The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1843-01-28

The amount of specie brought by the steamer was
$655,95S.
One OF the remarkable features of the times the
recent movement ofhe brokers in Wall street. whereby
board of brokers has been formed by that large
who has been unfortunate in business. The in
the stock business of atears have been greater perhaps
than that of any other, because based the small
est foundation and almost entirely of fictitious nature
In the few years prior to 1857 grew rapidly with the
paper system, and increased with the multiplication OF
Bank and Company stocks which formed the material of
the transactions This swelling tide OF business brought
great numbers of dealers into the street. who
time prosperous because the paper prices of vaueess
stocks were constantly the When tide turned
and prices began to fall the wealth of all holders o.
these securities vanished suddenly appeared. The
shroFdest of them saddled the stuff they held the
banks, the United States Bank in particular failure
displayed beautiful list of bubbles The ciiqass which
surrounded each institution contirives lii L.
hy o"f al them on Their stocks which, continuing fail
in value, remain IN the vaults in worthless masses The
rcceing de OF paper wealth course ruined large ma.
Jo! OF the brokers' who gradually dropped out Of the
board as they failed their contracts For the last two
years they have maintained desperate struggle to keen
their places. but the number of in
creased leaving In the board only of
capital in stock and money, with number who although
snort in their contracts, have I contrved to hold on
Those thrown out of the board have been mostly hors d
eom6af in the stock business until the late Bankrupt law
released them from all their legal debt they then rallied
and embodied association to do business
with open doors that is to admit the public on the pay
ment OF small fee, otherwise the regulations of the
Board do not materially differ those of the old Board
with the exception that person failing perform his
contracts Is required to surrender his books to standing
committee who shall settle his aars and il his conduct
ound to have been fair, he may be restored to his pr
veges The result u.s. that board coptains all those
brokers' who have or are supposed to have capital The
other all those who have capital or are supposed
to have none The two boards will be in one
ration at the same time. It is clear there can be
no speculation at the board no one has CAPT.
tai to fulfil losing contracts and all the members are
pound to take each others bids offer of time
VIII be hazardous If an order is given to sell stock by
capitalist and no corresponding order to buy is at the
sale cannot take place unless broker avow
edy without capital At the old board many Of the men,
bers are wealthy and if orders on hand to buya
stock offered they themselves make the
the price suits The feature admitting the public nj the
new board is very popular and probably the effect
VIII be to induce the old board to initiate when the oh
Jections to the present system will be removed The new
board nave called themselves the Bourse because
sit with open doors, that the only similarity between
them and the Paris Bourse.
The stock operations the Partisan Bourse are confide
to 81 stock brokers' who nominated by the Minister of
FINANCE and give security in the of 600 francs for
the faithful discharge of their duties which consist in act
ing faithfully brokers between buyers and sellers of
specic public stocks bills of exchange and all CONNER
ciai paper They obliged testify to the fahfulne
oil all their transactions before tribune of arbtraor
me whole is overseen by syndic and six assistants
called the syndcal chamhre" The operations in public
funds are called aloud at the each contract IL
concluded. The other transacto are transcribed On
esister Oh tho Commssary Of Police, and forms the list
whcn u published Tho Bourse opened every day at
itooock oy the sound Of a bell which announces the
the stock brokers' They occupy an enclo
sure in the CENTRE surrounded BY the public who ara
Heey admitted At 81 O'Clock the stock brokers amt the
nou'se' anu continue business in their own offices until
a o'clock The contracts for none, and sccorr. .
made at commi sion Of OF per cent each ,v., -.
and seller, cash delivery The time oontrac,. a. 80,
at commission Of lilo of per The svndca, cham
Der imposes duty of per cent the nom;no, s, s
all time contracts but there duty on cash conroc,
The product Of this duty in year was 200 ooo
being about the average. This gives the AVERAGE d,
per day at f400o, say 1000 saesh and 1000 purcbas
Hen g, II francs give 100000 1000 francs will rive
as the ogambling or time contracts pe
"y on the Paris Bourse The amount Of purchases and
sales Tor actual investment is about equal sum- makin
daily transactions Of or SIS all trans
oc"ohs or I'm courant," end Of the current month
hquoated from the first to the fourth Of the following
non Inc admission ofthe public the Borrse where
fortunes are made and los, suddenly greatly promotes
gambling transactions and enhances the gains the bro
kers' 1t ex"rts the same influence upon bystanics 4,
docs watching game of chance; ani thousands ,r r
RED away nv in influence including beautiful ana
iaShonap'e iahos who are not unrequently The srges
operators upon the Bourse dsinenisbei for ,ho 80
aud heclss and Wloathcj smesn with which the, ,l,,
sfaph their brokers through the fluctuations o. the mar
set
'Aeioiio"ns Is statement showing the condition O