The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1903-05-31

speech. Moreover he seemed sincerely sorry
Eoodby 20 the man whose departure meant promo
tion-vhich was the incest compliment of all. And
the other clerks-old Williamson, long since ambition
middIe-aged jameson. who knew he could the
business in out the oflce-an told him how good
he had been and how sorry they were ne would no
longer be with them, but how he going TO do
so much better by himself. ana they hoped he would
not cut them when ne met them AFTER ne aad pc
come a great millionaire. And Gilmartin felt his
heart grow soft, and feelings not ali Of happiness
over him.
Gilmartain had been eager to go to Wall street But
this leave-taking made him sad The old Gilmartin
VINO mad worked with these men was no more anu
the new Glmartin felt sOTry. He told them very
simply he did not expect ever again to spend such
pleasant years anywhere at the old Office. If he
had his life to live over again he would try really
Yer eCTr 80 -, 49, ", 500, he an,
eIy SoIIy' Dogs very sorry very SOrry. ne hli-
about to 90 on Journey from which he might never
return-and in his heart of hearts there was new
doubt of the wisdom of going to Wall street But 1t
was too late to draw back
Everybody in the drug trade seemed TO think that
Gilmartin the high road to fortune Those
whom he happened to meet in the street cars in
theatre Hobbies always spoke to him to million
street jargon. Their efforts made him smile with
sense OF superiority al the same time mat thelr al
rauon Tor MS ceVerness made his soul thrlll JOY
ousy. Among his new friends in Wall street also
he found much to enjoy The other customers-sorne
OF tIlel very wealthy men--stehed TO MS views re-
gaTding the market attentively. The brokers them
him into trading often-every 100 shares he bought
or sold meant $3.50 to them-and when he won they
soothed him by scolding him for his recklessness
From 10 to they stood before the quotation board
and watched a qUick-witted boy chalk the price
changes. which another of the customers read
aloud from the tape as if came from the ticker The
higher stocks the numerous the custom
ers became. All winning. for all buying
stocks in market Life to all of them was fun
joy. The very ticker sounded mirthful. And Gil
martin and the other customers laughed heartily at
the mdest of stories without waiting for the
great game.
When the slump all were heavily committed
to the bull side It bad slump. 1t I'M
expected-by the lambs-that all of them said very
EIaVey IL came ike thunder-clap out OF clear SKY
While il lasted it was very uncomfortable. Those
same joyous winning stock gamblers, With oeamlng
Lce CT me week DeloIe were Ledr-cIutcneC iOsillS
stock gamblers. with faces what they after
ward called the day of the panic It really only
d stump; rather sharper than usual Too many lam os
had been Over-speculatmg The wholesale dealers in
having SOLD theIn 10 the lambs ana WaIIIea
them back nOw-cheapeT- And the fast horses
some had all but bought Joined the steam yachts 9TH
ers almost had chartered And the demosher Of
dreams and dwelling the ticker that. instead OF
golden jokes, clicking financial death.
81, heir own ruin told in mournful numbers by the
Ittie machine. fascinated them To be sure, poor
Giimartn said. I've changed my mind about New
do Roof Ana he grinned: but he srinned aIone
Wilson, the dry goods man. who laughs so joyousy
hypnotic spell the lips of the man Who sat on the
high stool beside the ticker and called out the prices
10 the quotation boy Brown, the slender. palefaced
outside in the hail. pacing to and fro. All
was lost including honor Gilmartin came out from
the office, Brown and said. with sickIy bravado:
ducats- A sporting life comes high tell YOU
But Brown did not heed him. and Gmartin pushed
lay He not only had lost the paper profits he had
accumulated during the bull market. but all his
ifngs Of years had crumbed away beneath srekes
Of the ticker that day.
After the slump most of the customers returned to
their legitimate business Gilmartn. after first
in the drug business But his heart was not in his
search. There the shame of confessng defeat in
far stronger this was the effect Of the poison of
gambling. few lucky weeks in the stock
He saw it now very clearly. Every one Of his mis-
takes had been due inexperence- He had gined
he could reasonab IL hon 70 siIc,se5 Pyo-eT %
piled. this wisdom ought mean much him. In
quotation board gossiping with those customers who
time passed the grip of Wall street his soul grew
stronger until 1t strangled all other aspirations He
could talk. think dream og nothing but stocks He
could not read the newspapers without thinking how
- market would take the news contained therein.
The atmosphere of the street. the or specula-
ton surrounded him all sides, envelOped him like
Ios rom Whlch the Things of the outside world ap-
peared as though seen through veil. He lived in the
district where men do not say Good morning." on
IuseIlIls one diloILler- put How the market? or.
answer. 'Bush'' or .Bearish.' instead Of a reply
regarding the state of health.
At first. after the fatal slump Gilmartn impor-
small way. They did They were kindly enough men
and sincerely wished to help him. But luck ran
against MIN With the obstinacy of interpretations
gamblers. he insisted fighting fate. He bull
in bear market: and the more he lost the more
bought in expectation OF it, and lost agak and again.
until ne owed the brokers greater than
possibly pay, and they refused point blank TO give
him credit for another cent disregardng his vehement
entpeaties to buy last hundred lust one more chance
the last. because he would be TO win. And. OF
course. the Ong-expected happened, and the market
went up with rapidly that made the street blink
and Gilmartin figured that had the brokers re7
fused his last order. he would have made enough to
pay off the indebtedness and have left in edition
$3.50, for he would have 'pyramided' on the way
He showed the brokers his figures accusingly.
they had words about it and he left the Office
almost tempted to sue the firm for conspiracy with
intent to defraud.
: When he returned to the brokers' Of1ce-the next
t-yhe began 10 speculate in the only way ne could
-vlcariously Smith. for instance. who long of
70 ST Paul at l25 took less interest deal than
"a Giiinartln who thenceforth assiduOusly studied
lie new slips and sought Information
yer the street listening thrillingy tips
ors regarding the stock suffering keeny when the
price declined laughing and chirrupng blthely if the
s'otatlons moved upward, exactly though II were
s own stock indeed i'm some cases his interest
so poignant and his advice so frequent-he would
speak Of our deal-that the lucky winner gave him a
small share of his spOils which Gimartin accepted
without hesltation-he was beyond understanding by
nOW-and promptly used 10 back some miniature deal
OF his the Consolidated EXCHANGE in,