Weekly national intelligencer. [volume] (Washington [D.C.]) 1841-1869, 1845-10-11
prsIudces awakened by the indiscrset language and

prsjudices awakened by the language and
acts Of our own Government; and if any sacrifice
is expected, for the sake of peace from Sir ROBERT
PEEL it may be good policy TO transfer the nego-
tiation to London, placed as it will be in the hands
of very able negotiator, in the person of Mr..
McLANE. Nor is this the only difficulty with
which Sir ROBERT has to contend. Lord JOHN
RUSSELL is watching his movements closely, and
prepared to take advantage Of any and every wrong
step the Minister may take.
New YORK, OCTOBER 8, lS45.
The mania that is peryading both England and
France, in relation to railroad stocks, is OF alarm
ing character. But its most alarming feature is the
apprehension il causes, that the disease should
prove contagious, and reach our own country. The
warning voice of history such occasions is with
out influence. Each generation imagines itself wiser
than its predecessor. Cautious and experienced
men ask, on Change, daily, Can this wild and reck-
less system OF European speculation continue much
longer! Must there not be general defacation
and failure And when it does take place, what
is TO be the effect upon our own money market!
Capitalists, in every country, sensitive on all
matters connected with money operations. That
sensitiveness is already awakened among these men
in this city by the late advices from England re-
speeding railroad stocks; and there is an evident
shrinking from investment in any stock but that
Atpresent money is reasonably abundant, but how
long it will remain SO may depend upon stock ope-
ratons in London.
give you statement of an intelligent English
gentleman, now in this city, in his own language.
II will show you the extent to which stock gam
bling was carried in London in 1926. 1t may
amuse, if it is not considered of too grave nature.
was in London (says the gentleman alluded TOY
in 1926, and was frequenter of the Stock Ex-
change, and occasional operator during the fear
full excitement and speculation Of that memorable
year. well recollect having sold, one day, for a
friend of mine, shares in the stock Of one of
the mining companies (the fancy stocks of that
hme) for FL 200 sterling the par being g100, and
the purchaser made large profit on his operation.
was stakeholder in the Royal Metropolitan
Umbrella Company, the object Of which was to
loan umbrellas in the of unexpected rain.
The company had station-houses in all the leading
business streets, where, on the depose Of sum
OF money, any one might procure an umbrella at
the rate of fourpence sterling per hour. The
umbrellas were returnabe at any of the sta
ton houses, and the deposites there redeemabe.
On the deposites thus made the company did very
respectable banking business, which lasted about as
long as many of the institutions which were orga-
nized in that year. / never shall forget the hor-
rors of the crash which succeeded these specula-
uons-uie rum, misery, ana despair winch re-
suited from them. AS far as can judge, from
reading the accounts of speculations now going on
in railway shares, apprehend that like result
will be produced.
The Uorlds Convention have adjourned to meet
again next October. The members, ii is said, are
perfectly satisfied with the result Of their abors
of love.
No variation in exchange, foreign or domestic
The stock market depressed and inactive. Very
little business transacted to-day.
A CALM OBSERVER