Evening journal., 1913-12-03

church on last Sunday monlng preacher saidi IN
substance:
conhded his want TO broker. That's easy said the
broker Send me your check for 100000 The man
obeyed his broker and the broker sold 1000 shares of
New Haven short In an incredibly short time the
gentleman received a check his broker returning
not only the $4,000 margin he had put but $4,000
In addition"
IT would be interesting to know when and where
that transaction occurred and who the
beneficiary of We incline to the opinion that many
men who thoroughly converssnt with the stock
market and its operations will doubt that it
Cured No doubt they also Will think that the
ty of the pre- acher was played upon Jy some
person who did not hesitate to stretch the truth to
make point 1t is altogether likely that if the
preacher had taken the trouble to famliarize himself
with stock market conditions and brokerage prac-
ces and transactions he would have hestated to stand
in the pulpit and give public utterance to such story
The question why the church does not progress as
it should and draw laymen into it is a serious
that is being discussed this time in all parts
Of the United States particularly in the Of
population where the practical and material things
count for much in everyday life. The truth is,
the public has become intelligent through lib
era education and daily reading that it longer
is disposed to accept gospel truth everything that
il hears from the pulpit A must be based
upon sound common and to make ef
fectiye appeal to the lay mind Many preachers have
recognized that fact adapted themselves to It. without
doing violence to their convictions soiling the CLOTH
maintained their hold upon the public mind and
Many others have failed utterly to recognize
the fact and spend most Of their time wondering
why their sermons do not meet with greater appre-
citation in the communities in which they preached
and attribute their failure to what they fit to term
and spiritual decadence of man.
The preacher who wishes to discuss the stock mar
ket and its operations should make study of the sub
iect before Incorporating il in Many laymen
take kindly discussion of practical questions
by clerics who not possessed Of practical knowl
edge of the questions discussed The man in the pew
who goes there for instruction. does like to be
made to feel that he knows more than the in the
pulpit nor the the pulpit benefit by utter
ances which leave such an impression.
The inference conveyed to the public by that part
OF sermon quoted above is that if man wants a
handsome limousine. all he has do it walk
brokerage Office make his known, accept advice,
put up S1O00O take flyer in Wall Street In New Haven
9th stock and then sit back placidy until his
broker returns to him not only his $4,000 but also
$4,000 in addition, enough to buy several limou
snes Let assume reluctantly but for the sake OF
gument that the incident occurred exactly stated.
Anyone who knows the stock market is fully that
1t is easier than to That true though
the speculator the investor have perfect faith his
broker and that broker be perfectly sincere in the
advice given. Thousands OF who have gone into
the stock market hunting for lmousnes have limped
out on tOOL lt would De easy 10 count those who
have ridden out In the objects Of their quest
Brokers are not infable. If they were they would
need no customers but. by specuating their own
account soon would own the earth and all there is
in It. The man who thinks he knows it all and that
he cannot make mistake in business is in immediate
need Of conservator for his property il noe for his
person. That is especially true Of the who oper-
ates in the stock market which is not has
been and will be free from the element Of un-
certainty for any man, matter what his position
may be in the business world, whether he be a
broker. speculator an investor.
Nor does a broker who values his business and his
reputation attempt to infable advisor when
a customer goes to him and asks his advice AS a
rule he is exceedingly careful in giving il and seldom
fails to remind his customer of the risks involved
Generally the broker who pursues cock-s0re advice
policy ends by running his customers and in too many
instances. himself We know Of several Wilmington
ians who followed the advice Of such cocksure brok
ers and who today either penness the verge
OF despair II chanced that their brokers advised buy
ing when they should have advised selling. We also
know, of local brokers who have been driven TO the
wall and ruined because they failed TO take into ac-
count that great element Of uncertainty which always
exists in Wall street for the shrewdest of brokers
and operators
Human faubuity is one of the checks and balance.
by which IN al-wise Providence preserves the racial
national municipal, social equilibrium
OF the world. There have been racial national anc
individual approaches toward nfalibiity, the goa
has been reached and never will be, because Il
is not part of Natures plan.
There are doubtless many members of the congsega
ton of the preacher above referred who are long
ing limousines and other things which only none,
can supply. We trust OF them will be s,
unwse to take the pulpit story seriously and at
tempt to get the things in the way described ma,
be big temptation, but it should be resisted ever
though i. sound easy We do not think the preacher
himself would wish them TO take his story literally
Perhaps he lost sight of the fact that story
coming from the pulpit would make strong appea
to the sordid side of mans nature and mpel him L
take chance We have idea he did not take int
the fact that many have been starte
upon careers of speculation by such tales of hoy
easy it is to make money in Wall street
The story cited illustration of the cas-
!