The Honolulu republican. [volume] (Honolulu, T.H.) 1900-1902, 1901-07-14
FAMOUS LITTLE HIN
OF WALL STREET
sovg shY GOULD ONCE HELPED
An AMATEUR STOCK
SPECTATOR.
"reminiscences Of tire Days When the
late Finsncier Was the Dominant
Figure in the Stock narke;-some
Personal differences


there comes 10 me the memory Of
once great power in the financial /
world for some time nov stillej and /
silent Also n a favor once done me. |
{ arm old enough. God knows. 10 have /
FORGOTTEN much but however long the |
road over which one has travelled, be |
does not forget even the least Of the |
springs he found on the wsyside. es-
pecially Il the road has been at all dry
and dusty. SAYS John Paul in the New
York Commercial Advertiser.
With Mr Could ] had never what
you could call an intimate acquaint-
ance once when there was a tie-up
al money II Was suggested that ! call
upon him and ask the reason for the
stfingency. with a view OF making a
humorous article OF the interview. But
there was no need 10 trayesty. The
interview was in itself funny enough.
in all conscience.
Then the Wizard OF the Street was
standing 10y the ticker. its tape. re
cordinE rapid declines. streaming
through has fingers Ike water.
Mr Gould I began. i am sent 10
see ~ You can explain the reason OF
The sudden stringency In the money
market
Money had gone from normal inter
est 20 Is per cent a day. with no pre-
limiuary commissions. and was in urg
cut demand al that.
The little man pushed his hat away
hack on his head. revealing prairie
40 brow-then unbroken by the fur
row Of wrinkle-as though TO show
me what q lot OF surface | would have
10 travel over in search OF the infor
nation ! wanted. and looked at me
through those dark. inscrutable eyes
behind which no man might hope TO
see Accustomed always 20 look into
mans ewes 20 see what he had below
stairs. ] found myself at fault: here.
verify was the door To which found
no KEY"
Really. Mr. WY card had pre-
coded me- was not aware that
there was any stringency. Mr.. Con-
nor" calling To an inner Office this
gentleman tells me that there is
sudden stringency in the money mar
ket 10 Won know ANYTHING ABOUT it,"
with lht'e further inquiry | left t..e
field in which J found so much limo
ccnce and so little information. and
contented myself with writing down
the interview about as II occurred.
Though there was less of IL than |
had hoped quite success was scored.
Those who read said. How FUNNY"
and coTnplmented me on an excellent
invention.
Some time after 7 found myself
loaded 80 tho guards with what were
popularity called Gould stocks but
bought let me explain. by the advice
81 another fnancier interested in the
same roads. They had gone down
from the start. and now that the finish
was near | had barely a sheet OF pa
per tissue az that between me and
what We politely call perdition. II
was Sunday and Monday looked I'M
promising Not knowing what else to
do. but impressed with the idea that
something must be done. | sent note
hv n messenger 20 Mr.. Gould who
then lived nearly opposite the Wind
sor hotel. saving that | would like his
advice In a matter he might know
something about Nearly as soon as
the street could be crossed and re-
crossed by my messenger | received
a reply. written on dainty blue paper
and enclosed in a corresponding en-
velope. each bearing a dainty mono
cram mention this because the
financier who advised the purchase of
these stocks did so on n half sheet OF
foolscap lperhaps in the thought that
Il fitted mel. word for word as fol-
lows;
AS am ignorant OF what YOU wish
10 be advised upon. l. OF course. can
not advise intelligently: but IL you
viii cali AT my Office. No so Broad
way. tomorrow morning. nj 10 o'clock.
will be glad TO see you and 10 advise
you-and to aid You. II in my power.
Aid" waS underscorei. and opened
up possibilities of partnership that
astonished me Tor | only had in mind
10 ask II | had better sell out at the
going prices aud save what money
was left Of rapidly dwindling mar
Gin.
Rnt next morning the stroke Of 10
ON old Trinity's clock found me at the
address indicated. An Italian looking
gentleman in shirt sleeves. in response
10 my card. met me AT a railing In the
outer Office
lyon came to see Mr.. Gould by ap-
pointments Walk inside"
And was ushered into an inner Of
Fee. where found Mr.. Gould seated
alone
He remarked thar il vas pleasant
morning 10 which I cheerfuily assent.
"a Had it been raining hattie axes
and pitchforks still I would not have
differed on So 1nimportant a point he
then turned the conversation on
finance. asking what thought Of some
measure about which knew no more
than about the valeuiar action Of =
cnttlefSh'S stomach That didn't
matter though. one can always make
a good hlnG Al financial conandrums
bv saying something shout the state
~ foreign exchanges and the excess
~ imports Then. remarking that my
own finances were al that moment In
teresting me rather more than those
81 the nation. ! added that | had no
flced row Of men waiting their turn
rs I came IN. and would not further
intrnde upon bis time.
~oh. he said. they can wait
Wsil-