It is wonderful, we have said, how rapidly a downward course is sometimes run. In the case of Mr. Graham, many circumstances combined to hasten his ruin. It was nearly a year after he had given way to the regular indulgence of drink, so far as to be kept almost constantly in a state of half-intoxication through the business hours of almost every day, that he received news of the loss of a vessel richly laden with teas from China. At the proper time he presented the requisite documents to his underwriters, and claimed the loss, amounting, on ship and cargo, to one hundred and twenty-five thousand dollars. On account of alleged improper conduct on the part of the captain, united with informality in the papers, the underwriters refused to pay the loss. A suit at law was the consequence, in which the underwriters were sustained. An appeal was made, but the same result followed-thus sweeping away, at a single blow, property to the amount of over one hundred thousand dollars. During the progress of the trial, Mr. Graham was much excited, and drank more freely than ever. When the result was finally ascertained, he sank down into a kind of morose inactivity for some months, neglecting his large and important business, and indulging, during the time, more deeply than ever in his favourite potations. It was in vain that his distressed family endeavoured to rouse him into activity. All their efforts were met by an irritability and a moroseness of temper so unlike what he had been used to exhibit towards them, that they gave up all idea of influencing him in despair. A second heavy loss, of nearly equal amount, altogether consequent upon this neglect of business, seemed to awaken up the latent energies of his character, and he returned to himself with something of his former clear-sighted energy of character. But his affairs had already become, to him, strangely entangled. The machinery of his extensive operations had been interrupted; and now, in attempting to make the wheels move on again, it was too apparent that much of it had become deranged, and the parts no longer moved in harmonious action with the whole. The more these difficulties pressed upon him, the deeper did he drink, as a kind of relief, and, in consequence, the more unfit to extricate himself from his troubles did he become. Every struggle, like the efforts of a large animal in a quagmire, only tended to involve him deeper and deeper in inextricable embarrassment.