Ceredo advance. [volume] (Ceredo, W. Va.) 1885-1939, 1901-06-12


How soon the flying. oofs of his iron
grays clattered with him to his de-
strnction! Remember poor Cav. AZ 30
years OF age astonishing the world
with his fortunes and his forgeries
iSeine mber that famous man whose
steamboats, aud whose opera houses
could not atone for his adulterons
rides through Central park in the face
OF decent New York and whose he.
havtor on Wall street Inv its examine
has blasted tens of thousands of youny
men of this generation.
hold up the polluted memory 10
warn young men whose moral princi-
pies are not thoroughly settled to keep
out OF Wall street. 1t is no place for a
man who shivers under the blast 81
temptation. Let me say also To those
who are doing legitimate business on
mar or similar streets of which that
Is type to stand firm in Christian
principle. You are in a great com.
mercial battlefield. BE courageous
mere Is such a thing as n hero OF the
bank and hero of the stock exchange
ON he that hero. have not so much
admira ton for the French emnreSs
VINO stood in her balcony In Paris and
audressed an excited mob and ouelled
u as have admiration for that veneer
aoIe banker on Wall street who in 1s64
H'o"u on The steps of his moneyed in
S'itutlon and quieted the fears of de-
Pos'tors and bnde peace to the angry
wave OF commercial excitement. God
ala not allow the lions to hurt Daniel
ana lie will not allow the "bears" TO
hnrt you. Rene mber. my friend. that
an '"ese scenes Of business will soon
nave passed away. aud by the law Of
""u eternal right all the affairs of
your business life will be adjudicated
honesty pays best for both worlds.
At certain times almost every pros
porous merchant wakes up. and he
says: Now, | have been successful
III my line of trade, and | have n toll
cradle income. I think I shah on
down 10 Wall street and treble II in
three weeks. There's my neighbour
lie was in the same line OF business
He has $780, 900 or $500. 600 from the
simple fact that he went into Wall
street. think shall go too" Here
they come, retired merchants who
want TO get little excitement in
their lethargic veins. Here they come.
the trustees of great property, to
foolevcrything away. Here they come.
men celebrated for prudence. to tribe
with the livelhoods of widows and
orphans. DO YOU wonder that some
times they become insane? II is in
sanity. DO you know there are hun
drcds OF young men who are perish
ing under the passion for stock gam
bling2 DO you know that in all
Christian lands this is one of the
greatest curses?
1t is not peculiar to mercurial Amer
leans. Oh, no! Almost every nation
has INDUCED in it, The Holanders.
the most phlegmatic people in the
world, had their gambling seizure in
1853. 1t was called the tulip MANN.
1t was a speculation in tulips Prop
critics worth $500. 900 were turned into
tulips. All the Holland nation either
buying or selling tulips. One tulip
root sold Tor 5000, another for 81 600.
Excitement rolling on and rolling on
until history tells us that one Am
sterdam tulip which was suppose cd to
be the only one OF the kind in all
the world actually brought in the
market S1,sI6,0oO! That is n matter
of history. OF course. the crash
came, and all Holland went down
under IL.
Iut France must have its gam
bling expedition. and that was in
1916. John Laws Mississippi scheme,
it was called. The French had
heard that this American contipcnt
was built out OF solid gold, aud the
project was to take it across the
ocean and drop IL i'm France. TX
element beyond anything that had
yet been seen in the world Three
hundred thousand applicants for
shares. Excitement so great that
sometimes the mounted military
had to dispense the crowds that had
come TO buy the stock Five hun
drcd temporary tents built to nc.
commodate the people until they
could have opportunity OF interview
ing John Law. A lady Of great
fashion had her coachman upset her
near the place when John Law was
passing i'm order that she might
have an interview with that benevo-
lent and sympathetic gentleman
Stocks went up to 1850 per cent.
until one day suspicion got into the
market. and down il all wcnt-John
Laws Mississippi scheme burying
it's protector and some OF The great
est fnancicrs in all France. aud was
almost as bad as a French revelation.
Sedate England took its chance
i'm 1920. That was the South sea
bubble. They proposed TO transfer
all tho gold OF Peru aud Mexico and
the islands OF the sea TO England
Five millions worth OF shares were
put on tie market at 4 300 81 share.
The books open. i'm "A few days 10 IS
all taken and twice the amount
subscribed.
Excitement following excitement
until of LfuIc Of ,rotut,ffr,, ,,......... d.