The true Democrat., 1856-11-25
From the New York Herald, Oct. 25th Huntington Foreeries.

Since the immense frauds perpetrated by Charles B- Huntington on brokers in Wall street have come to light, there is no small share of curiosity in the public mind to learn how it is that ne could have been so successful in his TO- queries in that place of sharpers The frauds committed by Schuyler, couple of years ago were easily comprehended He was the presi dent Of railroad company, and entrusted with the Issue Ot its stock; and the simplest mind could understand how, with implicit confidence reposed in him, he could over-issue stock to al- most any amount. But in the case of Hunting- ton-whose name has been for the last two weeks before the pubic-it is difficult to com. prehend how he, who was unknown in finan- cal circles year or two ago, could have suc- ceeded Tn victlmizing the note -shavers of Wall street to the amount of some half million of dollars. The mode by which he did so. we will try to explain:
 The first trace that we can find of Mir. Hunt lngton's connection with financial matters. dates back only as far as 1852 when he and two or three other individuals fell into the hands of the police of this city for the share which they had in getting uP fraudulent shinplaster concern, under the title of the "Anacosta Bank of Washington, D. C." Indictments were found against him and his accomplces on that occas. ion, but they were never brought to trial. on account-as appears from an endorsement on the biil-ofsome informality or incompeteness in the proof
 We next find him, shortly thereafter, having a little box of an office in Wall street, where he purported carrying on the business of bill broker in a small retail style This business consists in acting as sort of agent or go between for brokers on larger scale-that is. he would go to broker and find out what he would sell certain notes for, and then he would go to another broker and see what he would give for the notes, and then, if he found he could realise any profit by the transaction. he would buy from one and sell to the other. At this time he boarded up town with his wife at moderate scale. He agreed to pay Sl5 a week Tor their bo'rd, bat even this moderate sum he dld not 1t is said, find it convenient to pay. lie left that boarding house and went to the Metropolitan Hotel, where he stayed for some time; but he did not here indulge in any of the eXtravagancies into which he afterwards launched. He subsequently, went to the New York Hotel, where 1t seems he commenced to De more liberal in his expenditures. We a- terwards md him occupying part of house m fllteenth street, and recently owning two or three houses In Twenty second street.
 Notnlng IS more strange in connection with Huntngton'S career than the fact that he was so little known in Wall street or in commercial circles. Our reporter conversed to-day with some of the principal brokers on the street; few or them had dealings with him, and most of them had never heard of him until the time of hls arrest. And yet he could raise half million of dollars among that confraternity on forged notes, wherein the signatures did not even pretend to be limitations.
 The suppositon is that it is only within the last eighteen months that Huntington con- menced to operate on forged papers. It may not be even so long. He had now an office at No. 52 Wall street, and professed to carry on the legitimate business of note broker. As most of our readers are in blissful ignorance of the business of note-shaving, we will briefly describe 1t. Commercial firms even though they may have large capital are constantly compel led to pay by notes on time instead of cash. The accommodations given by banks are lmi- ted; and when they decline to make more ad- vances on the notes of firm, bill brokers are resorted to. These charge more or less discount on the bills, depending upon the credit of the drawer, and the length of time they may have to run before they mature The bills of houses in first rate standing Technically known as gilt edged paper) will be discounted at the rate of ten or twelve per cent per annum, while or others not so well known or trusted, the brokers charge discount of two or three per cent per month. It follows therefore, that in times of ordinary commercial prosper- ty, when bankruptcies are rare, these shavers make quite a handsome profit by their opera tions. Huntington was engaged in this capital business
 The profits of the trade, large as they must have been, did not satisfy him, or were nsuffi- cient to enable him to gratify his extravagant