Fort Worth daily gazette. (Fort Worth, Tex.) 1882-1891, 1883-08-22


scarcely touched; they will not
be exhausted for one hundred to three
hundred years. Four-ffths the area
of the Southern states Is still covered
with fine timber, and 1t is from this
region the supplies of lumber for the
country must soon begin TO be drawn.
When that time comes, the mills now
at work in the Northwest will be
transferred to the South, and the
Southern forests become scenes of a
thriving and profitable industry.
-
DURING the past week there has
been great excitement in Wall Street,
but fortunately the outside public do
not appear this time to have been
hurt. One of the best financial au-
thorities in New York says the teach
ings should, however, have the same
effect as though general financial
and commercial panic had fol-
lowed the recent furry.
1t is the gambling speculations that
occur there, which justly give Wall
street bad name. All markets are
demoralized by such transactions.
The tone of public morality is lowered.
Aud worst OF all the offense goes un-
punished. The men who work all
this evil profit by 1t, and fill their ca
pacious pockets with the spoils, which
no law can take away from them; and
this reward Of their rapacity enables
them to make larger the plumber they
are to obtain from their next thieyish
Operations" How many queer
transactions crowd the history of Wall
street. What halo surrounds
that little, short, insignificant
street; what memories, bright
and bitter, cluster around it,;
how many thousands and tens of
thousands have entered it with glow
ing antieipations, dazzling visions of
wealth and all its concomitants of lux
rious ease and pleasures, to have them
so soon dashed to the ground, ana the
scales torn from their eyes at the first
contact with stern reality; to witness
their hard-earned little saving, which
they have toiled for and horded so
long, swept away in Il moment into
the greedy nav Of some giant of the
street; then to return prematurely
aged, broken'in spirit, never to re-
turn. On the other hand how few
have succeeded III catching and hold
ing on to that will-'o-the- wisp fortune
and then what countless struggles aud
sleepless nights 1t represents.
Up to comparatively few years ago
men were content, with occasional eX'
ceptions, to get rich slowly and 10y con
slant Accommodations and savings. The
4 popular idea Of obtaining u competen
ey was to save what was made, basin:
it on the single idea and the true one
that the surest and best ROAD to wealth
is economy. But how different now
The young man to-day is not conten
with the plodding ways of industry
but will be rich at once. He hears G
men who have made fortunes in
day, and he would do likewise, forge
ting that it requires knowledg
and a genius for sue
achievements, as 1T does
ensure the success of SAGE or y
PofEoN. A man will make money
ANYTHING he has real talent for-bl
he must surely possess 1t, not simpl
think so. But these outside dabble
: in Wall street will not see this, al
are blinded with the apparent ca
with which money is made--it seen
merely like game of chance and the
, are as likely to win as anyone els
= They forget the immense capital
: the control of Wall street Croesues al
= which makes money itself. They !
? so overlook the fact that these me
: being on the inside, can manipula
: stocks to suit themselv'
y aud that it is not gem
: ally game of chance with them, |
almost always n sure thing And tn
: are ignorant perhaps of another ia
~ that the bulk of these vast iortur
: which they covet are not made
> speculation in the strictest sense of
W. word, but by legitimate trading. b
Z" nevertheless, knowing such trut
y, men will speculate, justas men alwi
80 have gambled and will continue
y gamble. And little Wall street W
g continue 80 ruin the strong and emit
" the unwary, rs well as reward and
rich the steady, honest and indns
y Gus trader.
ne TEXAS STATE NEWS.