Democratic Sentinel, Volume 8, Number 12, Rensselaer, Jasper County, 18 April 1884 — Wall Street Yarn. [ARTICLE]
Wall Street Yarn.
“A year or two ago,” said a prominent broker to a few of bis friends who were in his office, “an acquaintance of mine of this city came to me with SI,OOO, which he said was all the money he had. He owed considerable money', and he wanted to increase his capital so that he could pay his debts. I took the SI,OOO with the understanding that I was to do the best I could with it. He did not know one stock from, another, but had got au idea that money could be made in Wall street, and he wanted me to make it lor him. Well, I did the best I could, and I have been handling the money for that man ever since. He has now some securities bn hand, and I will find out how his account stands.” Turiiing to the bookkeeper, he asked: “James, how does Mr. ’s account stand?” James pulled out a big ledger, turned over a few pages, and replied: “Overdrawn $796.38. ” “What securities are we holding for him ?” was the next query. “Five hundred shares of Sutro,” was the reply. “You had better make out his account and send it to him to-day, with a polite request for a check.”— New York Sun.
