The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1865-09-16


This city is The Of commerce AMI exchange the
depository OF knowledge from whence good or evil
concentrates aud expands the regions Of the
country II producer wants to dispose OF his he
sends them to New York, and II the trader wants to buy
he here the place to sell the place 10
buy Consequently here is the great centre and must
continue 10 the end OF time To expect prosperity always
now would be expecting too much the great bust
of to-day will be likely TO produce collapse
morrow And shall have seasons " prosperity and
DIVERSITY; fortunes will be made and lost but this will
affect individuals only, and be but for day. Mer-
chants, banks and brokers may fail, but that
will not break New York, for the city Is
built upon rock Commercial winds may blow, and
the descend and beat upon it, and turn back the tide
of prosperity but would be only for day, for when
the LIQUIDS passed away prosperity would increase
rapidly than before 49, 57 and 61 had their victims
yet each period followed by unboundcd prosperity.
We have Just escaped from four years war; blood and
10 be more men and more money than before.
Where IS there city with SO many privileges. all Of
which to be uscd 20 the best avnntaco, The dc.
mauds Of trade taxes the ability Of buyer and seller aud
notwithstanding the quantity OF merchandise, both
foreign and domestic, the demand cannot be supplied
Merchants buying from day TO day fearing a
fall In price And yet no fall comes, because
the Demand exceeds the supply. How long this is 10
continue rs question tn he considered by buyur and
seller and iflen without legislative Interference there
will lie q reduction in price without smash up.
But ilepttnlatc Trade or gambling ~ qn!la another
matter Business legitimate within itself al bargains
supposed to be advantageous To the parties max
them. When merchandise becomes Of more value to an
individual than money he isa buyer aud when money
s better than property he IL scr and this termed
trade Eut when parties buy and sell speculation n
Is epccuiing tho future and he either prcys upon
The community they IN return prey upon him Such
business may prosper for tmc but tfero being M
vitality la the thing itself, In tho end IL falls 70 The
itouGd
Take for example sarpon, Gooseland cold Mine oil
stocks II IS taking nothing from nothing. and II may be
said nothing remains II " true that tho unptn, TILED
spccnato struck uil when he cited IN selling IA,
rtoc bus where IL the that Doughty tie has lost
his money. Stock specuaiions csiiimato. and ~
Tho end provo disastrous 10 those engaged This reol
cl cry day among dealers But the bf, kcr syns IN OIL
tease 10 buys aud sells for Others ana Ton itcu
buyer and fcer bu lci him take the race of his Gus
toner aud how quick be comes b. the ground VI
That alcc1ai.s IN Stocks produces nothing That whct
he buys " no better because nc has BOUGHT ~ Cons
lucntiy when he sells il must be 20 pcrsOn k
lin SELL vito, tc make money, must sell " ~ another
new where Is o., proNY What one mak.n another niu-
lose besides the paying OF commissions. VI me businc
Of Itself hc yloanhic tl" broker would monoIogo n
and Tho Outsiders cnnld nos Get in on any terms.
'hc picsf way would DC for the public, IL ihcy wish &
rciain any balance nci yet eaton az by voninssio Is q
Withdraw IRON tho srort aud leave tnc business W th
nuur OF the brokers Certainly " the dealers pay corn
ard make money. the hrukors having both com
missions and pgonte will mako " moro rapidly Yci
What rs most rcmai Sabc tho broker WHOM he comes
dealer almost Invariably breaks The dealer scdou
als becaufo he does strictly cash BUSINESS aud who
his Money gives out hn rctifes This explains tho "
hctw",n the daitf sud he hrostr ~ Of ni,akiD
and losing money VI