The Ashland union. [volume] (Ashland, Ashland County, Ohio) 1854-1868, 1858-12-08
A Grain Speculator tells his Ex.
go s.as3e7 "a perieuce. 7s===

e rs tr1a =
3 = Is Frozn the f.his@rS rnfna1.
Generally 81 eaking, wheat. is very
good grain. It shows we'll in the 6eid
and IN statistical reports; il looks. we'll
in stacks and in the grauaries: and when
we'll ground, methodioally kneaded, ju-
diciously baked. and properly btowaed
and buttered into toast, there is no ono
who will speak more respectfully. not To-
say enthusiastically, Of. the vegetable
than I will For I am, in the main, .
man too we'll bred to do Otherwise
But, as an article of commerce, q medi-
am for speculation, am emphatically
down on the whole institution-both
Winter, and Spring; the one has proved
the winter of my discontent,' while the
other has sprung q trap on me like that
projected over uDwary birds which nib
BILE at the same bait. These remarks
may seem severe, but they drop as nat
urally from me as the kernels would
from head Of wheat that has been we'll
| thrashed. SO AslL y 'Aet.'a--
As every body knows, am the SON
| of poor but respectabls parents I
started in life with this talismanic max
i'm for money making: Buy when every
| OuG - oSAtAbk cCAA 9ASh SNGIl Q8O -
| buying. Nell, some few weeks since,
wheat, which bad been very buoyant.
suddenly fell. Every one was selling.
I had a little money, and confding In
my golden rule, pitched in and bought
at eighty fse.' Very soon the staple
conan odity dropped to sixty-eight.-
Now, thought I, is the time to get .
smargiu;' so mortgagiDg the Hrst lot, !
| bought more. Aud III venture 20 say
that my old mother never prayed 50 de-
voutly for her bread to rise, as did my
wheat. utstill il dropped Thefault,
they said, was in the East--(ex,use the
pun, If the pun is obvious) until, as Il
still kept dropping,oiI I rthought it my
duty to go into Chicago and put Q stop
to il. The first greeting that met me
as stepped into the TrepsoEs was tel
egram on the bulletin 5oard-sWhcat ID
fat Wheat probsoly was fat enough,
but this sannouneement struck me as be-
ing rather sharp truth. At IL o'clock
1 went down on Change. II is perhaps
needless to say that I found things ma
terially changed since I had bought
'Buyers' were Offering fifty avese every.
body appeared to be buying; therefore.
following out my apborism, / sold. The
result may be summed up thus:
Two months since / had money and
no wheat; subsequently, ! had wheat
aud no money. Noso, by the mass, I
have neitherl The second lot was .
poor lot--as poor, in fact, as the second
edition of Pharaoh,s kline, since il sWat-
lowed the 6rst. But I bought to make
margin. and / made il ! sfl5ss at
/ think that most operators will con-
cur with me in the following conclusion :
That to buy at eighty fiEe,' and sell
at 'fifty.6ve, will not pay, unless . man
does very large business. That wheat,
when it begins to fall, is . long while IN
reaching the bottom. That when Il
once begins to heat, it very sooD becomes
too hot to hold. That, after all, the
surest way to make money in wheat p 70
| plant ii in good coil Aud lastly, that
man going into the Wheat Market,
with even very small capital, II he is
| Industrious, and perseyeres. may very
soon succeed in owing moro than y 10
probable he Hill ever be worth,
a 79s3si 9sa SANDY.
"