Men and Mysteries of Wall Street (Paperback)

Men and Mysteries of Wall Street Book Description

This historic book may have numerous typos, missing text, images, or index. Purchasers can download a free scanned copy of the original book (without typos) from the publisher. 1870. Not illustrated. Excerpt: ... CHAPTER VIII. HABITS AND HUMORS OF "THE STREET." ONE of the finest characteristics of brokers is their generosity. There are few mean men in and around Broad and Wall Streets. The miser instinct is impossible. Dealing with money values constantly, they attach to them more accurate ideas than is the wont of portions of the outside world. They know that greenbacks are for use, and although in no region are there such opportunities for making the most of every dollar, there is probably not a community so liberal and free-handed, so considerate and kindly, in the employment of its surplus resources. They lend to friends with a superb carelessness for receipts or times of payment. They give largely to charities. Churches in need of funds, colleges seeking new endowments, benevolent institutions that do not care to imitate Miiller's " Life of Trust," send their broadcloth beggars into the down-town offices by swarms. Every great banking-house has a host of such applicants. Sometimes brokers will mass their benefactions in one great gift, like Messrs. Trevor and Colgate, who placed two hundred and eighty thousand dollars to the credit of a Baptist church at Yonkers not many months ago. Others distribute their largesses more evenly, and the number of those who have bought certificates of life-membership in Bible and Missionary societies is simply legion . They take the certificates at par, and neither sell nor employ them as collaterals. But it is not merely in what we may perhaps call routine charities that brokers evince their munificence. The instances are common of young men, just breasting the tide of luck or loss as operators, who support mothers or invalid fathers in elegance, send their brothers to college and their sisters to the musical conservatories...

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