East Saginaw courier. (East Saginaw, Mich.) 1859-18??, 1864-03-30
q he q o urier.
sroCgs.

o4(O-A<s
II is really astonishing how th,
country is running to stocks, and with
what avidlty anything in tho nnsub-
stantiaf nature Of a paper representa-
tive Of wrath inflands. minerals, rail
ways, manufactures, canals, steamers,
operations or projects sound or myth
zeal, is sought by the insatia;e crowd
who hunger and thirstaftOr securities,
.c-security Of which is glo-iously nm
certain, and certificates which in the
finale may only prove to a demonstra-
ton tho stupidity Of the latest holders.
In the Lake Superior region the latest
sensation is in the way Of silver-lead,
late. and if accounts are true, an all
important discovery. Thousands upon
thousands Of acres Of land have been
taken up upon tho strength OF this
modern development of rare and pro.
eious metal, which II is claimed will
return hundreds Of ounces for the hun
4lrels Of tons Of leaden dross to be
worked. Companies have been form
eI b. scores, and already before
scarcely blow in the way Of actual
experiment has boon struck, silyer-lead
stocks are acquiring value which in
other times would seem incredible.
Mineral speculations are, however,
by no moans confined to the North
Western regions Important discover
los are claimed to have been made re-
Gently in New York; the coal and iron
regions Of Pennsylvania are receiving
increased attention; precious metals,
invaluable deposits of gypsum and
other valuable substances, it is said
have been found where least expected,
and upon every new development is
prodieated an issue Of new and at
tractive stocks.
Railway companies are increasing
their stocks BY Legislative ner'"isei"n
old and solid corporations OF every
class are expanding their capital by
the same process, and if, as outside
appearances would seem to Indicate,
those are all based upon the sure
foundation Of actual capitolin mineral,
soil, or material effects, our country is
becoming immensely wealthy, despite
the war and the exorbitant prices for
theneccssaries of life, which are grind
ing the life out of tho hewers of
wood and drawers of water" those
whose fortune it is to be outside the
magic circle of stock gamblers, who
ride upon the whirlwind and direct tho
storm Of speculation Which is now
carecring through the land, as if in
mockery Of the sad weight of war
and woe which is upon it. TO say
that there is anything fictitious, any
indications of false prctcnscs, any pre-
monitions Of a coming collapse in this
prodigiously Dubious state of the stock
market, would he to dispute the ex-
tremcly loyal and patriotic teachings
of Shoddy, therefore we make no such
statement Tho experience of the
past has demonstrated, however, that
financial bubbles are not iron-clad
and though they may long avoid q
puncture by giraffe flights, they never
withstand even slight application Of
the incorporating rulcs of lcgit-
innate business. Possibly these rules
may never again be applied in this
country, and if not we shall undoubt-
odly soon become the stockiest nation
extant, and the people will all DO in
tho stocks" where many of the chief
stock operators ought to have been
years ago.
ORGANIZATION OF THE REPUBLICAN,
PARTY.--The call for the public mect-
ing to organize the Republican party
in Hartford, was issued carly in Feb
uary, 1856. The meeting was held at
Union Hall, Feb. 18th, 1856. Among
tho objects set forth in the call for or
ganizing tho party, was the following !:
"To defend tho ryhts Of the States,
against the encroachments of federal
power in the hands Of men unrestrain-
cd by eithor political or moral princi-
pic"
1t would be we'll tho Hartford Times
thinks, if they would act upon this
principle at the present day.
TROUBLE IN ILLINoIs.-It is evident
from tho latest telegraphic news,
which we publish elsewhere, that civil
war has broken out in Illinois upon q
scale which promises most disastrous
results. The news comes, it is true
through partisan sources, and may be
somewhat exaggerated, but it has al
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