The Lafayette advertiser. [volume] (Vermilionville [i.e. Lafayette], La.) 1865-19??, 1879-12-13
Stories of Wall Street.
Correspondence Philadelphia Times.

Correspondence Philadelphia Times
New YoRK, Nov. 23.-There is now in
the street a man who came from Connect
cut few years ago and made 100000
in six months. He had $1,000 to start
with. partly money that he had saved and
the rest borrowed. In whatever direction
be reached money seemed to answer the
touch. The news of his luck went back
and fairly bewildsred the town whence he
came. OF those who took the fever seven
gave up their employment and came to
the city, making here a little bunch of
spectators like many another that may
be found in Wall street, drawn together
by like causes, from many parts Of the
country. 1t is just as when somebody
draws a priza in lottery; straightway
half the people in the neghborhood 60 to
buying lottery tickets. And for the same
reasons you may fad in small cities or
towns remote from New Yoik communities
who seem 10 have bent for stock specu
ations. Ask why, and you will usually
discover that somebody from that town
has gone to New York and taken up the
stock business or at some time has made
big hit there.
Among those who followed the man
from Connecticut was young fellow who
had about $4,000, his share Of fortune
left by relative. This made him rich in
his country town, but he was dazzed by
the then rapidly increasing fortune Of his
successful townsman. Hs began putting
small bites Of his $4,000 into the Wal!
street sharks mouth and lost steadily, but
not enough to alarm him, for be had no
doubt his luck would turn and give him
as much money as the man who had
struck it rich had made. He met the
fortunate individual in the street one day,
and said !:
"You've got 100000; enough for any
one to live on. Why don't you take it
and get out aud keep it :"
because want to make !: a round
million; then I'll clear out"
In less than two months be lost every
dollar of the 5000, 900. Luck went per
sistently against him as it had been for
him, and in desperate effort to regain.
his losses he staked up his margins until
the whole great fortune had melted away.
1t took the man with $4,000 year to
lose his money. He made smaller and
more cautious operations. but he lost 1t all
the same. He couldn't withstand the
destinations Of the street, and now he is
the cashier Of small banking concern at
salary Of $500 year.
The 100000 man stuck to it, too.
Sometimes he was we'll clad and som metimes
not so we'll. Occasionally he made little
strike Of few hundred and speedily lost
| it all. When he got particularly hard
aground he would slip up home and stay
awhile, bu, he would soon return with
small capital aud try again. On August
4 last he appeared with 500 which he
put up as margin with broker who had
handled hundreds Of thousands for him in
his flush days and began to buy stocks.
He struck the first Of his great flood tide
that has inundated the county and came
in with it. As his profits increased he
kept on buying steadily, putting in all he
had with the nerve Of soldier; and with
wisdom gained Of previous experience he
stopped short three days ago, when the
market became choppy and uncertain, and
rested on his oars with 100000 l,n bank
This safely invested in per cents would
give him an income Of $4,000 year,
enough eor man of simple tastes TO live
on comfortably but he sticks to the
street and is still going in 10 make mil
lion, and in all human probability he will
keep at it until he is dawn aglin, aud will
wind up by joining the small army Of
curbstone brokers' who lead wretvhed
existence and finally fade away nobody
knows whittier.
Denis Kea,ney threatened 10 break up
meeting in San Francisco if he had TO
wade knee deep in blood to do it; !; but
when arrested BY = very small policeman
for di>orderly conduct he submitted with
lamb like meekne>s, and would not permit
his followers to raise a finger in his behalf.
young couple pausa before notice
healed. "Lost-A valuable diamond
brooch; 200 francs reward"
'Oh, bosh come along" SAYS the lady
|impatientlv; "you dnn': mean 10 say you
think they've really lost any valuable dia-
,nond b,oocl, T.
"Well," persists her husband, IF they
haven't why do they put up that notice T.
"Becanse, you stupid, somo one might
find valuabl. diamond brooch worth
more than 200 francs and bring it 10
them, don't you see 2"
"By Jov-, | never thought Of ,bai!'
says the husband, admring'y.
,Eho ,,1ii .;a;an sc LIZ in.aut ,uarl1l !. liz.