The Manitowoc pilot. [volume] (Manitowoc, Wis.) 1859-1932, 1869-11-18
John Paul. on WALL Street Opera

tons.
John Paul" the humorous New ork
correspondent of the Springfield Kepnbil,
Gan, narFates his experience with the W all
street brokers when be stepped down
among them after the Fridays battle to
gee what he could pick up:
Nv ha, do you want of Us p would be
asked as entered the Office.
ITO buy some stocks for me.
Have you any money
Have any money? Do | look like a
person of that character? If L had, do you
think d come dewn here with it p
Then We cant do anything for you.
Cant en-? u hats to hinder your buy
ing me any stock that looks likely TO 20 up
twenty or thirty per cent. at the lowest,
letting it go M, selling it at the highest,
taking out what it cost and your commits
sioas, and giving ne tie BALANCED | don t
ask you 10 give me any money beforehand,
and sou make your commissions and have
the fun OF doing the business in any event +"
None OF them saw the profit that must
result to them frcm this thing, which
simply show, that they are Mt business
men There s.not a woman who reads this
article but can see with bali an eye-uDless
she has wall, or Wail>street eye-that
they re sure 20 make commissions ii the
stock goes up, and have it on hand for col
lateral if it goes downl
One of these persors-when 1 wish to
be particularly severe on man L always
speak of hifa as a person-calied to me as
| was going out of the door, and said. -
Are you James Fisk, Jr.P'
No, | replied, why do you ask p
oh" explained he, II thought that no
one else II he city could have that amount
of cheek"
[ have since thought that he might have
meant chic, which IS French fer style.
However, Notwithstanding their combi-
nation to crush me, they cannot prevent me
from operating This is the way to do it.
When see stock which | think is going
up, | enter the price down in the book land
the number OF shares would probably buy.
Ii II goes up | cen calculate the profit L
should have TO nj Getty. If II goes down,
| can calculate the saving [ have effected
by not buying, SO you see | have IA sure
thing either way. Putting both sides to-
gether, | find that | make and save about
81 900, 900 week.
This i much better than doing business
on margin" Imagine me as 'rivulet
OF text meandefing through meadow OF
margin.
b The way, it is stated that Lucille
I" esterD and Pauline Markha 9ere down
in the street on Friday, driven in close
carriage, and people were wondering what
they were doing there. 1t seems to ne
fair to suppose that Lucille Was looking
after the Western stocks, while Pauline,
being enc Of the bares CT the peripd, pros
badly went down to keep the Clique in
counteuance. She's been short" $50 far
as skirts are concerned) ever since she s
been IN the country.
1t was supposed that the elergymen, Sun
day, would fire in platoons at the sin and
folly Of speculation, but they didn't. Il
mag he that not few If them took turn
IN the street. During nay investigations,
on Saturday, | thought | was tie Elder
IynS trying to get !" Ut Gu Daniel Drew,
bat | may BE mistaken-it may have been
Vanderbilt. Rev. Mr. Wiukicr preached
from very appropriate text, though the
sermon had nothing to do with the lnte
Uo,@cr in geld aad decline in the stocks !;
Buy tAe truth and sell It net My eye,
though, Won they 90 short ofitin Wall
street! II seems 10 re. that an ingenious
clergyman might have made very inter-
eating dlscour>e from that little episode
III the lie OF Elijah, or at least drawn a
clever parallel, comparing gold to the
Batdhead, ard the bulls 90 tla boys who
cried Go up" until at last The bears COB
bled them.