At last the stars came out, and I started for a long walk alone up Broadway to Fifth avenue and into the Park. Since that Park was formed few men have ever passed its walks in whose bosoms raged such a tumult as in mine. I was young, in love with pleasure, and poverty seemed a fearful thing. I kept saying; "I cannot do this thing!" and then I would add: "How am I to keep up appearances, and how am I to pay my debts?" Unhappily, I had taken an enemy into the citadel. In the misery of the struggle I drank heavily.

In my excitement I exaggerated my poverty until it seemed impersonated and assumed the guise of an enemy threatening to enslave me. From 8 o'clock to 11 I paced that mall, and then left it to keep my appointment with Irving & Co., with one thought surging through my brain, and that was that I dared not be poor, the result being that before we parted, to their renewed question: "Will you do this for us?" "Of course I will!" I cried, and my feet had slipped a good many steps further down the Primrose Way to death.

Bidwell's Travels, from Wall Street to London Prison — Part 19

[Illustration: BURNING RETURNED BANK NOTES.]

Bidwell's Travels, from Wall Street to London Prison — Part 19

[Illustration: IN FORT LAFAYETTE, NEW YORK HARBOR.]

Bidwell's Travels, from Wall Street to London Prison — Part 19

[Illustration: IN FORT LAFAYETTE, NEW YORK HARBOR.]

The present generation has become tolerably familiar with defalcations and robberies involving enormous sums. Previous to 1861 they were comparatively unknown, the reason being that the currency of the country was strictly limited. There were absolutely no Government bonds or currency, while the few bonds issued by corporations were not usually made payable to bearer, and, therefore, were not negotiable, and were of no use to the robber. But in 1861, to meet the expenses of the war, the State banks were taxed out of existence and our present national currency system came into being. In addition to the enormous issue of greenbacks, bonds payable to bearer, amounting to hundreds of millions, were issued by the general Government, by the individual States, counties, towns and cities, all becoming popular investments. Patriotism, and profit as well, led banks, corporations and individuals all over the world to invest surplus funds in bonds, those of the Government being most popular of all. The various issues authorized by act of Congress were known as "seven-thirties," "ten-forties," "five-twenties," etc., these terms denoting either the rate of interest or the period of years, dating from the first issue, wherein it was optional with the Government to redeem them. Everywhere, at home, in the theatres and public resorts not less than on the Exchange, were heard animated discussions about "seven-thirties" and "ten-forties." The business of the express companies of the United States took a new phase, and for the first time in their history they began to be the carriers of vast sums from city to city.