Show i i I WHAT WALL STREET COSTS Frederick Upham Adams Ada In m the May number num r of ot Magazine fig figures figures I ures it out that it costs a year to keep the Wall Vall street game same going In III other words 1 is taken out ef of o f the th e pot before there is any possibility of or winnings being di dl Wed Mr Ir Adams Ad ma calls arils It the kitty a term well understood by b the gam gem gambling hung bling bH fraternity and a few others It Itis Itis is ill n a species of or gambling of or course coun e and ancl the tile game is iB very v ry much like keno the percentage eating up all the money mone moneIn in ht sight If IX the same ame players er continue to peg cards card The t dropping in of or new newcomers newcomers newcomers comers to take tahe a chance eh anee keeps the keno game going oln just joet as the advent adent of new crops CIO I of lambs saves savea the game en Im Wall Vall street i iSome ISome I Some MM W HI a of the way money is Js burned bunted up for expenses may be gathered gath sath gathered ered from the expense accounts of or two firms which recently rap ran IR into shoal water and stuck stack It rest cost e st A O 0 Brown Bron BronCo Co declares deeres Mr Ir Adams dams a ayr year yr to run their mam main office in Broad Brood Broadstreet Broadstreet street treet of which sum was for salaries eateries It cost the firm Ann mere more than 44 a year to operate its branch brandl in inthe inthe the Hotel Plaza The total annual ex pease of 0 operating the main office and branch offices in New few York and other 1 cities was wan Managers tana era of two of the branches got S1 W a year each as a salary It edet T A 8 Ctt Cp C about K a year to le Ha j their business MIn going With u these thee e two to firms Anns lo Io judge juds by the writer witter IJ that the 1 brokerage brok e and houses bouen hi in fai New e York City Clay must spent at least hest a year oh oft o expense accounts account For the whole country he makes kel the cost of operating I I The borrowing borrow of money 1 money One from the banks throughout the country is us esti con estimated estImated mated to tie te t e up p a year in m speculative transactions Mr Ir Adams figures the interest on that at i b per percent percent cent nt or it a year er which nat naturally naturally comes out of the pockets of t those who ho patronize p the game Thelast The Thelast Thelast last Item in the bill bRt the of the brokers the writer guesses gues s at He says 8 there are leet speculative firms in the United States and a that their net average is 21 each or a total of or This makes the grand I 1 total reach ISO The figures given giVeR are based Ht on en the U e assumption that only honest brokers sit In the game and there is no allowance for marked cards crooked deals deal or r other devices to fleece the unwary Mr Adams may be wrong wron in his ftc fig figures ures uree but that It costs ce ta a big pet pot of money t to keep the die game going cannot be gainsaid sain Even the dullest dun witted understands that much Yet the temp temptation tempI temptation tation to take a II flyer Ier cannot be resist resisted ed Besides Be we e might win |