Smyrna times., 1893-04-05
THE LAUGHING MAN.
IF IN WALL STREET, 1T MAY NOT
MEAN THAT HE FEELS SAFE.

NN--N-
Which the Money Center of the NIetrOp-
oils Is CrOwded-Currying Favor.
In the interval between the morning
and afternoon sessions of the Stock Ex-
change the spectators and operators sat
in the brokers' Office studying the ques-
tions as they had been marked up on the
blackboard by junior clerk. They spoke
but little. Some were making mental
calculations, some were building air
castles, few were hugging themselves
with delight because fortune was in their
favor, and others looked grim and en-
deavored to conceal their chagrin and
regrets at losses by the operations of the
morning Not a few were wrestling
with Bassanio's problem, considering
whether another arrow would discover
that already lost. In gambling the hope
that another fling at fortune will bring
her down never fades. But those who
gamble daily recognize that such reason
ing is not sound, and where, as in Wall
street, all the investments are based upon
theorizing as to cause and effect, some
thing more than unreasoning faith in
fortunes favor Is necessary to open the
purse strings of its followers. These men
were veterans, and the gamblers passion
was subordinated to cold calculations,
An old but gay and sprightly man
came upon the scene. He was the pro.
prietor of the Office, big broker, widely
known and very popular. He was re-
puted to be the pOssessor Of great wealth.
IInOn bia faNrOV. 6orNou1oH 4bo fo,k,,,,or .
some of the men in the chairs. Should
he withdraw it at critical moment they
might sink out of sight overwhelmed by
ruin, wrecks to be pointed out by the
curious in after days as some of the t'has
beens" Of Wall street. He addressed them
on the subject Of gold shipments, argu.
ing from his own view points as to their
effects upon the prosperity of the COM
munity. He had the manners and voice
Of stump speaker He interlarded his
remarks with jokes and "reminiscences
and talked vOlubly. A handsome gray
haired man, with smooth face and erect
figure, watched him and the others close
ly. When the broker had finished and
disappeared into his private Office, this
man said quietly to the friend, visitor
who sat beside him;
II know now Just about how all of
these men stand. Did you observe them
while Jones was talking2 Did you no
ttce how some of them laughed loudly at
his jokes, while others only smiled, and
still others remained impassivel Did you
see how those who laughed loudest strove
to catch his eye, as though to say: See
me; appreciate your humor; am i'm
pressed with your remarks. The others
here may not follow you, but 1 am all
ears And the meaning Of all that is
that they want to curry favor with him
and win his personal good will, so as to
bank against it should they need his
financial assistance.
II always pay attention to the crowd
when he talks, for by observing them
can tell how much margin each is trad
ing ON. The man who laughs loudest
and is most obsequious is very close to
sinking. He fears he may 20 under any
moment, and his laughter is a desperate
appeal to save him. 1t rings in my ears
like the cry of the drowning wretch who
yells: Save mel Save meP 1 can al
most see him struggling in the waves
and tearing his finger nails on the CLASSY
sides of the rocks against which he is
dashed in his attempts to pull himself
into safety. Every time that man roars
at one of Jones jokes, and holds his
sides as though they would split, I feel a
throb Of sympathy for him, for know
his case is very desperate. The man who
laughs moderately, looks knowing and
has fairly contented expression has o
fair margin up and feels safe But the
man who looks at Jones with an air of
indifference or has the courage to frown
upon him is the object of @y deepest
envy. That man reposes on a financial
rock so high and solid that an earth
quake would recoil from 1t. And. de-
pend upon it, every other man in this
place envies him too. If they dared, they
would stroke his coat and rub shoulders
with him in the hope Of gaining luck
thereby.
: II will never forget the sensation
caused once by man getting up here
and calling Jones loudly by his first
name. That William still rings in my
ears. There was dead silence for fully {
minute after it had been uttered. Every
one of us expected to see the rash mar
struck by thunderbolt or consumed by
I the whitening scorn of Jones' Lightning
glance. felt my blood CONCEAL will
/, horror, and several of the others told m,
afterward that they looked for some
, thing awful. But Jones looked as swee
as an angel, and we all could have wor
: SHIPPED the daring one ON the spot. II,
received a dozen invitations to drinl
within 10 minutes and was overwhelmed
with offers Of cigars. His margin, / after
ward discovered. was 10 per cent. Their
ls o report that another man called Jone
Bill some years ago, but don't believ
It. If anybody did that, it was an out
= slider. No customer with proper con
Bideration of the possibilities of the fu
|. ture could so far forget himself, evei
IS though his immediate conditions wer
n most prosperous. New York Sun.