The Bamberg herald. [volume] (Bamberg, S.C.) 1891-1972, 1914-04-16
WATERS BECOME RICH.
Become Wealthy as Result Of Tips
They Receive While at Work.

The average wage of walters is
only SO cents a day, but that does not
prevent them from being the most
persistent among the small specula-
tors in Wall Street, says the New
York Press, They like easy money,
but they are shrswd. Just now they
are playing the game with rather
more vim than usual. Some big tips
cn the markets have been passed
around among them, and they are
keeping attentive eyes on the ticker.
Walters who serve in the big hotels
or restaurants that are patronized
by the heavy spectators get all sorts
of first-hand information from the
conversations they overhear. Some
times it is in regard to stocks, and
sometimes about real estate.
The men seated at the table usual
ly pay little or no attention to the
one who waits on them. The more
prompt and the less obtrusive the
waiter is the better they like him.
Nine times out of ten they get up and
20 away without having the least
idea what he looks like. On the 9TH
er hand, it is the part Of every hrst-
class walters business to remember
names and faces and gossip and to
store them away in his memory.
Therefore, by comparing notes with
other walters, he gets fair idea as
to whether the scraps Of information
he overnears are to be relied on or
not.
There is one illustrious case of
waiter at the Holland House, who
was given a running start by Charle'
NJ. Schwab. This happened 10 or 1
years ago. This waiter was sollcl-
tous whenever Mr.. Schwab appeared.
Mr.. Schwab noticed it and liked it
and responded 'liberally. One day
Mr.. Schwab gave an entertainment
and this waiter excelled himself. Mr..
Schwab called him over, compliment
ed him highly and told him he was
pleased with his attention. He con-
cluded by saying he would be glad
to do anything he could for him at
any time. The waiter thanked him
warmly and the matter rested for
week or more. Then the waiter, at
an opportune moment, reminded Mr..
Schwab of his offer and said he would
like to take advantage of it. He ex-
planned that he had little money
to invest and would be grateful If Mr..
Schwab would suggest a good stock
in which to deal. Mr.. Schwab was
thoughtful a moment, and the opin-
ed that American Bridge was a fine
investment. He added that it was
selling at a low price, and, in his
opinion, was sure to advance soon
The waiter expressed thanks for the
advice, saw Mr.. Schwab to the door
and bowed him out.
Within month from that time Mr..
Schwab, who, like other large fnan-
ciers, had an active and efficient staff
to gather information for him, learn
ed that someone was buying Amerl-
can Bridge in respectable quantities.
Further inquiry developed that this
person was not a broker, but some
one outside of the street.
Mr.. Schwab's investigators dlscCv-
cred that the man who had bought
between 10000 and 10000 shares of
American Bridge on margin was
waiter at the Holland House. 1t was
the waiter to whom Mr.. Schwab had
given the tip. This waiter had been
making good use of all his tips, both
monetary and market, in quiet way,
and had accumulated considerable OF
a fortune. When he got Mr.. Schwab's
advice he played it to the limit, and
cleaned up many thousands.
There is a head waiter at one of
the big hotels much frequented by
heavy spectators. He is credited
with having a fortune of at least
100000, but he never passes up any
twenty-dollar tips. Recently he was
seen to go to the Office desk and ask
for his strong box from the safe. He
opened it, took out handful of
bonds, went away and busted himself
for a time cutting coupons.
How much did you cut off," he
was asked.
This is bad month. / only cut
off $780," he replied. But wait un-
til next month
Several of the proprietors of large
and fashionable Broadway restau-
rants started in life as walters, and
there are others, who are walters
still, who are wealthy. One of the
1atter class owns an apartment house