The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1842-01-19

sual occurrence, If very great misiaanagenlen
did not exist, how is i that fellow has managed II
In few years. by hauling the cars from Broad street
to the inclined plane distance OF three miles, and
furnishing woed at few of the watering stations on
the road to make thirty or forty thousand dollars
He is now one of the clique who talk OF leasing,
aye, or buying the road Is i at all surprising that
the road pays heavy loss with such persons prey
ing upon III Reform it, Messrs. Canal Commission.
ers, ''reiorm it altogether"
Judge Hopkinson, the immortal author OF "Hail
Columbia" was buried tkis afternoon, with many
civic honors II is said host of applicants for the
Office already at Washington. "The race will
not be ~ the Swift" that's certain.
The examination of Nicholas Biddle and his CO.
AUDITORS has excited an intense interest IN this COM
munity. Some queer developments have already
been made, and some still more queer will follow,
depend upon il. The assets are curiosity Ap-
propcs OF asse's-you may remember having seen ~
list published some time since, an Item OF SllOOU
loaned the " Port Sheldon, Michigan, Land Com
doubtless familiar with the history OF the rise aud
progress Of this celebrated band Of hnanclers, and
II may, therefore, not be amlss 10 relate little an
ecdote connec ted herewith, furnished by one OF
the gentlemen composing the company to friend OF
mine few days since. After commencing opera
tons with stock Of Ss!0,0OOs worth Of dry goods,
400 baskets Of champaign, Uor home censumption)
Bank. they erected &ss,leadid hotel in the will
denees, after the model of the United States Bank,
at an expense of $1,000 They done devil OF
business IN the way OF building houses, clearing
lana, locating roads selling lots, water privileges,
&c. &c. This done they got up splendid plot or
plan CT the town, with rail road direct from Bos.
ton to Por, Sheldon, which, in its progress crossed
numerous rivers and mountains, including lake
sixty miles wide without Offering the slightest i'm.
pedinen, As long as the money lasted things went
on swimmngly, but at last came the crash, two hun
bred of the Michigan " wild cat' banks went by the
board at once asd worst of all, the Monster sus-
pended the second time" "Here was a pretty ket
tie Of fish," said the narrator sail our fond hopes of
making fortune vanished into thin air." In few
weeks after the last mentioned event, each member
OF the company 1--WE were not lncorporated) receiv-
ed notice from the President of the Bank request
ing the payment of the $4,000, offering TO take
$4,000 cash, and the balance within nine months
Shortly after received thenotice addressed TO me,
l met Bill B, another of the concern. "Well
Bill what do you intend doing 7" "Why," replied
he. as ii is trfe, propose paying off at once by
giving them my personal property" "Your personal
property and pray what personal property have
you got worth $ll0,oO02 "Why, hav'ni l "a wag
gon that cost me $4,000 horse worth $4,000,
and bulldog THAT'S cheap at 100000 and don't
that together make just the sum we owe them %
That's the last heard Of the Port Sheldon Land
Company.
Mr.. Recorder Vaux has done himself much honor
by the independent course he has been pursuing
during the examination before alluded TO. The pub
lie may rest assured that nothing will be left undone
to tear away the VEIL and expose in all its naked de-
forny, the monstrous iniqulties so long praciiced
by the United States Bank. ScIorA.