Richmond enquirer. [volume] (Richmond, Va.) 1815-1867, 1856-11-28
From the PA!laiclphia BUiic,!n.
BILLS AND BEARS.

We presume that there ~ not many "t our read
ars who have n"t hvsri q. The wei! known terms
.,ull'' and "Dear,' ~ us.d 10y BOXERS, ar who ar,
an, awGr. that the former word Is applied t" tho-r
whose interest il is To- increase =. prIc- of stock
whil. th. latter on tn contrary, belong TO tho.
wlu -rck to ,rpr.ri ." il. Few, however,, ar: uwnrr
of H.. origin ui ciit"r Of the terms. IL il pnpwlarly
s,id that tile "brar' IL 81 called. because b. eudra.
yur- to pnw ,.pr!i down. vi = the bah on the other
hand ,o,,es il up, rs tia: animal is wont 70 du with
his horns. But The bears al least are an ancient IN.
| ,,iiurlun, aud the term, rs applied to stock brokers,
la;,s from more than Il century ago. lis origin, in
act, il from the fable at Esop, IN which We arc tod
hal twO hunters. att-r GOING In y furrIcr and obtain.
m, from him ti: money Tor u bear -kIu, Wen. ru; to
hunt the Uear-uni far-t very buddy IN 50 doing
FMS is, We beit-ve, The trst operation ION time on
record. but Ne regret {" say that lis exanp!~ appears
10 iItv- had very iittc effect III dcirTrIrg subsequent
nuut.lnru in THIRD street and Wall from selling sep
skins, not nS Vet IN possess lou, and winch are In be
'drumned up previous tn some coming day. The
term WAS IN very grGrrs. use during The South Sea
cAcitclnunl. and Is probably Ut a much earlier date.
Now the bulls cam" by their nams ia, We believe,
- Vet n ,na,irr OF dnlt;. On tins subject such au-
thnrilirs a. iirn-r. Mares ard Bartlett are dumb. II
may b. r-mark"! that, rs III almost every country IL
Europe, the ball /. by some singular r"iuCl.encc rs
,un-i in popular fable 10 be- the natural toe uf the
bear, Just us tho lurs- Is ut the wolf, wc heel seek no
further Tor the true meaning. We 20 deep enough TO
'hr bottom of the well cl truth, when wc have reach.
ed the iuuI.
o. NJ! nni;nnls recorded in Natural History. there
are nom which C!,us,. oI. huuircd h part al Ia" m!+
chief bruu!ht alb M by these saur bulls and bears
They rXLys,rntc stock vHiu-s, which wpuli other
wise >WG!, u s:rld, level. IH'Un hallrouIug, bursting
attitude, or by ingenious 'n#.noruvcrS aud trucks whlch
W mid asl0ulIi ANY "n- "ii "I ih- business, rrntrl.r
To 4 .urr-- tI-m, even ~ III" r-k a CHu,inS suffer
ing IT, thousands Tary cxng-eratc both prosperity
nnd adv.r-i y. aud are JcynH! Question the greatest
foes 10 the gradual g.d healthy proIress OF the former
cx;ant.
And yet the bulls aud bears are, without doubt, Il
necessary eva. Society, wItn It's prer-nt system OF
iu,iusirIni drv-lupln.ur. involves. H. AN absolute lie
cr-siiy. incorporated institutions and stock, and stock
again Implies irlnS!"r, and with il H class "t men
who, having inaStrr-i the system Ut business HmG
endless ieclInicm,ilirs wt:rh i involves, turm iI"m 10
prOnt. Taking tHrrn H. tH- old phlio-OpIcr took his
chrcsc, = 81 through, - VT find them. due regard be.
iig had t. the , nerGi action 81 the class 70 which
they belong, Ii-rinrnbl" from business a. Il now e1-
i-t-. and even productive OF more good than harm.
The same Impulse which produced Il reckless spjr.t!"
Ldy.u. anu selling stock, has also produced u cHrrvs
ppudlns cErrgy which. III u majority Il c1s"-, InHKrs
good The rash Promises made ~ ih"s" first ~ ih-
rl:!d. The history I'll took institutions. III i!Gis country,
has shown gfea, daring wtsc!I has ev''i'uth% pr"
ducrd, ny cxHnp!", Il drgrrr ri rhr-'T.mr'r; ava Il ihI-
degree be-, in Inguy Cns",. !r Det"rI ia; ''i:!:s 1t
prudence. Il i. sill ,I!l.rir!, ~ show that W. have
proii'-d by by gone t'hI=s. Oar friends Ia Europe
iGr lnu..ryrd multitude, - Yet without experience VI
irlit stock Uu.. prss have Shown how lIn'nra-urhoiy
:4r they are b-h,aI H. "a Saril matters. oy their pre-
sent, or, We may perhaps shy, recent crisis. The In-'
cigni""n moutns IN Eurrn- has cr:rrsprn!cl ~ our
own 'liu-h times" ri; 'S3i and 1870; lh""" hAs been
the same reckless disregard II "il-cqI"nr"s- thc
same li!intaG!r hop ~ tHe iu'ur". II - very poi
Die that We, whr 'av- Been 80 Thoroughly through
the mil of flush tins u:i the rrIct,u'I. irhy i"'"r
he called uu to weather II ~ tnris. crisis 'Hu-r'' rom
wUHIN. ExfrHn-"u- c.i!.re may. "i coarse "'l''
;.Iriu nbru'; bat w.. entertain - !. hopes max IA
.i.ua, G,s,"..;r ci. ~ 90. hu.ls "cI 2a..- w"' '1'''
clirc: -ur:l T. stat. ii G~..y;arn! giosrs."y-o: "i't:
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