, 1866-01-21


adopt similar custom. They make second
or third loan to some borrower with the
flint hone that they may thus ensure the pay
nent of the previous oues. To refuse would
impctil Ill chance Of recovering anything, ,and
20 they contiue until convinced of The entire
horele: sness of the case. Until thus coz
yinced, they adopt the "dodsing" plan.
r1NAacHR1sa.
This plan of demanding additional invest
u,ents 10 secure previous ones Is Carried TO a
preater extent than might be Imagined Ey-
cry cntfrprise Of q dubious character Is thus
holstefed until the last dollar Is wruug from
the stockholders. / tnye IN mind at the
nn.seut moment . mining. speculation, In
Which recently had the beuelt Of little In
struction at some cost The men who mao-
AGED II were Of the mos& uudonbted re-
spectabilfty, and the scheme WAS 1udorsed by
several members Of Congress, Al Ex-Governor,
and others OF more or less note At first only
certain suu was to be raised to put the
whole thing in Its proper condition. This
WIS secured, and then more, more, and
more, nnti1 evcrybody interested was more
deeply interested Than he wished to be. Then
the affairs Of the concern were shaky, and It
wns necessary to advance additional funds to
eayethe previous investments. 4 week later
there was another call for suns that tmust be
forthcoming or everything would be lost.
Even these did not bring aafety and the stock
holders in the concern would now be happy
to sell ont ut discount Of ninety-nine per
cent. No one would purchase ever. at this
rate
ADvESTURERs.
. The last steamer from Aspinwan brought q
number of gentlemen from Montana, Idaho
aud Nevada, whose mission Is to sell
mining property aud organize stock compa.
nles for working the same This delegation
is not the only one, as the hotels have been
Ix,fr uSt c3tr tfr- -ntoa foy.
time. They are drawing money i1 limited
quantities from the pockets Of verdant New
Yorkers, but complain that the newspapers
have assalled them md prevented the success
they expected. They think 1t very unklnd Of
the press to treat them thus, and refer to the
thc resources OF the territories and enr1chfng
the whole country. I doubt not that you
haye many Of these adventures in Chicago
who will not thank NE for this paragraph. A
friend who Is Just from The territories referred
to, informs me that not one enterprise in a
hundred Of those offered, or to be offered in
the Eastern market, are either legitimate oE
honest. EXPERIENCED is dear school, but 1t /:
q good one, ind perhaps 1t may DO well to al,
low those who have too much money, to 1ose
some Of 1t in " developing mining property
LYCEuM LECTURES
Eight or ten years ago one Of the popuial
means Of amusement md instruction In New
| England was course OF lectures from dIa
tipgu1shed or undfstInguished speakers. Thf;
was not confined to New England alone bui
extended throughout most portions Of the
| North. Beecher, Bayard Taylor, and mnnJ
lesser lights were In active demand from tht
first fall Of SHOW In late autumn until the
coming Of spring. Fifty, to q hundred and
l fifty, and sometimes two hundred dollars c
| night were paid to the orators, who general
II managed to count up handsome sum o
money Us tho proceeds OF their winters work
I recollect hearing q lecture On the occ1sio1
Of it's hundred and forty-seyenth delivery
and know that It wns listened to for three
score times after thnt- To attain little rep
| utatfon for notoriety, which Is the same
| thinE(, md then write lecture, was sure
| way to comfortable support.
In these latter years, lyccum lectures have
fallen In tho public estimation, though they
! n1c by no means obsolete. Many places thai
formerly thought 1t impossible to exist unless
content without it. The speakers of lesser
! note have left the field, and only few Of the
most noted and most experienced find IN ap
preciable demand for their services. Beechel
hns abandoned the business. save IN d few in
stances, and Bayard Taylor finds his Invita-
tlo9s far less frequent than Of yore. Anna nm.
appeared before tho public, and Chaplin is al
moet forgotten. The speakers most IN de-
mnnd At the present time are thost
| whom teccnt events have rendered
prominent: William Lloyd Garrison
met with fine success during his recent toul
throughout the North and West, and Is still
audiences. Schuyler Co1far, with his lccturt
"Across the Contiuent,n is finely patronized
everywhere. He recently filled Cooper 1usti
tute, In this city, to overaowiug, feat thai
| Is not always easily accomplished. John B
Cough never fails to gather large audiences
| I NM fS% hot h1
seen any dim1nutioD In the patronage Of tht
| gin palaces In the vicinity of hi5 Lecture
room. From some cause the war lectures aEe
not meeting with fine success, save in q few
noDEsrr ususuA1.
| The recent loss of tue propeller Mary A
Boardman has been made widely know
two pilots, at great risk to themselves, rescued
the passengers Of the stranded ship Just befor
she went 10 pieces. Now that the story /
well under way, one OF the men publishes
card announcing that he Is not pilot, bu
only boat-kceptr, and declaring that b
before the public. This is an occurrence Q
ktoo little frequency. Who ever knew nf a
officer Of our army or navy Tor ofany other) t.
make correction when he was addressed b,
title above his RINK, or fill to extend th
proper information II some one happened Il
l0nh nun TOO low! E<speCtAlly LII tAls CltJ y
New York, where vanity Is the most highl,
honored attribute, few persons would thinl
to make IN explanation, as this honest boat
keeper has done. can only account for thi
nuns conduct on the ground that he know
very 1lIue VI the eustorno Of city Gfe. % b
| spends most OF his time In cruising beyoni
Sandy Hook, and makes his Residence whel
On shore away from the honuts Of fashion
SOUTHERN TRADE
There Is large number of Southern mcr
the old status. They desire to return to th
plan Of long credits for purchases, and ar
much surprised at tho change that has COM
war. As general thing the New York house
are run on the cash system. I say generally
for there are many who overstep the bound!
Of prudence In their desire 10 secure trndt
md give their customers more or less time
On their purchases It IL to be hoped that tht
custom will be kept In as narrow limits a:
| possible. Business operations (always except
Ing the spcculations Of Vail street) were nev
er on better basis In New York than at pres
| ent. A return to the credit system would mol
| be TO our advantage
| CREDENTIALS.
| In the old times, before 81, and even as low
down as '55, there were many curious fea
tures in the system Of traffic. Some one teals
story OF man entering the establishment
! u ~
| proprietor. That Individual was pointed out
| 'tMy name," said the stranger, "Is John
Smith, of smithville, Smith county, Michi
gan, and I am doing business there. want
10 buy fifty thousand dollars worth of goods,
| Six months time"
! Notioninc bis visitor to seat, the mer.
! chant goes to his confidential clerk In the back
| Office.
"Mr. Brown, please look at the map o.
| Michigan"
"Yes, sir" is the response. and the map Is
*Pe $Ps;S,s Sso find Smith county,"
eAnd do you ind smithville!''
I "Ycs; it is the only town In the county
] The merchant returns to his visitor, and
with the b1nndest possible smile, says:
Eve have examined yonr credentials, Mr
| Smith, and find them entirely satisfactory
We will sell you goods, at six months, to any
amount.''
The above may not be literally tsne, but Il
| is not so great m exngreratfon us many per
sons might imagine / have known tr1nsac
| tions but little less absurd.
| ID; LIDELs.
The papers this morning are filled with the
details OF a libel case against Sunday sheet
| TINT Is not worthy Of mention by name II
any respectable journal. Several libel suit;
have Been brought against this partfcu
| 1ar paper but II hns usually managed to es
cape without punishment. It Is the pcculla,
province OF It's proprietors to deal In matters
that are not GENERALLY narrated in decent pub
lications. Ii would be greatly to the advan
tuse Of public mornls 1t some outraged clti
zen could obtain verdict for heavy damage:
and hold the concern in wholesome fear in The
| future.
Two or three Of tho dailies have libel suit:
on hand ut the present time, but none Of tht
cases are likely to be Serious KINGSTON
THE RAILROAD FREIGNTS.
The Ecneseo Conventton-Lettcr from
Hon. r. v. V.EuAtace-TheTFue IkemetJ
The vEh1Akcy Tux.
D1sos. H.. July H. 1866.
8. b. Whitney, Esq., Tissulwa, Bureau Co., ILL.,:
| DEAR SIR: Your letter of the 9th instant
| fnrtfinn ma In intend The cnn YcntIOn 1hnut II