Carson daily appeal. [volume] (Carson City, Nev.) 1873-1877, 1875-02-06
the CRASH.

-en, of Bruins name IN connection
9Th his taurine opposite of the stock |
=ssrke,.-,hough that might be at Least
4. half legitimate allusion-, Men are
"A. GRIZZLIES so far as this fact. namely:
M, they attack the thing they TANK
,,uses their pain or discontinue. hit
ruzly over the head with club and he
.xpends his rage upon the cudsei ana
-. npon the power behind the cudsei.
The poor, unreasoninS creature ATTACKS
the instrument and blames not the
-,nse So when the inevitable and Pc
-,eslical stock crash came there came
x,-,s Gust of Indignation against Sharon
The theory was that he had expended
vast amount Of money in securing his
election to the Senate. and took the
method indicated to reimburse himself.
II 20. the less shrewd operators are as
,ueh to blame rs he. Everybody said,
The market will hold good till after
sharon i. elected" This meant. by In
,x,table inference, that the collapse
would succeed that event. And. further,
~ far As Mr.. sharon is concerned IN this
financial panic, it is not improbable that
se. being one of the most skiilful and
extensive operators in COmstock stocks.
md also having intimate knowledge OF.
and relationship with, the world OF
bankers and money-dealers. knew that
h. reriod of imitation had reached Its
eliminating point. and that he acted on
his Own kno~ledge. Possibly. also. ne
,monc the losers He and Senator
ZONES own the Crown Point and Ophlr;
himself Is said to be the largest owner
m Imperial. and there are rumors OF MS
.s.,,troIinr ownership in other mines
Precisely why any man should dehoer"-
,stx 40 an act which must inevitably
aep,.ciate the value OF his own proper
~ We are too little informed IN the
mysteries of stock jobbing to venture
mess. But we do not believe ina
sharon thus sowed the wind that other:
nigh. reap the whirlwind. Possibly n
=,.h, have done so if he had had thu
mower. Bnt We do not credit MIN no
INV ether que man with any such con
rd over the laws Of speculation 1t
aaite as likely that Tom Williams started
Il, crash, iu order to ''break HAM
a,tehefl. as that Sharon planned ant
,eccipitated the explosion in order Z
s,use the discontinue of Williams.
Yut let us look beyond the possibl
~,uor causes of this woeful crash an
sons;der its phenomena in larger an
more philosophical sense: The dealer
an stocks of all kinds have an expressly
phrase regarding these periods OF lnfia
bon They call it high kite flying. Th
s,0le is Just. for this reason. nanel,
Yhat- as in the case under consideration
4 y not the string of tho kite thu
Mesks, but the tail which drops of. III
ssscks are still there. but the balanci.
force which keeps their price With
,esscnable limits becomes disordered I
nsperative. We must he careful IN Il
performance Of our aerostation lest '
tall. They who gamble in stocks m"
.ks the chances which beset all gam
- chance. There is something u
natural in such condition
xdairs as re have lately vi
ne.sed. Rye Patch at 80. div'di'
% cents per share is a queen contract
Con Virginia, selling for 500 IN
stock Board and declaring dividend
- per month. 1t is almost unaccou'
able that Crown Point. paying di
TEND of two dollars. should sell for )
shiie Savage was selling for 500, a
KaIlon, which never did show pOu
q Day ore and which has been payi
Irish Dividends since 1860, shot
fetch ~ much in the market as Cro'
Point itself. But these are the pheno
soa Of high pressure imitation.
Yhat ve have said is in no sense
III -. . 3ofaucn If Mr. Shar,