The voice of freedom. [volume] (Montpelier, Vt.) 1839-1848, 1847-10-21
LOUIS.

Stock GAMBLING. Permit me, through
the medium ofyour paper, to give such OF
the public as are uninitated, little insight
into the mysteries of stock gambling particu
larly that part oft which relates to corner
ing. do this that the thoughtIess and I'M
wary may be warned in time against one OF
the most runous of all operations, into which
an inexperienced person, Of weak resolution,
can be drawn by the fraudulent cajolery of an
artful and designing Spectator. An opera
ton out of which, if one can escape, though
stripped of every vestige of property, yet with
remnant of honesty or of character, he is
lucky.
The origin and progress of all corncring is
somewhat like this AN individual whose
every sense of right is blunted by constant
scheming to defraud his neighbor, looks about
him in the market for some stock deprecated
to a point which enables it easily to be COM
mandcd by a small amount of money the
character of the stock being so bad with the
Dealers that they would be disposed to sell it
for future delivery upon its merits, OF rather
want Of merit He then looks about him for
double set Of victims first, for those whom
he may be able to bring into the combination
as cornerers,-and then for those who may
be induced to contract to sell and deliver the
| STOCK WHICH bnO COlnDllldllOl uIc AOlllR W
place in position to prevent their Obtaining
it to fulfil other contracts. Having found
the frst-persons with capital and without ex-
perience-they commence their purchases on
Joint account. He at the same time, without
the knowledge of his associates, gives separate
orders in confidence to certain brokers, who
are directed not to transfer the stock to him,
(for that would betray him. but either to
b,lJ - hin, n1, 20 b;,,, h,,
their power of attorney and certificate in
their names. Having bought pretty largely
on time, the combination now commence
their purchases for cash, Cor immediate de-
livery) and endeavor thus to compass the
whole capital. They obtain from the insti-
tuition list of the stockholders, and this in
of the stock not actually on their own hands
can be thrown upon the market. Satisfied
on this head, they now commence calling in
the stock which they have purchased on time.
When the sellers for the first time discov-
err that they are cornered, they can find no
stock with which to satisfy their contracts
the price rises enormously-tcn twenty oven
fifty per cent or more. Now ourschcmcr be-
gins to realise. He gives his brokers orders
to sell his stock on their hands or in THEN
namc,-this goes off readily, and is simple
operation.-But still he has large interest
j the common stock, which he cannot sell
and deliver without the knowledge of his asso-
ciates. He manages this part of the business
in the following manner. He goes or send>
some creature of his to brokers reputed to be
Bears, with orders (stricty confdentiaD tc
sell out his interest in the common stock de-
J lvered at his Office any day within thrty,six
tv or ninety days and If he nprceiyoS tha
the means of associates are almost exhausted
and that the combination must soon breal
| down, he sells thus on time, double or trebl