As I have said, I come to the close of Hiram's first year. I wish I could stop here. I go on with that reluctance which I invariably feel when recording what must add to the repugnance with which we all regard Hiram's character.
The engagement between Hiram and Miss Tenant had been made public. The time for the marriage was fixed at about the first of July--only six weeks distant. It was a period when Hiram felt he could leave town most conveniently for his wedding trip. The preparations on Emma's part were ample as became her family and social position. She was very happy. She loved this young man, and believed he loved her. Hiram was good natured and agreeable, and did all in his power to exhibit his best qualities. The result was that he was very much liked by both Mr. and Mrs. Tenant, and was already quite domesticated at their house.
During the spring there was a great deal of speculation in certain leading articles of export. The house of Allwise, Tenant & Co., having first class correspondents abroad and enjoying large credit, advanced more liberally than was prudent. It was the younger members who decided to go largely into the enterprise. There came a panic in the market. Several leading houses in London and Liverpool failed, others in New York followed, and among them Allwise, Tenant & Co.
It proved that this firm, though eminently sound and above board, was not as wealthy as was generally supposed. Its high character for integrity and honor, and an existence of near forty years without a reverse gave it great reputation for wealth and stability.
The blow was sudden and effective. The capital of the concern was wiped out of existence, and the individual property of the partners followed in this wake of destruction.
Hiram, like others, had overestimated Mr. Tenant's property. The latter was nevertheless a rich man for those days, and worth over one hundred thousand dollars. By this reverse he was penniless.
Hiram was on 'Change when he first caught the rumor of the catastrophe. His position with regard to the family (for his relations with it were now well understood) made it difficult for him to make many inquiries, but he hastened to his counting room and despatched a messenger to Hill to come to him forthwith. Hill was prompt, and having been carefully charged with his commission, at once started to execute it. He came back duly.