Liberty advocate. [volume] (Liberty, Miss.) 1835-1866, 1839-07-25
From The ". Y. Eveaing Post.

mn iAIE VI HE oPECULATOkS.--
GLOOM OF WALL STREEr.--We hear Of dali
failures Gin the provision line" and we al
gravel told that the "gloom of Wall-street
Increased" by this sad news. We venture
assert that this news, so sad to WaII-street,
not very melancholy intelligence to nine out {
ten of the people. We all recollect the old sic
ry Of the yagabond, who claimed the sympaIb
OF the public on the ground that he had bee
'unlorlunate il business His misfortune
were that he had appropriated to himseI
another mans property, was detected, an
punished TO the utmost rgor of the law.
The gentlemen in "the provision Iine,n VIII,
nave been unfortunate in business" hays abou
as much claim to sympathy as the personap,
aforesaid. Devoted admirers of the "well rec
Iuated credit SYSTEM" they have awaited them
selves of its advantages to obtain LARGE sum,
from institutions proiessedly chartered for the
accommodation of the whole people, and with
means thus acquired, have obtained monopoly
Iol the staff OF life. 1t was to both banksS hi
spectators "a fair business transaction" which
10 be successful must bring misery to the door
OF thousq Is. Other branches of fair trade
beng mutual profit to all concerned, call into
action the industry of thousands, and purify
while they enrich, the channels through which
they flow But the Spectator in bread sufTs.
TO De successful, must bring misery and suffer
ing upon others, and upon those to whoare the
least able to bearit.
IN wall street gambling-the purchase and
sale OF stocks on tlme--the counter operations
OF bulls and bears. and other means and appIi.
anceS Tor making money out of each other,
without adding jot TO the general wealth. the
game Is so Tar fair that the public at LARGE care
Iitt'e winch party gains or Iooses. five pity
me ZANE duck" 1t IS the same kind ocpity we
extend to the ruined gambler. We wonder at
he changes and reVerses which constantly
BASS before our eyes. We are astonisbed toI
zee the pauper of yesterday to-day the lord off
" alI-streei, the Rothschld of the hour. and
Vhen the next day he is toppled from his throne
u credlt we are COMPOUNDED at the eyanescent
nd baseless fabric of Wal-street renpta,ion
ma 'he ceaseless revolution among the money
hangers But beyond this we care lille
v draw lesson and a warning from these in
luehtS, ana trust that ourselves and our friendsI
nay be able to keep out of Wall-street. As toll
ne operators, it is their game, and we badI
etter spare our sympathy for more wor.
~ Objects than TO waste it on the pamber's
But the Spectator in the staff oflife is n
oecu'a'or against the people. If he fails the
'mioft and happiness Of nine-tenths of the
ommunity are enhanced. Ifhe succeeds It's
Inc price oil misery and restitution TO thou
'nds OF his fellow beings. Every tone of suc-
ring, every pang wrung from starvation is to
I'm note Joy and triumph for it tells him
the happy consummaton of his plans
he coin that comes to his Golfers, is wrung
ON the hard hand of abiect poverty. The
ldow's mite differs from the widows mile of
ore, and brings no blessing with it. II the J
copies heart could be "coined in drachms."
at heart would the Spectator have. And e
wv, iorSooth, WaIl-street is gloomy! because c
Q poor man can afford to give bread to his s
llidren, because the madness of speculation
wing somewhat subsidized, the tilers of the q
II nave returned TO their labor, and the boun- a
Gus earth has rewarded their toiI-because t
en- speculation has proved unequal TO a mo- c
poly oil those Of gifts which are intended t
the comfort and sustenance of all. A few
I'VE suffered, while thousands have gained S
I'd Wall-strcet is gloomy! A few who were il
zee rich (or surely The banks would not have II
anted them their Essential aid" unless thew t.
ere rlch) have become comparatively poor, d
hlIe tens Of thousands are gamers in comfort h
I'd happiness and Wall-street is oloomyl- s.
b, Tor return of the halcyon days when all Ell
rs sunshine in Wallstreet. when the eypan- lo
IN OF well regulated credit system had en-.
need the price OF every necessary of life. TT
1en we imported our own bread stuhs and CT
id roundly for them, when all of US who tn
IRE too proud or too lazy to work, got a dc
living by the exercise of our W
ts, bought city lots by thousands. paw. in
ten per cent down in promises 10 nav the W
lance so soon as we had transferred our bar. Gu
In to some new purchaser at five hundred pr
r cent advance-and when all rus we're m
n, except those who gained their daily bread &c
their daily work. The people suiIered-the be
ecula'ors rejoiced there was no "gloom" in tir
all-street then. an
Let those who have tears to shed over the Sc
arless Spectator shed them TO their hearts "a
1tent. The people are rejoicing, even if to
all street is gloomy. ta
JACKSON MAIL ROUTE f.,
We made some remarks yesterday relative We