The Wichita daily eagle. [volume] (Wichita, Kan.) 1890-1906, 1900-12-02
Who Was Fooled
The New York world says.
A Notable Initiation
to Wall Street.

The New York World says:
In the traditions of the stock excange
the initiation Of H. Archibald PeH win
be handed down as one Of the most
stimulating and satisfying functions Of
the kind ever witnessed on the floor.
There are three reasons for the warmth
of Mr.. Peu's reception in the temple Of
finance. The first was his popularity.
Being a member of the -Four Hundred
and of the best clubs, and a well-be-
loved man-about-town Er. PeI was held
worthy Of a more elaborate greeting than
the mere tearing of clothes to rags
a courtesy extended to every Tom, Dick
and Harry that joins the exchange.
The second was that MI Peu had the
reputation of being one Of the best dress
ed men ia town. it is obviously more
witty to dishgure a Beau Brummel than
10 perform the same service for a fellow
in baggy trousers and coat of last
years cut
Third but by no means least impor-
tant Mr.. Peu himself had tempted fate
by trying to forestau his fellow-brokers
in the delicate attentions he knew they
would be anxious TO bestow upon him.
BY dressing for the occasion he planned
30 turn the joke on them. This gave
zest 10 postponed reception.
Archibald PeH is son Of Col D.
Archibald Peu and a grandson Of D. C.
PeI who was ACKNOWLEDGEMENTS Of the
state in the SOS
He Is related to the Aspinwalls and
longs to the Knickerbocker and Calu-
met clubs
His marriage to Miss Sadie Price. Of
Baltimore. seven years ago. was a social
event cf the first Importance. and he
and his wife have since PLAYED an impor-
tant part ia the diversions Of Fifth
avenue Newport, Tuxedo and other re-
sorts Of fashion.
No horse show. in particular would he
complete without the presence Of Archie
Peu
For many years Mr. Pei was manager
IF the WaIdorf-A storla office of the
stock hroking firm Of Mcintyre & Ward
well Not long ago he came ia for q
comfortable fortune through the death Of
a maiden aunt and lost no time in graf
flying a fong-cherished ambition TO be
a real live Wall street broker
He bought a seat on the Stock ex-
chanse-a luxury which costs enough
money TO maintain a large family I'm
comfort for half lfe-tiu-and pre-
pared to make his first appearance on
the floor
He was not the only one to make
preparations. The most ordinary and
undressing newcomer would have
heen marked for hazlng but the distln-
ruished and irreproachable Archibald
Pell-no amount Of rough treatment
would be too good for him,
Was Mr.. Per unsuspicious? Not a BIT
Of it, He had heaDd of the merry capers
81 the= bulls and bears when an outsider
joins the herd and be knew what to
expect
Was. he submissive? Oh. no. He knew
thing or two. did Archie Peu and he
thought what a fine thing ii would be If
ne could overturn tradition by escaping
a hazing and at the same time fool his
new comrades.
1t was case for stately. Mr.. Peu
was aware that the modus operandi i'm
such cases seldom varied. The custom
was for two Of the brokers In the
crowd that surrounded the new member
with uproarious greetings to lay hold Of
his coat sleeves and drag them i'm con-
trary directions till The shoulder seams
parted. Then other brokers would seize
his coat-taiIs and by main strength rip
his coat up the back What followed
would depend on the delicate fancy of
the members. but with the coat de-
stroyed the principal initatory rite would
haze been observed.
with this I'm mind Mr.. Pell selected
c0at-and YOU may be sure It wasn't
coat he treasured as The apple % his
eye-and caused his tailor 10 rip up the
seams and then haste them together
with light threads that would part at
the slightest pull
Aware that the nec5tie was another
point of attack ON such occasions, he
fixed his tie round his collar with
thread that would part ike magic when
the tie was snatched at
And thus pauoplied he went downtown
to the exchange.
What mr. Peu thought would happen
was that the brokers who seized his
coattaHs. sleees and necktie would be
coerced with awe and mystfcauon at the
ease with which they came away. and
then the laughter would an be on his
side
He thought this such sood Joke that
De inaiscreetly took some Of his friends
into his confidence.
Come downtown and watch me fool
the brokers,' he said.
There must haze been leakage Nome-
where. or else Archie Pelrs attire excited