480 



THE aHOtJNBSWELL. 



or Smith, or the three combined, control a road costing a 

 given sum, and can, by adroit manipulation, declare divi 

 dends on twice or thrice that sum, they issue stock under 

 one pretense or another to that amount. Then the stock is 

 made to pay no dividends, with the object of forcing the 



,g 



The Water Sprite Farmer s Daughter. 



stock as low as possible ; or, in other words, they &quot; bear &quot; 

 the market in order, to get control of more stock. This ac 

 complished, up goes the stock again, dividends are again de 

 clared, even if the money has to be borrowed to pay them with. 

 The stock is again watered; and so the process goes on, 



