The Middlebury register. [volume] (Middlebury, Vt.) 1850-1882, 1869-07-27
LIFE n WALL SrREEr.-'' Burleigh

LIFE n WALL STREEr.-'' Burleigh ="
in the Boston journal gives this graphic
pen-picture of the Wall street to-day:
The telegraph between England and America
has not made n greater change in the mode Of doing
business than it has in Wall street. 1t is ohscrva-
BILE that great number Of young mon, mere clerks
and boys, crowd the gold room. and are among the
nosiest shoutcrs, the heaviest bidders and the mos,
boistcrous operators. They clamor ON the curb
stones and seem TO be doing all the business of
New York, The great operators in Wall street
who are known at the gold board are few. Their
rooms become the center of capitalists and men
who speculate in a quiet way. For instance, Van
derbilt has no office in Wall street. and yet he is
the heaviest operator. His runners arc legion.
\ ct one house docs his business. Daniel Drew has
no Office. There is place in Broad street where
he can generally be found Mt certain hours of the
day, usually sitting on bench doing or sound
asleep lie has little den of a room in the third
story of the building to which he rctircs when he
has private business to transact. Drew, Wander
bilt and men Of that elias, give their orders through
their brokers to buy or sell certain stocks at a
given price. Formerly, to fill such orders, these
brokers had to attend the stock board and watch
the market Now they remain in their own rooms.
In these great centres Of business there are two
telegrphs The indicates every shade of
change in gold the other tells the state of the
and the little instrument is watched with the ut
most solictudc During high change the rooms
are crowded. As the telegraph reveals the state
of the market, the orders are quietly given to the
clerks to buy sell, and they run out to perform
the ms,ion,an this accounts for the large number
OF mere boys apparently doing business at the
stock board. Old New York does business in the
old style, personally in uncarpcted rooms, on floors
with furniture old as the war of 1912. No lady,
drawing room is more elegant than the offices Of
young New York. Costly carpets, rosewood fur.
niturc, chandeliers, curtains and elegant adornings
often ,tatuary and paintings, mark the rooms of q
, successful house " You will ruin me this Office
is more elegant than the chancel of church, said
an old millionaire who had been into the country
and found on his return that his hnys had beer
fixing up things. A splendid table is set at moor
for lunch to which all customers are invited. Th,
new mode of doing business intensfcs the excite
ment Of Wall street Stock operators have thoil
brokers, as business men have their banks for de
post. About . o'clock they gather. The excite
ment too great for reading much talking. Every
click of the telegraph is watched. 1t carries witt
il the fortune of some, the ruin of many McI
get up and sit down, look out of the window, wall
out Of the door and walk back. smoke, 90 out ant
take drink, discuss the chances of the rise an,
fall of certain stocks, knit their hrows pull thei
hair, white, slap their hands, and give vent t,
cXpletiycs Relays of tclegmphs come from Long
Branch, Newport, Saratoga, Cape May, for meI
buy and sell hundred IF miles away.