The ruin worked by this war on 'Change has been
terrible, but not, perhaps, unhealthy. It seems that a mania for speculation had set in ; quiet people all over England were buying and selling time-bargains, and when the crash came could not meet their engagements. Thirty-six brokers and dealers have failed, there is a rumour of a terrible failure on Friday evening, and the worst will not be known till Thursday, the 4th prox., when the Consol account will be cleared off. That once over, values ought to recover ; but what with the war, and the rise in the rate of dis- count to five per cent., and the explosion within the " House," brokers will be more careful, and the public, we hope, a little more moral. Betting without means to pay if you lose is swind- ling, neither more nor less, whether the swindle is arranged on 'Change or at Tattersall's.
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