The Bossier banner. [volume] (Bellevue, Bossier Parish, La.) 1859-1952, 1879-12-18
BELLEVUE, La, THURSDAY, DECEMBER ls, 1879.
STORIES OFWALL STREET. .

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n; STORIES OFWALL STREET. Fl
49, "a sIsq 81 t--iHItsinim!ls ari,
A Man Who Made and Lost n Fortune
elfn1 How His luck Changed. hoisS93s
lCorespondenceo of the Philadelphia Times.l
NEW YORK, November, 23.-There is,
now in ".the, street'',a man who came
from Connecticut a few years ago and.
made $500, 600 in six, smo,prtMhs, o,pr tn He, had
1000 to. start with, partly money that
he had saved hnd the rest sborrowettI;
In whateyerdireetion he reached, money
seemed to answer the touch. The news
of his 'ldck went back, ,iandI fairly bewh-
dereds the town whence, he came, Of
those who took the fever seven gave up
their employment and came toftfie city,
making here q little bunch of speeula7-
tors like many another that may be
found in Wan Street, drawn togetherl
by like causes from :, many parts, Of the
country. It is Just as when somebody
draws Il prize I'm sdlottery, straightway
half the people in ther spveeightIboE peiigghtboEhood g9
to buying lottery tickets. And for the
same reasons you may find in small
cities and towns remote from New York
communities who seem to have a bent for
stock speculations. Ask why, and you
usually, FdiscoYerl that, somebody from
that town has gone to New York and
taken up the stock business, ,iml ati some.
time has, made a big hit there, +, 6.,,,,. /,
those who followed the man
from Connecticut wasiia, young, LOW
who had about S80,000, his share Of a
fortune left by relative. This made
him rich In coiintrytown, but ha was
dazzled by the then rapidly increasing
man, e He began. putting small bites, of
his $4,000 into. the Wal, Street sharks,
mouth, and lost steadily, butnot enough
to alarm hina9 for he had : no, doubt his
luck would turn, and give him as much
money as the man who had Struck 1T
rich had nade.u He met; the fortunate
individual in the = street and said
You've got $500, ,0000enonSh' for any
body to live onpoWhy don't yos:talke it
and get out and keep it?'ii ~ 4,,.,..,
lIg'. Because l want to make it a ROUNDS
81 ,O00,00O; then I I'llslear out. 10 g1isd
dollar IL sf Il the sS @sPfhi &c a9 #t asSsS
persistehtIy agsainssshimzas it, ihadsobee
for him, and in a desperate endeayors 70
regain his losses he stacked DIP his lnaf-
gins until thewhole sreatfortune melted
away. Ittook the man with $50, 900 n
year to lose his money; he made smaller
and more cautious operations,E but he
lost it all the same, He, couldn't with
stand the fascination Of tie street, and
f1owshe Is the cashier of d small bank
year. '''' - ''''''''''H
20 The 100000 man stuck to tit,i toogl
Sometimesehe swas well. clad and again Z /
not SO well. Occasionally, he made q
little strike of u few htiHdred, and speed-
lily lost it ALL sWhenths.was. partiGAllasrr77l \
" hard aground he would Slip up home
and stay away awile, but lie would soon'
sreturn with "a. small capital and try,
again. On August last he appeared
with 800, which he put up as aftnatginI
with n broker. who had handled bun,
.dreds of thousands for him in his fiiish
days, and began 10 buy stocks. .1tIIe7
struck the first Of, this great flood-tide
that has in,ifidated Stiie IcoaAtry and
Came oin with ita! AS q his profits inn
Creased he kept on buying steadily,
putting in all he had with the neiveSof
soldier andI1withy wisdom gained Of
previous. experience he stopped short
three days ago, When y tf1eb market nbel
came choppy and, uncertain, and rested
on his oars with $500, 600 in bank. This
safely invested IN ffour per- cents Motild'
give him an income of 81 ,00O, = year.,
enough, for a, man of simple tastes to
live on comfortably but he sticksteths
street, and is,stil going in to make 1t a,
million, and in al human probability
he win Keep at Il until hefisdown again.
and will windupaby joining, the small
army of curbstone brokers. who lead a
wretched existence, "anda lfinally yofade,
away nobody knows, ,yhitherr sluuro, I,f
4 g