The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1854-08-11

Wall Street am ssseks-TAs sss sesS ard
Univsrsal Waning Company
From the Buffalo Courisr.]
The eagerntss TO In iulge in extrsvagsnce and
luxury, !. q, the inordinate desire Of wealth for
pleasures sake, has become 30 vital and overpower-
Ing IN element In all the transactions Of Mfe among
many Of our PEOPLE, especially in the larger cities
that labor for its own sake Ia becoming inspid and
intolerable and the golden fruit must be plucked,
no matter what dangers tbreaSen It's attainment or
what sacrifices II demands ct tae shrine Of Aammon
CHANGING over the moneyed schemes or plots Of
the last few years, 1t would seem that Wall street
Dad become the last resort Of sdvcnturers, who
with nothing to lcse (scarcey Of reputation,) have
everything TO gain; and who, like jugglers either
nom the security Of their webs, the incauti0us VIC
tim, and pouDce upon him, when within their reach
Inc appare' merit, the giittering aspect Of the
scheme. attracts the outsider but 70 the originator
Its facility Of deceit, its taking in qualities, are
Its most seductive charms, its most dazzling fasci
nations.
The purchase Of their stock. (of which they them
csy G aa nd t s o
tears OF sorrow beyond any question, II buyers were
scarce for this would indicate rise rather than
decline IN sagacions cunning and shrewd villany
Such rise they would deprecate. The fewer ras
Gals the better for them fhe rest Of mankind" they
would have innocent and c0nfding.
LIST ms imagine company formed after the model
Of many hourishiDg institutions in Wall street. We
viii designate i, 0hs hyperbolsan style Is the one
Washing Company"
The company issues its prospectus-a very hand.
somtly bound and typographical pamphlet Of forty
history Of soap, both hard and SOFT from It's earliest
INVENTION stating also its various uses and spplica-
tions down to the present time The importance, in
fact necessity of washing is also earnestly dwelt
upop, and the mind is gradually prepared by these
pleasing for fha
granme which follows. THIS Is the gist of the
whole matter-the complexion to which they would
come at list.
The pro yramme first sets forth the valuable pro
perry Of the company, consisting Of "a vast bed Of
ashes, In the immediate neighbOrho0d of q great
deposit Of fat" The fat is supposed to have drop
ped just at that point from the clouds-as ia some
parts Of the earth, blood flesh, and fish, have de-
scehded in rain. The origin Of the ashes is unknown
1t may be artificial, may be nstural-it IA not of
much copsee uence-"tbe ashes" are thar. Besides
these essential elements In the manufacture OF SOAP
the company owns large tract Of land viii h con-
ta,ns enormous quantities of alkaline earth impreg
mated with soda, and through which flows broad
and rapid stream The Board does no. wish TO en-
large on the great advantages 70 be derived from
this fine water power, and the abundance of excel
lent timber growing on It's banks. They would ra-
ther conflne themselves exclusively to the means
they possess Of manufacturing soap in any quantity
and of every quality; and the facilities afforded
them Of washing at the lowest prices In the short
est possible time, and In the best style and most
thorough manner, every variety of garment, with
out regard to number, color, texture or material.
To enable them " to fulfil the expect ltions of the
public" (these expectatioa aye always antici-
pated), the company nave Ted in the most con-
yenient location q " msjesls' edUice two hundred
feet In length by one hundred in breadth (nothng
is said of the heigh, in which both the soap will be
manufactured and the garments washed. Steam is
the power contemplated eyenua ally, when the bust.
ness of the company shall have increased so much
that reliance can no longer be had on water power.
This contingency the company think may not hap
pen In two or even three years. but to guard against
such result and be provided In the possible event
Of sudden fall in the water, they have ordered an
engine of one hundred horse power, boiler, &C.,
which win be ready for the faotory in Q month ct
fsrtbest.
As the property is located near the populous city
Of New York, 1t might be deemed advisable to un-
dertske the bleaching Of the unwsshed" Of that
to resort at to the steam engine for the sake
Of . greater power, the dirt adhering more tenar
ciously to the Cuticle than to garment. As the
consumption Of soap in the washhouse would be
It might prove highly advantageous to the stock
holders, q . method Of introducing more extern
sively their varied saponaceous compo znds, to
cleanse the hard" with soft and the soft" with
hard soap-to ssy nothing Of the benefit conferred
upon the washed by 30 doing.
An exhibit Of the company's objects and plaos
being thus made to the world, it only emsins to
demon strate their bright prospects and splendid
TO DO touched upon. It would almost seem, from
the previous interesting essay, that the company
had NO thought Of filthy lucre;" thst their object
was purely benevole0t, disnterested and Clearly
Far rom It. TIE dollar prompted the Alpha-b1t
itself alone was the Omega-she summon konum-
the grand climacteric.
The report proceeds thus-" The capital OF tn
company Is fixed at 50 900 000 800 900 shares ..
standard that all classes might participate in the
advantages and profits of the company" (The poor
were 70 be taken in" as well a. the rich.) 1T is
estimated that with 900 ,0000 pieces per week. at
price being cents each the annual income Of the
company will amount TO 81 100000. Deducting so
per cent for expenses, leaves $4,000 az the net
PRONE ior one year, or about IL per cent on the
innate Of the number Of garments washed"
With million Of inhabitants within circle Of
twenty miess in diameter, it may be safely conjec-
tured that at least l00000OO Of pieces, garments,
pose ope.ff,h part Of this number is dome up" at
our establishment land considering our propinquity
and cheap prices this Is not An extravagant by
poihesis) We shall have clear profit Of one cent on
each piece washed, making 100000 cents per
week, or 100000 net profit per annum, equal TO
90 per cent on the capital stock. We have RETAINED
from dwelling en- the profits that must accrue from
the manufacture and sale Of soap, the cultivation Of
alkaline, mineral, and vegetable wealth. We have
labored and we think satisfactorily 70 show what
vast profits We must deIive from washing alone,
and as our obje,t is one not only Of emoument to
ourselves, but Of the benefit OF rsce-having at
heart, at least, their outward purifcaton-we feel
confident that our enterprise will meet the hearty
appreciation and encouragement of the public.
Signed, /. LYE, President
A. l.. L. WRIGHT, 6ecrt tary.
Tie company sin full blast II has It's bull pa
per and it, bear paper. The Morning Chronicle,
(the bully announ ,es that the company Is doing
great business, and that 3 semiannuL dividend of
IN rer cent may be expected next month. Wall
streets astonisbed. The stock was selling at u so
per share, $50 90 being par)--but now how rapid
Iy II rses!it ha6 reached Sc 00 The old ones, who
started the humbug, and whose stock cost them ten
cents share. now sell ont. They keen uuiet cav