The Providence news. (Providence [R.I.]) 1891-1906, 1901-12-30

around ft-wttht,ttt- -fF4et4eF-44efl4sps-. I.
Twenty-slx Broadway is the headquar-
ters OF the Standard oil company; j. p.
Morgan Co.'S officers are at Wall and
Broad streets.
EPIGRAM FOR EACH DAY.
In lighter vein Mr.. Lawson describes
the pitfalls Of speculation. For each day
OF the year he has produced an epigram.
The whole makes an interesting volume,
from which these extracts were chosen
at random by a reporter for The Herald,
who was permitted TO inspect the gift
colendar yesterday:
ION New Years Eve Father Time and
the new born cherub meet in Trinity
church 10 make deliveries. The meeting
place IS an appropriate one; at the foot
Of Wall street is the river at the head
Of Trinlty's graveyard. and i'm the middle
the Stock Exchange.
How marvellous is the tape; YOU hold
one end in your fingers. the other passes
around and beyond the last lap of -eLern=
ity
"The letters and figures used in the lam
suage OF the tape are very few, yet they
spell he'll I'm $4,000. 600 different languages.
"Naviga tion IN Wall street waters is
dangerous because the rocks are all out
OF sight: when YOU locate one by striking
IL they shift to another anchoring.
"Wan street on dry days amuses itself
by soaking the public-also on wet days,
and other days.
"Directorships I'm trusts carry with
them sacred duties. hard work and no
emolument. There are exceptions where
| directors are dilatory in operating on
their advance knowledge, thereby taking
| even chances with the stockholders. They
are rare exceptions, and when discovered
| are dropped
"The ticker rests upon the sabbath-to
| bury It's victims.
"Panlcs fall alike upon the shorn and
| the 10 be shorn.
"The ticker first asks: What do you
| think I'm going TO say7 then says the OPP
TWO KINDS OF PILOTS.
'Tbere are two kinds OF pilots in Wall
street waters-the licensed and unlicensed.
| Each is worse tf1aff tAe -etlfef. f.
when YOU are long and they're drop
| ping it's purgatory: when you're short
! and they're rising, it's hell.
| "A Wall street pilot is one who, tired OF
sinking his own craft, sinks others for
salvage
| Most Wall street rumors have carefully
prepared itinerary.
| - Nothing succeeds like success-ex-
| cept inside Information
"wall street advice is free, and II is
worth il.
4 lne pubic pilllES ltS Ntdllu W w dli
| street and. owing 20 the frictlonless
working OF the most perfect financial
system In the world, it can at any time
! get back its equivalent In one form or
another-usually another.
Each day million shares arc bought
| and sold for the public. Wall street re-
ceives $3.50 900 In commissions. Yet those
who should know better say brokers are
| not producers"
HISTORY IN THE TAPE.
"ofttimes few yards OF tape contains
| more history than all OF the volumes OF q
| Macauley or Bancroft
when YOU gcmble IN stocks it Is YOU
against the world-one mind against mill
lions"
There are many philosophers I'm Wal
street. but they're all broke"
"The ticker every day az quarter past
two tells the victims the time: n appre-
ciatcs that they had watches earlier II
the game"
"The ticker blasts more lives than rum
and cards combined.
"A swarm OF bees visited the stock FIX
change but were so ashamed OF their IN
! activity that they left I'm n hurry
Almost any good mathematical system
can beat the ticker TO a STANDARDIZATION
ten and after three.
~ the Garden " Eden had been in Wal
street Adam would never have got ever
n bite OF the apple.
"Aristotic must have been AlFtiFs viii
the tame when he said the world wal
made up 70 two kinds OF people--liars an,
liars"
Tickery. tickery. took.
The lambs ran after stock;
The stock II turned and tho lambs 60
burned.
And now they're all In hook.
Almost ali directors Of modern trust