The New York herald., 1864-09-15

ssns the future greed OF gain In Speculation
influence Them acting, that they, in coEnoinat
with others like themselves put up the gold premium,
have enemies OF the country; ard al patriotic
would be justified joining crusade against those specna
tosn specie who have dong their pest soce tbe
pension depreciate the government Issues There IA
little excuse be found 10 the depoFsble fact that
have had Secretary OF the Treasury,
and Congress which bndly gave national authority 10
bis word, and ,nat the nnaucss d the country lave
thereby been gradually reduced 10 condition whch vl
become worse with every successive month,
unless the policy ., the Treasury radically changoL
II ought 70 have the aim OF every czeu, ia
his power exep,ed 10 sustain the national credit In
spite OF bad fa.ssial policy Of the govxansni fr
while the government only for four years. the nation i
represents forever, aud the government the mere
servant OF the people.
But while hundreds OF thousands or our brave were
laying down their lives for Ia the Geld gamblers Of
the worst kind undermining thai credit which .
was duty sustain and playing pitch and ass 10
lottery created q, the expense Of the fortunes OF thor
real adopted country. We make the latter distinction
because the tosgues aud OF large proportion Of
the gold spectators who give to the market would
lead us 10 believe that they not "to the
born, but thai they shyocss, ever tanserag for
s'the pound Of fesn."
The stock market Is depressed and there Is little in
duoement for spectators, who are 10, themselves
brokers, 70 venture the market. The spaemodie
buoyaney tha, chazasterizcs from time 10 time do.
lusive and all who accept as healthy sgn and act
accordingly viii ind only snare. Brokers have very
few commissions sustain them just now, and there
FORE all OF them who have money credit are specu
lating their account for those whose bank
accounts are not extensive easier 70 bear stocks than
20 bull them, and hence the upward reactions
are auyhug but powerful for they Eipped in their
strength BY the men who operate on their creiitmost
OF the specustons for rise being account o. outside
operators on margins, wno generally nnd that the
whole they make occasionally while they loss steadily
IN cemnisslops interest and isxes tie miaiman on
every purchase and sale OF hundred shares of stock
beiog thirty dollars II ordinary Spectators may be
compared 70 fools the brokers who do isor business
may with equal justice, be compared TO sharper for u
A. notorious that the latter, with very few, s1y
excepons use their customers stock just "a u may be
70 their edvsntsgo 10 do 30. When the market
Rises they sell their ousomers 'gong stock calculating
70 buy back et lower rates. and whom 10 falis ihsy
speculate sgAins. their Customers who are both hong aud
short on the princilA The ari OF turning Is
one shcb has arrived Al great psrfoosob among stock
brokers' who are exceed tsy honot towards each Other
or their credits takel, ont who d. just pessss or
profits them outside of lie sacred circle swak into my
paror said the tpdsr 70 The fy aud the Invitation 10
nos inappropriate 70 elncidaie the relations usually exst
ing between broker and customer.
The principal business of most "ou,s,asn op,r.ior,
coussw IN paying their brokers' ecnmlssloDs and
spocketing tho losses
tle.srr Frederick sohucbard, james Fisb aud Hepry
MoftAn have been cecied members of the Board Of D,.
rectos tbs Chicago apd Great Eastern Railway Com.
rsoy.
II. recspts o. the Racine ssd Mississippi Railroad fes
shs week ending Angus, 81 we're $4,000, s compared
with slsseI during the corresponding week sss ysAs-
ssWSaes. RSN -1pa ll0aigia ksa JssssU q A.