The Olneyville times. (Olneyville [Providence, R.I.]) 1887-1917, 1888-06-16
wCM:N speCuLATORs.
Why stock Brokers DO Not Like to Take
Thorn for Customers.

"You can't find one broker In ten
who would take a woman's account"
said a well-knOwn broker just after
turning away a lady caller last week
why not? Ain't they big enoughP'
/" "Some Of them are large There Is
a woman on the North side who used
TO go in for "A thousand shares at a
crack. There Is asother at present in
town who is really a big player in
stocks, and sometimes has 500 900 and
30, 900 up in her brokers' hands.
There is another. the widow Of rich
railroador. who makes and loses s2O.-
900 at time But even the account
of these big one. are not sought after y
"Don't they pay commissions
promptly?'
They have TO 10 that. Commis-
sions are charged up the moment the
trade is opened"
"Why, then. il women would mar
gin their deals and keep their margins
good, is not their business catered TOP"
because they are kickers first last
and always. One woman will talk
more about her trades. ask more ques-
tions, come oftener for advice and an
noy broker more tssn twenty men.
II they make moneen sy give broker
no peace. They want him TO go right
ahead for them on his own Judgment
a thing reputable brokers do not do ex-
cept in the rarest instance and then
not without some directions and for
nobody but their oldest customers. IL
n woman loses. she pays her losses in
n manner that makes a man feel simply
like the deuce. He has TO say he's so
sorry. TO sympathize and cry over what
wasn't his fault but hers. IL you give
her advice and IL proves bad-Lrokers
are not iniallible; If they were they
wouldn't be brokers but speculators-
why she charges you with her loss and
don't want to pay Another thing. the
majority Of women who speculate
cant afford il. They are dipping INTO
their savings. When those are gone
they are like as not to dip into others
they hold in trust. Speculation is bad
for man, but my experience proves
that a woman who is bitten by ii has
the fever twice as bad. The very last
woman's account had on my books
taught me how far woman will 20.
My fair client made little money at
first. Then she plunged. Of course.
IL was up and down for awhile.
Finally. it was down-yery much
down--with her luck. She came TO
me weeping. and wanted me TO take
her diamonds as margin for one more
deal. Oi course, wouldn't do that.
Well, she went away but came back
the next day with some money, with
out her diamonds, and accompanied
by Misunderstanding beast who
stood by and saw the money
paid over before no left. That
stake she lost, too. Then she
came into the private office. and
after some Mysteries said she had
borrowed the diamonds full value
from her companion of the previous
day. on condition that she pay him
beside his interest one-half the prof
ITS she made in the deal IL her
husband found il out she was ruined.
She begged my help. She promised
If / would she would overcome the
fascination speculation had for her.
and stay away for good. Wen. the
upshot of II was | got her diamonds
back by paying one-third more than
they were worth. and gave them to
her as bribe to keep her promises
She did keep her word, strange to
say She never entered my office or
any other brokers afterwa,d. Her
husband never knew of her specula-
tions. charged up the cost of the
diamonds To expense account and
swore no woman's account. If il was
worth 500, 600 n year. would ever 90
on my books again. ~ Chicago LcTd IT,