Ten Years Of Wall Street PDF Download

This historic book may have numerous typos and missing text. Purchasers can usually download a free scanned copy of the original book (without typos) from the publisher. Not indexed. Not illustrated. 1870 edition. Excerpt: ... CHAPTER H. THE STOCK EXCHANGE AND GOLD ROOM. The Focus of Speculation--The " Long Room" on a Field Day--Portraits of Operators -- History of the Board of Brokers--The Public Board--Queer Characters--Volume of Business--How it is Done-- Brokers' Vocabulary--Margins, Differences and Options--Machinery of Business--A Broker's Buckler--The Gold Room in New Street-- Rise of the Gold Board--The Firm of We, Us & Co.--The Gold Bank, and how it Clears Gold, and Collects Differences. [HE tide of humanity that pours clown Broadway, is dashed against the bulwarks of Wall Street, and whirled to the eastward, between the mighty walls of granite and sandstone, which line that renowned thoroughfare. Through two mouths, New Street and Broad Street, it is sucked into that seething, whirling, roaring maelstrom--the stock-market. Speaking in the language of the common-place, these two streets are merely avenues in the lower part of the city for the passage of men and loaded warns, and for the transaction of business; but these streets also form the environs of the Stock Exchange, which, as from the focus of a gigantic parabolic reflector, throws a light, more or less lurid, over the whole financial community. That lofty facade on Broad Street, builded as of snowy marble of Paros, "of kingliest masonry," sinks into a modest, two-story brick rear on New Street, emblematical of the stately v PALACE OF THE STOCK-LORDS. 49 fortunes which enter that stately front, and issue diminished from that diminished rear. This is our palace of Aladdin. Here may be found that wonderful lamp which gives speedy and fabulous wealth to him who grasps it. Here also is stabled that remarkable horse, which, on being mounted, often flies away and leaves its rider on a certain...