Gallipolis journal. [volume] (Gallipolis, Ohio) 1837-1919, 1854-11-09

suppose him to return to the place from
whence public opinion had driven him,
at time when the whole community
were in deep anxiety about the Els
worth Bank, and have the impudence to
assert that the trouble had all happened
on the account of his having cursed Mr..
Tisdal, the President, who was, also,
one of the School Committee. Let any
American take this home to his own
town, and we venture to assert, that no
matter what his judgment might teach,
his feelings would prompt him to say.
put him through
The RUINED BANKER, AND THE MORAL
WHICH THE CASE TkAcHEs.-We under
stand that Mr.. Manchester left this city
on Saturday evening. Since the failure
of his clearinghouse, on Tuesday it has
not been safe for him to be seen abroad
alone. We know not his present place
of abode, or where he intends to settle
himself. One thing is certain, his days
of usefulness in this city have departed
His property has been placed in the
hands of assignees, but, from what we
can gather, the assets will not meet the
liabilities. Many of those who are
losers are hard-working men and wo-
men. They intrusted their small earn
ings in his bank, and we fear they will
not be able to get them back. We learn
that his failure is chiefly attributed to
stock speculations, borrowing money at
large rates of interest, and extravagant
living. Some months ago he bought
fifty thousand dollars worth of stock in
one of the railway enterprises in this
State, which fell on his hands very
rapidly, and his losses were heavy. In
our city there are few, very few, who
express any sympathy for the ruined
banker, while, curses, both loud and
Deep follow his, footsteps like an echo.
One of the sad evils which follow
wrecked fortunes and wrong doing is
the sorrows which fall upon the innocent
family. We shall not attempt to en-
croach upon the sanctity of their private
grief.
The present case of failure, and the
consequences following it,
are not without their moral. The bane
of modern city life is a desire to make
money and to live in style beyond our
legitimate means to afford. The old
maxims of home prudence have lost
much of their force. and are rarely
practiced. The desire to outshine our
or at least to be eqnal to
them in show-making and party-giving,
and fine dresses and furniture, and cost
ly yet useless ornaments, are among
The fruitful causes of tight money mar
kets, bankruptcy, and domestic ruin
No history has ever recorded the mise
-ies which the slavery of fashion and |
he arbitrary demands of society inflict
upon men-a slavery more CALLING than
hat of the servitude of the southern |
legro-the many shifts that are made
% keep up appearance, to hide the truth,
and to raise money to meet the notes
coming due. No wonder we have
,are-worn faces, premature gray hairs,
md effeminate constitutions-the legiti-
nate offsprings of a passion to live be-
Iond our means, and keep up appear
lnces.
We do not mean. to say that failures
n business will not happen at times
wen when the greatest amount of pru-
lence has been observed. Misfortune
5 an incident to everything human
But we do not mean to say that there
5 more real poignant misery, more sleep
sss nights, and dreaded days occasion
d by this mania for appearing to be
etter off than we are, and supporting
beyond that which we
an legitimately afford, than by any 9TH
r thing. The case of Mr.. Manchester
J a striking instance. This false ap-
earance, like false lights on the ses-coast
ED out by wreckers and pirates to de-
Ide the mariner, deceives and ruins
lany. The poor people, who intrusted
i'm with their hard-won money, were
eceived by the false lights which he {
eld out. Up to the moment of his
allure he was considered one of the
'ealthiest in the city; but when the
ghtning struck, it left the tree bare of
-uit and leaf. Nothing remained but
be trunk, SCARED and worthless. The
oor have lost that which they intrusted /,
} him. and disappointment and unavail-
lg sorrow fill many hearts.
Nor are these all the evils which a
purse like his brings upon the commu
ity. The trustworthy, the solvent,
le honest and just suffer from them
hey become in measure objects Of
lspicion, especially to those who have
lie least means Of ascertaining the
nth. They engender in the hearts of
le masses prejudice which therein
angrene and rankle for lifetime, and !
Zhibit their evil fruits in hatred OF
anks and paper money. These be- I
'me the political capital of ofice-seek- !
s and demagogues Posted on Man
buildings yesterday morning
as piece of foolscsp paper. on which =
as written, in plain round hand, these
ords:. "IRis building sras erected 6y L
idOsOs' tears and orphans cries, the
perhaps. Of some seamstress
: poor widow, whose little earning, the