He had, as he thought, got to keep this an entire secret, because if known it would ruin the credit of the Company.

When these extra drafts and notes of Terry & Barnum were added to the debts of the Company, he was obliged to resort to various expedients to raise money to pay them.

This led him to the exchange of notes on a large scale, which proved to be a great loss, as many of the parties were irresponsible.

There was a loss of thirty thousand dollars by one man, and I am sure that there must have been more than fifty thousand dollars lost in this way.

He was also obliged to issue short drafts and notes and raise money on them at fearful rates.