The L'Anse sentinel. (L'Anse, L.S., Mich.) 18??-current, 1893-04-15
SECURITIES MADE SECURE.
Why Wall Street by Night Oners Little
Temptation to BursI lars.

Why Wall Street by Night Oners Little
Temptation to Bars lars.
"Come. hurry up. want to get
away"
The speaker was the junior member
OF big firm of brokers and bankers
on Wall street, and the addressed was
young man OF athletic figure, who
held u clerkship In the same Office.
The latter was leaning against large
tin box, such as Is used for the safe
keeping OF bonds, stocks and other
valuable securities. He had been
talking with a fellow clerk. but inn
mediatcly after the above remark he
abruptly broke OF the conversation
and turned to examine the lock of the
box. Having satisfied himself that
il was all right he nodded to two
other clerks who were waiting near
by. These picked up the box and
started for the door, preceded by tho
Junior partner and followed by the
other clerk. In this order they pro-
ceedcd up Wall street to Broad, and
thence to the stock exchange.
In. the basement OF the latter are q
number Of vaults and several watch
men are in charge by night as well as
by day. The broker drew an odd
looking steel instrument out OF his
pocket, which proved to be key for
u combination lock. With this he
opened one of the vaults and waited
until the tin box had been deposited
inside. Then he carefully locked the
vault again. tested the doors to see
that they were secure, and went out
with his clerks
About 4 o'clock every afternoon the
scene described above is repeated
many times in Wall street. The
other afternoon number of young
women who were visiting the street
with an escort. passed by the Office Of
broker who does an enormous BUS
mess and is worth many millions in
his own right.
.'Oh girls, said one, pointing at
the big safe visible from the street.
wouldn't we have fine time il we
could get into that?"
All her companions stopped to look
at the safe and to indulge in surmises
as to the value of its contents.
..Do you want to know just what
there Is in that safe?' asked their cs-
cort. with an amused smile.
.'Yes, tell us"
'.Well. there are some old papers
not worth u dollar, II few dollars
worth OF postage stamps. and less
than $40 in change
why, where are all the stocks and
bonds, and the thousand dollar bills
we read abouto' asked the girls in
chorus.
They are safely locked up in the
stock exchange vaults" he replied.
1t Is fact that there is hardly q
single broker who keeps any valu-
ables in his Office over night, says
the New York sun. just before
closing time every day the brokers
who are members of the stock OK
change pack their securities and cash
in u strong box and take them tn the
vaults in the basement OF the ex-
change. Each member has vault
Of mis- own there. II is interesting to
watch some Of them when they lock
the vaults. The men with big boxes
filled to overlooking with valuable
securities are usually very calm and
nonchalant. but the men with limited
possessions usually spend about five
minutes in making sure that the
vaults have been securely locked.
The reason the brokers take all this
trouble Is because these vaults are al
ways guarded. The brokers who are
not members of. the exchange take
their securities to the vaults ofSafc
deposit companies. Private bankers,
who do not keep watchmen, also take
their valuables to guarded vaults.
After business hours Wall street is
about the least profitable place for
burglars in the city.