The Dallas weekly herald. [volume] (Dallas, Tex.) 1873-1885, 1883-03-15
Women In Wall Street.

l questioned the secretary of the stock
exchange about ladies in and around Wall
street. Yes" he replied, there are @
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 succeeded by two more, flushed with
enthusiasm and ready to risk all. We have
had ladies apply here for membership and
offer to plank down $4,000 for ticket.
But what would a lady do in q cage of wild
animals? We couldn't have it. So they are
Obliged TO content themselves with coming
to the door and doing their business through
brokers. But they generally lose everything
before they leave. l have known exceptions,
of course-oh, yes. One woman / have in
mind who IN ade 500 900, and more, too, in
speculation here in one season, and then
had the good sense and pluck to retire on it
Ito quit and risk no more, She was a rare
bird, though, a 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
put in as much as she Is willing 10 lose.
Then II she makes anything she can pass IL
to the'account Of her sagacity. But most
of them come down, and, instead of going
Light on some conservative line, they rush
in and get scooped. L believe in fair play
for women, but when a woman comes into
Wali street, she had better stay at home
and send her brother. And lust before he
leaves home, she had better say: Charley,
take your own money instead Of mine.'n
Another equally well-known broker said !:
"Don't you mention my name, for have
customers Of all sexes-men, women, mas
culine women and womanish men-but
think ladies in Wall street are nuisance.
When they come TO invest their money
they are courageous and express themselves
as willing TO take any chances, but when
they lose they totally lack nerve and so 10
pieces. Only last month put mp $1,000 In
margins for lady on an Ohio road. Well,
thousand wa1 harvested by somebody else.
When she came TO see about IL she was pa
alyzed with grief and establishment. IL
was all the money she had. She
'sQuealed.' as they say in the street.
She begged and cried, like child,
and | actually divided the loss with
her like fool. She took the $500 of and
lost IL somewhere else, / suppose. knew
one woman here a couple Of years ago that
made money. No man ON the street could
get aheed OF her. She had nerve, and the
men became afraid 10 deal with her. Her
name was Mrs. Brough, l think She Is In
the state prison now for forgery"
James X. Keene, whose horses have
astonished Great Britain, and whose corners
have embarrassed Jay Gould, laughed and
sa,d: "Brokers don't like ladies' for their
customers. II lady leaves her money
with a broker and loses II. she IL very likely
to take advantage Of the immunity Of her
ser and inform him that he has got Il him
self, and that be h = liar and a thief Some
brokers are 80 unreasonable a. not 10 like
This trestment."
Have women special qualifications for
specnletlng7- I asked.
"Yes undouot>dly. For insts nee, the
vary QUALITY OF trusIfulness that makes her
q faithful friend, an ndectionate sister aud
GOOD wife. She can be easily imposed on
Nv any rood-looking man Who Il q plausi-
HE taller and made b invest In any Wild
cat scheme. She IL Handicapped. 700, BY
not being able 10 rush around the street
and tnlk 70 ever body, 20 her sources Of IN
formnfion are meagre. II 4 very difficult
20 ret . woman 70 sell on rising market on
but on q falling mnrket. IL she holds some
rfock fhnf fDes 10 10 los she doesn't SO
why Il shouldn't 70 up 20 100. She Il
troubled with infuifi0n, TOO. she cornes
and bragg Of her intuitions that are -
much better than man'a weak judgment
rnd erperi<noe. nnd tells how her tntul-
fIons never rnisIead her. and hen sne
brinrs her intuitiona 70 bear on he Denver
a Rio 0rnnd. On The Chicago Burlington
A Dinner. and gsts lslt- Most Of NE women
No fIrfnr tbeir r1cneT INTO The street leHVe
4 hsrs "-rlsr TurkIetter IN Cbicaro