Lancaster daily intelligencer. [volume] (Lancaster, Pa.) 1864-1928, 1881-02-24
1al1rastcr E:stfl!:gsnccr.
THURSDAY EVENING. FEB. "a, 1881.
Stock BailOOning.

It seems that Mr.. Gould, of the Jersey
Central Mr.. Vanderbilt, Of the New
York Central Mr.. Garrett. OF the Bal
tiniore & Ohio Mr.. Drexel, of Phila-
delphia and Mr.. McComb, Of Della
ware. formed a syndicate to secure q
charter for and to build the Delaware
& Western railroad as an opposition
line to the Philadelphia, Wilmington &
Baltimore road. That corporation, OF
course, contested the matter iii the
Legislature: but suddenly i proposition
is made to transfer the control Of the
Old line 10 the promoters OF the new.
The immediate advantage offered is
the OppGrt unity to put up TIC stock
in the New York market from
seventy to one hundred and divide
t:.e profits. The speculation is
entirely in Mr.. Gould'S line and 10 doubt
the suggestion cones from him. Mr.
Garrett falls in with it. being eager to at
once get New i ork connection under
his control. Mr.. McComb declines be-
cause he Is committed to the people of
Delaware TO procure Z competing line to
the cXisting moliop"ly. Mr.. DreXci and
Mr.. Vanderbilt also stay out. probably
because they t"iG they would be paying
too dear for their whistle 10 bit the old
ra.rU:.ts At the price. when Il new one is
liable TO he built ANY day fer 50 much
less. CD,ioubt".!iy tii:,!r conclusion is
correct. Nj. & Dni,i knows it as well as
they de. But Mr.. Gould proposes 10
make his :.ay Speedily While the sun
Shines On the Present aninatcl stock
market, and 10 scoop III this thirty pvr
cci:t. advance un the price pail.and then
let the thing drop heavily Oh the simple
people whom he has gathered il lis cost, V
b;iZ2;ii':t feast.
Tn",.: 'i"yain.m":ltS lave nnW come
o,t t:riu s' The r,;:,,,iri' =. t,!t alliance
f,s.,:!..! "a i,;lill ;ic D,..;;wnr,. Western
railroad AMI t:.;'y are very l,u;"worth,;
as cnln;'ietry i!iu5.rn::v" ni Mr. tinnll $
me!lI,t!S .,h;! Ills n:n-v,.inl.s are
Interesting t" :: great I..;ti:E l,,.ype,
in loeI, sine. i. seems 10 be the
I.
sucl! an :tii!!y II fol-; have penetrated III:
the hope # Il quick and easy fortune. Il
Is really astonishing u consider HE cX-
tr;t ct th- )! ,!"ck-;ie:,li,iy craze. 1t Eas
entered this :itii,. town Of ours and ci!.-
brace;! 50 nail, of lis population that ole
broker ii:,S been required {" build special
telegraph line for his private Msc to con-
meet hiln witii he New York stock board ::
one customer says iir paid h,n last l.,nnt!!
fifteen liliidt:r,i dollars in commissions !:
and he was not the most extensive u;n.r-
ator either. Another merchant, who
operates daily Under spiritual direction.
thinks lie has reduced the thing to :,
systematic business operation AID re-
ports thai he has clrart:: All average OF
th!rty-fve dollars ii ,l;,y during the
months j:r has been wntcliin. the
''ticker''
When people are thus possessed. inan-
ifestiy ii is, 81 consequence to know the
methods of the !,ass witch who is max.
ing the cai'lr"n bubble. NDbniy de-
MES the !.0Sii ion to Jay Gould. He has
fairly won il 10y his muIiif:irious opera
tiOns, their boi'lness and extent and the
boun!lesS resources, "f every degree Of
coiOr, drawn upon IT, promote them.
His dt' ices ;i:r cX" c"&!ill-iy simple. They
simply consist Just ROW in taking :avan-
ta@e of the creGulity Of the people and
their disposition 10 tr;lst t. the coItin-
uance Of the upward wiVn in stock
prices. Having secured -cl OF Il cor
poratlon Il is al once brought
into notice and the impression
created that its Stock Wiii rise. Ii is in
the language OF the street :. worked! -
until its stock reaches the figure fixed for
unloading. These times are very pre-
pi;ious for these enterprises. The stock
buying mania often keeps the stocks as
cending even after the clique tha.
worked them has thought it pru-
dent to get from under. Things 90
up a kiting un the fayorng breeze
created by the united efforts OF the great
army of people who are now specuIaling
in stocks. So that Mr.. Could and his
fellow cHnSpiratorS, leading the van.
have not yet lost their influence through
the subsistence of the inflated values
they have caused. Il Is rniy necessary
now for it to be known thai Gaul! is
connected with :. 1rnj Let 10 cause it to
bJulI upwards, t!lrnu- IL the cYowling in
of the multitude to gel q piece Of the
NIL f,.,r. L.,
end of this. Stocks cannot ALWAYS sail
up On nothing. People will net ALWAYS
be SO blind as to believe that a railroad
or Il telegraph company. Stocked ut many
times its cost Reconstruction anl ALWAYS
liable to the competition of I, new line, IS
safe to buy into. They don't believe it
now indeed: but they think that there
are other fools who do and that they can
fo-esee the crash hnd get cut: lin time. TO
all such We recommend the story Of the
two colored hunters, who found one day a
bear cave with the cubs in it and t! e
dam away from home. Pete went in
and jim staid at the mouth to watch.
Presently Peter found occasion to say.
" Jim, wha' darken de hole ,iar:' and
Jim, who was holding on for dear life 10
the old bear who had Slipped by, shouted
down. "Wait till de tail brake and you'll
see villa darken de hole dar.;' The tail
will break, We fear. before our friends
who are now agreeab'y clnp!uied in poch-
citing their profits are able to get safely
ont of the hole