The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1857-05-12
Frauds and Emb~z elements In Vrnascl~i
Circles.

chllds shares III the Great Nortbera Railroad OF
Fraoce. are at last craving apparently to q
close. The case. we uDters a. d, Is TO b. summed
up to-day b.fcre the Uni ed States Com uis-
s,oncr, who las cherge Of the matter, and We
will probably have the d session OF that func
t'one'y pronounced in the course Of the wek
Tits extrad,t on CASE docs certainly excio't u
rstber slow mode OF managing business in o u
criminal courts. II Ii DOW over seven mnoth'
s'nce these refugees we're arrested in New Yors.
aud il as tsken Gil the irt rvsl to 60d out
whether Their CRIME falls within the terms Of the
txtTsdision trt q existing between the United
Sta'ee and France That treaty must either
have be- framed In very bad Freoch or 10 still
we're English, since seven months have been To-
sufficient to fDd out what II really mesnA Tue
d'scovt,y hss not yet been made, and when the
trey ConmssoDer .does reach definite idea on
that point, we doubt whether his dictam will be
regard. az conclusive on the subject We IN
d-rstapd ho1ever, that ali sorts OF appliances
e resorteo to to achieve tho extradi'ion OF the
cr,uis ais and that sny amount of money is
being expebdtd for that purpose.
But it wss not SO much for the purpose ofcon-
M ming on "tbe law & del.s" that VIC have n,
rred 10 'his case, al Wlto the idea of -howing up
the unpa, don.b,y stupid and cart less manner Of
conducting the affairs Of great commercial and
financial establishments in France, Ia England,
aid in the United Stases-stuptoity and Careless
ntss shich lead to those startling disclosures
which ev-ry now and then -eak out In CONNER
cisl c,rrl-e ON both sides Of the Atlantic.
Here, for instance, In this gigantic Intuition
the Northern Railroad Of 26eccA-~ere tso or
three clerks, a. salary OF I'VE or Fix huodced
dollars scar, WOO were aols. within the oour-e
Of q few years. to commit dep citations on T..
O. mpauy, ORION its principal shareholder to the
amount Of some four or five mIlloas of francs,
and to diss'pate that immense sum IN Boars,
SGT cu'ations fat women fast horses and sxtraya-
giant living And If these pics young men had
rot thought 1t p ope, to make anexcursiou across
the Atlantic, they might have gone on
to this very hour In abstra acting Old ROths-
chid's shares just as tbeir necessities demanded
ana without incurriDg mncb risk of detection.
So, ALEC, in England. The pious hnmane,
pea'm-singing, Benevolent, philanthropic Saint
Lionel Redpath, bsving condeecended. JUST for
the sake of doing good to society and keeping
his hands from idleOess, to act as transfer clerk
to one of the British railroad companies, trans
ftrrtd to himself stock to the amount of some
millions OF dollars, and was only at length rus
Pr cted, after several years operations by his
very natural dstse&e to q general overhauliog Of
the accounts
so, seain With ourselves. We have bad cur
Schuyler Misunderstanding in amount the French
and English operations and we had at the same
time like operations, though On more moderate
scsle, by Mr.. Kyle, in both Of which the New
Haven and Harlem Railroad Companies we're 20
libesa ally v'ctimized. And Thea, passing over the
Huntington swindlss which belong to another
class hardly q week passes that we do not hear
of an absconding confidential clerk, . defa1lt'ug
bank cashier or o dishonest bookkeeper, WHO
hss BEEN cutting q dash in aristosratic
circles, On the strength Of the standing which
few bubdred thousand dollars, surrepttiou-ly
obtained, have given him These are overy day
br' aking out all over the country.
Common sense p ople cannot tai to ask them-
s. lvee-when they read the newspaper par q graphs
am ouncipg evsry new developer ut OF this
k,nd-how Ia 1t that such imm. nse 'ruuds can be
perpetrsted, and how the operation can extend
over several months or years without detec-
ton? But people who ask such qursaoas
are very ignorant OF the mode Of t'an-asttnz
business in large financial cooc,rns They have
10 id q Of The sloven]y negligent, reckless man
ner in which 'b,ir affairs are generally managed
Let but Fly rogue Of a clerk, or cashier. OF
stock agent, ,nsrstiate himself into the good
sccs OF the prop ietors Of commercial .s,ab
iisl mcnt or the directors Of bank or rail DAD,
and let him put on the sanc'imonious lo,k,
ard adopt the pious sDifae, and he may.
az things go, by watching his opportunities veil
and exercising little ingenuity ia covering up
his trucks, Iry upon the funds at dlscredoa-
When be comes TO balsnce the ledger at the end OF
The year OF half car be has but TO add on or take
of cipher here and there, and make the balance
appear TO be exactly as he chooses That godly
man, Lionel Rodpatb, adopted that plan and found
IL eminently successful We doubt not that he
has many pious ipitators In this aud The other
commercial cities of the Union.
The attempt might perhaps be attended With
some rink, II there was that close, keen-eyed in
t.llisent supervision OF affairs In large concerns
which people generally suppose there Ia But
there il bot Frequently directors and presidents
are elected, who, however ketn and cunning they
may b. In making investments and managing bo-
sinsss generally, have not that cLsr-hcadedness
and intellect which would enable them TO
master the most complicated accounts and
detect error or fraud In them They
NUT be, to q greater or less extent depen-
dent on the honesty Of their employ "a; and II
wood ses m that hopetty Ia In thi. A reg .rd-d
a. an unremunesahvc virtue. Therefore II 10
that the instances Of emb xzlcmcnt srs 70 hume
rouA They viii cesse TO be 60 when she heads OF