Glasgow weekly times. (Glasgow, Mo.) 1848-1861, 1857-10-22

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Passion of Gambling in America.
We are in the midst OF crisis, in which
more innocent people unhappily are suffer
ing lhan the guilty, brought on mainly by
the furious haste of the commercial world
to get rich by hook or crook. Two-thirds
of the anxious, worn, cadaverous visages
which fit up and down Wall street in ago.
ny, any Of these days, belong to men who
start in life with one of two great objects:
be President of the United States, or as
rich as Mr.. Asttr. As there cannot be
more than one President of the United
States at time, ar the Office cannot be had
by any amount of successful stock jobbing,
the majority speedily abandon all hope Of
presiding over the destihies of this great
nation, and fix their whole attention upon
Mr.. Astor's fortune. The accumulation Of
so large sum Of money as this gentleman
is popular'y supposed TO possess, is attend
ed, even in this great country, with consid-
cradle difficulty, but no man in New York
need abandon the hope of amassing some
thing approximating 10 it, however distant
ly. To do this somehow is the great thing;
to do it quickly is a still greater.
The first step is 10 get out OF the board
ing house into one of ones own, possessing
a brown stone front, and furnished with
corresp ponding magnifcence. A large house
is the god of New Workers. idolatry. 1t
is his saradise, the bourne Of his striving,
the haven of his rest, the nurse Of his hopes
anG he mother of his ambition. With this
he is proof against the arrows Of fate. For
this he scorns delight, and lives laborious
days; and for this there is no scheme how
ever desperate, he will not rush into, no
odds however great he will not brave -
The passions for material luxury which De
Tocquevlle sets down as one of the beset-
ing sins Of democracy, has come upon lis
in a flood, ard as it is passion which ad-
mits of no delay in its qualification, it has
begot desire 10 be rich quickly, which the
ordinary returns of slow ard steady in
dustry are totally unable to satisfy. Ex-
traordinary gains that will meet the ends Of
this ordinate ambition are necessarily at
tended with extraordinary risks, and the
law of chance, unhappily, is more favorable
TO the blanks than the prizes, and for every
lucky throw there are hundreds of terrible
| failures.
The womsn, far from standing aloof from
the struggle, halloo their husbands on 10
bolder ventures. They stake largely, too,
on the result. They buy boldly at the
miliner's, ane jewelers., and carriage max,
er's, on the faith of their husbands good
luck. II he make bad throw, so much
the worse for the milliner, jeweler, and car
riage maker. There is CONSERVATION in the
palace, and bailiffs in the hall, but the starm
soon blows over, and the stars shine out a.
gain. Foreign capitalists are induced By
one party 10 send their money amongst us
to make our railroads; another party sets 10
work instantly to ruin the railroad compa-
MES, and, the work accomplished, raise a
howl of delight over the crash. To ruin
somebody, overwhelm somebody, crush
somebody, kick somebody out of the way at
whatever cost, is everybody's great aim
Absorbed IN this Bedouin mode of life,
laws, learning and the arts, the police, tax
alion, religion, morality and health, are
matters of which the successful business
man recks nothing.
The whole commercial world is a great
eight in fair, every man for himself and
nobody on anybody's side" Principles are
nothing, and men are nothing, and women
are nothing; Slavery is bore and Freedom
is bore, patriotism is all humbug, and so
is virtue, and ploddmg industry is..conempt-
ible; twenty per cent. profit, not on ones
capital, for one may have no capital, but on
ones transactions, is the great end of ex-
istence.
That this tendency is inOrdinate specula-
tion-to rash and reckless ventures, which
characterises business in America more
than any other country in the world, is to a
great extent the cause of our present trou-
bles, no one can doubt. That the habit
will be cured by the severe discipline our
business men are now suffering on account
of it, we see no great reason to hope. If
troubles would produce this salutary effect,