The daily exchange. [volume] (Baltimore, Md.) 1858-1861, 1860-11-24
From the Chicago Democrat.
FRI
GOOD ADVIC
GOOD ADVICE TO INEXPERIENCED STOCK
SPECULATORS-STOCK GAMBLING ON A


MARGIN. -
The recent heavy fall in stocks in New York has
peen che cause OF very heavy loss to large num-
| per OF young men in this city, who have been
gambling in stocks on margin" The wav tbis
little game is managed is somewhat as follows:
young mana clerk in a store railroad con-
ductOr,a baggage MASTER something of that kind
has contrived to accumulate a small sum of money
say one hundred dollars. Having got so much he
Is naturally anxious to get little more on the
principle that man never is, but always to be,
Dlest lie reads in the papers of the enormous for
tunes sometimes made by lucky hit in stock-but
then he remembers that to speculate in stocks YOU
must first have them, and that it takes more money
than he has got, as he suppOses, to buy enough to
make rise IN any object. But he goes to a stock
broker and lays his ambition open before him.
Inc broker listens, sympathizes, and finally en-
cnants 'he young man by revealing to him the
says the broker, Il have cot for sale i'fpe foe-
ty shares of the Swampville Red-dog and Eden
haliroaq. Ihese shares are of a hundred dol
lars each, but owing to the present state of affairs
on the road the market value of them is only frtv
collars. On the completion of the Youcautns
branch, which connects with this road at Eden. the
whole trade of the rich valley of Skunk creek will
be poured over this road, and its earnings will in
crease one hundred per cent. gentleman of vour
experience, my dear Mr.. Smashtrunk must see that
under these circumstances the stock of the S. r. &
f. IL. must go up, possibly to $780, Now YOU
may take this forty shares on sixty days' time,
ou shall advance me S25 on each share MARGIN
and L will hold the stock for Won sixty davs Yor
can sen IL any time within the sixty days. If the
advance Is only to S75, your gain will be 81 900; if
IL advances to 500, your gain will be 81 900. or
course IL ridiculous to suppose that the stock will
go below Its present rate If it does, however. all
you Will have to do will be to put IN enougb od
dltonal margin to make it stand me in $40 as 7
can sell 1t to day for that, and only agree to hold If
for you for your Accommodation
Dazzled by what appears to him the certaintr
OF making $1,000 on an outlay of SIOO, and the
possibility OF making s., 900, the infatuated Smash
trunk 'goes in, plankS down his SlOO,and becomes
the nominal owner of forty shares of S. r. & E. R.
IL. Now he reads with avidity the daily report of
the stock market in the morning papers, and if s.
H. f. X. Il. is quoted at 501% his soul is filled with
JOY. Perhaps the stock actually does advance a
little We know of a few cases where verv good
thng has been made in this way, but lately the
thing has all been the other way. Smashtrunk
reads, for instance, Monday, that S. r. & E. R.
H. is down to as. He groans in spirit, but consoles
himself by the reflection that perhaps the bears are
playing with it, and that a reaction will take place
The next day it is down to i7-then at one iumn
to 4OI dis 500 are gone, and it will take three
hundred dollars more for him to get the stock now
Ills broker lnfo ms him that it will be necessary
for him to put up $500 more margin. He is Of
course, unable to do it, aud the broker saws the
trade is forfeited as, indeed it is. Smashtrunk's
little hundred is gone forever down the whirlpool
which has engulphed many millions. Perhaps
IN three weeks afterwards he has the modification
threading that s. Il. & E. r. hasigoneup, as the
broker said it would, to 49, and that if he had been
Ol,It
In this way, we told hundreds of our Young
men have lost all the money they had in the world
! within the last two or three weeks. They natural
ly feel very about it, and many of them do not
| hesitate about accusing the brokers of designedlv
selling these stock which they knew must depreci-
| ate, and thus cheating them out of their margins
But very probably the brokers acted honestly
enough, and have themselves suffered by the de.
probation in stocks. The fact is that gambling in
stocks is the very worst kind of gambling and
gambling on margin is the worst kind Of gam
bling in stocks 1t is the lowest depths within the
Change, or gambling at faro.
WASHINGTON NEWS.
! TIE TROUBLES IN KANsAs-THE SOUTHERN MOVEMENT
MISCELLANEOUS.
Government has been advised, for some time
! past, that resistance would be made in Kansas to
the sales of New York Indian reserve lands, and
that the squatters on the portion of the Cherokee
reserve, enormously surveyed bv General Calhoun,
would seek to avenge the burning of their cabins
| by direction of Agent Cowart. 1t was to check
W ". oo SumHfgEia Harvey ordered to St. Louis
cided in his action, and Sufficiently de-
| goons and mounted rifemen be concen-
trated at Fort Scott. The Cherokees, who cOnsid-
er that their treaty of 1885 has been violated will
join the United States troops if necessary.
Collectors and POstmasters in South Carolina
Georgia and Alabama, are notifying the Depart
ment here that they will not serve under Lincoln.
In no case has this revolutionary spirit the part
of public officers been checked, and at the Interior
Department few clerks openly the secession
| cOckade.
The secessionsts speak with great nffdence of
the success of their plans, but hope to defeat the
election of Lincoln and Hamn by some scheme not
as yet public, but which they allude to as certain
to succeed.
The Republican leaders here, without exception,
! agree that the new Legislatures of the Northern
States, which have laws against the enforcement of
the Fugitive Slave Law, should repeal such statutes
! at once.
A noted Republican, who has recently been de-
feated as a candidate for reelection to Congress-
has drawn on the Sergeant Arms for a goodlv
portion of the pay and mileage to which he will be
entitled when the session commences, to aid him in
paying election expenses.
Mr.. Gregory, son of Mayor Gregory, of Jersey
City, who was in Congress a few years since was
married Thursday afternoon to a daughter OF the
late Mayor Maury, and fashionable crowd graced
the ceremony.
Arms AND AMMUNITION FOR THE SoUru.-Hartford,
Conn, has already shipped for Georgia $50 cases
of Sharps patent carbnes, 800 in ALL and 40 900
cartridges with conical balls. The same party has
orders from Alabama for 900 of the carbines
Cooper Pond, of New York, have from twenty
to fifty orders daily from South Carolina, Alabama
and Georgia, chiefly for rifles and navy revolvers.
They have also sent twenty gun carriages to Geor
gia. Another large house in New York has orders
; for 5000 muskets, U. s. pattern. A third large
establishment has supplied an immense number of
Colts revolvers. All the wholesale stores and
agencies are hard pressed to supply orders for
cannon, swords, &c.-Boston Courier.
BLoNDGN GONG TO ENGLAND.-The immortal
Blondin, whose wonderful feats in this country, in
crossing cataracts and spanning rghtfuI chasms on
almost GARY nothings," have won for him a world
wide reputation, we understand is about to visit
London in April next, where, doubt, he will as
tonish all the folks within the sound Of Bow BELLS
and good many outside of it. Although he will
find no Niagara to walk over, in the British me-
tropoiis Journey on the tight rope, say from the
top of St. Paul's to the Monument, would not be
bad feat. That Blondn could accomplish it VINO
doubts, after what he has done at Niagara?
TIE Bosrox people of the Radical Abolitionist
school, who believe in John Brown and his memo
ry, making arrangements for holding meeting
to commemorate the anniversary of his execution
at Harpers Ferry. fremont Temple has been en-
gagged for the OCCASION and the time is set for the
3rd of December, when it is expected Wendell
Phillips, VIM. L. Garrison, and others, will disruss
the question, "How can American slavery be abol-
ished ?'
i, CLOSE OF LAKE ENAvIGATloN.-Navigation on the
Lakes is rapidly approaching its close. Last year
it ceased on the 29th OF November and there were
then in Chicago Illinois, 2O7, $40 bushels of grain
: in store. At the present time there are about
l,500 900 bushels of grain at that place. and they
are receiving about 600,000 bushels per week
? which will leave much larger amount on hand at
the close of navigation this year than there in
: 1859.
RESOURCES OF SoUrH CARoLINA.-The Cherav
Is. c. Gazette says that the real and personal
= tate, capital employed in manufacturing, BAN
railroads, &C, amount to S342, ,526,37S.
a productions, including cotton, rice.
y oats, naval stores &C., come to S52.7"
2 such resources the Gazette think y %fal;, "a
o easily support, either a separ
;, federate existence. -
Co G4EsnH0n baSks a. S: customers for the very
West. On Welthem ofmy REMOVAL to the
W Malt1am, AT nan "a most costly style and where am
eu 10 Vo9cute all kinds ofworl pertaining to the
ry levnest style, and in all the branches known
: ire Artists, and at prices which cannot fail to
, Import my Materials DIRECT from Europe and in
large quantities, can afford more liberal
quality Of work than any other similar establishment
IS City. And as devote my undivided attention to
rt, can assure the best and satisfactory work,
he most prompt and polite attention.
JOHN II. VAIL,
rOprieor of the Southern Photographic Temple of Art,
56m 2lS Baltimore street.
FINE STOCK OF
TEA AND COFFEE SETS.
ATED SPOONS. FORKS AND TABLE CASTORS,
SINGLE IVORY HANDLE KNIVES,
TRAYS AND WATERS.
santly on hand and for sale at reduced prices at
A REUTER- Il SONS,
No. SIS ". Baltimore street,
OF between Frederick and Cav
IE MOUNT VERNON COMPANY, have oU
,and and are constantly manuractGriuE-
FELTING FOR PAPER GAk ERS,
DUCK, Y0R TRUNK MAKERS,
OPEICE-LoaB.RD STazEz,
5t -oyoas or Franklin y
Just received per ship Scotia, from Rotterdam. 81
, 1V.,I NTuaE Isl.,NT