I was once employed to track an absconding bankrupt and hand him over to the tender mercies of a criminal court. There was nothing in the case, as it appeared on my instructions, to distinguish it from a host of other cases. It had not even the merit of difficulty to lend it interest. I made sure of catching my man with little trouble, as I did, and as I will point out. The affair, however, took a rather curious turn in the sequel, as the reader will perceive. The bankrupt had been a trader in Liverpool. He had not been in business there more than ten months, but had contrived, during that short period, to contract debts to the extent of 84,000_l._ I don't know in what line he traded. I believe in many, or in all lines. He professed to be a believer in homely saws, and the philosophy they embody. He would not object at any time, he said, to turn an honest pound in any way. He therefore bought all that came within the range of his credit, from rags and hempen fragments to jewelry, and from tallow to diamonds. I don't know where he traded to especially. I believe that he sold more in the home-market than abroad, although he talked largely about consignments, bills of lading, &c. If he had a skill for getting credit, he had a genius for disposing of goods. He was also an expert at what is called hypothecating,--a process which, for the unenlightened, I may explain to be as like pawning as any one thing can be like another. A peculiarity of his business was, that he always bought on acceptances, and for credit; he always sold for cash on delivery. Hence he frequently, if not always, traded at a loss. He was sometimes so unlucky as not to be able to get half as much in cash for things as they had cost him in bills. Such trading as this, the reader may think, would soon come to an end. It is quite clear that such trading must end in bankruptcy and ruin to some one, or to more than one. It is not, however, so sure that this mode of carrying on business would overtake ruin speedily. Our American bankrupt lasted ten months; and it is the opinion of many well informed persons that he might have gone on for three or four years if he had calculated well, and held his ground boldly. How was that to be done? Easily. There is a process which I have heard scientifically described as "widening the ratio." That would have done it.