The Emporia news. [volume] (Emporia, Kan.) 1859-1881, 1866-07-07
THE LOWER BOARD.
stOck-OpeIating in New York.

3 StOck-OPeIa in New York.
q Our commercial readers out in Colora-
do, and other remote parts of the Union,
3 must now and then be considerably mys-
| tilted by allusiCns ia money articles, -
which are perfectly ineligible to the city
readers for whom they are intended, but
which are pure Greek TO everybody else.
Tbs '.Gold Room,' the ''Open Board, -
and the First, Second, and Third Boards,
may convey some tangible ideas 20 those
;. who have had no practical experience in
the stock exchanges; but what idea can
any reader in the old Piute region have of
The "LoWer Board 90 We presume none
whatever; aud, as We have a leisure half
hour on our hand, which is a rather un-,
common occurrence, and as the money
market is easy, Governments are firm.
and RAILROADS are dull, and we have
no ''puis" to trouble US, if our country
readers will accopany US, we will take a
lock at the Clover Board" The Low
er Board is sometimes called the Long
room; and, as 1t is a paratively new
institution, Its nomenclature is not abso-
lutely fixed. For a great number of
years the Stock Exchange was held in
Wall street, in the back chamber of an
old dwelling house, which occupied the
site of what is now called Jauncy Court;
1t afterward was,held in an upper room of
the Merchants Exchange, now occupied
by the auditor of the custom house, after
which 1t was removed to hired apart
ments in South Williamstreet; but it now
has building Of its own in Broad street,
where it has drawn after it all the stock
brokers and money changers who can
find foothold in any of the cellars or
attics of that neigh borhood. The Gus
tom House, the Sub Treasury, the Mint
and the Stock Exchange, are all within
a stones threW of one another, as thez
ought to be; and this com pacing of the
chief money marts Of the New World
into SO small a space makes the value of
the land in the immediate vicinity great
er than that of any similar space on the
earth. There is building completed on
the corner of Nassau and Pine streets
near by, intended for brokers' and bank
ers' Offices, which will afford good idea
Of the way things work in this neighbor-
hood. 1t is owned by a family of broth
ers, who came to New York some ten or
twelve years ago, and rented place for
which they paid hundred dollars year.
This building which they have just erect
ed has cost them a million of dollars,
,, one half being paid for the land on which
it stands, and Il rents for about two hun
dred and fifty thousand dollars year.
We know of one man who pays seven
thousand dollars year for one small of
fee In the basement of this building.
There are ''diggings'' in the Beighbor-
hood of Wall street, it will be seen, that
, are very nearly equal to Gould d Curry
Taking our departure from this marble
3 Eldorado, we proceed down Nassau street
past the sub treasury, with its Doric col
umns, and discover In Broad street tall
structure OF white marble, raising like
Mont Blanc out of an arid desert of brown
= sandstone. This is the Stock Exchange
and we may enter il in Wall street
through richly ornamented white mar
bic sort of gateway, or by plain door
way in brick front On New street, or
through a Corinthian portico of white
marble in Broad street. We will choose
the latter portal. The hour is 4 D. m;
an excited crowd Of Brokers are rushing
out of the narrow passage way of the
> "Open Board" from a brown stone
building near by, and are making their
way to the Lower Board, into which they
hurry pell-mell, with notebooks and PEN
ellis in hand. We will let them rush in,
while we stop in the yesttibule to take
I look. On either side of the entrance
there is an immense window, composed
i of Two enormous sheets of plate-g lass, so
bright and transparent that il requires an
g. ao,IsI toueh Of the hand To satisfy Vou
r there is anything there to keep out the
? wind and the rain. You look into vast
+ hall, with tesselaied floor of red and
!. white marble, and long range of fated
i iron columns, with Corinthian capitals,
running down the centre, on which rest
. the iron girders of the ceiling above. A
: lofty flight of broad iron stairs leads to
J. the upper story, in which is the spacious
!. apartments of the Regular Board /" and
I'll on the Stairs may be seen the figures Of
4 famous men in The financial world, as.
! leaadIDg and Geeending, ike The angels
! an Jacobs ladder. The vestibule of THU
< long room is divided from the main apart
2 meHt By a railing and a sort Of wicker
at which sits astout Cerebus, with doub
Ie chin instead of double head. Th
. broad shouldsred, fresh complsxtioneC
!. gentleman near by is lessee of the Long
Room; the double-chinned, good natures
!. CerbsTue to whom he Is speaking is tn
janilor or doorkesper of the room. ii
4 keeps efficient watch 70 see that no On
y enters the apartment who lie not entitlel
ar 20 It By virtue Of prying q hundred dol
l. lars 8 year for the privileges and blu
: Foo.tal v,ofsoa-,-n 4ho louuaau v,aaP n