The Dickinson press., 1888-08-25
BOYS OF WALL STREET.
PREcocloUs YOUNGSTERS WHO
SPECULATE ON THE SLY.

story "f the Broker nul His .';a.c Hoy.
Running IL Baby Bucket Slup-lIow IL
Youth Became ~ Regular Gnmbl.r-Sad
Tales of Ruined Boys.
There is nothing n Wall street man is so
opposed to rs speculation when it is inlulwctl
i'll 10y his help or his relatives. He lives bv
1t, hut il is forbidden tu all who are dependent
on him or who serve him. The other ,lav Il
broker, who is II Junior partner in one of the
principal houses on Wall street, bccam, s,,s-
picious that one of the office bows was
"tra,ling. us the Wall street folks politely
call gambling He liked the boy, and thinks
him one of the brightest lads that he ever
SAW, so that he determined to make an effort
to catch him breaking the rule against trad
Ing, and To warm him that ii any other.
member OF the firm ever caught him ut the
p!'acic" Iir woul'l have to lose his place The
question WAS how to expose the lad, but an
opportunity was speedily offered. \ Gus
TONER came in while the boy was writin;, at
Il desk.
hccustomrr said: Central pretty livcly.."
Instantly the hoy dropped his pen and
asked; What is it now:'
'Onc hundred and nineteen, said the Gus
TONER.
Then thr broker saw his chance. "Wlat
did you buy at, Billy?' lie inquired of the
boy.
Before TIL" hoy had taken time to think of
the confession lie was making he replied:
"One hundred and fifteen, sir He WIS so
pleased at having nEl"a profit of four points
on his trade that the words Slipped from him
Now Eve got you. billy" sall the broker;
Ego and sell out and quit specializing for as
lons, as yull remain with this house. Tho
next time you're caught at it you'll llvo
TO go"
a RABY BUCKET SHOP.
In another office it WAS noticed that all tho
'lcr boy, were in the habit of collecting
,ronnl the ticker whenever heir elders wrrn
not booking OYER the tape, and that they
whispered !, great deal whenever they were.
here together. One of their rmpluvr,,
allied them all before him "rlr,lny, and, on
ross examining them, discovered tlmt the
'h!''>t and brightest of them was running II
ahv bucket shop on his account, with On.
'rnt IL point us the standard of value. i'll
stead of II as on Change, and had in
tiatnl all his associates in the full mystery
If stock gambling. They were trading Ion.
lnd short. allh initiating, on II microscopic
scale, the operations of the customers of the
'llicr, some taking bulls as their models and
some betting with the bears The lmhy
nlrk"t shop keeper was cXuctmg Il iny pre-
| MUM Oh profits and Sruuplly in the losses
quito like an adult He M,ls discharged and
,hr rest were ctnlm"nsc that they would
never trtnssrrSs again
One of the shrrw'lcst and quickest bows
hat ever turned up in Wall street obtained u
,l;u'c in n German banking house as an Office
boy at 81 Il week less tun three years ago
He does not get more than IS or so now,
hut in the nlcantim" he has grown to l,r Il; or
Is years old, and has become such Il figure
that til" hest way I" describe his appearance
is I" say that he dresses like john Blo"l.nud.
l.:" the garments "l that leader of fashion
md popular broker, his clothes arc always
r'at and chosen with grntcrl taste. bring
madr of TIL" r"stlirst materials, cut L" fit as
Iluid fits whatever it ILLS, and Vet never
sa,uly OF loud. Last Tuesday met this boy
aud asked him how he was getting along.
''Oh. nirely," said hr '',h"uph rrl Il had
week of it. ldroplmd 81 200 on whcatn
NOW ONE or THEM
y little questioning brought ont the fact
That The boy had begun, as all others do. I.y
small 'lirkrrimy in bucket Shops based un
what was said or done in the o'lic" where he
worried. by putting the bllr .ct Shop viii
ninss l,y and combining with another youth
m good tip or two he had gathered capital
,"l3il To make II regular trade on The stock
market. That had turned ont we'll, and he
hail then her"li" II regular gambler On
'rnng" Viewing this r;isr in one way the
bucket slup wns certainly to blame for
making Il gambler of hiIn, l.It he got his
points from the Legitimate gamblers and is
n"w one of them, and ;,s good rs any nf them
as long ;,s he wins and his employer DOESN'T
find hin, cut.
Hut the stor;ci that are being todd to in
iluon"" the public against the small quota
ti''n M"l'll"r II" not stop WITHIN ;,:!.- sun!l
limits Us those narrated. They contain tales
ui ri,i, bankers and lru';cr, ,lriyin. about at
midnight 1" this house and that and ".,, i!l:s
men 1. surrender chcci.s c:lsird .lu;ine hal:
rln% fora hayward son VIA" has forged tn
-" i'I"l"N I" GIat trading l"-,':. and who
Ia; then l,rcuilr. frightened and confessed TO
the rich father ere HE ryp,,S;Irc of III" next
day came. They include ,.lrs Of Intt Y theft 5
b., some clerks, and of the running of homes
by others, who have got the fever without
the money to feed it, New York Cor l;os-
ton Herald.