The Kalida venture. [volume] (Kalida, Ohio) 1841-1865, 1847-10-05

has when he snealss offto his hole. after par
Ting with his tail in trap.
But what shori-sghied morials We are,
and how The the blindEsldsd goddess loves
to sport with calculations!
Hen, Foriuha, 4his sst crudslisr in nos
Ts Dsusg--u ssmPer gaude, illudsrs rebus
Humans! 36 ~
exclaimed Horace and depend uporlit, If
stocks we're the sub jeet Of traffic in Rome,
he had Just been nicked when lie wrote that
passage. Most courteous reader, ! was doc.
med to suffer another grievous disappoint-
men,; stocks tosk different turn from what
| had expected. The storm cleared away,
and the panic aba,ed. The sun again shone
cut bright, and smiles reappeared on The bro
kers 'faces. Prices had reached their lowest
point, precisely at the moment that l sold
out mine; and instead Of going down to nine
ty, as they would have done had con inued
10 held, they "rallied," as the saying is, and
rose 10 par. looked and felt blue, and
counted over my money sgain and again; |
ciphered and calculated for half morning,
in endeavoring to make my loss less than il
was. 1t was Of no use, however, for the re-
suit of my counting and my ciphering we're
precisely the same, showing deficiency of
six hundred dollars and tho brokerage. 20,
if csuld but get back my Stock" thought !.
81 would hold il till doomsday, before ! would
again sell il for a less sum than il cost me-"
That was an idle thought, for the money hav-
ing been borrowed. had not the power 10
do as wished. r-3
Well, found that complaining wsuld do no
good, and il was that could not recover my
losses by sitting down doing nothingj he side,
il was very unlike bold operator--a Napo
leon ofths exchange-te be disheartened BY
the first reverse or two; SO / determined, as
there vas now strong probability Of an i'm
mediate advance Of prices, 10 get back on
my Ohio stock at par. was too late in de-
Gliding by a day, and was obliged to give one
per cent. premium. That trifing difference,
however, did not regard; for what was one
per cent, more or less, to 4 man who was
sure Of making ten ofthem'
now felt certain that had hit the nail
on the head. "Rem tetigi acu," said ]; and
what made me more confident of success was
the fact, that the newspapers, disagreeing
upon almost every other subject, were
agreed upon one point, namely, that, iu con-
sequence of the "bstter feeling" that prevail
ed, stocks would certainly rise. ! believed
them, having naturally strong inclination
70 credit what see in print. esA
!, A good feeling unquestionably did exist
at the time bought, and the prices Of stocks
were likewise very good; bat, as usual, when
the time came in which was compelled TO
sell, very different feeling seemed 10 be
rife, and symptoms ofanother panic began to
make their appearance simultaneously with
the approach Of storm. On the day sold
out, everything was al SKIES and sevens; the
rain came down in foods, tho wind blew,
and the whole army of brokers, like flock
of sheep that had lost their shepherd, were
again in the greatest alarm and confusion.-
My poor stock, like the parting spirit Of Ma
poleon, went off in a whirlwind, at ninety
eight; and went home that day mad, and
drenched with rain, (having mislaid my UNI
brella,) and loser of three hundred dollars
more. ltelt exceedingly bad--l was DISCUS
ted.
The prospect of my going to Niagara was
now unpromisingi and prudesaly resolved
70 postpone the visit for another year at least.
Such thing was not again 10 be thought Of,
till, in gamblers phrase, should be on vel.
vet, that is, have some winnings over and
above my capital; but so far from being on
velvet, was on the sharpest kind Of paving
stones, nay, fguratively speaking, was on
spikes. was now reduced to the point Of
struggling, not for victory, but for safety snd
l was like general who, having abandon.
ed all hopes Of conquest, would be too hap
py to save his own bacon, and got safe home.
My encouragement, however, was Of short
duration, and with my revving spirits, re-
sumcd the hazardous business.
made several other operations in what are
technically called the "faneies"--stocks that
pay no dividends, and the value of which is
rather imaginary or financial, (whence their
name, probability than real. Ihad enough
Of good stocks-thsy had we'll nigh ruined
me; and ! resolved to try my luck among
those that are good for nothing, except to
be bought and sold. lll-fortune still pursu.
ed me. What with stormy weather, increas-
ed demand for money, paragraphs containing
bad news fom Washington, and flying reports
of some diabolical measure contemplated
by England, all my adventures turned eut
unfavorably, and | was reduced in pocket to
a vary low ebb. My little capital was on ita
last legs.
One day, almost in despair, ! took up a
newspaper, (it was The Journal Of Commerce, }
and my eye ahghted on a remark of the ed,
itor's 10 the effect that stock.speculaiol
should be in no hurry either TO buy or sell
but, waiting coolly and patiently for epportu
mites, with his feet elevated upen stove