The Waterbury Democrat., 1946-01-15
TICKER TAPE TOPICS (Wall Street EdltlonD

tN0Al SsFeet Boitoal
 Wan ssreeters are roofing for the millionaire office boy who was hired Co learn the brokerage busi- ness ct S22.50 per week, end drives Co work in Q Cadillac limousine, tWhltehouse es Company has hired rIed oebhardt, Jr, of the General Cigar fortune)
 Nlm Flske was one of the fabu- iclb robber barons who roamed Wan Street years ago. He partici- paied in many of the financial pier slxers which rocked the nation, Fiske won and lost several for tunes. When a reporter asked him what he had learned about playing the market, Fiske retorted: 'If you make money, it Is the result of ju- dlclous speculation and shrcwd in- vestment. If you lose money, it is the result of gambling on the mar ket.S
 1t was win Rogers who cracked: 1: s'Eor every bull and bear in Wall Street there are three goats and jackassesl"
 woodrow wilson was once cor- nered by 0 Wall Streeter who griped that the Government was spending too much money. He demanded to know why politicians were leery of wilittling Govt expenditures. Will son intoned: "Thc main difficulty about cutting off the expenses of Govt Is that practically all the expenses can vote"
 When ambitious youngsters sought J. P. Morgans advice on how tSNget started on a business career, ha counseled: ''The first thing you must do is sell your wrist watch and buy an alarm clock"
 Among the financial districts weisenhe!mers. Floyd Odlum is rated as the most willy tycoon operating in Dollar-Sign Alley. When Odlum is asked about his methods, he invariably replies: You buy when the other fellow sells, and you sell when it looks rosiest."
 
 During the Winter months new employees in stock brokers offices have this silly pulled on them by the office cut-up. The Smart-alec whispers that he knows something that is now % but within six months he is certain 1t will be over pC. When the excited newcomer asks: "What is it?" he is deflated with: '"rhe temperaturel"
 Reporter Lincoln Steffens' first assignment consisted of an inter- view with @ stock broker whose partner had mysteriouSly vanished. But the broker refused to say any thing about his missing partner Steffens then changed the subject. They talked about Wall Street and related their biographies to each other. After gabbing for two hours Steffens was convinced that tie missing broker was guilty of no more than romantic escapade -. Suddenly the broker got up and said: "Well, you are persistent ecn-of-a-gun. I'll tell you what yuu seem so damn sure of anyhow Nv partner skipped and took every cent we had" It was 8 cub re- porterss dream come true--a front page Scoop on his initial assign- hient.
 A subway guard, who patrols the financial district, has sensayuma. He shouts: wall Street-Watch your stepl"
 ". H. Vanderbilt's phrase, "The public be damnedl" has been used bv historians as an example ot Wall Streets callous attitude toward the public. But here is the story behind the phrase: A brash, young, 1ree-lance reported once sneaked inc 70 vanderbilt's private railroad car He was having dinner with friends, but the reporter demanded an in- terview pronto. vanderbilt asked him to wait a few minutes, but the newsboy was insistent "1t's late" the reporter said, "the public
 - Furious at this impertin- ence, Vanderbilt interrupted: '"The public be damned!" Editors re- fused to run the yarn when the re- porter explained how he had eX- torted 1t. However, he finally solt