Wheeling Sunday register. [volume] (Wheeling, W. Va.) 1882-1934, 1897-08-01


and interested uncles. the young graduate
is raised to the position Of buying and
sales clerk within a short time.
Here his duties are trife more arduous
and exacting, but not sufficiently severe to
bring on nervous prostration or brain fe-
ver AS purchasing and sales clerk ne Is
supposed TO keep a record Of the custom
ers to whom stock is sold, its price ana on
whose account il is delivered.
PULL ALL-SUFFICIENT.
Unless the pull is sufficiently vigorous
he gets an advance of only 81 in his wages.
AS buying and sales clerk he is also re-
quired to keep a record of the Clearing
house sheet.
In any number of cases on the Street
the young mans pull has completely
eclipsed his ability. There may have been
instances innumerable where promising
young men have put out all the stocks
sold during the day on the debit side OF
the sheet and all the stocks bought on the
credit side. There was ore case not
month ago where young graduate OF
Harvard so tangled the accounts every
night that ii required the services of two
extra clerks 10 go over his work and I'M
ravel it, But he had a pull His father
was anxious for him TO succeed, and sent
big orders into the house where he was
employed. The firm could not probably
disgrace their young apprentice. so they
kept him and hired two men 10 undo the
work that he did every day.
AFTER HE QUITS BEING A RUNNER.
The next course, having graduated from
a runner and purchasing and sales clerk
is that of cashier. His duties are like
those of any cashier in a big mercantile
or banking house. But he receives a sal
airy Of about $50 a week. and in some OF the
big houses he may even get 500 week.
If he is in the street without a pull,
that is about as far as he will ever get.
There are hundreds of men grown gray
and bald and wrinkled in the service who
have reached the position of cashier who
have never been able TO get beyond H. They
have not the money to buy a seat in the
Exchange. and unless they have Won
derful shrewdness they can never earn II.
There is a man in j. Pierpont Morgan's
office who is an exception 20 the rule. He
is not a member of the exchange, but he
was a gentleman born, and he receives
now a salary of $4,000 a year. equal 10
that of the President Of the United States.
All he has to do is 10 jolly customers. He
knows every man in New York who is
worth knowing. and he can talk sagely
about the value of every stock and bond
that is in the market When customers
come in with a desire to speculate. he adj
vises them TO play the long or the short
side of the market. according TO his judg-
ment. and nine times out on ten they fol-
low his advice.
HIS BUSINESS WAS TO GUESS.
A bright young clerk the other day was
asked what his duties consisted OF.
Il am here he said quickly. Ito guess
what Mr. B. is thinking about And that
is just wheat he does. Mr. b. hurries in
from the exchange mumbllng incoherent-
ly about some stocks which he has been
ordered to buy or sell. Before he has
reached the ticker the bright young clerk
calls out. Chicago Gas an eighth" or
Burlington Sc" and in nearly every case
he calls the turn. When he misses it he is
nearly heart-broken and does not recover
his spirits for the rest of the day.
When young college graduate has