The Iola register., 1901-06-14

| integrity had not been thoroughly es-
! tablished. Remember poor Ketcham.
How soon the flying hoofs of his iron
grays clattered with him to his de-
structionl Remember poor Gay, at 30
years of age astonishing the world
with his fortunes and his forgeries.
Remember that famous man whose
steamboats, and whose opera houses
could not atone for his adulterous
rides through Central park in the face
of decent New York and whose be-
havior on Wall street by its example
has blasted tens of thousands of young
men Of this generation.
hold up the polluted memory to
warn young men whose moral princi-
J pies are not thoroughly settled to keep
out of Wall street. 1t is no place for a
man who shivers under the blast Of
temptation. Let me say also to those
who are doing Legitimate business on
that or similar streets of which that
is type to stand firm in Christian
principle. You are in a great COM
mercial battlefield. BE courageous.
There is such thing as n hero of the
bank and hero of the stock exchange.
You be that hero. l have not so much
admiration for the French empress
who stood in her balcony in Paris and
addressed an excited mob and quelled
it as have admiration for that vener-
able banker on Wall street who in 1864
stood on the steps of his moneyed in
stitution and quieted the fears of de-
positors and bade peace to the angry
wave OF commercial excitement. God
did not allow the lions to hurt Daniel,
and He will not allow the "bears" to
hurt you. Remember, my friend, that
all these scenes of business will soon
have passed away, and by the law of
Gods eternal right all the affairs of
your business life will be adiudicat te d.
Honesty pays best for both worlds.
At certain times almost every pros
porous merchant wakes up, and he
says: "Now, | have been successful
i'm my line of trade, and | have n toll
erable income. | think | shall go
down to Wall street and treble it in
three weeks. There's my neighbor.
He was i'm the same line of business
lie has 100000 or 100000 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 i'm
their lethargic veins. Here they come
the trustees of great property, to
fool everything away. Here they come
men celebrated for prudence, to trifie
with the livelihoods of widows and
orphans. Do you wonder that some
times they become insane? 1t is in.
sanity. Do you know there are hun.
dreds of young men who are perish.
ing under the passion for stock gam
bling? Do you know tnat in al
, 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 Hollanders
, the most phlegmatic people in tn,
world, had their gambling seizure il
5 1888. 1t was called the tulip mania
II was a speculation in tulips. Prop
; critics worth $s0O,OO0 were turned intC
r tulips. All the Holland nation eithei
, buying or selling tulips. One tuliI
= root sold Tor 5000, another for $4,000
} Excitement rolling on and rolling OIL
= until history tells us that one Am
! sterdam tulip which was supposed Il
( be the only one of the kind in al
} the world actually brought in thu
q. market S1,s16,000! That is a matte
of history. OF course, the crasl
|, came, and all Holland went dowI
under IL.
/ But France must have its gam
E bling expedition, and that was il
r 1716. John Laws Mississippi scheme
e il was called. The French hat
! heard that this American continen
s was built out of solid gold, and th
r project was to take it across tn
:. ocean and drop it in France. Ex
: citement beyond anything that ha'
l yet been seen in the world. Thre
= hundred thousand applicants 70
e shares. Excitement so great tha
d sometimes the mounted militar:
n had to dispense the crowds that ha
/ come to buy the stock. Five hun
e dred temporary tents built to &C
n commodate the people until the
r could have opportunity of interview
d ing John Law. A lady of grea
t fashion had her coachman upset he
t near the place when John Law wa
II passing in order that she nigh
l. have an interview with that beneyc
N lent and sympathetic gentleman
y Stocks went up to 2,O5O per cent
e until one day suspicion got into tn
J market, and down it all went-Joh
d Laws Mississippi scheme-buryin
l. its protector and some of the great
# est fnanciers in all France, and wa
e almost as bad as a French revolution
e Sedate England took its chanc
IS in 1920. That was the South Sc
u bubble. They proposed to transfe
e all the gold of Peru and Mexico an
IS the islands of the sea to England
E. Five millions worth of shares wer
n put on the market at G 300 n shar'
The books open, in a few days it
If all taken and twice the amour
a subscribed.
Ie Excitement following eXcitemer
it until all kinds of gambling project
D. camo forth under the wing of th