Show BARING AND spectacular PLUNGER OF WALL STREET HA GONE publics indifference toward stock speculation Is Causing tho the passing of one of the most picturesque elements in our public life men of jay Gould Type are no more in evidence now new york the twilight ot of wall street tho the daring and spectacular plunger gone forever the public apathetic toward stock speculation the passing of 0 ono one of the most picturesque elements in 0 our ur public life these are some of the conclusions drawn from the great dullness dull nesa on the now new york stock exchange the failures of brokers to make what they consider a living the dry rot certain it to la mat we have no jay gould today or an E H harriman Harrl man or a keene or a gates or even a david lamar the days day ot of the big markot market manipulator have apparently passed these men are dead and there are node none to take their places it if as fiig big things are put over as in the old days they are done dona now in secret with the aid of much law lava and lawyers through numerous agents and multitudinous inous doil devices ces it was not so BO in the older days way back in the black friday era say jay gould or jim flake fiske hesitate at all to appear in the public share mart and flay the opposing crowd ot of either bulls or bears with the utmost freedom everybody know knew what they were about and nobody thought of complaining in the souse sense of considering their faults as ot of a public character later came the great speculative I 1 eras eraa ot of our national ife when a million share day was waa considered nothing when doctors and law lawyers yera and merchants gambled in stocks from every hamlet when the little speculators were myriad and the big speculators were fierce it slightly more cautious than in the seventies harriman Harrl roan hinging flinging railroads into the gambling pit john W gates and other men of his type leading speculative campaigns which netted them tens of millions foxy old james 1 R keeno keene engineering gi pools for many years the american people stood tor for them and simply laughed then tho the great outcries began never led to the actual gov ern mental reformation or abolition of the stock exchange but they seem to have put it almost hors de combat a simply I 1 m by tho the force of public opinion Nob odys buy buying I 1 the brokers cry we never sell anybody from uptown complain the hungry eyed ones meaning that the merchants who ac Y J 1 KU U 7 f v V at I 1 bank of J P morgan co cumulate fortunes no longer follow the custom of retiring seating themselves next the ticker and proceeding to turn their hard earned wealth over to the men of stocks and bonds the clinon men from uptown are coming to realize that this Is the brokers game not theirs and the broker la Is selling his auto auf vi obile lies hes no longer known as the clr w irk ir k bu buver buer er hoa hea no longer knoer as the patron saint of the chorus lady ile he manages to keep his membership in his clubs and considers himself lucky if he has 16 15 cents for a whisky and soda once in a while awhile it Is related that a prominent bro broker ker came on the floor the day before election and said eald to a group of friends frienda boys we all ought to go up to the sixth district and vote for bill sulzer i 01 hea I 1 t ilk ft I 1 lie T iv IRA 1 J noon hour in wr wal treet tomorrow hes the 0 ajro d uptown ghys whys bought un an g from us for two ta years there was laughter at this but of a mirthless variety the stagnation in stocks Is no joke to the brokers they can stand it ft tor for stocks to go up and I 1 they can stand it for them to go down but when they stand still good night the exchange has recently had tho the worst days 1 ays business since 1888 25 years ago only shares of stock and bonds changed change hands there I 1 are 1100 members of the exchange it was figured that each of them would have for his days work it if tho the commissions were divided equally A dollar and forty cents centa not the wages of a man who digs a ditch la in these days and for brokers whose business expenses might run to a day each no wonder there are reorganizations and a few failures no wonder that staid old firms settle all their accounts and quietly go out of existence for one thing each member of the change has lost about this Is the difference between the high quotation for a seat in 1909 and the price seats bring today the floor of the exchange these days often resembles the lounging room of a clubhouse the exchange Is a club in reality will it become conein one in name will it turn into a mere social organization with traditions of business hardly because there are more beci securities irl to be ba traded in each year there must be a public auction room where they can change hands the trouble just at present Is the broke brokerage tage machinery la Is too big for its purposes it Is built on a scale to handle gr great cat speculations ions and little speculations and when it has to come down to calm and peaceful transfers it la Is like a sightseeing automobile carrying a single passenger there Is no profit |