The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1857-08-09

Wi HAVANA July a, 1857
SvsvSon Of pe Stock JsS"o ka"'e- no - I. saso
y.,.h.r ana Prpfn-B s~k Noos h.a~
800 $500 superficial Fs~a"oaa Sscu'Ss-
,..o.x wavkr- va1 Of Resi- hSee o'
-. r--.uyd- Government Dreads ne'"
- ro,,c.d With great pleasure 'ne prov al view
- nv the HERALD Of tho onance' :" sd,tou Of our
-, and send you few remars-. upon tho present
,.m.ous state Of things here watch hope you win find
worthy OF nrernon
me stock cuating mania has taken hold Of the public
mind here extent thu ceeds the widest Of
speculation Among ycur practical people, and the
number Of brokers epgaee In the business Of buy
log and selling shares e not less than twenty i've hundred
three thousand Tue pronh Of these great
that many Of them make two and @ high as
Eve Thousand dollars Of morspg, and large number OF
the clerks Of the have thrown their
situations In order to engage In this occupation where
they can make moro In one week than their salaries
amount 10 In year.
The ereateet scouaons made In The shares Of CON-
psDies projected but not yei established which vary
rapidly In price favorable unfavorablc rumors Aztec
them In making ssies the nvarsbc Coz ihion is, tnat
the company ihould not into operation the prem s
received shall be returned 10 the purchaser and A. many
never n be lice need by the government, everybody
pecu TO have their money ros1rued at the eee OF the
Bot the share reve has taken hold OF All casses-the
Cuban planter snd the csutous and rich Spanish ia
ssd shopsaea a. vel ~ the thousands Who have busi
ness or property, hav.o9 Ill flung Themselves into the
ddy stream The numerous new banks have stimulated
the spirit OF specua,oa for IL has ORA forth nil
Of bearded gold that vas long laid unseen filed
versai NO man cares for money, promssory note
being jast as god Representative Of wealth
people think !. never soSs to aissaper" en.,reI T
for they popS to the great profits OF the sugar planters
laughs and says this state of hings will not last, they
ny the crash cannot be great in England or the
who will ose In the cod will be the cspi.hs and sugar
planters
And brings xha.I had intended write
The rise in he value OF sugar producing here curl
effect Every that turning bis capital and credit
into sugar plantation The force Of the imalocs will be
seen BY citing the example Of one or two Of our great
ne Alfonso and ALBANIA families s. i'll each have in
CONE UNI yea IRON .oer suga. e:s.es o. over mon
and many OH ers will not fall below three quarters OF
mion, and the Dagas OF this city, ano Car sro of rrni
DAD, will probably reach a. high a. million and half
Tese the princes Of sugar planting, but the multitude
follow In similar proportions and the planter who has not
income OF sl5oooo this year Is looked upon as small po
This, sad before carrying every body sugar
planting Negroes and land have advanced wonderfully
In value real wealth has increased amos as much
the fictitious The popular opinion here that the expo
sion that must come will result in the ealing up Of the
sugar planting wealth by the fictitious wealth that
younds It, 20 not think this the proper view take OF
the futsre that the character Of laws
and adm nraton of justice going TO produce oppo
site e1e that s finally result In the perfect establish
inert Of absolutisn or political revolution.
You doubt aware hat by laws sugar plan.
ision and all there 1t cannot be levied upon and
sold for debt The law protects them. Nearly oil the
great sugar planting ortunss here have been made by
running the estate In debt suspendng ment and then
compromising with the creditors When the fever
Of confidence breaks up and engaged these
specuaops suspends ment those who have succeed
ed In eetn their funds and credit into sugar Estates will
be Of comparative e~e while the rest OF the community
viii fpo themselves shave and shon. Taking into
sderaion thAi there less than two thousand sugar
plantations In the whole sand you win easily that
really wealthy Clans will be small 10 number though great
In poe sessions
The danger in the present fever, and
is desrous Of putting stop 70 II, but Gen ConchA may
lock see far greater danger than he dreams Of
The thousands OF impoverished and runet families which
another year viii bring 10 him In this lslAnA