Among the first to yield was the greatly extended house of Floyd,
Lawson, Lee, & Co. The news came up on the wires to S----, with
orders to stop the mills and discharge all hands. This was the
bursting of the tempest on our town. Mr. Dewey had gone to New York
on the first sign of approaching trouble, and his return was looked
for anxiously by all with whom he was deeply interested in business.
But many days passed and none saw him, or heard from him. Failing to
receive any communication, Squire Floyd, who had everything
involved, went down to New York. I saw him on the morning of his
return. He looked ten years older.
It was soon whispered about that the failure of Floyd, Lawson, Lee,
& Co. was a bad one. Then came intimations that Mr. Dewey was not in
New York, and that his partners, when questioned about him, gave
very unsatisfactory replies.
"Have you any notes of the Clinton Bank, Doctor?" said a friend whom
I met in the street. "Because, if you have, take my advice and get
rid of them as quickly as possible. A run has commenced, and it's my
opinion that the institution will not stand for forty-eight hours.
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