We were told that this island was purchased several years ago by a colonel who married a rich heiress.  The place was believed to contain valuable clay and other productions; and a firm of bankers, having begged the colonel to become one of their directors, allowed him to draw whatever amount he chose.  Believing himself to be possessed of unbounded wealth, he built a superb house and laid out the grounds in splendid style, giving all sorts of expensive entertainments.  At length the bank broke, the bubble burst, and the unhappy man was reduced to the extreme of penury, while numbers of unfortunate people who had invested their money in the bank were ruined.