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The Daily Dispatch: October 6, 1863., [Electronic resource] 2 0 Browse Search
The Daily Dispatch: October 13, 1863., [Electronic resource] 1 1 Browse Search
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Extensive Spindling Operation. --The moneyed portion of our community have received a severe shock within the past few days, from a Southern operator, of great business capacity, who has feathered his best and is now no doubt, safely ensconced within the Yankee lines. A man, called J P. Livingston, and claiming to be a member of the large and well known firm of J. J. North & Co., commission merchants, Savannah, Ga. arrived here a short time since, and professing to be largely engaged in the blockade business, set about buying gold. European exchange. Northern drafts, &c.; drawing, in payment of the same, either on Savannah, of Columbia, S. C., as preferred by our private bankers. His house having unlimited credit here, he very soon succeeded in negotiating for $150,000 with one firm, $75,000 with another, $37,000 with another, $32,000 with a fourth, $25,000 with a fifth, and so on, till getting as much as he wanted, and then decamped for parts unknown.--Some of the drafts, f
, and pent it freely on the soldiers and all other benevolent objects connected with the war. He did everything on a large scale, and met with wonderful success in insinuating himself into the confidence of others. So far as we know, there was no suspicion against him up to his departure for Richmond — a place which he visited frequently — a few weeks age. Hearing that he had absconded, some of our good-natured merchants and bankers began to cast up accounts, when they found that ten or twelve persons had been in the aggregate sum of a little upwards of four hundred and twenty thousand dollars ! His operations in Richmond are given in the dispatch, and there is no telling what they were elsewhere. We looked upon Livingston as a shrewd, but clever and liberal hearted man, and we are most reluctant to regard him as a scoundrel; but the evidence is the istible. He married a daughter of Mr. J. J. North, of county, and took his family with him. He has probably gone to Europ