There will be found state...
There will be found stated in another part of our paper, an account of a really prodigious rise in the value of the shares of tljf company established for ,orking the Mexican Atin,es-4-' iise of from seventp3aunds, the money hitlerao paid, to upwards of seven hundred pounds, a sliare. Itis diffieult to know how to address enthusiasm of any-ildd; and there may be at avaricious as well as a religious enthusiasni; yet extravagant hopes are sure to end in disappoint;.aent. There does not appear to us to be any otler fraud practised in this. affair than that which the sipeculators prsctise on themselves., or each other: for, a report having sprang up that rnounds of goldeni ore had beem discovered on the smrface of -the earth, in some part -or otiier of Mexico, that report was offlcially and very properly colrntadict&l by Mr. TAYLOR, the ScrPetary to the Sa3ciety. "Should you some coast be laid on, Where gold andl diamondB grow z-&c., &c*" says G&vkY in hiis opera. But a tile pity of it is," tilat if gold and diamondsgrew in vast abunidance, tho possessors of them would not be rich. And with respect to tbis speeu. lation of working the Mexican Mines, inasmuch as it is a speculationi which lias industry for its basis, it has our ape probation--we lope it will sueceed1: but should the pre- cibils metals be founi(d readlily and in great qiantities, those very circumsaianceswould so diminisl) their value inEurope, that the speculators must still be content with mode- rate gains. Ile entreat our coutitrymicn, therefore, to pause a little, and not to become the (lupes of their own) imaginia- tiouis. This sevent-hundred-pound rise will, we have no dloubt, ore long,havc a proportionate fall; and then,perhaps, an enterprise reallv advantageous mray suffer untlily, from its provhig ina(lequate to satisfy-not the reasonable liopes, btu-tile absurd fancies of those embarked in it. Wl"hen we speak of the possibility of this enterprise prov- ing advantageous, we mean only to the speculators thein- selves; for with respect to Europe at large, the on]ly effict of anl increasetl circulating mediumn, whetiler by the adl(li- tion of gold or paper, would be, that all wotuld lie oblige(I to give a great proportion of that niediiti for the articles purchased-that is, the price of saleab!e conmmodities woutltt be iioiuinialty raised.