Martinsburgh gazette. [volume] (Martinsburgh, Va. [W. Va.]) 1810-1825, 1825-04-28

~ 1879
Rail Uay Speculations.-The follow
ing remarks of Earl GRoyENoR, in the
British House of Lords, on the LIST of
March, show bow easily it is for a man
to amass .Hmeuse wealth, by any ia
%youIite speculation of the day. AS the
attention of the Capitalists of this eoun
try has been called to the same subject,
by the unexampled success of these
speculations in England, we think it
would be well to inquire, whether most
Of the fortunes made by these under
takings were not of the same descrip-
don, and just about as substantial, as
that said to have been acquired By the
noble Eari.
81 have risen, my Lords, to trouble
your Lordships with a very few words
upon a subject, the most irksome Of all
-one's self. 1t cannot be unknown
to your Lordships, tDat great Railway
speculations have been going on, and
also that other new Railroads are in
contemplation, in which ], among many
individuals, have been charged with pro-
fitting by in various ways. My Lords,
it has been confidently stated, but with
how little truth you will how learn
from the humble individual who adj
dresses you.-it has, how ever, been
stated as matter of fact throughout the
country, that | had realized from 60 to
100000 by specuIations made i'll Rail-
ways. Though there was not The least
foundation for this report, yet, my
Lords, by the time the account reach
ed London, my gains had swelled 10 the
enormous sum of 100000 "a laugh
l can assure your Lordships, in spite of
all these ces in such speculations,
so aGventitiously attributed to NE, I
happen not to have s~peculated at all.
Your Lordships will therefore with diff
Gculty believe, that in the city of this
great metropolis, | am stated to have
amassed by such speculations no less a
sum than from d TO 500,0O0!. (Ano-
therlaugh.) / mention this to your
Lordships, because find that similar
speculations are now proceeding on a
more general scale, and trust with be-
neft, to the country at large. If such
transactions are conducted on a bona
tide principle, ii the surplus capital, sus-
tanned by the surplus industry OF my
c%ounirymen, is thus employed and diff
fused, the consequences must be most
beneficial to society, and l trust will
become and more extensively
known. ! am sorry to have troubled
your Lordships with these observations
SO far as they relate to myself, but |
could not help taking this opportunity
o fnoticing the reports which have been
circulated with respect to me-"
We learn from Albany, that on Mon
day last, in the senate ofNew.Yogk, Mr..
Spencer, from the Select Committee to
whom was referred the message of the
Governor of the cath Of February last,
and certain resolutions of the States of
Indiana, New-Jersey, and Georgia, re-
ported that the message and resolutions
relate to sundry amendments to the con-
stitution of the United States, on the
subject of slavery. The committee are
of opinion that the existing provisions
ottle constitution on hat subject ought
not to be diStul bed, and they think
it inex~iient for the Legislature Of
New-iort to act upon the resolutions
communicated; they therefore asked
to be discharged from the further con
sideration thereof which report was
conchred III by the Senate.
Est Int