The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1857-08-24


road inves eass 10 The exclusion OF al others Roads
and ross trunk nnss and branches monopoly roads
and rivsircads were bsiii Ike inAie esi most q
them pclS diytieods from the atari aSy amount Of
csp,.l could bs commanded yos long t!xas
this usAin steafiy progressed. LosEs were ess.ty
negosatsd boah n home end abroad Easopssn banss~s
dsvote themselves Guos. excus,vely negotiation
or EaiItas bonds and msos lsIse orsuaos slnpy oao
oonuml1ssops After Thia there was a. pause Beads
wers nssc easily cold, Lower prices wore accBpei
buyers not 90 plenty Europsan bs.Hxer. or Aner
ba,ks located IN The prncips cities OF Europe. when
such difficulties appeared purchased Large Amonnis OF
bends al sssvy dHoot o,s spi setslod SCI.
purchasers as good profits In stat way expsss
vas asa up, un the amour, OF hese sscrues exist
reached fabulous Gsav, As vsurosds
tended ooEpeop appeared aad became daily more
noabia Ii tho operation OF railroads progseaset tho
curres; expenses Increased. aud found tsst tho
dvideadscomoeocsd villa Coald lot cs continued The
system pursued found defective sad reports wore
made 10 Disguise and up uapeeessl aud ugly fac
Fer years hLs epecier ~ deception md fraud has
psacssss' vita SUCCESS aud all TIA nas ils capita,
anu debt OF the different companies have steadily 10.
creased. Al such unnatural artificial operations u,us,
have end sooner or later. The anat result
Of zach ryts-ns OK anansiernF bcssiy ,nrrsc
1t IL uear al naad Ths bubble hAs been blown To Its ut
most ane,oa, and muss soon oc,aIse. Tho scropoan
sod American bankers lao have from the beginning been
ideniied with those railroads, who have no. only rcgo-
ts,ed their cans but have become largely Interested
botese and OF their bonds occupy game rels
tive po loDs 10 railroad compeoes al ths m mont N
The 10 a6en houses Of v lid, wgsn aud wl.on did to
importing houses Of shs country IA 1887, should
nct Do surprised 10 similar results tbs nll houses
81 hai Zine In London connected with tho American trade
held stacks Of Ipo-.ers,paper promises to pay, which,
mil hal FIR tir,a
log honass London at the prsssa time with
railroad companies hold stacks OF railroad bonds
sccis which, no, beiDs available, must up by dopre
csioo, delinquency and reputation iEu,eose Capitals
and probably will be the Of failures equally lupor
iait those Of 1851! Who these bankers aud what
she- In .heso trying umess
The stock closed very heavy yesterday Holders
OF railroad .ioos have at las, become satisfied that prices
c.nro, be sustained snce The las. collapse In Michigan
Southern tho STOCK has boon very quiet TIE company
have been protested nearly every day sn tae marko,
value Of the stock down to .uch low pontr Tie dan
ger at present IL that She lake boats Of the company viii
be seized and gnon, Obtained sold s1oh
q movement would ut destroy tne tine Al
Judgments obtained the Aoatpg deb the mortgage
bonahodsrs yin have to take formal posse 10 prevent
the sale OF property Inc lat proten the company
for claim CT SIC cIo The magnitude OF the company
floating debt makes ii almost impossible to manage until
II can be seen whether the stockholders viii assess
themselves or not. " only about sixty days since
the stockholders subscribed sad hair million
OF dollars to relieve tho conraDy's finances, and
Il hardy prt bsble tina. tney will forward and
cse antsher r.!lca two, especially wien tia,
amount would not improve their position In the loast The
stock gore hook and ne bob and snke and the
the stockholders make up their nj ads thai the
better. Cleveland and Toledo Is another OF the
and IL Is going through the process. All the high
priced railroad sioaks gradually but steadily settling
down, and mus: touch muo lower points than have jo
been Known The mousy market IL hardening The de-
mand dursg lac latter part OF The week unusually
tive, and The supply appears TO bs diminishing An
favorable bank statement expected The calculation 10
that the specs viii be under ten millions Of Dol
lars This mast carry important contraction In the roc
u discounts The heavy shipment OF specie lat week with
reduced supplies from Calf Zna and other souScss mua
ur:svors5!e eec; the specie 90 only
for the pas, bu, for the present week.
Tho annexed statement EXHIBITS the expectation Of specie
from this port during the past week.