The Wichita daily eagle. [volume] (Wichita, Kan.) 1890-1906, 1903-09-13

/ bers had been satisfying themselves IN
! dividualIg, had tie that bound when
/ they came together in the cafe COM
bination was as natural as II was IN
evitable
When values began soaring they scared,
too. In the early days Of the sreat bull
market everybody had money Hundred
dollar bills that had formerly looked as
big as circus posters shrunk until they ap-
peared to be no / arger than postage
STAMPS. Stories were told on every cor
ner of how clerks and messenger boys
and walters and school teachers and
truckuen had become rich through buy
ing stocks. The country was money mad.
Nor did the mania escape the Waldorf
crowd. They were men of large affairs
and used to big transactions But tney
inflated with the general tide of prosper
ity. They were fortunate and they push
ed their luck. Always spectators. they
became spectators in the superlative de-
gree They bet for the love OF H. The
money they wagered was but the medium
for the delightful. harassing, stimulating,
nerve-racking excitement of the game
They met night after night in the Wal
dorf Money was coming so easily that
they spent it lige water even as they
had bet il like sand They plunged on
every possible proposition. They gathered
information. They made deals They en-
sineered combinations. They had the
knowledge of stocks and market conoi-
,iors AZ their fingers ends They put
heads together and originated campaigns
on this security or that They ran the
whole garnut. and all for the fierce de-
light of betting on what they hoped would
bappen. what they planned should hap
pen. what they fixed 10 happen or what
they thought would happen
The DAYS were not long enough. Win
them started the plan # trading IN the
London market Time was when the Lon
don market was controlled by English
men. Lately Americans have had much
n do with the values in il The Held
was fascinating one When II i y
o'clock a. m. In London it Is 5 o'clock in
tbe morning in New York Why not stay
up until early morning. get 5uylns o.
selling orders in London BY cable. get me
advantage OF whatever movement there
was IN London and then, when the Lon
don quotations come 20 New YORK. II
suenced by New York. take Ire same
advantage in the New York market
WHY not. indeed? The hours for action
were heightened. Tbs opportunity 10 Del
was doubled almost Just ire 1hihs-
said the Waldorf crowd
The mere loss OF sheep caused no ap-
,-shsnsion What sort of a man IS one
who would sleep when. by staying up. ne
csn %, a chance 70 bet2 The fever was
in the blood
So they went for several wearing years.
living iuxuriously. gaining and losing
large sums OF money. Planning couPs that
we're sometimes triunphs and sometimes
1ascos. but always betting. betting. BET
ting
Than N. s-r came The bear movement
began They Jumped II WHAT'S he obs
whether vou by OF sell as long as you
-. o,,ick results Bu. operating n
bsu market IS vastly different from oper-
s-s-r q = bear market When stocks
are Eosng u ard he puzzle Is il 'here
& nothing - bat the public In q hear
marker men IKE the wal8o-1 crowd are
rat heating the public They are rrTiug
q beat men snst as skflfui. 5ust as -
sourccful. Just as wise and JUS a. eou--
areous as they are They are aehtiaE
professionals. and The hght = hard AT
stern and 70 the death.
That Is what Is Tire matter VIII re Wal
DOR crowd now. TAey are net 1saiizg
With the sAee7lfks rueI.=- TasT are out
II she open WIKI men who know -
game Ard x Is hard xa-k. t7Es-s heart
breaking work TIE pace IS beginning .
tel
Vow nature is --cashing IN CT the wal
3o-t crowd. and nature demands evsET
cent