The Texas Republican

The Schuyler Fraud -A New York correspondent of the Boston Transcript, noticing the Schuyler failure and fraud in New York says:

Mr. Robert Schuyler was well known in Boston, doubtless from his extensive business relations, his family connections, and the circumstances of his collegiate education. He was graduated at Harvard University in 1817, in a class remarkable for the talents of its members, as it included among others, George Bancroft, S. A. Eliot, Rev. Dr. Stebbins, W. Tyng. (of St. George's Church, New York,) Caleb Cushing, and I think the late Lynde M. Walter, the first editor of the Transcript. Stephen Schuyler was of the class at Cambridge in 1820. These gentlemen are grandsons of General Schuyler of Revolutionary fame, and nephews of Alexander Hamilton. Their father married for his wife the daughter of a distinguished physician of Eastern Massachusetts, and their relatives are well known in financial and literary circles in Boston. In addition to the vast sums of money raised upon railroad stock it is reported in Wall street to-day that upwards of a hundred thousand dollars in advance upon railroad iron have been diverted to private use, so that the grand total of funds misapplied reaches to the enormous sum of $2,305,000.

"In regard to the social life of Mr. Robert Schuyler, family reasons, it is said, induced him to propose to his lady love a secret marriage, and separate establishments in town. They have recently lived in different houses in 22d street. More than a quarter of a century has elapsed since this arrangement had been made by Mr. Schuyler, and such had been the manner of his life, that his most intimate personal friends thought he was a bachelor. Some months ago, one of his daughters being about to be married to an Episcopal clergyman, her true name and history were told her lover, before final arrangements for the wedding were made. We often hear it remarked that every house has a skeleton in it, but in a house where years of concealment have been practiced, there must have been a skeleton in every room. The cards of Mrs. "Spencer," signed Mrs. Schuyler, and published in the Tribune, was thought by some to be a hoax, but it is doubtless an authentic document. When will our people learn the potency of silence in case of trouble? I always had a respect for Job's friends who did not bore him with their gabble when they found him in deep distress."