The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1899-06-11

into willing ears at the Piccadnly clubs and
on the coach tops on jolly country tours
and showing good money into the hands OK
the brokers.
gave a great lord some advice one day
which he followed and made a thousand
i did not even follow my own advice. but his
iordship did. and invited ne TO dine AT the
for anything 1 might have asked for in
London. from a million pounds credit with
the bankers and brokers TO a choice OF tho
that 1 was ineligible by reason Of a vile
and three children already, was accounted
a charming but eccentric American with =
lining OF bank notes. 1t will be noted that
] was at this time quite ashamed of my
humble British origin. and that ! not only
did not seek my former people there, but
studiously gave the impression that i was
an American. This / was clever enough
TO see was my advantage.
HE FAILED TO PLUNGE
Meanwhile I was losing money very fast
1 would make a few thousand pounds. then
lose II with more OF my own capifsl. I paid
'~instanter" upon presentation OF bills, but I
was too timid to make the great Hoole7
plunge. II 1 had, and had won. I would
never have returned to America, but would
be ordering scores OF servants about my
English country and Town houses at ths
minute. instead of sitting here In frayed
trousers and cracked boots
But there was one bright episode IN the
disastrous financial and brilliant social
career OF London / took a plunge at the
Derby and won over four Thousand pounds
With this 1 went TO Scotland, then to Ire
land. My Irish career lasted seven months
and was quite as eventfui as the kngtisn
My Irish career was short and lively.
Through Dlblin. Belfast and Cork 1 ran the
gantiet, taking my first lessons In real
plunging. i then came 10 the conclusion
that trading in American securities In for
maker and resolved to return to a nearer
focus again. With about 5000 / returned
TO New York, and changed frcm an invet-
fanHes tp pessimist as on s the a frinsS Of aScser.
dom.
/ made the change too late aud very In
in a week on a rising market The street
went mad on the bull side, and again i
veered to optimism; won $4,000 in two days
diately and collectively failed before I
could get TO the window and realize
ym5 nHw "s seya& 70 brokers' brokers' 'e' atpsters." 'sys-
tenn gentry and others Of that Tx. and
like a browning man grasped at q straw, I
fnst tip f at sn ene Of t %eas MSoss bid BID i for
my business was followed With a telegram
advising me to buy a certain stock. I did
visory broker" who protested 10 be on In
innate terms with the private secretary or
a famous man Of m,lIions IN the street
CNht0N ~
piled me fer new business.
METHOD OF TIPSTERS.
His second deal wiped out the profits OF
| the first and 500 besides. and then ! dis
| covered the method of these towards. They
know nothing about the market. but Sc
lecting q flhctusting stock. will advise one
man to sell and another to buy the same
stock. He pays no more attention to the
man who loses, whs In turn cannot find the
broker because Of his anonymity. but he
dogs the steps of the winner, getting his
share Of the spells on every deal till there
1 had now come very near the end OF my
tether; l had tried every game % to
est ones Of Broad and Wall. and naturally
street. / was by this time almost = ply
steal wreck through insomnia and worry.
but my persistent optimism acquired on
American soil kept me ever hopeful even
to my last dollar. Moreover. quite shabby
Of attire, L was not a little ashamed to go
into offices where (! once had swaggered
| like a pripceling, and old faces repulsed me.
1 buried myself among strangers. most con-
tented so.
BUCKET one e sSop in e New street. sa 1hs sHe a %sssry1
able mass Of financial and physical wrecks
| like myself were half rioting over q rising
Iast s I a It Eas my a ts very fif ela oS .R Mss @xS
and sat down, with temples bounding. star
| ing at the dirty blackboard where q man
in a red undershirt scrolled the Quotations
| Reading was favorite that day. anl there
were probably two hundred men In the
place who had from = to so each on Read
ing" An upward point meant a thousand
dollars loss for the bucket shop; e falling
Consequently into the market they dashed
| through their inside brokers, sold short
enough stock to depress the market one
point, which they at once bought, bringing
Reading" back to its. former quotations.
This wiped out all the margins OF the two
| hundred. my last dollar with them. and I
| walked forth into the light or day an utterly
beaten man.
The cravings OF hunger and fever and
| delirium disappointment made me stagger.
| which to refresh myself with conee and =
| sandwich, but the corners OF every pocket
were probed in vain ] passed up Pine street
toward Broadway. Near the corner stooa 9
banana cart. I would have sighed relief II
/ had now found even a cent, bat, falling
in that, 1 discovered that. q letter from my
pocket bore an -uncanceled stamp. 1 tore te
off and begged the vender TO give me . BE-
nana for IL. He took the stamp reluctant-
ly, then picked out the most cecayed pa
mana IN the penny bunch, l seized r eaS.
banquet when / turned and Eazeo through
the plate glass Of the Cafe Savarfn at my
side.
| years before the bucket shop great broker
luncheon, which was the cause or my losing
SCI 900 to him, and where ] was a11cneo
on my career as a Wall-street speculaforx
there sat the very same broker axteno2o
by the obsequious jules, and opPosite nnn
was another lamb preparing for the sham