Vernon County censor. [volume] (Viroqua, Wis.) 1865-1955, 1910-07-13
All After Wall Street Money
How the Money Kings Reward Lawmakers Aid Society
Leaders and Dispense Charity

James X. Meme III me hoCking GOal
and Iron inquiry. when the veteran
operator was asked about his dealings
in the stock for the beueht OF bis
friends at recent hearing in New
York.
i try 10 make money in the stock
market for friends. said Keene.
They are mostly women and poor
people. If the ventures are successful
send them the profits; Ii not. /
charge the losses to myself"
keene is only one of many market
operators who attempt to make money
in speculation for otheFs-not only
friends, women and poor people,
but all sorts and conditions of people,
from bright Office boys and pretty
stenographers 10 nec1y leaders or
society and infiucntiai members of the
state and national governments. Char
ity is dispensed to the needy, pay
mentg are made for services. brides
are given to lawmakers in the form OF
speculative profits. Wall streets leo
gers are covered with those private
speculative accounts, the exposure or
which to the public view would tell
myriad tales of human interest--trag,
edies. comedies and romances.
The private accounts of Wall street.
revealed to the gaze of the curious.
would explain many mysteries. II
you could deIye into the carefully
guarded ledgers of big Spectators,
promoters. bankers and financiers, you
would learn that money buys nearly
everything that man desires, and that
nearly everybody has a lust for the
golden gains of the market place
Many man would spurn an out
right gift of money, as charity or a
bride. gladly seizes the opportunity TO
accept charity or a bride in the form
of a profitable speculation in the stock
market II is a distinction, of course,
without difference. If State Sena-
tor sells vote for a 81 900 bill handed
to him in sealed envelope there Is
great hue and cry But a fellow
Senator may be looking after the in
terests" of some corporation and taxi
ing his pay in stock market deals
without thought or fear Of exposure.
A woman in society. finding her ex-
penses exceeding her income. would
spurn the thought of asking her
wealthy Wallstreet friend for money
with which TO pay her milliner ana
dressmaker, but she is unashamed 70
ask him to buy Street or Reading for
her. expecting him to pay her the
profits and say nothing about the
losses.
Making money In the stock market
looks to be such an easy thing to the
outsider You. only need to get a tip
from big financier, give an order to
a broker, to buy or sell and then In a
few days or weeks you make thou
sands of dollars What could be
easier? Even the big nouveau richie
spectators become infected with this
delusion The plungers make money
rapidly in big markets. and they thinl.
million or two by guessing the ticker
tapes story. Their sycophants and foi-
lowers encourage them in the delu-
sion. An old world potentate di tri,
butes favors in the form of titles;
the Wall-street plunger rewards his
courtieTs by carrying stocks for them.
II. II. Rogers, the speculative leader
of the Standard Oil crowd, was sur
rounded by fawning courtiers of high
and low degree, all seeking the gold
of the market place. Rogers was a
big operator, and be made fortunes
for many men. He likewise caused
many of his followers to take huge
losses. His market advice was by no
means infallible and some men were
nearly ruined following It But this
never caused his following TO grow
less. The men who sought HIS market
tips came from all walks of life-tne
law, Journalism, the bench, trade man
ufaeturing, society. Rogers sometimes
carried stock for men whose friend
ship he desired in business; more
often he simply advised the purchase
of particular stocks, like Amalgamated
Copper, Consolidated Gas, Union PACT
&c or st. Paul. His tips TO buy ANAL
gamated Copper usually went wrong
How many millions of dollars were
lost by spectators and investors who
bought Amalgamated on the advice OF
Rogers will never be known, but tnesa
losses were notorious
Il never could determine" said a
man who knew Rogers intimately,
whether Rogers told his friends TO
buy AmaIgamated from enthusiasm or
cold-blooded-ness, but few who knew
him were ever greatly impressed by
his enthusiasm.
One Of the men who bought Anal.
gamted on Rogers advice vas very
wsllknown member OF the bench. His
investment soon ran into a very large
loss, larger than he could afford 20
take. In his distress he went 70 a
leading market operator for advice
The Wall street man. wh0 knew
Rogers. at once went 10 the Standard
Oil leader and told hun that he must
relieve the Judge Of his burden.
Rogers. while diselaiFaing responss
bility for the Judges loss, consented
70 take the stock on his hands ana
sboHijer the loss
The intimate relations between Al.
banv and wal street have icag peen
a matter Of common knowledge down
in tia financial district. Now the pub.