Vermont phÅ“nix. [volume] (Brattleboro, Vt.) 1834-1955, 1857-11-07
THE UPS AND DOWNS OF LIFE.

The New York Herald gives the following
among other instances, of the change effected in
the life of business men in that city by the late
commercial revulson
"Among the persons that have been obliged
TO suspend recently was Mr. C. the great do
mestlc dry goods dealer. This gentleman came
to this city poor man thirty or forty years ago
since which time, by industry, proby and good
business tact he has built up an immense trade
which extended 10 every State In the Union
AT one time, ii is sad he had ninety mills in op-
Grafton in different paris of the northern States,
and millions OF dollars passed through his hands
yearly. Had the times continued good all would
have been well with him but when the pres
sure came he unfortunately could not realize on
his assets, and so was compelled to suspend. Mr.
c. Immediately set about economizing, and
he very properly began with his household, He
had a fine house in the most fashionable quarter
Of the city, a country seat up the river, and all
the appurtenances of wealth and luxury sur
rounded him. These he determined at once to
dispense with, and last week he removed his
family 10 a neat two story house in the 7th ward,
where he proposes to reside until he is able TO
pay his debts. In the meantime the following
significant sign may be seen on the portals of his
late rcsldence-''I'o let, Inquire of - G.,
No. - street. LoungeIs in Broadway might
have noticed. few days siuce, handsome
equipage, consisting of fine carriage and mag
nifcent pair of horses good for three minutes
any time, driving up and down Broadway, with
the omnous word on placard, pendant from
The horses side-'For Sale This equipage be-
longed to Mr. c., who thought it much more
honorable to pay his debts than ape a splendor
which his present position did not warrant. This
is one instance of a man who, but few days
since, directly or indirectly, employed over 1Oo,-
600 people, whose note at bank would command
any amount, and who kept one of the most mag
nifcent establishments in the city. The exigen-
ces of the times have stripped him of all these
but withal, Mr. C. maintains his own self-re-
spect and comments himself to the high consid-
Grafton of every honest man.
But there is a still greater reverse Of fortune
to record. Among the persons who first yielded
to the financial cmbarrassmenis was j. r,
an exceedingly wealthy banker in Wall street.
This Mr. r was known all over the country.
He undertook the most gigantic enterprises on
his own account, and until his failure succeeded
in all Of them. lie astonished all the other bank
ers, by taking the whole of the last State loan
(Sl 500 000) on his own shoulders and paid the
money with apparent ease lie published bank
note detecior that every one quoted as authority,
and there was no end to his reputed wealth.
Unfortunately Mr. +, when the Ohio Life
and Trust went down, went down with it. Since
which time Mr. + has kept clear of Wall
street. A few days since gentleman came 10
this city who wished to see this famous banker
on private business. He went 10 his former Of
fee in Wall street, and was there informed that
Mr. r was now at No. - Greenwich street.
Thilher the gentleman proceeded and inquired
for Mr. T., the banker.
"What Mr. T---p" said the man in the Office,