Evening star. [volume] (Washington, D.C.) 1854-1972, 1913-12-21
IS PLANNING TO SCALE
ITS HOLIDAY EXPENSES
New York Reduces Cost of Giving,
But Improves Christmas
Spirit.
'.Spug" Movement Extends to Wall
Street-Bankers Align With
the Conservatives.
Special Correspondence Of The Star.
NEW YORK. December 10

NEW YORK, December 10. 1913
New York's apt to have a little Christ
mas for about a cent this year. But it's
fair guessing that the Christmas spirit
will be a better quality than in any re-
cent year, not even excluding 1907.
That says Wall strickland before
New York was spugged it's Christmas was
| footed to the Wall street tune-"that was
the grandest little Christmas ever. We
went home with twists of money in our
ears"
| The rest of the country was busted 1t
was in the middle of panic times But
| brokers get just as much for selling stocks
as they do for buying them. Every brok-
er who had not been fighting the market
had his safe stacked with soft money. In
such times giving is as wide and thought
less as the Mississippi. It was the stingy
| and picayune little house that gave as
| small bonus as 10 per cent Dozens
gave their clerks an amount equal to their
annual salaries.
This year. said a banker, five or six
houses may give boom-time presents to
| their employees. But most clerks will be
tickled to get word that they may hold
I
| happiness in that sort of a gift in this
sort of a year than in being given a hat
ful of money when folks are fiush''
Favorite of Christmas Fortune.
The only real favorite of Christmas
| fortune on Wall street this year will be
James n. Wallace, president of the Cen
trail Trust Company, if gossip is correct
| Every year he gets $4,000 from his
adoring directors. He will get that sum
this year.
They're afraid he might go some
where else if they got to holding out ON
his stocking, said observer. He
is the finest handshaker west of the
| crystal Palace, London. He has hand
shaken his company into more good
things on Wall street than any other
four men in the district
| All brokers who can will hold on for
lc14. of course. They're optimists by
/ nature. Also they think they have rea-
son to believe that next year will be a
better year for them than last year-in
which, according to one unofficial Stats
tician, the stock exchange earnings OF
! the financial district did not average
$500 per broker. They have been able
to hold on to their offices because in
the last few years many of them have
built up an investment rather than a
purely speculative business. But while
many diamond cavaliers for then
second cooks.
| Its safe to say that $2,000000 less
will be spent for jewels in the 9TH ave-
nue. shops this year than during Christ
mas time of a fairly prosperous year y
said the manager of one of the great
stores. That may be a most conserva-
tive estimate.
Tony Is Fired"
Last year Tony worked for Sc week
in an uptown store. Five dollars covered
his necessary expenses. For ten weeks
he had held out 81 a week, in order te
buy a warm coat for his mother. The
week before Christmas the Office snitcf
came to him.
We're getting up a purse for the man
ager, Tony" said he. I've put you
down for So
Tony told the snitch with considerable
Ella boration and attention to detail where
he could go. and when. He was fired
that night. Tonys mother didn't get the
warm coat, but it is a pleasure to state
that the office manager got bunged eye
Tony is today perhaps the only pugilist
Spug in the world. Most of his income is
derived from fighting semi-fnals. Be-