The Bossier banner. [volume] (Bellevue, Bossier Parish, La.) 1859-1952, 1888-03-29
WALL STREET.
re 81 r
! Moral and Financial Wrecks
Caused by Speculation.

Experience is a dear school, but
h viii learn in no other" is con-
rally quoted. If fools, or men the
vrseof fools, as ordinarily consid-
would but learn there, it would
zatunate. But they won't. Everv
proves it. de who is made wiser,
changes mis- conduct, who sees his
\ folly, after single bitter expert
is one in a thousand. The ma
IN Of men do not mend their ways
lorals with any common amount of
snenes. They still believe. so san
be are they, SO incapable of self,
sstanding, that what has not
happened to them, will certainly
pen. II they but persevere, the
aest improbability. they think, win
overcome, the apparent impossi-
viii occur, the presumably miracu-
ssill come to pass. What we want
slieve, we are nearly sure of. Our
aut desires are Interpreted as a
sshadowing of the future. ~...
III this is constantly exemplified in
:a.treet, which ruins fifty men at
u where the ruin of one man is gem
Ny known. The evil that it does,
only there, but throughout the
nt9, Is seldom suspected. Its bale
Influences reaches the remotest cor
rdthe republic. 1t is continually
Fng the means and morals of thou
& No one lmaglnes what a host
REons-for both sexes are included
zpend all their surplus in putting
margins on particular stocks. These
rate, as a rule, in 4 small way, sell
hlosing largely, because they have
much 70 lose; but the aggregate
punt they leave annually in the
Eas enormous. Many of them do
know the detriment they sus-
ihey are inclined to believe that
ne main they are successful, for
Remember only their profits. They
pot realize the truth that not one in
lndred men takes out of the street
END as much as he carries there.
brokers' are well aware of this, but
DOT 70. their interest to bruit it.
% not care to discourage their
ahers. Their policy is to stimu-
ne gambling spirit, which is more
ss 40 every human breast The
aeds Of members of the Stock
unjust liye-at least they think
nast-and, their living is derived
he putters up of margins. With.
'aess the bulk Of brokers would be
geo 70 discontinue business.
afeely any defaulter or embezzlel
Y part Of the land but owes his
sdlrectiy to speculation in Wal
and examination of his accounts
als this.
sn 1t not for hope Wall street
y oe deserted. The experience ol
thousands deters no one from
% avoid the quicksands in which
ave been lost. Each man is con
'aat he knows better, that he i.
saet' more intelligent, than hi.
\ asO' Hope, plus egotism, drives
pscalators on to theirifate. .Yot
y = 'nen nothing; they are aware
= They are infatuated by theil
aa''s' and their superabundanc.
peetation. They go the sam,
1fise at the same end; NEE
me tate. Yet each has th,
~ % believe that he win prov,
y lnese over-confident specu
one 9, nom New England. tn,
! md Wes. and often with larg,
/ i !. money, though not larg,
N. N y achieve what they are con
! n attempting. A quarter or hal
Z r a great deal of money i,
I sa'ry, and a comfortable amount
~ Under any ordinary circum
I But for operating in tn,
i market it is insignificant TIL
4 sle's do not understand this
I They do not remembe
4 Msala men in Wall street cal
I sa =. s5o.OOo,ooo to 800. 600,
4 y !. much more in combina
Z ~ that the longest purs
I ss !! sias in commercial as wei
contests. He who can no,
\, aa' buy thing outright, VIII,
@sHn and control Z, . ,ara