Lynchburg daily Virginian. [volume] (Lynchburg [Va.]) 1852-1861, 1854-07-12
From the Albany Register, July Z.
Somet hing Gan Operation.

The stock OF the New Haven railroad has been
among the iauccs of Wall street some times up
aud sometimes down, haynga sliding scale of
some thirty per cent, upon which fortunes might
be lost OF won ny tie cuterursing spectators of
that famous locality. The bulls aud the bears
hure been constantly pushing or hugging each
other over the stock, sometimes one going to the
wall, and sometimes the other but il has al
ways been understood that whoever owned any
OF the sharc~ had To pay at lcast something for
them that something might be more or less
still they always represented Il greater or less "a
mount of actual Il HAIRS. Recently, however, a
new 'h,ng his come to light, which shows how
by II lttir shrewd management, millions may be
accumulated with only flourish of the pen, and
lib stock of the New Haven railroad has been
selected ful the purpose of demonstrations The
president OF the company got little hard up du-
ring the last year. The times were tight, and
his piper, thought il lay around rather loose, had
10 be paid. Notes will run to maturity, even
though the sun and moon were To stand still
Anybody can pay his notes when they become
de, provided he is in possession of the money to
pay them with 1t is only your gIea. hnancicr
who enn create means, call order out of chaos,
manufacture som. thingout of nothing, pay thous.
Hnds from empty pockets and hundreds of thous-
and, from dollare>s eXcheuuer. just such "A
innncier is Mr.. X. Schuyler, late President of
the New Haven Railroad. Ilewas great man
ON Chunge,onc of the solids OF Wall Strect,a sort
Ol railroad king, whose house was supposed to
have been founded on rock.
Seeing the vast range of his operations as
contractor aud tinancer, aud measuring his re
sources by the Naistness of his liabilities, every
body supposed, of course. TINT he had command
OF hmitless wealth. 1t is entirely true that no
body could specify the amount or the exact oca-
tion of his possessions, or precisely where the
mines lay that furnished his hnundess supply of
means. One thing, however, was etident,he had
heaps upon heaps of New Haven Railroad SCRIPT,
innumelablc shares of the stock, upon which he
could always fall back when pay day came n
round. He hypotheeated here, and sold there
exchanged hundred shares for one ten thous-
and dollar note. fifty shares for another five
thousand dollar one, when he ock was at par,
ana rs the stock sunk III value, his shares in
creased IN number, so that the supply always e
quall' the demand, in defiance of tight times, or
any ossible huctuation in the money market.
A. he always sold, and never bought any of
the stock. curiosity began tn opensits eyes and
wonder Why Mr. Il. schuyler never got to the
bottom of his magical bag, the which, though al
ways in appearance undergoing the process of
beng emptled, was always full. I'm looking n
bout not 50 much with any idea of discovering
any wrong as to getting at this new principle f
hnance which Mr. Schuyler seemed To he 50 sue
e'sstully developing, it discovered that
through the aid of his friend, the transfer clerk
nineteen thousand saar,s to himself or for his
benefit, beyond what the charter allowed, and for
which he had never paid one cent. Here was in
the nrlghborhood of two millions of dollars, con
slderlng the stock at par, and over a million and
"a halt IN any event, after making a liberal allow
auce to the transfer clerk, which President Sehuy-
Ter had quietly pocketcd, for all which the com
pany or the purchasers are the poorer, as the
courts shall determine. This large sum has
been appropriated by President SCHUYLER within
Il year and vel il is said he Is hopelessly bank
rupt, even out side of the and ii afforded him and
without reference to what some people regard in
the light of AT least moral obligation To refund
And this we perceive, is called hy some of the
n. York pal ers AN unfortunate affair." as though
the fnancier, President SCHUYLER was to be
pitlcd rather than blamed for his unfortunate
failure Mild terms these, to apply TO a spccu
lation of this kind President SCHUYLER, accord
ing to- our notion, Is neither more nor less than
Il gigantic >windlcr and robher knave Of the
rilest character n villain of the deepest die one
upon whose head the eNccration of every honest
man should be poured ,Iustic should be swift
and relentcss~ on his track. 1t should hunt him
t, the furthest limits of punishment for the crime
he has committed Rascality like this should
meet with no sympathy; such corruption should
lind no excuse or favor from an honest people
Here has been two millions absolutely stolen, for
which those who work must at last suffer. And
to call the thief. though he wears bfoadrloth. I'M
fortunate, is to degrade misfortune to the level of
crime.
Some people will ask, Whathas become of all
this money Where has it gone As well
might you ask for the last years snow, as for the
millions lost in the gigentic games layed in
Wall street. portion oi it may be hid away.
nNon which wf.t o. compromise i ELECTED. the.
f.@aFef NAV H't're,aud he e1Hiutad tie rest
at his Hta. surrounded Is luHHies aud all Ia can
minister to ease, or upon winch he can start a