Nashville daily patriot. [volume] (Nashville, Tenn.) 1855-1857, 1856-11-10
From the New York Times. Oct. goth.
Ninety Days i'm the Importing BusinesS-
what "a Fast Young Man Can DO and
MhRI One Uid.

The arrest OF the young man, Thomas 7.
Wight, and the developments thereby brought
ont, continue to be a subject Of general remark
not only on Change and among business men,
but with the community at large. As reve,
latiOn of "sharp practice" II throws entirely
in the shade the operations of that other fast
man Huntington, the Wal street broker And
besides, it is vastly more romantic; though to be
sure, as in all such cases, it is in measure a sad
realty-at least to the victims.
The story, though extending over period
Of only ninety days, would be very long one
if told in detail. 'Tis slightly complicated, too,
and the financial terms necessary TO its eUc-
dation would bother any but business man
well posted up. The suit upon which the ar
rest of Wight was ordered, and which is now
pending, is brought by Jean J. Suffer, ct al,
and is only one of dozen of "a similar char
acter. The present proceeding is under the
act against fraudulent and Ascending debtors,
and is intended to compel the prisoner to ac-
count to his creditors for all the property now
in his possession.
John W. Wight, the second defendant, and
the brother and partner of the prisoner, is now
ia Illinois, it is said, with the books of the
concern. According to Mr.. I. p. WIght's own
statement there is discrepancy between his
effects and liabilities.
This Thomas P. Wight was for some time
book keeper in the highly respectable house of
John Higgins & Co, of this city, the senior
member OF which is row our Consul Ia Belfast,
ireland. SO well and ably did he perform his
duties in this capacity, that he won the esteem
of his employers, and their confidence, TO such
an extent, that during the absence Of the firm,
in 1854 8, in Europe, he held their power OF
Attorney.
OF this power he availed himself BY pIedg-
ing the firm, whose interests were entrusted
TO his care, he obtained credit upon The
firms bankers at Glasgow for $4,000, with
which sum he went to Europe representing
himself as the exclusive owner OF this SUM il
order TO make arrangements for continuing the
firm with this supposed additional capital and
lac to be a partner He took with him letters
of introduction from some Wall street bankers,
and these he used TO forward his designs. lie
also represented himself to be a millionaire
and played all his parts so plausibly that he
finally succeeded in buying the firm With
their own assets.
The property thus turned over to him
amounted 10 about 100000 and he actually
prevailed upon one OF the largest creditors OF
the estate "a cannie Scott to garnish the firm
OF Higgins d Co., and the other creditors, in
lhe lhllllul llluludtoH pi lhe liabilities OF the
estate, SO that the late firm are now held
harmless.
The $4,000 credit, which he bad obtained
in the manner above mentioned, he deposited
in the Western Bank of Glasgow
Soon after he returned to this city and con-
timed the importing business from the first
OF January last, in Vesey street, under the
name of Wight Brothers" Here he seem.
ed To prosper greatly. lie lived grandly, oc,
cuped brown stone front in Twenty third
street, kept span OF horses, and, IN fact, went
it decidedly strong.
His career was very brilliant, but very briefi
la ninety days after its establishment the firm
OF wight Brothers" collapsed.
Aud so ends the FIRST part of this singular
story OF Ninety Days 10 the Importing Bust
ness.
The second part is now performing before
Judge Oakley AT Superior Court Chambers,
aud viii be continued OF Thursday next, al q
O'Clock, r. NJ.