The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1857-09-09

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upon the firm nd OF her wise ana ad muabe system
either ride safely through the severe financial storm,
obliged 10 into lqudas neither defraud their cred
! Tors nor inn air the worth OF their bills
PENNSYLVANIA.
From the Phsaslpuia Ledger, Sept. ~
TIE LATE EXPLOSION OF CAPITAL.
After severe .pgSgtDe or damaging storm at lea
the brt work Of the survivors 10 clear the wresk
fallen overheard sad only humping against The ships
sae 10 splice the ropes and yards that BIO damaged
Iii sho. boiler be, Wind AND water and clear away ali
the de1ecta wevntro OF war generally
This the work tnat remains 70 ~ Ater the severe
struggle that has been going among clipper built
bank boards ard stock brokers for the last few days
mutt be confessed that have he'd tremendous battle
OF t; and there but at all that
suffered severely not from the direct Ore OF enemy,
y least from the fy ing fragments In fact, has not been
much eneas with enem, oos,on Of
hold Of GU own ship TIA, hes done
tina mischief II has not been the contest OF the bulls And
me eesrs ey any msans '9r ID r.e, The oe. are al y
Exchange. Inst ohi Life and Trus: Company ope
rat ns Ia New Yo,s ike magazine OF capital,
| ye, clear al mystery
Enough, nossvtr, is known TO make quite clear that
there ~N tee gro sect care ssDess In those who mad
ohAae OF The mag zine IN Cincinnati and An utter reck
le.sntD about the seens New York. who had private
vaults ann n pleasure, and nine the
explosive pack ages "a were sth lighted candle Tho
board Of directors managed things apparently well enough
IN Cincinnati; hey sept their door spug and safe But
there anorber IN New York, he Key which
shsy deliberately gave 70 one mao sho, sithout any
sultaon vn them control whatever, could take
out and put int what he Pleased and unsafe
open whs, they kept closed and guarded 10 quite
that be 10 when he pea.eo and helped hinseN
and friends, ana poeared suca complete control that
tbeye might ~ veil havo been lock, or door, drsc
tors Oh the other side They did mot know Within mon'
whs NOS In their rault. II matters to In
quire INFINITELY ~hose spark 10 that caused the explo
rop enough, bat ia blown ups and nothing has ct como
down %. 'no yer ,.liresd ssocZ - bonds, which
q coa'.es great slploson ~ q ;fosuoea many
capital sroai Especially in those parts o. the .no where
there were smaller aznes Of expiove msera tnas
asps,k might SC, On ire Tho teller Of the New York
bsntnE Asociasion WA found standing nh the OF
bis magazine vide open, and eighty thoisand dollars
worth Of the danserors .tu in hi. ctarse scattered In all
directions This hardly before ble~ up Then
have followed 81 o,her kinds OF egIpns, which
these might naturally set On Are may have
gone has come down but stocks and securities
fbe ior4s Il ala iss has been felt chiefly among
the cas- isbsts, and hes SE slightly touched the CONNER
cisi men lis even Nscnlsbpg h6S much aud hos
gerry money has been spd II seekirg safe ,nveStnep1
sn All men IN bus.aess must ard VII feel he shock dn,
~ 40. AI Ss. the. sns .rccs clsssea sssy' We
been however 10 Zee how soid are the IRIS Of ms vese
ptn that bss v'tnseood these sidden shoass And ~h re-
ss,sou % g es .d general s sua integrity
via Which cApishus and commercial meS have BEEN
rrccSripg for The last two or three year. But 70 nay
tbs; ShDpdred millions Of capital has been ex,ted and
he,wn away smoke end vanished IN ihase railroad
orks, 10 ni laying above one half Of the trna. Tya
q OF Dere
pu, ip,c he Srnds Of roe srmcr and win ,esppsar 10
farming urouoe, easily irarsrcrNd and inus raised N
value. Pit eommercsi mer ndS expect r-oportionao,y
snail d'oouni- fror cspraist, whose money has v,nih
OF into air
pERvEBs1oS or pBE MORAL SENSE OF socMTY-
STICK 5AxsLIss.
From the Pbiadeichis 3nlie;.n. Sept
81 oaC uoes tie sigrs Of tee times tnore ID Ger
ala nothing more emsrEs1le than their uors mani
fts sfn jtd,hs cely f,Ia the hAsie and como nc. OF
stcoiy well doobs ahelncr aay clearly deaoed
ami t.,ttd ioehs rsht and vto.g really exist We c,n
encmbof he period sh lio wps Ito, then theft
breach OF trust tFsracefu chino, and any oher a.! or
dpLoue.ly an oil. nee es .hsd aud generally re
cognI1sd principles VI integrity, which sould excl ua
yer,ai retohaion Una e'nsn Tee sat' persoss 70 in
lacy. Bui the modern mofGid, Ike H9pefes doctor,
compelled 70 o4nlsim OF Nc oa csnous of virtue,
While contemplating The responsibility which n
I esan0. toa e.la " Truly have We changed ali
tnose juai iand whcosnne notions OF rec.i,u1o shion
4 once governed in y Affairs o. trade and nnAnoc
A rus1go vngueDeu and lnooa'istsDcY respecting the
pobity of badness 1ansacuoni not only prevails among
individuals, but lnda sano,ion "a our aTa II, Tor
example ispo and starving xSe,oa matches loA,
from bake. shoy. he Is nvi5cj OF larceny and !neas
cera,ed But Il Prcsiaenl o: railroad cauP.ny, or
ban savings inftituen makes way With the funcs
Of the ck hrings rria upon hundreds Of con
nerg people, he . only chargeaoc with what 10 ermei
ga Urea b OF irusa rather rcsnectsbe act, sording
70 The einos Of lie eay-and suffered snap his ansers
In The face Of tho criminal court or 10 so abroad 10 dxu
ate for the rect Of bin dsys Oh the rus q ns pccuon
Then hoso passng In The crowd for men o. %
peror sepse nd worth who ~oula thrk odous 70 pick
Jour pocket and ycs rssard - quite innocent 70 cneai
oherwne 10 the amo ant Of hundreds OF hoasAnds Of
| tolAfa
their dear regulations lie besupg ais faro table or
horse and yot they DO found, any day IN the
week. hui Sunday, engaged al the Stock Exchange " The
mosi cenoraixng Aad geLefaly perncious sspecos o.
gambling known In the whole circle or gsui.g risks
hey are constantly sasiss steir morey on the mere
chapces Of rise or fall in the price Of railway and IKE
securities; and, without Owning transferring dollar Of
stock in tie event Ct say sach oe, tse ~ssers arc settled
by the loser paying tho winner the difference IN The
| a he Aac1
prce on the day e. the supposed 'se People who pub
cly praciice ,his kind Of ousbes-who make resair
| prolcisior OF IT, and ranked high 10 the financial
c,clet Of Wall tireetcon.aer card playing loo Woe
wouldn't lie aeon speaking 70 Dsnkles," asd would
and The police 70 break az every "gsnbnns
bell in the country; YET, we Analyze The msi.s'
on he race Geld 90, caip,6e man Is tue sres. Mr.
Little, Of Nov YORK The' both gamblers essentially
The latter however, prince Of gameser He ol,y,
for magngoen! snxes, aud Was loses largely. Whsr
he wIs be wins for himself alone; ~nen he loses, az
loses for 9th people The hnbls rlgscr above bin
In that for he generally ruKs his mtneg, ADD snsf
no breaks or use toe more polite word fAils," b,
ruins nobody bat hlseK The stock gambler 40, hA'
his tricks ana frauds. yell the hum olcr members o.
bic craft BE dots rot ute loaded cce rtjcxed cards
The faro bankers ounnegy devised pox with w
biocen spriDts and false ides. BIT he has MS sly modes
u knookps stock 90 IN ad koVoking up, according a.
suis bic inercst IN the ZANE. and, 10 practising tbs
q professional hnos,e nc not ONLY W res the paid
ousr ndiSduh Rgsnst whom he mas be ayng, pnt de
pre- the vth Of Inc ptpcry and probably bsukrup
ooon less number Of Innocent people who hsy no per
| Ia gC phys bbt ~ unicn ne DeSt porlon, " tu'
whole OF their worldly Denns, "a made The capital %
which the socx Spectator lays his vsrcrs and perfoS mi
his aru for ra;sirg or lowering Il In the market
| Now We ass, In the face Of such facts Il have MOI
saSy coniuied 10 noons OF eecenf7, and hoa
esty, and honor We know hat the ~ every Dom
mGpiy quick enough sbd clear enough IA percepon
Of What Is cecidecy rsh wfopg; bat crime q
hDco away By false nomenolalare, and dlani1 %
mo scrt OF spenfId mrebe smsrtness ~ tas
sod.n successes OF tae lofty asd mubIsceEt crlmnas
rccosLize aittn ti ~ between sud wfoas
dvsrp phere essential difference exits fs~ months
AZ fNsaNX nftlU IA
aor ne TeiLstsod In toll credit Lssg h failed
FIR hve mi,iops ~ dollars Inc cry pert DAY he Ws'
reported ,sklEg his teat al the We
MN ype esd ask b. Tier huge psi dishonesty
10 Dot at premium 10 Tai street. sud ~hetber wnlt