Evening star. [volume] (Washington, D.C.) 1854-1972, 1886-12-18

The Cunsnings-Hail Kaleidoscope.
HOW LAMBS ARE sH0RN IN WALL sTREET-CLUBs
AND THEIR PECULIARrTIEs-THE STEWART ESTATE,
AND WHAT Is TO BE DONE WITH II, ETC, ETC.


AND THEIR PECuLIARrTIEs-THE STEWART ESTATE,
AND WHAT Is TO BE DONE WITH II, ETC, ETC.
Special Correspondence of THE EVENING STAR.
| NEW YORK, Dec. IL, 1885.
| SECRETS OF SPECULATION.
| "Tips" on Wall street and In mining stocks have
| been unusually plentiful within the last three
weeks. You frequently gee them from close and
intimate friends, who really fancy that they have
a good thing and desire to share it with you. In
nine cases out OF ten they njure instead Of benent
their friends, and are themselves crippled. On the
| morning of December 9th got tip from brother
journalist, true and tried friend. IL was little
tip given in the funess OF his heart and with the
generous desire to do me good.
"Do you want to make a little money!" he
| asked.
| "How?" inquired.
| "Mining stock he whispered, without raising
his eyes from the proof sheet over which he was
posing.
.'what is it," queried
"sutro Tunnel, /" he replied. 'Mind, don't urge
lying around loose you can't invest 1t better. You
don't want to rush in with your thousands but
| what you put out. It's sure thing"
"How do you know" persisted
it must go no further. So and so mentionine the
name OF an officer OF the company is my most
| particular friend. We were schoolmates. They
are driving up the COmstOck leads and it. on the
cards TO force up Sutr0 with it. By investing $500
now you can treble it in week No margin bust
| ness, You know, but buy the shares outright nj
| stake my life on my friend. I've told nobody but
you, ana snall tell nobody else. you want any,
Jump in on the instant There's no time to think
| at 40. You can't afford to delay. 1t has gone up
TO 80 By this time. 1t will certainly be 50 when
The board closes, and it will probably reach $50 by
Here my friend rammed his hand into his over
coat pocket and exhibited dfsheveled sheaf Of
blonde. There's NINE" he said, shaking the
sheaf over my head. YOu have the tip as straight
as have IT. Buy thousand shares-they won't
cost you $6OO-and you can sell them for 81 500
inside OF seven days Put them into your desk
and nd hold on to them until get the cue to sell"
such tips In my day. But watched the market.
On the very afternoon Of the day he bought his
at 40, on Tuesday at 30 on Wednesday at SO, on
Thursday at b and on Friday and Saturday at 80.
t Is Just as apt to run down to as it is to run up
TO 100 OF course the small investors are holding
on TO their stock, eagerly awaiting the turn.
THEY MIGHT BETTER HAVE BOUGHT CHIPS IN FARO
BANK,
for then they could have seen how they lost their
money, and the chances for winning would have
| been on the very verge of even.
Five years ago / had q tip on Memphis and
Charleston. IL came from the experienced imam
clal ed1tor or a daily republican newspaper. We
mad worked and chummed together from bOyhood.
Brothers could not have thought more OF each
other. One afternoon received a letter from him
urging me to raise 81 900 and buy Memphis and
was 10 serve as margin. He assured me that he
had invested nearly all that he was worth In it.
81 ann ne on the inside" he wrote "and Will stake
Knowing the man so well borrowed 81 900. On
my way TO broker / dropped into my friends
tainty OF the investment English capitalists
are going to lease the road for ninety-nine years"
he said. 1.-THE stock is now selling at AZ. When
go up among the SOS. It's the only sure chance
that ever had in my life. It's just like picking
On the suggestion that it was barely possible
that he might be mistaken with regard to the Eng
lishman, he continued: "Ah! but saw the check
Ior the purchase money. twas drawnfor So, OO0,-
600. and 1t will be cashed tomorrow. had the
check right here on this hand, he said, slappng
bis right palm with his left.
No man could be more sure Of an event. The
cneck had been shown him, he assured me- out Of
good Will and gratitude by man who was in
debted TO him for many newspaper favor. In
| fuenced by his confidence, hesitated no longer.
went TO a broker who was q warm personal
Trend. He had never seen me dabbling in Wall
asked.
He was a member OF my Masonic lodge, and
worthy member. He heard the whole story, and
shook his head. 'Ill not buy the stock for YOU
he said. '.My knowledge and my Judgment forbid.
It's quoted at ~ to-day. That's the highest it will
ever go, In my opinion. The British syndicate is
GHOST sTORY-TAFFY FOR FLATS.
Go back to your desk and keep reporting dog
fights and murder trials for you're out OF place in
Wall street: You are worse than an idiot playing
with electricity"
The $1,000 was returned. The market WAS
watched by me as closely as a cat watches a
ground bird. The brokers' prediction was fulfilled
Inc STOCK went down like a cOrkscrew. Within
WITHIN nve days the stOck had touched -. The
financial editor lost S5,0O0-money sadly missed
Dy his widow and children two years afterwards
More than one man in this city, by the relation
OF similar incidents, might shed a lurid light on
the crop or tips now ready for the sickle. The
warm air from the mining and stock boards has
rpened them like cotton balls Those worth pick
Ing are lew and far between. Even these are
rarely picked, however. OF the score or more tips
oIereu me In hfetlme only two were OF intrinsic
worth. One was the offspring OF Uncle Rufus
Hatch, when arrayed in all the panoply OF his
financial glory. He quietly advised me one day to
put my savings into Pacific Mail permanent
investment. The stock was then selling at IL
Fancylng that knew RUFUS better than Rufus
knew me, thanked him and took good care not TO
make the venture. Had / followed his advice
mlSnt nave been worth as much as Joe Howard,
Jr., and George Alfred Townsend. As it is am
worth no more than Uncle Rufus.
"A second golden tip was given by Alden Stock
WeHln the hush days OF Pacific Mail In return for
land then sell It,"
usual. The investment was not made. Pacific
Mail went up TO 81 within four days and then fell
with crash that buried in its ruins Stockwen and
all his friends.
THE UNION CLUB
The eyes of all clubdom are fastened longingly
on the white marble mansion OF the late Mrs
stewart. Her husband was once member OF the
Union, and opinion is rife In that august home OF
all that is dashtng and brilliant In swel,dom that
Mrs. Stewart had been alive to her opportunities
she would have left her house to the club 1t would
make great club house The first floor Is entirely
OF marble and the windows are so large cOmmO-
diouS and expansive that they could probably
frame more oyer-ied and apOplectic Union Club
faces than any other windows In town.
Rlcn Old burgundy, underdone game and long
noufS at tne festive board have established Ger
tain tint OF face and heaviness OF eye 1ndelbly as
ISOLATED with the Union Club. The contrast be-
tween TINS rosy color and the pald and white
surroundings OF the Stewart mansion would be
touching In the extreme. The Union IS un0ues.
tionably the weaithiest club in town, and Ii its
treasury can sustain loss OF hundred thousand
a year, from the populations OF servants IL can
certainly afford a better clubhouse than it now
owns.
The Union by the way, bids fair to become what
may De called news centre. In time the morn
Ing papers VIII send there just as they send to
police headquarters FOR sensational items Ir is
not the 1auit OF the Union that ii gets into the
papers 50 often It's members are all prominent
in the social or financial world and il any sort OF
row occurs In the clubhouse IL must OF necessity
| involve the names OF men known everywhere in
New York. III two famous milfonaires have an in.
significant Squabble in the Union Club IL is or
| more interest TO many newspapers and newspaper
readers than q double murder on the east side or
town.
THE MANHATTAN CLUB
is also credited with having eye on the Stewart
| mansion. The present home OF the Manhattan Is
| so far down town that It's members are becoming