The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1857-09-01
THE EFFECT IN CINCINNATI.


YrEArCI l. q = BLlNs-IUE ysCI L TORS ~ MONEY.
Prom the .incnnAu Gszets. Ausnst %
~trs p,ecDely thn same va ,oa, the form in
Which u dDasssr spreas. TIE fSiare Of ,he United
state. Bank the frauds OF schuyler the iiure OF pi
banks in 1854 and The failure OF ,hn Life An
Trust mrany, all have precisely tho origin. In
the dual result may be high crime in another
breach ofuust, and In Al other common commercial
fpinre BIT tho Of ho thing ID saras and IN
order that the esil may be avoided and Afey secured
shoad b. better Known and teer stated before yoong
This principle o. cause of evil ran hardly be defined
but ~ may be eIsmplioed In such way 70 bo easily
upcerstcod Men like Franklin Girarc, or say
rsin sober nen, call speculation. But ihis n pos
all Al commercial ventures, however well founded
uops AL the srea rahans Of this country have bceu
Spectators, n ono sense. Thoy have made large ven.
tu'es ON CALCULATION OF rcsui1 II this be done
capital prudent measures III. no more Chan
What e necesssry TO ultimate cial srcccss 8us
dpsrel sp.cula,ens are Of anosher ina rney
rot bOed on an actual and inevitable demand for hour
az Coffee but baasd the certain stocks
viii rse; that certain great advan.sses carried
BY ,reeH o' shai heavy ine est bo o,.aned fsuch
~o1lo astoosh sby loch) BY purchasing stsss and Sc
curiies We ,houd define n ~ pecsior weseut money
and credit tho vf future rise Tn announcer
form II Is dong precisely wha, gamble does shen no
Pits Gown 70 the table an pledges sum In gold sgsinst
the eh.noe thai he NAV vim me zane A pur snss Of
so sso 10 loan on socks. Tor the value OF depends
upoD breath OF pablo opinion
br hdde, OF The United SA'ea B,nk was splendid
example OF hnsnoial gambling Ho had more skii and,
VI 40 may expr ~ II, mo honesty IN u than aiy of
w
car, tho prbs improve OF the country sustain
ssie crtdit, Bansge the revenue ana lobtoi lhs
ch'rge. Of u. country By ,he porer of me "bsrt
creaf spd ri pover great slr1ost Justified
bis vast smbucn he and sno ban we're at La. ruined
by pyecisciy wtAt before u -speoul alton
ct hand peu t~en1 min no o. ss.s and osuk stocks
lke otreF br sers xas PEELED 10 pis 20 them bat
q, ,tacame ths tsTibce OF hose .soess ssd zoe
dkcounv rad mon inspi, Ho. fslls1 schuyler 2
He btgsn r.eor,aiirg in sscss. Bs 80. voa but ,ns
,tlch f.lL tie bo' ghi more bscswe tasy v~o
iou Hc pledged thtm 70, bosro mney snd
s la1t irued forged certificates. rio oJmmincd =
xen crime, rnd failed ~ hat lie W. psayinr
aysrtt IRE fUtuse, ard the fuiure vop-n1, only
ho Rsme, Bot bl. life and bouo- no oota,ls n too
Trust toupsny failure, nnt snow, thcy In.
porsn nov. he company has fsie', aud N qunc
tain, noi ~ spy orebsry conneTca br The s.cu
In nugsa 70 The New York Agency of The Trus CImpany
usle'isl TO the cssc these TIC Trust Crmfsny nss
been Tho ss,n for many Western baaks, frequently for
lhe safe, asd ior chants individuals.
fo1reo from ibi. that hsd the command NJ larEs
o. money hs.e ths, u vas sutisoi 70 oonrnasi
trafs, snf gssa age dealer IN exScange rne most
tupttiapt aud roe, hazsrdou. husress o ast Con-
psny wss oore IN Nee Yorx sO -lt,ssnciDg ls, thsi
hutirs" go fx a. the Vubhe know. sn,u-scd osoiY
70 Que nan, and ina, ny mosus he rcspuor.
be sbd beat informed IN no eamlany The oacs Of me
pe. ~ oopducleo on the sam. or,ce. sno surrounded
Nih he tame moral stmo~ pbere ~nTn prevails IN
mat remsrssole locality se suop--s ao' rs,lv
vorse tnan o,ner similar regions, bh ihe naos tor
se., ipri.t,oD.. me s-s 10. ses otsa loan
ihcir stsrc means IN ftocks Tne Ner fok Anoy OF
the rrr,t Q, mrsry cid The rsme = v"s every day
bus,nsss win The cssbier tbsre. In isef ,tn not
-rors. Mss common ode OF ousp@ss Bat tbe hazard
Contra FOR rne and e%r htv
q true that every hb goss rsrt, an1 the .ccs are
all anc nc ocmmercs a~s are orisnt ,ns IL safe
,rovth Bot 10 tay great saser hspyens the New
Yr,t d.fslcaron n ob bovewed the ru bio r-ua-
Serce impaired the stork s self ror moe than
ai,y cents u pain We knesr cannot axe himself
whole In fuch arsse, the chsr of sreai os mpasy
~ss The lea der, would probably borrow himself on
stocks 70 replaces nn hcked % funSs And uhus
gses emp cation u difhsut,s hlch -l ee hsrmi-s
ibe market rist, but ruinous II " faus rns wSs ihe
I'm the GATED States Bank spc NAV se me csse
With he trust Company The mopl IL Z vevy piain cus
ue point % ope of Esops fables Ioee nos ,he sub
snnce oy grssnirg 81 tho shado- >"
The speculation in money centres in Wall street. Nev
Yosk, and there may he seen furor Of scecuscu ma
ga Tor rambling, hch be no-hers else In ne
aited ssaes. The street 10 died al Of day ~tn
bank, from broker 70 broker.
Tho great merchants are there paying vt The Cussou
House. or dealing In tse banks rnese the aswcr
he place. Eost OF them int gent. fair dealnf bon
orsble men. Who meddle very lnis wto the gamblers
about hem Then there the great bankers, ~ho aso
are respectable men. Then come the couuvy oanseu
and and these may s,ssy 30 se ,es @ 90, :, Ss
taken In. Tben come large clses On nm orokers, o6e
,hsvers ,he hyerss ard the jackss OF money spe luh
,o's Then comes me sre'i army ?, s.os no'crs
tbe-e sts the poard of Broxs's, . sort o. oonrt Of
arpNvssu 10 secure honorable aeslng snons shupers
gn-k gsnsbRng scarried on IN his NAy ~ ~lb 900
: nses ~ Ns1 Yors ,rd Efs, teve-ahle in 60 days
80 Vow n me eud ~ sixty days Sie stock worth IS,
h,s ma Ter cent psvs him rcs TIE = ok, bus
se orssce rsf cert II Ere e iher worth as, A. the
,s,c, -, r ase rtr csui and ~ys nnn hat Nsrsr
~ tb.es nasaas tafe Fock, hirt .ssus ~
r.tt asei upy differences In cls vord A and hes
The ssYerre whstever rrsy -. - vslue n Erie
,ocs sstY sAss time. u vsiss y 1o,tiag ffon auy
9 hfr bCtrg. W. rlghl ulusEae Esanrsi sR0sb4ug bY
rsny 0ter examples Bat shsse arc saOash y "A.