Orleans County monitor. [volume] (Barton, Vt.) 1872-1953, 1878-02-04


ed in the least by any such arrangement,
for. like the European communist, they
regard accumulated capital as the law
full plumber of Congress. The bond
holder should be feeced as Christian
duty r
LETTER FROM NEW YORK.
Special Correspondence.
New YORK, Jan. %, 1873.
Gambling is as favorite an occupation
now in this city as it was with gold at
250, and every other man millionaire.
The main difference between '65 and '78
is. that in the latter year of grace there
are fewer gentlemen who are possessed
Of the means necessary to indulgence in
this recreation, and that those who can
so indulge have to do it on considera-
bly, lower scale. Gambling in New York,
as all the world knows, is generally
speaking, of two kinds One kind is
done on green table behind drawn
blinds, and the other with the greatest
noise and publicity in and about series
of buildings devoted to the purpose. Per-
haps | ought to make a third division to
include the lottery and policy business,
but the two above referred to are sufi-
cient for present purposes.
As have just limited, hard times
cause the Wall street kind of gambling
to languish to some extent, and not the
heightened morality of the people. The
spirit is willing, but the pocket is very
feeble; and many broker of the olden
times, who was wont to make his humid
red dollars day commissions, to wear
the softest Of raiment, to take cab il
he had occasion to go block, to have
champagne and boned turkey for lunch,
and to snbsist upon the adipose tissue Of
the land generally. has now been driven
either to seek some other and more la.
borious occupation, or to scrape together
a shabby living amid the scenes of hi
former mushroom prosperity.
But while the old original Stock Elk
change men suffer by the lowered condi
| ton of things, another class of broker
find in it their opportunity. Accordin!
to the rules of the Exchange, the small
est transaction allowed is for one hund
l red shares of stock, and the margin re
quired to carry through even this littl
: IDEAL is now more than large proper
tion of would-be spectators has to risk
0 So, to hold good the saying that wherey
) er there is demand there is supply
g number of brokers have gone into tn
n retail business, SO to speak, and opene
e offices in which the clerk, the mechanic
: or the small merchant can operate on q
oI little as Eve shares, and thus, while Ell
< loving the excitement, the risk, and th
+ exercise of his own sagacity as muc
Re perhaps as Gould, Hatch or Keen, stake
= only 90 Or $40, as the case may be. III
l. Stock Exchange men look with gre;
II disfavor upon this class of offices, whic
j. they contemptuously style ''the primal
school" though why they should feel
u is not quite clear. The small offices al
u really only nursery for infant specul
! tors. In the language of one of the 'pr
u mary school" brokers, There are a GOO
% many men who want to speculate ar
20 don't exactly know how. They a
afraid to risk much and so don't 90 i
&c But they can come here and buy or sc
nc just as small a lot as they want to- TIL,
~ can afford to risk five dollars to lea
~ how. Men will come here, speculate
ei little, get more and more familiar wi
IL stock speculation, and 60 from here
u the larger field in the regular Exchang
'is In that way we shall benefit the busipe
&c generally"
- The other. and rather less reputah
Nc style of gambling, while it has suffer
Il in volume with the general decline, pc
81 sesses too great charms for its votari
10 to be entirely dropped by any considt
Gu able number of them, and so in its va
Gus forms it goes steadily on beneath t
" very eyes and noses of 1.-The finest poll
30 in the world with only occasional a
W spasmodic Interruptions 1t is gener
~ ly supposed by the innocent public th
=, the faro tiger is exclusively a nocturr
W animal whose prowling, like that of
" congener of the Indian jungle, is OF
'oi done after honest folk are asleep. Tn
90 however, is great mistake. The N
q York tiger is a wakeful beast, VIII,
~ chronic hunger demands victims at
'ne no urs. During the day, his growl
eu the loudest between the hours of TIVE
- and two, when the thousands of m
~ chants and clerks are tout to luncI
'0n Absence from the store or Office at t
20. 20, time is not suspicious. and, conseque
ING ly, those whose tastes incline them
.na feel the claws of the beast choose t
nv hour for their encounter do not me
nN to be understood as asserting that 81
~ are the monday exercises of the busin
'"o community as whole, but it is safe
0u- say that the number of thousand doll
i'y which are monthly thrown into the ia
are :. =.