Connecticut western news. [volume] (Salisbury, Litchfield Co., Conn.) 1871-1970, 1901-06-13
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WARRINGTON, June 9.-In this dis
course DIR. Talmage arraigns the spirit
of wild speculation and gives some ac-
count Of the financial ruin of other
days; Proverbs xiii, 8, Riches GER
,tainly make themselves wings; they fly
away as an eagle toward heaven"
Money is a gold breasted bird with
silver beak. 1t alights on the office
desk or In the counting room or on the
parlor center table. Men and women
stand and admire it, They do not
notice that it has wings larger than
ravens, larger than a famingo's, larger
than an eagles. One wave of the hand
of misfortune, and 1t spreads its beauti-
full plumage and is gone, "as an eagle
toward heaven" my textbook says,
though sometimes think it goes in the
other direction.
What verification we have had Of
the flying capacity of riches in Wall
street! And Wall street is one of the
longest streets In all the world. 1t
does not begin at the foot of Trinity
church, New York. and end at the East
river, as many suppose. 1t reaches
through all our American cities and
across the seas. Encouraged by the
revival of trade and by the fact THAT
Wall street disasters of other years
were so far back as to be forgotten,
spectators run up the stocks from
point to point until innocent people on
the outside suppose that the stocks
would always continue to ascend. They
gather in from all parts of the country.
Large sums of money are taken into
Wall street and small sums of money.
The crash comes, thank God, in time
to warn off a great many who were on
their way thither, for the sadness of
the thing is that great many of the
young men of our cities who save a
little money for the purpose of starting
themselves in business and who have
$500 or $1,000 or $1,000 or $4,000 go
, into Wall street and lose all. And II
there ever was a time for the pulpit to
speak out In regard to certain kinds Of
nefarious enterprises now is the time.
Stocks rose and fell, and now they
begin to rise again, and they will fall
again until thousands of young men
will be ruined unless the printing press
and the pulpit give emphatic utterance.
My counsel is to countrymen, so far as
they may hear Of this discourse, If they
have surplus, to invest it in first mort
cages and in moneyed institutions
which, though paying comparatively
small interest, are sound and safe be-
yond dispute, and to stand clear of the
Wall street vortex, where so many
have been swamped and swallowed.
What compliment 1t is to the healthy
condition Of our country that these re-
cent disasters have in no wise depress-
ed trade! l thank God that Wall
streets capacity to blast this country
has gone forever.
Wall Street.
Across the island of New York in
1886 q wall made of stone and earth
and cannon mounted was built to keep
of the savages. Along by that wall
street was laid out, and as the street
followed the line Of the wall 1t was
appropriately called Wall street. 1t is
narrow, it is unarchitectural, and yet
bard street, London, it Is the mightiest
street on this planet. There the gov
eminent Of the United States was born.
There Washington held his levees.
There Mrs. Adams and Mrs. Caldwell
and Mrs. Kpox and other brilliant wo-
men of the Revolution displayed their
charms. There Witherspoon and jon
athan Edwards and George Whitetield
sometimes preached. There DR.. Ma
son chided Alexander Hamilton for
writing the constitution of the United
States without any God in it. There
negroes were sold In the slave mart.
There crimsnals were harnessed to
wheelbarrows and, like beasts of bur
den, compelled to draw or were dashed
through the street behind carts to
which they were fastened. There for
tunes have come to coronation or buri-
al since the day when reckless specu-
lators in powdered hair and silver shoe
buckles lodged Dugan, the governor
general of his majesty, clear down to
yesterday at 8 o'clock. The history of
Wall street is to a certain extent the
financial, commercial, agricultural,
mining, literary, artistic, moral and re-
ligious history of this country. There
are the best men in this country, and
there are the worst. Everything from
answering integrity to tiptop scoun-
drelism-everything from heaven born
charity to bloodless Shylockism.
want to put the plow In at the curb
stone Of Trinity and drive 1t clear
through to Wall street ferry, and so
1t shall go If the horses are strong
enough to draw the plow.
First of all, Wall street stands as
type In this country for tried integrity
and the most outrageous villainy
Farmers who have only few hundred
dollars worth of produce to put on the
market have but little to test their
character, but put man into the sew
en- times heated furnace of Wall street
excitement and he either comes out a
Shadrach, with hair unsinged, or he is
burned into black moral cinder. No
half way work about it. II l wanted
to find integrity bombproof, I would
go among the bankers and merchants
OF Wall street, Yet because there have
been such villainies enacted there at
ed that it Is a great financial debauch-
cry. and they hardly dare go near the
street or walk up and down it unless
they have buttoned up their last pocket
and had their lives insured or religious
ly crossed themselves. Yet II you start
at either end of the street and read the
business signs you will find the names
of more men of integrity and Christian
benevolence than you can find in the
same space In any street of any of our
cities. When the Christian commits
sion and the sanitary commission want
ed money to send medicine and band
ages to the wounded, when bread
stuffs We're wanted for furnishing Ire
land, when colleges were to be endow-
ed and churches were to be supported
and missionary societies were to be
equipped for their work of sending the