Rensselaer Union, Volume 10, Number 48, Rensselaer, Jasper County, 15 August 1878 — Daring Speculators. [ARTICLE]

Daring Speculators.

The fascination of the Stock is constantly leading men to abandon regular business in, order to improve the rapid way of getting rich. This class cannot be made to understand that whatever is cleared in Wall street is at the equal loss of another. That there is a retribution of very oortain character following in the track of Wall street stock jobbers is a permanent feature in the history of tho street. This is shown by the fact that the very sharpest men eventually prove tho worst bitten. The most brilliant gains, indeed, turn to loss in the moment when hope is looking for its fruition. Perhaps the saddest of all uistories of which New York is capable might be included in the narrow precinct of tho Stock Exchange... Among the more recent names on the list of “ lame ducks” is that of H. J. Fowler, who has been one of the most active operators of the present day. For six years he had been alternating amid tremendous “fluctuations. At one time he had a long run of success, and was close on to the dignity of a millionaire. Then luck took a change, and he began to lose. He could not stop, however, for this is hardly possible. The infatuation of the speculator forbids it as long as a dollar is left. Fowler was the slave of that habit which lie flad created, and the bondage never ceased until his whole capital was gone. . Probably if he had enough to try another chance, he would again be found in. the speculating crowd. Another instance is found in Alden B. Stoekwell, >vho, for a time, made a powerful sensation in Wall street. He operated boldly in Pacific Mail and other fancies, and was at the same time a principal agent in the sale of sewing-machine stock, life pursued the usual career of a Wall

street speqiilator until every dollar he could raise was lost, and recently his asse.’s have been sold at auction for the benefit of his credits. The list illustrates the usual style- Twenty thousand shares pf fancy stock of various names and schemes bold in different lots for an aggregate of SB2, which, small as it may seem, is more than they are worth.— N. Y. Cor. Cincinnati Gazette. »