The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1864-04-11
FINANCIAL AND COMMERCIAL,

SUNDAY. April 10, 1894
Al various times We have taken occasion to call the
attention OF the public the swindng designs OF pre-
tended organizations which claim for themselves
dignity OF corporations, and assume have legal ex.
tstence. We refer 70 the various mining companies
which have recently sprung into existence in this and
other cities Of the Union. and deem ii our duty TO
continue to the people against the
daily practsed 70 draw small capitalists into their gded
webs These companies pretend to represent and con-
troll mines located different parts othe country some
lying in close proxmity TO the city OF New York. and 10
the Eastern States but the portion OF them arc
represented MS being situated In the mineral region OF
New Mexico Nevada Arzona Idaho and Colorado Terri
tories embedded in the Sierra Nevada Mountains, far
beyond the reach inspection and extending along the
whole Amer Pacific slope Vancouvers Island to
Lower California large majority or them have neither
soul body and the painted maps and charts showing
the titles OF tier pretended CLAIMS accompanied by
Official letters ostensbh direct from their shas0 aud
deengs be ssfely compared 10 the schemes and
practices epack doctors who allure minds diseased or
weakened by hlalua,on. Many OF these companies. IL
they called upon square the rule OF
tutious the principles of integrity would
be found upon PAR with the lowest street gamblers
Of the CITY, IN truth the Inducements which the pro.
jectors O. some OF these spurious companies employ
invegle their victims are not altogether dissilnar
those employed By tue fraternity Of rogaes They
scrupuonsy play the creulty OF uspectiug
until they become imos unconscious OF the act
they are induced 10 perform aud they do awake
the resit, Of their peri position until they begin to
COOK Tor tho mmcusc dividends which have been pr I'M
ises aud then the duplicuy which has charmed them
bcc,ncs imn uy app trent What the greatest
degree 81 astonshnent Is the fact that pretending
20 responsibility and holding positions that
entiie tncm to the nhdeuce ar tho community
wiling :" lend their names to these slockbbng bubbles
n order To give the sembancs OF Importance and
shori-lived noiorety The nsderaton. which seldom
amounts TO more than 6zen two shares in each
corn, insignificant to induce them 10 become
partners IN Whist ihey certainly know merely spocu
iative sulleJuduced by inflated currency,
and mani, TO fortunes without the aid OF labor
cnierlnis Aud lind upon the books OF these
chimerici the OF ndivdu ls Of high
standing 10 the commercial community, 10 which The
attenti,n OF the pnhiic pointed evidence OF
che merit of the combination which is thus
dorsed, and feature whereby to
the confidence Of the 'eape. A4ain tell the public
that the MAJ ty 81 these newly formed companies
virtue or stability hey are intended only for
bling l!rinses and wben the al flu ncal crash takes
place which al reasoning know full well Como
later they viii sink beneath the
hundreis similar swindhng have gone before
them, and Viii It remembered only in sorrow by those
who dr1wn efa'etngy TO their support.
The cho~,ne the quotations OF stocks 1t the
OF the past weeks