The copper country evening news. [volume] (Calumet, Mich.) 18??-1907, 1897-07-24
WOMEN GAMBLERS.
DOZENS DAILY STAKE THEIR FOR
TUNES IN WALL STREET.
Once In They Never Abandon the Game.
Story OF q Young Heiress Who Was Re-
duced to Beggary-scenes In the Offices
Set Apart For Women.

duced to Beggary-Scenes In the Onices
| Set Apart For Women.
| "Do women speculate?" Is question
asked only by those who know very little
about speculation or women either. When
so small a capital as $40, sometimes even
| less, Is all that is necessary to establish the
possibility of making a fortune, 1t could
not be expected that women would long
keep out of the game. And they have not
| Sometimes they patronize the same bro
kers that men do and outstrip their COM
petitors on their own ground. More often,
! indeed increasingly often, they seek offices
established expressly for them and devote
| themselves TO the stock ticker in absolute
seclusion from the curious eyes of mascu-
| line friends. Some are young women, airy
and reckless in squandering whatever
money they have; others are gray haired
matrons Of go or 20, who watch the tluc-
tuations of stocks with the keen eyed saga
city born of long years of experience. Some
are wealthy and prosperous and show it;
others are shabby, haggard and hopeless
| luck has not turned their way
"They like TO come down here" said
| the young woman who has charge Of the
women's offices of one firm of brokers,
because it is nearer the market, and they
appreciate the advantages of getting the
news aU the soonest possible moment.
Then all the transactions here are perfect
ly reliable IL is very different from
bucket shop and on a higher plane. Prob
ably still stronger reason why they like
to have offices Of their own is because il is
secret Most of the women who come here
would feel highly insulted if any one sug-
gested that they were gambling, yet they
would not have their friends know what
they do for anything in the world. Many
of them have husbands who sternly forbid
them TO speculate. Yet they come here just
the same, and no one ever knows the diff
ference. Women seem TO take naturally to
concealment They are particularly fond
of concCaling their names and addresses.
Three-quarters of the names we have on
our books are Smiths and Browns.
Sometimes, however," continued this
experienced young person, "they have ex-
ceedingly good reason for keeping back
their true names. Last winter a woman
came to our office who called herself Mrs.
Brown. Her first speculation was made on
the 1st of January, and from then until
the last of February she never lost point.
That seemed wonderful to her, and it GER
tainly was very unusual though l under
stood the reason for it. All that time the
market had gone one way, Stocks rose
higher and higher. Mrs Brown was tenn
peramentally bull is TO say, she
would never sell Consequently every dol
lar that she put in increased tenfold. One
day stocks began to fall, and Mrs. Brown,
for the first time, lost. After a few days
of losing she came TO me one night and
said that she could not come the next day
and had no more money with her, but be-
sought me almost weeping to hold her
Southern Pacific for her in case the value
should drop. She begged me to assure the
broker that she had plenty of margin and
said that she would make the money up
when she returned.
Il liked the woman and we had grown
| into intimacy l trusted her. SO when
Southern Pacific fell told the broker chat
| Mrs. Browns margin was three times as
large as it was. Her stocks were held.
"Two days after telephoned her and
| found she had given me the wrong num-
| Der l wrote TO her and found she had
| given me a wrong name. She never came
TO the Office again. The broker to whom l
told the whole story saw that | was young
J and had been deceived and made up the
| $500 which had been lost through me. ="
'Do you find it necessary to be on your
| guard against such womenY'
|
| be tricky in their speculations. They are
not as honest as men, and they are not as
good all around spectators. They jump
at conclusions, draw rash differences, and,
as rule, lack caution. Yet there is abso-
lutely nothing that will discourage AVON
an who has once felt the fascination of
handling stocks. She may lose every cent
| she has and she will borrow money and re-
! turn. She may grow weak and old, yet
| she will come here day after day, year aft
| er year. The most pathetic example / have
ever seen of this persistency was young
woman who began her career in u very
prosperous condition. She was Of good
family and wealthy. Her sister, however,
had charge of her money, and, knowing
this young Spectators weakness, limited
her to monthly allowance rather than
allowing her to squander as much of her
! property as she pleased. Every month,
however, the young woman who was the
, subject Of this wise arrangement came and
staked her entire allowance and promptly
, lost it. Time after time the performance
was repeated. Finally the sister died. the
young girl gained control of her property
, and within few weeks lost it all. One
, day when she was reduced to 81 she asked
a friend what she should do with it. She
, was coolly advised to buy some lunch ant
, go home. Instead of doing this she went
: to bucket shop, staked the 50, won Sl(
: and returned to the brokers' Office. She
, felt that her luck had changed, and she
invested the SO in u promising venture
Before night it was lost, and she was pen
niloss. The next time / saw that girl sh'
was employed in "A brokers' Office to call on
| the returns of the ticker at "a salary of =!
+ per week. Reduction to absolute povert,
, was not sufficient to draw her away from
9 the atmosphere that held her by its fasei
nation. New York World.
2 Origin of the Grange.
Andrew Messer of the national grang
Saws Tint the grange originated in WISH