Evening capital. (Annapolis, Md.) 1884-1910, 1906-03-02
ODD WAYS or Wall STREET.
Some Lucky One Have Won IN ths
.'Streetr-Thousan Have Lest


bothered men in generations past is
now a potent source Of worry and bids
fair TO affect master minds OF future
generations seriously.
Much more easily might one write
about The losing ways Of Wall street.
Many people have come TO realize the
TACT that the stock exchange is not
built for charity; that il is a business
proposition. and some even 90 SO far
as to say it is game Of chance.
Few men In their lives have not
hcen tempted TO contribute few del.
lars in order 10 either bull" or bear"
The market. II is safe TO say that a
majority Of these have been bitten
man who. probably toiling early
and late has managed 10 accumulate
e few dollars thinks perhaps there is
A chance for him TO become rich He
takes his money. goes down TO a
brokers Office. and in 80 cases out u
une hundred he finds that his money
has been swallowed through manipu-
lation Of the market or maybe
through 4 legitimate rise or fall in
stock values But the man has a
chance with his few dollars He has
tip. probably, that his stock is go
ing UP and, perchance. he may put
his dollars on some particular stock
that he has some information about.
He buys because the stock has
Jumpcd 10 points and is in fair way
% go higher
With small sum of money the
best way TO do is to play the pyrs-
mid game said well known
broker 20 a News reporter This in
horse racing circles is similar TO par
laying a bet. he explained
"Pyramiding' on the stock ex-
change. just like "parlaying at the
race tracks, would mean to the bust
ness man the investing of money at
compound interest. The reader viii
understand that it is a case where
both money and winnings are rein
vested in a new venture.
There was a case just recently
where a tip was received from Chi
cago that a certain stock would go TO
IS. and it might be well TO buy.
Late the same afternoon an order
was received and the one man who
took advantage of the cue walked
away with small fortune, and the
traders are now expecting TO see him
appear as one of the leaders on the
exchange.
This man was of the small investor
class and had pooled a ten dollar bill
with friends, who could risk but SINH
lar amounts. He won. He had been
led along by the Winning Ways of
Wall Street" but. unlike many other
little plungers, he walked away with
eoidbacls.
There is no authentic record of the
disgrace or unhappiness. the wealth
and happiness brought to thousands
who have taken chance" with
Dame Fortune with small amounts.
either to end their careers as great
fnanciers, criminals or suicides
For years bankers have employed
private detectives to watch their en-
ployes. not especially doubling their
honesty, but to prevent their becom-
ing inoculated with the Wall street
"get-rich-quick" disease.
From telegraph operator the
writer learned that $4,000 had been
taken by a small speculator on a sir
gle deal This happened within six
months. when the investort put SO on
one stock
He permitted the surplus to grow
and finally invested I'm another stock
This went from is to 81 He was ad.
vised to close out at that point, but
suggested that it might be well to Let
e go TO IS. He finally took the adj
vice OF those 10 whom he had en-.
trusted his money and thereby saved
the whole amount
From this one deal a "tipster''
earned $4,000 The tipster' is one
of the requisites in dealing on the
change He is as common as is his
counterpart, the tout at the race
track. although at times it happens
that even the "tipster" may be
wrong
He Is no oracle. He simply follows
the market as does the race track
tout and gives expression to his opin.
ions. which are generally subsidized
Though the path of the small in.
weston" is beset by such obstacles as
the INSCRIPTIONS "tipster" acting in
league with irresponsible brokers' it
does not follow that the small invest.
or is wholly without blame.
The quick accumulation of wealth
is the ambition of so many that there
must necessarily be a moth and
flame" story often.
Small spectators, said the old.
timer on the street do not compre-
bend the conditions of the market in
most cases. hey buy without study.
ing the previous status of their stock
and they cannot understand why II
should drop when it started to rise
and they care nothing for national or
state legislation affecting quasi-public
corporations, which is a vitality i'm.
portant factor in the stock market
There are secure and insecure
stocks he continued. and must
ray that our small investor is more
apt to place his money on wildcat
schemes promising big and quick re
Turns than in stable investments
which give slow but sure results
"Oh" sighed the old-timer, "as he