This was very satisfactory to me, though I knew nothing about the cotton cloth speculation at that time. If I had, it would have saved me a great deal of trouble. This was in February, 1844. There was a note of his lying over, unpaid, in the Exchange Bank in Hartford, of two thousand dollars. I had moved a few weeks before this to New Haven. In the latter part of February, I went down to New York to see if he could let me have the two thousand to take up the note; he said he could in a day or two. I told him I would stay till Saturday. On that day he was not able to pay me, but would certainly get it Monday, and urged me to stay over, which I did. He took me into a large establishment with him, and, as I have since had reason to believe, talked with parties who were interested with him, about consigning to them a large quantity of tallow, beeswax and wool which he owned in the West. He told me that he had some trouble with his business, and that all he wanted was a little help; he said he had a great deal of property in New York State, and that if he could raise some money, he could make a very profitable speculation on a lot of wool which he knew about. He told me that if I would give him my notes and acceptances to a certain amount, he would secure me with the obligations of Henry Martin, one of the best farmers there was in Dutchess county. He also gave the names of several merchants in New York who were acquainted with the rich farmers. I called on them and all spoke very highly of him. I thought, there could be no great risk in doing it, for my confidence in Frank was very great. I thought, of course, this would insure my claim of eighteen thousand dollars, but it eventually proved to be a deep-laid plot to swindle me. Frank had no notes or accounts that were of any value; they were all bogus and got up to deceive his poor old father and others. He had no property shipped to South America. It was all found out, when too late, that he had ruined himself by gambling and bad company, often losing a thousand dollars in one night. He was arrested, taken before the Grand Jury of New York, committed to jail for swindling, and died in a few months after. He ruined his father, who was a very cautious man, ruined three rich farmers of Dutchess county, and came very near ruining me. It was a sad history and mortifying to a great many. I was advised by my counsel, Seth P. Staples of New York, to contest the whole thing in law. I had five or six suits on my hands at one time, and it was nine years before I was clear from them. What he owed me for clocks, and what I had to pay on notes and acceptances and the expenses of law, amounted to more than _Forty Thousand Dollars_. Nine years of wakeful nights of trouble, grief and mortification, for this profligate young man! There never was a man more honest than I was in my intentions to help him in his troubles, and I am quite sure no man got so badly swindled.