The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1857-04-20
FINANCIAL AND COMMERCIAL
MON EY M a IL X Il It.

SUNDAY, April 1e-5 r. NJ
The stock market closed yesterday dull aud depressed
The dsposton 10 reazo among holders appears 70 be ex
tending and there unusual amount OF stock pressing
for sale Public confidence In certain kinds os railroad
securities has almost entirely out This result we
have for some time past been looking for takes long
time to arouse the great mass Of people sense OF their
danger The credu,y OF spectators is perfectly atouish-
ing The word creduly Is employed, but the word de-
prayiy would be more appropriate. These spectators
rsade themselves that their schemes Just what they
represent and are 10 result ~ their interests incie
,hcm 10 hopc. They work themselves up into
the belief that hcro bc drawbacks no revul'ons
We see and hear daily Of projects involving The en-
povreut OF ons Of dollars, being GOT up and The stock
and bonds about TO be thrown upou the market Rail
road schemes of gigantic proportions are ushered INTO
notice companies organized on paper engineering and sur
vcy.ng expeditions fitted out, lengthy and plausible re
rors published and all sorts OF means adopted 70 g tne
schcncs fairly aaoai Presidents rcasurcrs, managing
directors engineers agents, find Cor time profitable em
poymoni and money 10 pay them is raised by sales OF
a,ocl or bonds capitals, once in Cor penny, ia very
ant 10 get in for pound lie grants advances with
tho bopc OF saving his old Sometimes the credit
Of states, Territories counties, cities OF towns,
q, tho internal improvements lands or FUNDS
OF a state are pledged 10 secure bonds On
such corrorauons and all understand what hrst second
! and third mortgages arc. We have heard Of large
anouns Of this class Of securities that viii como upon
This market within the next few mouths There are many
who purchase such securities 10 sell again, who 90 NOT
caro- whether they arc really good and safe or not pro
y6cd they do not dcprccatc before they can sel shcn
Though appearances would Indicate that are on The eve
Of nnancal crisis not only in this country but IA Ei
rope and Of which the failure Of Greene Co. OF Paris
but sign Of tsen though man has reliance on the
Cred, Mobcr Of France the soundncss and stability o.
the London money market though all see that the stock
market has eliminated to the highest point, yet We doub
| no, purchasers may be found for new stocks
! Of any kind and character, good, bad and
| Indifferent In the scc OF tho immense loses
b,, must have been realized upon the deprecated and
deprcciing stocks now the Market should not bC
surprised 10 see new schemes succeed with az little eo
"a IN times Of the highest confidence pretty certain
that ,oso who have suffered by the most recent dnancs
ooralious will not be among the victims projects
will require fresh supply for the next harvest nts
our rower to nip any scheme the bud, VIC shal mos
urcily do So Let bury the old carc'scs before th'
,i,r~b,sr AGAIN commences. We have only 10 run ou
ove over the list Of stocks now daily operated IN to nm
.,y If carrcn for The vulturcs to feed upon. withou
seeking OUT freeh victims
We rnder a7d that The payment a New York city war
,,r,s was refused yesterday by me cay ChamDerhn
the se ard Leather Bsnk They we're afterwards ouer''
N ssva,al Other banks 10 raise money on
1os Clov,aaad sad Tgiodo R@Joed CompeoT ease a'