The Allen House; Or, Twenty Years Ago and NowArthur, T. S. (Timothy Shay)
General
The Allen House; Or, Twenty Years Ago and Now
Arthur, T. S. (Timothy Shay)
American fiction -- 19th century; Conduct of life -- Fiction
It stood just forty-eight hours from the date of this prophecy, and then
closed its doors, leaving our neighborhood poorer by the disaster over
two hundred thousand dollars. There was scarcely a struggle in dying,
for the institution had suffered such an exhausting depletion that when
its extremity came it passed from existence without a throe. A Receiver
was immediately appointed, and the assets examined. These consisted,
mainly, of bills receivable under discount, not probably worth now ten
cents on the dollar. Three-fourths of this paper was drawn or endorsed
by New York firms or individuals, most of whom had already failed. The
personal account of Ralph Dewey showed him to be a debtor to the Bank
in the sum of nearly a hundred thousand dollars. The President, Joshua
Kling, had not been seen since the evening of the day on which the doors
of the Clinton Bank were shut, never to be opened for business again.
His accounts were all in confusion. The Cashier, who had succeeded
him on his elevation to the Presidency of the institution; was a mere
creature in his hands; and from his revelations it was plain that
robbery had been progressing for some time on a grand scale.
As soon as these disastrous facts became known to the heaviest sufferers
in S----, the proper affidavits were made out, and requisitions obtained
for both Dewey and Kling, as defaulters and fugitives from justice.
The Sheriff of our county, charged with the duty of arrest, proceeded
forthwith to New York, and, engaging the services of detectives there,
began the search for Dewey, who, it was believed, had not left that
city. He was discovered, in a week, after having dexterously eluded
pursuit, on the eve of departure for England, disguised, and under an
assumed name. His next appearance in S----was as a prisoner in the hands
of our Sheriff, who lodged him in jail. Very heavy bonds being required
for his appearance at court, there was not found among us any one
willing to take the risk, who was qualified to become his surety. And so
the wretched man was compelled to lie in prison until the day of trial.
Immediately on his incarceration, he sent for Mr. Wallingford, who
visited him without delay. He found him a shrinking, cowed, and
frightened culprit; not a man, conscious of rectitude, and therefore
firm in bearing, though in a false and dangerous position.
“This is a bad business, Mr. Wallingford,” he said, on meeting the
lawyer--“a very bad business; and I have sent for you as a professional
gentleman of standing and ability, in order to have a consultation in
regard to my position--in fact, to place myself wholly in your hands. I
must have the best counsel, and therefore take the earliest opportunity
to secure your valuable services. Will you undertake my case?”
Public-domain text, read in full here on John Shaqi.
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