New-York tribune., 1900-11-03
II. ARCHIBALD PELL INITIATED.
STOCK EXCHANGE BROKERS TAKE HIM IN
SUIT NOT INTENDED FOR
THEIR ONSLAUGHT

The active members of the New-York Stock Ex-
change scored again yesterday. and scored heavily
on their new associate, II. Archibald PelL On
Thursday Mr.. Pell prepared to fool his in
itiators by wearing coat the parts of which were
loosely basted together so that a slight tug would
cause them to fall apart. Although he had sta
toned his friends in the gallery to enjoy the
chagrn of the initiators. nothing happened to him.
as the members had been informed from some
source OF his artless preparations. Yesterday Mr..
Pe went on the trading floor again, the second
time In his career. and in a brief ten minutes had
immortalized himself in the traditions of the Ex-
rGe as the hero the victim-it depends on
the point of view-of the thorough and violent
initiation to which any new member has ever been
subjected. 1t was Mr.. Peu's Waterloo, but in the
gallery this time soft eyes looked love and
admiration to eyes which spoke again.
1t about las o'clock when Mr. PeiI
convinced by his experience OF Thursday that
the hand of contumely was not to be laid upon
him, and therefore, clad in elegant and also
honestly stitched garments walked to the floor
OF the Exchange A gratifying token of regard
met him at once in the form of order from one
Of the members to buy 800 shares of Sugar for him.
Mr. Pell anxious to make his entrance as an
active trader, of course accepted the commission
and Hartwig y. Baruch took him by the arm and
led him toward the Sugar post remarking ccnfi-
dentialy: I'm they don't cheat YOU Pen"
Sugar is Of the active stocks, and the largest
group In the room congregates around the Sugar
trading post. They were trading there when Mr..
rem was pllOted toward them but their desire to
extend their congratulations their newly elected
associate prevailed their zeal for executing
their buying and selling orders. for FIVE ten
minutes they devoted their attention exclusively
to Mr. Pen. They tumbled another in
their anxiety to get at him. and naturally he and
his dignity were more or less rudely jostled. That
Is putting II rather mildly, though for the fact
that when the Sugar crowd had finished with Mr.
Pell his clothes were in sadly torn dilapidated
state. and he himself white with suppressed
and expressed emotion.
The Sugar crowd passed him to another group
who pushed him into telephone booth and fixed
up his complexion with of the stuff that is
used for eyebrows, to quote one of the speca tors
brought onto the floor a suit of pink pajamas was
produced and Mr.. Pell hustled over to the
Wabash trading post to have the pajamas put
him ION the banks of the Wabash" About that
time Chairman Kennedy who had chanCed to be
absent from the for the previous min
uteS mounted the rostrum and vigorously pounded
with his gavel for order. and Mr.. Pell and his pink
pajamas escaped by way of the steps leading to the
cellar Of the Exchange.
secured a fresh suit of clothes and clean face,
WIS in a cafe when OF the leaders of the
initiation onslaught came in and commiserated him
on the ordeal through which he had passed. add
ing: Il got around too late to 1t myself
Then, as Mr. Pe. with the brokers' instinct picked
up ticker" tape to see how prices were going
in his absence from the floor. his tormenter
marked: You won't find il there 1t will be out
the news slips in a few minutes. though"