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who contract for the sale or transfer of stock at some future period, the latter part of the day, or the next settling day, at a price agreed on at the time. Such bargains are called time bargains, and are contrary to law; and this practice is gambling, in every sense of the word. The business of jobbing is carried on to an amazing extent, and is of this character:

ditional stock of different kinds is termed omnium. If these be disposed of separately, before all the instalments are paid, the different articles are called scrip, which is an abbreviation of subscription. The value of the stocks is perpetually fluctuating, the variations beir.g occasioned by unfounded as well as real causes. Any occurrence by which the security of the state is either hazarded or strength--A. agrees to sell B. £10,000 of bank ened, though one may be as imagi- stock, to be transferred in twenty days, nary as the other, has an immediate for £12,000. A., in fact, does not possess effect upon the price, which will ad- any such property; yet if the price of vance or fall as the news may be con- bank stock on the day appointed for the sidered good or otherwise. The gaining transfer should be only £118 per cent., of a victory, the signing of an armistice, he may then purchase as much as will and the conclusion of a peace, have each enable him to fulfil his bargain for £11,800; a direct influence on the rise of the and thus he would gain £200 by the transstocks; whilst, on the other hand, the action. Should the price of bank stock loss of a battle, the death of a sovereign, advance to 125 per cent., he will then the commencement and protraction of lose £500 by completing his agreement. war, are equally certain to lower the As neither A. nor B., however, may have funds; even the mere report of a mo- the means to purchase stock to the extent mentous event will frequently lead to a agreed on, the business is commonly arconsiderable alteration of price. The ranged by the payment of the differencequantity of stock in the market will also the profit or the loss-between the cureither depreciate or raise the value, as rent price of the stock on the day appointpurchasers may be more or less nu- ed and the price bargained for. In the merous. The manner of buying stock language of the alley, as it is called in is, to give a specific number of pounds London (all dealings in the stocks having for a nominal hundred pounds. Thus, if been formerly transacted in 'Change althe purchase be made in the three per ley), the buyer in these contracts is decents., and the current price be eighty nominated a bull, and the seller a bear. As pounds, that sum is paid for one hundred neither party can be compelled to compounds stock, which yields a dividend of plete these bargains (they being illegal), three pounds per annum. Persons con- their own sense of "honor," the disgrace, versant in these things will sometimes ob- and the loss of future credit, that attend tain a considerable advantage by trans- a breach of contract, are the sole princiferring stock from one branch of the ples on which this singular business is funds to another, the variations in the regulated. When a person refuses, or value of the different stocks not being has not the ability to pay his loss, he is always adjusted to their proper level. termed a lame duck; but this opprobrious Every possible degree of facility, consist- epithet is not bestowed on those whose ent with prudence, is given to the pur- failure is owing to insufficient means, chase and sale of stocks; yet the inter- provided they make the same surrender of vention of a stock broker is generally their property voluntarily, as the law thought requisite, as the identity of the would have compelled had the transacpersons making the transfer must be tion fallen within its cognizance. This vouched for, before the witnessing clerk illegal practice is nothing more than a will allow his signature to be made in the wager as to what will be the price of bank books. All transfers of stock are stocks at a fixed period; but the facility made on the appointed transfer days; and which it affords to extravagant and unno stock can be transferred twice on the principled speculation, and the mischief same day. The space between the shutting and ruin which have frequently followed and opening the books of any stock is usu- it, determined the legislature to lay a penally about six weeks. (See Stock-Jobbing.) alty of £500 on every person making such time bargains; and the like sum on all brokers, agents and scriveners employed in transacting or writing the said contracts. By the same statute also (7 Geo. II, ch. 8), a similar penalty is imposed upon all persons contracting for the

STOCK-FISH. (See Cod, vol. iii., p. 288.) STOCK-JOBBING. The practice to which the term stock-jobbing is more particularly applicable, is that which is carried on amongst persons who possess but little or no property in any of the funds, yet

sale of stock, of which they are not possess ed at the time of such bargain; and £100 on every broker or agent employed in procuring the said bargain. (See Stock Exchange.) STOCKBRIDGE; a post-town of Berkshire county, Massachusetts, on both sides of the Housatonic. The river runs nearly west through this town, and then turns to the south. The intervals are very rich, and well cultivated. There are some factories on the river. It is a very pleasant town, about 130 miles west of Boston, on the mail route from Springfield to Albany. Population in 1830, 1580. Here was the residence of the Stockbridge tribe of Indians, till they removed to New Stockbridge, near the Oneidas, in New York, in 1775. This town suffered severely from the attacks of the Indians in 1754-5.

STOCKHOLM; the capital of Sweden, and the handsomest city in the north of Europe, situated at the junction of the lake Mälar with an inlet of the Baltic; lon. 18° 4' E.; lat. 59° 21' N.; population in 1826, 79,526. Stockholm is generally described as standing on seven islands, but is chiefly built on three, of which the small one in the centre constituted the original city, and is still the most busy part of the town, and the residence of the principal merchants. The Norrmalm and Södermalm, the two principal suburbs, occupy several islands. The form of the city is an oblong, and its situation is extremely picturesque, as well from the mixture of land and water as from the unevenness of the ground on which it is built. The view from the higher grounds embraces edifices of all sorts, and vessels at anchor, or sailing across the channels, and is terminated by mountains, with a variety of romantic scenery. Constantinople is perhaps the only city of Europe which surpasses it in situation. There are thirteen stone bridges, and several of wood. The houses in the central part are of stone or brick, covered with plaster, of four or five stories, with their foundations on piles, but in the suburbs of only one or two stories, and partly of wood. Among the public buildings are the royal palace, the palace or house for the nobility of the diet, arsenal, bank, royal stables, warehouse for iron, hospitals, and twenty-four churches, eighteen of which are Lutheran. The royal palace is a large quadrangular edifice, the lower part of the walls of polished granite, the upper part of brick, covered with stucco, and is accounted second to no palace in Europe,

except that at Versailles. The literary associations are numerous and respectable; the principal are the academy of sciences, founded in 1739, having a museum, library, an observatory, and 160 members; the Swedish academy, founded in 1786, for improving the Swedish language, having eighteen members; the academy of fine arts, history and antiquities; the military academy, academy for painting and sculpture, and for music, and the medical college. The royal library contains about 50,000 volumes, and there are several important private collections. Stockholm is the mercantile emporium of the eastern part of Sweden. The harbor is of great depth, and so capacious that 1000 vessels may lie here in safety; and the largest come close up to the quays. The number of vessels that enter annually is, on an average, about 1000. The chief exports are iron and steel, also copper, pitch, tar, and timber; imports, colonial produce, wine, fruit, salt, and British manufactures. The manufactures are various, but not on a large scale. (See Sweden.)

STOCKINGS are made of only one thread, entwined so as to form a species of tissue, extremely elastic, and readily adapting itself to the part it is employed to cover. The tissue cannot be called cloth, for it has neither warp nor woof, but approaches it closely, and for the purposes to which it is applied, is much superior. It is well known that the ancient Romans had no particular covering for the legs (see Breeches); but during the middle ages, hose, or leggins, made of cloth, came into use; and, at a later period, the art of knitting stockings was invented. Very different accounts are given of the time and country of this important invention, some attributing it to the Scots, and others deriving it from Spain. Woven stockings are manufactured by the machine called stocking frame, which is exceedingly ingenious, but too complex to be described without plates. It was invented by William Lee, of Nottinghamshire (England), in 1589. He met with little encouragement in his attempts to set up an establishment in England, but was invited into France by Henry IV, and received with great favor. Henry's assassination soon after interrupted his prospects, and he died in Paris in great poverty. A knowledge of his machine was carried back to England by some of his workmen, who established themselves in Nottinghamshire, which has since continued to be the principal seat of the

manufacture. For near 200 years, few improvements were made on Lee's invention, and two men were usually employed on one frame; but it has recently been much improved, and adapted also to the manufacture of ribbed stockings. (See Beckmann's History of Inventions, iv, article Knitting Netts and Stockings.)

STOCKS; a wooden machine used to put the legs of offenders in, for the restraining of disorderly persons, or as a punishment for certain offences.

STOCKS, PUBLIC. (See Public Stocks.) STOCKTON, Richard, a signer of the Declaration of Independence, was born near Princeton, Oct. 1, 1730, of an ancient and respectable family. After graduating at the college of New Jersey, in 1748, he commenced the study of the law, and, being admitted to the bar in due time, soon attained great eminence as an advocate. In 1766, he crossed the Atlantic, and spent two years in making the tour of England, Scotland and Ireland. When in London, he was consulted on American affairs by various distinguished persons, including the marquis of Rockingham and the earl of Chatham, and at Edinburgh was complimented with a public dinner, by the authorities, and the freedom of the city. On his return to New Jersey, in 1768, he was appointed one of the royal judges of the province, and a member of the executive council. At the time when the revolutionary struggle commenced, his prospects from the royal favor were very bright; but he sided zealously with those of his countrymen who were determined on independence, and, June 21, 1776, was chosen, by the provincial congress of the colony, a delegate to the general congress then sitting at Philadelphia, where he discharged numerous, and often arduous, duties with unwearied energy and fidelity. At first, he is understood to have entertained some doubts as to the expediency of the declaration of independence at the time when it was made; but they were soon dissipated, and he spoke in its behalf. Nov. 30 of the same year, he was taken prisoner by a party of refugee royalists, who dragged him from his bed at night, and carried him to New York. In the way thither he was treated with great indignity, and in the city he was thrown into the common prison, where he was deprived of even the necessaries of life. When intelligence of his capture and sufferings reached congress, that body passed a resolution, directing general Washington to make immediate inquiry into the truth of the report, and, if he found reason

to believe it, to send a flag to general Howe, remonstrating against this departure from the humane procedure which had marked the conduct of the states to prisoners who had fallen into their hands, and to know of him whether he chose that this should be the future rule for treating prisoners. Mr. Stockton was at length released; but the shock given to his constitution by the hardships of his confinement was mortal. His health gradually declined, and, after languishing for several years, he died at Princeton, Feb. 28, 1781, in the fifty-first year of his age.

STODDARD, Solomon, pastor of the church of Northampton, was born at Boston, in 1643, and graduated at Harvard college in 1662, of which he was subsequently made a fellow. Intense application having impaired his health, he went to Barbadoes as chaplain to governor Serle, and preached to the dissenters in that island for nearly two years. On his return, he was invited to take charge of the church of Northampton, and was ordained Sept. 11, 1672. In this place he continued until his death, Feb. 11, 1729, in the eighty-sixth year of his age. Mr. Stoddard is considered one of the greatest divines of New England. His sermons were plain, but powerfully searching and argumentative. He was a man of learning, and particularly able in controversy. He waged a polemical contest with doctor Increase Mather respecting the Lord's supper, maintaining that the sacrament was a converting ordinance, and that all baptized persons, not scandalous in life, may lawfully approach the table, though they know themselves to be unconverted, or destitute of true religion; and most of the churches of Connecticut were induced by his arguments to coincide in his sentiinents. His diligence was so unremitting that he left a considerable number of sermons which he had never preached; and so fine was his hand-writing, that one hundred and fifty of his discourses are contained in a small duodecimo manuscript volume, which may easily be carried in the pocket. He published various sermons and treatises.

STOICHIOMETRY (from Grixtior, element, original matter). The article Affinity, Chemical, treats of the general principles of chemical combinations and solutions. Neutrality is that state of solution of two substances in which each seems to have lost its peculiar characteristics. That branch of chemical science which treats of the proportions which the substances

must have, when they enter the state of neutrality, has been called by moderu chemists stoichiometry.

STOICS; an ancient philosophical sect, founded by Zeno, which received its name from the roa (porch or portico), called Pacile (q. v.), in Athens, where Zeno taught his doctrines (about B. C. 300). Zeno (q. v.), a contemporary of Epicurus, after having studied the systems of the Socratic, Cynic and Academic schools, opposed to scepticism views resting on rigorous moral principles. Philosophy is, according to him, the way to wisdom; wisdom itself is the knowledge of human and divine things; and virtue is the application of wisdom to life. The chief heads of his doctrine-logic, physics and morals were connected into a systematic whole. In logic, which he defined the science of distinguishing truth and falsehood, he made experience the basis of all knowledge; ideas, or conceptions, which, in all respects, resemble their objects, he called true, and the power of judging according to principles, the mark of a sound reason. In his physics, he refers to nature itself for the highest standard of human duties, and derives the moral precepts from the laws of the universe. He assumes two uncreated and eternal, but material principles of all things the passive matter, and the active intelligence, or God, which resides in matter, and animates it. The Deity is the original intelligence, and of an ethereal, fiery nature: he made the world, as an organic whole, out of matter and form, by the separation of the elements; and he also rules the world, but is limited in his operations by unchangeable fate or the necessary laws of nature. The universe, according to Zeno, is penetrated by the divine intelligence as by a soul, and is therefore living and rational, but destined to be destroyed by fire. He considers the heavenly bodies, and the powers of nature, of a divine character, and therefore admits the worship of several gods, and teaches that their connexion with men may be beneficial to the latter. The human soul he considers as produced by the union of the creative fire with air, and endowed with eight faculties the five senses, the powers of generation, speech, and reason: the latter, as the active principle, governs the whole soul. The ethics of the Stoics treats the will of God (which also animates the soul of man), or nature, as the source of the moral law, which binds man to aim at divine perfection, since this only can lead to a virtuous life, harmonizing with God and nature, which is the only true happi

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ness. Their practical maxim is, Follow nature, live according to nature, or, which amounts to the same thing, Live in accordance with the laws of consistent reasou. They considered virtue the highest good, and vice the only evil; every thing else is indifferent, or only relatively agreeable or disagreeable. They call human actions honest, when they have a rea sonable foundation in the nature of the agent; perfectly proper, and therefore obligatory, when good in themselves; inter mediate or lawful, in so far as, indifferent in themselves, they are expedient or allowable only in certain relations, but criminal, when they are inconsistent with the reason of the agent. Virtue they accordingly explain as the true harmony of man. with himself, independent of reward or punishment, to be attained by correct moral judgment, and the mastery over the passions and affections: this virtue presupposes the highest inward tranquillity and elevation (apathy) above the pleasures and pains of sense; it makes the wise man not destitute of fecling, but invulnerable, and gives him a dominion over his body which permits even suicide. Virtue, therefore, is represented chiefly under the character of self-denial. Zeno, and his celebrated disciple and successor, Cleanthus, both put themselves to death at an advanced age, the latter by starvation. Cleanthus, originally a pugilist, gave to the Stoic philosophy its distribu tion into dialectics, rhetoric, ethics, politics, physics and theology. He enlarged theology by his proof of the existence of God, and expressed his reverence of one God in his admirable Hymn, yet extant, Cleanthi Hymnus (ed. Sturz, 1785). Chrysippus of Soli (died 208 or 912 B. C.), the successor of Cleanthus, carried logic and dialectics to greater perfection, and, m physics, proved that the influence of fate, or the necessary relation of things, neither destroyed the operation of divine providence nor the free agency of man. In morals, he distinguished, like his predecessors, a natural and a positive law, and derived the latter from the mutual relations of men, as fellow-creatures of the same nature, His successors were Zeno, Antipater (both of Tarsus), Panatius of Rhodes, the pupil of Antipater, and Posidonius of Apamea, in Syria, the disciple of Panatius. Chrysippus, through his writings, also exerted a most important influence upon the Roman philosophers, among whom Seneca, Epictetus, and Marcus Aurelius (see Antoninus), were Stoics. They employed themselves prin

cipally on practical questions; and their moral doctrines have so many points of resemblance to those of Christianity, as to have given rise to the opinion, that they were borrowed from the latter.-See Tiedemann's System der stoischen Philosophie (Leipsic, 1776).

STOLA; a garment worn by the Roman women in later times, they having originally worn the toga only, like the men. The stola was a long tunic with sleeves, reaching to the feet, worn both by the rich and the poor, with this difference only, that the stola of the latter had but a single gold stripe, whilst that of the former had stripes of gold and purple, and at the bottom a broad border or fringe, called instita. Public women, and those who had been found guilty of adultery, were forbidden to wear the stola; hence they were called togata. By stola, therefore, a chaste woman, as well as a woman of condition, was designated. Instita was used in the same way. The stola, which forms a part of the sacerdotal dress of Catholic priests, is a long, broad, white band, of silk or silver stuff, lined with stiff linen, worn by the deacons over the left shoulder, and reaching to the right hip, like the riband of an order; but the priests wear it over both shoulders, and hanging down across the breast. It is marked with three crosses, and not unfrequently has little bells at the end. Prelates wear it ornamented with pearls and embroidery. The stola is necessary for reading the mass; hence jura stolæ, or the dues which are paid for baptisms, marriages, interments, confirmation, confession, and similar religious services performed by the priest. This name has been retained by the German Protestants, although they no longer use the stola. The teachers of the ancient church were supported by the voluntary gifts of the faithful (oblations); and it was long left optional with laymen whether they would give any thing to the priest on such occasions, or not. What was given, was paid over, as late as the sixth century, to the bishop, who allowed a part to the parochial clergy. After that time, every pastor acquired the right to retain what he received in this way from his parishioners; but the councils, down to the tenth century, insisted that the priests should not ask any thing for the above services, but merely receive what was voluntarily given. In the sixteenth century, this permission became a right (jus), confirmed by the ecclesiastical authorities; hence jura stola.

STOLBERG; an ancient German house, which was formerly divided into the two lines of the Hartz and the Rhine. The latter becoming extinct, its possessions fell to the former, which, subsequently to 1638, was divided into the elder line, in the two branches of Ilsenburg (extinct in 1710) and Gedern, and the younger line, in the two branches of Stolberg-Stolberg and Stolberg-Rossla. To the Gedern branch belonged the Stolberg-Wernigerode family, that of Stolberg-Gedern (see Albany), now extinct, and that of StolbergSchwarza, also extinct. In the time of the empire, the counts of Stolberg belonged to the Wetteravian college. Their possessions have been mediatized, and are now under Prussian or Hanoverian sovereignty.

STOLE, GROOM OF THE; the eldest gentleman of his majesty's bed-chamber, whose office it is to present and put on his majesty's shirt, every morning, and to put the room in order. (See Stola.)

STOMACH (stomachus; ventriculus; gaster); a membraneous bag, situated in the epigastric region, which receives the food from the oesophagus. Its figure is somewhat oblong and round. It is largest on the left side, and gradually diminishes towards its lower orifice, where it is the least. Its superior orifice, where the esophagus terminates, is called the cardia; the inferior orifice, where the intestine begins, the pylorus. The anterior surface is turned towards the abdominal muscles, and the posterior opposite the lumbar vertebræ. It has two curvatures: the first is called the great curvature of the stomach, and extends downwards from one orifice to the other, having the omentum adhering to it; the second is the small curvature, which is also between both orifices, but superiorly and posteriorly. stomach, like the intestinal canal, is composed of three coats, or membranes:-1. The outermost, which is very firm, and forms the peritonæum; 2. the muscular, which is very thick, and composed of various muscular fibres; and, 3. the innermost, or villous coat, which is covered with exhaling and inhaling vessels, and mucus. These coats are connected together by cellular membrane. The glands of the stomach which separate the mucus are situated between the villous and muscular coat, in the cellular structure. The nerves of the stomach are very numerous, and come from the eighth pair and intercostal nerves. The lymphatic vessels are distributed throughout the whole substance, and proceed immediately to the

The

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