Richmond dispatch. [volume] (Richmond, Va.) 1884-1903, 1902-11-16
Power
Deacon" Whites business rules for

Deacon" Whites business rules for
business men:
!. Live up to the letter of your prom
Use, verbal or written, though it takes
years to fulfil the pledge.
2. In speculative gements re-
member that the twentieth century
traders are giants compared to tho
traders Of old, and that operations
henceforth must be conducted with
due regard to changed conditions.
g. Success in Wall street, as in all
other business, can be achieved only
by literal hard work In keeping abreast
abreast of the era and keen percep-
ton Of the psychological moment to
take a profit or suffer q loss.
1. Make your word as good as your
bond and be as swift as the swiftest
in greeting opportunity when 1t knocks,
or evading disaster. when it casts a
shadow.
pace, and 90 not enter a long-distance
competition when trained for shot
dashes only.
NEW YORK, November 14.-iSpecial.)-
After forty years Of ripe experience IN
the strenuous life of Wall street, and all
that time a factor in its exciting scenes.
Deacon Stephen Van Cuten White, on
the eve of his retirement from the active
stage has summarized for the future
macnates of the bourse a terse code Of
business rules.
Mr.. Whites retirement as a member OF
the Stock Exchange after thirty-two years
as one of that body marks an epoch IN
the street
His candid confession that he finds the
Walt strsel pace too swift for man
OF more tl.an 20. and the brief enun1era-
ton of the few rules which every young
aspirapt for wealth, success and prestige
in the. field of speculation should bear IN
mind. are alike typical,
a Pleasant Life Withal.
Mr.. Whites career in the arena Of
speculation is we'll known. In the forty
years he has spent In the busy center
around Broad and Wall streets are crowd
ed many plea santana only a few bitter
memories.
A man who witnessed Black Friday and
Blue Thursday. and the all the parti-col-
ored days which in four decades obtrude
themselves upon a. Wall street operat tor,
is qualified to speak of financial condi-
tions, the causes thereof and the outlook
for the future.
But Deacon White was always reu-
cent He said little when he was caught
in the collapse, Of his corn corner In
1891 He was equally reticent when sue
cess came, and now he IS preparing
to step from the arena he deprecates To-
quacity.
National Prosperity.
National prosperity" said Mr.. White.
has not yet yet reached Its apex. The
will not come while the great
American nation is working, pushing. ad-
vancing, developing.
THE financial power, on the contrary.
Is we'll up to the limit. Everything Will
adjust itself before long. The normal
level will soon be found. It need not
surprise any one if, when this level is
reached, it is found to be higher than
former normal levels.
THE magnitude of modern transactions
is so stupendousy now in comparison with
thirty, twenty. ten-even five
years ago, that it is hard to grasp the
proportions. e
"rThe present decline in prices, which
is indeed severe. is doubtless more con-
spicuous now because OF the immGse
activity OF trade which has used up In
Vulnerable millions.
.'In my opinion money Will be easy IN
the United States after the January dis
bursements have been made and the crop
movement IS over. The spring months
CONTINUED ON PACE SIX