The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1857-09-26

Every thing akcn for granted each individual cugsh
holder assumes has some other holder, by whom. per-
haps he wa: nI.s lea into hs Investment kee oArefa
wAtch And while this total Absence Of ORGANISED pro-
walls In England there actually powerful combination
the other aide for he avoWed purpose Of bringing al
other country The majority Of ,he lesdug speculacrs Of
New Yok are devoted 70 the task Of deprecaDg the
tonal credit Whether this arises from tse extent 70
be discussed large bady Of active persons known
to bc associated for the purpose they influence the press
70 work Out their Views. and are alleged NOT merely 70
meosipgs, and permanently TO retain legal advi.
sers, whose chef vocation IL may bs assumed u
each kind Of security 10 be called In question: and thus 70
create universal dstrust They said 70 succeed
vast number Of instances in getting heir creatures
into tho control OF companies oscnsby supporag or op
poSS them best suit their tactics In particular
Each revelation or frsad h hailed n tru ,h
aud such directors aud ders may sho dspo
son 10 take advantage Of technicsltes TO defeat au
equitable clam instead OF btns hsoted fro the Ex-
change, find circle Of admirers on this state Of
things would end or be srea ngs,ed II the stock and
bonchoders To exoope GLANCE. In most instances
the proce edipgs notorious xcd the Axty OF manage
ment complete long cont, ued that EngHsh In
vestors, thoy had Gy rational agent on the spot,
could not fail to be wavned But there II no London
Committee Of American stockholders and apparently no
DONE If possible TO remedy the evil Some persons viii
the best remedy would be found by avoidance
American Investments altogether; bat this, although IT
seems likely enough TO be brought about unless the
pectAble portion OF the American mercantile community
can connive to influence public opinion, u not . result
that any anxious for the advancement Of the best In
erests Of both countries would wish to see take place
No Geld for the smpcyn Of capital superior TO that
Of the United States, ara tho mpa.hies Of business bege
universal disposition here 10 seek II and trust to It, I'm
der such circumstances Il 10 deporabe that oWing To
want OF concerted acon among tho honest portions OF the
two communities depaved minority should command
all the channels Of enteprse and render idence i'm
possible.
From the London Herald (Cl,y Ar.icle), Sept. ILL
The recent collapse OF the Ohio Life Insurance and trust
Company ard the dsorganirea position Of the finances OF
the Michigan Southern Raj road have excited ccnsders.
BILE attention In the Laudon mtney market Although
there ents only repetition OF what has before
CURED In connection with American securities the English
public, Ii feared, will be sufferers through the
which accompanied this fresh revelation of fraud and
disaster has It appears been stimulated by organized
band OF speculitors whore movements regulated in
acco dance with the views they may entertain OF the posi-
ton OF certain properties Directing their best energies
decry and render unpopular the ssued secures hoy Oh
tain complete mastery quotations aud II the
be in week or unneahy tho resnI s absolute
annhilaon heavy fall 10 general value. Such
The statement contaned in OF the latest American
has elected the suggestion iat, considering toe large
amount OF Euglsh property NJ stake In these undertaking.
would be well II . committee In London were formed
and agent appointed In New York to cooperate win
he more Influential bankers and capitalists or that State
TO devse measures for protection fhis recommendation
deserves consideration, and little delay shoald be allowed
to occur In maturing arrsns emens which would give 1t
effect the interests Identified with capital OF ESQ 900
or f00 600 600 deserving TO be vgianty guarded bu
will st the ssme time, be requisite TO caution the pub
c against placing too much ldeLce In future In Anne
rican scures the attraction OF six sad per
being little compared to the risk iBcrrred by innate
depreciation The repudat0n If Ste stocks years since
e oter discovery Of the Schuyler frauds and the imnedi
ate Of smitor disasters should prore am.
pie warning 10 those disposed 10 rnake lnuestnens on
the Other side Of Tie AaGfsis Enormous ~ the
resources OF the country be check ought 70 be given
TO the e1ox Of money which In hus dishonesiy dealt
with and made the medium Of devsloplsg acknowledged
riches without proportional return or the subscriber
Large amounts OF English wealth have already boen sAcrl
nced In promoting the construction OF American railways,
the opening OF ib coal aud mineral deposits, conse
qrenty much - Il may be desred to cultivate friendly
Atons ith the United Sa,es the increase Of financial
the English holders Of American securities must, sfrer
snxious debcrsion, certainly be 10 Tealizs a the ut
advantageous period the remaining portion OF their pro
perry and MOI under any circumstances attempt by nsw
Inv esments 10 improve their condition Better far II
sacrifice In 10 be made, that homo colonial
nss anosld have the advantage Of the outlay than any
can Industrial enterprise ..
From the london News (cy article), Sept Io1
Ino Central Railroad shares armer tsday, the
Iaie severe fall having led 70 inquiry The proe
may be quoted TO prem Most othcr American railroad
securities remain dull.
From the London News (ct, artic'c), Sept Ill
e American sdvoes mcntion that all the directors OF
the Michigan Southern Railroad Company have teadersd
appointed 70 be held at Adrian Michigan on the 2bth OF
september 10 elect thirteen directors. committee OF
stockholders men OF good standing has also been appoint
cd 70 examine into the liabilities and resources Of the
papy.
Illinois Central Railroad shares showed some tendency
towards roovery 70 day, ccsirg st2S 10 3h premium
me posiaoo OF tne market Tor Am,rican secrri ies
During tho past week the actual trans bo.h In
American State and railroad securities have been few and
unimporar and prices ,t continue for the most pari