The Andrew County Republican. [volume] (Savannah, Mo.) 1871-1876, 1875-07-02
The Paradise of Spectators.

California Street is the SPECTATORS par
adiSc. or perdition. Here The bulls bel
low, and the bears growl their loudest.
Here the crowd of stockholders cOngre-
gate, and the operators put up their III
tle ramps." Fortunes are made or lost in
day. i happy turn in stocks makes a
millionaire OF the maj who yesterday
coujd not get trusted for = pair of boots.
Nowhere is the temptation 10 gamble so
strong. or the chances of gain or loss so
great, as in mines. Nature herself turns
oamcSter, and ShutfieS the cards to SUIT
herself. AsingIe blow of the pick may
reveal millions. where before was seen
. nothing but barren earth; a" hOrSe,' a
streak of porphyry, a fire, a flood, a cave,
may make the richest mine on the Com
stock unproduccive for months. -Four
wears ago the Crown Point and Belcher
mines were regarded as worthless. The
| stock of the former went begging IN the
market at three dollars a share; the stock
of the latter was without buyers at any
price. But a great" bonanza stretching
/ dcGtS> DDiil IlliiltS dS Ni't'fNIN"t "N'
| a few months Belcher and Crown POint
rushed up t o 81 1900 a share. Since then
these mines have produced nearly $40
900. 900 of bullion and w United States
| Senators. Two years ago the CONSOLIDATE
ed Virginia mine was denounced on the
street as a wild cat now its value is
modestly estimated at $500 0 600 and
the California Mine, which a few months
AGO was hardly known, is likely to have
even a greater future. With such marvel
Gus revelations of the hidden riches of the
earth. it is not surprising that these mer'
curIal people occasionally lose their heads
abandon temporarily the more cOnSerVa
tive channels of Business, and seek thell
fortune on the street. The sales OF the
Stock Board for 1873 aggregated Over
SAG. 600. OO3, and for 1874, over S26O,WN,
900: in addition to this, there were sale:
TO the amount OF several millions in the
:. Little BOardn and on the street Of which
no record is kept. \ seat in the BoarC
cannot be bought to-day for less than SO,
600, But a bonanza with millions III 1t
is not struck every week. Stocks ma.
/" boom " to-day, bur droop tomorrow
and with the crash come remOrSe and re
~pentance. heartache, and disgust. Ihel
California Street curses its fate, puts OF
sackclotn and ashes, and resolves to Sll
no more. The good resolution lasts I'll
the next stock-riSe. when the old appetite
returns, and the speculative debauch l
renewed. To all this there is n compe1
sating good: without the speculatlons o
the street and the grinding assessments o
the managers, the vast explorations in tn
mysterious caverns of the earth, resulting
in the discovery of great ore bodies Il
mines. abandoned by less energetic or les
wealthy prospectors, would not be prose
cuted to the extent they have been.-Sam
ueL Williams, in Seribner's Monthly.
r THE London Times thinks that Bunke
Hill was a great day for England as we
as America, and a gain for the world, fo
the great unquestionable principles {
| popular representation and self-goverr
ment by popular municipal Institution:
> 1t is ONLY lust to remember that Chatham
a and a good many gallant Englishme
/ thought as the Times thinks now a hui
e dred years ago.