, 1877-09-03

fraudulent 1tst Of the fn.n1+ nf snynEA bank
md tho tilfcrinE approximations whle', have
1eare% in autumn1 And how III, hctwern
these llfe.iustlrAnre companies AMI tie great rail-
way hoanls Which hare NJ tho top few mcn OF
fabulous wealth who play with the property
Mt the bottom these 1a.'oring men, whose
grounl-lawn nf,tl 1easencl wages have to pay
not only for steals, ami hiuMltrs, nn.l iosses,
but 70 furnish Dividends oi r,!tlt".s of watcrsi
invested Money! no speak strrttc!y a''ont
thcsr tlingst I 10 no. speak III strongly a.
y''tif newspapers do, and ~ you business men
do! Yet why shnuhf you abuse these thfnssa
Iycauss the many would .lo them II they could
There s where the real n.ral nf II all c0ncs int
This few 9rcat gntnhler* of tho sharenarkel
arc ;, keps soing by tho, ,n,tltitnlcs .!
tn-norrow II only, tl'ry had thc ,ncaasi
The bubble companies which promise profits
which enlpr business Rnnh Know cannut i'a
Inodc...-ss It the few clcvar ,epceulasors 1t 9ho
thousands ut the i'nitnln Efto clutch At the
promise Of 8on1a fabulous interest, a,,d nvetl
though they know The thing Is hollow trust to
BY sharp enough to sell ont IN tl1nc TO saso
And what doe. ti,t. universal spirit OF spccu-
la,on mcant What does It mean that ttlp,t-
sands Of people who hayu no n,,ncy 10 rtsk ur
lS,s Gre 1f%Gg n Oh 'no s a. ts oSe' Of
thu rising md fullIug Of Tho ,narketi
II means thls: That society MI through IS lcay
e,cl by the songin4 to got ricl., anl docs not
care mich how 1t Is tlone. Steady trade is not
cr too dill. Even t.losc WIN put their strcnetl,
Into useful business rot bittem by the safno
passl",,. They, want I" get everything ntn
tlrir own ha1isls. Thcr cannot "liYc antl let
live VI There nrc t,crcl.ahl princes who lnrt
tecn el,,usng lights at rcytvnls vim think Il M
s1Ianc 10 rttn sot,lc hratlrh Of their tradc ut
los* fur Il wliic simply In order to break down
and ruin sonsc. yunng irm that Is struggling for
| .ion't uean TO say that tho wlso'e
knom IL Is not. know tI,at there
are, MS true, noble-hcartc9 -, men In
pinee Oh carsi,. ii,e une thlns tiat always
makes tnc shrink flulh spenklng al nlI Tn tiIcse
subjects Il. that know how i'npussll'lo 1t ls 10
nyndappeArinE tOtnelusle In onn's condemnation
,sischiev0us ways tlan sharcrs IN them. / know
something Ut l!ow, III tt,rse llrl times, cyrn thu
tlloss hu.lest may hehrpScn down by mEsfoTtMncs
which they did not r:usc. pr by saeh terrible
slrtnkngG Of values rs no prudence could llATe
forcsecu. have the llcurttcst sympathy fur
tlt'kc who ~ guTIr.
And one more prov!so have to make: lido not
t,ctlt, for moment to condemn MI speculative
enterprises OF every kind of credit. Who can
,lraw tbs lInci WHO can say whcrc enterprise
pas*rs tn,u sl,cctilat!.'n, Or where sleenlnt1uN
shades of into gambngi Certainty tnunot.
Aud yet there Is II lt,Iu somewhere, anil tl,u
plienhlc way the more careful must caci. one 10
to draw It f1r llstnsclf, anil to keep well un the
right side OF III There IS one line, ut mt ratr,
that ean Gc 'lrawn,-if yon can't mark where
always ,i,i'ours3 thing fur man 10 risk what
Tic most " risky aud speculative basi.
ness + done by ncn who ate stalking
Of tic business which docs mast Ia throw cona.
nscrec into confusion represents no rcni business
transactions vt all, but thu nero sliuiliIng Of
great nominal vnlnrs, which t1sose who pass
then, to and fro IN tl,etr reckless gambling have
no rcal nlca,ls to buck. sulno call thfs doing
business OH credit. 1t secnls to Nlu libel uy il
E,,ol word anu q good thing to call It crctlitl
True crrt1ft tho mutual trust Of man III man. BY
which lI!ure barter rises nto osislt,izcl com
,'lcrcc, and commerce ts enabled to extend Itself
to distant places by written wnrls,-truD credit
IL nuIlp and useful thing rightly regarded,
theru IL q high moral signIiicanco aud value
IL i: | 10 not sapposc Paul ha'l any
prohibition Of that In Ills m!Ml. isut there IL i
ia!sc Kind VI rres!t that las largely usurpel ts
plarr, that tlocs not sand Tor trust ut ill, hut
iur instrumentation mil tlltpl1Icnt preten1c
ind (ruul. that docs not stati for bena.Eldc
undertakings but for 1ncse Eainb!ers' CHANCES.
Against tl,ta nu wnrd can b. sp0ke, ton strongly!
"Sotnctln,ca t31esu vast sspecutatfons answer;
but Otter they do mt; an1 It, cltller casu thu
prfcccding Is equally inlnoral." That Is Il
strun. thing I" sny; but ilesc words arc not
ming: they arc THOSE OF a man of business Ut
high standing writing to 0,,u VI the newspapcrs
u'' this ycry nattcr. And 1t IL ~, Whcn
an ofrc.lmy takes inltar ont Of his putty
casl,: aud stakes Il on hursc.sace what III,
has ,oau 10 not 'nadc lnnest l,y bis wtnuiuE and
putting tho tnulley back. liz las tluiIu dis
huncst tIIugt And 50 has tho merchant who
siccnlates beyond what lle himself tan lose; the
Trustee who speculatcs with Ills trust funds
every tu:sn who risks not Ills own property ollly,
hut Ills crrittaras,
And We hayc. to 70 deeper down vet. VIVA.
Is tho so! out Of which alt this speculation
gruws which Ia eating the heart ou. Ut whole
so,ne rulB1nercci Wlat fs II but the extrava-
giant aud costly living Of thu day,--tlu passion
i.r ever lurgcF houses, anil ever richer ud c,,st
Tier household Ecart Perhaps should rather
For suppose tlIat theso tbunlc' years have
tu.,cll down many au extravaganza I'M! tauyhs
tIsuty lesson bf stern ccuu0iny, perhaps Oi
oyrn atcrlpr prtsatton. only hops tho lessons
will not bu furEotteti whom bcttcr times come!
Aud vet, making ull allowance for this, pan
any QUE 1o.,s round ANl feel that thrro IL vet any
essential moicrati,lg 1T tf.at craving fur Sl,nw
Anl luxury lnd fashionable extrayayHMeo which
received such an Impetus ln tue 1alatloa of tho
And here is where the lesson touches all |. Yo,
woIlen ut By wllc,. tsuse faIlurcs mud frauds
~ business arg talked Of, and you think,
!sayu nothing to do viii, ali 'ttat!"
liaycn't yuuf do YOU know how often It ia your
extravaganza, your love Of tlraas ants alow, thu
rivalry Of rich households, yunT hatrcd Ut lay-
lux poorer urcss ur eaultugu than your noig,-
bur, which goad men o,i Try to win by soaeula.
tlun wtat they cannot lLllke by straightforward
traio, aud which, oftrner still, .naku it ul,los.
impossible for men tv setset'ch Syell when tAey
ts.a word to b.. said On the othur aI,lul sien
often glvo women credit tor a weaker feetng pl.
all thls than they. rcaly have! 4 sun4, hates 10