The Wilmington daily Republican., 1901-12-03
THU DAILY REPUBLICAN.
The Republican Printing
and Publishing Go,
'GlGl .lsHED DAILY. EXCEPT SUNDAY
s. L. COR. 1iskD AND KING STREETS
entered at the Post, Office at Wilmin .tos
Del as second.cIass mail matter
TUESDAY. DECEMBER }. 1907.

GAMBLING is one Of the evils Of
the preseut age. Nis strange what
a fascination 1t has for some people
who often stake their weeks wages
on a game, knowing full we'll that
the chances are ten to one against
them. They win sdmetimes who
don't who has ever gambled. but
they know down deep IN their heart
that they have no chance OF getting
much ahead Of the game il they
play it long enough. Gambling is
q born instinct that some men can't
shake off, although they know they
lose every night they take up the
cards.
There are different forms Of gam
bling, tie most genteel belus pro.
gressive euchrc parties. where each
player is charged a nominal snm
which goes toward purchasing the
presents which are TO be played
for. Gambling in stocks is another
Iascina atiug pastime, with hundreds
oi men, and young men as well as
old, indulge iu this game, called
buying and selling stocks OH mar-
gin.
In these bucket shops they can
purchase ten share lots. That is,
hat $40 represents one per cent.
and these Isl ops generally de.
mand two per cent, being $50 on
their purchase, which they must
deposit with the broker or the mau.
ager OF these bucket shops II the
stock goes up. say from 50 TO so.
The customer maNcs SO, less his
brokerage, which is s.. 50. II he
concludes TO hold Oh to his stock
and it goes on up 10 say % per
share. he makes $4L 50. on a $40 In'
vestment. You ask, do their Gus
toners make money? No, If they
keep at it. They generally lose a,
they have. But they d.ludc them
selves with the idea that the mex
deal will be more fortunate anc
make up all their loss and give
fair profit beside.
The game is a very fascinating
nne aud the speculat'ns fever 1s
hard 10 shake OIL. You would Won
der at the number OF men ans
women WHO speculate IN stocks o'
margin. The game IS not a!low
ed by the law, but the devl is bca.
en- around the bush. and II Is 10
certain extent legallIcd. 1t IS
greater evil than policy paying
which the authorities tIy 10 keel
stamped out, but it is Ga red Oh il
our city to nearly a, gr at All cxtcn
as in the palmy days OF our loca
policy kings.
"'- 1t is now backed by man name
Levy. OF Philadelphia. who Ma
grown rich off the immense profit
Of the business, 1.-THE police woul
seep their hands off, the polic
backers would be happy and NOR
rontent than they are at the pres
snt time. Bot don't forget tha
there are other evils equally as pei
niclous as policy W ting, that nee
looking into, IN the city OF WI
mington.
IT Is no wonder ramm any hate
oglvc up the poIltIca! control
New York clv. 1t meaut the han'
ling Of hundreds Of millions oi do
lars. And with such d vast sum
expend in the different city dcpar
ment> good opportunity was
be had for some OF it togo IN cth'
channels than that prescribed /
law. With this idea 10 view Il
Tammany heads OF city dcpar
mcnts are preparing 10 spend m
lions before they 80 out oil otht
Electric Ilghlcompanes, s,Aiianer
the ice trust, dealers N water ,u
plies, builders. architects, grocer
and all sorts OF dealers aud maU
Iacturers who have proh!ed by Il
Tammany regime arc not TO be !.
IN the lurch. The contracts 10
given out viii aggregate $4,000
100.