Burlington free press. [volume] (Burlington, Vt.) 1827-1865, 1850-04-12
) rcc pres /,
FRIDAY MORNING, APR. la,isao.
UCRI.INETON. VI.

''S"N wv nu'ioihS uuluc''
rf railroad stocks not to te disturbed by til,
gambling transaction. which are daily announc
cd from the Brokers Board" but to "b
firm
he riEn; cne constant element in luck,
l' genuine, solid old Teutonic pluck :"
We have been sorry 10 see indications TIM
The same 6ys'em OF ck-lobbing which pre-
walls IN Now York, and which has ruined NOR.
honest and simple stock owners tran all olc
agencies combined, has been introduced in 30,
ton. i is disgracetul to New Englanders an,
injurious to New England Railroad enterprise,
The moral sense of the Boston community VIII,
have invested more largely, generously and con
fdinely in Railroad securities than any obe
people IN this county-ought to frown it down
A. sells b. 300 shares in a Railroad, for exam
p-.dclivcrabIe in 80 or 90 days, for $50 share
Now a. does not o,cn a share Of the sto X nam.
cd, nor does he ever expect 10. He does moi
transfer a solitary share to b. directly or ind
rccly. nor Goes B. expect him to. But when The
so or 81 days expires A. pays B. or b. pays A
the difference between the market price OF the
gambling proceeding. II the stock is then
worth S53, for instance, A pays B 81 500 ;-il
II j. worth bnt 81 pays A $l5)0--and thus
the matter ends Now it is manifest that from
the mom'u, this nefarou> operation " com.
mcncer, \ mud y rob by = couple Of shrcwd
cd aud aJrr 'operatnrr,' and probably, too, men
1t marh ou chang. arc tircless in their aclivi.
T.! , The one to dcprcss and the other to initiate,
the stock named, and both rjh u mioNy di>hon-
ri jnIjfrrenrc eHt,r o 'hr atu1l rdide N il, or
10 The n..rcts nj others. Our readers have no
tced, wc presume, in oar account of Stock
sslNy, frrqncn' ru'ries IKE Ibis:
100 Shares Sc, &c, b 80 d. 53i
New No have given, above, we believe, pre-
r;sey WHIST THIS means. And we say il is i
rrncr eiing thai ought to ho, in any honest COM
nunitv. Jisgraccful. A man may be permitted,
perhaps, 10 gamble on his own property, but he
ho. no right to gamble on his neighbour sat
least in New England.
The New York Stock market is flooded with
variety of what sr' called Fancy Stocks y
- owned, probably, almost Exclusively, by these
ancy stockholders, or by gentlemen who like
to live by the kind OF genIcel gambling by which
these stocks are bought and cold. Here, there
fore, 1t j. diamond cat o,amoid.' and the
Ernr, and Bulb may Lc TUNED into the rig and
sutiercd 10 Jug aud goi" each other, without
any body caring lar'jcn'arly (which whips =
But there are no snch Fancy Stocks in Bos-
ton. (uness imporlrL) The Boston merchants
have built no Long Island Railroad. they
have invested their funds in no Railroad pro-
jcc,s which did not otfcra prospec! of enough
ray, business TO pay for the scrub.oaks on its
line, which nigh, be burnt by sparks from To-
comutive. They have nerer built road with
exclusive reference to its hrough.busincss.--
They have never built ad that did not seem
to be required 10 accommodate the business and
which it was to pass, nor tina, Was not based on
wcl-considcred and -agacious calculations in
regard to the prospective business OF the Road
Their genius aud their morality are averse TO
"ftncy spec Ila!ions Of this character New
England Railroads, therefore, have, as the Bos-
TN Co,,-ie- Justly says, ~ ElAL AID srDsrAS-
rItL VALUE" and i, will be- found that that
value ,riH yet b. rvGb.shed.' We speak con-
f1en,lv. a, any rate, Of those Of them which
penetrate Vernon.
II is abonnablc, therefore, that these "sccu-
rites" should he deprecated by the gambling
.chcmee OF fancy q" Brokers !" It is abomin-
sblc tina, few sharpers should be perm'Hed (un-
rcbuked by a wholesome public opnonl to
,s.nper with widespread interests, and create
unnecessary pancs. for nothing but the dis
honorable purpose Of proitng by the ignorance
or apprehensions Of honest Country Stock
holders. !, il "a gross Injustice to the upright
and honorable gentlemen who have not only
invested their own means in the enterprises
they have been called IN 10 manage, bat have
induced others to make investments on the
credit Of their repre- sensations. The 4" Stock
Sales" as general thing, supply no inst
standard of the value of Railroad securities.
Tho influences that modify "Qnotatons" are
frequently entirely irrespective OF the real
value of such securities. We fully believe, for
instance, considering the admirable economy
tia, has distinguished the management OF the
Rutland Road, and the remarkably small sum
which has been required to place it in running
order. that the Stock OF that Road will inevita-
bly be full up to its par value, within three years
we have never doubted it, because we knop
something of the immense and exhaustless re-
sources for business, Of tho rich section OF
country which it penetrates. And 50, doubt
less, il NAV be with other Vermont Railroads,
f whose business prospects we are, however,
less competent to speak. We counsel holders
e onr Railroad securities" therefore. to he
frm. Do not be disturbed by Mammon's
fierce Zoology"--the Bulls and Bears-oI State
Sreer. Let them gamble; but do YoU hold
ia, that which is coed!
The following is the article in the Courier
4. . ljch we have alluded -
E.i Roam SEcuRTrs.-The general dis'rust
u,n 40 lie ~ this community, IN regard to K"i
X rad =, curiiirs should induce every one interested