New-York daily tribune. [volume] (New-York [N.Y.]) 1842-1866, 1864-07-26

"A man who hal Travelled at railway speed forty years
prior to the birth Of George Stephenson MS grea,es
feat in this respect ride IRON Hutton TO LONDON
back TO Hilton and thence 10 London gam tue Wnoic
distance being 2s5 miles, which he periormeu-ia,e
Aprl 20 l1i5in ~ hours or at the rste OF very ne.ry
Q miles hour. This is donbe the speed OF cer,alh
brannew metropolitan line which We WIZ not turner
describe on which we had the misfortune 70 tiaVei
few days ago. which took two hours and nan 70 oarr
= over 20 miles Of ground 1t must be saH however
Lat Mr.. Cooper ThornhilPs rapid locom' non was re-
nrled something absolutely wonderful IN hs Gay.
rho road over which he passed on the fnefnothoe -e
II April ncd with spectators almost over Iis en-
tire nth. ard the ragclor received WIN sueh On
husiqsic huriahB as II lie had been great KING or
man who had killed ,housands-wlat people cal cor
auefor mezlo iiut print of tire FUNGUS exp'os j.
still preserved at The Bell Inn. q. liiltoa.
Tho MeGsrs COGits az tic period here shetcneu $1,000
by 20 alone In being hHth barcIs ara eorhic-
tors Messrs Fairholme Of Edinburch. whose DanEihg
house had long beer eminent also corn Ieaos on
large scale; and 80 were the firms o. torgSee, -a1
colin & Co.. Arhn,huot GlihrioHiibson x liosE llu
many Others The only honses at Edinburgh century
ago. who confined Themselves strictly 70 BANKING VIZ
he two firms II Mansfield g Co. and Wiiiain Cup,,i;
The fornder q the first named house conmon, onnlu
"OlG James NensGcld" began NE VI y very hnnlpe
way. little draper in back street from "icu 10
cg.ty be emerged es dealer in buls OF e1chhl,se
This Tod 70 more extended money transactions, ending
10 the establishment o banking house q me hiSI &C.
lehriiy in Scotland. The iirl OF Mausleh. Ramsay
Co continued to b. OF tie highest cniineuce I'll rV'
when II merged It's memo into Ramslys. bonars CO.
In similar manner the clearinghouse Of Cunning rose
tho first, kept cloth shop in Parliament Close. which
HIS son ard heir, " ilau converted into G counting
house. where he confined himself entirely to the trade
in bi,, aud money with mnch success. that alter
opc-probahiy also haId-life. be died the posscsscr
Of very considerable fortune. These individual *
emp'cs show tho differences IN INC or6ln OF the prhei
pa English and the pr ncipal Scotch banking firms.
II was the ldlurc Of many of their corn ana Other
specnlatoas which opened az last the c os al tho mem.
beers Of the frm OF COuts Company 10 tie value of
banding rs tire throughout most Profitable OK their
nccuraiipns. The personal experience OF Mr.. james
Cont.s the Oh John, The hosptaDic Lord 3royost,
did much ~ accelerate tho accomplishment oi Is de,
sign. M james Cogt's. who had never been oul OF
Scotland, went visit to some friends N London, III
AG-usi l5ai and Willie ihoTr fell IN loye with Young
danscl called Miss Poly PeGgIiIn. neco OF George
CAV pbe banker IN the Strand. Aher bu. few weeks
courishp Poly got welded 10 james, and tue event
was followed hy he r'rance 81 the bridegroom into
the firm OF Campbell heDceforih called Campbell d
Couits His London experience soon showed james
Cog,is that banking wa bcstor than eoindeaing even
when taken In connection With smuggling tea ana
brandy and he advised his friends in Scotland accord
inc,s. Perhaps the advice would not have Dcch SO
nuickly taken bnt for some simultaneous warnings In
II shape Of mercantile disc sors. Tho partners Of The
Scotch irl ~ Couts Co., among whom was ROW oir
William Forbes aud Dir. Hunter the Litter Ncr3 en-
telprsing man. undertook yarioul operations which
iiey did not undslf'and, With the consegrnncc-to
usc an expressive c5..oGuial phrase-to "bnra Their
fncfru"
considerable cost. but when AL was ready. discovered
lbs, they could not make paper aud hal to consigh
their imperfect produce 60 America whence they learn
through their agent "thas the printers 81 Tie newspa.
rrrs lad ughi VI the paper. JccaaSe they coi
NOT End any Of bsisor quality. and tho ap0thecaries
hal bought the ret bccnase they could hot find any
worse" Not more Fortunate, then. IN pipernaSng
woro the partners IN lead mine speculation. Ihry
SINK cold hn, got no lead In return; aud though the
phenomenon mi M have been explained, IN pa. steal
ser-e b. TIE fct that gold ismuch heavier than lead
and n consequently have ruch greater tendency 70
sinking tho adventures had but little comfort nom IT
ui they kept tie wise resolution u Keeping henceorth
to booking. giving mp al Tie other branch 0cenp .rs
crea snlrgs.ing. This was about he year l''O ana
me movement was followed by q number OF ohor Scotch
hoi.c. previously devoted 10 trading speounliols AS
well ~ 6inkihg Probably tho number thus starting
into sencc al u once. was too greet Tor there soon
cafne 4. tremendous crash Which 0scr;opp.od onr-ha
of he new bankers The disastrous event IS Sudden
Is IA earthquake II st.i vel remembered n Scotland.
and generally spokcn ~ ~ "the Black Monday -
namely. tie tta Of June. l,,2
lThe Railway News (Eng)