The daily dispatch. [volume] (Richmond [Va.]) 1850-1884, 1883-02-01

prrrs HATCH ADVISES THEN NOT 10 CONE On
LESS THEY ARE PREPARED TO LOSE.


nrrrs HArru ADVISES THEN NOT TO CONE IN
LESS THEY ARE PREPARED TO LOSE.
A correspondent OF the Chicago Tribune,
writing from New York city, says: ques-
toned the secretary Of the Stock Exchange
about ladies in and around Wall street.
dyes" he said. "therc arc good many
more by far than there used to be. But
they do not stay here long. One loses all
her money and retires in tears, TO be sue
cecded by TWO more flushed with entnu-
siasm and ready TO risk all. we
have had ladies apply here Tor
membership and offer TO plank down
$4,000 for ticket. But what wom,d
q lady do in cage Of wild animalsf we
couldn't have IL. So they are obliged 10
content themselves with coming 10 the
door and doing their business through
brokers. But they generally lose every
thing before they leave. have known
exceptions. OF course--oh, yes. One wo-
man I have I'm mind who made $780,
o{)(l. and more, too, III speculation here IN
one season. and then had the good sense
and pluck 10 retire on ito quit and risk
no more. She was d rare bird, though, q
very rare bird"
Rufus Hatch said: " No woman ought to
come down here unless she makes up her
mind In advance to lose, and she ought to
pt,t in as much as she is willing to lose.
Then II she makes anything she can pass II
to the account OF her sagacity. But most
Of them come down, and instead Of going
light on some conservative lire. they rush
in reckIessly and get scooped. believe IN
fa,r play for women. but when woman
comes into Wall street she had better stay
at home and send her brother. And Just
before he leaves home she had better say !:
Charley, take your own money instead OF
mine.'"
Another equally welLknown broker said !:
.sDon't you mention my name, for have
customers OF all seXes-men, women, mas
culinc women and womanish men-but /
think ladies' in Wall street arc nuisance.
When they come 10 invest their money
they are courageous and express them
selves ms willing TO take any chances; but
when they lose they totally lack nerve and
ro 10 pieces, Only last month | put up
$1,000 in margins for lady on an Ohio
road. Well. it went down, she couldn't
hold il, ard her thousand was harvest
ed by somebody else. When she
came 10 see about il she was paralyzed with
grief and astonishment. 1t was all the
money she had. She 'squealed,' as they
saw i'm the street. She begged and cried
like a child, and | actually divided the loss
with her, like fool. She took the $500 oil
and lost 1t somewhere else, / suppose. l
knew one woman here q coupleof years AGO
that made money. No man on the street
could yet ahead of her. She had nerve,
and the men became afraid to deal with
her. Her name was Mrs. Brough. l think.
She is Ia State prison now for forgery"
James II. Keene, whose horses have
astonlshed Great Britain, and whose cor
ners have embarrassed jay Gould. laughed
and said /: Brokers don't like ladies for
their customers. II a lady leaves her
money with broker and loses ii, she is
very likely TO take advantage OF the immu-
nity Of her sex and inform him that he has
got it himself, and that be is liar and
thief. Some brokers are so unreasonable
as not TO like this treatment
"Hlye women special disquaitcations
for specializing? 1 asked.
"Yes, undoubtedly. For instance, the
very quality OF trustfulness that makes her
a faithful friend. an affectionate sister, and
a good wife. She can he easily imposed
on by any good-looking man who Is plaU
siblc talker, and made to invest in any
wildcat scheme. She is handicapped, too,
by not being able TO run around the street
and talk to everybody, so her sources OF
information are meagre. Ii Is very diff
cult TO get woman TO sell on rising
market or buy on falling market.
II she holds some stock that goes
up TO 105 she doesn't see why il shouldn't
20 up 10 1000. She is troubled with in
tuition too. She comes and brags of her
intuitiOns that are so much better tEan
mems weak Judgment and experience, and
tells how her intuitions never miSiead her,
and then she brings her intuitions to bear
on the Denver and Rio Grande, on the Chi
cago, Burlington and Quincy, and gets
left. Most OF the women who bring their
money into the street leave it here"