The republic. [volume] (Washington [D.C.]) 1849-1853, 1850-10-16
[oounrsposDExcs OF THE REPUBLIC. ]

at this time, for amid the busting crowd of work
ers and pleasure seekers who compose NOV
ing population, the phenomenon Of an ennuyee ii
very rarely noticed Yet there sufferers among
US who find life an encumbrance, and impatiently
seek to divest themselves of mortal attributes be
fore their appointed time. sad of the kind
occurred last week. MIR. Daniel Trimblo, of the
firm of Lawrence Trimble & Co, one of the largest
and weathiest firms in Broad street, committed
suicide by eaping into the North river from one OF
the Hobosen ferry boats. Mr.. Trimble was about
fifty years of age and quaker. He had been suf-
fering during the past six month"; under depres-
sion Of spirits occasioned by softening of the brain
an ncurabe disease, which has terminated the ex-
istence of some of the most illustrious of mod
ern times; among them Scott and Southey. Tom
Moore, although yet alive, is mentally dead from
the same cause. Men of active minds should be
cautious not to overwork their brains
| ''--- The brain too finely wrought
Prcys on ITSELF and ID consumbed by thought"
| There is enough excitement in New York at all
times to prevent attack of ennuf, to cure the
most vapid blase but at the present time, there is
a maelstrom of speculation, whose vortex is Wall
street, that threatens to draw into it, all the float
ing capitalists that find themselves drawn towards
our metropolis. 1t hardly be said that the
speculative times of &c. that engendered by
|
creation of the petbank system, have been revived
because the present condition OF affairs differs most
essentially from that wild period ofextravagant and
runous initiation of prices, which resulted SO disas-
trously to the country. Then speculations were
based upon the widest and most reckless projects
| that have ever been preached since the days of
| Law and the South Sea bubble; but now specula
| tons in Wall street made by discreet and far
| seeing operators, who, taking advantage of the
! abundance Of money, the rapid increase of pop
| ulation, the happy adjustment of political
difficulties, and the general prosperity of the
| country, investing and purchasing on time
| in stocks that have long been held in the money
market greatly below their intrinsic value. Large
| fortunes have already been made by Wall street
SPECTATORS and still larger remain to be realized
by those who have the sagacity and the courage to
| take hold in time, and bring in those permanent
stocks that must inevitably rise greatly in current
value during the next sixty days The movement
| has, in reality, but just commenced, and the con-
slant accumulation of capital, that cannot easily
be invested to make six per cent. cannot fail to
send up all healthy stocks, now below par, very
nearly to par value. By referring to the reported
sales Of stock at the "board, il will be seen that
| eight or ten thousand shares of the various
stocks daily change hands, and the private GALES
are nearly large. Every description of saleable
securities, well real estate, feels the effect Of
| the movement; but the so-called fancy stocks
those that are most sensitive to plethorc condi-
ton of the money market. The three iavorite fan
cies of spectators have been Reading Railroad,
Morris Canal and Farmers Trust. The best of these
stocks now, for operators Is unquesonably Morris,
| by which immense sumo of money once lost,
and it has been like dog with bad name, suspect
| ed by every body, neglected, and run down. A few
months since it selling in Wall street 10 per
cent; il is now selling at 90 and constantly rising.
Those who are best acquainted with this stock, say
it is int insically worth fifty and that it will be-
fore long, be dividend-paying stock. 1t is GER
tany greatly in favor of morris" that the largest
holders of it, and those who purchase it read
ily are its directors and officers The stock of that
greatest of all the railroads in the world and the
one that must inevitably be the most profitable the
| Erie, although II pays regular annual dividend
of six per cent, is selling at seventy seven.
Nothing but the blindest prejudice on the part Of
capitalists could prevent this stock from advancing
to nearly par. In less than year this immense
work will be completed, and the chain Of travel
from the Hudson TO Lake Eric, through the south
| ern counties, will be uninterrupted and direct.
The business OF the road will be only limited by its
capacity, and all attempt to estimate it's earnings
must be futile and shortof actual results, all
calculations in reference 10 II have thus far been
Men who have nerve and little capital arc daily
making fortunes in Wall street, by taking advan-
tagc Of the prosperous condition of our affairs
while the timid and near sighted standing still
increduous to the great facts daily Transporting un
der their noses. II only fortnight since that
! heard an old gentleman who carried gold head.
cd cane under his arm, and a rufe shirt, OK
claim, on reading account Of the dust brought
by the last steamer from Chagrcs: "Wcll, begin
to believe there is some gold in California; And
by-and-by, some Of our rufle-shirt capitalists will
say when they hear Of the fortunes that have been
made by purchasing "Morris" and "Erie," they
begin to believe these long neglected stocks are
| worth something.
New York is a focal mirror, in which is reflected
the state of the entire Union, and, jud ging from
what here, know how prosperous the
whole of our broad territory is. The magnificent
mansions going up in Fifth avenue; the high
prices Of lots Madison square; the increasing
number Of our superb packet ships; the opening o.
new streets, the additions 10 our hotes; the rapid
increase OF jobbing warehouses; the splendid car
ragcs in Broadway; the new theatres; the crowds
Of merchants on change; the growth Of our chip
yards, and the creation Of new banks, new insur
ancc companies, and new firms, all proclaim the
prosperity Of the nation, the fruitfuness Of our soil
the happiness Of our people and the wisdom Of oui
Government
II is sad 10 reflect how easily all this toemine
greatness, this happiness and this supremacy Of
our city might be seriously married, il not wholly
destroyed 10y the selfish schemes of Legislative dem
agogucs, who, 10 serve their own little purposes
would cndsnger the Union, from which springs oui
greatness as a nation and our happiness pco.
pic.
One Of the latest instances Of our growth in
wealth and refinement lie the opening Of kind o
Democratic club in tho upper part Of broadway
called the Athengum. The establishment is under
the apartments Of the National Academy Of Fine
Arts opposite Bond street; and il consists Of thre,
large and we'll proportionod rooms, which have
been fitted up in the most luxurious manner, with
all tho cegancies and oonveniences which the arr
of the upholsterer can supply. The first room Of
the suite is intended for smoking and conversation
the second is richly draped with crimson hangings
and superbly carpeted; it has silent, quiet look
and is appropriated to chess playing; the third and