The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1857-08-29


this market just Is the New York Central That CON.
Germ q nothing more than big bubble, which
later must collapse We only wish 70 warn thoss Int
rested In time. State stooks, bank stosks and railroad
bonds were Ill 10 Yer today.
AT the second board the mAxkes al down. II looks
very much though railroad STOOLS generally we're a
soirg pieces. New York Central fell on y per cent
Chicago and Roc bland, l. ReAdipg. 4; Illinois Central
q Cleveland end Toledo, Milwaukee and Missile ipp. q
La Crosse and Milwaukee. ~ Erie advanced ~ per cent
but fell or Afterwards, and closed 1t ~ per cent Toe
msrke. closed very heavy, with feeling Of great de-
preston.
Tho Assistant Treasurer reports to-day - follow:-
loss receIpu, loSvi4 o!
Lo.G pay men1. .................... on oe4 %
Total balance IL, AL, b3S 70
The inteEess On The bonds OF Marshall county, EEaos
issued 70 he Western Air Line Railroad Company due
sept 1st and the interest tho nrss mortgage bonds
the Dayton and Western Railroad Company. viii be paid
and as- that oAts as the ONCE OF Atwood Co No
s Nassau street.
The foil wing from the Boston Pog contains some
pretty sessibe remarks regarding railroads and
nagemeu.-
The railroad managers should have proa!sd by
the biser experience Of Now Eogland they did moi, aua
Sufficient has already 10 light to jusy and pei
thorough eetgaon CT the nAnosi Grd busress oond
op OF al OF them, tie good q, vol a. the bad Too pub
10 must be satd that kno-s oil the tricks anc III,
res both great ard small that have been perpetr ated
any where II mpst fuls and clearly know what uueaYn
ed dividends have beon paid, OF
debt their reads are worth aud xnai poGt 1. made
bu;inesS oore must Ala every ad practically
fnished and must not be humbugged - tho per
ske OF expenses. 1t viii no. lghtiy oeeve that si the
wrong dpg hss been confined to the two oorco
rstcns iha have ezplodedt viii believe
BIZ tina, there has been less OF wrong In all up!n
vestgrted, unified and unsecured corpors atone. the
stock OF every road running from Boe,oa suffered
ratiorr. 1t Is suffering from It yet and to tell
the truth, II deserved to sune- for IT, less, for
there Iess Of coudenueb bis gno-ans, care
10 rno.s and exirs7sgarce And so 1t 10, faucy with
.ho railroad stocks bought and sold IN New York
full time that every sort of hunbug expelled fro,
topn hat the sheep vere set apart from the geas and
ths even the sheep eere improved a. much possible.
Until all this done tho beat OF thenl 10 be
handled The stocks Ct Some Of them viii be worth
one cent, for the roads and will be th
| the money they ore. Others quite valuable and
OF. thoroughly sad 70 ne public com rehen,on, and the
sooner this done the sooner Will the good ore stsod
where they ought 10 stand Ia he market AT the
moral hst draw for readers from tbs condition OF
the New York share market is "to let evec thing alone
until find out Jus bat II Is worth and to pay
regard 10 the apparently low price OF anything, s
putaou ever so good ito previous dvideu ever so large,
its business ever 30 enormous"
coempora,y In abiding to the insecurity OF railroad
investments and the recent depreol alton 10 prices for oil
mort every species OF property, remarks follows
Such the insecurity attendant upon every description
CT property that, taking into confederation he trouble
anxiety, Mistakes Declarations forgeres, Liabilities and
VI,
six per Yer snrun without depr scAop OF princi
Tor seree CT twenty years s better a'erase than
ode, Eg, for many years president OF the
Savings Fund or the Oldest and riches. institutions Ia
Iu Of hii observation Money safei, in cs,cd Il Elk per
cont Is more productive FIR term OF years In great
maturity OF cssea Than whom engaged fancy operations
promising, In their fluctuations mach larger return
Lancaster paper present two cAses In point I, this
neciion One that of"s very sbrewd and csu.ou OF
s ssarSn.snce, who retired from active basiDess
twenty yeA since and at 6rs Invested large porto OF
bis money in mortgages on real estate Tempted by hsa
10 ns own sssnens and sas.iy !. be nsg
right % have, be gradually called in all his
ey and seinss.ea i in note. sssursa by oel.
turing stocks. His rule has been 10 good
promsee with bonds shlros security per
under their market value II would seem that such
mode must be rae; but his experience TO- that with all the
care, roablc and anxiety that he has hsd-and says
they have been quite much when ho In active
business his capital has not yielded ak per cent per
nam for the whoe time" The same paper mentions the
case OF Anof err "who retired N Ike manner bat wac
PER into he had rather per cent,
with absolute security and the least possible trouble His
en and the longer they had 10 he boer they suited
him person wishes to pay up his note before IL 10
due he Is willing 70 accommodate him. provided h, fur.
he hss no trouble worth naming, has Lost interest
for day, nor suffered the slightest anxiety on scyoun'
OF hin Investments. Those are not noiAed c,scs fhey
represent classes Though the SIX per class very
mail compared win tho hor There IL security
W nc'fV p'IeVA W holtkaRcD on renl eNko WIN v
suffclohi margin, none that viii yield much IN.
come with 40 little anxiety and trouble; bui Jet
they are neglected by large maj uly OF money lenders,
who, In their esgerDess 10 larger income take
risks aud responsibilities which the shreNo canno.
avoid and consequently undergo int u labor aud
snxey more than equivalent 70 the interest cniraced for
n Their get H." There 10 probably unsafe basi
prosecuted than that or dealing In paper with
and vi bout collateral In the ntt place, no man can
afford 90 pay 10 two per cent FOR bis capital The
competition IN business too close 10 any such
price for money. msn may occasionally, 10 compass
particular transaction, venture "a double interest," or
even more, bat he caono hope to successfully compete
With ohos. 81 essh mesnF nth fgoh lead his shoul
n IL therefore unwiss n not din homes, 10 creditors
to continue the pay inert Of such rates, IN tue nope OF
working throt gh asanCill difficulties The lhnse
who arc thus embarrassed yield to their olfcuios the
better In the teccDd plscc, is illegal, and therefore
dangerous 10 lend money at any higher than
ccni per annun. Il msy not be Illegal TO buy slOsi
the market A any and whatevtr rae may be sgreed
bot n clearly Illegal 10 lend money directly bor
Tocr tthnz stock other collateral Tor rs payment
Berg Illegal u Ia sto unwse. and careful OF his
interest will shus put hinasen In the poror OF his
debtor.
The monthly return Of the BANK OF France made up
10 the l9,h OF August shows the following results tine
exchange taken al 25f 70 the pound):-
Coin and Buion. .fest6loo Decrease. cess 900