Morning appeal. [volume] (Carson City, Nev.) 1877-1906, 1877-05-08
NOTES AND QUERIES.

Inc disasters OF a cOlIapSlIS sloCh Hai ho'
are coming thick and fast. The strongest
hearts, the most unflinching courage, the best
deserved credit and the very highest standing
in the business community, all these are una
valuable. The inevitable bursting of the bub-
BILE has come. Speculation values In stocks
are always subject to the caprice of public
estimation backed by the cash in hand OF
the people, When these are exhausted the
baselessness of a business which is conducted
upon the possibilities aud hopes of the future
is revealed Then comes the crash. The
wonder will be, when everybody can look
coolly at the ruins and their cause, that the
market stood the process of expansion as long
as it did There never is any intrinsic value
in that which is purely a speculation and
every share of stock which represents any
other than a mine where the actual bullion
producing ore is being extractek is as void OF
intrinsic value as any mere prophecy In words
would be- But the chances of fortune and
the destinations of the game are enough to
Justify and explain all the conditions of an
excitement which, like this that is now sub
siding under disaster, has carried everybody
off his feet The failure which took place
Yesterday was of the character which nothing
can avert. The gentlemen composing the
firm which has gone down under the univer-
sal crash are of the very best and most trusted
of business men. Every bit of their avail
able property has been made to do duty to-
ward averting the calamity. The tempest
proved too strong The sad result is only too
widely known. But we have not heard one
word of blame or one bitter reflection. All
that could be done by any possibility has been
done, and all who are interested, know It,
The fact is, that Rice & Peters have, more
than all other men of their means and re-
sources in this community, breasted the storm
Financially they are ruined. There hap
pened to be too many of us here who got past
our depth in their debt. There's the trouble.
If they had been rigorous and grasping and
not over-merciful, they would have sustained
themselves at the expense OF good many OF
us, their debtors Crhe writer speaks for
himself personality Not anybody, not
even those who are the largest losers har-
Dor any suspicion of unfairness or
dishonesty. Mr.. Rice has seen for
tune-his alleging into the wreck with
never d vi IDlIIoC1l " Viz
vast means whose custodian as the agent of
Wells, Fargo & Co. he is. Mr.. Peters is the
County Treasurer. full examination of his
accounts yesterday, by the properly author
lied officers, shows the public funds intact, to
a dollar. There is no more of dishonor or dis
honesty in such a misfortune as this than there
is in a mans losing his house or his ships by
all accidental or unavoidable fire. When the |
Chicago conhagratiOn took place, there was
lust as much blame in a man having his shop |
in the way of the flames as there was for Rice
& Peters to have their business Ill the way OF |
this all-sweeping stock panic-and not any |
more. 1t is triumph when man or firm
goes under and the community with one voice |
declares a belief in that mans or that firms |
honesty There is a new signiti- |
canoe in the phrase "all is lost save honor.
And in this time of doubt, depression and
disaster, it is every mans duty to bear him
self with all the courage, all the patience and
all the resolution at his command. -. The hu-
mors of the dull times are one of the rehefs
thereof Yesterday fellow-citlzen whose
kept pace with his disregard for
the Mrs r. B. Hayes Temperance movement,
in a tone of alarm and sorrow that
The whole business community was gong
Town to smash in the stock tumble. He said
hat he had just been informed that several
eading houses had been closed, and upon
seeking to carry on a small retail transaction
n the wine and liquor business he found all
he saloons shut up. His mind was relieved
when he was informed by an intelligent bar
,ers apprentice that they were closed be-
;ause it was election day and not because of
he collapse in the mining share market, 49,.
The Tour Round the World i'll Eighty Days is
;leverly illustrated in Fox's window by a
chool- globe, mounted bya small toy woman
md surrounded by the wooden animals of a
Noah's ark. John G. is displaying
most surprising capacity for poetry and the
rts Hon. Lewis Shearer of Oakland was
n the city yesterday, He bears the scars of
lis late encounter with an insanely Infatuated
nd over jealous husband,