Constitutional Whig. [volume] (Richmond, Va.) 1824-1832, 1832-12-18

Total 1880
We learn that after tho Board adjourned, trans
fers to the amount of go shares at III5 TO Il2
can be traced, and about 700 shares ara presumed
TO have been sold, of which definite account
can be procured. Making the total sales or that
day about 5000 shares!
Now charge that a member of Congress of
no small notoriety, became possessed of what the
President intended to say the subject OF the
Bank, and, iii connection with five other individuals
IN this city, entered into conspiracy prev upon
the purchasers of u. S. Bank Stock.-But Let MS
trace their operations through the succeeding days
On the 3Oth there were no sales ut the Board of
Brokers' in consequence of the death of ono of that
Dody but tho sales IN the street estimated at
5000 shares, at about ILL., On the LIST Dec the
sales at the Board were 6l5 shares at about ILL.,
and in the street about 1900. On Monday the 3d.
the sales at the Board amounted to $50 shares at
l10i and in the street to 2l00, And on Tuesday.
the 4th--the day which the President transmit
ted his Message to Congres-the contents of which
were presumed to be unknown-the sales at the
Board were 700 shares at 100, and in the street
about 2700 at l08 l-2 :.
Thus does it appear, that from Wednesday morn.
ing until Tuesday night, about Ia 500 shares Of u
). Bank Stock, were forced off on time at about
ITO, being about FIVE per cent. less than its firm po
s;ton for many days previous to the commence
ment of this stuPendous fraud On "Wednesday
morning the Presidents Message was published in
this city, when, in consequence of his uniustifable
| attack upon the Bank-stock as the conspirators
well knew it would-fell to l04 -; and We are sor-
were settled.
To the uninitiated. 1t may be necessary before
we proceed, to explain what sale of stock on time
and interest means 1t is this: sells to a
stipulated quantity of stock, to be taken and paid
for by ID at time and price agreed upon; thus for
| instance, on the 29th November, A sold to $50
shares of Bank stock, to be received by him one
month afterwards and paid for by him at the rate
of Ii l2 per cent with the addition of interest on
the amount from the time of the contract. 1t will
be seen, therefore, that is in the interval of time
which elapses between the sale and delivery Of the
stock, the price of stock falls the seller is able to
supply himself with stock at price lower than that
at which no contracted to deliver il; and conse
quently gains the difference between the price at
which he sold it, and that at which he is enabled
to purchase it. The total amount of the sales was
900, and the net profits TO the spectators,
had all settled at 1913, would have been SEVEN
| LYNNE THOUSAND SEVEN HUNDRED
| AND FIFTY DOLLARS -, From this amount
must deduct about $4,000 as the profits Of
honest, but shrewd and intelligent Brokers' who
perceiving the movement emaDating from certain
Brokers connected with the cODfdentidL friends OF
| government, suspected the Of tho operation
and ventured to sell upon that suspicion.-Ono oil
this class came to on Thursday and said, al ar
selling at ] IL, because Mr.. sells, and am con
WINGED he is in possession OF information from e
thor CANBRELENG MUAFoRD, of what is TO b,
said in the Presidents Message"
If we were entirely ignorant OF any facts t.
the cause of the heavy sales Wednesday the 26th
which gradually depressed stock from las TO Ill
the transactions of that day would be sufficient L
authoise to declare that, these sales were base
upon knowledge of the contents Of the President
, message.
t But do not rest position upon suspicion
We deliberately charge, that the contents of tn
8 Presidents message were communicated to certai
? persons in this city on tho morning Of WEDNESDAY
< and that the person who made such commune;
= ton was party to tho subsequent frauds upo
l. the public We charge that The Editor of n
STANDARD received from tie President and confirm
e cd the information thos communicated-aud U
: chayge fat(heymo,s, tAsi TIE Ezscvios ktrs,f "a;