The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1852-11-04


Soult's Gallery, as q Murillo, We utterly at
loss to imagine. If 1t be an original it sho vs. how
great painters are often unli ke themselves.
speculations I'm Europe.-The Revival Of
Joint Stock Enterprises.
GFrom the London News Oct l9l
We have several occasions drawn attention
toms 81 the money market indicative Of revival Of
further Development Of this spirit has taken place
extent which deserves especial notice. as already forms
circles As far be ascertsined 1t appears fair
estimate to fix the total amount of capital required BY
the of last year at about ESQ 900 600 sterling
(Sl50W0,000) excluding however from this list such
schemes as may be presumed to have proved absriye
from their having been heard Of In the market be
yond the issue Of prospectuses and little agitation
in the Of adverzng 1t appears to be conceded
all hands that joint stock speculation considering the
great inducements held out up to this time been ex
taordnariy quescent and that the capital req for
these new enterprises as yet mere trs With
the capabilities OF our money market Yet at the
time cautious men Of business beginning to observe
that these projects coming very fast and to
tempt to form estimate OF the amount Of capital
moved from the market merely By throwing together the
total would lead to very as on he
Introduction Of new scheme, to require . ain
amount Of capital is one thing. but to obtain II is
other Indeed, It would be somewhat difficult to point
out dozen Of these associations that really OBJ
tanned the entire required that have
from bona fde applicants the entire of the first install
Rent, where the calls spread period of time
few Of the French railway companies that have secured
goyei nment two or three of the gold mining
companies that first ade their appearance and sundry
Of the banks and railways lately stand in all pro-
liability In this enyiable catalogue but in the majority of
knowledge tor instance that than the gold
mining companies the announcements of which were SO
even 1.-THE Of the nominal amounl of their capital
The nominal capital Of all tho gold mining companies for
California Australia and New Granada that have bsen
started since the Aqua Fra Company lead last
including only those that have taken place
on the official list Of the Stock Exchange f2 10000
its shares 1t has at least thirds Of its
capital subscribed for but it is we'll known settle
ment has in been without this pro
portion having been by any rssed-n other words
BY the adoption Of various suberfuges familiar to the
promoters Of joint stock schemes who have found
means Of making goodly show Of subscribed capital at
the bankers If reduce estimates Of the money
raised by these companies to 81
be nearly correct, but Of this considerable
portion has been raied abroad in the Of the
Nouveau Monde and other companies There are in ad-
ditisn several gold mining associations Californian
and Australian, which have NOT yet taken their
place in the official list, owing to their not
having obtained the requisite amount capital aud
for other reasons Making due allowance for tho
raised by these latter 1t may still be fairly that
the entire capital taken of the market BY the gold min
ing mania 1t termed considerably under two
millions stsring-a result that our readers would proba
bly, have scarcely anticipated after the
has been given to their issue and during
the last twelve months. There be in fact, more
conducive proof Of the dstaste Of the public spsca
ton up to the period than the reception
first novelty Of their Issue had passed off the premiums
vanished with surprising celebrity and II take the pre-
cent market value Of tho entire capital embarked in this
branch Of adventure find that 1t Is actusly at
heavy depreciation. And hear 1t generally observed
that the speculative movement has SO far been mainly
confined 10 q comparatively small number of persons
the general public having taken little interest In it,
According to the information We can obtsin It ap
pears improbable that the actually raised for
gate anything like thirty millions confederation tnat
viii 90 far to calm feeling Of anxiety that have
been sDgendered On looking at the class Of undertake
ipgs mat have presumably engaged public favor and sup
port We ut struck with the variety Of objects
contemplated The cry il not former occasions
favor exclusively Of either foreign mines foreign loans
home foreign railways on the contrary the assec
ations Of extremely heterogeneous character
always steamboats, and even cabs and omnibuses pro
jects for docks banks telegraphs mines breweres
grafton insurance canals reclamation Of land improved
candles, improved fuel roads cutting ami preserving
timber improved light chemical. and other mauures
smelling works, stone quarryDg engineering improve
to mention comprising even Crystal Palace
and an Opera Association. There has also been
spfipking OF foreign loans but they have all been
Of small amount, and, with the single exception Of the
Austrian have proved sgeuy successful that It
no prophetic capacity to forete that shall have many
similar applications As regards the future tendency Of
speculation there is evident bias in favor Of foreign
railways At home iron net work system has been
Ssn carried out and tbs example a.
the old and world, the governments Of which
alive TO the Importance of encouraging railway enter
France and the United States have already the
istance Of Engsh capitalists considerable extent
and many other States following in their wake Por-
tuga Spain Norway. Russia Brazil Peru Switzerland
Canada, Sweden, Denmark, Sardinia, Naples Holland.
Bepium the Roman States aud Turkey, un Ter
stood TO be looking to market for tho i'm
proving their system of comm uncaon aud the list Of
States that also bcsrna in the sense
hut In less degree would be still lengthy When
foreign line is introduced into this market with good
traffic prospects, and fair dividend guaranteed by
there can be little doubt OF the capital
at leaq buk
although the investment may good and tending directly
to the encouragement OF country by promoting
that Of other States besides giving stimulus to iron
tskings that apprehension is chiefly entertained IL
must be borne in mind that IT, in former expe-
rence an inordinate amount OF capital sunk In earth
work and stone and brckwok ut home the money g. in
fact turning In circle the aborng classes and many
branches OF our trade and manufactures ping
sble direct benefit, whereas when capital Is des
patched abroad. these accompanying benefits expc-
rtpced In minor degree only, while the prejudcial
effect on our money market and trade greatly
Under these crcum and In view Of numerous
undertakings OF q mi ceaneous character that being
projected in connection with the United Kingdom and
the colonies looking so to the nct that home rail
way enterprise might have been anticipated, IL
yng be doing good service to suggest caution In
connection with the applications for money preferred by
foreign States ETHER for railway or ether purposes
Unless his caution Ia observed may certainly look
forward 4 period By no means distant, when cur
morty market and AS inevitable consequence
trade every class Of the population Will sensiby
suer The progress OF enterprise 70 a. present Watched
with great ipee, by those able to read the money
market ard the whole subject i one deserving OF peou-
linr attention.
PROBABLE MpRpER.-A msu Named Daniel
rbe vas severely and believe fatally woupded OF
Monday evening" by another named Cornelius Cfovey-s
tho corner OF Eat and Grand streets There sso
qusr@ between the parties and crowly Ter o~ tne