The Durham daily globe. (Durham, N.C.) 1889-1894, 1893-03-29
THE LAUGHING MAN.
IF IN WALL STREET, 1T MAY NOT
MEAN THAT HE FEELS SAFE.

A Typical Scene In One of the Well Known
Bankers and Brokers" -Omces With
Which the Money Center of the Metrop-
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 a junior clerk. They spoke
but little. Some were making mental
calculations, some were building air
castles, a 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 aus and effect, some
thing more than unreasoning faith in
fortunes favor is necessary to open the
purse strings of it's followers. These men
were veterans, and the gamblers passion
was subordinated to cold calculations.
An old but gay and s~prightly man
came upon the scene. He was the pro-
prietor of the Office, a big broker, widely
| lnnTn on6 vnrU nnr111or 10 xyo no
puted to be the possessor of great wealth.
Upon his favor depended the fortunes of
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 "has
beens" of Wall street. He addressed them
ON the subject of gold shipments, argu-
ing from his W view points as to their
effects upon the prosperity of the COM
munity. He had the and voice
Of a 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, a visitor.
who sat beside him:
Il know now just about how all of
these men stand. Did you observe them
while Jones was talking? Did you no
tice how some of them laughed loudly at
his jokes. while others only smiled, and
still others remained impassive? Did you
see how those who laughed loudest strove
to catch his eye, as though to say: See
me; | appreciate your humor; l am i'm
pressed with your remarks. The others
here may not follow you, but I 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.
Il always pay attention to the crowd
when he talks, for by observing them I
can tell how much margin each is trad
ing on. The man who laughs loudest
and is most o~bsequious is very close to
sinking. He fears he may go 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 me! Save me! I 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, l feel a
throb of sympathy for him, for I know
his case is very desperate. The man whu
laughs moderately, looks knowing and
has a fairly contented expression has a
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 my deepest
envy. That man reposes on a financial
rock so high and solid that an earth
quake would recoil from it. 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.
Il will never forget the sensation
caused once by a man getting up here
and calling Jones loudly by his first
| I1duIOs 4LdJ "Il4Ad1A 6t144 1AASO III LuS
ears. There was dead silence for fully a
minute after it had been uttered. Every
one of us expected to see the rash mar
struck by a thunderbolt or consumed by
the whitening scorn of Jones lightning
glance. 1 felt my blood CONCEAL with
horror, and several Of the others told me
afterward that they looked for some
thing awful. But Jones looked as sweet
as an angel, and we all could have wor
SHIPPED the daring n on the spot. He
received a dozen invitations to drink
within 10 minutes and was overwhelmed
with offers of ciga@ His margin, I after.
is a report that another man called Jones
Bill some years ago, but 1 don't believe
it. If anybody did that, it was an out