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Updated: May 6, 2025
In the exercise of those callings which are deemed lawful by the society, two things are insisted upon: first, that their members "never raise and circulate any fictitious kind of paper credit, with endorsements and acceptances, to give it an appearance of value without an intrinsic reality:" secondly, that they should be particularly attentive to their words, and to the punctual performance of their engagements, and on no account delay their payments beyond the time they have promised.
"Well, and is that all you have got to say?" she asked with perfect coolness. "What has all that got to do with me? Even supposing it were true, what then? Have I ever advised you to practise dishonest courses? Have I ever prompted you to dishonour your acceptances, or cheat your customers, or pile up money by fraudulent practices? Really, you'll end by making me quite angry!
We have, however, certain reason to fear he has not any great sum of money on hand; and it is absolutely out of our power, at this time, to supply him, or to say, with certainty, when we shall be able to do it. He is instructed to note his acceptances under the draughts, and to assure payment as soon as we shall have it in our power to furnish him, as the only substitute for money.
Moreover, he reflects that he has never had any instructions to pay the acceptances of Jay and Adams, nor has had any ratification of his payments; neither had he "ever received a syllable of approbation for having done so. Thus I stand charged with vast sums which I have disbursed for the public service without authority."
This event so totally unlooked for by those who had had dealings with him, at once brought his financial condition to light. It was found that he had been really insolvent for several months past. The day after his departure a number of his acceptances became due. These acceptances proved to be four in number, amounting to exactly forty-two thousand dollars.
Having succeeded so well in all his ventures, Mr. Drew now determined to enter another field. Railroad stocks were very profitable, and might be made to yield him an immense return for his investments, and he decided to invest a considerable part of his fortune in them. In 1855, he endorsed the acceptances of the Erie Railroad Company for five hundred thousand dollars.
I said to myself, do these ladies and gentlemen yes, three males are in this inquiring group do they think we are a people so apart from all others that we require a separate and distinctly different social code; that we know nothing of the law governing the size, style, and use of the visiting card; that congratulations, condolences, are unknown rites; that invitations, acceptances, and regrets are ancient Hebrew to us, and calls, teas, dinners, and dances are exalted functions far above our comprehension?
Thou wilt be ready to say it is an easy matter to speak of these things on paper; but believe me, my dear brother, I know a little of what I say. There was a time when I was as extensively engaged in business, according to my means, as you are now. I have had large sums of acceptances to provide for, with nothing towards them but what was in the uncertainty of the drapers' hands.
Hence it follows that the first and second demands are at once fully met; for, if we are indeed faithfully seeking and finding the Eternal whilst living as all sane men and women must do in closest contact with the Particular and Fleeting, our acceptances and our renunciations will be governed by this higher term of experience.
Did Grimaldi, in his best days, ever do anything in this way equal to Da Costa? The mention of this latter justly celebrated clown reminds us of his last piece of humour, the fraudulently obtaining certain stamped acceptances from a young gentleman in the army.
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