Milford chronicle. [volume] (Milford, Del.) 1878-1974, 1901-06-14

forsoOk their employment, neglected their |
business, disregarded their engagements /
to whirl along in the stream. to be at last |
engulfed in the wild sea of bankruptcy. |
Females mixed with the crowd, forget /
ting the station and employment which 1
nature had fitted them to adorn, and dealt
boldly and extensively and, like those by
whom they were surrounded, rose from
poverty to wealth and from that were
thrown down to beggary and want, and
all in one short week, and perhaps before
the evening which terminated the first
day Of their speculation. Ladies Of high
rank regardless of every appearance Of
dignity and blinded by the prevailing in
fatuation, drove to the shops Of their
milliners and haberdashers and there met
their stockholders, whom they regularly
employed and through whom extensive
sales were daily negotiated. In the midst
Of the excitement all distinctions Of party
and religion and circumstances and char
acter were swallowed up"
The Largest svvIndIes.
But it was left for our own country to
surpass all, about 81 years age. We
have the highest mountains and the
greatest cataracts and the longest rivers.
Z
gest swlndle. One would have thought
/ that the nation had seen enough in that
direction during the morus multicauls
excitement, when almost every man had
/ bunch Of crawling silkworms in his
/ house. out OF which he expected to make
/ a fortune. but all this excitement was
as nothing compared with what took
/ place in 1854 when man near Titusville.
| Pa, digging for a we'll struck oil. Twelve
hundred oil companies call for a bill
lion OF stock Prominent members Of
churches as soon as a certain amount Of
stock was assigned them, saw it was
their privilege to become presidents or
secretaries or members of the board of
direction Some of these companies new
or had foot of ground. never expected
to have. Their entire equipment was a
map of region where oil might be and
two walls of grease. crude and clarified
People rushed down from all parts Of the
country by the first train and put Their
hard earnings in the gulf. A young mar
came down from the oil region Of Penn
sylvania utterly demented. having SOLD
his farm at a fabulous price because il
was supposed there might be oil there
/ coming to n hotel In Philadelphia at the
time / was living there. throwing dOwI
a $1,000 check to pay for his nOOnda!
meal and saying he did not care any
! thing about the change! Then he step
t ped back to the gas burner to light hi
cigar with 81 900 note. Utterly insane
The good Christian people said. This
company must be all right, because Eide
i, So-and-so is president of it. and Eide
;. So-and-sO is secretary of it, and theI
. there are three or four highly respected
e protesting Christians in the board OF di
+ rectors." They did not know that wheI
Il professed Christian goes into stool
a gambling he lies like sin. But alas 70
: the country! II became a tragedy. and
l. thousand million dollars were swamped
s There are families today sitting in tn
It shadow Of destitution who bat for tina
great national outrage would have ha
r their cottages and their homesteads.
5: hold up before the young men these fou
Ie great stock gambling schemes that the
2. may see to what length men will go smit
# ten of this passion, and | want to shO'
" them how all the hest interests of societ
II are against it. and God is against it an
J. will condemn it for time and condemn
1t for eternity. l do not dwell upon tn
j." frenZied speculations in Wall street la!
10 month. You all have enough remen
ir brance Of that financial horror. onl
ie want you to know that it was in proce
y sion of monetary frenzies. some Of whiC
e. have passed and others are to come.
he Prayer For Success.
~ q mon OF Wall street and Of a