New-York daily tribune. [volume] (New-York [N.Y.]) 1842-1866, 1852-11-03

persons, intending only TO his enemies cir hlegs
fakiner interested BY Gallagher and induced WIN
some difficulty the bank 70 advance hIu, sum OF S(l
en- bond O. Cansghsns, and on the security OF ni-
fniher-inaw Mr. Barry of Lyra Callsghan had IN the
meantime been carefully studying the trade OF Corr rs
II never before or since studied he uiastered u
eTen to its minuest details great London house tooA
the whole provision contract and the Cork merchants
combined to engruss the market
Now was the moment for CaIsshan 10 reap the
reward OF his patient study Alarmed at their PosIuo
enc OF the LondOners came over, and wss SUI ins'o
dismsyed when he reached Cork Young Csilsgnan IN
troduced himself and what was then though. most
presurning thing his part rs gave dinner 70 me
Londoner, to which he had some difficulty IN getting
guests of them confessed ourselves. lie soon
showed the London firm the game it shouh play, and
eIpOunded all the resources in their power WIN
mastery perspicuiiy and close accuracy OF detail
share OF the contract immediately given TO hun
End, before the year had expired use the rels.eTs
words: IL gave Callashan $1,000 on his own word.
after having hesitse nine months before To take his
bond with security for $500
He then bounded over the heads Of ell his competitors
He cared nought for politics public life, his anotion
being 10 cope a merchant with the men be mss on
Change at Liverpool and London He had system OF
his cwn which required rapid perception ani reten.re
memOry-8ih both Of which he was endowed HIS
system was carried upon-l Pumping for information.
3 Rapid action on information obtained. secrecy OF
intention and means g. Munifcencc in reuluneratiny
his e,zpoyss In the first OF these no greatly eNceiel
He read men intuityely and used bis information win
rrest skill concentrating his intellect in mercantile
knowledge and trade in all its branches lie was very
bold in bis decisions, end with frank manner could
keep project in his hcnd in most sarc-nsnlike
style He lavish IN the use OF his money 70 ootln
early information
The merchants at Liverpool and London used 10 he
sstonshed how " u. Gala ,hsn Cork, used to conriye
10 cram in his OF provisions before they were
well advertised CT the ports being opea Il was sup
posed that he had got hold of some high Ocis persous
and the late Col got into some scrapes upon THIS
penf, and thought proper TO leave England Mr. Gala,
CHAN knew exactly what he was worth, a. he had
slwsys 20 many speculations going on Thc late Mr..
beaish OF Beaumont used often 20 relste as ch1rae
terrific OF CaaghGns love OF speculation how they bo;h
CHANGED 10 be in Liverpool and walked lnto s'ost
bankruptcy sale An enormous qusniiiy OF cotton wa
offered for auction. and Mr. Bearsh was surprised by
Mr. Csllaghan bidding for il II was knockoI dowa 10
him in the middle OF the day and before dinner tune me
Corkonisn had got Al 900 profit for hi, soreiul OF cot
ton Mr. Cal!r CHAN made the foruncS OF several PEI
sons coIneC ted with him. He died IN the prne OF lie
tut wa premsturely broken down in health.
There have been several lrishmen VINO nave realH "a
greater fortunes than Mr. Caaghan who. AZ hil cu'n
aiing D. int was not rated at more than 425OoOC Dut
il wss the splendid Ptyle in which he transacted h' NJ
fairs his Inland dealing his ocraty snd contempt Tor
pCddnC ind his complete mercantile Accomplishment,
that placed him the head of the Irish mere ste world
He must not be confourdCd with haphazard secuatoVs;
oil his movements were carefully reasoned OUT on ss
acquired By lis bprehensiyc and retentlve lnIi
Uni Ike the Tonsons or Hare he did not gain pneTase'
but the swty OF the of Dsu CsaS CHAN on Chan q
at London far brighter in the eyes OF true III iy
ambition than the lJstro Oi coroEets like those o, LIS
towel or Riyersdle. dublin UnI'cr'uy Nag