did not tell him I had abandoned my original occupation. things went on I pleasantly during the heyday of that speculative dream. seemed as if I were de ceiving him by receiving them. in the Not that my time was really entirely taken up new schemes. 281 not in earnest in soon the world discovers when man is what he is about. lie was not familiar with what I was about from day to day. Nor wood was deceived. so that I could not endure the tranquil uniformity of ordinary life. sand dollars out of the proceeds of the sale of the old house. so lie and we shall yet have between two and three thou says . My friends perceived the agreeable change in my appearance. besides the five hundred dollars of Alice I can at any time draw for what is necessary on Harley. the one I had selected required perhaps the most assiduous attention. so that I was soon spending at the rate of At two thousand dollars a year instead of fifteen hundred. The reader will not be surprised to learn that before Harley got ready to sail for Liverpool I had quite abandoned the occupation of note-broker.OF WALL - S TKEET a . But how was I to live. or And why ? I have already rather. However. but because attention to them absolutely unfitted me for any steady occupation. under any circumstances. Oh lars ! in all these various projects. and deals with him accordingly. Even Mr. I insensibly adopted a more generous style of living. Of all occupations. . It But his con gratulations embarrassed me. explained. meantime ? Even so serious a question did not itself in embarrass me.









was considered

to be in a prosperous way,


I really

fancied myself so.

If called on for the reason




have waived the subject, for
I took,

could not give any.

however, some precautions, although Harley had repeatedly intimated I could rely on him for any tiling. I
seized an opportunity to explain to
in these various affairs

him that



quite prevented attention to any

His reply was every way satisfactory. fully comprehended it, he said, and supposed from what had he already told me, that I distinctly understood he was
regular business.



my business would be sacrificed, and he intended to my mind on that head by authorizing me to draw on

him, pending negotiations, for what was necessary for the If the reader could have support of myself and family.

witnessed the kind manner and appreciative tone of Harley while making this communication, he would not wonder at
the effect

produced on me. Nothing could have been more generous, and such confidence did this man inspire by

his extraordinary address, that the failure of

any one of


plans seemed impossible



the word, impossible.


now home were happy again. Oh how I or distrait.

felt at ease with respect to the future.


days at


was no longer absent-minded

did enjoy that period of repose

from anxiety and apprehension.



IT was not


February of the new year (1849) that
sail for

Harley was quite ready to
tion to have


His determina



in unexceptionable

before presenting them to the capitalists over the water,

But at length every paper was in order. of Exemplifications public documents, certified copies from
led to the delay.

public records, elaborately-drawn powers of attorney duly

executed and acknowledged, and properly authenticated said Har both by the English and French consuls






decide to operate in Paris as well as


a large, substantial, iron-bound box, to us the true
stone, the real elixir for transmuting into gold.


Prior to Harley s departure, I refunded him the money which he had left in my charge and which I knew he relied on for immediate expenses. He would take no interest,

although I had received not only interest, but several
missions, from


touching the it will never

employment. He even apologized for You know," he observed, money at all. do for me to go out to London in any other

character than that of a


of wealth.


poor devil


John Bull
hits in


special abhorrence.

it is

his severe

America, he


the place to realize for


And on

account of his

own prudent

he can






live like



should not be

as rich as nabobs.




wife with





hire a

handsome furnished house

open spacious

offices in

the city



my brougham

with a spruce tiger

in livery,

and drive into town

at precisely the

same moment

of time every morning, and leave just

as precisely every

This will show several things

that I


a very

independent fellow

as if


very punctual and therefore a thorough man of business. he added after a pause, in which it seemed see,"

that I


as well as

he were contemplating himself descending from his and marching carriage in the neighborhood of the bank,

with an easy, much-at-home air into his office, you see, my friend," he repeated, nodding complacently,
that very




Harley actually


the country to carry out his various

of rich plans, including the play
lars at

man by


up an estab

brougham and



than a thousand dol

command, and with no resources beyond what could be derived from the contents of the aforementioned large
iron-bound box.


the regular business


will sneer at the


tures of




For he regards such people as

pests in the

community, because they live so much at their so charmingly the part of capitalists. without and act ease, man having a dollar of capital. And yet this same regular
of business looks at the


of speculation with a species

of envy akin to that with which your severely virtuous woman regards the free-and-easy manners of some stylish a lady who, her reputation having become





limits of independently places herself just outside the

severe propriety.




I did

about Harley, would you not

suppose I trembled

for the result of certain drafts I

was to

draw on him
ject gave

to defray immediate expenses ?

Yet the sub


no uneasiness whatever.

Indeed, so fully did

I believe in his ability to accomplish his objects, that I for

bore to ask him for about two hundred dollars, which



hundred laid aside, because already expended out of the five I perceived how important the money would be to him at
the start.
in writHarley was particular to put our understanding ino- before he left. By it I was to receive one-fourth part

of the net profits to be derived from the various schemes lie had undertaken or should undertake in connection with
his present trip to


reader to inquire


Perhaps it may occur to the was to be of use to Harley, at least

to such an extent that he should be ready to let


into so

considerable a share of the results of his enterprises.


was myself

at first a little at loss

on the subject, but
all his plans, I

in get

informed of ting to be thoroughly
this side.

saw how




to have a reliable coadjutor on

Besides, I


some valuable correspon

dents there, and
ing himself.

could materially aid Harley in establish



precisely at noon,
Hibernia" left


Wednesday, that the Canard her dock, with Harley and his wife


the passengers.

at the idea of

Mrs. Harley was especially delight had not acgoing to Europe." For she





11 11 1:



companied her husband on his previous trip. My whole family went with me to the steamer to see our friends oif

we had become very well acquainted during the winter. The children were much delighted at every thing they be
and Alice played the matron astonishingly well. As I bid Harley adieu, it seemed as if I had been well acquainted with him all my life. His cordial, whole-souled GOD bless

struck into my heart. We watched the steamer for you some time as she worked slowly down into the bay, Harley



handkerchief at intervals,


of us returning his


he wr as no longer to be seen, and with a

parting glance at the ship,

we took our way homeward.
Indeed, the

I expected to feel lonely after his departure.

next morning I found myself quite below par in





however, some of our friends who,

were interested
ley had


one or the other of the enterprises Har

in charge,



and the day was spent discuss
In the course of the

ing various points relating to them.

two gentlemen, hearing I was concerned such negotiations, came to introduce new projects to me,

week one




time was quite occupied with examining these and

others which


fell in



I have stated that I gradually increased


daily expen

Strange, you will say, since I had thus far
at all out of



any of these schemes, but on the con


had already spent tw o hundred dollars of what I my principal. But the future was to be my paymas
I trusted to




adopted, therefore,


advice to occasionally invite to dinner some of the

who were

interested in the

most valuable




This threw a cheerful


over our house, and


Alice especially happy because she believed it a sign of re newed prosperity. In return, many were the charming din
ners I

was invited

to at several fashionable hotels of the city.

remember one given at the Gloria Hotel by the Georgia gentleman, who was proposing to develop the ca It was a very delight pabilities of the port of Brunswick.
I well ful


ten covers.



of fare was printed on


commencing with

Saddle-Rock oysters on the

and followed by all the delicacies New York could The wines and liquors were superb. At that din ner was the agent of a British capitalist, who had come at



suggestion to examine and report generally about

the property, and also the facilities for cutting and trans

porting the pine timber on
the port of Brunswick.
profession, not in the



also the

depth of water


This person was an engineer by

but selected for
terest of the
last a

permanent employ of the capitalist, Of course it was for the in the occasion.

Georgia gentleman to produce from


good impression.


therefore opened the campaign

with the dinner at the Gloria Hotel.

This was followed by

other agreeable attentions, until both took their departure
for the

famous harbor.

to allow the agent to

For our friend was too sagacious proceed by himself, not that there were

any untruthful representations made respecting the enter

but the fear was, that other parties, jealous of his good fortune, might get the ear of the Englishman and un derbid their neighbor in the price of pine timber lands, of


this particular

person certainly had not the monopoly

in that district.


safely with his wife.

In just one month I received a letter from Harley.

had arrived


already had a most

interview with his


Every thing

looked prosperous.


write fully next steamer.


that time forward Harley proved a most regular


He was

a voluminous letter-writer.


measure of success, and every shadow of adverse pros But there was very pects, were vividly daguerreotyped.



to a


of Harley


temperament, so


He was remarkably epistles were generally inspiriting. to each particular scheme was de clear and methodical

voted a certain space, and headed accordingly.

Under each

head were


remarks, requests, or instructions.


times fresh documents were required for this


mation to be forwarded about that
a third, and so on.




set of papers for

was not long before something


appeared to be

gradually working out of the innumerable matters in hand.

To be

John Bull was not

to be hurried.

Yet Harley
no time.

understood his character so well, that he
length a


company was formed under the auspices of

enterprising solicitors, for working the Tennessee Copper


provisionally," it

based on the report of a



man, to be sent immediately forward. So far so Again, a wealthy broker of Austen Friars had con

sented to send an agent to Lake Superior, to investigate the
value of the property which Harley had offered for exploi


California mines promised






London, Harley wrote, was crazy after them. Those were bright days, indeed, when each successive




Harley had been successful in procuring a delightful house, in which he was At installed, and his plans were all working to a charm.
steamer brought some favorable tidings.
the end of two months I drew on him for one hundred
personal ex

pounds, to cover, according to agreement,
penses, and
also certain disbursements



in the

course of




was duly honored, and it is impossible to transports on experiencing this first evidence

of success.

There was something tangible. only amounting to what I had disbursed, but

To be


included a


Harley, meanwhile, was careful to explain that
necessarily be



some time before

profits could




managed, he

said, in his various operations, to


for a small


to be raised on the provisional shares, or


the various conventions he entered into.
for the cost of

These provided

examining property, and other incidental matters, which Harley took good care should cover his ex
penses and



In this



brougham and


were sustained, and a very nice time generally inaugurated for Mrs. Harley, while my own drafts, which gradually in
creased in amount, were promptly met.

was not long before Mr. and Mrs. Harley were pre

sented at court, and soon found their


into society which,

had they been born


England, they could never have en

But, as wealthy Americans, residing abroad, whose position was assured by their ambassador, and who stood
well financially with their bankers, the entree to fashionable

was easy and


There, for the present,



leave them.

by cholera alone reach ed one hundred hundred. and I began to So. I was happy be able to aid Mrs. New THE CHOLERA. luxurious sensitive as to their hold on sudden and sharp. By the middle of July. It was the poor. I felt This account soon ran up to two no great apprehension for myself. but chil dren have an instinctive terror of pestilence. I took pleasant lodgings at in the interior of Connecticut.290 UN D EBCU B RE N T S CHAPTER Lsr XXIII. however. only she had a nervous at fear of the contagion. Matilda appeared more natural than I ever saw her . which made the life. and induced a general hegira from the town to the mountains or sea-shore. I devoted myself to the young people. It did not interfere much with rich people. but which Providence has de creed they must endure so long as they live. accompany In this quiet but delightful retreat I spent two months very pleasantly. Hitchcock and her daughter to us. as they have to carry other burdens grievous to be borne. which was letters times melancholy to witness. fear for them. and glimpses of happier days shone in on me. the summer of 1849 the cholera visited York. early in July. I received my from Harley regularly. the deaths daily. a small town and remained to there until the middle of September. There were cer tain startling exceptions. and . who were forced to take the prin cipal burden of the epidemic.

when thought of the stormy came home drenched with rain. in felt GOD for permitting I called to mind how two years before we had come calamitous reverse. as they met and found on inquiry each others families with unbroken numbers. shoulder. Sometimes condolences were tendered instead. and the inhabitants returned . as I thought over the occurrences of that year recalled the scenes in my I house in the in Broadway. waiting for vividly I me. so suddenly to encounter that I could not prevent some severe pangs . When we sumed friends its all came back aspect. in September. un Where was sht I now ? And I ! What had I still to do here ? I looked up. to find her foreground.S T 11 E E T. to their business or their pleasures with undiminished zest indeed. the city had re wonted Congratulations passed among and acquaintances. ! ancholy termination of our united bounded resources of her woman s heart ! Oh the rich. asking what troubled me. and my glance fell on Alice. caused reaction. from Newport. became each day more and more sanguine of satisfactory results. active. looking anxiously into my face. scenes in which I my wife was always night. was impressed . 291 my absence from I New York necessarily delayed some matters. But the pestilence had now left us. by a natural As us all I gathered my little family safe around grateful to me the first evening of our arrival.OF W A although L L. with her hand resting on How my . the mel Then the scene changed to the last. rather with a heightened ardor. that was certain. a ready. spirit. sad parting life. sympathizing saw her. I to live.

&quot. Do you know what I am thinking of. She was at an age when young girls are fondest of society first . I was thinking of the time when you had so much to make you gay. &quot. and the visits were at length discontinued.&quot. enjoyments genial and But Alice lived without any of these. I said. It is true she had received invitations from some of our old friends. but I school-girl. You were just beginning to enjoy society still a know. had chosen she called several times to ask her to ride. . For a time Miss Stevenson visited and endeavored to bring her out of the seclusion she . It was of no avail. as to her course. my child. For the time I comprehended the entire sacrifice she was making of herself to promote her father s happiness. She looked up. How can I forget ?&quot.Alice. and innocent. had come to a decision abiding by it. to the all. Alice.I was not thinking of that. evidently. and seated herself by my side. &quot. it. Her time its was devoted younger children and to me. papa . but she refused them her. do you so remember two years ago &quot. the time when you were unhappy &quot. and was firm in I say that I It struck in this regarded her at that moment in a new that I light. ?&quot. me was very unjust to permit her to go on manner.292 for the first time UNDEBCUEBE X T S with the fact that she was now a young lady. She came. when you ought to mix with young people of . when its pleasures are fresh. home. but old enough to appreciate what you saw at Now. Alice. Come here. Alice &quot.

and walked out to the I could subdue emotion. for you select the music. and rose. almost without my perceiving it. after that we were and . I read a great deal.&quot. I admit. 293 your own age. papa. And now can you not understand why I should and be content &quot. &quot.&quot. I improve. very happy.&quot. and are nothing but a drudge.I know what you I you mean and knowing let me entreat you For no&quot.OP W A L L - S T II EET . my my child . drudge-like to . not think I neglect myself. my child. GOD bless you. father. you are shut up here. tea was brought in. whom I frequently see. but who are really refined intelligent. so. not to bestow one moment of uneasiness about me. so the evening wore away. GOD bless you. &quot. I assure my life (she paused &quot. too.&quot. It was all I could say. some very agreeable neigh not wealthy people.My way you dear . ?&quot. you are no longer a little You have become. We have. &quot. indeed but. I practise books. do I seem so stupid and you No. Oh ! so much depends on me.Besides. a girl.&quot. papa. Then I came back musical parlor. seriously. seems as if I had so much to to make things pleas ant for you. she continued. and to look after Charley and Anna. think I never was so happy in if to consider). said Alice. as It not even when dear mamma was live for . and it is very wrong for are.How can you say ?&quot. papa so at least I make myself believe that I am very. me to permit you to be confined in the &quot. &quot. my you know. young lady. it. till I kissed her tenderly. and you often tell me how much bors .&quot. and have pleasant chats with. &quot.

I asked. I descended to the street. and the swiftness of the result. honest advo Unable longer to bear the sad thoughts which overcame me. We shook hands. How full of life was this man till ! Literally he I did not lost to taken away in the midst of his days. I sat an No.294 UNDERCURRENTS cholera had not passed The me by altogether. I learned what was to me a very distressing intelligence. appalled me. much is I really us. nor buoyed up by his kind assurances never again. as I was going to my office. you been . he did not think it necessary to elsewhere. and in twenty-four hours was a corpse. The sudden had been ness of the attack. my intimacy with this high-minded. Mr. as at that I never felt so cordially dis posed toward him indicated a &quot. suppose I was selfish in my grief at the loss of my only steadfast and disinterested friend. hour in my office thinking over events connect ed with cate. and ! we are left defenceless. Nor his encour ? wood dead was I never more be cheered by aging smile. depended on him he was So it cannot appreciate the various props and which surround and sustain us till one after an supports other is with We struck away. and. His countenance good deal of recent suffering. to Mr. although there was good deal of sickness go I in the vicinity. in the city all summer?&quot. victim to the terrible scourge. know how me. Norwood had fallen He owned a pleasant sum mer a residence near New Rochelle. He was taken suddenly one evening on returning from town.Have moment. The next day. The first person I met was Downer.

Out of what.&quot. thought. t ! wouldn &quot. he remarked.&quot. hard scrabbles. are out of it ?&quot. stand it long. But you started at a good time.&quot. The fact is. It is true I have taken up other matters. I replied. I shouldn t die. where they could live cheaper than I here. I sent How could a poor devil like into me get out of ty. Why. my wife and children Delaware coun among the woods. his struggles. &quot. you were doing pretty fair. Was and taken one night here alone in my house. though. t. and the feelings which actuated him. out of this hell-begotten business. I I brought the children into the argu and that to ment. I ferent sentiments toward him. after a pause. Well.OF &quot. Little did he care for the smooth conventionalities of society when &quot. I was disgusted with what I the contrary. pray &quot. I knew declared she should. I tell you.&quot. those he loved were ready to perish. I knew you couldn I knew you &quot. there must some go to the . that s a fact. but them. Never had a dispute with to have my wife before. I lived. had to stay and make something to support Thank GOD I have lived through it. But all I came pretty near it. So.&quot. I entertained very dif I could fully understand. She on not leaving me . we are. prom But not because I assure you. which I thought ised better. &quot. and hadn t been through one of our &quot. I sometimes was doing. This time I was determined insisted my own way. Since I had seen Downer s family. WALL - S TEE ET . ?&quot. Then. helped carry the day. On have doubts as to the expediency of leaving a business I think I could have made a comfortable living in. 295 To be it ? sure I have. Oh I perceive your meaning now.

and attending generally to the details of our various enter prises. he said. in laying hold of some new projects. busily as ever. fend off.&quot. as I have en deavored truthfully to recount some occurrences of my life. The reader. and I handed him the desired sum. You had active. for example. and I was presently engaged. I turned to depart. you have not encountered for many years. Indeed. hesitat five ed a moment.&quot. must not make up his mind too hastily.and a most difficult thing to recover again. It is a dreadful thing to become unsettled after one has passed fifty. With much if pleasure. I will. He was formerly an enterprising citizen. I found I had My former confreres soon gathered around me. with an and walked rapidly away. and nothing more. He &quot.&quot. lost sight of him altogether. who has thus far followed me. you ever see it again. If I am well out of it.&quot. a good deal on my hands in bringing up various matters which had to be neglected during my sojourn in the country. I exclaimed. and then bluntly said dollars &quot. occupying a . My mind was buoyed up with a feeling which sure prospect of success invariably produces.296 wall. with Harley s instructions. thank HEAVEN that you are well out of &quot. . Can you lend me ?&quot. You meet a man. Downer called : Good morning.Doubtful attempt to be jocose. that I was altogether without decision of character. it seems to be just a hazard. me back. or fixedness of purpose. &quot. with receiving and getting off the agents who were coming out. So. UNDER CURRENTS It is the hardest it.

It is plain he has weathered the storm. perhaps by no fault of his own. perhaps. is . struggling with difficulties pressed down. also lost sight of. in very sight of port. When you last saw him was threadbare he was . extreme. very soon it seemed . with the one who if snug and and lend a helping hand. to do something Remember. having missed his footing. it. and his finer. the breakers. and might have been the other marl who went down. harassed bor rowing money to-day. But this is who weathered fore. now a complete wreck that is But what ? to this condition stress of weather has brought him His ship has gone down. From position and influence of a certain kind. and he takes one off with unction as he shakes your hand. You meet another man whom you had his coat . . He wears gloves. You no longer see any restlessness of the any perturbation in the countenance. this one evidently courts a complexion eye. he would be engulfed. recognition. and it got safe into harbor. His face fuller. so as to return what he owed for yes terday s debt jumping from bog to bog. Rejoice. that great have been their trials and misfortunes. Now.OF W A L L-S T R E E T. The first individual avoided you. do not forget this Try. he is 297 : prominent position very evident. and your charity must be proit. to the one struggling among 13* . you can. . to relieve those who belong to portionably great. how quiet and complacent he ! how unembarrassed and quite at ease He is has grown stouter and taller and broader. if it be possible. he has fallen clear into the other class. there safe in a fair haven. if you find in them any thing to censure and carp at. Reader.

. and our hopes mark The perhaps. which we are just ready to enter on. when a overtakes us. our lives. comparatively easy to write the history of but oh who shall write the history of the lives we do not ! lead ? I mean the lives which our youthful out for us.298 It is UNDERCUE E E our lives. tastes. cruel destiny ! Ah ! who shall dare to write that history END OF PART SECOND. aspirations.

to be reminded by some incipient or tell-tale weakness that the infirmities of are debility age beginning to hover around us. after we are fifty-two. I say. lapse of time in the pre It brings us to the spring of 1852.UNDERCURRENTS OF WALL-STREET. All of a sudden we dis- . it not agreeable. Two years and a half. but it would contain we many repetitions. CHAPTER Tins narrative is I. or with patient mind To suffer and to live. The sufferer s part At length I chose. especially be spared. THE To plunge and perish. cannot well At that age every year counts. It would be easy to fill a volume with details. and resolute survived. THE RETROSPECT. will The bridge over by a brief epitome of what occurred during those thirty months. It is not pleas ant to be reminded in the midst of our labors.&quot. resumed at a period nearly two years and a half subsequent to the date referred to ceding chapter. and would not serve the purpose I have in view. when is a family at home is entirely dependent on them .

Two out years and a half. the rheumatism and neuralgia do not mend. we submit old or die !&quot. a brief explanation why I find myself in this unpleas ant situation. On the whole. For men. a touch of rheumatism. the same elasticity of limb. there I have any reason to complain of him. After a while we give it The cold is not cured. I cannot say always large I must give. be just what he appeared. to the inevitable : Grow then we grudge the years which bring us no returns. I have no such experience to record. years he worked indefatigably. or having penny have an impression that most of my readers imagine that Harley had undertaken to lay some snare for me. So all that there implanted in the breasts of us a consciousness that we ought not to live in vain. feel a saddening disappointment when they think true is it. up. We put is. fore. or be unfortunately involved by his practices. His perseverance was marvellous his hope and encouraging. . the same general activity of body as be fore. . times. as they advance in life. how meagre is of results it has been to them. which leave us no better than they found us.*00 UNDEK C U 11 Ii E NT S cover we have not the same suppleness of joint. or dupe. There an end to my numerous speculations or and with one my being made laid aside. it down to a cold. or something of the sort. and is we meet again. eral Harley proved to During those two and a half lie crossed the ocean sev . I rich comfortable. or to a slight visitation of neuralgia really any thing but what it the advance-guard of dissolution. reader. and destiny which says It is &quot. that I was about to become his victim.

Here were pome improvements. So Harley represented only by an attractive lump thought best to sell our mine. By that time far better placers were In fact. I the owner got one-half.. cash. The result of each separate undertaking : may be briefly summed up as follows Of the three California to have a title which gold-mines.S T R E E T. of the California squatter. and I a fourth of the balance. : in round numbers to seven thousand dollars. the various charges and expenses titles. At the same which Harley was to draw on him for my necessary expenses. for five thousand pounds (twenty-five thousand dollars).OF W A L L. had no reason to complain certainly. The Virginia gold-mine promised very well. large fees had influenced their clients to and had to be paid accordingly. of gold. etc. it. etc. It will 301 be remembered that I was to have one-quarter of America. would It took a year to get sat isfactory evidence of that. The solicitors who make received these this purchase.. attending meetings. London was flooded with auriferous projects. show&quot. which amounted IVIem. Of the seventeen thousand five hundred which remained. but one turned out pass.. this twenty-five thousand dollars had to be deduct by the terms of sale. of the solicitors. offered. I the net profits of the various enterprises connected with should engage in. nothing From ed. and of going through the usual squatter-law form of taking possession. for examining etc. time. It had simply cost the owner the trouble of prospecting more. and a great expense. from the Mariposa mines of Fremont to the mere &quot. and a quantity of ore already exca- .

too busy to prosecute it might not have been judi Certain share and so the whole matter dropped. having got it on the mining list. because the mine was in working order. and the Avhole broke down. nominally in Paris. but the affair subsided as such . Harley also received a pretty large sum under the disburse ment account. To be . but we had to engage not to offer them in the market for the space of one year. when it was who swindled their brother Englishmen in . affairs generally do. After a while. the Englishmen the business. He was cious. of which dollars. The shares were owned London by some speculators. sure they violated their contract as to working the mine is. ures. who to avoid re Frenchman in their employ to These people soon began to speculate in the stock. holders to this day curse Harley as a swindler. Harley and I took our proportion. Harley threatened law proceedings and various other meas company operations. the they never intended to work for stock it. sponsibility prevailed on a act as gerant. tor did receive in cash the amount of his for the rest he obtained a certain amount of the improvements shares. only to use the which they were enabled the better to do. and paid not the The proprie slightest attention to working the mine itself. the stock began to those in the scheme had worked off their shares on the simple ones who were fact outside. under the really all French law of en commandite. a company was brought in out. UNDERCURRENTS A geologist of respectability was sent out to exam His report was flavored with the choice viands and wines of the Old Dominion and on the strength of it . ine fine it.302 vated. my part was about a thousand fall . and .

Nearly all Only those who practised total abstinence were saved. London. book might be written about the mine on Here every thing was right. The grants In due course a The convey company was formed in perfect. Harley s share in the contract was so large that with a moderate success. or suffered the entire loss of health. Harley had repeatedly warned the manager that it was absolutely essential for the success of the expedition that no liquor be allowed to the men. a large quantity of provisions. depended for the realization of his grand ideas of fortune. practical miners to work the mines. and he certainly had confidence to receive a certain raise the portion of paid-up stock after the requisite company should amount of working capital. and they were few. scriptions promptly paid . The were not only respectable. but embraced some of the best men in London. He had agreed (he could not well do in the otherwise if he wished to exhibit confidence in it) scheme. subject as He had carefully investigated this connected with the Isthmus.OF W A L L - S TREET . a geologist. ances en regie. The people arrived. including pork. a bona-fide company. The ore was very rich and abundant. beef. o03 An interesting the Isthmus. together with a generous quota of S2nrits. a first-rate engineer. Before the machinery was erected the fever broke out among them. to exploit this really valuable It was on this enterprise that Harley principally gold-mine. The plans were good the sub directors . And there seemed nothing in the way to prevent. By this time over one hundred and twenty thousand dollars . wealth was in sured to us both. This company sent out a splendid lot of machinery. but the advice was disregarded. flour. died.

or lose it. settled before an agent could arrive out. was again permitted clamored for Strange to say. he was unable to pay the considerable sum called for. Other matters not going to his mind. unused to the climate. This consumed up. although under the control of the manager there. Unfortunately. although the stock was not on the market. It proved to be impossible. on the one hundred per cent. and that was an end of the matter.304 * UXDEE C U K REXT S had actually been expended. rum in large quantities to be sent. The result was a repeti same unhappy scenes years. that after two more discouraging experi ments. but now nobody would buy. the company were entirely successful. Harley was promised by his principal that all difficulties relating to it should be mines. nearly Thus we just escaped premium ! ! I have already mentioned an agent had been sent out to report as to the value of the two Lake Superior copper- These were two separate properties. He had already managed to sell some. In fact. remark here. although were they paid-up shares. do them would good. The men. realizing an immense fortune London mining board. The other . and their shares I will are worth at this day. pedition started. for the company had Another ex raised all the working capital they agreed to. he spirits. more than two the company would not give But Harley could no longer respond to the tax on his shares. or rather wasted. not readily give up an affair they have put their money Another hundred thousand Harley had to contribute on his stock. the title to one was in litigation. was raised. thought it The manager yielded. and so his stock was forfeited. Englishmen will into. for A fresh call was made. Still tion of the as before.

who. to the great joy of these Englishmen. which.OF WALE-STREET. working of the Tennessee coppermine went forward very well. short. seeing the advantages to be reaped from the enterprise. and promised largely. each other sometimes five or six deep. but Harley was in no position to wait for dividends. But it was subject to the for the fate of every English at first. The result was. and determined to have no litigation or scandal. property was very valuable. he intrigued with the London broker. managed After two or three misadventures it began to produce some . The Virginia land-company charter amounted to just nothing at all. as the solicitor said. He therefore permitted the owner to buy out his interest for five thousand dollars. which was paid to him in cash. the lands were . In clearly what was going on. The company undertaking that is. apparently on the best terms. and now seemed s to the owner beyond all reason. promised to be very regular in four or interest on the best terms five years ! So he sold out our possible. and the parties remained For it was a principle with Harley never to quarrel with any body. thing. that although. as usual. employed a solicitor to look into the who and decided Harley had not complied with every in his particular. Harley saw judgment it could not be enforced. to cheat Harley out of the benefits he lie voyage had a written contract this These two had put their heads together on the was to derive . came back with the agent to London. for one-half the profits. confusion. 305 The owner was a cute down-easter. lapping over&quot. told stories prejudice. it was badly and a large amount of money wasted. to Ilarley contract. The titles were involved in such inextricable &quot.

kept our secret. When it came to the mysterious business of taking soundings in and around the harbor. and on various subjects connected with the resources of the country. only added fuel to the flame. each with plenipotentiary power to sell at least a hundred thou sand acres of land at ONE QUARTER of what Harley asked for his ! The next steamer brought out two more Georgians. (!) and whose every word and gesture were watched and reported. he had come out. The Georgia affair might have turned out well could we have agent. He became the object of envy to the surrounding country. skill required more pro to disentangle the than he was capable of. there followed him three individuals from that region. for a certain pur had and he nothing whatever to do outside of his pose. threw the whole region into a state of excitement. he said to all inquirers. the agent remained true to his convivial pledges. was surrounded by hosts of pine-land people. had stolen a still march. and enough of them. who offered other large tracts at lower in it The . our Southern friend endeavored to quiet it. on whom who acted in concert. so that in less than a fortnight after the return of the agent to London. these three. if the head although Harley had the pleasure . and prices. inquiries making minute The agent. It is but fair to say. result was. who were ready to sell at any price. the excitement was complete. despite the endeavors of our Georgia friend to keep him close. it whom But the appearance of a British was soon rumored was a special messenger from the Bank of England.306 UXDERC U RREXT it S doubtless there. the whole scheme was knocked pleasure. cash down. fessional snarl. In vain This instructions.

representative men. only to be months in abused by their constituents. expenses. The French brandy scheme. still It cost quite a sum to patent it all over Europe. on largely for expenses. on which trains were already running five miles ! The trees. and quarrelling with each other. could advance no making steel out of coarse pig-iron The inventor was a poor man. ! All the expenses calculated. undisputed.OF was. time. turned out mere chi meras of the brain of some half-crazed mechanical genius. whom they had drawn But the nity ! live-oak lands of Florida there was an opportu The The tune little titles settled on. nish all So he gave Harley on condition that he would fur it. price of the land was understood and timber oak of the The quality beyond question. WALL - S TBEET .lt. invention for making paper out of the bark of certain had already been unsuccessfully or no fuel. after spending six London. The plans for smelting ores with little generating steam with equal economy. . . Alas ! there was one screw loose. rfO &amp. abandoned. The item of transportation had been overlooked or rather was ascertained that the speculation turned on the completion of about one hundred miles of at the last it moment but twentyrailway. Harley found to be an old French discovery. was The invention for promised a great deal.&quot. and for although patented in America. and more to erect a small shop for experiments. which experimented with. to see the five &quot. return home with loss of money. who for testing money three-fourths of the profits. and what a for on paper. I have already said. and reputation.

During that period. I repeat.000 Lake Superior property Sale of interest in Tennessee mine Other.200 2. and with a marvellous Nothing could exceed the tact. when loss. important advantages.850 .500 10.little matters&quot. turned out realized.000 5.800 4. commencement of indefatigable. practically it demon . we should have realized nothing.750 3.000 5.000 Loss on experiments with pig-iron Various small losses $10. Paid assessment on Isthmus shares $4. A few pounds were. the account current California gold-mine stood about as follows $8. Thus.$39. counting from the time I engaged with Harley.500 . would not pay. The other &quot. to the period referred to in the this chapter. and activity. and Had it not been for these. energy.800 : Virginia do. receipts 10.. but while the theory of the process was successfully strated. received for expenses Sales of Isthmus gold-mine stock Received from same as expenses 13.308 It can UNDEB C U 11 EEXT S scarcely be said that these experiments failed.000- $50. the old served very Here was a considerable but there was no help for it. I give but there were no the reader the result of over three first years work. in a new process. As it was.350 Per contra. that Harley was He worked very hard.300 4. in brief. adroitness which he displayed. little. from time to time. except on a large scale and no Englishman could be found ready to embark so much money well.

and all house keepers understand the extra expense entailed even by a small dinner. Considering not to be wondered at that Indeed. less a mere trifle. 1849. am I to explain the condition I you his find me in at the end of the time? can do so very sent easily. it is from a expensive school. Of this Harley made a scrupulous office. forty thousand dollars in net cash was the result of our labors from say the first of January. as already explained. to wit. had it my expenses were so s much man- increased. not a bad business for something over three years work. Besides. Then this involved a larger outlay in Alice s wardrobe. in which with the above-mentioned sum. 1852. it pos thousand dollars Was a year ? I could not believe yet was so. I confess I was much surprised when Harley I stood credited me account current. and charged with my drafts on him. insensibly increased. I sent the younger children to a more first-class teacher. and Alice had taken music-lessons various these circumstances. and the figures were correct. I found sible that I it sum to my credit ! On looking was quite it correct. the figures. with ten thousand dollars. were more than division. Not by Alice s but I had. There were fact is. After all. to May. under the agreeable system of drawing for what . consent wanted. expenses of his three to one . although the compared Avith mine. which amounted to nearly five hun dred dollars more than the over the account. Iii 309 round numbers. still he simplified the whole by crediting mo with just one-fourth of that net amount.OF WALL-STIJEET. undertaken to show I some hospitality to our speculative friends. The my household expenses. How. then. had drawn at the rate of three it. not been for Alice careful .

assuredly not. things were never so charming in that respect. and cut loose from American fell The dreaded blow from Harley. in his favor. in at last. of which I should certainly receive my share he said his own expenses were . from the position he was forced to main and he had availed himself of a very excellent oppor tunity to embark in a scheme for an Italian railway. having full faith in her father s judg ment. in might or might not be called to share. I received a long letter which he assured me he did not think any in more could at present be realized out of the matters hand .810 UNDERCURRENTS agement. large. that she was entirely deceived. She. Many were the little balance of one hundred pounds whatever. which promised more than well. he had in hand. That if the hoped-for success should crown his efforts he should not forget me no. During the last year. under the direct patronage of the pope. was not the man to pursue failing schemes forever. abandoned . But after residing so long abroad. my heart me. I felt like a sailor alone on a desolate island. he might take operations. up some project. Money seemed to come so easy. Not that in he was the least dissatisfied with my exertions. having done his utmost with what ings. he spoke of certain prospective advantages. believed we were on the road to renewed prosperi ty. and being brought in contact with the very best class of speculators there. however. I began to have my misgiv I saw that Harley. but which I would certainly lay hold of new projects. it was of no consequence sunk within When I received and read this letter. necessarily so tain . they would have been a great deal heavier. kind wishes expressed for us all as to the . be it understood.

had acquired tion for wealth. (at least ten having spent each year all he had earned sand dollars per annum). Had he I not lived honestly up to his contract to complain ? Yes. I struck into hoping to make thou a fortune rapidly and quit.OF WALL-STREET. we would plan together what was She should be my confidante. first 311 who have left My impulse was to feel bitterly him by accident or design. In a more humble manner . sweat broke out suffused limbs. Then was thought of I could tell my her daughter all. and was forced to open my mouth. here the break in the axle ponder it well. I could talk with her. thirty-five. me?&quot. all over me. toward Harley. patent-rights. it He pursued it consistently as a business. Harley was of an age still to . had nothing to fall back upon. and . stared holding in me grimly in the face. literally gasping for breath. . or land-char but I. Yet ? why ? Had he deceived me in any respect ? No. Alas ! of nothing. by his shipmates. position and a reputa in and was just ready to embark something more promising than gold-mines. Of what had folly. Harley when we first met was I was fifty-two. I sat or having spent all I had earned. Now he. while poverty. I breathed with difficulty. of Alice. as a matter of policy. embark in a speculative career I was not. my sympathizer. A cold it . &quot. my eyelids. I could feel on my body. more hard and unendurable than ever. And she would forgive her father to be done. in the let the moral teach you something.Oh ! what am I to do it ? who I shall comfort I exclaimed aloud. and iny I experienced a painful sensation at my heart. It stood on it my forehead. here the leak ship. my hand the letter of Harley. here was the loose screw. save my own Reader. ters . go on with.

She was so much older and stronger. ^ since. At tered.312 UN I) E KCU II RENTS still than ever before we would endeavor to have a happy home.&quot. last she seemed to take the whole. Her &quot. and demonstration was suddenly checked.What is there Nothing. me by endearing names. &quot. about the time I was ready to leave. I may say. and Alice herself en practice for her to ride &quot. For she could not readily conceive of so sudden a affairs. by ILLT. as were. if necessary. nothing has happened is an end of all my hopes in Europe.&quot.Indeed. and now I found it difficult to explain to her just the exact state of things. was made to feel cheerful in spite of myself.&quot. papa. that It moment the door opened. my child. Yes.&quot. am thrown back I have been fearing it for a long time on what I can do here. what has happened?&quot. lively exclaimed. turn in nor why still I should be so distressed. as she supposed. was an occasional down town. she could each. She kissed me. cast and to appreciate that once more I had anxiously to live. went home with my child led home. my consolation. it At . . and how to make things bit ! pleasant for me. and called me my I hat and coat. on trust. and she the matter. and understood so much more than formerly how I to economize. and accompany Now she came in with a fine flow of spirits. she said. I had occupation here. about for a few dollars each day on which to Then came my recompense. . must not be worried a Why. I but I fear &quot. . ran gayly up to me. and I . me home. &quot. she could do ever so many things. brought forced me away from the office.

was at that time ? rife. ity of my had been exhausted by the sever mental sufferings. which is that dreadful sensa my only understood by those is who are at times tortured by what termed the &quot. and riature had come to my aid. horrors.&quot. why not undertake various local schemes My in the acquaintance was large among it the specula for It tive class. my eyes were suddenly opened. me and to be way of earning some money was two months his letter since I had received any thing from Harley. I months affairs ing.For once you have overslept yourself. I rejected this plan because was necessary forthwith. When I opened my eyes. 313 Speculation I spent the night thinking should do. &quot. Besides. I The I rose considerably refreshed. Breakfast has been ready an hour. 14 . Yet I kept on hoping and hoping. and exclaimed. Why hud this come I so suddenly on me ? Why for the last six months did not make some preparations for what. came just in time to prevent further drawing.O F W A L L-S T R E E T what I . and I sickened at Could it be possi the idea of such hope-deferred business. determined to cast about with activity and with prudence. She smiled when she saw I was awake. my common sense ? Had I been mad for the last three years ? Twice tion at awoke during the night with heart. fact was. ble ? Where was my I reason. At last I did fall asleep. and slumbered long into the morn idiot.&quot. and drawing on Harley. Alice was standing by me. had I not been an six might have known would come ? For had promised just this termination.

nor had I sufficient experience in the busi to ness for real estate. how mortifying was my situation. nor of GOD design in the announcement bread. thought of attempting business as a stock-broker. and work this industriously. as produce-broker. My a acquaintances were beginning once more to consider me man of wealth.&quot. first So I resolved go back to what I undertook. . How ! hard to come down to the level of ordinary industry Besides. I had neither. So my last state was worse than the Again came the what was I to do ? old question. A stock broker required some capital. I would begin once more the labors of a note-broker. The habit of those three years had nearly spoiled me I FOUND I for any regular pursuit. till about time did S I have any just conception : human life. STRENGTH. The very day I received that letter I had been congratulated on tions. In the sweat of thy face shalt thou eat No.311 UN DE II C U li II ENTS CHAPTER FKE S II II. Never of &quot. my fortunate opera first. I renewed with triple force. of trying in real estate what I could do There were objections to all these. had neither the hope nor the energy which I possessed when I embarked in speculation three years be fore. I was no longer active enough for operations in merchandise. or at least a good credit.

a blessing. my anxieties. tude. and when it seemed as if I could not sustain myself under this last disappointment. the day I decided with a heavy l. when I failed in one quarter. and growing every moment more Suddenly something whispered to me audibly : How have you been mistaken! There is a worse thing than mis tor- . I repeat. the reverse. descend to the breakfast-room. not strike deep. to support my family comfortably.OF W A L never till L fc&amp. met with disappointments in great degree. I was depressed. suffering intense- was unendurable. another. To be uncomfortable was an evil [instead of an inconvenience] It did . 12 T . I suffered irritable. in all this what was immediately before me. I always look back to with a feeling of profound grati Up to that moment the object of all my efforts. As I was preparing to resume my task of hard daily labor.eart to morning miser could not go through with what I rose in the commence again able. seemed as if I lay before me. On may seem extraordinary. to a sometimes com and often bitter and defiant. or at least. T 11 i. my active exertions. What but it is I am about to recount true. So. My &quot. did moralize a great deal had reference solely to these. It rny disagreeable labors. to recover my position. Sometimes I was or plaining. under circumstances the most depressing and disheartening. hope had appa rently entirely deserted me. If I gained somewhat. was to get back to where I stood before. my existence was Even my moralizing and I In fact. rounded by mere occurrences. I prepared to Borne down by the weight of sad thoughts. 315 now . I was pleased if I lost. and it happened in this I looked solely at . a new it light suddenly broke in on me.

I threw the door open and walked from the room untrammelled. a better thing than wealth. lifted off The weight was my heart. I turned and saw ray wife smiling on me. and more deserving than clear to All things were Now I could see not with that narrow and circumscribed vision which enabled me in a keen. Sinking almost to down to the point of lowest abasement.316 U NDEEC U II li E XT S tune and misery. instead of a meagre portion of it. restoring to health. vitality. carried my condition. of my soul. else why such new strength ? From that moment I learned to regard every thing which took place as a part of the experience which was to make me. but with a which. breathed into life. the divinity which stirs within came to the rescue. is this extraordinary and sud termed of a religious charac except so far as that enters into and forms a part of our very natures. shrewd way sight to understand my error in joining Harlcy. All that hap pens to you shall develop and enrich your character !&quot. of me. The reader must understand den change was not what ter. regarding the whole circumference of my being. carefully surveyed the whole. In other words. free. It man with the breath of was the divine element. after the physician has given up the case and gone away. just as is that strange physical power.-v . there was neither a sullen subrnisIn this change . I knew something trying awaited me. nor what the priest would call &quot. something better I then was. said sometimes to display its efficacy in the chamber of the sick.&quot. I did not think any thing the concerns about GOD. which was evoked by the utter desperateness of despair. Charles Parkinson.

when chained by Jupiter to the rock. while a vulture was perpetually tearing &quot. sion nor n daring resistance to 317 GOD S providence. Prome theus. tyrant. per suaded the severity of my fate would serve to perfect my character and rescue my moral nature from the degradation it. on the contrary.OF WALL-ST JIKET. My fortitude shall be as eter in nal as thy revenge I had no such defiance my heart . which during the past three years had threatened . I regarded Providence as my friend. defied the god. his vitals. exclaim ing : Do thy worst. !&quot.

Anna s s quarter would end the following week. who would do . When general would be up they should a single leave. must go teach the &quot. We now had two servants. I even repeated how I had uttered a falsehood when I negotiated if the Alworthy paper. NEW ARRANGEMENTS. as they may call it. and Charley in a fortnight. and Alice They would Anna month&quot. music. I could not start fairly any thing was concealed or kept back from her. I presume many will think this was quite an unnecessary humiliation. go back to domestic. way she could un my why affairs now looked so discouraging. and serving to lower me in the estimation of my child. in future to the public school. was right. And however for the moment pity. TOLD my daughter every thing. while her was strengthened by this display of confidence and regard. one time I was tempted to do. I was very glad I at had not taken a more expensive house. I Alice feelings might have partaken of a painful affection know she rever filial enced her father for these honest avowals. and we could &quot. I explained in a derstand operations with Harley.318 NDEK C U Ji KENT S CHAPTER I III. We now which entered at once on plans for retrenchment. s But I. and indeed should have done had I not been deterred by the large outlay necessary for additional furniture.

no wry faces nor expressions of suf and and the but a fering injury. that I quite unconcerned. manly. Norwood. required the security of Mr. so easy. self. besides the five hundred of Haiiey left.OF W ALL-STIIEET. found I should have barely money enough them by drawing the three hundred dollars A serious business. I will say. to when time became payment ar draw on Ilarley. ed. but I must look it in the s Fortunately the quarter first rent had just been paid. my debts were strict Indeed I had insensibly relaxed all my habits economy. our children withdrawn from the seminary and sent to the public school. year. I had already five hundred dollars ahead when I began with Ilarley. I spent. I however.&quot. house. had not however kept up my practice of cash payments since I began to receive money from of Ilarley. wolf! No heart-pangs. I not to say careless. Well. two hundred before and although still I drew the amount from him which I have put down. our two excellent . Alice. in these matters. live made this sum good to my But the remaining three hundred had not been touch It was placed in the savings bank and was drawing never I per cent. in all When came to get our bills. like. seeing I was a punctual had not tenant. interest. rived. a heroic determination to make the best of my condition. The reader may remember. I to provide for and face. interest. so After the that the death of my friend had not forced me to look else where. the landlord. it was so easy to run up an account I (for it was soon understood that was worthy of for credit at the shops and stores). no whining about a hard destiny. 319 Ah! there was vigorous planning to keep out the old enemy.

Other individuals had retired on their fortunes. in the midst of operations. on being driven in his carriage to Wall-street. and Wall-street saw him no more for ever. and died. and taken to agriculture with great good-nature. peared and never been heard assets It turned out that his would not pay two cents on the dollar. street. and had credit to any amount. to wit. I found at least one-third One had disappeared and new ones were in their places. his Another. how rapidly business firms change in the city On inquiring for the various houses which did business in Wall-street four years before. had. This man insisted a fortnight before his decease. Yet the man was called a millionaire. For three or four days he continued his ghastly career. where he essayed to undertake his ordinary business transactions.320 U XD E R CURRENTS I once servants given up and the general house-work maid sub stituted in their place. Death claimed him . of New York. that during this very spring culmi nated and burst the bubble of the Concordia Valley Coal I . most to of them inactivity. death was victorious. lived three months. had left the street. been stricken with paralysis. large money and exchange broker had suddenly disap of. mope out the remainder of their lives in idiotic Some had been used up. was carried home. But he had engaged in a contest in which the odds were against him and where there was no discharge. and more launched on the On more looking about day or two. a very rich stock-broker. helpless and half imbecile as he was. I was struck forcibly than ever with a fact I had often observed the first me before. ought to say here. and had chang ed very much for the better.

and treble over-issues were resorted to. He received in payment very money and &quot. of which the worthy Mr. the bubble burst and the public suffered. then double By great industry. shares ran up to about par. . to when he gets go into the cigar business. furnishes a living for a great worthies. as I have said. but they were not discouraged. The parties discovered the sell too late.curb-stone brokers&quot. and their places filled by fresh generally broken-down merchants and who financiers. Issues. lives there with his family at this day. at about eighty. Among the &quot. by the way. who own could. entire It sway in the was a great fa vorite. and then. disposed considerably was diamond cut diamond. however. and just the thing to play with. the shares were widely circulat ed. which he managed to very adroitly. a large amount of shares. or rather his ness. perseverance. which. and rascality. were are missing. control the market. It is rather a habit with the curb-stone operator severely winged. and who had their little designs to further. it Tremaine kept on till he had of over one hundred thousand dollars. and for aught I know. its affairs. many familiar faces subjects. 321 first Its Tremaine managed it. Company. They had The stock went up and down. and which the parties in interest continued to buy in the most unsuspecting manner in fact. street. Tremaine was the That company met with a splendid success. own in connection with with great clever He sold out his stock in trade and interest in the first company the very year to a set of unprincipled scamps. many dilapidated This is but temporary. After a while they 14* . purchased a villa near Florence.OF WALL-STREET.teed out&quot. when he retired. president.

throwing into his hands only the poorer descriptions. commence. as for his I have already intimated. who was resorting to another expedient for subsistence. regardless of his creditors. the speculator. My old friend. and his place was filled by the former who was. I was a good deal discouraged. had resigned. two extensive This establishments had been started. kindly feelings as toward him. UXD E II C U II R ENTS at and you find them again work on the pave ment. In looking about to discover where me. It for he was not long before I encountered Downer in the street. At the same time.322 recuperate. only a place where he kept a slate. I saw much to dispirit and little to encourage There was not the same sympathy to be excited as for Charles Parkinson. I always felt reproached thought of the uncharitable opinion of him which I indulged in at one time. for so long a time. Since I had abandoned the note business. there was not one at that Of all my acquaintances. Now (for the truth leaks out betimes) it was Charles Par kinson the operator. After some reflection. and who was endeavoring industriously to earn a livelihood. after living quite at his ease. indebted mainly to me promotion to in the bank. public had discovered my matters had not turned out and I was lowered at once in the public s estimation. the honorable merchant whom misfortune had struck down by a sudden and unlooked-for blow. on . cashier. I enter moment toward whom when I tained such genial. I concluded to consult Downer. The well. the president of the Bank of Credit. had no office. interfered greatly with the business of the small note-broker. for the purpose of affording greater facilities to the capitalist for purchasing paper.

Twynam out of the business. silent for some At last he said : Mr. of course you must stay in New York. quickly. for you to stay in this street. they can It does me good. perceiving was .&quot. Most people would tell you there were fifty things you could turn to. how my various schemes had failed.&quot. And his voice sounded natural as he proceeded. some of your is friends of your best customers are gone. After I had finished. know since better. for you and consulting how.OF WAL JL- S T 11 EET .If you can t manage to buy a little place in the country. musingly. is I am sorry for you. Yet. t bear to think of I suppose you find a great many changes you quit. he continued. Some . Parkinson. too. Don t explain. I can it. long time. and we proceeded thither together. Tell me. &quot. and I was forced back upon time.&quot. when to have best be weathered. 323 which persons who desired to do so could make appoint ments with him.I hardly know what to say. And to be sorry for any body. leading v/ould we have believed when porters. I explained gave him a brief history of my situation. me to be sitting together. my former plans. at your bank. Downer remained &quot.&quot. I hear. he said. the evil days are on us. that it we were men among ? the im could ever have come to this It seems kind of human-like. is prejudiced against I you. &quot. I. and changes. what I have not been for a &quot. I asked him to come with me to my office. you give me your confidence and ask my There was a sensible yielding of the hard tone in which Downer usually spoke. he added. Loomis. it doos me good advice. though. I When we were seated. Parkinson. who have tried it.

As to me. Ave are going to have hard times. Therefore. in every thing you attempt be more than careful. UNDKBOU BKENT8 . (it the reader &quot. What was going that it was bad luck only which Something like my arrest two or destroyed my three years ago by Strauss. it makes no However. You can t come back now with still the same chances you you have a good name. difference. no!&quot. us. Something tells mo Let the young people get . he almost hissed out.but may remember the fault it sale of the Alworthy paper). he continued: &quot. Parkin entertain any company. and there s noth like luck. after experiencing the success I did. to say is. capital. though . but immediately repressing his emotion. do you suppose. do you suppose I look with indifference on blighted prospects.324 about to speak was. I say. and having my own ambitious hopes and anticipations like other people. Once a bad name. character. you failed You have reputation.It is all over with me. poor as I am. nothing like trying. whosesoever is. and you may be ing again. or think calmly on a blighted reputa tion ? GOD. I have had bad luck ever since I failed. I think I can do for you what s t I could not do I will try. however. just so much . always a bad name. son. I You understand. sort of a character I bear in the street. I am sure through no fault of yours&quot. Bevins and Company. Besides. I think I can be of service for myself. You Do you think I am insensible to it? Remembering me as I used to be. a matter where I was in every respect innocent. I live to take care of the folks. I know what know. and it is had just after . You were in luck before. Come in and see let We don but us be pleasant with each other. And there another thing. &quot. and enjoying position as a first-class merchant. I say.

I The great may who to undertakes the business I was engaged in secure the confidence of if possible. But recollect. but two are better than one. untempered with any . 326 we shall feel a little stronger in this social way. you have at once certain facilities for doing business which are invaluable. were clear and sagacious. the idea of the second is. point. all If they are not habitues of the street. and proceeded to offer affairs. Downer observations. when he about carefully to advise me. He told if I me how gained he thought could reach such a one. who. Poor Downer had none of had lost the confidence By a series of misfortunes he in of every body the street. no matter how impotent ! same. here am a lire-ship. If. But keen wits. or lending on collaterals. after many trials they iind they can depend on you. simply because he had his in his possession.&quot. A note was looked on with it suspicion. would be a valuable acquaintance. how to approach another.OF WALL.STREET. Downer here changed the subject. to pick by which he managed set up enough to support s his family. I and you must keep clear. for a person is. acquainted . valuable hints and suggestions as to the situation of He yet gave me the they employed in names of persons who had money. and so place reliance on what you say. which buying paper. some moneyed men. his extensive familiarity with the business. and generally I who were not known in the street. these. Ah well is strange. and explain here. you must avoid all intimacy with me. knowledge of parties and his enabled him to render essential outside service to other note-brokers. the better. his confidence. I can help just the it my aiding any body.

the changes place. which had taken of doing business. and many little alterations in the way Then he rose. d rew. me a correct idea of the situation of the street. shook my hand and with- .326 tJNDERC UK RENTS He gave bitterness of expression or misanthropical views.

how ever. who I received me kindly. CONSULTATION. to let GOULDING applied to BULLDOG to proceed answered with an oath that he wouldn t on this judgment. because he was fool enough his feclinis run away with his do I did not on the judgment he had recovered in Bulldog s name. I was prepared for this.OF W A L L-S T B E E T . delay. He never forgot my turning him out of my house. It increased his respect for &amp. One of the gentle men to whom Do\vner referred to in the street. . me p. and that. mised with. and heard It my state ment of what proposed to do. iuraii . was very evident. and I had no was the same as ever. Mr. proved me as employing his funds be on intimate terms with Goulding.subsequent proceedings&quot. swearing that PAHKINSON was too hard a nut to crack.. 327 CHAPTER A I SET to IV. Their treatment of me.uu. but a species of right to complain. it was the natural raarvelloii.. work without I called on many old ac quaintances. they no longer entertained that good opinion of my mercantile ability which they had before my embarking in a speculative career. magnetism told me I had lost the sympathetic hold on them I had before. to all appearance.* and put me under examination with reference to any property I might have acquired since * I me my assignment. This latter personage had kept watch of me all the time during the past four years. On one occasion he had even employed a lawyer to take out against &quot. and couldn t be reasoned nor compro learned from pood authority that me r&amp.

therefore. in on the her hands. had guarded indebted to mo against this. I was still Alice for certain articles given to her by her mother. The left rent of and deal with a poorer class of my office had been raised after Tre- maine other. favorable impression in the Alworthy hesitate to express it and did not I when inquired I of. s I was. for the conviction that we an extraordinary element of endurance. even when we repent of the wrong . submitted to both as part of what had to go through. . the coal company. My new cation but it was unobjectionable. and I decided I must take an year. still man nourished no he had received an un affair. and not . in so by which I could save fifty dollars a room was smaller than the old one. received the money for. By his account. and he never meddled with me enemy. In calling on another gentleman recommended by Downer. considerate man that he was. This I deserved. This more than disposed of the five hundred dollars placed sale I had. my strength. quite prepared for Gould- ing action. One taught me the other added suffer unjustly is how we to are forced to bear the consequences of doing wrong. which with her consent. and although the vindictive feeling against me. I soon discovered I must take up with a lower depart ment paper. kind. I encountered Loomis. is very easy to was possible influence where it money or credit is concerned. but the acts of Goulding were persecution. But he continued my persistent and it found I could not enter into business transactions with any one for him to influence.328 UXD ER C U 11 11 ENT S Norwood. in the business. He did not push his investigations beyond a single examination. I after that. and I good a lo took some pains.

my In a my subsequent when I lost my wife. so loving and devoted. advanced in with no hope of any improved condition. I now saw It come to the support of the mortal would have the immortal part and finite. but I must be an honest in all affairs honest as in social life. was not enough . . when more I first adventured in Wall-street. hope that things might still take a turn for the bet Yet I did not feel the strength I now felt. but for a wrong reason. honest MAN. exactly suited her. certain ter. life. and nobody to encourage me but Downer.&quot. I And I said am not to be to myself. failure. I did not experience. be an honest merchant.&quot. in For example. For I did not place myself in way to receive its aid. garding her treasure . when I I had so much to encourage me now ! Then had the active tunes. the spirit would not sustain me under dis comfiture. Yet how my heart than had sunk within me before. I must be to genuine. recently excited by my misfor I was four years younger I was buoyed up by a . it changing the furniture from one place to another. 329 it look cheerful and pleasant. if I was striving right. I ought to have done so. Before. was a great happiness to see her busy arranging this little till office. to any great extent. to It WALL make - S T R E E T. as I stood re discouraged with such a a child so watchful and considerate. in other words.O F or rather Alice did. So long what I was striving for. I had read a hundred times that u The spirit of man will sustain his infirmity. I needed to be sustained in trials. the power of the human the spirit. however laudable or proper. but I do not think I ever considered what that if I it meant. : No. was not the great end for which to strive . &quot. sympathy of business men.

and teaches a profound lesson.J UEKEXT S from a fine physical was rather by a strength derived energy. but with the itself. If I fail to do For so. the history of the workings of the human spirit cannot be regarded with Now was about under circumstances conscious dividual.330 measure. J) K K it &amp. produced an agreeable but circumstances. stirring. than through any support from the soul. I was UX so. me supporting the active. I enjoyed no unwavering and consistent support. and I whom the spirit labors un to start afresh remittingly to sustain. my temporary state of exaltation . and in all my : struggles and efforts and experiences afterward. My wife could children could make me happy. that tranquillity which belong to him who under stands what life is made for. Let me repeat. I shall fail in one of the objects of this narrative. we shah pres 1 . do not know if I make myself understood. from great resolution and a de But I termined purpose. but I enjoyed nothing of that calm. every-day in against The house was no longer divided the result of this union of forces. still more disheartening. What was ently see. comfort me. various from time to time. in this it is view of myself that I hope to interest the reader. However insignificant the perusal of this history may appear. then when I failed in 1847.

Such persons form a and this class is perpetuated. mously high. in a poorer quality of paper. any price. Some of these are fashion able. of course. their as sociations most . 331 CHAPTER DEALING Y. and explained how.rate rules enor sacrifices. and spend five thousand. to find some person who knows the paper. in giving a description of Wall-street. It seems miraculous how this class never-ending state of bondage. out of can endure such a the individuals struggling to maintain a respectable front. the . after getting below a certain quality. the broker expects. I was brought is in contact with an entirely different class of people. But such a person is sure to take advantage of his knowledge in making the purchase. They keep up handsome estab lishments they earn by their pursuits four thousand dollars a year. AN UNFORTUNATE CLASS. In a previous chapter.OF wA LL - s T n . This led apt to me to observe how completely one s occupation control the character. They always anticipate . only too glad to sell at That. anxious people who had to class. from year to year. desirable. and holders have to submit to great The important point then is. their connections are of the first distinction.: KT . It \vas distressing to see the nervous. raise money from day to day. I spoke of the different grades of notes and bills offered in the market.

he pays them enjoyment. In fact the street is full of persons about to realize. although at the sacrifice of putting a new one on the it market. and with. and.&quot. personage mistakes afford it. it is for the broker is s and our fashionable acquaintance relieved.&quot.&quot. who want money a little in advance of the period. who is thoroughly acquainted with and who knows that the note will be paid when case.332 UXDE is 11 C UBKEXT S what due them. He knows much he can do with is out such people. goes probably to &quot. wanting a loan. The result they do all is. There are others who.&quot. and get a broker to sell them. and would not plead who they are most intimate some rich friend of the particular the &quot. so he nurses them along and who are ready to pay a large bonus for it.let man who has been so un t fortunate as to him in. can afford to pay well and they do pay well for cash accom modations. They tion. standing their antecedents. either &quot. due. his investment and makes a But he can well And he never quarrels with the &quot. and getting it shaved elsewhere.general. and are always harassed for ready money. usury under circumstances the most aggravating. They make This broker.&quot. off and about his evening s need friends to help them through with it. meeting several duns in the hall. when it neces He treats them with as care as a planter treats . So he cashes at a fearful rate.state. which oath interest to keep. He sets hurries home in time for the opera or a dinner-out. and the money-lender gets nearly all the profits. &quot. Sometimes this latter loss. They are honorable fellows. under notes. the work. having secured an excellent gov or &quot.corpora ernment contract. puts the broker under an oath of secrecy not to reveal where he got the money.

of others. K. for fear he may all not think him reliable for another contract. I was afraid he would break down when he saw how it was going. indeed! c. &quot. Among with little those who habitually want money are builders to capital. Drew the contract myself. r. at the mod erate charge of cent. having taken a contract. cies The builder. Yes. foolish he is gations at such fearful sacrifice. in manfully it carrying out his agreement.There is a row of what I Not a thing slighted. So he em ploys a broker. in order to make these very operations. or cash their checks. high-minded me chanic had lost a couple of thousand dollars and a whole season besides. . reader. at the rate of four per cent. who. dated a few days ahead. I don t leave any loop-hole for extras. 333 who has been taken ill. though perhaps not quite due under the contract. * I shall never forget with what gusto just. per since the cent. from cellar to roof. who takes care to be thoroughly posted in all and who goes straight to the man. I tell you. more cash than they anticipated Often the capitalist When their necessities are discovered. Very safe operation this. and for precisely the same reason. the fellow who did that work lost a heap of money by it.* keeping up his credit because he meets his obli He does not wish the wealthy proprietor to know how hard-up he is. one must build two or three times to learn how. that such delicate Now. materials rose so ast. you must understand man. fan little matters are managed through the intervention of third parties. a wealthy acquaintance once pointed out to me &quot. a block of buildings he had erected.OF a valuable negro \V A L L - S TU EET . money has already been laid out by the builder. this rich man actually chuckled over the idea that an honest. his affairs. or it may be it is withheld through some quibble. the poor builder wishes to avoid. remarking: call honest-built houses. a month. find they must with raise it. i but he stuck out like a trump. Honest-built houses&quot. who him has engaged these is men to erect a row of buildings for the very person to shave their notes. they go through have to bleed freely.

&quot. . and money-knave of Wall-street may hereafter find a place kingdom of heaven. which should only prove the rule. the majority are simply unfortunate. Men who are willing to wait on a set of supercilious. And I be lieve the wretched slave of the nabob and usurer. was disappointed in the kind of people these brokers proved to be. I can truly record that. path. and triple I say who are &quot. hibit you are in trouble they ex meet with a disappointment you genuine regret and they will take pains to remove an obstacle from your They . For know of no misery so despairing that or which avoids association. For only a dire necessity compels such an allegiance. with some special company. I was treated with more kindness and congeniality by the individuals just alluded class. While there are of course a good many unprincipled persons among them. it does not &quot. I had associated them with whatever was I tricky and dishonest. and sympathizing set. They I are a poor.&quot. as I have an inferior class of brokers. to. mean creatures . . avaricious. 1) UR C U 11 RENTS said. whenever they can do so.334 U K&quot. To this inferior class of paper belongs. I did them great injustice. to follow to run back and forward to carry out low cunning for getting high rates willing&quot. hard-working. Men who have been driven into this business by stress of weath er. griper r in the &quot. than I had ever before experienced from any are really sorry if if . their suggestions their plans of security. to wait rather who are forced to do so. w hen these latter miscreants are thrust out.

that I used to unre&quot. I procured for her the after our first third story of a small house. HITCHCOCK. Mrs. she was so kind-hearted. and at times so sonable. On the other hand. and consequently so quick to take offence. who. She was so sensitive. despite her faults. quite near our own. such natures attract more powerfully than any other. Of these two. which was occupied by a worthy family. house. and by close port themselves. and perhaps for that reason the It two girls became attached to each other. Hitchcock was taken sick and died. economy. so passionate. was not always easy to remain on intimate terms with her. so affectionate. She had an abundance of needle-work. so truthful. DEATH OF MRS. After all. mother and daughter managed to sup Matilda was a constant visitor at our She was as unlike Alice as possible. so disinterested.a- wonder how Alice managed to keep up the intimacy. she manifested so many noble and generous traits. This was easily arranged for housekeeping.OF WALL-STREET. Her character showed ever-varying phases of cloud and sunshine. of storm and pleasant weather. desiring to economize. that she attached one to her in an extraordinary degree. concluded to rent a part. so proud. 335 CHAPTER ABOUT Soon this time VI. if Matilda appeared to be the controlling . and afforded the at a widow an agreeable home low price. acquaintance.

On the contrary. It was sure to return. on the blasphemous. as she considered. the t\vo appeared to be of the same age. would attempt to reply. and not a trace of all this Alice. however. she perpetually de plored and resisted what she called her miserable destiny. I didn t make myself didn t make my condition. and as a matter of course. to argue and explain. but Matilda was about three years the younger.why have I such a love for every thing rare and expensive. She would not sub mit to circumstances. . The dark hour. So that. and I wish I were dead Such was the occasional lar girl. cannot help I was made shocked. Alice influence. strain indulged in by this singu by expressions bordering. UXDE R C U II II E N TS it being the readier and more demonstrative. ? and when I am destined forever to I love society. yet she had an extraordinary maturity of mind and body. For whenever Matilda went . she would exclaim . poverty life I am fond of gayety. &quot. The result was. and such a disgust for whatever is common and coarse. my position. scarcely to modify. I hate but !&quot. which it was im possible to correct. every thing and every body. shocked bitterness remain. they became firm and devoted friends. s was led.336 spirit. some in times at brief intervals. I should enjoy in the world my I tastes are expensive it. Matilda Hitchcock had one great fault. I can t control my fate. &quot. when I was born suffer in in poverty. It was never of the least use. Not through any by acquiescence of her com panion as something natural. . my ideas unsuited to so. after all.Why did GOD make me so?&quot. which contest or competition. I why? Does it not seem unjust? You need not look I didn t make my tastes. would presently pass. really.

Yet. by remonstrance mentioned a strange habit of hers. or annoyed by their meddling curi impertinence fit&quot. and see the parade fine equipages. some disturbing causes again brought them s to the surface. It served no purpose to contradict. would be rich all sunshine. She herself was perfectly sen without exhibiting a disagreeable consciousness on the subject. and no more till remembered. I thought . and so forth. and let the paroxysm pass. and find fault with her MAKER in the manner I have already ex plained. 15 . where she could witness the display dresses. when a child to be sure she could no longer indulge in such extraordi I have : nary exhibitions. unrestrained or entreaty. she gave of the rich and fashionable. and it lent &quot. I this have already spoken of Matilda beauty. fine made by way to the same freedom of speech. She knew very well. The only course was Then it to wait. Sometimes she would be subject to the of men. perhaps not more than the majority of it girls manifest. that those unhappy characteristics would be lost sight of. thought of no more. an additional argument to her discourse. and affluent you would witness such tokens of a and and noble nature. Then she would curse the day in which she was born. it was a dangerous quality. but she made it up in the violence and ex travagance of her observations. sight of the 337 gay world. or attempt to silence her. not striking .OF WALL-STREET. to be marvellous. latent fondness for admiration gradually sible of A developed itself. when the seized her. in her position. osity in attempting to discover where she resided. At sixteen came it.

. She was fast failing. I found Alice absent. The two wore much together and. Hitchcock s. &quot. as I have said. Hitchcock pointed to a seat. always welcome at our house. to Promise to adopt her as your &quot. I hastened to her residence. had an impressible nature. The widow was I quite conscious of her situation. you cannot accede to what I am about to request. ling energy. but Alice quietly drew Mrs. She face with eyes supernaturally brilliant and . In it an experienced eye could not fail to recognize the finger of death.338 Alice s UND E RCUKRE NTS influence on Matilda was admirable. ing from a very severe attack similar indeed to the one first she was seized with the evening I met her. . When came in. with reluctance. she said suddenly.oh! what days and nights of anxiety have I passed for you ! how can I leave you exposed to child. .&quot. The latter .&quot. and said: u My time very short. and with start /&quot. she continued. I was struck with the extraordinary pallor of her countenance. Matilda my child. She paused to take breath. &quot. left Her daughter her away. the mild but decided bearing of my daughter. where I found her just reviv . had great Charley and Anna were also was fond of so she her. a message O for me to follow her to Mrs. and always the same. . she motioned Matilda and Alice out of the room. Promise The widow looked in piercing. s my hands were clasped in supplication. and Returning influence with her companion. I shall die with a heavy load at my heart is if . very home one afternoon. always consistent. as it were to herself.

Yes. On already a corpse was extended. mother. I 339 dared not hesitate an instant. He accepts you &quot. She thought the Matilda. &quot. You will go home with Mr. Hitchcock.&quot. .&quot. but pointed toward the bed. : I do promise. &quot. said Mrs. I took her clasped hands in mine. I made no it reply. &quot. Up to this moment Matilda had been in no great alarm.&quot. worst of the attack was over. Parkinson. exclaimed Matilda. The two girls came back together. children. as one of his What does this mean ?&quot.&quot.&quot. Call she gasped. and said her. &quot.OF WALL-STREET. turning in dignantly toward me. &quot.

to attract notice to a class in Wall-street (using that as a representative local ity) who suffer and die in harness.Ye . and which present those suffering bodily want.340 UNPEKCUKKENTS CHAPTER THE VII. whom is now so fashionable to write tales merit frequently consists in and romances. which shall cure some of these evils? Probably not. to be no radical change. which are to be encountered. reader has already perceived. if he have devoted ordinary attention to the topic. that one object which I have in view is. Did they know the aching active hearts concealed under a most respectable exterior. and who miserably disappear. people benevolence to who honestly seek a field for their work in. after all. I have a design to present in a single volume the claims of those who are precipitated from a certain point of prosperity into a wretchedness almost in describable . such certainly as they never themselves employ). I wish to print such a book. who suffer beyond any human conception . &quot. whose chier the ingenuity with which broken English is manufactured for their use. as he ran over these pages. MORALIZING. Is there. Our SAVIOUR said: &quot. it much stronger appeals than seems to me they would en deavor to devise some plan for their relief. and ask philanthropists at last to read it. Yes. That while (about I do not it ignore the claims of the lower classes&quot.

with a species of awe that I see a It is man who feels that his destiny in this is world is settled. encounter face to face an arrogant rich man.&quot. that ground down what can be got out he is of such a man. you can read it as plain as if &quot. is Now. 341 Doubtless. I say. he will not only feel bitterly toward that rich man. is know it. you a poor devil . and thereupon suffers law. Just now will not people be apt to consider May it not be. we attempt ? to assist the poor let relieve the heavy-hearted. that it is very un just that such an insolent.&quot. the reply printed deep too.&quot. iron-marked &quot. will be a just depletion. which teaches him to regard this world as a part of a comprehensive and compensating whole. who considers his own position secure beyond contingency. have the poor always with the miserable also. So. that out of the general calamity which encompasses us. complacent How superciliously the sleek. the &quot. if the man of misfortune not possessed of a high moral sense. while Then he may in reason. is experiencing- There they stand together. you.I were That printed. us try to Still. there will spring an increased regard for the condition of our neighbor ? I do not know. who understands that be sunk into a state of chronic misfortune. dressed. overbearing creature should be in possession of in misery. amply man of wealth ! regards the hard-featured. but he will be very apt to reason himself into the belief. insensibly he may any way. man it of adversity I am lord paramount.&quot. we shall have .penalty of the . all his heart s desire. describes How the countenance of each ! what each has experienced. be led into crime.OF WALL-STREET.

thirds were decreed to be invested for the benefit of the two younger children. of Norwood and Case. to the amount of at least five thousand dollars. but had a large So Goulding not only gained of costs to pay. Norwood and a strange lawyer. sensibly the dif ference between Mr. now and then deducting the bill represented by Mr. since a litigation. Besides. In this I felt The expenses on my side were very large. and could then receive it in person. That decision was in my favor. tent. against dollars the estate. : A few weeks after the receipt of the Harley letter. in the Court of Appeals. had I not resolved to turn ? whatever came to pass to pleasant errand ing. mit such an enemy to enter when of right I would not per ought to be con is. . I experi enced some degree of despondency when I beheld what I once considered a sure resource for my children. Alice s portion was retained on suggestion of counsel. besides heavy counsel fees. Case. or rather in favor of my children. Laboring for a rich result gratify I was now to labor always for a rich result! . some time in the long future.342 This is UNDER CURRENTS right. bill nothing. uncertain as every litigation had terminated in our favor. two. is my advantage Walking on a easy. diminished to so I small a sum. -. who all took no personal interest in that my family. of couise. but how much of this crime is morally chargeable to the other? if I should not be surprised. The victory was dearly bought. But I checked the feeling. After paying was chargeable in the suit. that she would in a few months be twenty-one. the suit about the Bond-street house was brought to a final decision. he should be called on to - answer the question. scarcely two thousand remained ! Of this in court.

Alice. if we attempt and could to interfere. and I expense of his birthright. So far from manifesting any gratitude. as would seem. acteristics which had given force to the man s career yet the same qualities led him to quarrel with his uncle at the And my heart grew soft. papa.&quot. told Alice she should have her own way with her friend. however. no one could perceive the slightest difference in her demeanor. her good sense will triumph . and suggested She said that my daughter should talk with her. thought of Matilda father. my classmate. the same char . thing inexplicable in Matilda Hitchcock. appeared to irritate her. a stranger would suppose she was suffering daily some wrong at my hands. VIII. fact that she The it was now to be an inmate of my house. tion to them. advised it me not to notice these strange exhibitions. dependent on me. A week passed Matilda had been with us a month . At length I spoke to Alice about her singular conduct. we shall go from bad to s worse. magnified and distorted. and. 343 CHAPTER THERE was one er.OF WALL-STREET. If &quot. we let I her alone. least feeling at the loss of her moth She did not exhibit the Except that she was more reserved than before. would only make matters worse should we pay any atten She is so different from other girls. MATILDA. see in the daughter.

&quot.&quot. indeed. I wont be dependent on anybody. do not know ! . I can t explain myself.Then. am on human being. why can t you remain with Because I am not willing to be dependent. in debted daily to the patronizing charity of religious hypo crites.&quot. &quot. I do not know . who claim to confer favors by giving her work to do at half-price. exclaimed Ma tilda passionately but yes. circumstances so straitened that you are an additional burden. for were alone together she said affording me food and shelter so leave.&quot. For me. &quot.&quot. us.I long. after breakfast she desired to speak with When we you I &quot. She is dead and gone. &quot. I will glad yes. she added with impatience. only can repeat what I have s &quot.UNDEIICUKKENTS when one morning me. you can. &quot. it is not. Mother fretted her life away. because I know you are struggling hard yourself and cannot feel the rich man contempt for the poor. you do understand person of wealth I should feel all the how in the family of a if were the object of In your house I have no such time as I their complacent charity.&quot. if I &quot.&quot. Had you been rich. It is because I know you are not rich that I have been able to remain so &quot. am now going to was astonished.&quot. &quot. No. I her weary life is over. my child ?&quot. not for the slightest . understand myself.I said.&quot.Ah you think my ?&quot. I Where are you going. Is it not so &quot. : I want I to thank long. where I can support myself. glad never be dependent aid. scarcely understand you. feeling.&quot. I would not have staid one week. no.

&quot. and then. bearing. independent sions w^hich certainly showed a wrong and were very censurable. Her decided. &quot. me to the moral harangue the interest excited by displays of so extraor dinary a nature. There she sat. Now used to like to come here. some persons might to I said. and therefore. I propose that you pay into the . self-willed and imperious. Her manner. for something told me that the girl des tiny would turn on my treatment of her that morning. You are not so far out of the way. old you have no plan except to avoid a state of dependence. was provoking and tantalizing. touched the idea of the moral lecture vanished. My mouth all are. coupled with expres state of feeling. was open with an important dignity But I paused ere to I go through with first spoke the word s of my discourse. which is intolerable to you. too. You are too old for me manage as I would Anna. while she bore herself so bravely. prompted aforesaid . what a marvellous beauty she displayed in this exhibition. of manner to read her a sound feelings. the thought of how weak and powerless she really was. and A natural view of came in its place. as suppose. Strange. me aright. I think. She seemed almost to defy me. Matilda. There Was no aifec- She was thoroughly genuine. as enough to be reasonable. My first all impulse was proper severity moral lecture on the folly.OF WA LL to - S TREET . the wickedness of such to austerely explain first and with show becoming indignation. the recollection of her orphan condition. and so forth. how we these trite truisms. and must be dependent: on GOD. 345 I looked earnestly at the girl. tation in the scene. the situation &quot. then on each other. and as I know you love Alice and the children. not a bit.

I discovered she relished the rule of a strong hand.346 IT NDEK C U BRENT fair S common decide it treasury what really. From that day it was all Alice and she fixed the rate of the weekly stipend right. on a computation. to take the But she same felt at home in temper were cured by our house. used to strike the string too manage ment could be attributed a great share of the daughter s faults. Her mother had not undertaken to restrain her. from that time she had feelings similar to. I am sure you wont insist on my making money out of you as a boarder. do not : to say that her infirmities of no. we shall actually costs us extra for your being here. what occurred was one of for my own me children and I believe. means. She knew. provided it really was strong and always right. Beyond this. often. and unfortunately. and we will hope something better in the future. and she walked hastily out of the room. if not as strong. The fact was. and. When I got better acquainted with her. For the present. Matilda required from her infancy a firm but reasonable and consis tent government. without any appeals to the benevolent people you detest so much. soon came to know I as much mean of my own daily affairs as Alice herself. indeed. I smiled The tears came into Matilda s eyes. through my daughter. to the weakness of her mother Long as I had lived in the house I now occupied (over . latter interested herself at once in our daily routine. Indeed. the . as those she for her would have had own father. and appeared as if she interest in .&quot. in short. how s to touch her feelings. your needle can easily provide that.

she Anna and Charley knew several of the neighbors. had selected the church she preferred to attend. and interest myself in whatever should prove of interest around me. W ALL-S TKE ET. and form a part of the world within my reach. Now. and felt the very interest in some of them that I was myself disposed to cultivate. I determined to look about me. because she was so old much pleased with the minister a good man of the Baptist persuasion. of the changing. I repeat. if I could way and enjoy it. and where went regularly to the Sunday-school. I attended service at our old church. Many were the beauti only stay by ful thoughts which had floated through my brain in the the years I had lived thoughts of a higher life. sometimes went with the chil For Alice had herself selected a church near by. My daughter. would bring myself back within the pale of human sympathies. I was in the habit for a time of going to different churches Sunday mornings as inclination dictated.OF four years). and tortured lest I might not earn enough for our daily wants. where I owned a pew. and where I had paid the regular assessment for the year. seemed to me all at once that life was very rich. I Sometimes dren. I had neighbors. I Now that it was to be pressed every moment by anxious cares. After that expired. Besides. of exquisite happiness. 347 the made no acquaintance with any of first For the season after leaving Bond-street. discover what sort of human beings dwelt in my immediate neighborhood. had these all vanished and Was a time yet to be when these should come . and the free in this world and out of forever ? it beyond it . I staid at home. the joyous. I it instead of merely vegetating in while I was hoping for better times.

reader.348 UNDERCURRENTS call ? back and become once more enjoyable. But it deep melancholy should steal over was only on occasions. on our left. don t think I mean to impose on tempting to make you believe I congenial friends I had am to enjoy the surround ings of these people as well as I did those of the circle of and who brought around them every thing wealth could bring to make life pleasant and Other people may talk such cant to you. a ship-carpenter . This last fam ily had two boarders. I will delightful. But what I could compass was this. family . many would you by at Now. I ascertained that a clerk in a large wholesale dry-goods house. The other family had harder work to make the year meet. and it was natural. and the husband was kind and good-tempered. when I could them mine Recollect. resided next door. and lived very pleasantly together. left. for they had a large the wife. sensible. the husband. I told Alice I should hereafter go every Sunday morn ing to the church with her. at times. They had no children. reader. but the wife managed well. and laughed when have made sour faces. I made inquiries about the book-keeper one of the banks. unambitious man . a quiet. not. Opposite lived the proprietor of a livery stable next to him. Deciding I ought to in humanize myself by taking part what went on around me. that a me. The Austins were refined people . a in . intelligent and well-bred. I had lost ray companion. which helped to support one of their children at an expensive school. I could find out re- I did soon find out that there were honest hearts and . by the name of Austin. on our right. persons who lived near us.

Selleck. IIo\v independent of soul he must have been who had not the cared only to do good slightest thought of self-interest. I began to form a strong attachment for Mr. with an appreciative spirit. as he preached on Sunday. She did not like to attend church. the clergyman had a habit of snuffing. and whenever I found it. the building was hideous.OF W ALL-STKEET. complacent feeling that the very comfortable for them. the congregation dressed in bad taste. Now. Besides. at such an ! irreligious demonstration one so young. for he seemed to have no idea but how to serve the spiritual inter ests of his people. she said . many will hold up in their hands in horror. What a mistake . and altogether a vulgar-looking set. qualities I could. and exchanged words of greeting with various members of the congregation. and ! I could not help contrasting him with the fashionable clergymen mode to admiring audiences. I would enjoy and honor it. while wealth lends to these additional charms. fined natures in every condition. With some this widened into an acquaintance. 349 That these do not depend on wealth. seek for the good and true around me. who dispense religion d la who quit the presence with the path to heaven has been made Matilda did not enter with any relish into Alice s Sunday occupation. so that I began to take an interest in the church society. and our general charities to bestow. and an abhor rence for the counterfeit in life. So I listened to the benevolent white-haired old minister. our va rious interests to foster. and frequently smooths the rough and disagreeable of very coarse people. I was thus gradually coming to an appreciation of what was honest and real. We had our poor to look after.

no to thing had been done when she was a child intensity. . load which I had to carry. Unfortunately. so that her tastes were ex it gave her a love for the refinements of wealth. Failing to possess what she ap preciated so fully. that certain sights and sounds shocked her eyes and ears. she de However. sical ear detects a discord where another perceives only har mony. rich. and forced daily to take up with what was repugnant to her. and now it was quite too late to moderate its eifect a if change. and to this most of her faults were chargeable. which made her character appear in a very unhappy light. which was destined to become more and more heavy as the years rolled by. Yet the poor girl could not help this extraordinary tempera ment. This same subtle sense made her dislike common clothing. which would produce no effect on ordinary organizations just as a person with a fine mu . and a disgust for poverty. Matilda did go to church. Alice herself. This was the secret source of the greater part of her miseries. with a more demonstrative energy and reso lution. she displayed at times an irritability of temper. coupled with many passionate demonstrations. but I doubt rived much benefit from what she heard. that Matilda s The simple senses were so delicate and her appreciation so nice.350 UNDERCURRENTS truth was. neither was she to blame for it. and admire whatever was pensive . she accomplished whatever she undertook in the most Thus she really helped to lighten the successful manner. Competent as In and about the house she was charming.

OF WALL. your income. IX. 351 CHAPTER FKINK. on a would seem a very petty affair to secure five dollars per diem so I used to think. your old associations it is all. stop one moment. To be future.STREET. and try and how is There Beat your head against the dead wall. yourself from your position. no door there which opens as doors used to open to it ! do . stances. obliged to spend five dollars a day. it is not easy to lay hold of a new opportunity.doing business&quot. giving complete satisfaction to his employer. and eating into his last month s wages very fast. But when one is ousted from one s position and divorced from one s circum large scale. five dollars a day. only imagination) loose into the street. Indeed it is grace doubtful if Charles recognizes himself. reader. In imagination. separate it Now. Cut off. let it be understood you and STARVE if you don t earn it. at twenty-five dollars a is month. this instant* you. You would not know it was the same person. in becoming livery. gives one a gloomy look into the To a person accustomed to it &quot. Think how would be with your business. Turn yourself (thank GOD that and be told to earn your children fancy will Ay. not earning a dollar. in dis quite a different person from Charles discharged walking about in very plain clothes. and be able to earn but three dollars. Charles the footman.

did not even look up. You implore to have the You have had enough spell dissolved. tion. &quot. I was in the . ?&quot. With me. For there was but one man in the street who would buy the paper. out of it the year before thought I remembered the Another pause.&quot.&quot. &quot. it was not fancy work. He his labors &quot. UNDERCURRENTS You strive. (repeating to himself). The money I made on this return to business was three dol lars on a hundred-dollar note. I found a at man apparently about sixty- five years old. you before. in a side-street leading out of Wall. you agonize. &quot.&quot. Wasn t you in the silk business in 37 &quot. and you returned to your friendly associations. at the same time plac ing in his hand.You in the note business ?&quot. and his name was Frink. : Thereupon the following dialogue ensued &quot. He occupied a small hole.&quot. Parkinson. but It first fact. ?&quot. &quot. He was work at his check-book when I entered. &quot.&quot. What Don t s your name?&quot. and this was through the agency of Downer. Downer directed me to him. Will you take it this note I said. of it. seemed at first as if I should never get started.352 to you. Parkinson&quot. Perhaps &quot. literally seven by nine. Went name. &quot. up two pair of stairs. and peered at me over his spectacles. recollect seeing not. . dry-goods business myself. but continued his addi In about five minutes he paused from I sat down. Yes.

have seen him two or three &quot. When it was signed he handed it to me.&quot. meaning the endorser. million of dollars.Yes. &quot. C: 353 V &quot. and fice. at two per cent. not I long. : at. looking at the note. and as I saw Mr. who had given up hope of getting the note cashed. Frink meant what he said.I &quot.&quot. What do you You can have it expect for it it ?&quot.&quot. What was You know I given for castings. No. As it did I not exceed my instructions. I had been told was idle to offer less. this other man ?&quot. was careful to keep He was never name out of the city directory. a month. I believe for &quot. yourself?&quot.&quot. was delighted let to get the money at any sacri This Frink.OF WALL-STREET. ?&quot.&quot. Haven t been in it long ?&quot. a month. as I was for He resided in . but pro ceeded to fill out a check. &quot. &quot. Honest Mr. &quot. &quot. know it the maker. saw on glancing at the amount that the old blood sucker had deducted three per cent.&quot. me tell the reader. New York his and New Jersey to avoid being taxed in abundant caution. Do you know don t this man ?&quot. was worth over half a He had no family. That s the best I take his notes saying &quot. By this transaction I made three dollars all the voluntary offering of my man. no relatives. &quot. I pocketed the check and came away. &quot. &quot. times. Did you get the note from him did. known .&quot. &quot. Friuk paid no attention to my reply.&quot. told.

so long as . and I was very rich at that moment. but forebore up by inquiring any speculations my friend might dollar was entertain concerning Frink s destiny after the this swallowed. &quot. as I walked along. about as to man. ll swallow a dollar the wrong way and I could not help smiling at the practical and very literal it character of Downer s to follow response. . Downer it as he finished a pretty long story about him. my &quot.he. in all my emotions was happier. experiencing how does it matter. ?&quot. I do believe.354 to UNDEK C UKRENT S bestow a cent in charity. he never to change induce you must he go on ?&quot. ? asked myself. I thought a good deal nevertheless. of &quot. &quot. poor I am. exceedingly shrewd in his judgments said I to man of this become What will &quot. drew a a sense of relief. took great pains to make himself acquainted with second and third and even fourth-rate paper. I said.&quot. in being assured long breath. What own identity. He excited in my breast a profound feeling of I com Is passion. which necessary to repeat here. how hard I am I feel as I pressed. As I walked homeward.Why.&quot. do?&quot. or to do any human being a kindness.What will become of is un him?&quot. and was He about it. some time or other he die. so always f What would I to take his place A shudder passed over me at the bare idea. &quot. repeated &quot. than I ever I was before.

The children required I new some summer dresses were necessary. work of disposing of first-class paper. myself should at least have a new hat. I preferred to and do the whole for nothing to losing a customer. two months wages. It was aston occasion. when the griping wretch allowing him that before he would give me the money. THE PAWNBROKER. . I was We owed all the servant grocer a two-weeks bill. I could not bear the idea of disturbing Alice s treasure. so What had I best do? carefully placed in the savings bank. I on my I expected to charge on the answered frankly. that the commissions were necessarily small. but the men who would purchase drove such hard bargains. by other brokers. off-hand Very different business indeed from the ready. was all I could get from him.OF AV ALL - S T II E ET . On one was asked what commission transaction insisted . it X.&quot. was impossible I for me to meet our had a good many notes to sell. necessary expenditures. I ishing how close they all calculated. You must make your man pay I you. As was limited by the owner. 355 CHAPTER Do the best I could. the end of three months. shoes . &quot. The The butcher also for two weeks. decidedly behind At hand. and knowing the note would be sold elsewhere close the matter.

Hold on. I tell I you. and goes in the is end. were a species of humiliation to enter one. perhaps. I looked at it. will lose that s all . pawn any thing. about exposing myself to some great he could not have appeared more apprehensive or con siderate. on for way home. and knowing I must not go home without some that time I as if it seemed money. came up with me.&quot. of an approved maker. the street. and stood quite his undecided.Let me go. peril. he were in pain on my account.&quot. &quot. but there no help for it . I reached the Park. I determined to make the . Never did seem so much of a companion as at that moment.&quot.&quot. &quot. as I started to cross it. I have been through with just as lief as not. Disappointed in receiving a small sum I had that day counted on. use.&quot. my was on the point of assenting. said Downer. sell it for you keep on paying twenty-five per cent. &quot. I must have the money to-night.It of no it. and saw as if his harsh. You and you will be just as bad off after &quot. he replied. will you have any thing to part with. It was here that Downer. I had It in my it pocket a valuable watch. That may be. &quot. ward. I said. till I strolled slowly along Nassau-street. repulsive features betraying the strongest feeling. when I looked in his face. . What s are you waiting ?&quot. Parkinson. He seemed actually Had I been a child. and had partly raised hand to my pocket. I told him. &quot. or three years.356 UXDEKCUREENTS to Up It had never visited a pawnbroker s shop. per annum for If it two &quot.&quot. had cost me two hundred dollars.

speedily transferred to the hand.&quot.OF WALL-ST &quot. take it. without the least examination. My heart beat violently as I entered. but an intelligent. will go through he it too &quot. Can t you give ten. Well. who it carelessly opened one side of the watch. of the The same just a springing of one of the sides.No. : How much do you want &quot. watch. How was passed.I 357 my friend!&quot. . . at tempting precisely what I proposed to do.&quot. as agination had pictured. He had just handed it in. &quot. Behind the counter stood not a black-eyed.&quot. as the monotonous.&quot. It was now my turn.&quot. ?&quot. you better now want. the arms of the Lombard merchants. in would not thrust myself one of the coffin-like stalls. where a man was already engaged. Twenty-five dollars. ask for as much again as you Mind. Only &quot. again. sharp-visaged Jew. long-bearded. The fate of predecessor augured poorly for The watch was pawnbroker. by habit. nodded. &quot. and crossed over to where Simpson displays three golden balls. and then much do you want careless examination if ?&quot. I who were the first in old times to lend money on pledge I of chattel securities. but walked straight up to the counter. and shutting said &quot. &quot. my im business-like looking individual. than at any other time. said. My hand my trembled as I drew out my me. II EET.&quot. to wit to get a : loan on his watch. fifteen ?&quot. replied the man. &quot.! exclaimed. Will give you ten. &quot.

The demand the &quot. and it was After my ?&quot. &quot.358 &quot. Mind. I transaction was closed. a slight pang. he inquired. UNDERCURRENTS I must have fifty dollars that. &quot. What name Parkinson. hardly knew why. I suppose so. My hand took its usual course to my watch- guard.&quot. than any thing were placed in my hands. and we must give our small customers preference. so great. then he turned around. and the A new-comer took my place. and an excellent rate of interest. but over. on it. it grasped vacancy all. and was surprised that was so late. Tis good for was the answer. There was a moment s hesitation and took up two pieces of paper. I I felt very grateful to the I man behind the counter. but stepped out institu on the pavement. and I beg you to accommodate me.&quot. with a happy appreciation of the tion of pawnbrokers. but we are not loaning now is over twenty-five dollars on any watch.&quot. ?&quot. friend of the three balls had a very perfect security. &quot. but really I must have this money. Fifty dollars inarched away triumphant. it could thus so suddenly bring Just then I cast my eyes up at the it dial-plate on the City Hall. .&quot.&quot. Well ! all right It was Downer s voice. it me (the name looked more like Frogson. you have been very foolish. since relief to the suffering. . and unconsciously I undertook to compare the time with my own.&quot. &quot. &quot. In just a minute a ticket was handed to written on else). Such a thing as a watch gets to be a part of yourself. You shouldn t . I say.All right. &quot. &quot. and.

when a . and then you would have managed some way to 1 tell you. I I thought I heard nothing though. im agine I looked a little foolish. Downer shook way home. on opening. I assumed to be angry. I must keep at work. and told the time. too. but I did not. and all laughed and laughed. The young ladies raised their eyes I proceeded to open with a very natu in ! ral air of inquiry. which. day. gave Alice no opportunity to ask questions that night.&quot. it. when a ring at the door was followed by the girl bringing in a small box. for the young ladies kept and I fancied. each on his When I came mulated. GOD knows. both the girls burst out in screams of laughter. are &quot. it s so. and we separated. half-smiling sense. with which to to purchase shoes and lars ! summer dresses ! How the fifty dol I had melted away Never mind. 359 have parted with it. you going to do when you have pledged every thing his head. to put on the watch. I pay off the petty debts which had accu found I had but eighteen dollars left. What raise the wind&quot. it. reading the newspaper. them. should escape unobserved. I went early to the office. me. for several days. ?&quot. &quot. after din was seated. They jumped up and stood before me. eying But when I proceeded. One evening. found a neat morocco watch-case. without it. I carefully done up. I The next about ner. I hardly knew what to say or do. with a kind of vacant deliberation.OF WALL-STREET. You should have imagined you had no watch. to have done with such non till I asked them what there was to lau^h at. with an air of ill-suppressed mirth. I discovered I my own handsome lever I was amazed. and directed to me.

Thereupon.* It . Oh ! nothing... nothing. also. B. while no justice in my being exposed to so knaves had every thing their own way. however. She exerted herself to the utmost to economize. and with con science. much I . some time after. one would suppose. Then the two girls actually sold some of their trinkets. but I enjoyed. however.. and never parted with I write. I acted honestly. She took occasion. extend and acquaintance. s ?&quot. affecting to be vexed over I could get no explanation from either of the conspirators. she could see and declared much my distress. little things.360 UXDEBCUHR his E NT S gentleman received clean &quot. but I did I could. lie. and cheat. . ing my I kept on. raise the money to redeem the watch. reader. gaining.. I enjoyed the scene very it. to C. from day to day.. and the pawn-ticket filched from my pocket. and wear now was utterly impossible for all me to earn a living for I gladly my self and family. watch back from the jeweller and away they went again. She knew behind hand every month. and deceive.. which she thought escaped my observa Matilda was not one whit behind Alice. its whereabouts was suspected. an in sight into matters I myself to do as advantage of the hands had I chosen to . But this I never did. often. and taken situation of people who were thrown in my knew little of before. two. to abuse the world liberally. Alice knew precisely how we were situated. Had I permitted many persons around me did. even one dollar. I could see this in so I falling was many tion. * I learned . it again. I never could do. half- crazy. made three dollars.&quot. So I put on it my as watch. You know. that it was MATILDA who first discovered I did not carry watch as usual. p. I could have squeezed out dollars enough to support us.

He chilled. came home Thus. the first 361 time. and next day. a serious apprehension as to the re sult. For my wife died. and went to bed with a high fever.OF WALL-STREET. too. I was obliged to em ploy a physician. Charley got wet through and through in a soaking rain one Saturday. while enjoying his holiday. since my petty debts accumulated in spite of me. for a time his life was despaired of. 16 . The he was seized with inflammation of the lungs. Meanwhile. and with it. to the burden of poverty was added the sickness of my child.

was not aware before how sad how much was was depending on the future of my boy. There was but one way to do. The summer was over. which some times had the effect to silence. One of his lungs that any overexertion or exposure I cannot express him within I doors. and I worked resolutely on. if not to convince her.362 UNDERCURRENTS CHAPTER CHARLEY recovered manently affected. I did not attempt to argue with her. so confined after several XI. I could see compensation. Read the ninth and tenth verses of the second chapter of Job. my new-found strength came to my support. and could I hold out a ? accomplish for us few years longer. which would be . But not was per I I to enjoy again his usual health. even in this last misfortune. to endeavor to get an advance on Alice s share in the house fund. made Anna very considerate of him. that was impossi ble. VARIOUS MATTERS. and we had to provide again for winter. for it would only excite irritate her. I continued to run behind-hand. frequent occasion to arraign Still Matilda took PROVIDENCE and for thus afflicting me.&quot. and threw an additional softness over the demeanor of the whole family. &quot. weeks illness. to witness this. and that was. except to say pleasantly. He was nearly thirteen. So I would make no reply. what might not lie After a little. His delicate It health refined and elevated Charley s nature. Meantime.

through the win . and thus lived I obtained an in perpetual purgatory. and way of increasing my receipts. rich. Never mind. clothing. and which obligation contained a careful statement that the money was for her support. the earth. Meanwhile. the sun. fifty advance of three hundred and dollars. So by the succeeding autumn. Despite my utmost forced to make petty debts. through the spring. No way s distresses. by which to pay the advance. paid to her exertions. yet it was consum ing the will capital ! which remained to us. the stars. was if entirely exhausted. rejoiced together. but from which was deducted the sum already advanced. what efforts making by people to cir cumvent and overreach each other ! How much last better had they all been honest I ! During all this year I made some progress. . I could not But with my make enough to support my family. prodigal. into another summer a new sum mer. when the trees were covered with foliage. joyous.OF WALL. the moon. which had been paid over to her in the spring. Alice s fund.STREET. fell about so much behind. what passions were busy. what plots were devising. we work on And we ter. Through Mr. what plans. 1 363 when was she was twenty-one. Alice entered into an agreement. exertions. and general mainte she assigned sufficient of that nance. It seem ed as there was no possible I earned just about so much. Case. where I earned small sums. This was an extraordinary little relief. and nature in was everywhere impeded by man bloom. through the year. got into a routine of pet ty business. out of the six hundred and fifty which my daughter was to sum receive in about three months. did work on.

they could let I . to be sure with him. with the pleasant expecta work. and asked him to pass it for me. at twelve. but he would offer the accept ance at the board. and whose paper had I hurried with it been frequently discounted. that not one of the directors . Such and such notes he would take at such and such rates as mean many with whom me to hard enough. was civil. to the presi dent (formerly the cashier. But com mence on our last that deposit conveyed the dreadful thought. who was indebted in the first instance to . it was through that singular personage that I realized the larger portion of little my commissions. Penurious as he was. This man. indeed had never seen them before. as I have already mentioned). which met that day. but barely so he said he did not know the names. Frink. that failing. he was not so des I picably Neither did he ever desire was brought in contact. do any thing dishonest. tion of to any of the directors. if it the parties did not want to close alone. Alice still was had still five hundred dollars and the to interest. The president handed me back the paper. my influence for promotion. and if it was favorably known passed for me. One firm which he said day Downer brought me a man who had an acceptance of a was known there. with the remark. that all was all.364 It UNDERCURRENTS true. untouched in the savings bank. making a handsome commission out of the day s I returned at one. had kept my account open the time in the Bank of Credit. Notwithstanding the severe por traiture I have drawn of Mr. it would be I left the bank. hope was and destitution was absolutely staring us in the face. with the hope that I might ultimately get the control of such paper as the bank would be willing to discount.

and duly paid. &quot. by attending to some . &quot. I was indig nant. without saying a word. where I had done business for so foolish to give difficult way to any exhibition of feeling it. I asked for the possession of the notes a few mo ments.&quot. dis counted at the Bank of Credit. offered. lot ?&quot. and stated what had occurred. sir. continued the official with some severity. This was the end of my operations with the old bank. always to repress thought seriously of attempting some other plan for a livelihood.&quot. and stepped to the bank. never will discount a piece of paper not known to some one of its directors. and. many. and. that the Bank of Credit never has. I was but it is . Glancing at the indorsements.OF (and it W A L L-S T R E E T. You know. satisfied with the respectability of the . he brought me five pretty large notes of the same makers. and I said acceptance.&quot. I took the to the owner. offered doubtless in a t batch of tens of thousands. had specially passed on you not told me every note was that s all. 365 was a full board) I expressed my disap pointment. we would when we were &quot. at separate times. The next day. exhibited them to the president. stop to scrutinize one little You don suppose note indorsed by such men. &quot. No. I don t or at least I should not. he said : These notes were a firm worth a million of dollars . knew it. Mr. Parkinson. Again I endeavored to I There were times when devise a way to increase my earnings. There was no gain saying so good a banking rule. I returned it so. I venture to say. He by turned red with anger. and came away. many years. however.

brought my own One day I ing to find a purchaser for a note had been running about for several hours. would buy the note. I hope you will. named Sidney. what privation. hop which had been placed in in my and hands. was my reply.3G6 UNDERCURRENTS It matters outside of my daily occupation. rollicking. and was only on occa had some despairing moments. I in a sought information of Downer. Even then I felt persuaded that whatever happened it was all right. . I preserved my cheerfulness well. knew the party well . Finally. and who. : If I only could find out it !&quot. endure to be able just to pay my way! The and live by my work. He directed me to a stock-broker. what the ALMIGHTY wants of me. who. what mortification ! would I not privilege to work. called &quot. operations. My old acquaintances were fast disappearing from the business world. had to offer. was in vain. smiled at my own voice. was all I asked all. while I was fast becoming fixed in the miserable work I had undertaken. good-hearted fellow. that.&quot. and. who was generally fortunate in his in business paper. encounter no one who would take it. &quot. ! bare support Oh if I could but gain enough for a What toil. always afflict These reflections did not me. he said. thus soliloquy. I could The owner was great distress for the money. I and sometimes invested at his office. I involuntarily exclaimed sions that I aloud &quot. it On the contrary. as I always did when quandary.&quot. I would try and do I started at the sound of to myself. So I on him I have half a mind to take and presented what he said. One morning before I was up. he thought. This broker was a gay.

. When arrived there.OF &quot. sung in a fine deep voice. with several of his set. and for the sake of the novelty. The man conducted me I could hear through several passages. long before sounds of bois we reached the door of the private room. Certainly. Go there about halftell him what distress the man is in. AY ALL-STREET. &quot. the colic and the phthisic. I waited.&quot. Do you want me to tell you what whom I communicated the result.&quot. ?&quot. by one of the company. to my own account.&quot. said. I felt very sorry for the poor fellow who was expecting his money. and Shadow. and I checked a further advance. when at that moment one came will say in his ear. acquiesce. cures the gout. immediately. and you finally I will get the money. but no one heard him. where terous mirth. And it is allowed by all.&quot. boys. to do ?&quot. at past six. the colic and the phthisic. and asked one of the waiters for Mr. ycleped &quot. stating I had business with him. all joined in the chorus: Wine Whie cures the gout. I was sorry too on &quot. Sidney.&quot. boys. On the whole. buy this . and who manifested a keen disappointment. was about two per cent. I think I wont now. he is. and whispered &quot. u &quot. I hesitated about going . as as much for the adventure. and then proceeded to the place of entertainment. Sidney dines every day at the five. the waiter knocked. 367 I suppose you to I in. said Downer. in Broadway. yes. fact cannot stop and off he went in a twinkling. Weli. concluded I would go. while &quot. the Shadow. any thing. while I listened to the following. Yes. till the appointed time. therefore.

Thereupon he thrust his &quot. said. Stop him : . no running away.&quot. the poor devil in ex how all shall we calculate ? never mind as statement ready. ing.&quot. rose. he a queer place too tremis but if. merry. mingled with voices shouting &quot. this juncture.&quot. a roll of bills. by saying I did he not thought positively decide not to take the note I had oifered. etc. ll To-morrow we I hastened to explain get sober. That the owner of it was in great distress for the money. For to-night we ll ll ll merry. tightened his pantaloons. as you say. I perceive. right. my presence there. I concluded by saying. trembling for the success of my The broker fore I &quot. thus appealed to. brushed the ash from his cigar. t Phillips. please don t. public room. and asked Mr. the waiter opened the door. you understand it my weak Don try again though .A s face exhibited at first it some chagrin.&quot. got a hundred dol There.&quot. devilish queer . Don t know you have the I have cash enough by me. Good even . merry be. &quot. but be shave a note is was through was serene time. amid cries of &quot. I see. To be the best of physic.368 U ND ERCTJ E RENTS And it is allowed by all. I say.. That personage. and drew out larsall side. For to-night we For to-night we merry. merry be. merry be. and I was thus induced to intrude on him.&quot. that the man was now waiting in the mission. and At for came to the door. hand into his vest pocket. And it is allowed by all. Sidney.

were on the high road to perdition. your flowing bowl!&quot. while I perchance direction.&quot. and went home lighted my the more cheerful. as I wound my way back to the public room. or the wickedness of being jovial.jolly good fellows. fill in &quot. I could hear the 369 merry voices joining landlord. on the for having encountered a set of &quot. To speak travagance truthfully. . where I de I all constituent with the sight of the money.Come. was happily bound in the other Nor his did I feel the slightest full pang of jealousy that Sidney had 16* pocket of cash. a handsome commission. received myself. I did not even congratulate myself that these men. who were singing so merrily.OF AVAL L-S T II E ET. while I was penniless. I did not moralize in eating sin of ex and drinking. instead of the more morose.

served to pay one quarter s rent. will. guardian. NEW-COMER. I still knew I was losing ground. I forgot all the deformities of my my all.We with great regularity. visiting Frink and his coadjutors ! In GOD be praised. of a prepossessing appearance. I became interested it. was content to let I labored GOD work out His on incessantly. It is true. Ellis (the name of the family next door). From the fund belonging to I received. and thus frequently encoun- . Parkinson walking wearily up and down house. I I could do no more than and that done. as their Charley and Anna. best. I learned. life the street. three or four and twenty. It This was something. For there my existence my flowed naturally and in a free. was a law-student in the office of a respectable counsellor down town.370 UNDERCURRENTS CHAPTER A XII. a new-comer in our neigh s Among the boarders at Mr. pecuniary sense. who. &quot. The following season we had borhood. invested by the court. about ninety dollars a year. and being met with affectionate greetings and demonstrations. was a young man. How different the Charles E. Parkinson within those doors. BUT I did enjoy returning to my home that evening. and the Charles E. in this young man before I was aware of He came and went invariably walked each way.

I any respect an unusual story. as in greatly attached me to Robert Warren. Then he set to work a teaching. but he dropped in often on us. according to my request. told with simplicity.of the &quot. so that at last the for college. He youth was imperfectly fitted succeeded in passing his examination. of Dartmouth After College. and to take knew up the young man and not family. Still he did toward it what little lay in his power. his nature now how close and was mastering a destiny for and calculating he was. after which he sufficient to Mr. and his heart open! house. he managed to pay his way. without ceremony. we had seen more of each other. was thus he came his abode in his house.OF W tcred each other. He did not give himself asked Warren to my much time for visiting.first four&quot. till he accumulated enough to support him was promised at least lodging. working out at haying and harvesting during the four weeks of his summer vacation. ments would ever retard him. Ellis was s originally It pay for his board and from the same town. he gave me some further account of himself. Alice liked him very much. year in New York. Intellectually. to gether with some trilling aid from his father. and graduated one &quot. and dint of teaching a district-school in the was admitted. By winter. he told me. in his class. at a dollar a day. saw that no ordinary impedi He had begun at the rough himself. His He was a native of New-Hampshire. and a graduate.S T REE T . This brief account. and quite too poor to aid his boy to attain his heart s desire an education. A L L. and. he was no common end of person. So did . life. and often went along together. while I And was generous. His father was a farmer. 371 name was Warren. with a large family.

of our both having to work hard. I think. and Matilda confessed she liked the clown ish fellow amazingly. Warren was never unwelcome among in during the evening. and dealt mercilessly with every little fault of conduct or character. He some would run and tell us about new which he was examining or listen to an account of what I had been doing.372 Matilda UNDERCURRENTS after a while. he dressed in wretched taste. Thus. Matilda claimed great credit on this score. into the background. de served it. He would bring books for the and chat with them. s At first she sneered a little at Warren was horribly countrified but his heart soon threw dress. and. and never neglected a fair hit Before many months entire confi criticism. and qualities of head and provincial manner. while scarcely sen we had virtually added another member to our sources of happiness. . when they played. Warren really was no clown. or a sensible all in dence had sprung up between us all. from the fact. appearance. or he would sit case sible of to the music it. or listen girls to read. while we were equally so with his. us. In fact. There arose a very strong sympathy between this young man and myself. family. For she pounced on every peculiarity. and had greatly enlarged our . perhaps. and a slight . so that he was familiar with our whole history. Warren took good part. and calculate very closely from day to day. in every It was astonishing how rapidly he improved way.

373 CHAPTER XIII. as careless had been one of the pleasantest days of the year. How it pelts a nabob and poor ! Look ! look quick. fire. It I love a feel storm GOD how I love a storm. or was carried by the changing gusts of wind fiercely around the corners of the streets. and He seemed where I the water dripped from his shoulders as he stepped up to was standing.&quot. The rain drove in torrents from the direction of the river up Wall-street. till it beat against the front of Trinity. now darting in and out of the banks and brokers of and then rushing on to the places they had to visit. and dry yourself. while occasionally a carriage would drive rapidly along.&quot. . ready to take advantage of any cessation of the flood. IT was a very stormy day in the month of November.You soaked through. I have a good I. are &quot. I my as if it saw Downer plunging through the wet.Come into my office &quot. &quot. Parkinson there s .&quot. makes me on an equality with every body. THE LAST EFFORT OF DOWNER. Groups of men stood in the fices. As I stood myself on the steps of the building where I kept office.OF W ALL-STREET. I prefer to stay here. Umbrella-peddlers abounded with wares to suit customers and the times. Those who were obliged to be out and brave the fury of the tempest. dashed wildly for ward. to be poorly protected against the weather. Not said ! Downer &quot. I said. devil just alike. door-ways.

Then I almost forced him to lay off his coat and attempt to dry himself. A north-easter is no respecter of persons. but the old nor - easter has done and it s all right. no umbrella See to. own at his house. In looking up. and I was about calling to see him. con Good. and silence. I took him gently by the arm and made hitn come up-stairs to my office.&quot. well. He was a shivering with the wet and cold. It me to lay that man on his back.&quot. cheeks. on the !&quot. &quot. the it appeared as if nothing remained but the skin drawn tightly over the bones of his He came in rapidly and dropped into a chair. That s why I love to be out in one would not do for we all fare the same. what devilish cavalier usage the elements treat him And Downer ing s laughed so very loud that it attracted Gouldslid notice in passing. I swear I never saw any thing done so tinued Downer. When countenance frightened me. so shrunk and emaciated that change in his His usual gaunt face was now I did so. when one morning early he entered my office. There was something wild and unnatural about Downer s manner that alarmed me. A week more. good slippery pavement and he fell flat.374 UNDERCURRENTS See your friend Goulding. I did so. left his how he has mean to run to . too buy another. which nearly concealed his features. It was very cold. and over it an immense cloak. and he wore a heavy surtout. . although it damn him ! he deserves it. at my hands . A few days after he sent me word: he was ill and re quested me to attend to some business for him. his foot &quot. I per suaded him to get into an omnibus and go home. now fell into moody After he was more comfortable. so that on entering I did not recognize him.

and he life perceived was a is insur to-day. money.&quot. he exclaimed. which had proved lucrative. and these last are the really great ones of the earth. Parkinson. which compels others to Certain men have this on occasions cer . go quick and bring the A man in ish. He me after some delay. sum. will earnest. &quot. who must carry a certain point or per . When I recovered a little. Norwood.OF WALL-STREET. still less.The quarterly payment due The premium must be get this money least for me. I stood some time. and you must I can t run a step further. go. ? paid. I took up my hat and started mechanically to do what he demanded. when I him an unexpected was compelled immedi I could ately to have fifty dollars more than command. He had done a great deal of busi ness for my firm and me. I knew him perhaps on account of my timacy with Mr. &quot. without thinking \dBbre or for what I was going. vis. I tried to decide where I should go to borrow fifty dollars. 375 Have you got I fifty dollars ?&quot. which &quot. Then you must get it handed me a paper. At this moment Downer was irresistible. To in be sure. Do is you understand at That policy worth dollars to-day to (it my family fourteen thousand was origi nally for ten thousand). Case. Now. carry He exhales a certain Odic force he is surrounded with a magnetic do his bidding. ance policy. occurrence presented itself. &quot. but received I resolved to try I told him. At length I proceeded to of Mr.&quot. and . it.&quot. not being able to think of any body to apply the office to. tain others always possess it. am sorry to say I have no such for I me.

.&quot.&quot. Good-by His countenance had tight. and get me a duplicate receipt. It Good-by !&quot.&quot. this it make the payment have knew. &quot. The doctor Now I forbid my leaving my bed. I carried the money joyfully he said. He showed particular sign of gratification. My wife don t know I am out of the house. was but a few minutes before this was done. let me have your arm till I can get into an omni must hurry home. I never knew a hus band or a father so much beloved as he. for speaking thus of one whose nature he was incapable of understanding. old friend. s funeral. was all he uttered. wore an expression of rest and repose. I attended Sol as Downer he lay in his coffin. I felt desolate the next day when I went into the street and when a vulgar. For myself. it. He com no plied. man of money remarked to me in a coarse tone.&quot. you policy and step to the properly indorsed. and whose soul was as noble as the soul of the other was base and mean. in. I never saw him again alive. It was !&quot. though not without hesitation. . The omnibus stopped and then he seized I helped it Downer &quot. changed wonderfully. I could have throttled him. bus. Take . low-lived &quot. So Old Sol has kicked the bucket. I jlzed on his features and the tears flowed freely as I took a last leave of this unfortunate man. The sorrow of his family was indescribable.376 I wished UNDERCURRENTS him to lend it to me to for a few days. He died the next day. &quot. I sent her away on an errand. It &quot. my hand and pressed It He looked me cheerfully in the face. I would get office . Downer. &quot.

showed me an envelope parties were Miss Henri MRS.&quot.exquisite&quot. day. However. were gradually and she was becoming by Her marriage with degrees more worldly and selfish. Ma At last Alice appealed to her on some &quot. She had refused innumerable it offers. The and Mr. Nothing. Don t speak to me.OF WALL. &quot. The His was now an of the first water. tilda sat unusually silent. The influences of wealth- she enjoyed about twelve thousand a year having their customary effect. and perhaps began to perceive that cline was possible to de once too often. father having died. he came in possession of a few thou in sand dollars. his suit with the heiress. Miss Stevenson was now at least twenty-five. Matilda. &quot. altogether lost sight of her. point. 377 CHAPTER RETURNING home one etta Stevenson latter XIV.&quot. FREDERICK AUGUSTUS HAVENS. it. Alice containing wedding-cards. Frederick Augustus Havens. . I have nothing to say about &quot. .&quot. was the petulant reply is &quot. This incident gave rise to considerable conversation. which was nearly spent when he succeeded This young person I introduced to the reader in the I had not early part of my history. what the matter ?&quot. Why. Havens surprised me. I asked.STREET.

when the girl. &quot.Now. . this ? Bring us it together. have hated her my life. way. lively Matilda rose and went to the piano and began playing a I knew she was endeavoring to subdue her emoair. in a word. why For robbing me of my own. again. &quot.and you don t to enlighten Well. &quot.&quot.&quot. Hate her &quot. replied Alice. but there is something connected with &quot. &quot.&quot. all who was about his sixtieth cousin. dear Matilda. you. &quot. returned Matilda.&quot. and left all his property to this girl I 1 father. Uncle Walden s disinherited pa. What do you mean re-echoed ! ?&quot. Tell me what.&quot.&quot. My How I should &quot. but please never mention that I person name me very young.&quot. and got no answer. was Poor mother !&quot. Alice. I tell you I mean nothing but what ?&quot.You your own didn &quot. ?&quot.&quot. why have you never told me have liked to bring you two together. know I t mean to annoy to I know you s didn t . don t be vexed. &quot. t understand.378 &quot. &quot. and her eyes flashed with anger. cried Alice. said Alice good-naturedly.&quot. it which choose we don &quot. only I hate that girl. and I al ways shah hate her. UNDERCURRENTS Oh ! but it is something. us. &quot.&quot. I suppose you take as a matter of course that I should be only too : happy to humiliate myself before her only you happen to be very much mistaken.&quot.&quot. and you shall have everything &quot. &quot. I have said. wrote to Mother once. Can t you understand English Yes. Just nothing at all.

she said. this. the room under the pressure of the strongest Mrs. was must not take of me. &quot. I have a command already paid me the amount of my husband s life it. &quot. Mrs. &quot. It him. I length &quot. She had regained a cer my services to tain degree of composure. &quot. like him and like nobody else. can accept.&quot. and walked up and excite down ment. I forced the money into her hand.&quot. madam. after the greeting was over. sary. to carry out and a letter to deliver. When Downer perceived I was firm in my resolu- . 379 Suddenly I recollected the little girl I saw on the pavement when handing Miss Stevenson to her carriage. tion. What can I say ? my heart is full. A small sum he directed me to lose no time in giving to you in token of his friend ship and affection.&quot. I turned and looked at Matilda.OF WALL-STREET. at I cried. viously offered quire. The features were the same. do any thing she might re and she promised to avail herself of them if neces I went immediately to her. Downer here handed me a bank-note for one thou sand dollars.&quot. but it was evident she had re ceived an irreparable shock in the loss of her best friend. I said to myself.not a doubt of it!&quot. Two sent to or three weeks after Downer call at s death. The company has &quot. insurance. so that I He has left minute directions how to invest need have no care nor anxiety.It is she. I am made happy by all I his remembrance It is all I want. his I widow had pre me to request I would her house. I was like at first so deeply affected I could not speak.&quot.

These last few days. . Forbes. without any care or anxiety. I want to help you. It is better to You know who work for they are and their places. She would purchase a small place it had previously been selected by her husband. and say you are ready to take my place as their broker. employ you. paid to her. I opened the I letter. s went to directly from Mrs. if I There are three or four men for whom I did a great deal of hard work I for small yet sure pay. He owed noth ing. and he no estate to be settled. my life. what her plans were. thing to be able to rest. waiting to die. which would be a home for the children. It is a great have been the happiest of Well. I fear your don can. affairs Her husband literally s required really left no attention. Downer my own was house. shall life we shall not I meet any more in the know. street. proceeded to me . though. so careful and nothing re mained to look after and so provident had been to It this considerate I husband and father. Baker and Yard. : and my room. near New York. will be hard enough but you need any advice. She had only to or fifteen else invest according to his directions the fourteen thousand dollars now . He had lately secured a situation in an excellent mercantile house. t we ? You will miss . me. she forbore to tell tion not to take this last gift of press me farther. DEAR FRIEND : am going first. I think. as follows &quot.380 TJNDEKCU ERECTS my friend. mean let Allison. them than your folks starve. at home with my wife and children. Call on them all. while he attended to his duties in the city. but at my request. who will. It was near enough for her son to come in and out daily.

I have borne much. tape morality. Fare well ! . I have to part with you afresh. who gained a reputation for dishonesty. . I have done things which seemed unscrupulous. he was able. my friend. provide for those he loved. Not much &quot. S. while incapable of wronging any body bitter struggle whose life was one so bitter that death was welcome. dying. He had in too delicacy to allude to And here I take leave of one who lived and toiled the street. Never believe I have been a dishonest man. to Farewell.&quot. not compatible with red. except myself.&quot. it. 381 And now one word more. . a word about the thousand it. dollars. In re calling these scenes. Good-by. By his foresight in securing an insurance.P. but never what would wrong any body. My wife will hand you the fifty dollars. Say how you came to call. I need not tell you you know enough s. Never mind what you hear people say don t believe that. about &quot. D. enjoying there the sympathy of no human being.OF WALL-STREET.

Reader. by accident at and they step in off a lot of goods at the and buy. Baker and Yard. who are possessed of considerable cash and who are constantly on the watch for an oppor double their money. these people is man will sonible advance at accommodate him. They will make advances on government contracts at the rate of cent. Such men rarely buy notes to tunity they can t . they are ready to turn their honest penny cent. Occasionally they bid lower end of Wall-street. with a reaor they sometimes enormous rates . But if a gentle hard up and wants to pledge his silver or his wife s jewels. without moving them. the four individuals to whom 1 was referred class. I was received by all of them pretty . in any transaction which will pay. through a third party. per In short. find a piece of property going at auction half-price. as just mentioned. pushed that I was thankful I lost no time in for an introduction to these four men. Forbes. and is sensitive about its being known. HEART-BROKEN. who is enabled to earn a small pit tance as a reward for his persevering industry.382 UNDEKCUK RENTS CHAPTER XV. Such men generally have a kind of satellite revolving around them. belonged to a nondescript in hand. always on the hunt for chances. make enough by the operation. I was now so hard calling on each. ALLISON. and clear fifty per cent.

However. but it seemed as if they grew daily more and more griping. what did it matter ? The proceeds. Besides. that I did not have to mount any severely. and at night I came back to the happy world of home. So I engaged what is termed desk-room&quot. I kept manfully at work. including the carpet. in a pretty large basement-office. told to do and to be careful not to do ! And what meagre sometimes one. my I could not afford the respectability of having one to myself. was ordered here. it was accessible as possible. much as f 383 I in the same manner. and sent the rest of the furniture. I would not permit myself to be much disturbed by the vexations to which I was constantly sub jected during the day. after all. proved very acceptable. dollars a year. I felt rather badly when I thought what pains Alice had taken to arrange it. still. . I compensation sometimes a few dollars. all I soon found must give up &quot. They had no idea I I was half smart as Old Sol. was treated by these people. I continued to make something from time to time through Mr. but with coarse indifference. grateful that I it still remained to me. but. this. Frink and one or two other usurers. I don t say un if kindly. For this I paid at the rate of this one hundred There was stairs . already occupied by three other persons. come now to the most important occurrence of my life. precisely as I be longed to them. two or three office. advantage. . I might go ahead and see what could do. to auction. sent there that.OF WALL-STREET. in I what important should be as began to feel the exercise was now working at. So I moved for I I my desk and two of ray chairs to the new place. shillings. small as they were.

and often cautioned me to have nothing whom I The warning appeared unnecessary. stated air of candor that he was not worth a cent in the world. and for once. however. Devine became more intimate.t sometimes he was perplexed to know what to do for five dollars. I began to think Downer had conceived an antipathy to this man. to enable one to rise superior to misfortune. He spoke of the with an diffi culties of getting on without capital. taken. Deviue. which tied him down here. For several weeks. I replied I had no use for the money. Downer used to dislike him. Devine had managed to put himself in my way. but with had no more than a bowing acquaintance. but he had a mother and New York sisters two On dependent on him. It seemed to me very considerate.384 I UNDERCURRENTS have taken some pains to make the reader understand ho\v of late I had been fortified by an extraordinary self-re liance. De- . and tha. coupled with a sense of the power of the human spirit In this way I came to feel that I I was more than a match for I whatever could happen. who was a sort of general broker. that his usual good sense had yielded to his prejudices. have that amount over for the twenty-four hours. but thanked him for his kind use for ness in offering it. left By degrees my acquaintance with He told me he should have long since and gone to the West. to do with him. one occasion Devine came in and asked me if I had any as he happened to fifty dollars until the next day. His address was pleasing. am now going to narrate how was mis There was a man in the street by the name of Hor ace P. for we never met in any business transaction. where ac tive industry was more available. and his air ingenuous. and by degrees we entered into conversation.

will take the note in a is while. but.&quot. frequently undertook to do service. &quot. able piece of paper. and perhaps as some return for the advice I gave him.OF WALL-STREET. If you have no place hi particular.&quot. who &quot. flattering. felt As it was a respect it. my He would . and I will divide the commission with &quot. Devine was in the room when hundred the man came in with the note. I anxious to secure raise although I ]STow. where you expect to get the money. I hope you don t think I 17 . Devine was standing by the door. note well. and although he rose at once to leave. mean Very well. you can .&quot. he &quot. for whom business. I feel sure I can find a purchaser will. said. had but a few minutes to what was wanted. cried Devine. he heard the re quest made for the dollars. &quot. I replied dollars immediately. and was willing sell I should take three or four days if I could the note to any better advantage. me some trifling which I received as a mark of respect to my age.&quot. but was in no haste for the balance. advance what day or two. on the contrary. &quot. with a deference which was both agreeable and He never asked any favor at my hands. vine by degrees ingratiated himself in consult 385 favor. me me confidentially about his private affairs listener was a and most respectful treated whenever I gave my opinions. One day It a gentleman. if you can bring me a hundred and are certain that you can sell the . My dear sir.&quot. When I came out on the sidewalk with the note in my hand. you.take it. The owner wanted one hundred dollars at once. brought me a note for six had already done some hundred and fifty dollars. and who wanted upon it. I was just before three o clock.

whom I how long Devine had been were unable to give me half any information. hoping to find him I was destined to be disappointed. and I thought I it. but he all with the assurance that I would have every thing right for him the next day. and said it would be done within the promised time. After waiting without success the hour indicated. On the fourth day Devine did not appear. half waited till it was nearly time to close the office. This I handed to my con stituent. and was obliged there. he was still I hastened According an hour !&quot. and the next.386 UNDEKCUK RENTS this offer for the sake made of securing a part of your I com hap mission. placed a hundred-dollar bill in my hand. with the remark that the note would be speedily discounted.&quot. who promised to be back in five minutes with the money. to the piece of paper. but he had not returned. permit me to say.. I hurried to my office. I shall not touch. pen to know where the money I can be had. the only excuse I could to the owner.&quot. could save you from running after This was very kind. day. with the expectation of getting his money. Persons in the room. and he left much pleased with my promptness. I think he returned in three. handed the paper to Devine. that I was unable to see the person that day from whom I to make was to receive the left money. of out. back to find Devine. on which was written &quot. I coming &quot. which was. but my constit uent did. . I saw He spoke of the note. The following Devine as usual. and the next. which. : be back inquired in half an hour. I went immediately to the place where Devine had a desk. quite breathless. he was disappointed. Of course. and Will saw a paper pinned upon it.

it sensations. to be sure and see punctually to the matter ing. that person a broker. and tried to make me tell what ing. faithfully. but requested him. but as there . expecting to After was any thing extraordinary that a person. and be detained beyond apprehensions. They all said they wouldn detain me ten minutes. I m sorry I was was subpoenaed as a witness.&quot. The next morning seated at &quot. and find that he went to Philadelphia I t yesterday. when reflected a all. but he did not arrive. He my explanation with rather a bad grace. at You were out.&quot. said. that I Devine and his spoke of the delay as of little con sequence.OF WALL-STKEET. lived. quiet my to contrary my habit. and will not be back till to-morrow afternoon. It They could not me. so that it Monday morn could be positively closed on that day. as the next day was Saturday. I carried it home with me that even The girls perceived it. I started I home with very uneasy moment. I hastened to anticipate the visit of my man by calling on him. What is makes it worse. was the matter. and kept me day. my fears would seem groundless. my I desk before Devine entered. should leave his return. he I was scarcely &quot. t my place yesterday. and office. I inquired of the people there tell 387 where Devine tory. fear this will disappoint you sadly. I felt so much relieved by the prompt explanation. I was early at my office. but so his time ? I endeavored to much anxiety did I feel that. He re promised very ceived and took his leave. but I declare I don early visit of know what can be done. Yet. I consulted a direc contained only his place of business no residence. I ve just been round to see the man who to discount that note.

I became know. my man was enraged. I had to put dissatisfied. was very clear that The affair now began not stay in very much he suspected me of to be threatening. Monday came. been before simply angry and the extreme. Devine came. did not know what to do. party&quot. he had used the note. he returned. and that the money would certainly be forth coming. according to Devine. s At the mention of Devine name. But having had some very large transactions in his absence. Of course. He insisted had given the note. he had drawn his bank account down so low that he would not be able to discount the note for two or three days. left &quot.388 UNDERCURRENTS for the delay. Of course. however. insulting in said. could Philadelphia forever. I began to see just what kind of man this Devine was. two o clock. By this time I was fully roused to the danger of my position. and tendered me of the hundred dollars advanced to him. which had splenetic. but his man had been de He was expected back. he could but Monday. and so about Wednesday. Meantime. by my suspicions. to say a was simply repetition on his honor that he reply the exact truth. I did not wish to alarm him. He was and dishonest practice. his manner. as was no help wait till he himself said. if Still I begged him to tell me so. off my it constituent again. and His had told on me the truth. I . however. I did not have I it to give him. The &quot.&quot. and as Devine had knowing to already evaded the question on my putting it to him. know all I want to he and me. there I whom was nothing left for me but to tell the owner the precise facts. He returned soon with a witness. at tained over Sunday in Philadelphia. and demanded his note. My distress mind was indescribable.

who appeared to be waiting for me. I asked He answered : On a charge of conspiring with a man named Devine fifty dollars. I was deliberating what &quot. It is is no use my finding Devine. how can as a criminal charge be let Tasked. he s a slippery fellow. next door. I came away. but said I preferred to speak with . We will go in there. told On ascertaining I was Mr. to swindle a party out of five hundred and I could not help assuring the officer of my innocence. but he 389 had left.&quot. you it s done most every During this brief conversation. wont appear against you? day. That feel &quot. have you. you I will be accommodating. but. even if I make &quot. but you say it will be settled. I had no time to told the officer I wished to see the unhappy about it. I don t say I have. I owner of the note. he me he was under the necessity of taking me into custody. Parkinson. waiting to hear from you. went again to see Devine.OF WALL-STREET. I tell &quot. The next morning. The only reply he made was Better it &quot. and after waiting a long time. there if nothing to be made out of him. he is at his lawyer s. him on what charge. you like. I guess. knew : settle it.for you can do very if easy. you call it ?&quot. I did not care to go in. me go. &quot. I was addressed by a person outside. was best to do. and .&quot. settled?&quot.&quot. he the judge I tell was all a mistake.But &quot. although I was nothing to him. as I was about entering my office. don t you see.&quot. if you ll fix it straight tell with the it man who has so it s entered the charge. replied he. should you have no right to all right.&quot.




We went accordingly to the place, and he was
to raise the

called out.



money which




I said,





understood that you will not appear against me?" I have no wish to Parkinson," replied the other,

do you an
or to pay


was pained

to have to take this course to return

to protect myself.

If you can


me the



the money, I shall not hesitate to say to the

judge, that there has been a misapprehension on




shall decline to

appear against


This was enough.

I asked the officer if he

would accom

pany me





assented, and

we rode up

Arriving there,

we both went




the officer in the

and proceeded

in search of Alice.

I found her in her




she said, joyfully,


how early you






"What, papa?"


want you to go to the savings bank, and draw out the

money you have
eye inquiringly

There was a look of mingled anxiety and

terror, as her

met mine, while she uttered







She went at once to her drawer,
idly she prepared herself to

for the

bank book.




After the door was

half open, she turned and said


We could save


papa, by waiting two




We cannot


immediately to
hurried away.


you must be sure to bring the money office." Another moment and she had


the staircase I encountered Matilda.





knavish-looking fellow in the parlor

she said.



came up with



Something has happened, I know






she passed on.

was two hours before Alice reached Wall-street, but she brought the money. She had some difficulty in obtain





as the rules required her to leave the



up.; but she stated her case so strongly, that she succeeded in having this done at once. From this sum I

be written

immediately paid the balance of the note, and, accompanied

by the owner, we proceeded to the Tombs. There the judge was assured by the merchant that the charge had been made under a mistaken view of the circumstances, and
that he proposed to withdraw


submitted to

a. slight

reprimand for his precipitancy, and I was thereupon set at I had previously paid ten dollars to my companion liberty. of the day, for his kindness in riding up town and back
with me.

Although the business-day was nearly over, I returned mechanically to my desk. There were two or three letters
lying on

from parties






I did not



I sat for over an hour, anxious about nothing, think

ing of nothing, dumbfounded, paralyzed.
ically I arose, shut




up my paused on the corner of Wall and William, on the very spot where several years before I met the President of the Bank of

desk, and walked out.


him about the
failure of

Credit, and talked with

Wise and

rich broker

Vacantly I gazed up and down the



in the act of getting into his carriage, in


his wife

was waiting

to drive

him home.




Florence, in the days of
for me.


prosperity, used sometimes


The people were
looking on.

fast leaving the street, while I stood idly

My attention was at that moment excited by name hearing my pronounced, in a conversation between two or three gentlemen, who stood on the steps near where
I was.

Suspicious and sensitive,



as if



was doubly




old scoundrel he


got to be






said another.



Dear me, dear me, I can t think it possible," added a he was always considered such an honorable man.


I can t help


said the first voice.


Loomis says




in the


Tombs all the morning he and Devine, for and when he found he had to be put through,
the cash in less than no

the old knave planked


of the voices were familiar to me.

thought espe

cially that I

recognized that of the gentleman
favor, but I

who ventured
satisfy myself.

a word in


had no desire to

I did not turn round, but started swiftly for
I at



saw nothing, heard nothing, noticed nothing.


home, I brushed past Alice, ran up-stairs to my chamber, locked and bolted the door, threw myself on the bed, and
cried piteonsly as children cry.



next day was Sunday.


I rose,

dressed myself



and went down

to breakfast.



from no sharp sensations.
getic action of the heart.

A dull,

heavy, muffled pang, at

regular intervals, took the place of the usual nervous, ener

seemed to be bro


So much were Alice and Matilda impressed by the change

me, that neither ventured to ask for an explanation.
children shared magnetically in the feeling.

The younger


a silent table



from our usual cheer


the proper hour,


started for church.



the placid face of the old clergyman looked

more benevo

and tranquil than ever. Shall I ever be to myself.




at rest, at

I said

at rest


services did not attract


attention, until the text

was announced.


as follows


spirit spirit

of a


will sustain his infirmity


but a





said the old minister,

the translation of

a part of this verse from the








by another rendering.


spirit of a


will sustain his infirmity

but a






the question I propose to answer this




of a


will sustain his infirmity




statement of the power, and might, and pride of the






the spirit will sustain against


mity ; and sword

will carry


resolute and undaunted through

misfortunes and calamities

dangers nerve him to meet death

through through contests, troubles, and midst disease and pestilence and it may even
; ; ;

in perils

by land and by water


with dignity and composure.





spirit falters

the day comes



keepers of the house shall tremble,
(he laid his




hand on

his heart),



be done ?

The form of

the question in the text implies that there can
Physically, a

be no help from within.


cannot support
spirit receive





Neither can the

support through


The venerable FATHER of our spirits"

own power." man went on

to show how only the can heal the wounds of the spirit.


brought into direct communion with his MAKER, that he is armed at all points, and proof

not until


against whatever

may happen. have no design to give even an abstract of the dis I course, but only to convey the leading paramount idea,
listened entranced.

Every word seemed prepared



directed toward me.


degrees, as he proceeded, I felt a sense of relief steal

over me.


action of the heart




low tone,


a sort of instinctive effort, I ejaculated in a







went out with the

rest of the congregation, a happy,

cheerful man.


children felt the

change, they were
All seemed

But no explanation was asked. more than content that I was myself again.
cheerful too.

Monday morning



nothing had happened to of the four worthies whom I have mentioned cared a jot whether I was honest or not. Neither would Frink ever
stop to inquire the character of a

my labors in tho street, as if disturb my serenity. Not one

man who brought him


note to shave.

knew, been greatly injured by the report of
the effect to ostracize
interfere with


however, that

my my

reputation had arrest. It had


to a certain extent, but

did not


every-day drudgery.

In a few days I told Alice and Matilda what had become

of the savings bank money.


narrated the whole story.

My daughter was only happy that the money had been kept for this very emergency, and tears stood in her eyes at the
thought of what I had undergone. Matilda was in a rage. She declared she would not have paid the man a cent, the
sordid, contemptible creature

she would


in prison all


life first.


did I allow the scoundrel to frighten

me ?


be hung he would be She wondered I could have been so misled why
to Devine, he ought to

did I have any thing to do with such a knave
In the midst of



Warren came


him about

it, Alice,"

said Matilda.

Alice looked a



She glanced at Warren,

thon at me.





smiling. said


think ./can repeat the story better than Alice,
I told the


whole over again.


listened atten



have heard of




an arrant knave, very ingenious and adroit. If you attempt to arrest him, he would be ready with straw bail, and

would swear you out of
one thing


in the


But we



stop the payment of the note.



the scoundrel into a compromise before

it falls



this conversation, I

observed what I had never be

fore noticed, a certain degree of confidence

between Alice

and Warren.

who was
ject ?

thought a moment. Why did not Matilda, usually impulsive and ready, open the note sub


did she


on Alice


I experienced a feeling of satisfaction


the thought

two were becoming Warren had now been admitted
that the

interested in

each other.

to the bar, and

gling with might and main to get into practice.

was strug I had no

fears for his success, as I looked at his resolute counte

nance, and ample forehead, and thought what he had already

achieved for himself, and how.


a happiness, could I

see Alice, dutiful, self-sacrificing Alice, married to such a




a contrast to that puny, insignificant



Charley, too, who, as his health was delicate, became the


nice in his appreciation,

was greatly attached




liked him.

Matilda liked him.

So the months sped away.

I continued at


servile I


in Wall-street,


toiling, slaving on.


very few


acquaintances, while occasionally old ones






became more and more
inconveniences of age
in the street



years passed,



was now the oldest man
in just


employed himself
taken poor





to have


Parkinson," as

place, and presume Old he was called






to find

that I could not run about as readily as in former years.

In ascending a flight of take breath.

stairs, I

had to stop

at the top


In going up and

down town, I was


forced to ride.


or three

young men had

latterly introduced


selves to


constituents, and threatened by their superior

All this

and by being very unscrupulous, to supplant me. But I nevertheless worked told very hard on rne.

cheerfully on, grateful for

and health, happy
on me.

if I


only support those

who were dependent

pursuit where crisis was glad that Warren could visit him. Now I was impregnable. were telegraphed to fly home and save themselves. am almost sorry to say. and Cape May. The storm swept high. seizing &quot. tapping the jugular. sprang fiercely at the them by the throat. to find themselves not worth saving. &quot. IN August.398 UNDERCURRENTS CHAPTER CRISIS. This time it came sud Bankers. came the monster the monster rich. and Gripeall. I had been through similar scenes. Crisis&quot. But went down. This bland creature had speculated largely in certain manufac- . so did Oilnut. and caused my arrest. and Sharon. both went by the Screwtight I board. Twice humble. The looked on. 1857. They did fly home. -was not in any of a great many my old acquaintances Among these was the man who refused to credit my explanation about the note. seats The old tale again. &quot. and port. and merchants at New denly. with I moving down to the lowest renewed severity. Saratoga. XVII.Crisis&quot. suffered no apprehensions. He was swept completely away. and Company. mak ing instant depletion of wealth. What a ! fluttering ! what a commotion first ! After that what changes Those who occupied benches. who had I little to be anxious about. I had no friend or relative whose for tune was about to be lost. Unlike Cholera&quot. and brokers.

some of them old acquaintances.* seemed strange enough to me at all these changes. Some of these individuals exhibited remarkable cordiality toward me. My people were of a different they lost a great deal of money. but then had lose. for it presupposes a general liquidation of the whole mercantile community. Here was chance for those who had money.OF WALL-STREET. This is of little consequence. and the stock go to be standing by. look back It to the old figure. tures. a sixpence and he would bear the dollars with entire equanimity. not a large sum considering It is true the amount he had invested. a bad failure. . the banks represent the commercial interests. and affect much candor in speaking of their failure. * Our banks could not go into a general liquidation at any time. as if they would say. were obliged to sell theirs. &quot. a rare Some fell over thirty per cent. From all I could learn. for in a year the up. and rarely pays over lifty cents on a dollar. loss of ten thousand Bank stock made a terrific tumble. is forced to settle up. so they who were lately so rich. knocked completely in the head. They would stop and shake hands. The fact is. and we may as well talk it all over.We are now one of you. I never saw a man lose money with such perfect nonchalance. Occasionally a bank gets a black eye. others comparatively new as I Even men.&quot. and suffer accordingly. an evidence of the caution one thing for Frink. Frink sunk it to they about fifty thousand dollars. . and return more than half their capital to the stockholders. They are really special partners in the business of each one of their customers. had been obliged to sell ing our house and furniture. He would work an hour with real concern to save or make I will say with which he operated. since such an occurrence will never happen. often much less. or in broken paper would be tinkered some way patched together. 399 which adverse affairs He made stamp.

days grew more and more infrequent. I can hardly say how. and for less By degrees rent got in arrear. b^ but virtue of my punctuality for so many years. incurred as a matter of necessity. I sold one or two valuable articles from my house. with the difference that I pay. later I must go down. The landlord. and s the petty debts larger. it I earned was evident that sooner or and paid as fast as I could. him to wait hope that some fortunate day But the fortunate but work might sweep them off. Still I was like a man struggling for life and gradually weakened by its force.400 UNDERCURRENTS my own my special Meanwhile. managed to go through that winter. As I look back to it. was Petty debts began to accumulate. work went on as usual. had to run longer and later. and some choice books from my library. I against a strong current. . lenient. with the I could not expect forever. and so we kepi on.

This incessant. and we are running into the third. I had somewhat earlier than usual. noticed. 1858. thinking to walk the way home. Expensive houses had gone up in the adja and several near us in our own. coupled with too much hard work. 401 CHAPTER XVIII. The landlord has kindly but decid edly announced that we must prepare to vacate the premises in time for the fall demand. THE GIRL ON THE SIDEWALK. It started entire was a pleasant day in the month of September. ever-present. This part of the town had been In fact. severely on me. our landlord had more than once spoken of taking down the . am brought to this period after encountering the same wretched routine which I have already described too often. Indeed. never-ending anxiety. a trace of the last year s disasters could be merous than ever. my mind serene. cent streets. My own tells health begins to fail. But my spirit is tranquil. Not It I proceeded slowly up Broadway to its junction with the Fifth avenue. fashion we began to find ourselves almost w ithin the able precincts.OF WALL-STREET. I Two quarters rent remain due upon my house. IT was a pleasant day in the month of September. we must go. up since I moved from my r old home. and thence along that street of palaces. my heart strong. the liveries built seemed to me that the carriages were more nu more gaudy. There is no help for it.

&quot. assuming a confidential tone. who put on a great variety of airs as she shook her dress into shape after reaching the sidewalk. pursued my walk along the avenue. Parkinson. me . Mrs. I am go Do you remember oh &quot.402 UNDERCUK RENTS we lived and the two adjoining ones. very affected. Havens descended. Havens stopped short on seeing hand. to the supercilious article who stood by her. Mr. ! years ago. a barouche drove by and stopped a little beyond me. Now. you don t me that it nearly took my know that but do you not . I have been the morning? in a thinking of you You I never can guess to speak with why. purchased since her marriage. &quot. Wont you come moment.&quot. she exclaimed this is &quot. ing to tell you something strange. want She led the way into her fine house. she asked me to be seated. Just as I reached now Mrs. offering her is it : Why. and erecting buildings more in accordance with the simple structure in which present surroundings. and newly furnished. . and how saucily she answered ?&quot.Do know. possible you ? What you all a long time since we have met. Maria. she said. Entering the front parlor. fol it. if she wanted any thing and do you remember how she looked. after many years ago it seems to your house in Broadway. Henrietta Stevenson I While lowed by a fashionably dressed young woman. Mr. and just as I was driving off I saw a strange-look little girl me ing staring so fiercely at ? breath away No. Parkinson. Don t wait for me. recollect I asked you to speak to her and find out . that you put me in the carriage. you?&quot. &quot. so calling at one day.

?&quot.The she continued. Mrs. &quot. It has excited me I am excited. Mr.Yes.&quot. That s my &quot. a beautiful young &quot.&quot.&quot. it. very beautiful young lady only the eyes were just the same. that moment a pretty child. I ing. Parkin is son. grown up into a very. and she caressed the Now you can take her. Well. and she looked at me so. and that s what distresses me so. &quot.&quot. followed by nurse. Mr. But really I am at a loss to discover the reason of so much &quot. just as fierce. The dear little creature. &quot. 403 began to but feel not a little curious to know what was com it. that scene. &quot. grown up into a young lady.&quot. The same lady.&quot. . Wait you hear me through. She a little angel. will you believe it.I was so nervous I did not sleep a &quot. I sat calmly waiting to hear if she had any thing more to add. Yes. &quot.&quot. .&quot. Of course T was now certain that it was Matilda Hitchcock whom Mrs. exclaimed Mrs. nurse.&quot. &quot. excitement.STREET. fact is.&quot. could I do without her rising. Parkinson. Havens. Hetty.&quot. just as cruel.OF WALL. I recollect Now. Havens here nearly gave way to hysterics. I saw that same girl yesterday. quietly: &quot. toddled into the room. I could not feel any great alarm on her account. I replied. child. and I cannot help and she began to cry. little At &quot. wink all night. but some how. It seemed very extraordinary. What &quot. girl.But is there any thing surprising in till that?&quot. just its beginning to walk. I cannot tell.

but I began to suspect that Mrs. doubtless.404 UXDERCUKREXTS But how extraordinary the effect Havens had encountered. identity. That was a extraordinary to be sure. Why now. what the matter with me. Havens was not so happy in her domestic relations as she had anticipated . &quot. On this particular occasion she had. &quot. she was experiencing the usual heart vacancy which her wealth. until I rose to leave. she continued. you seem to be such an old friend tell I feel relieved to you about this. You have no how am indeed. Mr. ! I do not know. and this seemed to matter. but I had myself discovered the markable. to forget her. thrown the whole force of her passionate nature into the look she gave to the fashionable denizen of the avenue. She ran on in this style a few minutes. which was just as re The fact is. Parkinson. on her &quot. that. coup led with some such misfortune. is almost a man this time ?&quot. it was not easy. little Anna has grown up I suppose. sensibly fits increased. my favorite. and consequent inac tivity of mind and body. Fortunately. you have not. In this way I accounted for her ty. I was desirous to avoid any confidential communication. Charley. never idea shall be as happy as miserable I I was in old times. by doesn t Alice come and see me. is my dear Mr. I Parkinson. of nervous depression and susceptibili In one of these moods she had seen Matilda and recog little nized her.&quot. but such a good friend that I see so little of you. I really did not know what to say to her. after seeing Matilda once. me a natural explanation of the Mrs.Excuse me. Havens rallied.&quot. .

or a like her. would have made them . forth. The atmosphere inside sickened and oppressed Outside I breathed freely. me to say any Just as I was going. and so me.&quot. I murmured a few words about not permitting herself to be excited. but sherry. stopped and drank wine with this spoiled child of for tune. handsome woman. Glad to make my escape. fidgety. Parkinson. I could see nothing to cause alarm. Not quite yet. Frederick says Madeira is a myth now. she talked so fast thing. she rang the &quot. and I -can only oiler you I sherry. Havens. grateful that Alice and Anna had not grown up like Mrs.OF WALL-STREET. this nervous. foolish application of it. I recollect You will taste a glass of Madeira used to be your favorite. and hurried on my way. it 405 for was not necessary bell. Yet wealth. Mr.

&quot. &quot. Matilda was sewing.&quot. for he only smiled in an absent manner. The week He never heard of pa s death.&quot. without saying a word. died after your father after. . How He He long ago did he die ? . to read. Presently he it aside. &quot. MEAN? WE table. &quot. There. more. Charley sat occupied with a book. &quot. &quot. I don t you need not take it up any want you to read when you come here I said Anna. Wai- den. who was turning over the leaves of a volume which he was not permitted laid &quot. Presently he looked up and said &quot. am ?&quot.&quot. Do you know what was s the Christian name of Mr. Alice was at the piano. sir. and Anna teasing Warren. Well.&quot. uncle ?&quot. ?&quot. died about six months before I was born old I I suppose you know how &quot. want you to It was evident that Robert Warren was preoccupied/ talk. were I all seated that same evening around our large was reading the paper. : Matilda Hitchcock.&quot.406 UNDERCURRENTS CHAPTER WHAT DOES IT XIX. . your father &quot. James. now.&quot.

s uncle. &quot. Well. did you hear?&quot. Strange that he should be called James ?&quot.&quot. just to satisfy my curiosity.Nothing.&quot. relation.&quot. ?&quot. About what ?&quot. &quot. You If are sure his 4 name was James &quot. Oh ! nothing . &quot.&quot. Why. Now.&quot.&quot. &quot. My ?&quot.&quot. &quot. Well.&quot. &quot. Robert Warren. And you were I born six months afterward. What. &quot.&quot.&quot. please don I hear. mother told me that. tell me why you ask these ques tions &quot. &quot. ?&quot. six months afterward. &quot. &quot. &quot. I ve just said all this happened before I was &quot.Nonsense. about the matter generally.&quot. . I hope it is satisfied.Oh! &quot. Warren. Mr.&quot. was born too.OF WALL-STREET. &quot. &quot. all there was to tell.&quot.&quot. &quot. t be a fool. &quot. except that he left all his property to a distant What more &quot. Uncle died and left &quot.What 407 did you ever learn about his will ?&quot. I Very strange. born. Robert Now. Walden. thought your mother might have told you some thing about ! Oh I it. the name no. by his am &quot. What more did you ask. ?&quot. So your mother told you So my mother told me. sure his you mean my father name was James. that was us nothing.

cried Anna. shall help (barley. it out of him next time he comes. ! &quot. How can I s tell.&quot.There s a philoso pher you. unless it means he &quot.408 &quot. Make him tell. as Warren left &quot. and make him explain.&quot. but I suppose I have got all that I can out of &quot. ?&quot.&quot.&quot.Bravo! Charlie. what can it mean the room. and said nothing. ?&quot. and Alice don t you feel interested ?&quot. &quot. cried Matilda &quot. pettishly. . said Anna. papa. continued Anna. I smiled. silent &quot. I will have me. This provoked no reply from Warren. Come here. a fool ?&quot. Oh he s only rehearsing.&quot. U NDERCU RRENT S Not altogether . was wondering quite as much as she. pray to let him alone. but then. &quot. If the fellow thinks he can learn how exam ine and cross-examine a witness by practising on me.&quot. cried Matilda. and am for willing to wait. I am quite willing he should. you. What do you mean smiled. said Charley. &quot.&quot. &quot. Well. . looking I up from his book .&quot. you know am not quite so excitable as you are. Warren &quot.&quot.&quot. I confess I too. He continued and abstracted. Alice. &quot. Oh I ! yes. said Matilda. little while took his leave. chimed in Anna. I shall not give it up so. &quot. and in a Really.

it was now very generally understood I was reduced to extremities. office. hoped There were none. As I was leaving the house. which creditors so often exhibit. I I should find some calls I went to half a dozen diiferent places where I thought I should be most apt to find something to do. THE TURNING-POINT ANOTHER month of October. or we must go without our Sunday s marketing. I hurried to already on my my desk. more than two quarters due. but no one just then required my services. invested by the court. Alice told me that the servant-girl wanted a part of her month s wages. and the pro it run on any longer in arrear. It was the semi-annual interest oil There was still two younger children. We now come to the middle Within a few days. 409 CHAPTER XX.F WALL - S T K E E T. several persons had called I had paid the landlord forty-five dollars to see the house. passed. Every day I expected to hear that the house had been let. and several little sums had to be paid that afternoon. Go where ? The little debts due in the prietor said he could not let neighborhood began to annoy me. As the day began to wear away. Never had I been in such utter perplexity. It was Saturday morning. 18 my anxiety increased . and we must go. The sky seemed made of brass. on account of the the fund of the rent. By that species of pre science.

in. even if I. . and I want you to lend me five dol &quot. saying at the same time. you might possibly accommodate me with &quot. but I thought. I have been unfortunate to-day in my attempts to make a little money. he always appeared friendly.&quot. . &quot. I know you do this small ! I replied . Taking advantage of a pause in his remarks. : lars.&quot. when he had nothing talk. I he talked the more unready determined to do so abruptly. sum. for he sometimes gave me valuable information about paper. had no note to take in. &quot.&quot. Oh it s out of my line . After a few minutes he looked up at me and said &quot. I don t do any of that sort of business. himself his was fond of hearing listeners were very sure to for agree with him. transactions. in his ordinary monotonous tone &quot. over his spectacles. The usurer had no commands sion. I ! Frink. Mr. Frink immediately commenced again at his check book. me on the present occa I felt to and as the longer broach my subject. Mr. for Mr. I had rendered no compen him many sation. I said Frink.&quot. and ask him to lend me five dollars would go to Mr. especially as else to do.&quot. little services. under the circumstances. Frink was engaged as usual with his check-book. for which I received Besides. : I never go into any such not. his little So I clambered up to room to try the experiment. whatever he said.410 UNDERCURRENTS length this idea came into At my head. : How do you do ?&quot. It Avas not unusual for me to go and spend a few minutes with him. Thereupon a rather pleasant conversation ensued Frink. Mr.

the handwriting unfamiliar. Parkinson It !&quot. All the other inmates of the had left for home.&quot. It office was past three o clock. Very well. five minutes before I opened seal.&quot.&quot. Then. She departed. my child. and looked at it carefully. The postmark was I suppose I held it illegible. and was off in a twinkling. and will want possession on Mon &quot. &quot. &quot. I looked up. Charles E. &quot. while I stood against the railing where I might be exposed to the full sweep of the air. to Good I went back my desk. Alice was standing by it as I entered. already standing near me. Two He left &quot. the whole length of Wall-street to the river. Hoyt has sent in word that he has rented the house. WALL -STREET. After a few minutes I rose. Landing. received the money. I broke the . not without some tremor. and proceeded with uncertain I then turned and walked slowly steps as far as Broadway. morning. Papa. she whispered. Suddenly the door opened with a jerk.&quot. it. and down. cents. I took the letter in my hand. There I en tered a ferry-boat. and I sank into a chair stunned and helpless. I retraced sat my office again. Now go right home again. was the postman.OF &quot. entered my head upon my hand. leaning my steps. 411 I suppose not. a letter.&quot. I will see to it. crossed and recrossed. Mr. day.

envelope covered a short note and another as follows : letter.. E. When the will of the deceased shall be submitted for pro bate. &quot. sumption yesterday morning at eleven o clock.TUESDAY EVENING. &quot. I send you the enclosed. L. PARKINSON. MR. But the time ran by. I tore open and read the : letter. It is New York. DEAR CHARLES &quot. that success for one should be success for both ? I reproach myself now for not communicating with you during my long sojourn in Europe. inform you of who died of con to DEAR SIR : my melancholy duty the decease of William Moulton. 1858. whose sympa thies were so much common. THE LETTER. &quot. It is many years since a letter has passed between us. O.412 UNDERCURRENTS CHAPTER THE XXI. I will communicate with you further. In accor dance with his last injunctions. FARLEY. &quot. The note read &quot. should ever lose sight of in college each other. CANANDAIGUA. &quot. CHARLES &quot. Esq. and .&quot. Do you remember how we declared our fortunes should be inseparable. October \ 5th. Respectfully yours. I hardly know how. I sometimes think how in strange it is that two.

but I had many fail. We I Perhaps you were not aware my wife died in 1853. When was sent back. at a very low price. things to arrange and I fejired my strength would For a day or two I have experienced a great rallying spirits. and paid for it with your five thousand dollars. It is now worth at least thirty thousand To prevent delay in affording immediate relief. I have kept For the last two myself alive only by the exercise of the greatest care and prudence. I said to myself.My She is married and first was to inquire about you. called to see me on his way to Cincinnati. who knows but he may want it again ? I resolved to put the sum apart and to treat it as your property. thought on reaching here two weeks ago.OF WALL-STREET. of the system. I dollars. When the physicians told me I could not live three months. &quot. &quot. I felt an irresistible desire to return and die in my own country. 413 my health becoming more and more precarious. was anxious to dispatch a letter to you at once.And five now about your own affairs. this property by my will would have gone to you. It happened our old classmate. I Allen. years. and he told me you were suffering pecuniary distress. You remember the thousand dollars you insisted on returning to me. who you recollect used to know about every body and every thing. I gave up the idea of indulging in correspondence. I came back to our old home. . had no children. am now with her. with an increase of strength and believe it I to be the forerunner of death. With this idea I pur that chased some real estate in 1845. Had I been taken away at any time. but we adopted one of my nieces and brought her up as our own daughter.

if you love fellow. and think of Will. but. WILLIAM floor. awake you re had his leg member old Pater Omnium*! Baker. so that there would be no ringing up for prayers next morning ? and how your hands got frozen to the bell so tight that you had ? to slip them out of your gloves. Those times come back to me very vividly. &quot. . Do you recollect his helping us that cold night turn the bell and pour water into it. It is a little token close in this letter five hundred dollars. Good &quot. Affectionately yours. indeed. how relieved you will feel when you re ceive this. Don t stop be a me. ready to die. my For many years I have endeavor whole trust in Christ. or rather to I your children. I trust in him now. Think of it as coming direct from Will. give a melancholy when you read happy laugh and say. Dear Charles. A small piece It of paper fell on the I picked it up. me. Adieu. . tial motives. was a bank draft for the five hundred dollars. all last night and thought of you and Ralph.&quot. I saw in Nice last winter. I am ed to place &quot. as in old times. on his way with you to Rhode to Island. which you &quot. to spend the little summer vacation.414 UNDERCURRENTS my life. just as I must die heart is my youth comes back to to-night. during your in this of my affection and in remembrance of old college I lay times. have altered in will so as to leave to you that sum cash. the income to you put it shape from pruden I en I know it will be just as acceptable. MOULTON. Every feeling of my young But I am. who Do broken playing football.Dear left behind friend. this.

my went hand to my pocket. into Broadway. and bring back the old reality. I My was accurate. after and walked away. examined there I all to see if the letter on. I Could there be any mistake at the writing. drew out the package. it I drew a long the letter . Farley it note and placed inside his envelope. ha. and put coat. and draft were right and I reached home. my and opened the door into the street stopped and looked back into the room turned and closed the door I rose . further up Broadway. . folded the draft and placed it inside folded the letter and placed s inside the en all velope . breath. walking slow Presently I put it me ly on. I counted three desks my own. ha. the windows and the in doors. I read handled the draft. Slowly my senses returned. six chairs. ha. I stood They all looked at me inquir ingly as I entered. Good fellow. eyes blinded Choking too by tears nerves relaxed. I last &quot. there was no mistake. Gradually I recovered. Then I looked again at ? what was my hand.OF W ALL-STREET. She was in a rage with the landlord.&quot. something would There looked around was the the room. goo-goo-good fel-fellow. Dear Will ha. goo-goo-good fellow. parlor. it was much for me. along Broad way past Canal-street. No. The children and Matilda were in the sad. I sat very still 415 for a little while for fear disturb the dream. letter. gazed and reread the page of the He says I must laugh and say. carefully in the breast-pocket of . back They were and Matilda angry. besides letter there the vision bank draft. and regarded them a moment. folded Mr.

it up. If I recollect the whole family had a share in Warren was.416 UNDERCURRENTS I Then the table. He would look at Matilda vacantly. myself. and do so. and him so.&quot. and make no reply to her accusations. pocket. Aloud. delighted. most Laughing. desired. and also the next quarter in advance. restored me to. The scene which ensued scene though. it. he appeared to be rejoiced on &quot. Alice took &quot. When would I got home Warren had wanted to see already gone. drew the package from my Read &quot. I can get rid of the I will new tenant. and before going down town. and laying it on that.&quot. feeling in the Avay . Such a Each manifesting . When I told him I was ready to pay up if the back rent. Parkinson. I am very glad you you. In the evening Warren came first as usual. In this was successful. pensiveness. mirth. &quot. tears. I assure and he shook my hand left cordially. He a message that he call me in the morning.&quot. I hardly know who was i-ight permitted to tell the good news. but not to the extent to satisfy Matilda. hysterically joy. It seemed to me Warren appeared a little absent. . to retain the house.&quot. said. Mr. I shall not attempt to describe it. She was vexed with him told for not showing more feeling. are able to keep the house. After a while I went out in order to with the hope of being able I still call on my landlord. natural. he my account. more than glad. he said. of course. crying quietly.

&quot. speaking deliberately.&quot. advancing his chair nearer to have.I tion to make what a very strange is it ?&quot. said Warren. When we son. &quot. he said : young people out of the room.OF WALL-STREET. ally private consultation. we are only too glad of an excuse to escape from his stupid ran. in the course of my business. STRAXGE REVELATION. Parkin want you to exert your authority. WHILE we were Warren from entered. and off they all Charley bringing up the rear. . I would not speak even so .&quot. Matilda is entitled to the t whole Walden property. beyond all you before doubt or I was sure. when.&quot. Mr. pray &quot. &quot. so that we may hold a speci Bless the man. &quot. you don do.I I will tell you all about it. say so !&quot.&quot.&quot. What. cried Matilda. society. &quot. and order these all &quot. apparently recovered his previous abstraction. seated at the table the next morning. and have a strange revela mine. it is settled ?&quot. indeed. &quot. were through. to I am &quot. So he sat chatting with us until we had finished. revelation. He had already breakfasted.I &quot. I Now. Now cavil. Some time to look ago.Pray &quot. I had occasion over the record books of wills in the surrogate 18* s office. 417 CHAPTER A XXII.That &quot.&quot. Heavens.

but he in existence.418 as I UNDERCURRENTS was turning a leaf. this failing. when the &quot. testator. widow of Ralph Hitch that Dr. That was my explanation of the matter. never thought of getting a copy of the will. devised and bequeathed the whole of his property to the children of his nephew. It was the will of James Walden. Doctor They arrested Ralph Hitchcock. &quot. and what a Thomas Stevenson. doubtless. declared he did not believe any was living that I must be mistaken or had been imposed on. to Thomas Stevenson of the &quot. I looked over the proceedings before the will surrogate. for she did not expect any part of it. Hitchcock s child. was proved s cock died childless. Steven son. She was probably told that all the property went to Mr. It \vas as simple as plain English could make it. He was a good deal excited at my communication. after Can you imagine my surprise on finding that the making a few trifling legacies. that was the name of Matilda s whose read will it my attention. . It The citation had been duly served on cock. that Dr. I explained the object of my if &quot. Doctor Ralph Hitchcock of Cincinnati. he said. You know careful. the widow. I was thunderstruck. also of who was executor of James Walden. Next I called on Thaddeus Littleton. Hitch She did not attend. at the loss of her In the midst of her husband. Mrs. city of New York. she was afterward en tirely lost sight of. Hitchcock. would be entitled to the property visit. . born about six months after her father grief. for I I knew I father. my eye fell on the words. Living so far away. She would not be disappointed. and found she death. it. accurate man he is. He said he had made . looked to see was. There was no doubt. was proved.was I questioned Matilda.&quot.

it is time for us to be going not a syllable to Matilda I for nodded . in detail. Hitchcock removed with prove Matilda call New this York. s office. and now only remains to s identity. The is.OF W A L L . it has seemed as if I were dreaming from the time I will. and was jit the time.&quot. I don t wonder at that. first came across the record of that sure. Certainly. I need not staggered and it was agreed he . 419 satisfied. born . . satisfied That is what he has been doing. repeat to you. that the doctor left no issue. and tell him what you know on for In fact I have you meet him at ten o clock at his office. on Mr. should quietly investigate the subject before any thing was said to either side. to For that purpose I want you to morning. the ground seemed to dance under appeared to be in some strange delirium. we reached Mr. &quot. my GOD is it can it be possi possible ! Am I free at last ? Is such a tremendous change in store for Matilda ? My brain teeming with these thoughts. my coat. I feel Come. He is there it was a to child that it Mrs. Littleton I I As me. however.&quot. Littleton the subject. Now. Walden died. yet.S T 11 E E T . I explained all. Littleton That gentleman received us y y politely. proper inquiries after Mr. replied Warren. &quot. if I can recover from the amazement I am fact in at present. went and put on s. Was I the hours before ble ? same Charles Parkinson who walked down town twenty-four ? Oh. He was very particularly. walked along. made an appointment Can you go?&quot. and off we started Mr.&quot. &quot. &quot.

UNDEE Mr. Hitchcock had children living. After Mr. since C UEEEXT S I recollect you perfectly many years in Air. I did not communicate the it contents of the will to the widow. to the same point. You must know ! Mr. dear me. We although it is had a mutual friend . Dear me. I answered. to her feelings. explanation of the matter. Parkinson. we used to meet. Littleton who could testify heard me in silence. My statement was very direct. continued what is to become of her ? By the way.&quot. to is what kind of person &quot. and while Dr. he exclaimed: . I wrote to inquire if the doctor left any issue. . I see. what about this dreadful when thinking of poor Mrs. Walden died. Nice little demand for arrears. too. and was told he had not. business. extraordinary and yet how simple very easily explained. because I thought would only be aggravating &quot. &quot.I see. but I could name many others Mr. She will step into a pretty property. Just my own what is &quot. Ha vens. s I could not only certify myself as to Matilda identity.&quot. Alton. &quot. and to the point. One who I will not be a discredit to her new position. Well. a good deal larger. well. and was so thousand a year before Miss Stevenson tied up that her husband could not meddle with the principal. than people think It had got to be a clean fifteen it married. this young lady ?&quot.But Mr. I said. for. It very clear but It is how the mistake. Walden s will was made two or three years before his death. who could have believed it ? Pray tell me all you know of this young person. become of the poor woman?&quot.420 &quot.&quot. I say dreadful.&quot. Littleton. am glad of that. &quot. When is I had concluded.

I said your philosophy. I should not feel so distressed is about GOD only knows what to become of her.&quot. it will give you a shock. But I have got to do that I should be the person. I led the &quot.Are you ready for it? Mind. &quot. I sent her up-stairs to found Anna practising at the ask Matilda to come down. I would rather it.&quot.OF WALL-STREET. don t see how I am to to get in go through with it. &quot. you must summon all way into the I have a very extraordinary communica make to you.What!&quot. Havens that she must vacate those . Lit tleton. if 421 there was any body to respond. piano. re ceive thirty-nine lashes. &quot. with the understanding that he should open the sub ject to Mrs. I am ready. as it is. I have a very disagreeable &quot. When she entered. premises and surrender her whole fortune is in short that she a beggar. &quot. than perform If her husband were half a man it. Well. .It turns out you are entitled to all your uncle Walden s property. well laid on. As Old it.&quot. what is it ?&quot. I returned to speak with Matilda.&quot. I tell you. After some further conversation. tion to &quot. &quot. : back parlor. It is fit and proper executor of her father this as I am.It turns out you are entitled to all your uncle Walden s property. continued he. and stopping short.&quot. Matilda. I Reaching home again.I business on my hands. Just think of my being obliged and tell Mrs. in a Havens that evening. and communicate with me day or two. painful task devolves on me.&quot. I took leave of Mr.&quot.

She stood a moment. ?&quot.&quot. I related the story. her eyes dilated. terror. were both standing.&quot. and rushed out of the room. hope. and her coun tenance became rigid.&quot.UNDERCURRENTS &quot. . &quot. What a wicked wretch I have been all my life. beyond the possibility of a question &quot. Pain. her eyes fixed on vacancy. We and while her &quot. is. face. all And It this is certain ?&quot. beyond a question she asked. &quot. she ex claimed. and I told her all about it. Sunshine and shadow flitted across It was a scene for the painter. Is that so truly It is .

Mrs. Poor in. Havens (now Matilda s) We house. and nothing was left but to put the whole matter in proper legal shape. said Matilda in a subdued tone. Several years . soon arranged.OF WALL-STREET. neither speaking a word. and she preserved a decent composure. she had preserved in every respect nor.Mrs. one of the most acute of his profession. and presently Mrs. troduced them to each other and we took seats. She was perhaps more quiet and thoughtful.&quot. only a few weeks before. Havens. &quot. : You will introduce me. Since the first burst of feel her ordinary demea ing. It was too plain for the lawyers to raise any question about. Havens. THE INTERVIEW. she said &quot. Littleton himself. I was afraid she was about to give way to another fit of hysterics. was Then it was that Matilda asked me to go with her one morning to see Mrs. . how she had changed since I saw her last. Havens made woman. We were ushered her appearance. walked along together. which I &quot. thought required some effort to make firm I have come to ask you a single question. but a real trouble had improved I in her nerves. too. This.&quot. As we mounted the steps of Mrs. yet quite natural. Havens. 423 CHAPTER A FEW days served to XXIII. decided that it was a clear case. settle the whole matter. Mr.

resided in the &quot. But she controlled and only bowed when the former finished. I think I can recall ill. said She an answer.424 . Stay.I earnestly. for was one if her asked waiting any there was not. mother wrote you a letter. a dilation of the nostrils. her open remarking that it was a commu I nication from some poor person. Mr. She did might examine it when I asked her for it. that it. Parkinson will Turning to leave the room. Havens. A flashing of the lips. living. or that she had a daughter said Matilda. who wished for aid. never/ replied Mrs. I bade suffering so. a close compression of the while Mrs. &quot. led me to fear some passionate out herself. continued Mrs. I am satisfied. &quot.&quot. had been thrown into the letter fire by accident. city.&quot.&quot. Possibly it was the you speak of.&quot.&quot. all the morning in bed. Havens declare to you I did not know your mother me Heaven. &quot. I bade her put the letter safely aside.&quot. U XDE 11 C UR REXT S ago &quot. and as I was My maid brought in a a severe from headache. a swelling of the veins head. so help &quot. : lieved by your explanation. . but I solemnly declare I did not know from whom it came. One day I was quite so ill that I remained letter. and sent it to your I have called to ask if you ever received it. my house. Never. the circumstance. rising to go. of the fore eyes. she said I assure you I am much re call on you in a few days. We walked back to my house as we came in silence. break on the part of Matilda. Havens was giving an account of the fate of her mother s letter. and she said I felt it The next day I better.

Havens lishment. did not observe you had not finished your time.-papa. she pleases with it. I shall set apart two thousand dollars a year for her especial all this use. young lady. THE CONCLUSION. &quot. 425 i CHAPTER XXIV. come next and demurely ask an interview with settle certain little preliminary to t arrangements about don look so frightened. at liberty to do what she Tell her that too. speedily alone together.OF WALL-STREET. &quot. me tell you.Yes. and give me an opportunity to talk with the I your pardon coffee. I am not going to betray you I only ask at the present moment that the supernu meraries vacate this apartment. I Don Let t you want to know what In the am going to do ?&quot. first place I shall sell the house Mrs. The reader doubtless speech.&quot. I beg head of the family. .&quot. will recognize Matilda in the above We were &quot. will is you tell her The furniture I shall not touch. &quot. IT is now my turn to ask that the room be cleared of all idle people. I in cannot afford such an estab it till She may remain May . Further. so ? now occupies. Oh! Charley.&quot. Take your We are in no hurry. triflers and useless folks. Will you communicate as kindly as you choose? . I suppose Alice will &quot.

turning and look ?&quot. and pro &quot. she stopped an instant. for the fellow his office. What ? gestion Will you be ready to move can I say. no extravagancies. what do you &quot. say?&quot. no carriages. as we have lived. without putting them under an everlasting burning sense of disgrace and dependence.426 I UNDERCURRENTS I do not think wish to see her again. she asked. will but no ostentation. in We have not a thought or a &quot. it has been the dream of play. Well. No my horses.&quot. after complaining of HIM my life. to possess one . prettily furnished too there shall be special ar is ill rangements for Charley. ceeded with an air of solemnity GOD ought all to strike I dare to me do dead if. &quot. I shall not require a quarter of it. make some hearts glad. who Alice is soon to be married. I knew &quot. The next Alice and I will draw lots for. You have it no idea how inconvenient will prove for you. I shall limit myself to a reasona I ble sum. really. It I shall purchase a nice house pleas fin antly situated. don t know but life I will have a saddle-horse. my dear child. a good deal excited. Now for my best plans. the time he not at For myself&quot. as other rich people do. must be commodious and neatly in it The room is for you. have our own I apart ments. she was thinking of her mother. . ished. I must not accede to it. to such a generous sug But. Just think what I can do with money rolling in every I shall try to month. She walked up and down the room. and I begin and try to do some good. ence. is sometimes. We will all . ing at me. no dis We will live all this together happy. will know differ That all make no is here now. sympathy common.

&quot. &quot. are fond of me.&quot. will talk about it.&quot. as I know Alice and Anna and Charley. married one of these days. &quot. What now You will get One of ?&quot. &quot. once me to manage as I would Warren.OF WALL-STREET. laughed at perceiving the very words I once employed to persuade Matilda to live with us.&quot. all set &quot.&quot. fidential.Mr. !&quot. old enough to be reasonable. as boarders. &quot. and you used to like me sometimes. I said. &quot. I propose you pay into the common wont treas ury what really. I think. and as I wish you to preserve your feeling of independence. that I find myself quite incompetent to proceed in a new strain . you must have things your own way. &quot. your ear one word con I have exposed to you many of my weaknesses. 427 are too old for Parkinson. and as noth ing miserable is left for me in to record. I give it up. strictly One word. so ingeniously turned on me. replied Matilda. . But stop a moment &quot. cried Matilda. &quot. Now then. however. I have become so accustomed to recount to you my doleful experiences. these days perhaps I shall.&quot. and therefore. When the time is comes we tled ?&quot.Thanks. As usual. Bravo ! Let us announce our programme. I must stop.&quot. &quot. on a fair computation.&quot. I it actually costs extra insist for your being in the house.All settled. Now. &quot. we part here. warmly. am sure you on my I making money out of you. Reader.

I will conclude those articles still remain there. that basement office in Wall-street. . I confess I have never returned to look after my desk and my two chairs. by betraying one more. and should any one have the is least curiosity on the subject. he at liberty to satisfy it by visiting the premises. in For aught I know.428 UNDERCURRENTS OF WALL-STREET. THE KN L&

u Here. Extracts from Notices of the Press. ST. .&quot. Evening Post.o1 politun.&quot.By the Author of &quot.A &quot. In a word. It is .&quot. London Morniii j I oxt.25. I find a power and beauty in your work and a fertility of invention (almost prodigal) which convince me we may confidently look for still better things at your hand. A very extraordinary &quot.&quot. &quot. from a private note to the author from your book only within the last two or three days that I have taken in hand. power. LEGER: OR. Phila.&quot. Y.I * shall be most happy to meet you and testify to you the great esteem and regard inspired by your writings.&quot.&quot. Tribune.. LIFE. KIMBALL New edition.A &quot. while they are all is calculated to set a man thinking. $1.&quot. J/V/r. Novel sui-generiam the annals of American literature.A - u&amp. I do not pro tend to criticise it is not my forte but I can feel when a work &quot. Extract 1 Vol. there and everywhere. and I now lay it down after having been deeply interested and delighted with the perusal. THE THREADS OF BY RICHARD B. Leger gives exhibitions of passion Loixinn AfJx-n ate and romantic power. &quot. Abounding in the most thrilling interest in narrative and in maxim.&quot. A brilliant book. the author of St. Journal.&quot.Undercurrents. book of great book of strength. &quot. Y.^. Boston Post. 12mo. Cloth. : good. and my feelings have been continually aroused and touched in the course of perusing your pages. N. without a prototype in our literature.







Renewed book^atesub^ctto _ DEC 15) .


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