New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1877-11-30
MINI1rURK SrOCK GAlBLING.


HOW wALL-sT. Is BROUGHT WITHIN REACH OF
BOYS AND YOUNG MEN-ONB DOLLAR sPECCLA-
TION.
Since the pOOl-rOOms were closed in Hobo
ken. tie attention Of betting has been attracted
90 a form Of gambling which has been pursued quietly
FOR year the neghborhood OF Walst II consists OF
stock speculation upon q small scale, which, while keep
ins within the pale Of the law, resembles pools
horse In Broadway and New ana Broadss have
appeared recently large number OF stock pooi-rooms
where br0Aendown spectators. curbstone brokers
and young connected with banking and commercial
houses and bet upon their ayOrte railroad stocks.
The stakes range from - upward. These places differ
little from the p00lroOms which the police closed I'M
ceremonously. There are the blackboards upon which
the figures written the OF benches whore the
gamblers SIT 10 smoke and watch for he result OF their
operations tho desks where the tickets cashed and
the bulletins upon the walls with the rules OF the esab
iishmenI. The commissions paid, etc The business 8 SIM
ply pool-senz; but money is veuturcd upon stocks
instead OF horses and buying" not betting" "a tue
terms used TO express the operation the law fails to
touch H.
Among the members Of the stock Exchange this bust
ness Is condemned a. most demoEizing The small
amounts o, stock sold brings the business within the
reach o. young clerks aud Office boys and the natural
consequence The brokers viii be gst, na'teaon
20 duty then rash speculation, and, finally theft and
b. placed upon the various Offices whore th5 business is
carried on. and have warned choir clerks that attendance
~ M 'e places win result IN prompt d7ln!s i These
fr as h- brokers men concerned. but yet they DO
al me employee of banks ana downtown stores
who liberty enter and speculate wildly as they
please Win their money or that Entrusted thrm Tue
propTctOr- NJ thcs gambling 0cLs are denounced ny me
BANKERS dsrcrutanle men who would rot Boz tolerated
nm the -jocs EAclauce. Ih- idea OF selling stocks for
small amounts ginafeG with Irumbul, the puts and
cll. man, and one o TIE shre"d-st OF operators IN
New-iOrE. 49, h7 confession Orb rAe .uW commit
OF stock Exchange, DE was ~ one TINE ENGAGED
iu tine saEdast advertising Ms iu dIuce Tor
one lar and seuduga pacSl q Cf tus Co The dupes
who answered his advertisemcnt At another time
he invented counterfeit q, iector "A package o.
b. printed IN exact imitation O genuine money, SD tAat
"i f thc genuueness 0f bill waa questioned the DE-
tector would show whether or not 10 was good re was
for Sens counterfeit money bur eseaped pun
ishneut on the plea That ne Au NOT supposed lue fL-
money.
who also engaged TINS STOCK seilS Has Deel ar
rested and charged with violation Of the lottery law,
cover his case lie only wy To secure rs lun-
Is OF ns dupes 10 make complaint o. being de-
ties making complaints against the firm. but the
writer's 10 appear against Bradley, fearing the
Detention. Uatil within Few weeks Bradley has slgen
ak grs constant employment n sealing ana directing
circulars which give hls great "C0IOlndtiOn plan Tor
5pefauh1 ia s2 1i V-li, TSin Wiekiing b.
a. Romans FrOthing gam anu uDoeil. AT No. II Broad
- a now room Just been utrci NO under the name
~ tf. pnilic STOCK Exchange. Ihe bulletin board Is
i. and 1rsan. ued with printed cards the quota
r5r-. aud tl, - vet the speculative public has not
Hooked 10, but the propuetOrs nope IN a few days TO
some of whom make clear profit It Is SAID, OF 500
' TR1rrSE rfn0r.er talked with the proprietors OF
some of these places All st0utlF maintained INA, me
business wa honorable. simply commission business,
m facr 1hcv bought or cod AZ tho Of their GUS
toners ANA # the uter lost or wo lnde no dhefece
Co them. Except taI tile risks auu plohs were -Igat
20 e specu1t'rs and their com mss ons perhaps te
larger thc.r business did not differ from thaJ OI com
mission merchant l pork OF ,Dacco ~ was tIue t..
rlere mi .l. DE- men their line Of business VINO were
not strictly honorable in their dealings. Ihose "hose
customers lived ~ distance coud ehsy ulisl'I a-s
zine fund, which c0nided % their Are9iiE indeed
ANAL soo-Ir0I rs had been known 10 employ tle u1e
CONSUMED iu correspondence 10 uahc soo se5,i
for themselves 90 the loss az their customers sun! they
said would not 10 90 estimate che chlrtc OF us
.rrYu u. nier brr. one must that then city ems
TONERS were Themselves educated rs DroEers anu IL
would d. IuuO,-Dle to de- fraud them IN any way.
The margin upon which Bhese firms pdy ana seI Is
usually per cent the trlnsaeoH, lot le,s luth 9LVy
closing Win lpcr cent rise OF IIi Vl lc 'l..A Yl
Tie .ratOr. sic stand about ihc room du.h- t i1
cagc.y watching the quotations = NY are
after appearing UPON the indicator lAerS ar
ng charlctefi5ccs about the crowds WLicn frequent
these places Broken down speculation WHO We're lhce
$40 III Ere or Central Curo.t0ne brokers m,l VINO
we're wont to hang about the doors or tue otocA ~
change begging points from the members, now make
thre places their headquarters Now and then an an1
oi.6oking youth may be seen stahins MS own Vi
borrowed money upon his iayOIlte stuch nut Tue sth4
e-f attendant il tho old Long Island FARMER crazy WIN
sprcuiay. FEVER There are perAal-,a ao1eL ol IesT
i an .prculatlou They not at all shrewd and are
invariably losers. Carried away ~ Tue
iss III stock fluctuations, they have nr-t dtbDed ana
fb,u PLAYED heavily; mOrtgageG the farm ana MOUSE
t s b. Ia got tue means for speculation, aud al last
h,,e come % actual want, but are s A0veiu aud CON
ddent of future winnings, They are haggard m race anu
ragged IN clothes and constantly mut,er 70 thela,l
rraure contrast 10 tae Wellressed WeiiIed AaDttues
ID THE street -, ,. 81 ..o
.c the o.liD Of this business, that tue La" committee
has received Instructions % put AN END % 10 az any COST
,,e,ii4fa tuauzurcs Will be- taken FOR lt5 suppression
n need b. petition for now law VIII ne sent 10 the
LEGISLATURE John s. Norris, Chairman OF le ID" NolL-
were united In the matter aud we're determined 70 sop
a business which they looked uiou Is criminal sHu ul'
Il.