The Pacific commercial advertiser. [volume] (Honolulu, Hawaiian Islands) 1856-1888, 1870-05-14
A Fast" Life-The Irretrievable Ruiz
of Youth.
From the Springfield Republican.

From the Springfield Republican,
Nestled in one Of the numerous picturesque
valleys of Berkshire is an old-fashiOned village oil
true New England type. with its single long and
or two, with scattered celhetetfIes;' now and then a
store, scattered farm houses, the inevitable post.
office, hotel and bridge to which list but a few
public buildings can be added. There were,
however, Il town-house and 4 bank in the village.
In this secluded place Junius Dee first saw the
light in about the year 1923, and in giving him
maternity his mother gave her life. To the father
this affection was most severe. The boy, how
ever, survived his mother, and as he grew up the
whole of the love and affection of the remaining
parent were lavished upon the child. lime
passed, and the youth was soon found at school,
a bright, quick. active, and Intelligent pupiI.
Every attention was bestowed upon his education.
At fourteen he was clerk i'm the bank Of the vii
lage, of which his father was cashier. lie was
found to be well fitted for such Il responsible
place, particularly rs he was exceedingly rapid
and correct in his calculations. After four years of
duty there, both father and son were called TO
enter a banking house in a larger and more
thriving town, in the capacity respectively of
cashier and teller. Here both remained about
five years, and both could have staid many years
more with profit to themselves and satisfaction to
all concerned, had it not been that the young man
was ambitious Of going into business for himself
in the city. The father was 10th to have him go,
but after repeated solicitations, and having an
opportunity 10 form a partnership with an old
and trusted banker friend, the two went into the
banking business in New York, under the name
and firm of Burr, Dee Il Co.
All prOspcred, and after a year or two of sue
GEES the two senior partners, who had gone into
the arrangement more to secure the firm stablish-
ment of the younger member upon a sure and safe
foundation than fosany other reason, Withdrew,
and the whole business fell into the hands of the
Junior partner. Business continued prosperous.
lie bought and sold millions at the brokers'
boards. The more he had to buy and sell the
more easy it seemed for him to do the business
intrusted to him. Very rapid, unaccOuntably
correct in all his transactions, the President of the
Board of Brokers once said Of him that there was
not one of the great number of the members Of
the Board who could equal him. He would buy
Erie of numerous parties in rapid succession, to
the price often being attached the fractional parts
Of a cent but his accounts were the first to be
ready and always the most correct, and that, too,
without the aid of pen or paper. One day a
stenOgraphic reporter was secretly employed to
record all his transactions, and before the reporter
could write them out young Dee had his accounts
correctly made up, greatly TO the surprise of all
who were in the secret.
He grew rich, and alas, as he grew rich, reck-
less. Wealth led to wine, wine to women, and
fast horses and gambling followed. In fact, to
express it rather indignantly, the young man
went it with a rush for q time. Indeed, he seemed
determined to see how much and how foolishly he
could spend. In a drive to the Central Park he
mas Deen known 10 SpenQ S0UU. lie would get
the best team, and order the driver to allow no
one to pass him. He would stop at the most
fashionable saloons on the route and indulge in
the most costly wines. Money was easily made
and more easily expended. And he seemed to
it would always be SO. But there is just
where he vas mistaken. Few young men are
able to stand dissipation of the 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 and securities
while others, either Ignorant of his course or still
having faith in him, permitted theirs to remain.
But, too late, they found their confidence had
been betrayed. Not satisfied with using his own
or that not being sufficient for his demands,
he drew from the immense sums with which he
had been entrusted, perhaps honestly believing at
that he would be enabled to replace them
needed, until he had run through in a year
4 million and a half of dollars. But the terrible
he had forced upon himself could not
be overcome. More and more rapidly he went
down, until all hope of retrieving the losses he
had entailed upon bis friends was useless.
His father, himself wealthy, endeavOred to stem
he food, throwing in his whole fortune, but the
current was too powerful, and it was swept away
brewer. Unrelenting creditors pressed their
; the yonng man, knowing that it was use
ess TO try and satisfy them-to avoid arrest and
imprisonment, fled the country, and now roams a
fugitive in 2 foreign land. The father, MORALLY