The true Democrat., 1856-11-18

surroundings and the extravagance of their es- tablishments tLev rival the famous robber of the Arabian Nights, who had twoor three acres of diamonds and precious metals at his dispo- sal. Every body wonders where the ma5nlh- cent Mir. Snob and the splendid Mrs. Snob get the money to pay for all their luxurles; but once in a while there comes grand crash, some of the lights of Wal-street are let in for half million, and the finale of Snob, who has not saved enough to clog the wheels of justice, is tour to Sing Sing.
 1 Such seems to have been the case with the note broker, Huntington, who now lies m the Toombs, awaiting trial for forging notes oi hand to the amount of over $5OO,OOO. Huntington was undoubtedly man of considerable aoi.lts which he used for bad ends. He had the i'm plict confidence of many men in the merchant tile world and put his nearest friends in for large amounts. Perfectly familiar with the manner of conducting business in Wall street. | he ascertained what notes good houses had out, aud duplicated them without fear of discovery. single relapse into the careessness which on the part of others had caused the success of his exploits, ruined him in moment. It Is solid truth of the maxim that honesty is the best policy; that all great rascals no matter how able they may be, always do have their relapses and arc always discovered.
 The career of Huntington has been like a display of fireworks, evanescent For little while he spent money like water. He had six or eight hofses-two pairs for carriages for him self and wife, and several fast trotters--his sideboard was brilliant with massive pate.-- He great man at Saratoga, Niagara and | Rockaway, where his wife had more trunks and more diamonds than any one else; and in town he kept up two matrimonial establish | lt, Christian home, the other Mahomedan ser aglio-onc according to the laws of New York and the other according to the customs of the Mormans-within few doors of each other. He was prince for an hour. People ate his dinners, drove his horses drank his wine, bor- rowed his money and wondered how he got l 1t all. But the crash came at last and what are all his former splendors compared with his present po-ition2 He bought his luxures at d tremendously high price.
 l The case of this man is peculiarly llustra- tive of the sap-dash style of doing business which has become quite too common Tn New York Our merchants make tEer money easi- ly, and throw it away fooshly. In old times trade was vocation which was pursued by men of honor. Fifty years ago the first requi- sites for merchante life were unsuled integ- rlty and unremittinS attention to busness- l Then merchants met each other with perfect confidence; they knew the men they were dealing with; the word of one of their fellows as good ao his bond. In such time fraud was unknown, because it was impossibe- l Now, most ot our merchants, though generous and liberal as their slres, seem enervated by suc ] cess They trust all their affairs to confiden- tla clerks agents, factors brokers; and 1t is no wonder that these men, dazzed by the display of their employers, should yield to temptation | The merchants give them every facility by their lax way of conducting business, and the merchants are morally responsible for the result That this Huntington should have raised $500 GOO on forged paper is moustrous, and is clear
 y the result OI caEelc.smess on the part of the victims
 The great financial centre of the republic is full of Iuntingtons and Schuyers. Every two or three weeks some of the frauds come to light. 1t ls q large affair, like the achiev- ments of The men we have just mentioned it creates panic for a week or two; but if 1t is small piece of rascallty, it is hushcd up the victims submitting quietly rather than be rdi- cu'ed by q public exposure, by which they would not get the.r money back but receive public verdict of served them right"- i We have reason to believe that the frauds which have been made known to the public are insignificant compared to those which are undiscovered or kept secret. Wall street Is full of hurry skury, slap-dash, dead ad-over-heals ! fnancierr, who never know how they stand on any one eoe's books or how any one else stands ou their own. The opening for Schuv- ! lerISms at,i iiuntlugt0uiSms Is, consequently, magnificent and it IS improved to the fullest extent"