Daily Republican., 1883-07-19
AN AMERICAN IA Willy.
Correspond ssse Detroit Free P ess

Correspond eace Detroit Free R ess
My compahioh was not H. mself
broker, but he hal been aID. ng I'll
brokers several years, and had n en-
good many ups and downs In thesA -ee
!" know something about it," he ~ ID
land am convinced that there IL !
more dangerous play in the world thsA
stock gambling. Its fascination whep
It once takes hold is irresistible, and the.
final ruin Is almost certain. have
known many cases, but single one
Will do for illustration. Among the
thousands of outsiders whs dabbled in
wall Vt. ten years ago was Gue-T don't
want to give his real name, b1t will call
him Richards.
" He operated through OFT house
That is, tho house in which was em..l
Psoyed as book-keeEer, and as ae soon
became daily visitor, got to- know
him 40 we'll that we often had fani.
liar chat. sometimes met him In the
evening besides, and our Acquaintance
ripened into intimacy. AT first his
luck IN the street was pretty good, and
one day when BIZ had made a thous snd
or 80 in an hour, he asked me to dsne
with him that evening In Delmonico's.
Most OF our talk wasabOut the street.
and when bottle of wine had made it
pretty free tventuned to suggest thas
a. he had done presty we'll be shouldl
begin to think abous getting out. II
Well, he said,. L have thought II
about it, but Idon'tsee my way Just yet
must have SIC, 900 a year for my fami-
~, and how else can i get ie?'
asked If his in ilv was lor,. oo1
he said 1t consisted of his wife, two }
daughters and son.
And you need SlO,0o0a year to
i've on isn't that pretty high q |,
Well, he said, high or low, l
ant get on with less. The girls are al u
Ways asking for money, in, SUNNI er 9
hey must go to the watering places r
With their mother, and in the winter N
here is a ball or a party every week. 1t !,
osts great deal of money, and the y
Money must be had in some way i
May ask how much money YOU NJ
ave as capital-that is, money you can
eal ly call your own 2 n
-" Well, al ogether, / suppose could ~
Ike up $4,000. Now, what / want to d
now is how l could use that 30 az to ~
lake SlO, 600 year. IMOn't really fancy
lis Wall street business, but what =.
III to DO? 1must have $40, 900 year "
nd though | have looked around pprr
'od deal | cannot find any other bust H
ess that will produce it.. Ia
why not reduce your expenses =? &c
on say you can't do with less than W
O,OOO year? think you are mistak- :.
J. Many families live well on less 10
an % 1000, and some on $4,000 Does 60
'ur family know just how much mon ~
you have?' ;.s
" have tried over and over tomake t,r
EN- understand, but it is no use. When Fe
ey want anything there is no peace Till t'r'
ey get it, and when say cannot at- ir
ri II they tell me that | have plenty Wv VI,
money | really can't make them
'derstand or believe that my means
limited, and the amount of the mat
is that | must have $4,000 year" VI
lost sight of Richard soon after by 10
ing to another house where | had a i.al
tier offer, but | heard from time to BAL
ne that his luck was not so good. 1t Loo
list have been five years before met =
N again. He looked like another A
III his face was carewOrn and his
thing bare y escaped shabbiness. At G
few words l asked him if he was
II in the street.
No. he said, that's all over" 0,
Well, | hope you came out all
hit
NJ right? Yes, if you call coming
without a dollar all right IN
Il was sorry, of course, to hear y~
his i'll luck, and asked him if Al
had gone into any business. M,
o. he said, it is not easy for q @
n who had nothing to go into bust 3
's; but his friends were trying to do
nething for him and there was some
Ne that they would succeed. They
re trying 10 get him place in the nm
,tom House. | asked him what the
ary was, land he said lie understood it cuse
81 1000, with chance of something Az
ter after awhile. 1t would have BY a
n cruel TO remind him of what he 81 pt
l five years ago about not being able sSo sHoi, ,
i've on less than $4,000, but while ditto
were lunching together he gave me resto
Understand that he was living with hca
wife and daughters in small house tlons tnIs
the outskirts Of Brooklyn, and that Sand sndd
son had obtained a clerkship at $15 mail
eek, which was the chief support of Ell
family"