The Wichita daily eagle. [volume] (Wichita, Kan.) 1890-1906, 1899-06-09


dashed at General Electric, which the
bears Immediately logged down ten points
in two days. To the winds went 5000
more. I began to lose courage and like
wise confidence in my adviser. He was
very discreet and punctuated his advice
with luncheons at the Savarin, watering
it with the sparkling wine of Rheims.
Well, there is no use in going into de-
tails Here are the documentary evidences.
[ lost $4,000 to that man within seven
months. Sometimes 1 made a thousand,
and was more eIated than was depressed
by the loss of ten thousand. \ coolness
fell between the ''broker' and his shop
keeper client.
! tried another firm. I became one of
that coterie of nerve-racked men and wo-
men who occupy the armchairs in solid
rows in front Of great blacb0ards and
watch the momentary registering of the
ups and downs Of the market with the
eager interest with which people on ship
board watch the ocean.
I had acquired the Wall street fever;
was getting the Wall street face. I sd-
vanced very cautiously. Instead Of putting
L. 1
in ten per cent. margins-fataI error. I
l had spent a whole year in the howl OF the
street and lost $4,000 before I ever saw a
bond, a single share of stock or a bushel of
grain that I had bought or sold" In
fact. it was months before discovered
that the orders were ''bUcketed," and that
I was Just betting against the broker-bet-
ting against a sure system. out of every
thousand dollars worth Of stock I was
paving the broker interest on nine hum
bred which he never borrowed, to buy the
stock, besides paying his commissions on
both buying and selling when he never
sent an order to the floor once a week.
now come to an interesting period OF
my career as Wall street operator. A
letter from a London broker Informed me
that for one who knew as much as 1 did
about American securities London was
just the place. With about fifty thousand
dollars shook the dust of Wall street
from my feet and sought the land of my
birth. I never went near my people, how
ever having 4 new passion which blotted
out all others. I was received in ThrOE-
morton and Threadneedle streets with
OMEN arms. While I was crossing there
were ca5legrams dashing under the sea,
and the brokers who had made a fat sum
out of me returned the courtesy with fiat
terry.
I found that was regarded in London
as a millionaire, a great authority on
American securities and worthy Of every
confidence. I was invited to house rlst'es
IN homes where had never hoped TO find
welcome. I found that I required 70 mar
,-F-- L,r .f,y-
I operated and lost a bill was sent Il EFFORT
nightly. and when I won I received the
amount likewise twice a month. Sir Ed
ward --. Bart, made me at home on his
houseboat on the Thames and introduced
me to financial men.
Here again my timidity and integrity
held me down. 7 could have had a million
dollars credit. and making one plunge,
either come out a tremendous winner IT
been obliged To fly. I did neither. I SIM
ply went on shaking the hands OF fnan-
ciers, earls and bar7nets, talking American
securities into willing ears 1t The 2'Cca-
diny clubs and on the coach tops on tol,y
country tours-and showing good money
into the hands IF the brokers.
I gave a great lord some advice one day
which he followed and made thousand
pounds 1t was great fuke on my ra-t.
7 did not even follow my own adv, %. lat
His I,or5ship did. and invited me To One
at the Army and Navy That nlle ne
winner for arythi0E 7 might have ASKED
FIR in London. from million pounds cred
il with the bankers and brokers To a choice
Of the fair h1corahles with 3. 13m, not
knowing that I was ineligible OF reason 81
q vile and three children alr5sd.-. I as