New Orleans daily crescent. [volume] ([New Orleans, La.]) 1851-1866, 1856-07-04

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aseeEsssnas;s 81 of Ii ssel. ox
Esrif faii
Ehe following II AM extract from ore of Masatilay
hefy YoIlInes d tlie History III England:
Iyas abo9ist tllst the word
heard London. I'd te siigrS space 81 1sIr
yesrs a er9 of every one oSI con-
held out to subscriber te fIops III ir1enss
eaia4 into existence
fss paa 4 faRer :!
EeaFl flsleTE
Il she Aluaf so1npa Company tfs
{ s, vas Cons
paay, @ls would s Y soe
/ aIl we parl9Es of the class and or ali
cfaulDeEs NJ the higher There Was d Copper Cons
gsaleh proposed I'd explore HE mines n EpT
.and Iaas sad slsa hsa llops
i Diving Company undertoo to bring p precions sfs
fects from vesseIs and annoince NJ
laid ~ q stock o wonderful hines rescnb couS
t huge glass ere Ike that of cYefop and out BE Sa
| mitted.
The whole process was on thsa thames
f Fine gentlemen and fine ladies were invited so ffs
/ show, were hasptabl regaled, and were bg
seeing the divers i'd tleir paHopy descend irto tss
river and return laden old rona and
ddg dhgfe Was edssniaga Flslng gogh
buses ont the Northern ocean. There Nas u TAM
ming Company which promised to furnish leather
perior to the best that was from Turkey or
Russia. There was q society which undertook the
Office Of giving gentlemen liberal education oh low
terms, and which assumed tfle sounding name
the Royal Academies Conn iii porpous ads
yertisement,it was announced that the directors of
the Royal Academies Comp had engaged the best
masters in every branch Of knowledge, and were
about 70 issue at
lings each.
4#s There was to be lottery tWo th0asond nrizes
were TO be drawn and the fortunate holders 81 the
prizes were to be taught at the charge Of fGhe Com.
panys Latin, Greek- Hebrew, FRENCH Spanish c0nis
sections, heraidry apanring
and the art the theoAi
robo. Some OF these companes took large mansions
and printed their advertisements in giIded letters
Others less ostentatiou were content ink and
met at eotfee-houses in the neighborh00d of Royal
Exchange. Jonathans and GarraWay's were irf as
constant ferment with brokers, buyers Sellers meet
Ings Of directors, meetings of propretors me
gains soon came into fashion ExtenaFe eombina-
tons were formed and rnostrous fables sFera crcu
lated for the purpose of raising depressing the
price Of shares. SS5
Our country witnessed time those pFIe-
familiar. a mania, Of which the symptoms were g.
sentially the same with these of the mania o 1870
q the mania Of gf the mania III seized
/ the public mind An impotence to- be rich a con-
tempt for those slow but sire gains which lie the
proper reward Of industry patience and spread
throug society he spirit the edgging dieers Of
MhlteirIafs took possesaion senators Of
the city, Wardens Of trades, deputies alderIaer
was much easier and much more to nut
lying prospectus announcing IA new stock Eo3 o3uers
I suade Ignorant people could not
IalL short Of twenty ret cent FIVE
Thousand pounds Of sweatfi foT tel
thousand solid guinea5 than to load ship
chosen cargo for or the LEvan Every Hun
some new bubble Was into buoy
ant. sh0ne bright burst, and was gotfen.
The new form which coVetousness ahasI taken iii
nished the comic poets and an excellent
subject that subjectIess welcome fO 'tI1a1i
because some o the most pnloua and most sues
cesStu
sad eolored clothes and lank hair men sFht called
cards the Devils books, men who thought 1t d sin
and scandal to win or lose two pence over back
8gannon board. It was in the last lrarna of shad
well that the hypocrisy and knaFerY Of these speells
lators was, for the first time exposed to puf rislfs
cule He died in November 1902, Just before tie
jobber5 came the stage and tile eI,iloaTts
was spoken by an actor dressed in deep mourning.
The best scene s that which four or five stern
NonconfoIm clad in full Puritan costume after
discussing the prospects of the ousetrap CoInpa1y
and the killing Company examine tie queatfar
whether the godly may bold q cell-I
pany for bringing over Chinese rope dancers
siderable men have shares one austere person il
cropped hair and bands verify whether
it be lawful or NOT
These doubts are removed BIZ a stout old round
head Colonel who had sf0u ght at Marstan Moor and
who reminds his weaker brother that the ats need
not themselves see the rope dancing and that in all
probability there VIII be no rope dancing to gee
thing, he lises to take; the shares viii
sell well. and then shall not care whether the
dancers come over or no Important to observe Nj
that this scene was exhibited and appauded before
one arthng OF the national had been coutractei
SO ill-ntormed were the numerous writers who at
later period to the ionaI debt the exist
5ence OF stock;Jo and Of all the inInoraites
connected with stock iobbngs The is that 80
clety had in the natural course growth reached
point at winch it was table that there should
be stockiobbing whether there were national debt
or not and inevitable also, that there were ieng
and costly war, there should be national debt.