The Arkansas advocate., 1835-05-29


 dred thoasand doilofs for what they had seen him pay sereaty.frc thousand doliars 1 for.
 j But who is that man, said I-I think 1 I've seen his face before!
 Who do you meanl
 Ihe tall man-the selley--he whose trqasaciio0s have been so heavy this last month.
 Oh !-he's d New Hampshire man. failed about six monlhs ago, and paid off his creditors at ten per cent: he began speculaiing in lands, with capital of one huadred and fifty dollars, which he had saped, nobody knows how-every farthing he had to my certain knowledge. And that sum he keeps for nest-egg now!
 And who Is the other, pray!
 0h he's another ew-Iiampshife blade supposed to be worth a hundred thou sand dollars now; never was muster of two 1 pocket-kandkerehefs at time in his life, Idl within the last month and even DOW, isn't the owner of three shirts, with the 1 same mark on them, fll warrant ye.
 And how in the name of all that is won deffhl, do these men managel It appears to me to be sheer gambling and cheating.
 The sheerest gambling, Sir, and the bod- est cheating. They buy tbey know not what and they care not what-they never see tho lands they know nothing of the title or the law-they buy only to sell; the leaders in thls extraordinary and almost universal Authorization, were five out of six, notorious gamblers--ill they were worth, before they had entered into the land spec ulations, they had obtained by cards or lot teres.
 Of course there are fictitious sales?
 Undoubtedly. What could be easier? No combination required; little or no mon- ey, and rising nsdrket! They give their notes for three fourths-and sell on the same terms; so that when the wheel stops, as stop t must belore long, all these veal thy men, and all these young adyenturers, who are turning their backs upon all regu- lar business, throwing up their trades, their shops, and the little they have been earn ing for years, by hard work and sober in- dustry, will find themselves worth only just what has been left of the first 9ayment they have received, after dedactiag. the first payment they have made--wilh their notes abroad for three times as much, and all their prospects in life blasted forever. Why Sr--five persons out of every six you see, are engaged in !!a;s business.
 Another nlerino- -feper, hey?
 Exactly, and dare say you can remem- ber--l can, as if 1t were but yesterday. when judieious men actually pawned their watches, 10 buy shares in Don Carlos, | as, 1, sja
 Of piece with the gold-rcgion i-with the Iulip-mania-with the .Msssissipgi Schenaei with the South Seq Schcme--and with the joint stock companies of England, when they actually formed associations for supplying London 1cith miik, and for wash ing cothes on a scale that required an act l of incorporation, President, directors, and ever so many solicitors to manage the business Not many years ago, settling la,lots were all the rage for speculation here. and many men, judiclous calculating men, who knew what they were about, invested all they were worth, in these very lands at l2 l2 cents the acre they might as we'll have thrown their money into the sea-. So will 1t be with timber-lands to the last pur- choserS.
 Where will this end, think ye?
 End !--in the Encouragement of all sober and steady business in the destruc tlon of hundreds of industrious young men 1odt thei1. fanit5es; in the overthrow of the public moral sense, and in the inoculation of the whole community of New England, with spirit of desperate gambling--a spirit of rash, headlong, unprincipled and runous adventure--most runous to those who prosper most. End, Sir! It will end Tn making confirmed gamblers and hideous profilgates of hundreds; who, but a few days ago, would as soon have been caught tIpsy in church, as at q billiard-tabe or in lottery-oflice, in the present state of pub- lie opinion; and what is even worse-if worse can belt will end in making thou sands, who have held themselves aloof du- ring the prevalence of this frightlul mania, dlseontented, and miserable, or ashamed of honest profits of a regular business. The whole neghborhood--the whole region of country IS defled-- New England is no longer what she was! Men risk now what $ not their own, auitltom reproach What they gain is theirs---what they lose is their credltors.' But beware La good character IS worth more than money to young man. tie who makes Sl0,000, makes but $500 year. Who would sell himself for that ---in other words, give up regular business that produced from three to four times thai. as many do--f he understood the value of sak1a ae.far -<.Yl l.. l.