Savannah morning news. [volume] (Savannah) 1868-1887, 1885-11-08
SOME WICKED SCHEMES
THAT ROB THE SAILORS AND
FARMERS OF LONG ISLAND.

BRroGr HAMPTON. L. J., Nov. The
Daop!s aoine business in q great financial
csnter Apparently fail 20 understand, or
may BE do no. care. now the non-rayment
OF in tere55 on the large issues If yest-neu mt
securities al els the rursl population which
has invested its saving. IN tl uL Were
the money comes from Of tle snc-m0uz
amount If 1yoez performed to earl IL auI
Of It's c-cmpiuy economies pr2ot-ct1 To- save
if. tn, directors " the w.cssI schemes sT
whica those people nave been p.ulder,l
proba bly, know ltls ami cure less. Ilef
got cAa muler in exchange Tor worthless
bones. cert d-ates ~ stock When the
fpnuci1l crash drew near. clearly seen b.
their discerning eyes, they stepped as.-e
and q allowed the IrauiuienJy bul.U edid
to fall On tne contling persons they had
lured into it. The interruptions sclems.s
were promptly spoken Of as unforuuat=
dnaaciers, whose ably conceived plans had
Iniscarrisd L. many cases they spes1l-
resumed business. To-Day the larger por
ton Of these dishonest wretcdes are respect
fully spoken of "a sharp, sirswd tusiu
men, or as long headed, sagacious final-
ciers, terms too frequentl5 Synonymous
with thieves Of finished craft
Years ago Long Island producsd rare
lot Of sailors These men were the peers Of
the New London AMI New Bedford nsvisa-
tors Sixty years ago the Long Island
farmers drew a largs portion Of their sup
rort from the sea Accus toned to the
water. they naturally took u the SEA when
the nomesteads became overcro wded The
manned aud offered the whaling feet that
sailed. from the Long Island ports. They
explored the then almost unknown north
ern seas. They we're the scouts Of the
ocean. Wherever this whales led they TO-
bowed
Many Of the old Long Island men have
pass 81 thirty, forty aud fifty years Of their
lives on sbipboard. As il is on this island,
50 it il all along the New England coast.
From early youth these men faced the dan
gers incident TO whaling, and they are
many. Their aim was TO secure a home
and a competence for their age. The first
profits of their hazardous calling were IN
vested in small farms They made three
and four years. voyages. They worked
hard They lived well They lavished the
strength Of their youth. Their wives and
children drew the larger portion Of their
subsistence out Of the lean land. Rigid
economy was the order of their day.
These men retired from business when
their hair was hoar-frostei and their joints
stifened by Arctic winds, TO live on their
farms, confident that the interest on the
money they had earned by the fearless use
of harpoons would supplement the scanty
profits OF Long Island agriculture and as
sure them comfortable support until they
died. They were a manly race They
were honest, brave, truthful AMI deeply re-
Egious. They had faith in manI ind Other
mon living on the island. by dexterous
use Of oyster tongs, clam rakes and fishing
nets, day after day. Indifferent to the
weather, performed thsir arduous work
Years rolled by and " hen they we're stiff
fened by rheumatism and age they, too, re-
tired from work to live lives Of modest sim
plic-Jy. Soft was with the farmers. Through
hard work and pinching economics they
saved sufficient money to keep them in com
fort 81 hen their days Of usefulness were past.
None Of these men required large sums
Two, three four, five thousand dollars were
sufh cient. All OF them were patriotic, and
whe the government needed money during
the bloody days OF the shareholders rebel
lion, they invested their earnings in its
bon Is.
What happened to these meni City bred
peo pie, attracted by the beauties and eli
mate Of the south shore of Long Island
beg an to visit the region These visitors
81 L.f
land They saw that one mine had not
beeIi worked. They realized that tho de-
crease IN the purchasing power Of money,
Incl dent to the war; had crampsd many OF
the people as none OF their fortunes were
large. Here was the opportunity the
shal pers were looking for. The men whose
bus ness it was, and is, 10 sell worthless
rail way securities sent agents-smooth.
plausible talkers-among these kindly
people to rob them. These men of polished
craft calculated the difference in income
derived from, say So 600 invested in gov
eminent bonds and the same sum invested
IN tie bonds OF the New York and Labra-
dor Railway company, or in the Nor
theIn Pacihcs Of the original Jay Cooke
issue. They talked crsftily in the stores,
on the seashore, in the hunting field, and
in The evenings as they sat around the open
freplacss. Tney figured fraudulently on
ihits OF wrapping paper, and they lied
adroitiy as 10 how this Christian Philade-
phia banker and that New York Evangei-
cal capitalist had sold their governments
md had invested in the more remunerative
and equally safe bonds of railroads man.
aged BY apostles Of transportation.
The result was that in tho townships OF
East and southampton on Long island
over 81, 900, 900, the hlo savings Of many
families, were invested in thee worthless
bonds OF the economies practicoi, If the
priva tions and hardships endured, Of the
dangers laced, to accumulate that large
gum, say nothing. Amy one familiar VITA
Long Island agriculture, or life on a whai.
ing ship, or with the work nece ssary
to carry on the deep sea or bay fishing, can
tell IT, But Of the wreck of homes, OF tus
impoverishment OF aged, respectable men
md women and OF weak and helpless
children, and Of the privations and hard
ships Of life thai have followed the wicked