Notwithstanding the amount of his "bills payable," Mr. Halfacre considered himself a very prudent man: first, because he insisted on having no book debts; second, because he always took another man's paper for a larger amount than he had given of his own, for any specific lot or lots; thirdly, and lastly, because he was careful to "extend himself," at the risk of other persons. There is no question, had all his lots been sold as he had inventoried them; had his debts been paid; and had he not spent his money a little faster than it was bona fide made, that Henry Halfacre, Esq. would have been a very rich man. As he managed, however, by means of getting portions of the paper he received discounted, to maintain a fine figure account in the bank, and to pay all current demands, he began to be known as the RICH Mr. Halfacre. But one of his children, the fair Eudosia, was out; and as she had some distance to make in the better society of the town, ere she could pass for aristocratic, it was wisely determined that a golden bridge should be thrown across the dividing chasm. A hundred-dollar pocket-handkerchief, it was hoped, would serve for the key-stone, and then all the ends of life would be attained. As to a husband, a pretty girl like Eudosia, and the daughter of a man of "four figure" lots, might get one any day.
{was out = was a debutante, had been presented to society}
Honor O'Flagherty was both short-legged and short-breathed. She felt the full importance of her mission; and having an extensive acquaintance among the other Milesians of the town, and of her class, she stopped no less than eleven times to communicate the magnitude of Miss Dosie's purchase. To two particular favorites she actually showed me, under solemn promise of secrecy; and to four others she promised a peep some day, after her bossee had fairly worn me. In this manner my arrival was circulated prematurely in certain coteries, the pretty mouths and fine voices that spoke of my marvels, being quite unconscious that they were circulating news that had reached their ears via Honor O'Flagherty, Biddy Noon, and Kathleen Brady.
{Milesians = slang for Irish (from Milesius, a mythical Spanish conqueror of Ireland); Miss Dosie = Miss Eudosia; bossee = humorous for a female boss; coteries = social sets}
Mr. Halfacre occupied a very GENTEEL residence in Broadway, where he and his enjoyed the full benefit of all the dust, noise, and commotion of that great thoroughfare. This house had been purchased and mortgaged, generally simultaneous operations with this great operator, as soon as he had "inventoried" half a million. It was a sort of patent of nobility to live in Broadway; and the acquisition of such a residence was like the purchase of a marquiseta in Italy. When Eudosia was fairly in possession of a hundred-dollar pocket-handkerchief, the great seal might be said to be attached to the document that was to elevate the Halfacres throughout all future time.
{marquiseta = presumably the residence or palace of a Marquis}
Now the beautiful Eudosia—for beautiful, and even lovely, this glorious-looking creature was, in spite of a very badly modulated voice, certain inroads upon the fitness of things in the way of expression, and a want of a knowledge of the finesse of fine life—now the beautiful Eudosia had an intimate friend named Clara Caverly, who was as unlike her as possible, in character, education, habits, and appearance; and yet who was firmly her friend. The attachment was one of childhood and accident—the two girls having been neighbors and school-fellows until they had got to like each other, after the manner in which young people form such friendships, to wear away under the friction of the world, and the pressure of time. Mr. Caverly was a lawyer of good practice, fair reputation, and respectable family. His wife happened to be a lady from her cradle; and the daughter had experienced the advantage of as great a blessing. Still Mr. Caverly was what the world of New York, in 1832, called poor; that is to say, he had no known bank-stock, did not own a lot on the island, was director of neither bank nor insurance company, and lived in a modest two-story house, in White street. It is true his practice supported his family, and enabled him to invest in bonds and mortgages two or three thousand a-year; and he owned the fee of some fifteen or eighteen farms in Orange county, that were falling in from three-lives leases, and which had been in his family ever since the seventeenth century. But, at a period of prosperity like that which prevailed in 1832, 3, 4, 5, and 6, the hereditary dollar was not worth more than twelve and a half cents, as compared with the "inventoried" dollar. As there is something, after all, in a historical name, and the Caverleys [sic] still had the best of it, in the way of society, Eudosia was permitted to continue the visits in White street, even after her own family were in full possession in Broadway, and Henry Halfacre, Esq., had got to be enumerated among the Manhattan nabobs. Clara Caverly was in Broadway when Honor O'Flagherty arrived with me, out of breath, in consequence of the shortness of her legs, and the necessity of making up for lost time.
{owned the fee...falling in from three-life leases = i.e., Mr. Caverly owned farms in Orange County that had been leased out for long periods (the lives of three persons named at the moment the lease was granted) but which were now about to revert to him—such long-term leases, in the Hudson Valley, led to the so-called anti-rent war that was breaking out at the time Cooper wrote this book; twelve and a half cents = an English shilling, still often used in conversation in America; nabobs = rich men (usually businessmen of recent affluence)}
"There, Miss Dosie," cried the exulting housemaid, for such was Honor's domestic rank, though preferred to so honorable and confidential a mission—"There, Miss Dosie, there it is, and it's a jewel."
{preferred = promoted}