New-York daily tribune. [volume] (New-York [N.Y.]) 1842-1866, 1853-01-01
INVESTMENTS.
An s,count OF some OF the Fanc, stock
Companies.


What is to be done with the money waich Is
realized in the ordinary course OF affairs has a''e pc
co,c Kind of pazzle There IL goes on accuil liai4ilS
As resut of industry but what then! 4 person can
but cat one dinner in the dsy two or three co3,s are
about all he needs for tie outer man; ne can uut 'c "a
one house AZ time and in short, after paying away ali
he needs 10 pay he hnds that ne has not itie 0eE
for-nves;ment Since cur young DAYS lhis WO'd ~
vestIrent hiss come remarkably INTO use Ah6rc io'NnS
for investms sts and supply ordinarily iouo"s nc
mnnd up there nee periodical intervals an amazing
number OF plans for re said inyesulei,-in pam hn>
Heb relieving people Of their money. Few years sso
railways were the principal sssoroentz halSa! On a
,ouls,yhst more honest principle may possibly agun
have their day Meanwhile, the man OF money mas
opened up him very compsehensTe held log me IN
ye.tment o. his cash he send upon any rllSS,n
he chooses be NAV dig turf with Il, or he may dg god
he may catch whales he may catch sprsts or do y
other things but ii he II again alter ha.ibg rcii'
pushed his hold upon II, he must have exercised fe
discretion than fns 70 the lot OF the mory 81 her
M.csty's eges in their heltegskelter steeple-chain
ser 10 per cent Our present business however, is no
with legitimate speculation, bnt with schemes III winch
discretion Il exercised OF oy WAch dssteuJh s N
10 sleep-in word with bubble investm MS AMI the
history Of many OF the most promising OF these sPecua
tioos nav be read IN the following brlei and nor alto
eether mythical biography, OF an interesting specimen
which suddenly fell into lining way and supposed
70 have lately departed this life
TIE Long Rsnge Excavator Rock Crushing and 6 I'D
Winning Company was born from the BRAN OF Auro-
plus DobTowD, Esq of SmaIchsnse Dell IA The county
q
the 18th OF October 1851 1t az first shapeless ad
uupronising banting but being Introduced % tue
patronage of a conclaye Of experienced drynurses
speedily became devel, ped IN form sndpropofuon aud
before L ten days CID. was formally introduces, "uh
cisl gsrnlturo 20 the cxpecant public by whom It
was received with gene rsl appreciation and svor lae
new company in dashing prospectus, held iorth GER
tain prospect Of enormous advantages 10 shH'oiiors
with an entire exemption from responsibility OF every
sort The shares We're n million IN number, at one
mound each without further cal-onthe lOos@ca.h prn
cip!e and no signing OF documentS Anrophlu' Do
brow was chairman OF the m Mite cd management
The Intentions of the company "a detailed az length
in their elegant prospectus 10 invade the GOLD re-
cons Of the Ausfralan continent with monster engine
coutriyed hy the ndeati ,abs CrGstclh and which Il
was confidently expected would deyour the coil OF the
surefbus district az a rate averaging about three tus
per minute Il furnished, the engineer avcrred
with n stomach Of 30 tuns capacity suppled with per
tac grinders OF steel othe most obdurac temper en1
bling L with to dgest the hardest granite ks to
crush the OF quartz Into powder aud 70 deposit
the virgin gold upon a sliding foIr underneath The
macln be set IN motion by the irresistible force
OF the pressure from without and 1860 poundsweght
OF pure gold per cem was considered very low e't
mate OF lis powers Of production. These reasonable
expectations being modesty set forth IN circulars snt
public advertisements ana beckedb by the patron
age Of the respectable and responsible individuals shove
named, tho Long Range Excavator Company spec uiy
grew into vast repute. The starving herd enc1mped
In Stages Alley lew at % pen ink and paper and
apple atoms ior shares poured in by thousands. Ret
erees were hunted up, or they were not-that "A no
great matter haf million Of the shares were daily
allotted and that DONE TO the supreme delectaton OF
the stags Mr. StickenIup the broker, in conjunction
with his old friend and colleague Mr. knockenoh. fixed
The price OF shares by inaugural transaction o.
siderable amount, at % per cent above par, at which
they went on brSky. Now were the stage 10 be
flying IN every direction, eager 10 penny before
the inevitable hour appointed for payment the shares
IL curious TO observe the gradual WINE Of
meas IN the oeryal mind how, the fatell hour ap
y. cached, their demand for profit grew small by de-
grees and besut ully les From g. premium per share
to 81 from 81 to q from p TO A. and thence 10
such thing 49, ~, H. and still downward. till,
the hand OF the dial yeTged upon the closing stroke Of
tie bell they condescended 20 resign their Long Range
ExcGvstors TO the charge Of those who could pay for
the shares they hello The company now fairly
bhoat. BY the aid Of
Nv. clever ringers % PIT q the pot.
10 .tr trouua s,aty ADD serve vttc twas hot
the shores rose higher than had been expected Auro
phIlus Dobrown sOd his 50,00O al handsome premium
and realized what he pleased prygtely 10 term some.
thing substantial BY the specuatlon. The public DO
came enthusiasts on the sube Of the Long Range TX
caystors aud for few short weeks they the favor
lie speculation OF The market BY and by, however,
Logan 10 BE- whispered about the sub OF the
mOnster-machine the stomach OF which, il secretly
hnted was alaIungy Out Of order end resisted al the
tones Of the engineer Il currently reported among
psIie most intcrcted, tia, from late experiment. made
previous to emba katiOn had been acertaned beyond
doubt, that though tbs perssltic apparatus dgssted
pts with perfect Gaze, i yet rejected qartzI defect
which il but plon would be fatal 70 the proJuc
ugly depre sing upon the value OF the share In few
GGy they fell 30 per cent below par with fey buyer.
e' en az TINT ~ this junctufe u was discovered tha.
one Ci Tie drectors was actively bsafing the market
II the discovery not made before thstd sestsi
IersOnage who Ind prcy0uly disposed of the whole OF
hs original alotmen, ~ a handsome premium hid
secured shove 10000 ,hrer 81 cot Of rboIf half
n eir upset value colleague openly accused him OF
th dis graceful traffic al general meeting Of The lre-t
ors and declared that he had rot word TO express his
d. gtat Who Tor the s.ke Of his own uersouaI
nd y
BE constituents The accused rctored spi the ruefipg
HCwins stormy and sDu,ive, ended late az hight With
CiOsed doors.
Afow DAYS after adsrs began to tqke turn upward
T. failure Of the engn" def5 re1 % De 81 erro-
Bpd altogether unounded report. + wss boldly
sfsercd that the mail mOdelengne OF inc.l q the
loot Lad actually cru he'd several M ser OF Scotch
granite, End eliminated seven eight oulces Of pare
fetal snd thee specimens were exidIicr5 uad-r ,
ia the Office Of the COMPANY In proof Of their
irUmi bent fuceess. Vow the shares rose a7an a.
IspLy o ttCy had lGely iacn, aud honor L. g.is.
men Who had he'd on, bad opportunity Of tlinng
theilselyc- round Il j. 20 be supposed that .One OF
eI a. least did thstto their sasiaetion any rate
e re- pcctnbie and respOnDc eOncOcfOrs o. rae Long
kenge Excsysror Rock Crushing and GoldN.naiBg
Coupsny very soon began 70 turn thcr backs upon ta
pcbhc skoesher BY degrees, the whole body u a..
Tect0fs trUrtee counsel and aents dFindss Jvyn 10
solitary clerk pairing ~ nails in deserted o,ice.
Shares e. discount o. % 20 % - per ceat af-afet
the decline Of the speculation. Honorable gsa,laa,n
were refoited ~ have gone upon their t,sy-l. The
Oinee AZ rrt tmporaiiy closed, AMI then st 70 the
NV company for Bridging tie Dar1anslles on he To
bulsr Prncqe. Tie engine Ot he Long Rtrse Ex,s.
votof- according - TIE hf report had icunier.f-5it
whether IN the bruin o: Cru hea the enui0eer or On
The sclly ROcks we eouid DOT clearly make OFT The
only one Of the original promoter WAC has a,fary con
deseended ~ gr'tLy me gaze Of the public tae Baron
Bs1lkC9, Who, ew days ago made h;s srrea,l-e "a
ihe moDkeybosrd Of an omnibus shenee b. W. s,,l
deity ereofted By poeeursn b. lOO 70 the p-.,ec of
Hsa-tEste. who uEsyInpa.snsy Transferred hi,a -
Glen DV u jail iOr certain palfry thresre,,pV =
cam r. fue 70 apse u memory which our siaa -il
code peFFDis IA regsrdisg "a worthy of Incarceration
end Eart LABOR. lie Il now en- active zen her q
EN- psGy legally incorporated under government .asse.
uOr, tc- grinding toe lad utOn the revoyiu
Il net precisely known vhF the drst divted ca tie
LcDg ksLge Ezesystcrs Ti1 be decIsrel SIn.siae
~ OAsfo<s IA the J.. r. T. AMI the Tasmes Hsaas ~.
Ton Company, eEpeCt 70 draw both DIVIDEND a ~.
'tLae Gey 10 tie earre toe books arc safe 30 re
crstcdy 81 Hcsis H0,dem ii 1T aud BrCs- 4 Taege
Inn sud blnstured people not wsnsiny WI, l.,