The daily Madisonian. [volume] (Washington City [i.e. Washington, D.C.]) 1841-1845, 1844-01-22
NEW YORK CORRESPONDENCE.
Nrw YonK, January 10, 1874.

The ttJck mar ket rallied again yesterday or rather
il were more proper to say ha, ii did not decline I,
the extent that was anticipated m the morning. prior
TO the opening Of the EIehange' of the Board Of
Brokers. Illinois bonds advanced fraction, ana
most of the other fancy and staple stocks remained
firm That somewhat consoing, amid tn,
I" wreck of matter" thbt often o,erwhelms Wal
| street and, for the moment il invyorated young
hope in the bosoms Of the Count Bassets aud Stuke
leys whose hopes and fears are alternately expanded
and depressed by The hazard of the die that Is cast
among those Who deal in the fat ianoes and unreal
| noel erics that flicker around the Board of Wall
street Brokers
Although am not disposed to treat the stock job
bers of Wall street with all the oboquy that is SC
commonly cast at them, and heaped upon them II
perstc set of fellows Their business is that Of the
backeg, though it be called by another name, and is
not less disreputabe. The professcd gambler makes
his game by his adroilness in shutting, and dealing and
packing his cards the stock obber makes his game by
fabricatng tales, and by operating on the public mind
through the agency of false statements, circulated
through the press. And where is the difference
Who is the better man the professed backes or the
Professsd stock jobber'
The life of a stock obber besides being little ese
than scene of excitement attended with variety
OF oeti( al" the madness Of poetry without its in
spirauon"a ccideni-ehance if the term be more APP
Propriate. Allow me TO give you brief sketch of a
passage in the life of one of the many of the fraternity
in Wall street
Many years ago respectable young Scotch gentle
man arrived in This country, an ADVENTURE bringing
with HIN, as passports TO preferment, good name
and habits of sobrely and industry By din, pru-
dence and an rdefatigable industry he accumulated
pnncoly fortune. In the year 1886, during the
mania ofspeculaton, he touched little in the stocks
He was successful, and quen,ly on, I'LL he
became deeply involved in all kind Of stock gambling
la 81 revulsIon came he ,ght ami the
lapse Of a few months left him ruined S i'll he
ds b!ed in he stocks now and then had freak Of
good luck; and at the opening Of he year 1912 had
recovered abou, one hundred thousand dollars of his
lost fortune. At that time Haraem Railroad Stock
had declined to nine dollars the share and said
be worthless cat that The gentleu an of whom
am Writing launched into it, and when it sold at the
Brokers Board at SO 50 so" he purchased all he
could get al $l2. When IT reached Twelve he paid
SIX teen and thus was he going on, unit the civil
authorities interfered. He was declared luna,ic
and was put inc straight jacket, and bundled of to
the Insane Hospital. Every body laughed at him. and
pitied him, and said he was crazed" He continued
in Bedam several months In he me an time Haraem
Stock approached TO y-fse dollars; the iunae re-
allied splendid fortune by his crazy Harlaem opera
ton and soon everybody said that he was a n an of
the most profound judgment, possessed matchless
gaciiy and foresight, and his opinions on finance were
entitled 10 the most exalted consideration believ.
the gentleman has now retired from the Stock mar
kei
Tie trial Of Amelia Norman charged with N as
sault and battery Henry s. Ballard, with intent
10 kill, Is still progressing and creates une ramped
excitement. The public, almost to a man. sympa.
thlsrs with the unhappy girl and justify the deed she
perpe,raied. Ballard it has been most abundantly
proved, was her seducer, and her destroyer fancy
he has tn usand times since the uial commenced,
cursed The day he caused the poor girl to be indicted
Yours, &c. r.