Grand Rapids herald. [volume] (Grand Rapids, Mich.) 1892-1959, 1893-02-05

- srSa - 80 - n11if allie r'.e' iff-
r'acs ftf tHf <e4-H' ~si men ~ DOT
lara "ion 4aoH - - sal = the
t'frfm@n, u cf'1s fea <''t ns''Ff -
rtfro" lis FeaF CAD 1s>'.i<~s =
sf1<<e Toa< huo - t@f fFffI si4t
reply I'm ufier VFiers - 1Fns1 40
tHdy. Hpn<y cp~p Ct DO fs.e aSst's'>
Many hpys 81 t~rtse w'n'1 h1fe 81
down and erl.>i tHrnetn'> <aneerhiit
~'silt 3, the t2f<rn ksers.f afaf ~ All
said. Il have three tsAeis = 81 A.rsFs
% Staten Island lead H.r az af'i..ss
81 me - The n.'r>*.'. aud = fet'@t '''s
leea - fortf-e.snt norrs "r JOY can SCI
TIE horsf ne tavern $500 s$n-
seated IA consideration y an esss~
sreut % pef TWO o',s p'sf1 ~ 'As
n9fs< And IN tnis way tAL'''rf"'it ''1H-
displayed his r'<iii Ia uti'-<ins 'nr ''a.-
Ing saq'tsi 81 ether p<op'r. "h'en =
the Alpha ard umcEa 81 nn1nsr. the
tesfl and The <n.i-4ii. Tar II nnsnee
n,tans or includes antthiny es>e' INC
wtrid = as yet ignorant OF t2f TAX
In addition - the skill that - A.
euired ~ practice. there = also n The
/ case a. eert4in favored individuals q
lucky streak and IN others a. un-
lucky streak. which The owners eannot
Afford u overlook. Some men aimo~f
always guess wrvne'y' othets eaess
. right three times IN f!ve, aud the latter
+. class are sure TO snreeed, becanSe when
/ two operations neatrallxe another two,
/. aud one remains proiitabie. the RESULTS
| the same as II only the one profitable
| venture hat been made. and q centin-
| ual recurrence OF this means wealth,
/! and plenty of IL And the rule holds
! god VICE versa. and then ruin follows
have knouna Wall street dabbler
| - tny 100 shares Of certain stock m
the fnorping al 81. Before noon the
| quotation dropped 70 ~ and he sold out.
Ia an hour Il roee To- 80 and he bought
another hundred. Ihis lot he sold ut
81, just before three o'clock. Such IN
stances are plenty as hisckberries. and
Indicate how men lose The use OF their
brains when they attempt TO b. hnan-
cicrs without understanding the first
| prime Piles OF finance.
There i an opinion more or less prev
aicnt that there is a continual danger
Of .'corners.' AZ the present time this
/ Is mistake. The financial arena of
America IS too big now for corners.
There Is too much boating capital. all
| ready for aggregation on short notice.
II one man OF tea men should lock up
ten or more millions OF legal tenders OF
specie In the New York banks. the
transaction would hardly be noticed. It
would be extremely difficult 70 rcpeat
the great Northwest corner" OF 1871. IN
which jay Gould was the prime agent.
and out OK which he Il supposed 10 have
This was very simple. neat and easy
corner, also Mr.. Could. through about
dozen brokers. owned more than hall
the common stock Of Northwest" OF
course. II was used as collateral ut
hanks. but he could lay his hands ON il
al moments notice. just the same as
II Il reposed in his safe. Numerous
houses on the street owed Mr.. Gould's
hrokcrs corresponding quantity IN
short stock and on given day all thsse
brokers called on all these debtors foi
inc sock. ! ne aeo'o's not oeihg so'e =
pas s'oeS IN the open n'.sHe' "ere az
s'sea 70 sec a.- oouie' a. ne 'n'tsh'
neip You some AT an cary hour
ane nsa asseA4o'en quite a. long a. the
INC that waits AZ inc S'oors OF 'ae inca
Ter "nsn Dernnaru. matinee 20
"ara = eolorea man. seven ifet niSh
was .ne "aroeF' nc 'oos '''e earH o.
tne foremost msn anu hahoeu IL %
clerk Inc clerk oisaPpeareu. tnen re-
appeared. and u>uCrcA the ANXIOUS