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4 THE N^ITiERU CTAR, October 18, 18^.
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HIE iNOKTHEKiN STAK SATURDAY, OCTOBER 18, 1845.
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TIIE PRESENT GAMBLING MANIA. ITS PARALLE...
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Note: This text has been automatically extracted via Optical Character Recognition (OCR) software. The text has not been manually corrected and should not be relied on to be an accurate representation of the item.
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4 The N^Itieru Ctar, October 18, 18^.
4 THE N _^ _ITiERU _CTAR _, October 18 , 18 _^ .
Ad00405
_EREWASH _VALLEY EXTENSION -. _; - ¦ - . " - ¦ - ' ~ x } H > _. "'"' ~' ' ' " '" _HOCHDALE , BLACKBURN , AND EAST LANCASlimE J UNCTION RAILWAY COMPAN 1 . [ PBCVISIOXALLT _nCGlSTEREI ) . ] _C-iroHal £ 1 , 750 , 000 , in 87 . 500 Shares of " £ 20 each _^•^ * Deposit , £ 2 2 s . pur Share . PROVISIOSAI , COMMITTEE . C H . _Handerson , Esq ., Upper Clapton , Director of the Sooth -Midland Kailway Company . Charles Dickson Archibald , Esq ., tf . li . S ., F . S . A . York-terrace , _Rcgest ' s-park , and Walney , Director of the Trent Valley Railway Company . "Wjlliam Bean , Esq ., Tuke-hill . TClliam Beresford , Esq ., ALP ., J ? . Pall Mall , London , Director of the Thames Valley Railway Com-
Ad00406
William Sloane , Esq ., Wimpote-strect Cavemlishsquare , Director of the -Sou t _* fe' and Midlands Railway , and Belfast , Larne , and Ballymena Railway Companies . James Sraallpage , Esq ., Green Bank , Burnley , Director of the Wolverhampton , Chester , and Birkenhead Railway Company . Henry Taylor , Esq ., Wigan , Director of thc Liverpool and Leeds Direct , tho Keighly , Halifax , -and Huddersfieid , the York aod Lancashire , and -the Cheltenham , Oxford , and London Railway Com-
Ad00419
EREWASH VALLEY EXTENSION AND ROCH DA LE , BLACKBURN , AND EAST LANCASHIRE JUNCTION RAILWAY COMPANY . NOTICE IS HEREBY GIVEN , that no further Applications for Shares in this Company ean be received after "WEDNESDAY , the 15 th of October , after which the allotments will take place . By order , Siii _ i _ aTO- ? MKi Lockbr , Sec . _4 _t _FiBBJjory-wrcuB ,
Ad00407
EREWASH ... " VALLEY .:. EXTENSION---AMD ROCHDALE , BLACKBURN , AND EAST - - . LANCASHIRE JUNCTION _ItAlHiWAY COMPANY . _"VrOTJC'E IS HEREBY -GIVEN , that the _offices lN of this Company ai « REMOVED to U , 1 'insbui _* j-eiroua . By order , SraMXGFLEBT LoonBR , Sec . October 9 . 1845 .
Ad00408
TO TAILORS . By approbation of Her _Itast _Excellent Majesty Queen Victoria and His ltcyal Highness Prince Albert . THE _LOXDON aud _TAS _. IS FASHION'S tor Autumn and Winter , 1845 arid 1 *« , ready early iu October , hy READ and Co ., 12 , _Hart-street , _Biuomsfcury-squaro , London ; B . rg _« y _IIolywell-strect , Strand , London , and may be hud of all "Booksellers wheresoever residing ; a vmj _tupc-i-b Print , representing the most-splendid _exhibition in Europe , an Interior View of the Colosseum , _Heirent'e . park , London . This exquisitely executed and beautifull } - coloured I ' rint will bc accompanied willi _fullsijic Dress _^ Frock , aud Riding Coat Patterns ; also , Patterns nf Hia _?*«• Fashionable Polka Frock . -iuul -Locomotive
Ad00411
TO TAILORS . Just published , LOU ' DOX and ' PARIS FASHIONS for the Autumn nnd "Winter , 1845 , by T , GOOD , 6 , Conduit-stre « n , -Regent-street , London . The mostsupeib plate ever published—19 figures , representing the most fashionable garments , particularly the new style paletot orcr-eoats _, both stngleand double-breasted , six putlerusof garments—via ., two sizes of paletot , two dress coats , the Parisian style vest with skirts , and shooting vest ; full and particular report , _A-c _* ., < S _ e . Price 10 s . 6 d . for the one season , or 20 s . for Olieyear , including an intermediate report , summer and Winter , with every necessary information throughout the year .
Ad00413
TO TIIE EMBARRASSED . —IMPORTANT . THERE are thousands of persons who have struggled long agaiust the force of misfortune , but few are aware that by a very recent Act all small traders owing debts not exceeding £ 800 , farmers , and all others owing to any amount , can be entirely raised from their difficulties at a small expense , aud without imprisonment or bankruptcy . All such Mr . Weston begs will apply to him at _Moii-a-ehambers , 17 , Ironmonger-lane , _Cheaptidc , by letter or personally . Persons summoned for small debts sliould apply immediately , as they may thereby save themselves from frequent and lengthened commitments to prison .
Ad00414
TEETH . MASTICATION and Articulation Improved and Guaranteed . —Messrs . DAVIS , Surgeon-Dentists , V 2 S , Pall-mall , opposite the Haymarket , and 1 , New Bridge-street , corner of Fleet-street , continue to supply teeth , _guaranteed never to discolour , break , or decay , anil fixed without fprings or wires , without extracting the old stumps , or giving any pain . A single tooth , 5 s . ; a set , £ 5 . Loose teeth fastened , Scurry in the gums effectually cured . Stopping decayed teeth . Price is ., Davis ' s Hermaslican : all persons can use it themselves , as fuU directions are enclosed , and can be sent per post .
Ad00415
GENUINE TEAS AND COFFEES FOR THE MILLION . Tlie cheapest place in London for Teas and Coffees is at the Warehouse , _2-t and 25 , Regent Street , Westminster , near the Vauxhall _Bridjje Road . ' _HpHE Proprietor , E . WARMINGTON _^ _-ikcs this oppoi _* . A tunity to return thanks for the libeWl support he has received since he opened the above premises ' ; anil to those wlio have not yet favoured him with their patronage , E . W . most strongly solicits a trial , feeling assured that the articles sold at the warehouse , both in price nnd quality , will give universal satisfaction . Goods in any quantity sent free to all parts of London and tho suburbs ; and persons in the country , by remitting a Post-office order , Will find their instructions faithfully attended to .
Ad00418
GREAT BRITAIN MUTUAL LIFE ASSURANCE SOCIETY , 14 , Waterloo-place , London * . _DiancTor . s . The _Cliisholm , Chairman . William Morley , Esq ., Deputy Chairman , Henry S . Barber , Esq . James John Kinlocb , Esq . . _loliu _' BrisUtmau , Esq . Henry Lawson , Esq . Francis _Brodigan , Esq . Henry Penny , Esq . James Wm . Beacon , Esq . Robert Power , Esq ., M . D . Alexander R . Irvine , Esq . Thc Itev . F . W . Johnson John Inglis Jerdein , Esq . Viekery , A . M . ACMTOlis . C . B . Rule , Esq . T . C . Simmons , Esq . G . Thomas , Esq .
Ad00409
, .. ' ; _.,. iWriGE TO EMIGRANTS . THE ' _-tfBdersicned continue to engage -Passengers for _Jfirst-Class _Fast-SaSing AMKKICAN PACKET gglps . which average from 1000 to 1500 Tons , for the i ' ol' nwiiu _. " _i _' orts _, viz .: — W yOKK , BOSTON , PHILADELPHIA , NEW OHLEA 2 _JS , BALTIMORE , BHITISII AMERICA , & c . Emigrants in the country ca _ - engage passage by letter addressed as underneath ; in wh . _ch case they need not be in Liverpool uutil the day -before the Ship is to 6 llil ; Mid thev n'll thereby avoid detention and other expenses , betides « _enriii 0 a cheaper pottage , and having the best berths allotted to them previous to their arrival . For ' uithcr particulars app ly , post-paid , to 1 JAMBS _BfiCKETT , fc SON . _Ntwtli End Prinee _' s Dock , Liverpool ,
Ad00410
TO ALL WHO CAN'T PAY ! IMMEDIATE Protection , and a prompt and safe final discharge , without the intervention uf a Prison or an Attorney . A discharge to Debtors is _nowiinjierativc _, because Imprisonment fin-Debt is now penal , not remedial . —Debtors of all grades will be benefitted by applying forthwith to John S . Ucnstead , 22 , Basinghall-street , near the Court of Bankruptcy , London .
Ad00412
COLOSSEUM . PATRONISED and visited by her Most Gracious MAJESTY and his Royal Highness Prince ALBERT . OPEN DAILY from Ten till Six . Pronounced by the Press , « nd confirmed by every visitor to be tlie most perfect triumph of Art in its various _oranches , both by Day aud Ni _^ ht , that has ever been achieved . Equal to six exhibitions . The Glyptotheca , containing works of the first artists ; iiont lilanc and Mountain Torrents , Superb Conservatories , Gothic Aviuiy . Classic Ruins and Fountains , Panorama of London * re-paintcd by Mr . _Piirris , A _* c . Admittance , 8 b , Children , half-price . The Stalactite Caverns , the most magnificent of all tlie temples which nature has built for herself in the regions of night , ls . extra .
Ad00416
MINERS' ALMANACK , FOR 1 S 1 Q . ' By Mr . William _Diniehs . In the Press , and shortly will be published , THE MINERS' ALMANACK , for 1 S _1 G , containing Twenty-Four Pages , over and above tlie Advertisement Covers ,
Ad00417
JUST PUBLISHED , In one volume , foolscap 8 vO ., licilt clotli , price 7 fi . Cd ., THE PURGATORY OF SUICIDES : A Prison Rhyme ' . in Ten Books * . BY THOMAS COOPER , TIIE CHARTIST . J , _llo-ff , Publisher , 132 , _Flcet-struet . _£ _- _£ _= Orders from the Country to bc sent through the Booksellers . MR . COOPER'S . NEW WOKK . To be Published early in November , _Iti 2 vols ., 12 mo ., Price Fourteen _Sliillings ,
Hie Inokthekin Stak Saturday, October 18, 1845.
HIE iNOKTHEKiN STAK SATURDAY , OCTOBER 18 , 1845 .
Tiie Present Gambling Mania. Its Paralle...
TIIE PRESENT GAMBLING MANIA . ITS PARALLEL IN THE TULIPOMANIA OF 160-1 . WnEX first the iVowftern- Star drew attention lo the rising mania for " gambling" in . Railway shares , and predicted tho direst consequences both to considerable numbers of the parties directly engaged iu it , and to the nation at large from the derangement in the money-market sure to follow on such transactions it was set down by many as " a foolish croaker " who was sounding alarm without cause . But a very few months have passed over since then ; and now yeu cannot cast the eye in any _direction , that you do
not s e e al a rmin g evi d ence of th e truth a nd for e si g h t of the Star s warnings and observations . Where is there now a " best possible public instructor" to be _fcuud tliat is not preparing the public for that derangin _* 're-action which wc pointed out asa certain consequence of the measures then initiated , even while there was yet time to have prevented them , had there been courage enough in the administration to < _rapp le with the incipient difficulty and nip it in the bud . But now ; now that the mania has been allowed its full growth ; now that it has attained its full strength , and is somewhat on the wane ; now
that it has spread its contaminating influence throughout all society ; now that it has sucked in hundreds of parties , who at the time we spoke , looked upon the gambling practice with horror ; now that it has made certain of all the mischief it can effect , the everready and wholly-honest press of Esgland is generally sounding the note of alarm , and warning the " reckless speculators" of the tremendous consequences that await them . For speaking in time , when these evil consequences might have been prevented or guarded against , the Northern Star was
dubbed a " croaker : " lor speaking now , when the mischief is done—when the warning can be of no 6 ort of possible earthly use ; for speaking now when all power of prevention is gone , and when even thc posibility of guarding against the awful consequences of the gambling infatuation has departed ; for speaking noio , under such consequences , the press of England is acquiring a character for , " wisdom , " for " foresight , " and for " truthfulness" enough to make it , like our whole blessed order of things , — " the envy of surrounding nations and fhe admiration ' oi the world . "
For the last few weeks we have _fceea _somewhat silent spectators _* f the gambling traosactio _ . _"v » _. _paving repeatedl y _ujtei _^ . the warning ; faaVing ye-
Tiie Present Gambling Mania. Its Paralle...
_ipentedly traceu the operation of the mania up to its cKmax , and shewn the tremendous _eonscquences sure to follow ; having put our numerous cautions on record , we left the matter without further public notice , to watch the dovelopcmeut of that which we had done our best to crush in the shell * , but which thc " oiiEAT statesman" now iu power dared not to tackle , for fear of upsetting the whole of our " stock - based system . That devclopcitient wc have now seen : and we arc constrained to confess that lively as the d anger appeared in prospective to us ; allengulphing as ihe mania threatened to be , t h e re al ity
has far exceeded the most gloomy picture ot its extent that the mind was _^ then able to form . At the present moment we have schemes afloat—companies formed—sharestalien , and " selling" at a premium , for projects which require for their realization upward _.-, of £ 700 , 000 , 000 of money ! There has been " subscribed" by the reckless speculators and gamblers a sum of money to provide facilities for transit , equal to the Natioxal Debt ot England , which it is notorious there is not money enough in the whole world to liquidate ! Of course thc reader will fully understand the meaning of the term "
subscribe , " as applied to Railway and other gambling projects . It does not mean that the money has been paid— but only ' . PROMISED : and he will hardly need to he reminded that in these _things there is a vast difference hetiveen " promise" and performance . The Bank of England " promises" to pay all its notes " on demand * , " while it is notorious that it could not , even now when it has such ft stock of bullion in its collars , meet one half of its engagements were it called on . To expect that the " subscribers" of thc £ 700 , 000 , 000 for Railway purposes at home and abroad , could realize in practice half of what they
have promised , or even one seventh of it , is to be very innocent of political and economic . il _knowiedgeindeed-Why , if thc infatuated dreamings of the least sanguine speculator could he realized , the National Debt would be a flea-bite merely , which wc should besiliy to care for . If there was anything like £ 700 , 000 , 000 of unemployed capital in the country , ready to bc " subscribed" in less than two or even five years for the formation of Railways , tm could pay off tub _Dr . nr , without difficulty or derangement to any one "interest , " in less than ten years . And yet , is it not as notorious as that thc sun shines at mid-dav ,
that to pay the interest of this said D _ . ni only , has _plunged thc nation into dangers and difficulties unheard of before in the history of states ? Is it not notorious that the exaction of £ 00 , 000 , 000 annually for the interest of the Dim , and for the Establishments which that Debt renders necessary , has humbled us , as a people , before the world ; has tied our hands on our backs , and forced us to tamely put up with insults and wrong from all the " strong" powers of the earth ? There is France in Algeria , bombarding Mogadore—making war on thc _Eyrr-non of Morocco —engaged in a series of conquests which will
materiall y interfere with our " _iiilei-ests . < " and yet wc dare not say " muff , " hut arc compelled to look inactively on the " war of extermination , " "free " only to indulge in the forlorn hope that the barbarous hordes led on by _Abd-kl-Kadku will be powerful enough to drive tbe " conquering hosts" of France into the sea . There is Tkxas—annexed to our most powerful RIVAL , —the United States : and this , too , in spite of the threats and bluster of Mexico , OUR " illy" whom we are bound by treaty to aid ; and in spite , too , ofthe threats in
England , when annexation was first proposed , that the Yankics should " not be _jjermiited to accom plish their object , " But there Texas is , —ANNEXED ! The Oregon territory is already occupied ! The Caiformns are set on , and the preliminary preparations engaged in for another annexation ! Mexico itself is in imminent danger of passing into the bauds ofthe " Great Republic ; " and here wc are , tied up —bound _banu-antl-fout together with iuk di'iit , and I ' _iiC'ip'lWc of doing more tiian utter quiet despairing grumblings , against the acts which tarnish our " national glory" and _rcdueo thc national power .
tSIloukl WC remain thug jaassiue , had wo so many hundreds of millions of unemployed capital in ( he land , as our Railway promoters have " subscribed ?" Should wo let tub debt crush us into the earthhumble cur pride—make our bull-1 ' _rogediici-s lick the very du . _ t , had wc the means at coiuimmd that these " men of metal" have made themselves " _mjionsib ! e" (!) for ? Should wc present the humiliating syectacie of a nation iu " periodical" vuiu ; with manufactures prostrate ; with traders in tlie Gazette ; with _workpeople starving ; with every tenth man apauper ; with j . aols abounding ; with crime
increasing six times over in fifty years , while the population has not doub . ed : should we present 'Ms _spectacle before the world , as a consequence of oun debt , had wc the millions amongst us that the Railway in ; ulfoiks have put down on paper ? Jf there had been half of the means in the country these folks _luiye PLEDGED themselves to produce , would Sir 11 on birr i ' jiEL have proclaimed in thc face of day that the limits of taxing the producer ( fuom _whoji . all w _ . Ai .- rii _svuiNGs ) bad been passed ; and that it was now impossible to wring the £ 00 , 000 , 0 » 0 a-year out of him ; and that therefore
those who had " _accumulated" wealth must give up a portion to enable them to retain the rest ? But why pursue tho inquiry further ? The PLEDGES that have been made are but tiie acts of madmen , madly engaged in : pledges which it is utterl y impossible to redeem eveu to a , seventh degree : and pledges of which the non-fulfilment , as well as the fulfilment , ( were that possible ) . is . equally sure to bring ruin upon hundreds of thousands , and paralyse ail the productive energies of the country . Thc nation will have dearly to pay for the reckless pranks of those whom the law ought to have restrained .
This has ever been the case—thc result—from all former national manifestations of the gambling propensity . The present is tar from being lhe lirst occasion of the sort ; and oue governor * have therefore no excuse for not having nipped it in the bud , other than that the whole _superstructure of State k built on a gambling foundation ; and that to interfere would be to endanger the entire social fabric . If there had been no experience lo appeal to , as to TIIE EFFECTS wliich national gambling are certain to pruduce , the inaction of Sir Roman Fuel would have been more defensible than it is : but with the
" light of other days" before his eics : with history in his hands ; with Ms own . experience to appeal to , lus conduct , in relation to the present rage for gambling , charged as he is with the destinies of this industrious and endeavouring people , is really ckiminal , and affords of no defence other than that above _s . e forth . Had he not thc experience of 1 S 35 and of 1 S 25 to guide him ? Was he not au actor on the political stage at both periods ? Ceuid he have foigotten the . awful consequences on both these occasions , from the gambling manias then set in ? Was it possible for the years of gloomy depression , with their SWING FIRES—their riots —their cmutes—their insolvencies—their " ruination "—their " calling on God to put an end to
unendurable sufferings before morning : " was it possible fur Sir Rwbeut Peel to have forgotten all these things ? Had he not the history of the South Sea bubble within his reach ? Could he have lacked information , as to what has been the consequence of former " manias" to obtain fortunes without productive industry , had he taken trouble to seek for it ? And with sueh information in his hands , was he not a pusillanimous minister not to try to save his country from the dire inflictions certain to be entailed , if the incipient mania were allowed to develope _i'self ? The plea that he dare not do so , for fear of " upseiting the whole apple-cart" of Government , 1 b a splendid testimony as to its stability , and of the righteous foundation on which it is grounded !
The " full infliction , " however , we are doomed to bear . Full pky has been accorded to the gambling bubble speculations of the day ; and the full tale of " consequences" wc must endure . What those will really be , —how heavy * . _r . d how devastating , —time alone can reveal . But t ome idea may be formed from looking back at -wh ' ai has been the result from similar causeg Jess extensively applied .
Tiie Present Gambling Mania. Its Paralle...
Iho mama for gamblinq seems to have ; 0 (| _f dcvclopcments in different portions of the civilised " world . In England we have had a prett y full _$ lti of it , at the times and occasions enumerated Rbo n . '" and also in our _lott-jries , which wero eventually suppressed by law out of a pretended regard to tl national character of our people . America also lia had her share _ and her share of CONSEQUENCES too , both in depreciation of property , and in (! 0 , . _ ciatiou of national character . REPUDIATION' '
t 7 . cnatu .-al offspring of gaming . To talk of " lloilOUii " in relation ton gamester , is to confound truth with falsehood . Light is not more _opposed to darkness than is all gaming to honour nnd rectitude . Tlio very foundation of gaming is rotten- — i > is .. oxj ; _- > Gaming is the chance of obtaining , or losing that for which no equivalent is or can lie given . This is h its very nature nefarious—dishonest . So universally is . tkis known and felt to be the case , even bv flip most infatuated of gamblers , Mai they will not pan with their losings , ' if all chance of gaining th ia , y again has passed away ! Let the game ho but rim out—and all chance of winning gone ; and your vc riest gambler will REPUDIATE ! And why bilouid " he not ? The very principle that justifies his acceptance of the " birthright of his brother , " without eve _,.
giving " a mess of pottage in exchange , will justifv his refusal to he stripped of all he possesses , wi thout any equivalent from the stri pper . Nay , in rchitioi * to "honour , " and "honesty , " and " moralit y , the refusal is by far move honourable than the _acqufo . cence . It is true that sueh a course is a direct in . fringement of the " laws of gaining - , " and proVlS tj ( _' ~ man a scoundrel who resorts to it , after he has sub
scribed to these laws—and , by his acceptance 0 f " winnings , " pledged himself lo abide b y them ; but of this the oamesteii is not entitled to complain Before a man can engage in gaming transactions ; tl all , he must bc scoundrelised in nature : and if a scout-. drelactsas a scoundrel is expected to act , . ind ... his nature prompts him , it is not for othev stftJ _,. drels to taunt him and reprove—but it is for honest men to try to mend the whole batch .
Perhaps the most interesting as well as tho _nio _* . t instkucuvk lesson as to the course national gam . ing , and its demoralising consequences , is given bv Beckmaxn , in his history ofthe _Ttdipomania of tlie seventeenth century . Many people ¦ of the present day are not aware that the mania for gambling fixed itself at that period on the harmless Tuli p , vjt | _, equally as great avidity as it has now faed . ( self on-Railway schemes , or as it did in the ucginmV ofthe eighteenth century on the South Sea bubble ! i . « t . such is the fact : and in the history o f that period we may trace our present- course—and antici pate some of the consequences sure to flow out of thc present enormous _rfeveloponient of the evil
" Thc Tulqy , " says _Bbckmax . v , which is of no farther use than to ornament gardens ; which is exceeded in beauty b y many other plants , and _TVllGSO duration is _s-liorfc and very precarious , became , in the middle of thc seventeenth century , the object ofa trade such as is not to be met with in the history of commerce and by which its jirice rose above that of the most precious metals . This trade was not curried on throughout all Europe , but in some cities of the Netherlands , particularly Amsterdam , Haarlem , Utrecht , Alkmar , Lcydcn , Rotterdam , Enkhuysen , and Meodcnbliek ; and rose to thc greatest hei ght h : the years 1031-5-6 and 7 . For a root of the species called * ' viceroy , " the after-mentioned , articles , valued as below expressed , were agreed to he
delivered : — Florins " Two lasts of wheat ... 4-1 * 3 " Four do . rye _g-ig " Four fat oxen „ , 4 _§ o " Eight fat swine , ' > _l ( l " Tlelve fat sheep ... _ym " Two hogsheads of wine ... 7 * . " Four tons of beer .., _,,, .. . 32 "Two do . bnttnr ... ... 7 < W " Two do . Dutter _Jij-J
" One thousand lbs . of cheese ] 2 li " A complete bed ... ] ijfi " A suit of clothes ... ... So " A silver beaker , , „ ... ill ) " Total forone Tulip ... 2 , 500 !" " Tulips were afterwards sold according to the weight of the roots . Four hundred perils—( a . weight less than a grain)—of the tuli p 'Admiral _liefi-cn , ' cost 4 ,-100 florins . The species Semper Augustus , often sold for 2000 florins ; and it once happened that there were only two roots of it to be had , the oue at .
Amsterdam , the other at Haarlem . For a root of this species one agreed to give 4 , 600 florins , together with a new carnage , two grey horses , and a complete harness . Another agreed to giv « twelve acres of land for a root . Those who had not read y money , promised their moveable and immoveable goods , house and lands , cattle and clothes . Thc trade , is WHICH 00 , 000 FLORINS WKnK SOMETIMES CLKAUKD IN one month ,-was jotfowed not only by mercantile people _, but aLo by the first noblemen , citizens of event detail ) -
two , mechanics , seamen , farmers , turf-diggers , chimneysweeps , footmen , maid-servants , and old clothes women . AT FIRST EVERY ONE "WON , AND NO ONE LOST . Some of the _fioorest people gained in a few months houses , coaches and horses , and figured away like the first characters in the land . In every town some tavern was selected , which served as . 1 'Change , where high and low traded in flowers , and confirmed their bargains with the most sumptuous entertainments . They formed laivs for themselves , and had notaries and clerks . "
The object of these speculations , however , had nothing to do with the desire to possess or cultivate lhe plant ; it was a . mere gaming tor . money , and totally unconnected with the feelings which prompted the first purchasers . It was a theme which drove tlic grave , the prudent , the popderous ' Dutchman i \ S _V'ikl as ever did the South Sea bubble his more excitable and less calculating brother , John Bull . " A speculator , " continues our authority , " often offered and paid large sums for a root wliich he never received , and never wished to receive . Another sold roofs
which he never possessed or delivered . Oft did a nobleman purchase of a chimneysweep tulips to the amount of 2 , 000 jlorins , and sold them at thc same thm to a fur , ner ; and neither the nobleman , chimney-sweep , nor farmer , had roots in their possession , or wished to _jMsscss them . Before the tulip season was over , more roots were sold and purchased , bespoke and promised to be delivered , than in all probability were to be found in the gardens of Holland ; and when ' _te'i " ' _' _iiyustus' was not to be had , whieh happened twice , no species was oftcner purchased and sold . 1 " space of three years , more than 10 , 000 , 000 florins were expended in this trade in onlv one town in Holland . "
To understand , this gambling traffic it ma ; be necessary to give the following illustration . A nobleman bespoke of a merchant a tulip-root , toh » delivered in six months , at the price of 1 , 000 Horn's-Suppose that at the end of that time , thc price ha * risen to 1 , 500 florins ; in that case the nobleman did not wish to have the tulip—but the merchant- paid him 500 . florins . If the price was fallen , so that a root could be purchased for S 00 florins , the nobleman paid to the merchant 200 florins . In all these circumstance , however , no one ever thoug ht of deliver ing the roots [ or of receiving them . In proportion as more gained by this traffic , morb engaged i _> " * *
those who had money to pay to one soon had money to receive of another ; as at faro—one loses on one card , and wins on another . The whole trade was a game a * hazard , as the Mississippi trade was afterwards , am as stock-jobbing is at present . High and low-priced tulips were procured , that the rich and poor might gamble with them . Whoever is surprised that such a traffic should become general needs only to reflectupon what is done where lotteries are established , by which trades art often neglected and even abandon * , because a speedier move of getting fortunes is pomtet out . In short the tulip-trade may very well serve to explain stock-jobbing .
At length , however , THIS TRADE FELL OF A SUDDEN . Among such a number of contracts , mas * were broken . MANY HAD ENGAGED TO PAY MORE TIIAN THEY WERE ABLE . The whole stock of tiie adventurers was consumed
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Citation
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Northern Star (1837-1852), Oct. 18, 1845, page 4, in the Nineteenth-Century Serials Edition (2008; 2018) ncse.ac.uk/periodicals/ns/issues/ns3_18101845/page/4/
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