The Evening Star. SATURDAY, JULY 8, 1871

Auckland Star, Volume II, Issue 466, 8 July 1871, Page 2

The Evening Star.

SATURDAY, JULY 8, 1871

" For the cause tli.iL licks assistance!. For the wroru; that needs resistance, For the futu .-.• in tho distance, Anrl tl. ■ iood that wo can do."

"We , ol)sovve that our contemporary thsjEceuitiff jv?<p.y, in to-day's morning edition, has attempted to trim his sails with reference to the share market. .Having nided in bringing ruin on a nmlfcitudo of poor investers, lie has {he astounding audacity to take credit for virxuous conduct, and lavs claim to liavina done what has been done from nujtiv^fj of public good. Those motives are known to everyone. Had jvc any grounds for supposing that jany .loose cash had. bee^L hanging' about the office of our contetptiorary waiting for investment, wc;s^quld certainly have believed that t'io" malicious effort to drive people to despair with reference to Caledonian and Thames shares was made in order to enable Borne circle, to pick up cheap iots. (But the greatest enemy of the Cave qf Adullam will hold that clique guiltless of such motives; and there are .none who give the matter a thought but will attribute the 'base conduct to ' rinotives far less respectable thatr javariee.^ | f Th.ere cannot, be a doubt ; t&'afe *■' ■•• our »■> h contemporary's conduct was actuated by the purest .malevolence towards . one or two, whom,: on account of their being large holders in Caledonian and Thames stock, it appeared to our contemporary in his ignorance and narrow-minded* ness, that it was possible to' injure. "No one is injured," says our contemporary. Certainly no one that he intended to injure; but it is nothing to him that in his | effort to spite those against whom he has manifested,&ueh implacable hqs-/ tility, he, has/recklessly/ brought iuifn* upon a number of -harmless men and families against whom he can scarcely be supposed to have evil feelings, except on principles purely fiendish. It is the poor and the timid,—those who had staked all their little savings in a Thames share or two, and who, driven to despair, wished to save somo little from the ruin. It is these that have been injured, and it . ia. - op : , theseonly i that' the ruin Bas"'fallen' .which our contemporary desired to down on the objects of his envy and implacable animosity. These are they who should look to the Morning and Evening i-leion as the cause of that senseless panic which has left them without their shares in a rising market." Our contemporary says, " "We are aware that tlfis course has given ' great offence in certain quarters, which might have looked to an inflation of the share market as a means of acquiring large profits, whoever might chance to lose.". Could, any defence be lamer. Those to whom our contemporary evidently refers •—namely, his enemies, the wealthy people—reap their .harvest in. a ■panicstricken market oftener by far than in

an inflated one. Our contemporaj^1 says lie has put "the unwary on tl^r guard'■;" and so lie lias. And wewLo not doubt that the unfortunates hiife learned,a; lesson as to the folly $F being > carried away by a panic, ailcl of accepting as honest advice th'©'statements of an ill-disposed" little" print that,.reckless..of. consequences, musb have its cup brimful; of roveiige.