The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1856-12-19

Trial or HUNTINGTON, THE WALL STREET MAN.
: One OF our criminal courts IL occupied at the
present time in the trial of that distinguished
operator, Charles B. Huntington, and the case is
exciting all the interest that is due to the fame
Of the man and the notoriety of hs exploits 1t
is not becoming that we should gay anything at
this time which could influence the Judge or the
jury, but when we recollect the escape OF
Schuyler, and the secret efforts which were made
to prevent his recapture and return, the abortivc
attempt recently made TO administer justice TO q
man who openly killed q fellow creature In bar
room, the hundred and fifty TO two hundred in
diciments against the faro establishments, and
the two thousand indictments against offenders Of
various grades which lie on the calendar covered
up with the dust Of years, there seems very little
improbability of the public deciding enormously
in this case. Huntington is charged with forge
ry. But he was also well known us distinguish
cd bull operator, and he is ending his career az
many other bull operators have done, both here
and elsewhere.
Gambling, out and out, faro bank gambling
such as is practsed in the gambling houses 10
Broadway, and is indicted, has its victims from
time to time, over whom great hubbub is made,
sermons are preached and prayers prayed. But
We arc far from certain that faro bank gambling
has produced greater or more terrible calaniitics
than gambling in stocks In the years 1924
1926 and 1926 the criminal courts were occupied
day after day in the trial Of the stock gamblers
Of that day. Mr.. Maxwell, the late Collector Of
tto ict nj tha ina nd
conducted the prosecutions, many Of which were
followed by the most lamentable consequences
Another similar period extended from 1882 to
1887, and in il Nicholas Biddle, General Jackson,
and Martin Van Buren, filed distinguished posi-
tons. What were the consequences of that con-
test between the bulls and bears Of Wall street?
After figuring for q few years they all broke
down in every direction. Mr.. Van Buren, was
consigned TO private life, Nicholas Bidde died Of
broken heart, aud many other bulls and bears,
stripped of all they had, died pcnniless, unpitied
and unknown.
These "Reminiscences should he carefully
pondered by the balls and bears Of the pre-
sent day, especially by such men as Wesley
the owner Of the Daily Times. 1t is the height
Of folly for him to exult 10 his paper, as he has
done, over the prostraton of his antagonist,
Jacob Little, for his day will come before long,
and be will need mercy. In the time Of the Uni
ted States Bank, New York was the centre OF
operations; and Philadelphia, Baltimore and
Washington outlying localities; in the movement
Of the present day New York IL still the centre,
with Albany and The towns through which the
Central Railroad runs provincially dependent on
it. Wesley-of the DAILY 7inles--is great bull
and CANDLES not only in railway stocks, but also
in lots, Post Office sites, newspapers Little Vii
lains, and al sorts OF other commodities lie
may be considered a. the modern little Biddlc.
His prototype and bis destiny can he found il
history.