, 1877-04-24

vcstors {and which no ono In the street has
direct money Interest In sustatnlng). and o1er II
'sct'er thirty" or ''seI,er sixty" aovcral points
below tho current price. These oGcts u sell al
trnct tht attention Of holdcrs and they say sore-
thing must be wrong; they Inquire, snd no one can
fall what IL The matter; they sec tho price Gay by
day lowered In this way, aud In the vaguo fcAs that
thero may bo uonae terrible disclosure to conc rea.
aon that thoy better savo what they can sell, and
arc Adcd In coming To this conclusion BY calling to
MUD jersey Central These sa1ca BY Investors
bring stocks Into the street, and this makes the
work Of getting tho atoek down easier. Rumors
are started that something il wrong either With The
company, Of with those most concerned. and In a
few days tho work Of sliding tho stock down il a.
easy A sliding down hill; and yet there may be no
change In tho condition of the company.-feu
York Evening Post.
In view Of the fact that auch tactics preceded the
mid some flmo ago upon Chicago, Burlington ts
Quincy, and mora rcoantly were resorted to with
Norris d Esscx, 1t ID suspected that tho bear
cquea desire 10 alarm tho holdcrA Of tho property
named to the extent Of inducing them to part with
1t, and thus enable tho beA.s 10 prodtnbly cover
short contracts. Unfortunately no c1eetual REM
cdy has been applied 10 this condition Of affairs,
aud moro is the pity, for 1t IL working terrible
havoc with almost every business interest IN The
country II those who arc possessed Of property
on which raids may be made would only hayc tho
courage 10 bold on and not b. inttmflated. the
Eamc OF the cl0uea wonld soon become too OK
rcnsive to bo longer pursued. but unfortunately
Investors havc had loo many sad lessons taught
them within Ito Last fcw months, aud their conf
dencn N the stability Of corporations hiss been
FudclY shakcn. -N*w York Jouraal Of Commerce.
AN ENGLISH CRTr1CIsM or TIE SILVER CoMAls.
SLOWS REFoRT.
The London EfonotAtsf doc2 not think that The
majority aud minority reports Of tho Silver Com
mission will "satso tho opinion entertained II.
this country respecting the way In which American
politicians discuss economic subjects.
Tic conclusions arrived at without any de1lber.
sto discussion Of the subject, and this IL another
proof Of tho incaplcity Of tho ordinary politleal
m!hd In tho United Htatcs for such toples." Con-
ccrntng the conclusion that the demonstration Of
silver was the cause Of tho panic Of 1873, tho
Eeono".ltt saya: ''Could suythnx be mora child.
fsh than thial Not only II there cause for the
commercial distress OF tho last three years othor
than ths greater demand for gold and diminished
demand for silver but shers ID notoriously smother
causc." Which was, Of course, oyoE.t1ndtnR, pyer.
production, and over-credit
TIE suTRo TUNNEL.
The San Francisco Chronicle publishes Z report
OF an Interview with Adolph 8utro tho psopei etor
and General Superintendent Of tho sutro Tunnol
Nr. sutro says that his tunnel will be finished
about Fob. !. 1879, II has now besn pushed
10. 600 fret Into tho mountain that contains tho
comatock lode. and has but 3. 600 feet further to
go. Mt. Botfo has bcon opposed and hiadcrcd In
sverJ way by the managers OF tho mining COM
paAlea, headed W Sharon. who foresaw that tho
Eaeeess OF tho tunnel Wonld interfere with their
inl'hag' !nmhef. snd Other monopofios. sutFo
threatens that II tho managers Of the Comstnck
lode contest tho payment Of tho royalty awardod
him BY act Of Congress OF 81 ton on all Comstock
orc, he will stop up tho tunnel and food them with
water.
e7oo2-oAAnLEAs' NiNfs AND STOCKHOLDERS
hh8s. - .-...
IN the nelsnnoFhooa OF Aoosei Flat, Nevada
Noant1 IsuosnIs' cola mining continues yetJ
sese 1ae golu'neaslns dlsssct IL thirty miles ~
!ehS'n, Hnu ~ mountains arc penetrated with
aohnele' snd ID every direction shafts have been
suhk, ana wAer ati!zea. NOT one OF these mines
u Nstea AZ inc san Francisco btoek Boards. Tbs
etoek-Ganelste have nothing to do with them. and
they arc run Tor the bcnrat OF tho Stockholders.
ihe mlues OF california, since 1915, have pro.
oueeo ~, 47.ooo,u uo0 In gold without tho aid Of
etock. gambling, whtlo tho total product Of the
Nevada tnEnes has been but es4h, ooo, oo0.
THE S0sTEh FAILURE IN CANADA.
Tho Springfield Nspttilsdn Says Of The rsccnt
heavy 4at!urs 1t Aontfea1: ''Tha Fouter brothers,
members Of the Vermont Colony At Montreal one
af thsu Dominion Senator and railroad king and
thA other the Montreal Alderman, have failed aud
Issgned their pftca. Asa H., thn railroad r,an,
built tho Vermont / Canada, which he sold to tho
Vermont Central, and thus got quite start In Itfc
1i1s Latest ventura wAs the Canada Central from
Montreal 10 ottawa, ono Of the links IN the great
Cau5diAn tnans s-eonttneutAl liuc which has no bus.
iuesa a. Jet and must bankrupt IT. proptlctots
annually for generation st lcast. Ila iails for
aoo, 700, more than hair Of which Is owing for
rai!t 10 EuElanu. Aohons bank has put an e1ecu.
lion on his sllo, Oo0 5tstdcnee ut Waterloo.
BRITISH TRAnH.
TIE trade and navigation accounts for Nsseh