Richmond daily palladium. [volume] (Richmond, Ind.) 1876-1904, 1902-01-03
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Navigation in Wall street waters Il
/ dangerous because the rocks are all GU
of sight. When you locate one by strIh
ing H. they shift To another anchoring.
Wall street on dry days atauses IL
self by soaking the public: also on We
days and other days.
.Directorships III trusts carry witt
them sacred duties. hard work and III
emolumeHt. There are exceptions wners
directors are diiatory in operating or
their advance knowledge thereby TAX
! ing even chances with the Stockhol..s -
They are rare exceptions and when It's
covered are dropped
THE ticker rests upon the Sabbath
TO bury its victims.
"Panics fall alike upon the shorn and
the TO be shorn.
The ticls,r first asks. What do you
think I'm going to say: then says the
opposite
There are two kinds of pilots In
Wall street waters-the licensed and
unlicensed Each is worse than the
other
when you are long and they're
dropping. its purgatory: when you are
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 care
fully prepared itinerary.
Nothing succeeds like success
except inside information.
wall street advice is free, and it is
worth it.
1.-THE public brings its wealth to Wall
street. aud. owing to the frictionless
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 are
bought and sold for the public. Wall
street receives $25O.0o0 in commits
sions, yet those who should know bet
ter say brokers are not producers.
"Ofttimes few yards of tape con
tains more history than all of the vol
umes of Macaulay or Bancroft.
when you gamble in stocks. 1t is
you against the world = one mind
against millions.
There are many philosophers in
Wall street but they're all broke.
1.-The ticker every day at quarter
past tells the victims the time. 1t
appreciates that they had watches
earlier in the game.
1.-THE ticker blasts more lives than
rum and cards combined
"A swarm of bees visited the Stock
Exchange. but were SO ashamed of
their inactivity that they left in a
hurry.
almost any good mathematical sys
tenn can beat the ticker to Il st.lndstill
before 10 and after 3.
''If the garden of Eden had been in
Wall street. Adam would never have
got even n bite of the apple.
"Aristotle must have been flirting
with the tape when he said the world
was made up of two kinds of people
liars and liars.
'Tickery. tfckery. took.
The lambs ran after stock.
The stock it turned. and the lambs got
burned.
And now they're all in hook
"Almost all directors of modern
trusts are yachtsmen. The reason
capital affords mooring the year
round.
"A lie well told in Wall street is the
truth
Zone of the fundamental principles
of modern finance and the one to which |
America owes much of its enormous
wealth. When stock has advanced to
prohibitive high figures. double the
capitalization and repeat
when Wall street holds huskins
bee. insiders get all the red ears.
"A straddle is a sort of half sister, |
bride-one Of those puZ |
Zling creatures who don't know wheth-
er to go back to ma. elope with broth I
er-in-law or settle down and be prim.
..Hark. bark the dogs do bark.
The coppers are tumbling down:
There are some with bags and lots with /
Jags.
And they'll surely bust the town
Upon the frontispiece of the calendar I
appears this inscription. Re & . Nj B
o." which translated means Errors
and omissions must be overlooked" a
of a device by which brokers
in submitting statements of speculative
accounts to clients limit their liability.