The Grenada sentinel. [volume] (Grenada, Miss.) 1868-1955, 1901-06-15
natronize It. On, how many men have

gore down for the Simple reason theiI
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-
struction! Remember poor Gay, at ~
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.
l hold up the polluted memory to
warn young men whose moral princi-
pies are not thoroughly settled to keep
out of Wall street. 1t is nc 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 a type to stand firm in Christian
principle. You are in a great COM
mercial battlefield. Be courageous.
There is such a thing as a hero of the
bank and a hero of the stock exchange.
You be hat 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 l 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 adjudicated.
Honesty pays best for both worlds.
At certain times almost every pros
porous merchant wakes up, and he
says: "Now, l have been successful
in my line of trade, and l have a toll
cradle income. l think l shall go
down to Wall street and treble it in
three weeks. There's my neighbor.
He was in the same line of business.
He has S3O0,O0O or $500, 900 from the
simple fact that he went into Wal
street, 1 think I shall go too" Here
they come, retired merchants who
want to get a little excitement in
their lethargic veins. Here they come
the trustees of great property, tc
fool everything away. Here they come
men celebrated for prudence, to trife
with the livelihoods of widows ant
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 stool, gam
bling? Do you know that in al
, Christian lands this is one of tn,
greatest curses?
1t is not peculiar to mercurialA Amer
, leans. Oh, no! Almost every natioI
, has INDUCED in it. The Hollanders
the most phlegmat.c people in TIL
: world, had their gambling seizure il
S 1853. 1t was called the tulip mania
= 1t was a speculation in tulips. Prop
critics worth $500. 600 were turned int
r tulips. All the Holland nation eithe
D buying or selling tulips. One tuliI
: root sold Tor 5000. another for $4,000
o Excitement rolling on and rolling o.
Y until history tells us hat n Am
sterdam tulip which was supposed t
k be the only one of the kind in a.
o the world actually brought in tn
:. market S1,s16,OoO! That is a matte
of history. OF course, the cras
came, and all Holland wen. dow
under it.
d But France must have it's gan
e bling expedition, and that was ]
r 1716. John Laws Mississippi schem,
e it was called. The French ha
heard that this American continen
s was built out of solid gold, and tn
II project vas to take it across tn
ocean and drop it in France. f,
element beyond anything hat ha
l yet been seen in the world. Thre
r hundred thousand applicants fo
'e shares. Excitement so great tina
ID sometimes the mounted militar
n had to dispense the crowds that ha
n come to buy the stock. Five hun
&c dred temporary tents quilt TO az
n ~commodate the people until the
could have opportunity OF interview
ID ing John Law. y lady of gres
Ell fashion had her coachman upset he
et near the place when John Law Wa
III passing in order hat she migl
have an interview with that benev,
IN lent and sympathetic gentlema.
~ Stocks went up to 1850 per cent
ne until one day suspicion got into II
~ market. and down it all went-Jot
10 Laws Mississippi scheme-buryir
O. its protector and some of the grea
or est financiers in all France, and W;
re almost as bad as a French revolutio
Sedate England took its chan,
es in 1920. That was the South $,
Oh bubble. They proposed to transit
ne all the gold of Peru and Mexico al
as the islands of the sea to Englan
e Five millions worth of shares we
IN put on the market at $500 a shan
The books open, in n few days it
of all taken and twice the amou,
a subscribed.