The daily exchange. [volume] (Baltimore, Md.) 1858-1861, 1859-03-07

a credulous ndvidual--one THOMAS JEFFERSON
BYLEs, of Odessa, Deaware-who was ready to
embark very small amount of money-one hun
dred and fifty dollars-n the enterprise. From
the tone of the correspondence, it is apparent that
Mr.. BYLEs soon discovered that he had been most
egregiously cheated, for he writes to O'BRIEY,
threatening to indite paragraph headed ssLook
'out for the scoandre and publish it in the news
papers, and wondering EFF General SCOTT would
| read It." From this we infer that DR.. FEyToy
aIaas U BREN, had been Boosting of his intimacy
with the Commanderin-Ch Chief to the innocent Dela-
warian, who closes his indignant letter by asking
the sharper, with a sneer-'Ewhere are those ten
| per cent bonds, the house in Brooklyn, and the
five thousand dollars worth of stocks (fancy)?
echo" says Mr.. BYLEs, ANSWERS whereof but
Mr.. ByLEs is certainly unphilosophical in this
Echo, if it responded at all, would have answered
fancy" and the point and correctness of the re-
spouse would under the circumstances, have GER
tainly justified the impernence of the poz ct pre-
terea niha. We don't know how DR.. FENroN alias
Captain O'BR1EN finally got rid of his victim, but
we hear no more OF the former until October 1858
when W. X. EvERsoN-who appears to have failed
| in business in Indianapolis, and to have compro-
missed with his creditors by turning over to them
lot of bad liquors of his own concocting-in-
forms his ''friend OBRIEN that he (EvERsoN)
thinks he could do something nice" if he had a
few thousands in hand and asks if it is possible TO
obtain THAT amount of second-rate bank paper or
''passable Wild Cat" as he could make it tell. ~
''can, writes EvERsoN Furnish brandies of the
''niac, Sgnette, in original casks custom house
mark, certificate, &c, and l defy the ID to
'detect them" And ''now, Old Trump" says
this clever gentleman, ''you know you and are
''the bowers, can you assist, or shall turn it
'down, go it alone, or how?' What the reply of
cold Trump was, we may gather from the cor
respondence which took place few months later,
and by which it appears that EvERsoN had given
up his liquor business. and was cooperating
O'BRlEN, WELLS, and a person by the name of
BEARDsLEE who dates his letters from ST. Louis
IN organizing the Farmers and Drovers' Bank of
Petersburg, Indiana" The whole scheme was
adroitly managed, and only failed, at the moment
OF putting it into operation, through the over con-
hdence Of O'BRIEN and WELLS The appearance
of the notes was unexceptionable The village
newspaper, the Petersburg Reporter, announced to
Its readers the fact that ''two gentlemen, by the
'name of WELLS and o. RIEN, from Philadelphia
Pa, are making preparations TO start Bank in
''this town." The Daily Milwaukee Necs pub
lished favorable notice of the Farmers and Dro-
vers' Bank of Petersburg; "Dyes Wall street
"Detector and North american Money Guide"
quoted the 'Farmers and Drovers' Bank of
Petersburg, Pike County, Indiana" in its
list of sound Indiana Banks and this too.
several weeks before the Bankers ATTEMPTED
to commence operations; s'Paddocll's Detector''
would also-if BEARDsLEE is to be beeved-have
reported the new Bank as of good standing, if a
draft had been sent to the publisher in time; while
HATCH, Bros, & Co., of Iowa City, addressed a
letter to WELLS and O'BR1EN, proposing TO give
1.-THE new currency circulation in Iowa" Fortu-
natey for the public, just in the very nick of time
when the conspirators had most reason to conrrat-
ulate themselves upon their prospects of success
suspicion is aroused; the Marshal of Illinois poup
ces down upon them and consigns them, ignomin-
lously, to the Calaboose. The bubble has bursted
at the point of its most magnificent initiation: but
It is stated that there is no law TO reach such
'-'i'Nes, anu 'hiil All appllcalOn mas already been
made for their discharge, under writ of haJeas
corpus. The whole history of the transaction is
however, a curious and instructive one, and if the
lesson which it teaches, and the moral it CONVEYS
are properly understood and appreciated there
will be more care exercised in future by those who
are in the habit of receiving this sort of country
paper, and more discrimination observed in the
choice of those periodical notifications which GRO
known as Bank Note Detectors