Wheeling register. [volume] (Wheeling, W. Va.) 1878-1935, 1882-01-09
STOCKS DOWN.
Dewitt TaImage and the Wall
Street Wolves.
The Lion and the Sheep-The Royal Bounce
Gambling in Grain-0ealing in
Stocks-The Brokers' Legitimate
sphere-concerning the
Market
A WARNING TO YOUNG MEN.

/ y
congregation q vigorous disquisition
on the evils of Safeguarding. linking
it happily in his series of sermons upon
the ten plaques of Egyptians, with the
more modern system of plaques which
| infect our business and social life. The
suggestiveness of the topic in the hands
| of such an orator as Talmage will ex-
cite the curiosity of-the general reader,
| and we doubt not repay him
for studied perusal. Talmage is al
ways interesting and always intensely
practical. There is nothing half said
when he saws it. There is no. morbid
fastidiousness in the selection OF lam
guage to convey his ideas. He calls
things by their right names. And the
reader feels in perusing his productions
| that he is getting the wheat without the
chaff. He will realize this fact especially
in the sermon which the REGISTER pre-
sents to its readers this morning.
Special to the Register.
BROOKLYN, January S.-To-day DIR. Tai
| mage continued his series of Sabbath morn
| ing sermons on the ten plaques OF our cities,
using as q subject,
| s.StOcks Down."
His text was Amos iii, u: GAS the shep-
| herd taketh out OF the mouth OF the hon
two lags and piece OF an ear, 50 snail I tne
! children of Israel be taken out that uwel-
| leth in Samaria."
| The shepherd comes down to look for his
| sheep and 10, he finds lion has been de-
| vouring them. And he beats the lion across
| the head till he drops out OF his mouth q
| fragment of O sleeps ear. So completely
| had the lion done his work that there was
| nothing left but these pieces. So, says
| Amos, the Israeltes shall be destroyed by
| their enemies. There is lion still abroad
deyouring the Lords sheep. 1t is the lion
| CT
Stock Gambling.
| Many OF them have been completely de-
| voured, body, mind and soul. Others are
| nearly gone, only fragment OF their ma
| ture is left 1t is the business of every
| shepherd TO beat back this cruel and blood
| thirsty lion and, if in any case there be
| only one ear left, to address that, There
| has not at any one time during my MEM
| ory, been more money or morals lost III
| stock gambling than now. There have
been wilder freshets and louder explosions,
| but the stiffness of this wide movement
only makes the peril greater. 1t is a still
| hunt" There are inducements offered
through the mail and by advertisement in
the newspapers. Therc>never before were
so many trust funds on their way to Wall
street, nor so many of the unwary being
entrapped. Our cities swarm with
| Bogus Bankers
and brokers, widows, orphans, seamstress
| es, clerks, and even clergymen are allured
to put In their all and take out nothing.
| Circulars flood the country, beautiful cir
| cularS, adrOit circulars that warn the peo-
pie against sharpers, but say in substance
| NOW, here is a scheme conducted on hon.
est principles. 1t is combination scheme
by which you will get the advantage of the
banding together of great many wise men,
| whereas if you went In alone you might
get swindled. Come with us and we will
| do YOU good" The circular contains the
names of many fortunate people acknowl-
| edging the receipt of q thousand dollars Tor
500 invested. The dupe hastens to get his
| money out of the savings bank and sends
it TO the combination certificate: For
value received this is to certify that blank
| is the holder of blank shares i'll Combina-
| ton formed 10 operate in stocks or other
| cash securities. Statements of transactions
will be mailed TO shareholders weekly, and
| at the expiration of one month from date
| this combination will be closed and the
| profits divided pro rata among sharehold'
ers in the proportion that the number
of shares held by each one shall bear to the
:. whole number invested. No part OF profits
or original capital
To be Withdrawn
| until the close of combination. Requests
| to hold portion OF profits for renvestment
cannot be complied with" The dupe can
hardly wait TO hear. He runs nervously TO
the postoffice. He prices better furniture
and looks out for a fine residence that he
may be called to occupy; visions OF the great
= ov,l
and Vanderbilt. Wonders if he will be sent
into dissipation through sudden fortune as
others have. A letter at the poStottice. So
excited he can hardly get it open. FirStat-
tempts 10 read il upside down. Ad justS
it,. Ha, Ha. Notification that the in
| veetment has earned one and half per
| cent. The exhilarated man takes another
walk around to see the house which he may
be able to buy. News too good TO keep.
Talks over the matter with his neighbors
and gets them to go in. Another letter at
the postoffice. Not so much excited, for
now something of the calmness Of assured
fortune. Opens it. He reads: "By an
unfortunate turn in the market your in
vestment has all been swept away, capital
and profit" This they call over il New
York the
Royal Bounce.
| call it infamous swindling. The widow
OF Il SOllleI WAS SlCh anu W hbih'
She had 500 besides her pension. She
read the fascinating account in the New
York papers and desired 10 afford better
schooling for her children, sent all her
money down and had il swamped in the
breakers, and into the same ruin is going
the livelihood of tens OF thousands OF peo-
pie and cry aloud, stand back! The
plague, Stock gambling is one of the ten
plaques.
All classes of people suffer directly or in
directly. What is the matter with the
price OF bread? Did the Lord destroy the
harvests with drought? No; there is plen-
prices, but the gamblers got hold OF the
grain market. They do not call il gam
bling; nothing SO awkward Us that. They
call it
Option In Grain.
No grain passes. One operator pays an
other $500 as an option on 10000 bushels OF
grain for February or March. If it goes
from $3.50 to 81 LAO, he pockets the ten cents,
or 81 600. If it goes down to sl.20, he pays
up one thousand more and loses the whole
There is no gambling with greasy cards in
a rum restaurant that is worse
than that What right has q
man to sell that which he does not own, or
buy that which could, under no circum-
stances, be delivered. Let me not be mis-
| understood. must deplore the lndlscrlm-
mate terms of condemnation employed by
many well meaning persons in regard to
stock operations. The business of the
stockbroker is justas legitimate and neces-
sary as that of dealer in clothes. groceries
or hardware, and man may be as pure
minded and holy a Christian at the Stock
Exchange as in q prayer meeting The
broker is in the sight of God, as much en-
titled TO his commissions as any hard-work-
ing mechanic is entitled to his days wages.
Any man has as much right to make money
by the going up of stocks as by the going
up of sugar, rice or tea 1t is the work OF
the broker TO facilitate business, TO make
transfer of investment to make and report
the tides of business, to assist the merchant
in
Lawful Enterprises.
Because there are men in this department
of business, sharp, deceitful and totally
iniquitous, you have no right to de-
nounce the entire class. Importers, shoe
dealers, lumbermen, do not want to be
held responsible for the moral deficits OF
their comrades in business. Neither have
you a right to excoriate those who