The Cecil Whig. [volume] (Elkton, Md.) 1841-current, 1868-09-12
Sunshine and Shadow.
BY MATTHEW HALE SMITH.

~ VI 'iio uioSS ieauaDle ana exciting
books OF the day. We give below the head,
OF ie" Of the chap.s,, which mako up the
list OF the contents of the tolsA.:
Wall Street-Ale.andcrT I. Stew1rt-Wm.
D Astor-Cornclius Wand Jacob
Astor-Harper Brothers-H. Ward Beecber
and flymonth Church Law-Mrs.
burdell ningham-Fernando Wood
Bishop Onderdonk-John Aliens Dance
uouse-Black Mailing as an Art-A Night
among the Detectives-The Bowery-The
The 1smbs on Sunday iiorn;ng-Csnspi
racy Against President Lincoln-Central
Fark-Methodism in New York-Gambline
Housewife New York Daily Press-Ben.
Observation-Disclosures. Halpine, etc.
The Five Point. Young Mems Chris
tan Association, &C., &c.
These are a few Of the leading chapters
which will Eil . book of 700 pages. contain
ing most thrilling history of TIE inside
view OF New York. The work will be sold
by subscription only, Snl agents are wanted
III every county and town to canvass for it.
The following chapter from advanced
sheets of the forthcoming work will give
some idea Of its character:
CHAMBER OF THE BOARD OF BROKERS.
This controlling Institution is entered from
wall street and Broad 1t lisa marble build.
ing OF great elegance. The Gold Room,
where the daily sales take place, is one of
the most brilliant rooms in the city. The
vaults are models Of security. They have
IN them two hundred and fifty safes, each
scared by independent locks, which have
IN them million combinations. No two
1 locks are alike. Each member of the Board
! OF Brokers has IL safe assigned to him. In
/ these vaults repose the treasures of the mil
/ llonaires of New York. The board was Or
ganized in 179i. At one time the entrance
/ fee was fifty dollars. Il is now three thous-
and dollars. candidate is put on proba-
! ton for ten days. His financial honor must
be without stain. Application must be
made through some we'll known member,
and the fact is made public. If no objection
Is made, ballot is had. Fourteen black
balls defeat an election. The initiation fee
. ~ l"' iti-i 'h"tU ioiic Dub men OF CaOltll
and honor may be admitted The rules are
extremely stringent. \ violation is followed
by summary election. Every contract is
made on honor, and must be kent to the
letter, or the party is expelled, whoever he T,
may be. For instance, hundred shares of
Erie ara sold at the board by one broker to
another. The seller delivers the stock, and !
takes in payment the check of the buyer
The buyer cannot pay till he las delivered
the stock to The customer who ordered it
But the check will be made good before
three o'clock. Millions of stock pass daily !
from one hand to another III this way. Dur ,
ing all the years of the existence of the .
board but one member has been found guilty .
Of fraud. Some of the sharp, bold onera-
tors, who bull and bear the market, cannot
get into the board at any Price. They would .
otss.- fc. ea-'i----
they cannot enter. These men operate
through members Of the board.
AN INSIDE VIEW.
On entering the building, the members ,
pass up a broad light Of stairs into small
ante room, where their tickets are examined. .
They are then admitted into the Gold Room. !
1t is as elegant as wealth and taste con make
it. The stuffed arm chairs are inlaiJ with
gold. The walls are covered with green
silk. Tapped in heavy folds, instead of paper.
The ceiling is deliberately painted chande :
Tiers hang around. The presidents seat is
magnificent. The president has no salary.
His position is one Of honor. The work of
the board is done by the first vice president,
who from ten to one calls the stocks and
declares the sales. For this monotonous
service he has salary Of seven thousand +,
FIVE hundred dollars year The second
vice president presides over the seco.d board
and has three thousand dollars a year for his
work regular stock list i9 made out
No stock can be sold at the board that is
not on the list Guarantees are required
from all parties who offer stock, and none
can be put on the daily list without a vote
of the boarl. At high change, the room,
that will hold a thousand, is packed. In
front OF the presidents desk is deep basin,
called the COCKPIT IN this basin is an OBJ
long table, fastened to the floor by iron
clamps. Without this, the excited crowd
who hudjle together in the cock pit would
trample each other to death.
Daily some stock excies the market. Its
unexpected rise Or fail produces intense feel
ing The lists Of stocks are usually quietly
sold without attention. The exciting stocks
are we'll known, and when called, arouse
the whole chamber Chairs are abandoned,
men rush p2l into the cock pit, and
crowd, .iostle, push, and trampe on one
another They scream out their offers TO
buy and sell. They speak all at once, yell
| ing and screaming like hycnas. The scene
/ is very exciting. Paniemonum is not wild
err, Or more disorderly. The presiding officer
stands erect, cool and silent. Several hun
! dred men surge before him, stamping, yell
/ ing, screaming, jumping, sweating, seSticu
latins, violently shaking their fists in each
others faces, talking in tongue not spoken
at Pentecost. The president holls in his
hand mallet OF ivory, aa before him is Il
block Of wool encascd in brass. GA ta!5
he strikes with his malet, to control the IN
tense excitement. Without it he woaid
pound his desk to pieces in short time.-
So many minutes are allowed foc the sale Of
stock. In the mils. of this mad frenzy and
apparent disorder, every word of which is
understood by the initiated, the rnalct comes
down with shower OF vigorous blows
''Orler. ORDER runs through the cham
Der. The noise and tempest is hnalei in
moment. No more offers to day, gentle
men.'' the officer says, as the name of the
buyer is announced. If the sale is contest
ed, the president names the bayer. If an
appeal is taken from his decision, it is set
tied on the spot by vote of the board.
hundred thousand dollars often hangs on
that decision. The party against whom it
is given can do nothing but submit.
From the Toledo Blade
NASBF.