New-York tribune., 1901-02-10
WHY Mr.. NAN Quilted WALLsT.
HE TELLS HIs FRIEND AT THE CLUB HIS
BITTER EXPERIENCE IN THE
STOCK MARKET.

..Wau MIR Man" said his friend as they
stood al the club window watching the cap
horses do stunts the slippery asphalt down
Fiftb-ave Well Mr. Man. 1 hope you got
aboard in tie stock market just before election
OF lust after il. anyway
Mr. Man turned slowly and regarded ms
n,o,.,,otor with somhre eye. slight sigh es-
caped from his lips. and he shook ms hehu
s.arilv Eut Mr Man said nothing
.v-,,. NOV, that's too bad," said his false
friend lrlskly How did that happen? got
a lin an Northern Pacific at "a. and sold II AT
Stop fisures
.g-m-rn,. remarked Mr., Man, with bland pa
thence.
why don't YOU take hyer!" pursued the
Successful Pluneer reltntlcssly; they say those
ste,l stocks are going to have a whiri up soon
This time a real sigh weary and heavy laden
came from Mr.. Man. Il am through Win 'he
stock market he murmured. i hnished a year
q, =, ago I have been compelled to pursue the
most distressing economies ever since hhished-
Il might almost say" went on Mr. Man. with
stpai-l calmness. that did not finish at all
At least I Was not in AT the finish ran my
self f. standstiu before | even got into the
homestretch"
Mr.. Man was fond Of all sorts of sporting
r,.tanbors Yes" he added. but my broker
was in al the death. These brokers are always
in AZ the death l consider broker on the
same I,lauy as a harpy." pursued Mr. Man
NiciouS,y.
His friend produced a couple of cigars ana
they lie,y their chairs closer up 10y the wihdo"
.rat. ,,,. ,ri.rs. steward said his friend and
tb.n. -Tcl me all about il. Mr. Man ne AIDED
sympa1heucally.
s. Mr. Man told him: Il used TO be l"iiu oi
gains, otIt now ana then. a,pd one evening at a
3i,,,r sat right opposite Mr.. Jorsan' the
,,,;,,.,, banker I had been thinking a good
al . ,,,akiu. some money in the market. ana
I REGARDED this as an excellent opportunity TO
OF = littl.. information Somebody had t"ld me
:. lul I.-ath-r' az course. kne" what leA'he'
Uas Int il seems There was company or
,rpet ,bat an the brokers called Leather Tor
short II dealt in leather. know We'll at the !
erst lul in the conversation at TINS dinner
l,anad across and said confidentially to the
banker. I say. Mr.. JoTgan, what Is your opih-
ion of LEATHER cob. very bad form muir
INJURED Mr Man's friend. hut go on
Mr. Jor-an looked a little surprised. hut he /
a,nar.rtlv knew exactly what meant Why. /
cid H.. smiling a little everybody has u wear
shoes. haven't they?'
We'll that settled me. / considered that as
a straight Zip from Mr.. Jorgan that Leather
was a 50, -ndid purchase The more l thought
OF it the better it seemed and when went
home. to the hotel that night let few oi my
woman friends there into the thing They all
said they would buy Leather. and bought five
hundred shares the next day myself My broker
explained an arrangement he had. called mar
gins They made il so that j could buy and
make the profit on lot more shares than !
actually raid for II looked like good thing
10 me and the broker assured me that IL made
a cleaner transaction for him to buy in big. /
round lots.
Well went on Mr. Man weariy, Jorgans
tip was the worst that ever happened The
stock fell fifteen points the next day after we
had all bought. My broker telephoned me for
more margins / asked HIM what he meant 10y |
that and he said money.' / told him that that !
wasn't the definition he had originally given
me for margins lie answered back and want |
ed to know if ] wanted him To sell me out. /
replied Yes, as have good profit
AS soon h free zcs over the only |
part Of his answer l could catch.
'"The second day Leather dropped ten points |
more and the broker had the phone |
before breakfast next morning. Where's that /
check he shouted.
What check? 1 asked. and then the broker |
became very rude.
You're shy on the game now he yelled To
me. and I've got to have $4,000 before 10 /
o'clock. DO you hear?'