Watertown republican. [volume] (Watertown, Wis.) 1860-1906, 1869-11-17
ssJonn Paur' on Wau-street Operations.

3
John PAIL, the humorous New York
correspondent Of the Springfield Republi-
can, narrates his ezperince with the Wall
street brokers WREN he stepped down
among them after the Friday's battle to see
what he could pick up:
What 10 you want OF us 2 would be
asked as [ entered the Office.
s"To- buy some stocks for me. p
''Rave you any money!"
''Hav.a I any money! Do Il0ok ike a
person of that characJt? If had. do you
think I'd come down here with it?"
''Then we can't do anything for you.
esCant eh? What's to hinder yaur buy
ing ms any stock that looks likely to go up
twenty or thirty per cent. at the lowest.
letting it 90 up, selling i5at the highest,
taking out what it cost and yeur commits
sions, and giving ne tha 5a.ance! don't
ask vou to give me amy n1of1s7 beforehand,
and you make y0uF cOalmz4 4sl0Ds and have
the fun of doing the business IN any event. ;"
None Of them saw the profit that must
result to them from this thing, which
simply shows that they are not business
men. There's not q woman who reads this
article but can see with halI an eye-unless
she has wall, or q Walt-st1eet eye-that
they're. sure to make commissions If the
stock goes up, and have it on hand for col
lateral If it goes down
"One of these persons-when l wish to
be particularly severe on man always
speak of him as q per80n-caIled &c me as
was going out Of the door, and saiCe s'Are
you James Fisk, Jr. ~
Ono [ replied, ''why 90 you ask ?"
ooh, =" explained he, 'L thought that no
one else in the city could have that amount
Of cheek.
I have since thought that he might have
meant chic, which is French for style
However, Notwithstanding their cOmbi
nation to crash me. they cannot prevent
me rom operating. This is the way todo it.
When / s5o 6. stock which 1 think IS gOInE
ND. I enter the price down IN q book, anC
| Ebe number of shares would probably buy
# It noes up I dan calculate the profit
should have to a nicely. If It goes down
can calculate the saving | have effected
! nv not bylysug, 20 you. see 1 have a sure
+iing either way. Putting both sides to
ether 7 find fhat : r2t ke and save abOU
| 81. 600, 600 week.
This is much better than doing business
on a margin" Imagine 1Ge - 'rlvule
4 Of text meandering through a meaGoE o
margin
/ Western and Pauline III .rklaG we're doWI
lin the street on Friday, driven Ia close
/ carriage. and people were wondering Wha
thev we're doing there. It seems to m'
fair to suppose that Lucille. vas looking
after the Western stocks, while Pauline
being one of the baEes Of the period, pro
bably went down to Keep the Clique =
| countenance. Sizes been ''short, so IA
as skirts are eoncerned) ever. since she
been in the country
( Ii was supposed that the clergymen. Sun
dav. would fire in platoous a6 the sin ant
/ f5llv of sp= culation, but hey didn't. ]
NAV be thatnot few Of them took a tur
in the street. During my investigations
on Saturday, I thought I saw the Eide
Tying trying to geta put" on Daniel Drew
but may be mistaken-it may have bee
Vanderbilt Rev. Mr.. WinIzler preache
from very appropriate text, though til
sermon had nothing to do with the lat
corner in gold and decline in the stocks
"Buy the truth and sell it not" My eye
though, won't they go .'short' Of it IN Wa
street 1t seems to me that IN ln8epioU
clergyman might have made a very lnte,
esting discourse from that little eplsoo
in the life of Elijah, or at least drawn
clever parallel, comparing gold TO IN
Baldhead, and the bulls to the boys #h
cried go up, until at last the bears goI
bled them,