, 1875-09-15


in England NJ the Example oi 1t.
dtnn NAbobs-1n4tncAs Career 0f
Alexander Fnrttyees
r,rnRaLrr Srn1sas r. Va, August, 1S75.--7o
dte Editor of he h"tc lorE tribune; n she
change Loudon}. by Johh Francis. find tho
following hintorJ Of occurrences OF 1D Eelrs
ago It reads AZ Il written Of our own f'n'c:,
Tho cziBH Of l77a baH boen entirely over'ookod
BY ti,oso who have bestowed thetr thoughts upon
elch al1nincte. IL lind its oI7gln i'll variety OF
circumstances, Int the excttlng cause wnH the
fs,lute of tho bspk OF Doug ASA Heron l. tt'..
established IL 1862. Il was the period 'hen tho
contrthuted to the wealth, Of England
Immense snms wero accumulated In q few
muuthe. Largo purchases of laud were
un4io q. high prices All tho early af.d ia.o i.s
symptoms Of speculation ucre 0pparcns. Ino
vast forsunca brought homo wern osIonta'ioualv
dlaplayot 4 contempt for tho Bfow eans of
trade, feveriHh e1ci,cmont- ant m n'fsn'of7oa1'
bic impateuce to be rich marked tI.f rctluu. rl..
Tho nAbobs were not tltspnRct to hltlo Lheit
wealth under a bushe. They bought mas1lin-
cont mansions, and m'Eeook astahtatlen u!
tnntc. They raircd tho prices Of az aIsc1es ol
sonsumption They Ns6e ;a1 rosa teir 70 pcke % @ psr
t1oeds naro told OF them; a';d the snro"a
pcasansry ehutldercd Al tho rnasniso ea!ringe
rolled by, which held tho nsan whose wealth haa
bcen obtained at the c1pensN o. Ms n1any,
Tic popular opinion Of tue char1csef; aliL tic
nahnb Il commonly represented M man with
bid liver and blnek heart. scott. With MS es-
s}uisite conception Of the numerous. Makes ons
Of his characters define 1anob Az '0'e Who
comes frae foreign pasts, with ulA1r sii!er ehAu
his uouches ca,l nold ~ yelfo. as oranges, aud
1nsun lsc u tLing hid ain gate
For thstv years tl!o public "ns filled With
iuoressions OF their wea1th md crimes: at,ti 40
latc rs twenty years ago, Lord Give "as de.
bcribed tu tue writer as keeplug memorials OK
lis snilt u = box beneath bis bed, and ~ having
destroyed hi1ushlf because hlh past enofhttles
woro too great fer lils conscionco to boar. Tho
drama the story, md tho poem "aso colofed
with their eccentlicitieB; while neNbrspess
occasionally recorded facts which marked shat,
iu some It lcaat, hne sonrrosts aas
oyer uf these things was to make money plenti-
{uf raise ap,sft ot emulation and thirst for
gold. In addition to this, the bankinR-honse OF
Douglass. Icrcn X Co. circulated 1ts rapef "lta
a freedom Witch had an effect upon the Iopula-
tiou OF Scotland remembered to tho pfcsent dag.
Discounts for time were plentiful. Bllls pre-
eautod By farmers and accepted " nlnwnlon,
ware readily cashcd. As is usnaf in these days,
tho d4rh1nE character maintained BY
ass M bank aurscssd those whu should hayo
known better mud many of those who
boastctl OF their fcroniglt, laid for their pst-
sumption. In LII lhe result Of thu recA!eas
trading was apparent; and Douglass, Ior"n d
c., faueu Tho shock was selt throughout tbs
Empire Tile Royal Bank OF Scotland tottored tn
its tsae: tho banklng-hotleos Of England shook
with nuil-croundcd fear; aud tho krcnt corpo,,,
ration Of tho Bank VI England was bcsct on ula
sijeB tor asa,stanca. hut from uono more yoho-
monty than frota Mr. Forlyco. OF tue holss
OF Neal, Forascs d Co., tr1n Which,. from
its position, tho importance assumed by 1ts
partners. and the known succets OF some or 1ts
epeculst,ons, WAS generally supposed to bo be-
youd SUSPICION. TITO career OF thb tnAh Who
titus CT a7ed asnlstancc was somewhat out OF tic
ordinary way OF his craft, and may pcFhape.
prove interesting. as toe skotch OF gu sd-
ysnturor IN whoss power 1t lay to mako or mar
the fortunes intrusted to him and alao as
spectmen OF Tho uode in winch tta StocA E1.
chaugo il sometimes ro,orted TO by baakeEs with
the balances of their customers.
.Broa hoser et Aberdeen. Alexander For
d5co found the North too confined for any OF
&ensiva opesations, and, rapairinR to l4oudon ~
tho only place worthy h6 genius, obtained eu,~
ptuyrncnt - clerk In . city hanking-honss.
Krsat attention to DnslueBn. aLd ross to tho post
ot Junior partner In tho firm Of ltotfes. Neal II
james. Bckrcely had he bceh thus established
ere he began to speculate In tbs Alloy "a and gen.
esally wilt marked 6uod fortune: The devil
tcmp;s youna eiunors With sncccBs;t and III. FOR
a,ct, thinking his lack would ba perpetual. VEN
tussd for suula whlcl tnTolsod his own cnarac-
tsr and Ius psrtuots' fortune. The game was
with him laa Rania waa constantly On th# rise i
aud, for. unsto ~ daring, ho was ouabfed to pur-
chase la gs estate, to support grind appear
ance, to nurpasa nsbobB in extravaganco and
pagyenues In folly. He uhrkod tho matble
with his name upon church which hc osten-
tatioun!Y bu,lt. Ills ambition We'd with his
oxtsafagance. and Lis sxtraYaSAuce kept pace
with his a,up''ion. Tho Aberdeon bower spent
THOUSANDS IN Attempting to bteonse Senator,
married woman Of title !; tnale tine settle
mont on her Lidyship; purchased es.Ates in
Scotland at \ fancy value built hospital |;
and founded charities in the place Of whlel, le
cha0go came ovcr hin fortunes. Bnno political
oYenta first shook him. sensible blow was