Wheeling times and advertiser. [volume] (Wheeling, Va. [W. Va.]) 1839-1849, 1843-09-18
From the N. o. piamsnd.
~CONeARrNERSIIIP sQUABRLE:
yoa,A NEw LESSON ~ BANKING.

hrm IN this city which transacted bust,
ness under the imposing title OK aeon.
wIysier ~ CassIdini or The e~xtentof
their business, or lis bearing on the
CONNIE rcial world, We are not prepared
To speak, but hom data before US, We
may saiely assert that il was confined
With proper boundaries, and did 'eT>
tend TO
The cotton and sugar line"
so feeIingly referred TO by Fitz Green
Halleck, in one Of his admirable saiirical
productions.
Unfortunately for the welfare Of the
firm, the partners were a~ntipOdes in ev-
cry thing. One believed that the Mex
leans would contipue TO line hrs till, no
matter what course he might pursue,
while other entertained far different o.
pinions, and conceived it 10 be necessa-
~ 10 make use of some cxerIion, to Sc
cure success IN business. One would
rise from his couch at sunrise-Ihe 9TH
er would permit the god Of Jay TO pass
the meridian mark on the dial Before
he escaped from the arms of Somnus-
Nor was this all. One mixed brandy
with his water, and the other water with
lAAo OhoAe = eAN NV OA0CoA lbldOilIllAS
DO say, that the former has been known
10 perform certain 9 yrations in the
Silly hour Of night, which would have
done no discredit to Corporal Strapado.
Things went on at this rate for some
time, but the day Of reconing came at
last. The reycrses Of 81 swept the
house of CoIwaysIer ~ Cassidini, with
a numrer Of others, to the ground, we
regret to say il had not su Ghcient recup.
-erative energy TO stem the current o.
adversely that sat in so strong from all
points OF the compass. What was 10 be
done. Liquidation and white washing
at that period we're not understood and
practised, and although Ike firm could,
from their schedule, show that for every
cent they owed, there was a dollar OF
assets 10 meet II. (as is always The case,
when suspension takes place. their Gre
ditors were inexorabIe, and the doors
that had been The ingress aud egress Of
untold wealth, were closed by the sher-
i'll, sans ceTemoHie. All was past re
demptioH, and the names Of Con wayster
and Cassidlni were the next day offered
on "Changc al ruInous rates Of dis
count"
Things had now approached a crisis.
Credit TO a merchant is life blood-the
element that 'makes him or undoes him
quite" ADD the senior partner was SEN
-sibly alive TO the Importance Of making
q desperate sIIuggle TO retrieve the
ground he had lost. But how was this
To be accomplished? Bank facilities
were out Of TIE question "a loan ''an
obsolete Idea' as b ack Dan savs-and
he had nc argosIes at sea on which an
advance might be obtained. What a
situation for poor ~Conwayster! But he
did not despair. Better luck next time
he would say and being a man Of the
most determined character, he soon
'chaIked out a path he resolved 10 pursue,
for the future, regardless of the advice
OF those who assumed to know more Of
ms own business han he knew himself.
The Merchants bank vas selected by
the house OF Conwayster and Cassidini,
as the most proper monied institution TO
conhde IN, as their heavy business trans
actions were sometimes in a delicate sit
uation. At the time of the failure Of
the house, there was u balance in favor
Ofthe firm of some fou- hundred dollars,
which COnwaysler determined TO secure,
for be 1t understood he had furnished
the only available capital on which the
firm commenced operations. With this
view he sought the bank book. but il
was nowhere to be found. To use a
classical expression, she smelt a rat
and FASTENED TO The residence of his
partner.
"Where is the bank book was the
hrst ~iDterrogatory.
81 have got il aud intend to keep it,
was the cool reply Of the junior partner
"1ou are a s%coundrel' Numbered Cortt
the ~enraged senior.
"We'h shake hands on that-but
mean 10 keep the book-do you see an
thing green in my eyer
"No-but I'll draw black lines arounl
1t before to-morrOw's sun goes down,
was the bitter response.
The senior partners knowledge Of f
nance was far superior to the junior,
and as soon as he had sufficiently re
covered himeelf,sh he wrote out a chez
for the amouLt, signing the name Of tn
hrm 10 II. or course, il was Instant
paid, and the senior left the bank, a
happy as a retired director,
The sequal was rich. The iunio
partner was on the ground next morn
ing, at an early hour, and as soon as IN
doors Of The bank we're open, he made
respectful bow to the paying teller, al
presented his book-Uhich Das immed
atelg balanced. The falling Of a pc
tion Of the heavens could rave produce