The post. [volume] (Middleburg, Snyder County, Pa.) 1864-1883, 1870-04-07
A "East" I.itc--The Irretrieya.
bic ruin OF Youth.

( fashioned village of true New Eng
type, with its single and shaded street
quiet almost to lonliness, church o
two with scattered cemeteries. nov
and then q store, scattered iatm-hnusrs
the inevitable p'st Office, hotel an,
bridge to which list but few publ,
buildings eau hc added. There were
however Il town house and bank it
the village. In this secluded plac,
JuniuS Dee first saw the light in ahor
the year lS)S. and in giving him ma.
terni;y his mother gave her life T,
the father this was most severe. The
boy, however, survived his mother
and as h. grew up the whole of IL,
love aud affection of the remaining pa.
rent wcr, lavishcd upon the child
Time passed, and the youth was found
at school a bright, quick, active. anG
intelligent pupil. Every attention wa
bestowed upon his education. Al
fourteen he was clerk in the bank o'
the village of which his father wa,
cashier. lie was found to be we'll fitted
Tor such a responsible place, pariicu.
larly as he was exceedingly rapid and
correct in his calculations. Ailcr four
years of duty there, both father and sou
we're called u enter baukng house
in a larger and more thriving town, il
the capacity respectively Of coshicr and
teller Here both remained about i've
years, and both could have staid many
years mor) with profit To thcmsclvc.
ani satisfaction to all jnccrncd, had
il not been that the young man was
ambitious Of going into business lur
himself in the city. The father was
10th to have him GO, but after rcpcated
Solicitations. aud having au opportu.
nifty TO form partnership with an old
and trusted banker friend, tho two
went into The banking business in New
York under the nime aud firm If Burr,
Dee & Co.
All prosperei, and after a year OF
two of success the two senior partners
who had gone into the arrangement
more 10 secure the firm establishment
Of the younger member upon u sure
aud safe foundation than for any other
reason, wsthdrew, anl the whole busi
moss fell into the hands u! the Junior
partner. Bu incss continued prosper
aus. He bought and sold millions AT
the brokers board Tie more he had
to buy and sell the more easy it seem
ell for him to do the business entrusted
to him. Very rapid, unlccountably
accurate in all his transactions, the
president OF the board of brokers once
said of him that there was not one Of
the great number oi the members Oi
tine board VIII, could equal him. lie
would buy Erie of numerous parties,
in rapid succession. - the price, often,
being attached the fractional parts OF
cent {; but his accounts were the iir'r
to be ready. and always he the most
correct. aud that, too, without the aid
Of pen or paper. One day II stcno-
grapic.rcportcr was secretly employed
to record all his transactions, aud be-
lore the reporter could write them out
young Dee had his accounts correctly
made up, greatly to the astonlshment Of
all who were iu the secret
lie grew rich, and alas, as he grew
rich. reckless. Wealth Id to wine,
wine to women, aud fast horses ani
gambling followed In fact, TO cX
press it rather indignantly, the young
man went it with II rush for II time,
Indeed, he seemed determined to see
how much aud how iOolishly he could
spend. ln a drive to the Central PARK
he has been known TO spend $500
lie wouli get the best team and order
the driver 10 allow none TO pass h'm
llc would stop ut the most fashionable
saloons on the route aud indulge in
the most costly wines. Money was
easily made aud more easily expended
Aud he seemed TO think it wouii al
ways be so. But there is Just where
he was mistaken Few meu are ahl'
to stand dissipation OF :he character
here indicated for any length Of time,
and Dee could not indulge therein
without affecting himself as well as his
business.
Depositors became suspicious,
friends warned, and many withdrew
their deposits aud securities, while
others, either ignorant Of his course
or still having faith in him, permitted
theirs TO remain. Bat, too late, they
found their confidence had been he.
trayed. Not satisfied with using his
own money, or that not being sufficient
for his demands, he drew from the
immense sums with which he had been
entrusted, perhaps honestly believing
at first that he would be able To re-
place them when needed, until he had
run through in year a million and II
half of dollars. But tho terrible mo-
meutnm he had forced upon himself
could not be overcome. More aud
more rapidly he went down, until all
hope of retrieving the losses he had
cntailed upon his friends was useless.
His father. himself wealthy, en-
deavorcd to stem the food, throwing
in his whole fortune, but the current
was too powerful, and it was swept
away forever. Uoreisnting creditorv
pressed their claims the young man,
knowing that il was usefsS to try aud
satisfay them-io uvsA Arrest and i'm
prisonnent, acd ihe couotry, and now
roams u fugs,ive 10 a foreign land. :
rha Iaihnr nnsaalIv u,.iayad n lha