Fort Worth daily gazette. (Fort Worth, Tex.) 1882-1891, 1888-04-18
ROY GAMBLERS IN WALL STREET.
Youngsters Who Begin in q Very Small
Way in the Bucket shops and Work Up
Boston Herald.


vsyiu the Bucket shops and Work Up
Boston Herald.
There is nothing Wall street man is
40 opposed to as speculation when it is
INDUCED in by his help or his relatives.
Hs lives by It, but it is forbidden to all
who sre dependent on him or who serve
him. The other day broker, who is a
j1Dior partner in one of the principal
bouses on Wall street, became suspicious
that one OF the boys was trading" as
the wall street folks politely call gam
bling. He likes the BOY, and thinks him
one Of the brightest lads that he ever
ssB, so that he made an effort to catch
him 01eakIDg the rule against trading, and
10 warn him that il shy other MEMBER Of
the firm ever caught him at the practice
be would have 10 lose his place. The
question was how to expose the lad, but
an opportunity was soon offered. A GUS
toner csqe in while the boy was writing
at desB
The customer said: "Central pretty
lively"
Instantly the boy dropped his pen and
asked: "Whst is it now?"
"One hundred and Nineteen" said the
customer.
Then the broker saw his chance, "What
did you buyi 81, BIlyI" he inquired OF the
boy.
Before the boy had taken time to think
Of the confession he WAS making he re-
piled:
"One hundred and fifteen, sir" He was
sUpessed at having made profit Of four
points on his trade that the words slipped
from him.
"NOW I've got you, Billy" said the
broker; ''go and sell out and quit spec.
latilg for IS long as you remain with this
house, The next time you're caught at
ityou'l hsve to CO."
IN snother Office it was noticed that all
the office bows were in the habit of col
Letting around the ticker whenever their
elders were not looking over the tape and
inst they whispered 8 great deal whenever
they we're there together. One Of their
employers called them all before him one
dSy and, upon Cross examining them,
discovered thsL the eldest and brightest
oOy was running bucket shop on his
own account, win cent point as the
standard OF value instead of dollar, as
On Change, snd had initiated all his
associates in the full mystery Of
stock gambling. They were trad
Ing long and short, and initiating,
On microscopic scale, the operations Of
me customers of the office, some taking
ouliS as their models and some betting
with the bears. The baby bucket-shop
keeper was eIscting tiny premium on
ptel,s snd scoOping in the losses quite
nAe IN adult. He wss discharged, and
Hue rest we're made to promise that they
would never trangress again.
Ooe OF the snreWdest and quickest
v9!s that ever turned up in Wall street
vo1alned place in German banking
.S as an Office boy at So s week less
s-sn Infee years ago. He does not get
ulJfe t1sn SIS or $40 now, but in the
meantime ne has grown to be II or Is
! !S old, and has become such a figure
Sua1 Tue best way to describe his appear
T nuCe IS 10 ssy that he dresses like John
p4Oous0Od. Like the garments OF that
!gAaeI OF fashion and popular broker, his
S1O.les are always neat and chosen with
seu'eeI taste, being made of costliest
Wt.sII,e s cur to fit as fluid fits Whatever
n ms, snd yet never gaudy or loud. Last
ttuesuay l met this boy and asked him
AVW ne was getting along.
VA, nicely" said ne, Though l had
Whest."
&, a little questioning brought out the
t a. inst this boy had begun, as sll others
w. oy small diCkering in bucket shops,
Ossea on what WAS said or done In the
b S-lIe where he worked. By putting the
v s.;st shop winnings by, and combining
W. %,'a another youth on good tip or two,
- uau gathered capital enough to make
Ttesutar trade on the stock market.
5 1aas mad turned out well, and he had
V Veome regular gambler on Change.
CIV Ih.e"tng this case in one way, the bucket
.op was certainly to blame for making
fG ro-n OF him, but he got his points
ON nUm me legitimate gamblers, and b now
a. ~, VI Ihem, and as good as any OF them
dong ing as ne wins and his employer
uUesn't dndlhim out. ~
,ra 4us the stories that are being told to
r r-~seace the public against The small
a., .1O1aLon peddIers do not stop within
Tty, suCh limits as those above narrated.
n.y. contain tales OF rich bankers and
honss driving about 81 midnight to this
rerdS s aua tA& and begging men to sur
Vs., caecEs cashed during that day for
"afd son, who had forged to ge!