The Seattle post-intelligencer. [volume] (Seattle, Wash. Terr. [Wash.]) 1888-1914, 1889-12-06

Rule That Il Sow G.saeraliy Lived Up
80 In New Horfs.


New Tetk Snn
A wealthy Tonng broker. who j. popular
shout f0wn ch&nced to enter cafe Just oil
waIi street the naissais os ere afGeraoon
last week. He found : Humaer Of men
seated around table enjoying themselves,
ard his entrance wax GREETED with vociier-
Gus EXPLANATIONS Of deligat 4 chair vas
pulled up to the tasie and be was invited
70 Join the party. He shock his head.
II am vsry sovrg. gentlemen" he said,
shut il Is IN infieaiaie rslle Tith me never
20 drink during h.asiness hours hat 4
partner once who was ruined through
drinking one glass Of sherry, and that
taught me = lesson
The story was one ol the traditions Of
Wall street. though il occurred not so
many years ago. The victinl was well-
known broker. with seat in the exchanges
and = good reputation among his fellow
brokers. He. up 60 this particular day.
carefully avoided indllging in even enc
drink until after the exchange doors were
closed. lie was interested IN large trans
action in stocks, the results Of which did
not appear 10 be likely 70 be reached tor
several days az least Re went ont with
q friend TO get some lunch and
drank one glass OF sherry. He
returned TO bis oEice. and, fnd-
ing everything quiet there, went
out again. he had Insen5ed 10 80 directly
to the exchange door. bit, the taste Of that
glass Of sherry still lingering IN his mouth,
he thought he would drsp ia and have an-
other. His friend being very interesting
. talker aud. having no business on hand
himself, was IN no hurry to leave, and from
one glass Of sherry il went 70 another, ard
O'Clock had arrived before the broker re-
turned 10 consciousness Of business. When
he returned 10 his Office be took Up the
tape, and, 20 his horror, found that the
stock ia which he had been dealing had
gone down ave points, completely wiplng
out his margin. The decline had been
gradual. and. had he Fesse on the exchange
door when he started 10 so, he could have
got OF with small loss As IL WAS, ne lost
SGD, 900. and that at critical time when
other transactions bore heavily upon him.
de left the street that night ruined man.
Ii ans body believes that this case has
not had its effect upon the brokers Of the
street. let him try 70 induce one Of them 10
take adrsnk duiing business hours. ii be Is
broker Of any repSife the chances are ten 70
one that be viii refuse Ii he does accept,
the chances are just q great that his bus
mess is al over for the day, and that be
has nothing TO lose. 1t Is nos 50 much the
danger OF becoming intoxicated - il is the
loss OF time 10 most OF them. The working
hours of the broker are very short, but
there is continual hustle from the time
that be arrives on the street in the morn
ing until he goes home at night. This Is
true not only OF brokers but Of business
MEN generally. In the office of biz com-
mission house on Duane street the other
day man invited the head Of the house
out 20 lunch.
"Weii have light lunch and bottle Of
wine,n he said.
"No." said the proprietor, firmly, 81
never touch glass of liquor Of any kind
until alter / get through with my basi-
ness
This same merchant had bitter ex-
perience several months ago. He started
out with customer TO enjoy a light lunch,
and NJ o'clock at night one OF bis EN-
ployes found the two with dozen bottles.
that had been fall OF Rhifle wine, on the
table in front OF them. Il was q week be-
fore this merchant returned 10 business.
and through the neglect Of certain matters
OF which only he had cognizance. a con-
tract worth in the Aggregate fully 100000
WAS ls.~f