The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1855-10-05


over exports so $40 3O1 3402, 1879 s6,5s5, 139 |
The balance against the foreign trade Of this |
port September last ia favorable than this
year The immense expectation OF specie in September
1854 up the aggregate TO an unusual amount while
fhe mporations but tribe larger than for the
month this year. The exports in September this
year do not vary materially from those in September
1853 while the imports in the month this year up
wards Of three millions less.
few days since the weak. brained individual having
charge of the department Of of rush
light contemporaries chucked the supposed chagrn
Of this paper at the rise in Erie Railroad stock. Espe
caly did he seem anxious how we accounted for
such rise the very day the HERALD wrote against it.
We not surprised at the silly fances of this ninny
particularly annoyed that the of the
HERALD on this as stocks generally, fails to with
IN the scope Of his comprehension. thousand times
have we sadoiten enough should have supposed to
lave hammered IL through the thick pate even of
rush light hiend-that have opinion, and express
opinion Of the OF stocks for the day We speak
OF stocks according TO views simply in regard TO their
intrinsic merit We address remarks not to stock
gamblers, who ''operate for rise today fall to-
morrow but to those individuals who have money to in
vest and looking about for a safe well profit
able investment. For their benefit We pursue our daily
hbors We endeavor TO look upon every with inn
partial eye. We have friends TO enemies to
punish in any stock and not therefore, governed by
the statements OF either bulls bears. We examine for
ourseves, investigate and probe every scheme to the
bottom If there is real merit Is freely and willingly
admitted just far exists and farther We judge Of
1T not by appearances b by facts not by the preteusons
OF its protectors not by the plausible reports put FORTH
not by its Peter Funk dividends by what know,
and only what be clearly shown We look TO its
Nest history to the prn:pes upon which it is managed
IN nd fufn and
all right uuhesatiugy and distinctly say so, and
If wrong shy that boldly and distinctly too. The char
ac'er OF the engaged Is matter Of consequence
20 us We are not influenced by array of distinguish
ed names. They have weight with us, for we have
seen too many mammoth swiudles perpetrated by
panic with board OF managers composed of some Of
the most respectable members Of the community. il
the easiest thing in the world to get up a
board Of directors for any bogus corporation of
most respectable, most pious, and most con.
scentious citizens, provided the proper consideration Is
forthcoming We prefer list Of plain honest directors,
svn II unknown 70 filed up with spectators who
are known for their wealth. but who possess other
qualifications for managing concern honoraby and
judicousiy We not TO be deceived by big OF
b. The claptrap put forth by interested parties viii
w. permit ourselves to be made instruments by which
schemers enabled TO impose their false conmoditie:
upon the community.
wall street operators are no more nor less tnan
st Of gamblers on d grand scale-gcueraly lying
cheating swndiing paoh. They have their cappcrs
and suckers, whippers in pmps and blowers, equal 70
any tbinble rigging in the country. The only
difference perhaps is that they do not always redeem
Their chips. combination like the in Erie bids
washes up fancy stock three four per cent
Just enough tn induce outsiders TO in tomorrow
they hammer il down, until the outsiders get
frightened and sell the stock back again. We want
thing 70 do With these spectators, with their operations
nor with the stocks they deal We not in their secrets
subsequently unable TO tell whether their ncies will
bsput VI to-day down tomorrow We only state
what In our judgment the stock will come 20 IN the end
To the class OF persons who desire TO make
vestmenis in stocks W. always happy TO give our
Edtice II Is for them wriie-Gor them that we make
Oh palfnt Investigations and keep our vigant watch
feel = kindly regard for this class especially the
u dseQA ~ widow aud the orphan We feel It To
b9s QS1nr most sacred duties % sincerely caniidly,
d&Sb Ne best Of judgment, advise these clas SEES and
p1aect thsn~H pyxisA~sessu the achcming svindiiur
RI cniadr. who Is at all time proving about seeking
victims among the ignorant and unintiated. Whether
w are likely or not 10 be correct In views md con-
EXCLUSIONS perhaps IL might be well TO consult the
columns OF the Herald for the last ten years. Two Yeas
ago Erc selling at So per cent New York Central
rs Hudson River al "a Harlem AZ Co. Crystal Palace
1so Our opinions regard these stocks stated then
repeated since hundreds Of times, too well known
to require repetition On the dav the New York Contra
books opened after the eonsoIdationthc most gigantic
and nearious swinde ever pepeta,ed in the history
railroadthe stock sold A i2s per cent We then sale
itwould sell at that hgure again II never has
n has since sold down to 70 per cent Recent spccula
zion has inflated II far beyond its intrinsic value but /,
Is on the downward track again, and must altiraately
ham aVa vpth III. ~.