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THE

SOUTHERN QUARTERLY

REVIEW

VOL. XXX
Nov. 1856

COLUMBIA, S. C.:
EDWARD H. BRITTON & CO., PUBLISHERS.

LONDON:

TRÜBNER & co., PATERNOSTER ROW. NEW YORK : WILLY & HALSTED, 351 BROADWAY... PHILADELPHIA : J. M. WILSON, S. W. COR. NINTH & ARCH....BALTIMORE: HENRY TAYLOR, SUN BUILDINGS. RICHMOND: J. W. RANDOLPH. ...WILMINGTON, N. C.: S. W. WHITAKER. CHARLESTON: AUG. E. COHEN.... SAVANNAH : W. T. WILLIAMS. MOBILE: M. BOULLEMET....NEW ORLEANS: J. B. STEEL,

60 CAMP ST...WASHINGTON, D. C. : FRANCK TAYLOR.

1856.

JOHNSON REPRINT CORPORATION
111 Fifth Avenue, New York, N.Y. 10003

JOHNSON REPRINT COMPANY LIMITED

Berkeley Square House, London, W. 1

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First reprinting, 1967, Johnson Reprint Corporation

Printed in the United States of America

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COLUMBIA, S. C.:
EDWARD H. BRITTON & CO., PUBLISHERS.

LONDON:

TRÜBNER & co., PATERNOSTER ROW. NEW YORK: WILEY & HALSTED, 351 BROADWAY... PHILADELPHIA : J. M. WILSON, S. W. COR. NINTH & ARCH....BALTIMORE: HENRY TAYLOR, SUN BUILDINGS. RICHMOND: J. W. RANDOLPH. WILMINGTON, N. C.: S. W. WHITAKER. CHARLESTON: AUG. E. COHEN.... SAVANNAH: W. T. WILLIAMS. MOBILE: M. BOULLEMET....NEW ORLEANS: J. B. STEEL,

60 CAMP ST...WASHINGTON, D. C. : FRANCK TAYLOR.

1856.

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Manuel du Spéculateur à la Bourse contenant : 1°. Une intro

duction sur la nature de la spéculation : son rôle dans la production de la Richesse, ses abus, son importance dans Economie des sociétés, et son influence sur la destinée des Etats. 2o. Un abrégé des lois et ordonnances qui regissent la Bourse, l'exposé critique et pratique des opérations, les différentes sortes de marchés, et les combinaisons auxquelles elles donnent lieu. 3°. Une notice sur chaque espèce de valeur côtée au parquet, rentes, obligations, Banque de France, crédit foncier et mobilier, chemins de fer, canaux, assurances, &c. Deuxième édition. Revue, corrigée, et augmentée. Paris. Garnier Fréres, Libraires-Editeurs. 6 Rue des Saints-Pères, 215 Palais Royal. 1 vol. 12mo.

SPECULATION! It is a fertile and suggestive subject, calculated to attract at once the interest and attention of all. Our lot has been cast in those stirring times when speculation has become almost synonymous with business; when the whole duty of active life seems to be concentrated on the contrivance, realization, and reduplication of rapid profits; when the acquisition of large gains has become to every man almost a necessity, and the sole profession of nearly all, however varied the modes of its accomplishment may be; and when ingenuity, dexterity, and skilful combination, have superseded or outstripped industry in the great transactions of commerce. Speculation! It is the key-note of modern society;

open sesame of the chief mysteries of modern trade. It is at once the instrument and the explanation of that feverish avidity for sudden fortune which now rules the world, and of that deepening degradation of the multitude which throws such a sombre hue over the portrait of our present civilization. It is speculation, in its endless diversities, which simultaneously augments the capital of the rich, the acute, the prosperous, and depresses the condition of

VOL. 2....NO. 1.

the

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