NO. 31.

A Bubble Burs..-.Grcat rai,urc.
{"character_count": 1978, "word_count": 348, "ccnet_language_score": [0.982699990272522], "ccnet_perplexity": [942.2999877929688], "fasttext_language": ["en"]}
Some four or i've years ago a compa- ny was formed in New York to raise money 10 get possession of tho treasure sunk near that city, in Kidd's piraticaI vessel. Stock 10 the amount of S3OO,- 900 was issued. A good many people embarked their little all' in it. and have been ever since waiting patiently 10 reap fortunes from their investments. The whole of this rascaly affair has just been prematurely exploded by one of the stockholders filing bill in chancery against his copaftners Tn the concern.- The consequence will be the develop- ment of rascali.ies that would make even Kidd himself blush. The process by which the shares in this piralcal con- cern were disposed of is as follows.-- They are described in a letter 10 the Baltimore Republican:

 sWhen people applied for stocks, they were shown by the banker and receiver, an old gun, which they said was recov> cred from the wreck, also various coins of god and silver, said 10 have been bored by the workmen, auger, &c.- These relics induced many 10 purchase stock. The afIidavils and statements show that ihe gun was sunk Me dav 6es fore it was raised with great ceremony; and also, that the coins were gilded and manufactured for the purpose of deceiv- lug. The acger even was rusted and broken to have the appearances of hav- ing performed the identical feat set forth by the company. Altogether a more plausible, yet shameless fraud, has new CT been pracIised on the American peo- ple.'

 It is said that full exposure of this shallow fraud will duplicate men in New York of the highest standing- some of them worth their hundreds of thousands of dollars. The ,xpedients which have been used to keep the fraud alive, says another letter from N. York, will cause marvel at the ylllainy and duplicity, the cupidity and gullibility of he world. Large quantities of the shares have been sold in London and Liverpool, and amongst the recent arri> vals al New York from England are several of the dupes- Mobile Herald.