'You are quite mistaken,' said Asmodeus, 'if you believe we are in the midst of a mixed crowd, such as that denominated the demi-monde in the French capital, and not tolerated, as yet, at private receptions here, or at places of public resort. To be sure, what is called the social evil unfortunately exists in New York, as in the large cities of Europe; but it keeps aloof from decent society. It is true, that such is the discretion of corrupt females, it is often impossible to distinguish an honest woman from one who has lost her chastity. Of course I do not speak of those creatures so deeply fallen into habits of corruption, that they shrink no longer from exhibiting their degradation. Perhaps we shall have an opportunity of visiting the backgrounds of our civilization, where those wretched creatures live. For the present, I must set you right concerning the standing in society of the guests of this house.

'Most of those men, who so often appreciate the good things served around by the waiters, are wealthy merchants, lawyers, and physicians. I even recognize among them a few magistrates and legislators. They have accompanied their wives; and some, even, have brought their daughters to this dreadful house, where some unfortunate woman is, perhaps, dying in the upper story, and paying with her life the violation of nature's laws. Some guests have come through curiosity, attracted by the splendors of a residence opened for the first time to the gaze of strangers. Others have availed themselves of the opportunity of gayly spending here a few idle hours, and do not trouble themselves with the Amphitryons' respectability. Lastly, many guests did not deem it safe to decline Madame Killer's invitation; for that Thug of society holds in her hands the honor of hundreds of families, and it would be dangerous to arouse her resentment. A single word from her lips, some well-concocted story, would bring on awful scandals. She could, for instance, apprise yonder husband, so attentive to his wife, that the latter, during the two years he has served his country abroad, has applied to Madame Killer's art to remove the consequences of an adulterous intrigue. That young man, who has just inherited a large estate, and seems so much enamoured of that light-haired young lady, might learn, tomorrow morning, through an anonymous letter, that the fair beauty, instead of spending, as he believes she did, the summer months in the country, had secreted herself in Madame Killer's hospitable house.

'Undoubtedly, the dread of some awful revelation has brought here many persons, as out of five hundred invited guests only a few do not attend Madame Killer's soiree. But I am far from believing that they would not have come, under any circumstances, even had they been free from fear of personal consequences. Madame Killer is wealthy, and nobody cares about the way she has obtained her wealth. Whoever is worth one million dollars, no matter how acquired, honestly or dishonestly, is welcome everywhere, and his soirees and receptions are attended by the best society. I see, for instance, talking with Madame Killer, a merchandise broker, whose name was given to a ship launched this very morning, and who would be shut out of decent society in any other country. Three years ago, he failed to the amount of two or three millions of dollars. According to his balance-sheet, he could pay fifty cents on the dollar. But, when his book-keeper joyfully informed his employer of such an unexpected result, "Change it, by all means," exclaimed the broker, "my creditors do not expect even fifteen cents on the dollar, and were I to give them fifty, what benefit would I derive from my failure?" And he paid ten cents only on the dollar.

'Near that honest broker—who has become wealthy in consequence of that transaction, and at the same time a man of importance, being now a director of a trust company, and other concerns—see that young man, wearing side-whiskers, after the English fashion. His light hair and blue eyes denote his German origin. He is an exchange broker, and made two hundred thousand dollars last year in this quick way: Pretending to have realized large profits in stock gambling, he succeeded in inspiring such confidence in the president of one of our most respectable banks, where he kept his account, that his checks were indiscriminately certified by that officer. One check for two hundred thousand dollars was in that way certified, and the money had just been paid out to a compeer, when the directors of the bank discovered that the adventurer had but a small deposit in their hands. He failed the next day, and the president, who had rashly caused a heavy loss to the bank, blew out his own brains.

'The guest who is making his bow to the lady of the house, was formerly secretary of one of our railroad companies. The stock had gone up one hundred per cent. above par, on the strength of the manager's report, exhibiting the prosperous condition of the company's affairs, when an over-issue of stock, to the amount of two millions of dollars, was detected. To satisfy the public clamor, the secretary and another officer of the company were discharged. But all inquiry respecting this stupendous fraud was indefinitely postponed. The discharged employés of the company now live in high style, and give parties, which their former employers, the directors of the railroad concern, do not fail to attend.

Next to him, that dandy, who is talking with a gentleman whose beard, though he is a judge of the Supreme Court, might grace the chin of a musketeer, is a wealthy banker's son. He is fresh from the State's prison; and, strange indeed, the magistrate he is speaking to, is the very one who sentenced him—perhaps, because of the pressure of public opinion, which must, after all, be taken into consideration. Our dandy, when his father retired, became sole manager of a banking house, and attempted to double, in a few weeks, the wealth his father had toiled thirty years to accumulate.

Discarding legitimate speculation, he gambled at the Stock Exchange, which soon swallowed up the money and other deposits confided to his keeping. Then he became almost crazy. To keep up his credit with our banks and procure resources—and led astray by the hope of realizing profits large enough to make up his losses—he became a forger. He imitated the signatures of his correspondents, his own friends, in fact, of everybody in town; and, one morning, the people were startled in reading in the newspapers that forged notes, amounting to several millions of dollars, were flooding the street. The young man was sentenced to prison for a term of five years—one for each forged million! as remarked the wag who is now talking with him.'

'How is it he is out of prison?'

'That is precisely a point of American law which deserves a passing notice. Most of the State governors are vested with the pardoning power. When the exercise of such a prerogative devolves upon State legislatures, corrupting influences are less to be apprehended. A single individual may be coaxed to pardon by his political friends, or even bribed. But money, and political connections, are of little avail when one has to deal with one hundred legislators. In New York State, the legislature has no control over the pardoning power, which is vested exclusively in the governor. The family and friends of that youth represented his crime, stupendous as it was, as the first he had ever committed. Its enormity was represented as a proof of temporary insanity—the great argument, now-a-days, of our lawyers—and he was set free by the governor, after remaining a few months in prison. He shows himself again among the wealthy classes, and is as kindly received by them as he would have been had he never forged notes to the amount of several millions of dollars—so deeply-rooted in the American people is the feeling of tolerance, and especially when those who are the objects of it are millionaires, or in a fair way to become so.'

* * * * *