Connecticut western news., 1882-07-12

said. "I ought to have known better, for my father used to say that Daniel Drew once remarked:
 'The man who sells what isn't his'n
 Gets in debt and goes to prison"
 A fat man from Chicago passed with out looking up, and I got no advice from him. learned that he was once worth $25O, ,00O, but now couldn't pay his debts, because of Wall street The sandy haired man at the tape told me that he had been in Wall street twelve years trying to get even. Three merry brokers went by talking about white diamonds and champagne supper by the sea. The head of the firm started for his drive in the Park. The janitor and his wife came down to begin to clean out the offices. The clerks went home, and walked to the Battery and looked at the water.
 Two days of exciting novel reading and strong cigars helped to keep me away from Wall street, but no amount of resolution could keep me away from the stock reports in the newspapers. U. P. was getting up slowly, and I grew cheerful. Early the next week I was on the road to wealth. My holdings showed profit of $75. Now I must be spry and get $200 more. It came two days later and sold out. The taciturn speculator took me by the sleeve and said Did you ever hear the story of the man who knew when to quit Wall street ?"
 "No."
 "Well, it was when he had BIO to pay his expenses"
 called for my account, got long strip couldn't understand, received a check for $275, and concluded to sell my Government bond and buy few shares of stock that paid seven per cent. I called the next day and got the stock. I felt good, was we'll dressed, and was smoking cigar that cost fifty cents. There was furry at the tape. I was about to leave, when I learned that certain stock had broken. The current opinion was that the stock was being depressed by the bears. It would spring back before night. It had sold from 46 to Al, and would soon reach the turning point. An old speculator wrote an order for two hundred shares of it. "Why," said he, "I made money on that stock at TO-" saw that it was one of those golden opportuni- ties that make men rich, and con- cluded to take away $1,OOO instead of $275. Scratching my name on the back of the stock, l put it up as margin, with an order for 200 shares of the stock at Al. I got it at 40. Thirty minutes later it was 37.
 The news came that the company had failed. Convinced that it was canard, I determined to leverage" that is, acting on Wall street advice, bought more at lower price. The bottom seemed to have dropped out, and the newsboys were yelling ''extra." felt unwell. The brokers came in excited. The head of the firm wanted to see the 'fools" that had loaded him up with - (the name of the stock). I didn t have margin enough left for wire-rope dancer to stand on. The head of the firm said that must scrape together more money. It was hard work, but l did it. The taciturn man made me think of man with eyes like those oi fierce tiger. Several speculators were weeded out, and went off early, being 8 little lame. The next day, on the rally of the shorts, the stock improved, but it went down again, and the market fol it seemed closed for repairs. got g point. It came on the "dead level, and was said to be ''gllt edged" Ac cordingly I sold Western Un1on short at 90, and saw it go up to 107 with { dividend to pay. I foundered like { fish out of its native element with hook in its mouth.
 Six months later the sky is leaden There is no canary bird carrolling tt the unconscious day. I am thin ant my friends say am working too hard All through the hot summer I hay seen miles and miles of tape unwount from the little ticker, which has jus begun to be musical. My ''long" stocl is growing stronger and my "short stock is growing weaker. My accoun now fills page of the ledger. l don know how to read it except the yer last line. which tells the whole story Those who look at it say that I hay paid a small fortune in commission and interest. The broker treats me wit
 more respect. have now but one an
 bition, namely, to get even. I clos out my shorts. I now carry a loade cane for the man who has any gilt-edge points. Iget upon the wave of what called 8 "boom." Jay Gould and al working together now. I throw ove , board everything that shows profit. hold one nest egg. Three days wate l it as hen watches her chickens. TT 7 ticker. works away. l call mass mee Ing OI GnespoculaGOfS ana aSK TOT COT mittee of statisticians to decide u 3 point at which I must sell to be evel
 The majority report is adopted, and boy with quarter in his hand hurri l to the Exchange with my order. I'll D broker chats with me affectionately al
 talks about my future operations.
 don't want to hurt another broker
 feelings, and l keep still. The b'
 brings back report of my last sale 0 Wall street, and am just even. Ina !, paid the brokers family expenses f 6 the summer, and it is the hardest wo o I ever did. I slip out without sayil | Ek0