Sacramento daily record-union. [volume] (Sacramento [Calif.]) 1875-1891, 1880-03-20
MANHATTANISMS.
BUsIEEss. SPECULATION AND PLEAS
URE RAMPANT IN NEW YORK.
The Mining Mania in the City Felix
Adler on the Bible in the Schools
-Beeeher and Cough.
NEW York, March Il, 1850.

VIEW l. Oish, Ale1Sii -, lOOOs
The spring trade opens with degree of
activity and promise which has not marked
it for years. The city is full of country
merchants the business quarter looks
like human beehive the hotels, big and
little, are so overfowing with patrons that
the last resource for accommodation cots
which have not been needed since 1872,
are in brisk demand, and parlors and read
ing-rooms are once more extemporized as
dormitories. The flush times that were,
according to popular report, never to re-
turn to the republic, seem to have come
again. Every body is buoyant with hope,
enterprise and ambition everybody is
talking OF making money everybody has
some pet plan by which hundreds are to be
converted into thousands. Trade, manu-
features, mining, speculation of every sort,
are very brisk, and the future looks
brighter than it has done at any time since
the foundation of the Government. /
heard capitalist say yesterday 1.-The
men who do not get rich in the next five
years will remain poor all their lives.
There has never been anywhere such OPP
portunities as there are and will be here.
ENORMOUS FORTUNES
VIII be made. People who buy anything
that has any substance and hold it, will be
sure of handsome gains. The advance in
the material wealth of the nation between
this and the beginning of 1856 will be
enormous-beyond our most sanguine ex-
pectations. We are on the eve of COM
mercial developmentwe have neverdreamed
Of" This sounds extravagant, but all in
dications are of new era of extraordi-
nary, perhaps unexampled prosperity. 1t
is natural that the metropolis should first
feel the swell of the rising tide. This is
the counting house of the continent, and
observation shows that the great stir
among the thousands and tens of thou
sands of clerks, accountants and statesmen,
and their note of preparation are full of
significance. | do not know when | have
seen the town more bustling. South,
Water, Beaver, West and Pearl streets are
packed with bales, boxes, cases; Broadway
is thronged the shippingi is lively; all the
public houses are humming with arrivals
and departures Wall street and the Stock
Exchange are vibrant with excitement
the opera, the theaters, all places of
amusement, indeed, are filled night after
night the carnival of trade and pleasure
is rife from Hanover Square to Carmans-
VILE You could not find buster, more
thriving city on the globe than New York
is in the early March of 1880.
THE MINING MADNESS EAST.
In no kind of enterprise is there more
movement and stimulant than in mining
stocks, about which the whole town is
talking, and in which half the town ap-
pears to be specializing. The metropolis
is, you know, greatly interested in mines,
having been very large purchaser of late
of various mines in California, Nevada,
Colorado, Arizona and New Mexico. New
York reminds me just now of San Francisco
in one of its speculative fevers. High and
low, educated and ignorant, rich and poor
are dabbling in mines. Montgomery street
seems to have been moved into Wall street.
Californians are plenty here, and many
have come to stay. There has always been
a fascination about mines which no other
form of speculation possesses. The profits
are so large, when there are any, that they
appeal to the universal spirit of gain. You
can hear groups of men up town and down
town talking of Chrysolite, Sierra Nevada,
Little Pittsburg, Silver Hill, Union Con-
solidated and scores of other shares. The
Fifth Avenue and Windsor Hotels appear
in the evening like well-dressed mining
camps. Driving in the Park or walking in
the street your ears are greeted with
such phrases as GO struck it rich" "sev-
enty-fve per cent pure metal, millions
in sight, fifty per cent. advance in four
hours, half the claim sold for three mill
ions, ''surfaceindicationss splendid, "''clean
ore" nothing like it in Colorado, sc big
bonanza, sure" and the like. Several
brokers tell me that they receive by every
mail checks from So, 900 to 500, from all
sorts of persons, including young and old
women, requesting them to buy some good
mining stock. Hundreds of persons whose
entire means are embraced in few hun.
dred dollars are bitten with the tarantala
of speculation, and will not be quiet until
they have lost every cent they can COM
mand. Some of our staidest, richest,
hardest-headed men here have become
affected, and are advising all their friends
and acquaintance to g go in " with every
dollar they can raise. This is sure to do
deal of harm here as it has done in San
Francisco, not so much among the prosper
GUS, who can afford to lose, but among
people of slender means and small savings.
1t cannot hurt the city, of course, but it
can and will hurt any number of indi-
viduals who have had their heads turned,
and who will have their purses turned, too
turned inside out by the new mining
mania. We have fairly caught the fever,
and it is doubtful if it does not become in
corporated with the endemic diseases of
the city and the section.
THE TIMIDITY OF NOTED ORATORS.
Henry Ward Beecher, who is certainly
courageous enough in expressing his opin-
ions on theological themes, and who is con-
tinually disturbing extreme orthodoxists
by his very liberal views, is said by those
intimate with him to be very timid about
public speaking before he has begun. Not
withstanding his forty years and more OF
facing large congregations and assemblies,
he never appears in the pulpit or on the
platform, it is asserted, without great
trepidation and distrust of himself. He
cannot help feeling, absurd as it seems,
that this time he will certainly fail. But
when he has once opened his mouth, es-
pecially when he is little crammed up,
he is perfectly confident; he feels that he
is master of himself and his situation. He
wonders then how he could have been so
nervous and difident, and is persuaded
= L. .6a1 ha Ru+f ba
very next time the same dread and doubt
seize upon him. They are absolutely un-
controllable. He has tried to Danish
them in vain ever since he challenged the
big boy, when he was only IL years old, to
a debate on the authenticity of the Bible.
John B. Cough, one of the most sponta-
neous and fluent of men, who has lectured
nearly 2, 800 times, has the same apprehen-
sion invariably before confronting an audi
ence. He is convinced each time that ne