The Sun.
London, England, 1825-04-04 00:00:00

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rrifu SUN
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SO !.E9l QUIN DICER 1. LS I' .11

I4ON DON,
MONDAY EVENING, APRIL 4, 1825.

We really do not admire the extraordinary
eagerness to make fortunes of a sudden, which

seems to have seized not only the avowed money

rnal;ers of the city, but also the truly respect

able and wealthy class of merchants and bankers
of the metropolis, it is both disgraceful to them
in their profession, and humiliating to them as

The loss of a few hundreds to such
men nuly be nothing, but similar losses oc-
casioned to their clerks, and men of less solid
fortunes, draw with them a train of calamities

men.

of %%lila it is impossible to see the end, at

plunge into the very deptlis of misery families
which might otherwise have flourished in happi-

ness and respectability ; and even at the best,
should the speculation prove fortunate, it only

occasions additional cupidity and expensive

habits, and to gratify both these tastes the
system is followed up until one unlucky ad-

venture overturns the fabric and brings down
inevitable ruin. 1 f the wealthy cannot
withstand the allurement of adding by easy

means to their riches, how can they expect that
those who are dependant upon thetn should evince
more virtue. We make these observations with-
out the remotest intention of applying them to
the Gentleman connected with the Company

mentioned below in particular, but to all specu-
lators in Companies in general. We were led

into them from having been informed that
to-morrow the shares of the Rio de la Plata
Agricultural Association are to be thrown
into the market. Mr. BARBrIt I.3r‘UMONT is the
projector of this company, which certainly ap-
pears to us as one of the very few that have

been introduced after due consideration as to
the prospect of loss or gain. A Member of a
newly established Banking-house at the West

end of the town is also interested to a large

amount in the shares already disposed of. Such,
we understand, has been the eagerness with which

shares in the Company were sought after, that
although the number is limited to six thousand,
no less than fifteen thousand have been ap-
plied for ; of course we may presume, then,
that the subscription is now full. In our Pa-
per of the 17th March we said that such a
Company was forming. Its objects were then
shortly detailed. Now that its shares are about
to come into the market, we think it right
to call the attention of the public to a few
facts connected with Agricultural Associations.
It is perfectly well known that a Company is at
this moment in existence for the cultivation of
the waste lands in the colony of New South
Wales. This Company is called the Australian
Agricultural Company. Its capital consists of
one million, divided into shares of 1001. each. It
is so far under the protection of the Government,
that it has been incorporated by Charter from the
Crown, and empowered by Act of Parliament.
A very great portion of the land from which
its profits are to be derivcl, is obtained by
grants from the Crown GRATIS notwithstand-
ing the Company
may acquire lands by pur-
chase. The ad vantage of the labour of
the convicts transported to New South Walec
is also secured ; and the Act of Parlia-
ment declares that no dividend shall be paid
on the shares of the Company till 21st June,
1826. With all these advantages, shares in
the Company are now at a premium of 30.
The Rio de la Plata Association consists
of a capital of 300,0001. divided into shares
of fifty pounds each. The land from which
the profits of the Company are to be derived, is
not within the dominions of the Crown of

England, neither can the Company expect to
acquire property in any way but by purchase.
We do not deny but that the prospects of the
Association are good, and that a fair and reason-
able profit may be derived from its speculations,
but we think the success of the Australian Com-
pany a very fair standard from which to judge of
the likely success that will attend any other
Agricultural Association. The constant varia-