Lynchburg Virginian. [volume] (Lynchburg [Va.]) 1829-185?, 1848-11-27
Correspondence Of the -Nsr Oslcmss Delta.
WASHINGTON, Oct. 80, lS4S.
C0RCORAN AND RIGGS.
THE CELERH7TED n1JEnIc ,,.,,,,,r,o

NHHiSeIsN Dr.. NhlLHS
EpiroRs l'-LTA; All the world now knows The A
u'ef'"h Rs;nschilis, Corcoran and Riyus-tnpr fine
mas spread from this metropolis To London Paris Wen
IA. HanburJh, and IN Short here that trade and
commerce flourish, and yet, within very few years
they were as little known the humble correspondent
you have selected to give you The sayings and dnus IF
Washington. Alas, Delta, wha, ehangp. take place in
this mundane sphere Some men rise to fortune almost
IN despite Of themselves while bad luck aud i'll fortune
pursue others from the cradle 10 the grave The bare
idea is enough 10 make man firm believer in predes-
nation. The head of ID House of thschids was deep
ly lmpregnated with this feeling. According to his own
admission he would never nave thing do with an
unfortunate naa, declaring that he had kpown very
shrewd and sensible people of thai with their toes
of their shoes Instead of escheuing such people,
think 1t would have been more 10 his credit 10 have
heved Them.
The head of our Washington Banking House. w W.
Coccran, is the of poor Irish shrmaker vino set
lied III Georgetuwn, in the Dsric of Columbia upwards
OF half century ago. and hearted, gener-
Gus Of Erin, great LIVER Of liberty and a genuine
disc pie of Democracy. In the srus he between The elder
Adams and Jefferson lie equally ready with his purse
and Sheah.to promote defend the Cause the people
BY industry aud integrity he amassed handsome for
tune and retired from business Such was The esteem
in which he was held by his fellow citizens that he was
chosen AayT, and held the office until he saw &, to re-
sign IT, In after years the depreciat in property ia
Georgetown was great, that his estate which
Sidered ample competence for all his children became
a mere pttance. William, lie present banker the
Youngest and commenced ms career in the auction
and dry goods bushes in conjunction with brother
what older than himself The affairs turned disas-
rously, and they faed the partners sacrificing every
thing meet the demands of their Creditors
Ma. Nm. Corcoran was then employed aid in wind
ing up the affairs Of the old Bank Il, Columbia, which
had turned over its branch of the United States
Bank for the benefit Of its creditors aud am sorry to
not eng before this very branch broke like all
Ilatu II
bly,, that Mr.. Curc1ran first learned the 1udInenls of
nancy Hlakng. W lille engaged in this settlement, he
paid his addresses daughter of Com Morris Young
lovely and blooming girl. bit The father having violently
opposed The match, account Of Nh Cs circumstances
The young lady 1T give the old gentleman The Slip
ana united her destiny With Mr. g. She did moi live how
ever lis present afflnence, but died eav leav-
Ing en- only daughter, now sole heir to the fathers great
Ssessiuus Mr.. c. afterwards spened brokers' office
in the city, and managed matters with 50 much skill that
his Accommodations were exceedingly rapid. In the ar
rangement OF some business for Mr.. Elisha Rrrs Of
New York, that gentleman became 50 pleased VITA the
financial skill evrced. that he placed his SON. Geone
W. Riggs, in partnership with Mr.. Corcgan wirk lber-
~ to draw on New York unlimited extent This
was the commencement of the celebrated Banking house
Il C0rcrea and Riggs and on in one full tide IF
succeSsl experiment rum lis formation the present
tine. The first Government Loan offered by the pres
ent administrator was taken by this firm. and
mns sum realized from the TRANSACTION. The house has
ever heen as liberal successful stgave the handsome
donation Of 1--WE thousand dollars poor Irish, the
time Of The famine. and Mr. Corcoran has since given
thousand for the benz fit Of the poor widows Of his native
town. besides in charity the poor If his
city. Such men deserve the blessings Of fortune to be
showeTed on Them. George w. Riggs retired from the
7 1rm before The second han taken in part ny the
House, Bat brother of his taking his place. the original
drm # Corcurau s Riggs still stands. Mr. Riggs is
enjoying Oi,an dnitats beautiful cnuH;ry
sat, a. out hours ride from Washington. where ne
gives bis lime 10 the pursuits Of literature and the
inn roy e.nent and adornmeni Of his Eden.
such Della. is tIef history uf The origin Of The House
Of C,gcoran and Rigs, Srn that has amasse
wealth. risen higher in public upnnun, and wridrd
Gerce for lis short CAREER Than any other in lie Uni
! led Sia'es If America, probably in The verdi
PHILO DELTA.