Southern Argus. [volume] (Columbus, Miss.) 1834-1842, 1839-09-24
may make out Of the matter they are
heartily welcome TO.

money hos induced many men to become
,oopes This is the case ofDr. Ryott, of
Philadelphia. We knew him in 1888 at
u,h;.h time he was involved in mutifarious
business. He had a large Wholesale and
retail drug store in Philadelphia. and an
extensive glass works at Kensington,
which he named Dyottv;lle. where he en-
pIoyed, boarded, lodged, and fed hundreds
Of poor boys. lie manufactured and ven.
dcd an almost endless variety of patent
medicines, and was making an overgrown
fortune as rapidly as any reasonable per-
son could desire. He, however. was not
satisfied; he established shinplaster Bank,
at which he issued his notes, and received
the deposi'es Of the poor in sums of from
one dollar and upwards for safe keeping
allowing an int rest Olive or six per cent.
About year ago, he transferred his prop
erty TO different individuals and failed,
leaving the dupes who had entrusted their
money with him ''to whistle for it." The
fraud was soon found out, and DR.. Dyott,
at the advanced age 70 years, is now in
the Penitentiary. What warning it is
70 all "not TO be ap 'ricious." In relation
to the matter. Major Noah, of the N. 7.
Star publishes the following:
Ararice.--Dr. Dyott, who has been
recently convicted of fraud in conducting
the Manual Labor Savings Bank of Phil
adelphia, has been sentenced TO three
years hard labor in the Eastern Peniien-
tary of Pennsylvania There appears TO
have been very little sympathy for his fate,
although the doctor is at the advanced age
offs. His case is one of many, in which
an anxiety TO become suddenly rich, has
plunged men in crime and misfortune;
and it is another warning to the world to
beware Of dpdrice-to be content with our
let, and thrive by industry and economy,
TO obtain an honest living for our families,
and lay up part of our earnings for a
future day. This admonition becomes
more necessary from the fact that the peo-
pie Of our country are amazingly enter
prising, and fond of making money and
making ii quickly. They are not content
with the slow but sure results of an inGus-
trious and frugal life, but are constantly
endeavouring to dash ahead-to overleap
obstacles, to strike at something great and
novel-to realize in a day-to become
opulent over night. Where one succeeds
ip such projects, thousands fail; and even
the successful man thus suddenly enriched,
becomes careless and extravagant, and
soon falls back upon his former position.
"Light come, light GO" saith the proverb.
The worst feature, however, in this case
is, that man tries to become rich by
swindlng the poor;--for what can we call
it but sw,nding, TO issue bank notes and
shinplasters without capital to redeem
them, and then by fictitious representa-
tons, cause them to circulate among the
laboring poor, 1.-THE rich and well-informed
will t take them) and after accumula.
ting large-sums by such frauds, shut up
shop, eaving thousands of poor victims 10
suffer from the imposition. Men cannot
hope to escape punishment. committing
such. crimes. At Pr. Dyott's advanced
age, he can scarcely hope to outIive his
sentence. Let all men beware of avarce
| particularly old men.
| CorroN.-The depreciation in the price
of Cotton in England, and the apparent
determination Of the government of that
country TO eau mnre extensive pro-
duct,on of the staple in the East Indies,
are facts well calculated to rouse the cot.
ton growers of the United States to a sense
oftheir danger. The fart is, the present
government of the United States, the Bfi
tish Governm mt and the Bank OF England
are all and seveIally at war with the inter.
eSts of the Planter; and if the present state
of times does not evidence the fact, the
future assuredly will, to the lasting sorrow
of every cultivator of Cotton. Our own
government, under Me-. Van Bnren's ad.
minstration, BY well-directed and system.
attic attacks upon our hitherto good cur.
renCy, has made it what it is:-a currency
ofrags and lampblack. Knowing the al
most pennIless situation of the South, the
government of England is assisting Mr..
Van Buren, in GRIPPING the energies o.
the South, by encouraging the production
} of cotton IN their own colonies and by re
cognlzing the Independence of Texas
from whence they hope 10 procure cottor
cheaper. The Bank of England, having
no monied institution on this side of the
water to contend with, has raised the rate
of interest 10 5 IL per cent, thus crushing
, a. one fell swoop, all the State Stocks o
: this Union, which will have the direc
effects ofthe transportation of specie from
: this county, and the consequent furthe
arrangement ofthe currency of the Union
! 1t must be recolIecied that all these meas
1 ures are aimee al the South. The North
ern States export nothing. They are easy
5 and their currency remains good. A New
. York Bank bill in Columbus would thi
day command premium of from twent,
to thirty per cent; nay, in Columbus none,
i tacO dollars would gladly be given for
e one dou1r New York hank motel TIL