The sun. [volume] (New York [N.Y.]) 1833-1916, 1877-10-04
VAIL STREET M.iDE EASY.

VAL STREET M.IDE Easy
Stock speculation has heretofore been sur
rounded by many difficulties for that large class
Of Wall street operators whose available capital
runs from five all the way NJ to twenty five dol
lars. These capitalists carry their bank accounts
in their trousers pockets. and. as prudent men.
always like to keep on hand reserve fund in
the shape Of n lvc-dolar bill for stray washer
womcn's accounts. or the next square uptown
meal. Having abundant lclsure-in fact. more
leisure than anything clso--they devote them
selves assiduously 10 n careful study Of the
great financial. industrial. commercial. and
agricultural interests Of tho country. They
know all about tho crop movement. a. bearing
on the revival Of business and ultimately affect.
ing Wall street values. Nobody. not oven Chit
tendon himself. l. moro familiar with the DIM
culties which apparently surround the rcsump-
tion Of specie payments than these livr-doilar
capitalists. They will tell YOU significantly that
certain Wall street operations now going on
and in which they hope to have hand--mny
quite possibly at no distant DAY awaken the
Secretary Of the Treasury to Il discovery Of I'M
pending danger
Heretofore these gentlemen and their nnan-
cial theories and stock ,uco ulatiaus have hrnn
m"rcil"ssly turned over To- the cArlstpne. This
state Of things could mt last. The pressing
want OF a now Exchange for tie especial benefit
Of modest capitalists was widely felt AMI has
happily been supplied.
There nre now on Broadway and Now strcot
AZ least three. il not more nourishing cstah-
h-hm9nts. controlled, owned. and managed ly
bankers and brokers. which address themselves
directly 10 the large and growing class Of " Ave
dollar capit.tl-ts.' At these admirable irstl-
tutfons tparuf.rs non Inv mil .,t
margin OF one per cont. i'm lots Of five shares NJ
100 l.ole. the commissions ON loo shares or
over being lie ot per cent should the oror-
a'or Joe d,sirou- of giving his spoaulations g
wider rang" tn" banker cor broker who run
The ma hine viii amiahly undertake to sell or
buy. ~ the option ~ the pur ha~cr. on regular.
on -"lcr three or hnycr throe. sales At ono of
those -o-ca.lrd Exchanges privileges are taken
rs marein. The pubic are cordially invited to
drop IN and make it their headquarters Oper-
ators can execute their own orders. and buy or
sell any part Of 700 shares by putting up
g marrin on n,c shares
- marei, "a tw,n.,' ia, shares
lp' mtrsiu on one hundred .hai,s
As the ticker cnunriatc- quotations they arc
recorded on q blackboard. which ~ watched
with tho deepest interest by the five and ten-
dollar capitalists. seated in comfortable chairs
about the Exchange. One per cent. rise or fall.
including onn-cighih commission on operations
involving less than 100 shares closes iue trans
action. Should III" operating capitalist lose. and
~till have ten dollars in his pocket. h. i worry
likelyto devote Ave of 1t on another turn plank
ing down his ilvr-doilar margin with the clerk
and taking his receipt. Conversation among
the cal .tallsts who congrogatc at thc.e Ia
changes runs chiefly on stock values ana great
Wall street oporu9 Jim Krone." th,y say.
" has lately bought some i-uO0O.OOO stocks.
Wonder Will he buy ont Vanderbilt. and run
straight line from y w York 20 'Iris,Ot' Jay
Gould doesn't p 'em 10 mind that last thlashins
ne got III loo willing % take one every day in
the week for i1ulunO. and that's just what he
made out oi n. rather guess Gus Belmont
and the Syndi,a'c put their foot IN j with tho
four per cents. And then looking at the
blackboard. Lake Shore OF l.. that -pous
another flyer for me-. Think Ill shut up shop
for the LAY ana 90 h1me."
We earn that it Is in contemplation TO start
still another EXchnns"." hasri on more lIb-
otal lrn'pios even tLau III 0sc nov in cpora-
tlOn. The proposed institution is d,s.,,ael Go
a' immediate chat lmmD use class momruuruy
without realy money. and DESTROYS ol letrioy-
ing their fallen fortunes hy lucky coup i'm
stool L.. Any article Of intrinsic value. ieyrry.
aniiy plato, sponns-oh, YES. particularly
spoons-wrarns apparel. meD r-rhaums opera
slnss's, postage stamps g. will ho fairly cSti-
mated 10y a sworn appraiser and taken for Gosh
as margin at the appraised value. Thi~ Stock
Exchange will he organized ~ n company
under The now limited liability law Of this stat"
pissed juno a. 1875, involving 10 tho pro-
meters no liability beyond the amount of sub
s'riptions. II is believed that it viii pay the
promoters better than any savings bunk