New-York daily tribune. [volume] (New-York [N.Y.]) 1842-1866, 1856-12-27
NEW.YORK DAILY TRIBUNE SATURDAY DECEMBER o. 1856

may bear or not upon tho question Of ssnisy. y Of
comparatively litte interest to the public. on ne
foolish Ways in which money to almost any exens
NAV be IavisbeJ even without resortins to the sup
position Of nssnity, short residence In this cisy
SUFFICIENT 10 msie one aware. The great point OF
curiosity Is, how Huntington got 90 much money
;oto Nj. hands to spend The testimony on thus
noint tbou.h a. yet very imperfect, and eK'saeted
f,orn ,,ther costive witnesses, throws, however
acme curious light on Wan-street transactions. We
have before now heard such rates Of interest spoken
of as ere per cent day, but have always regarded
such stories as psrtakipg largely Of the marvellous
Yet Il would reem from the testimony Of the
cs,h,er of one of the parties with whom Hunting
ton bad very large transactions, and whose money
be very extensively employed, that such rates. ana
even double ouch rates, were not unknown. The
test;mopy would seem TO show that it was the bait
of this or some smaller, though still enormous
um,v. which had delivered blindfold int, Hunting
toms hands the shrewd Wan-street money brokers
who are the holders of the forged paper, and the
principal or only losers by him. 1t would seem
that il was the offer Of Huntington to share his
profits with these men which had induced them to
place in bis hands great amounts Of money to BE-
lent out fox their joint benefit. So far yet ap-
pears. III only use which Huntington made OF the
large stock be bad on hand of forged paper, was
10 deposit il with these money lenders as couatera
security for their advances. 1t il positively testified
bv their own book-keeper that to one OF these
firms he paid sometimes, for sums Of five or ten
thousand dollars, one per cent day, saying that
II was half what he made. Now it 10 certainly
true that this might have been Q misrepresentation
on his part; but unless such things were possible
and even pretty common, it is incredible that
advances should have been made to Hunt
ipeton in the expectation of obtaining from
him any such returns in the way OF half
profits. 1t is very probable that Hunting
ton deluded and deceived bis partners in this
money lending business a. to the amount OF
usury to be obtained for their money through bis
agency, and that these enormous rates OF profits
were often paid to them out of their own money,
or paid to one firm out of advances obtained from
another; but the possibility that they could have
been led on in this way to make the enormous ad-
vances they did, shows ideas current in Wall street
among parties who ought to know Of rate OF
prt fit almost without limit
We .hall only add now that the case OF these
forperies 10 not one to shake confidence in the rel-
snce ordinarily put on written documents and sr-
camille signatures. Huntington obtained money on
these forged securities only because those who ad-
vapced the money, instead Of scrutinizng the secu-
rites, chose TO place implicit confidence in him.
Indeed, if we do not misunderstood it, part, at
least of the defense would to be that the other
parties were 80 mixed up in interest with Hunting
ton in all these transactions that it does not belong
to them to claim the position Of innocent and de-
fiauded individuals.