The Wichita daily eagle. [volume] (Wichita, Kan.) 1890-1906, 1899-06-09
LAMBS FOR HEEGING
Story Of One Who Knows
Wall Streets ms and Outs
AT A. COST OF 100000
Some of the Film FIam8
Worked Upon the Unwary,

New York June S.-The Herald has the
following communication uncigned: I am
a lamb. went into Wall street five years
ago with a hundred thousand dollars cash.
Today a West street lodging house is my
only home, and l thank God for the free
lunch system, which saves me from actual
starvation. 1 am not only penniless, but I
am a physical wreck. Ny family is dis
persed; all ties dear to the heart are brok-
en-. I have but one passi0n-to hover
with the thousands OF other broken winged
moths around the g,amorous globe Of the
ticker. 1 have lost all seLf-restraint, all
self-possession. am hypnotized into he'll;
ana were l to have my whole fortune laid
back in my arms once more it should go
the same way.
Six years ago 7 was a prosperous shop
keeper in a small city in the northern part
Of this state. It took me twenty years to
build up the business worth $4,000. I am
an Englishman born. After graduation
from oxford, not without honors, ! came
to new country TO make my fortune.
wanted to 90 into law, but while waiting
to get my credentials went into store,
being unwilling to depend more upon my
folks at home. The storekeeper died short
~, and I ran the shop for the widow.
Later I bought it, and began to lay aside
money in two banks.
Instead Of the horribly hopeless ex'stence
OF a specializing has-been, living on tips"
to the "tupenny' plungers, whom, if they
lose ] avoid TO escape their curses. if they
win ! dog for the few crumbs from the
beggarly feast-instead of this, I say.
should have been in that little city today
the most respected and surely the wealth.
lest Of her citizens. with home, family and
friends. had not received from England
two legacies within a tweIvemonth. These
windfalIs aggregated $4,000. and the inter
Tor town, so rural, innocent and honest.
became too small for me.
When l came to New York had no more
idea Of specializing than I now have of
ever returning to the land Of my birth.
was introduced to man who posed as a
broker. He invited me to lunch with him
next day.
It is needless to say that 7 accepted his
invitation to luncheon. Here was another
glimpse into the great world Wall street
amazed, stunned, hypnotized me. Theofh-
ces Of the great broker" who was really
only bucketshop keeper were palatiaL
There were at least six men to be seen be-
fore the broker was reached and no
king was ever hadged in with greater di-
vinity.
The great man received me gracfously.
He was giving orders to obsequious conf
Dental clerks, three at time, in cabalstic
phrases, which imbued me with a proper
sense Of awe. He began to enthuse over
some paintings which he had just imported
from Paris at great costa magnificent
Diaz, genuine MuHllo and a Daubigny.
In the midst Of the riot of speculation he
had time to talk art, and he talked it Wen.
Then we went to luncheon at the cafe
Savarin, leaving the Offices by a rear exit
in spite Of the scores awaiting an audience.
We had a window table at the Savarin
The bucketshop keeper threw the menu
aside and said:-"Jules. ell leave it TO
you" The waiter bowed and proved him
self a man of choice. That lunch was an
epicurean revelation. Out of a twenty dol
lar bill there was just enough left to tip
jules. The broker was a dipl0matist. He
eschewcd Wall street topics at meal. If 7
too the initiative on the tOpis he swerved
the subject to paintings and horses, his
two hobbies. 7 saw that to talk shop there
was an impertinence. He said that at
three o'clock we should so up the Hudson
and tae a spin to the home and tomb OF
the ilu=trioUs Washington Irving behind
his famous trotters which cost him 500, 900.
Meanwhile, I was shown the Stock EX-
change and other points of interest Of
Wall street by a clever young super"
whom I piled with questions.
At three o'cloc up the Hudson we went
I'm q beautiful steam Yacht, and the speedy
trotters awaited us at the landing. In the
wicker armchair on the yachts deck puff
inc a fifty cent cigar. I was in glory; but
seated on the cushions behind twenty odd
thousand dollars worth of horse flesh I
was in the seventh heaven. Still the
broker eschewed business topics. He
seemed seemed 70 want to forget Wall
street ard all that in it is. Once he said,
"Oh. dr8t the market, Come down tomur-
row and tn ten YOU all about how to
make money" That was alI-it was
enough. I went down. 7 put W a thousand
dollars that day t. learn something. That
thousand brought me in three hundred
profit within ten hours
7 went back tn my inland city with nv
head buzziur. Never did the little store
COX 50 forhidding ana repulsive 7 had
had the j1lIiest kind of n trip and was a
hundred dollars to the good over all ex-
pcuses. I kept my secret. but Planned TO
sell out my store 70 uy head clerk. He
bought II. 4 month later. with a hundred