The Texas Republican. [volume] (Marshall, Tex.) 1849-1869, 1868-05-09

FIRh.-In 1914 the great kvoceSy
house Of Denison Bsldes, Of New
York, Allied. This w1s . most ~
expected nisfortans, for they we're
IN old and extensive concern, and
wsrs supposed to b. rich. They
numbered among their clerks two
brothers Of Ane personal sppcaranes,
easy manners, and Of established
honesty. They were popular sales
men, and being very ambitious they
determined II once to commence =
small jobbing trade on their own sc-
count. Accordingly the new fra Of
J. K. 4 y. b. Place appeared among
the merchants Of New York. Tho
efforts Of these young men were arst
to live and pay expenses, which they
did and more than that, they got .
good name for promptnsss and basi
mesa ability, and their trade Increased
until they began to make money.
Things ran on for ten years, and the
firm got rich, and At the commence
mont Of the war they werc TO b
found in Broad street, among the
heavy operators. All dealers In
groceries now made eaormous profits.
Some men made more money in one
year than during all their previous
lives. Among others the Places
operated heavily and made enormous
sums, enough, indeed, to have turned
the heads Of two plain North River
mon as they had been. AT any rate
they now moved into Front street,
the grand center of the trade, the
grocer mart, where goods are hand
led by the cargo, and hero their sue.
cess still continued. They purchased
real estate, they commenced sugar
refinery and they moved invoices Of
tea, coffee, and similar goods with ~
much ease ~ In former days they pat
up = petty bill for eoun,ry merchants,
In 1866 tho Places were At their
highest point Of success. They own
cd houses in the Fifth avenue they
had cash in tho bank 10 heavy de-
posts they had enormous quantities
Of goods, and though not any year.
old they were worth u, 600, 900 all Of
which had been made in less than
twenty years. II was . time OF ex-
pansion, When wisc men were pro.
dieting n storm, and were taking in
their canvass but the lucky MGR.
chants thought they bore = charmed
life, and no they held their onward
way. Suddenly came = collapse.
Sugar fell At fearful rate for hold
ers, if not for consumers, and they
held great quantities. Coffee also
fell tea foil and in this way
splendid fortune wasted away. The
Places were not men to publish their
losses, and no ono knew tho extent
Of their misfortunss. Their credit
was a. yet unimpsircd, aad they
made use Of II with the hops Of re-
pairing their losses. This EFFORT was
IL vain the worst Of their fears were
realized, and In The fall Of 1867 tho
commercial world vas astouadsd BY
the failure Of this ones eminent
house. They met their creditors with
tue ASSURANCE that their assets we're
suiicient to meet their dsbts, Bat, ~
is common in sssh great fsilsrsa, The
losses increased, aad the result Ia
general ruis.
Old jobs McDonough, u New
| Orleans, devoted a third Of his life
70 the preparation Of bis sisgslar.
will, add even took the trouble and
bore tho expense Of consultation
vi,h eminent Ps,isias advocates,
whose approval Of his dispositions
W. = sosros Of great eonfort 70 hin.
His will was carefully written out BY
himself, in the most elegant ese
axsct style, with his naae ssbsssteed
al the bottom Of every paFe, and ~
writing made 70 Rll the sheets. 70 =
to leave no margin or sPacs fst -
ter linsation. Il was embraced IL
forty pager Of foolscap, and bsstds'
the minute and elaborate aiFsstioe'
in regard to the execution q ht
proposed grand charity, vas inssr
landed With pious reflections ~
. sentiments which, whom read OCT Il
court, gave il the nppesrsaes Of
F.; sermon more than Of formal tsee.
meat. For many year, before b
d..th he used 10 rub his hands Wit
4 plce. aud bis handsome sAcs voeI
1 brighten Up with pride sad ell
. qualifications whenever he Fssssssd
- that great Instrument which was
. carry hin down to remote Postest'
b tho bsnsfastor Of his ags. II
}. elaborate ssd most studiossly pr
u pared will vas torn al to Pssess !
y The courts and lawyers, asd u
y grand estate intended to bDsss ~
8, elevate generations Of the poor ..
Of uufortunsss vss squsndsssd IN Il
II most reckless aud Improbable ma
in ner, aud u this dag nce sss Of 7
ID many objects which wore soatsaPl
. ted 10 hia charitable dispcsttieas b
Il. been realised, save tho srsrttoa OF
Of cheap msasoIsum In which 10 aspo
70, his vemains.
IFs
ire Fifteen or twenty littls ssllc'
in four or avs yssrs old, had . fsns'
ID, pvocsssioa, ssrnos, and oil, = Co
m. ine, N. r., Iast week, ovtr ~ b
IN. Of q dsfsset rat. Rev. Mr.. Nik
lhs boy preached the scrmos, asd
lue editors son took notes asd sspor
: II tAs cersnosiss.
; i Mrs. Harry Thomas, = lady Of
old Louis, walked ainety tive nalss
, TO twe.ty. thrss kssvr and . half, .
ius Il hsif-psst IL o. Issst
she started 70 walk oas hund
~ niles In twenty -four houS1, but
mes ID. q show. ehs will nats ano
'o"' trial.
n . --.--~----~----1-.-'- yrr---
Isrn An old bashslor in Nsv Yorl
ling fsrsd . yessg Isdy . peay sbs
,srts shs esvs hin shs kia; b rsf
- is her The pesy; sAs sssa bin
how pIeadsA 20 conaidssAaSse !
eau court decided that tte ~ .
ken. considssstiss, sad made Nh ~
they over"
vhst I------
kept A he inpsashnese 49, y .
~. :" closed, wasiisston i filapg Up
. oaes. sssksss, u vhen tasr
Nv shs.cs "a ~ = erss1 rnsh
sfsss p,e.;Ssst Ws1e. = - = h
,ssis. s.S,rsssd.