The sun. [volume] (New York [N.Y.]) 1833-1916, 1877-04-02
CANADIAN NIUfk GAMBLING
WHEHN JtI Gof LDrg my LIND ON
Iftitiiffit SNtGS.
Bank Officers En'n"d and Vnni,ing trstifu-
ti~us sriyried fLr tonspiracics OF tho
Gnncstcrs Beginning to Attract Aucrt,os.

Gntuc>tcts b"9'ni frg 10 attract AucnttoB.
MoNrEE,L March 3).-Thc "moncy
lawds" ~ B'n johnson not inupty styled
Oh "a. hav' of late boon in u nuttcr over "a
break in 81 Ks" In pu species Of gambling.
III which -ip. .- tails" the lilr Of dice Montreal
is tn Balon Bad ~ o. Clnall. Mr.. King. tho
late manag'rof th, Bank Of Montreal will be
known ia history as the John Law OF Canada.
who. in-i 'il of meeting Laws disastrous fate,
made money rapidly 10y his spcrulations and
wont to England with tar sppils " the pool. SO
brilliant uu example wa- -ure to have u host Of
initial 'rs yrral " whom have como to grief,
and brought trouble AMI loss upon others. ono
Barber. on % kin- IS rotary i'm the New York
agency. went far beyond his master. and bor-
rowcd securities l1lgel in the Toronto branch
Of TIA" bank b. th' amount Of slODOO). lie riskcd
the sum in stock gambling operations. AMI his
lo-4D y, r. followed by dis lsGrcs. Now he il
serving term Of four years in the prniontiary
in Kingston. Tin cashier of another bank in
Montreal has Just been sentenced to term of
-iN months impri-numa mt. \ third bank cm-
pioyce, in this province. recently met like fate.
and q re.'iVinr { Her. named Small Of To-
ruufp hunk iii- iu-t ni,- -undoi
TIA" rug for SIP il "InNimg has not abated
sine" king's ,whlldrawal from the s.rnr Of his
uI. rYtiou-. IT, t.Il4city. tho- gamblers iiVling
ilrWs'iN = brokers -pr.n'sup Ike mushrooms.
Mrnnpinri"u-ly without W'au- suddenly began
tv ariN. ih'ir last i,uu- and pui on all the airs
OF quickly a'puirci W alta But most Of them
huNr iullt n back t. ti 'ir natural level through
the progressive 'Hiinn in nearly all kinds Of
stn .,- iu which thtN 'rIit. oh margins.
Tho prt tirH of Iru. iin- un the q, posit OF
stocks. which the banks have llagwlity en-
outraged. and of luyiu.,aud selling on margins,
iui 4" ma d. ui til" druI' vain. ug stock glmhiinl.
az tur-' later days. Orgun.1'd RINGS Of bulls
and h. ars the spawn ui this syst 'ui. have in
turn made som" of the brokers tt.n,hlc. There
Was tlil' when on Ontario Aluk 70 Mt all lis
capital tu Ioiut stock EHmhl. in this city. and
carr'd uu %. OWN business ON tn" -tr.ngth Ot
It's deuo-ii-. II has at"riy gone out Of this Kind
Of business. but there are others 10 take it,
place.
The Merchants Bank complains that the bears
of lat" reached 3D. Thor has been ~ change in
the mana ,cnlrat. ana tn examination of its
Hiidrs i~ -id tO have proved that lis capital is
infect: but the quotations are down. nrVrrthe-
ID~-.
From the general iall In the price of all bank
and many other stu k-. a." natural inference IL
tlHt ial iu the rit,' oi uturr dividends and Of
interest is inevitable Ina 81. duh tam 5. there
j. @ pi'il'rI OF bank Jug capital. in spite OF the
l's.-up q" nif ml.Un- ivHu'.d un % cunt
Oi numbering operations; ana the rWh1rri-s-
ilHnt Ni Oh f'N.'-~ d. ln 'ri sod ly th' ioN"rn-
mrnt % pn-. '- in IN" banks. part h'ar|ns ntrr-
'-t and pant none. the ruu- pirirtrS ot the
ring- ~ -io gamblers Whose iavOrite
Weapons at' li'- nud fulud. have h".sin tO ut
tract special Hff nfiun and 10 would ulf be- sur
prism. if. lHlYr' fNr 90 500 of tN' udri tWDntiry
session. SOME WnI-url- W'r pi~~'i 10 make
crnir no tfN-s NiI'.iii" t.ii are nuW ddlly per-
p'ir" % VAIN Imuun.iy.