Democratic Sentinel, Volume 1, Number 19, Rensselaer, Jasper County, 22 June 1877 — The Expense of Stock Gambling. [ARTICLE]

The Expense of Stock Gambling.

The press of San Francisco has just published a statement in detail that will do effective service in suppressing the spirit of stock gambling. Taking twen-ty-six principal silver companies on the Comstock lode as a fair example, the books of the Stock Exchange show that on Jan. 1, 1875, their stocks were selling at the rate of $271,000,000 for the whole. On May 13,1877, these same stocks were selling at the aggregate rate of $34,000,000 for the whole, which shows a loss of 87} per cent., or $237,000,000 in two years and four and a half months, in a population of 600,000 persons for the whole State of California. This is equal to a tax of S4OO a head for every man, woman and child in the State ! Yet still stocks continue falling. Send us, from every town and county in America, poems—sad, sweet, dreamy poems on “Summer.” Write only on one side of the paper, please. We want the other side of the sheet to write editorials on.