The New York herald., 1865-03-25

tho percentage p0i0 - uso oorvsSs0 - oA"Sys
added to the biils, and 20 de masters psy their
servants twice. The cook and the batler Hsks
these nice little partnerships with ths' butcher
The baker, the grocer spd the rest u thssA
who keep tho family in provisions. There -
scarcely an article for which the rich - Hss
pay more than its regular price, through n
conniyance of domes,ics. 50 well is M
understood that in some stsres when ysa
buy for another pcrson, the Clerks ask you Whist
percentage they shat adj to the receipt for
yourself. The Prince Of Wales hss resolved 10
break up this practice, and we hope thnt hs
will be backed by ovcyy bousekceper in he
land Who viii start tho reform hsssi
Tho Bubblos or tho Kgo-TeyxShle U2-
pose-A Call Upon tIsc Legisssture.
We have repeatedly cautioned the public
against the stock bubbles that rise upon ths
surfacs with every food tide of an inflated cur
rency. Tho experience Of cur country in tAis
respects notsolitary. Both England and Franco
and nearly all those periods have been attended
with q bubble-speculating mania that has beeA
productive es the most disastrous 6nansiaa
results.
Among the strangest things connected win
these Specializing swindles in this country ,
the fact that they have been allowed to continas
until this time without official exposure. Ths
indebted to an official commission In the PuxL
tan State Of Massachusetts, and In the moral
city Of Boston, for . terrible eapos< Of ths
swinding character of many Of those concerns
It seems that they have been fostered in that
puritanical latitude until the iniquties offended
even their own sanctimonious nostrils. Many
of the Boston operators in these bogus stocks
have, with characteristic effrontery, openly
confessed their participation in these monstron
swindles. We recapitulate few Of these
humble confessions. The treasurer Of one gold
mining bubble acknowledges that tho stock had
been quoted at one hundred and six and
quarter when no share had been sold at Over
twenty-five cents, and none at tho brokers'
board that sales reported were mere quota
tions--unreal-and no stock reported sold was
transferred or paid for. A broker testilies that
they were what brokers term scratched sales"
and that the treasurer obtained one hundred
and twenty thousand shares at twenty censspe
share. Another gold mining company had
been quoted at one dollar eighty-seven and
q half cents two dollars per share,
when none was actually sold above
fifty cents per share. Sales of Canada lead
mine were reported at the brokers' board,
when none had occurred. The treasurer Of
copper mining company testified that quota
tions Of the stock were fictitious. The President
and other officers Of mining company testified
that the quotations Of the stock at twenty-five
cents were fictitious and that the cash market
value was not more than ten cents. The Presh
dent Of coal company deposed that stock for
which ten dollars had been advanced could NOT
be sold for more than ole dollar. A wen
known broker, treasurer Of gold mining com.
pany Quoted at 81 l5), certified that the stock
WAS not worth over seventy-fve cents Ths
President Of another gold mining company ter
tiled 10 fictitious quotations of the stock at fly
nine cents, when he was willing to sell any
amount for less than ten centa II was certified
that Of Eve other mining companies only one
had Substantial value on the LIST Of May
since then they had all sunk out Of sgh2
Several persons testified that certain mining
stocks were nearly worthless, although quoted
among the sales 81 ths board-some not being
worth more Than nix and . quarter cents per
share
But n h unnecessary, bad We the space -
spare, TO multiply details In regard to thess
swindlea We have confined ourselves to ths
sspost a. furnished by the Massachusetts, con-
nissioners from confessions made by the bubble
SPECTATORS themselves II h rarely that man
who have borne respectable positions IN society
are 70 be found ready TO make such abjees
acknowledgements Of their misdemeanors, evsn
under the strongest compulSon But the war,
II It have no other good effect will have one
here. The tax 10 support the national expendtl
lures has fallen upon the bubble jobber a. wen
as upon the legitimate stock operator. Hence
have these Boston bubble Jeremy Diddlers been
made first to vince under Its operati ons, and
then, rather than disgorgc tho amount Of tax
make an open confession Of their delinquency
and virtually pray for clemency and mercy
at the hands Of swindled community.
We believe that Boston is not the only
city in the United States, manifold -
are its transgressions under Its hypo-
critical cloak Of meekness and humility
with oil It's boasted philanthrophy, and
Its stupendous intellect, its ineffable worldlt
ness and humbug-where these disreputa-
bic practices are occurring. Every day W
notice some new gold and silver mining, OIL
coal, copper, lead, or other beautifully tinted
bubble, rising from the atmosphere Of wans
Broad or William street. or the lower part o.
Broadway. Philadelphia pufs them up os 1t
BY . labor-saving machine. These bubblef
may now be said to number between three md
four thousand, Of all sorts and sizes. 1t true
there are sound companies In existence bus
aba disacnltx IA 10 aift the good from the bad