New-York daily tribune. [volume] (New-York [N.Y.]) 1842-1866, 1853-06-22

our own msrkst has crested svoraos l7elaE ig'
Fysnch s4cur.iee Viii n have not oeen severely p11'
"a 10 IT, cooringer css supposed TO Dc cohnec'Sd Win
n,Ilonos,iop o. present rule 10 mat cSpual
D. ~ America has .tracied our money not only 10
promos- Calf rnisn mining ou s,s' her -n1 "
~. AZ shares have likewise swallowed up cPnsd
M nm Australia with full competitive go!dprofdcng
s.sr bas no. been neglected The ru.h ~ IMMIGRATION
- ,bose localities, wonderful "a ii has been has nearly
hesn souaed ny the eegerDess which s'at and thaknS
csntsst have manifested and not without prsceten to
embark IL resuscsf>d land companies and oanSs2 ana
mining scheme. The stree n in this direction although
The latest has been the strongest and there svsy reason
10 believe that in consequence Of the violent ucu atoms
In prices II has absorbed by far the largest amount OF
wealth end h is rot srksbe because such onifenc7
has been placed in the representations received OF me m
cressing yed Of the precious metal in victoria and Syl
ncy, verified as they have been through ths renahcs
sent forward by every am saHg vsa. m Il ne
impression created Will t. the linitabe capac
ties Of those colonies has not been diminished olt rn',
The r>ry. hss been more than confirmed. Mh't
vshder then seeing the metamOrphOsss suddenly taxing
place in Australian Agricultural ADD oh-r d-ssn pnons .
shares that mania should eDsue, and tbN 4io,a LIZ
should be forced greatly IN advance oil tno's P0'"N'
CURRENT
Dazzling however, prospects may SEEM 1t IS cerHn
that We are on the verge 81 change Ltts more IDA
wear ard half has ELAPSED since the Ottoman conpa
MES were introduced and we now ma oafsel's' suL
ed With all descriptions Of adventures S'ns -. nm
undertakings bsv- been insfed hut WIN on7 or " "a
esn,ions they have been ingnsrly BfeciOu5 IN OK an
ng the desired supp IT Foreign and coi'ns Pr1r9 Oh
the Other hand have been encouraged BAT no' so -
rdsys gone byyet still 10 an extent toN Warrth's sE
treme circuInspectOn IN future operations mere IS
strong feeling abroad III the pee pie arr becoming oppr-
ed With the weight Of these responsibilities crcu nsi sne"
indicated by the ab-tnce Of vitality IN these pArhuM
classes Of shares The complaint made on All htnls -
that the thing has been Ovtrdone and shat better poor
there Of the fact than the fearful is OF a's5St ql
toDs daily figuring in he reports the STOCK Lkchtg7
The discovery Of the unstable fundatjn upon Nhi'h
several Of these schemes have been reTed have Pompel
nisgvr % respeotng the integrity Of Others which, view
yff - initial
fail and occasion loss TO t1Oss Interested
With regard to the part the public have tken IN
the recent range Of gam bling II u scarcely antcpNod
that they will be found 10 have gone the eng ni many
may have supposed Although they have not wholly kpt
aloof from the prevailing excitement opportunities i'r 80
sefvson show that there has been less cispoon On th-r
part TO rush into the business than there was N the frantic
year Of ls4j Besides, the amount involved has been
much less considerable Then there nothing brought
cut unless the shares were accompanied by deposit OF
1Os or Is Now ave in the Of subscriptions t.
foreign loans, French Danish swedish railway. and
Australian banks the highest 'um demanded has ben -
per share paid IN full and frequently less therefore, h7
receut speculation bas assumed mOre Cf the character OF
- little go' than wide exrsvsgaut mana. II has
nevertheless been sufficiently formidable t. Greats uue!si
ness its results and UOE that the bright days OF pre-
mums have faded the cau'ious opera RS are quietly WIN
drawing to leave "a their fate tn who possess the bold
10 aniicp ate favorable reaction That large amounts
have been made ard lost during the last wev- or eighteen
months there car b. question: bst the ultmit- gamers
viii be she parties who. T. the p1rsseOogy of Ctpel
0n, have had the Hisd"m 'io take their profit ant
pooh The aarOut O1e special feature noticeable 10 ret
ho - The progress Of these ctos Is the perfect
apathy with which English and foreign railways have
been regarded The majority, notwithstanding they have
been auc-d and guaranteed 70 .xtrnt by capt
tass Ike Peto, Brassey, Belts aud Teach an1 ny ihe
r. spe, i've Governments whose behalf they have
been propose ('be Of dividend secured averaging
from {" per cent? have lot Heated and several whifh
for couple If months commanded slight premium have
sur below par, with httlo prospect # recovery.
Having thus cursoriy reviewed tae various phases N
the mania il is thought the following conclusions may be
safely arrived viz first hat although there has been
reappesrance Of active speculation among us It mas not
been extensive u some years since secondly
that nOtw IN standing considerable sums Estimates o the
nominal engagements # the country on th account vary
from 40 100000 To 100000 000 have been subscribed
principally toward foreign and colonial undertakings they
have been spread through different channels aud ia com
paratively limited amounts and thirdly that unless IRON
unforeseen CAUSES supplies OF bullion from Austrti
ana Csoin4 shall rapidly decrease we need apprehend no
very violent panic ID" prob able consequence OF TINS 'ct
ivy bad aud doubtful schemes being sure to decay
from their hamilton while those which inherently pos
elements of will ouve any temporary storm
that may from the pressure OF projects On the
public.