Commercial Frauds

Perhíips the most lamentable circumstance in connection with the frauds and failures that have liappened during the last three years is the faot that it seems possible for a man to be guilty of ahnost any delinquency in regard to money, and yetretainhis social position, if hisdishonesty be only on a sufficiently large scale. To give an instance in point : A man carne to a friend for a loan of $100,000, and the friend, wiih very great difficulty, managed to oblige him. Within a few weeks the borrower failed, having meantime settled largely on his wife, and his Eailure caused the ruin of the lender. Not long since the latter observed to a 'riend, with great emotion, "I have experienced to-day the greatest insult I ever had in my life. That fellow P., wko ruined me, positively had he audacity to ask me to drive up own in his carriage, which, with its liveried servants, was at his office door." The P. 's are reported to "live delightfully," and their dinners and paries are greatly in request. The head of another flrm, which failed at over (!,- 000,000 not long ago, and haven't paid one cent on the dollar, lives with similar elegance. As long as the doers of sucli deeds are exempt from social ostracism commercial morality will remain what it s. - ATeu' York Sun.