At both ends of the floor and along one side are narrow railed-off spaces full of clerks figuring at desks, of telegraph operators clicking their machines, of messenger-boys arriving and departing in haste, of unprivileged operators nervously watching the scene and waiting the chance of a word with some one on the floor; through noiseless swinging doors men are entering and departing every moment--men in a hurry, men with anxious faces, conscious that the fate of the country is in their hands. On the floor itself are five hundred, perhaps a thousand, men, gathered for the most part in small groups about little stands upon the summit of which is a rallying legend, talking, laughing, screaming, good-natured, indifferent, excited, running hither and thither in response to changing figures in the checker-board squares on the great wall opposite--calm, cynical one moment, the next violently agitated, shouting, gesticulating, rushing together, shaking their fists in a tumult of passion which presently subsides. The swarms ebb and flow about these little stands--bees, not bringing any honey, but attracted to the hive where it is rumored most honey is to be had. By habit some always stand or sit about a particular hive, waiting for the show of comb. By-and-by there is a stir; the crowd thickens; one beardless youth shouts out the figure “one-half”; another howls, “three-eighths.” The first one nods. It is done. The electric wire running up the stand quivers and takes the figure, passes it to all the other wires, transmits it to every office and hotel in the city, to all the “tickers” in ten thousand chambers and “bucketshops” and offices in the republic. Suddenly on the bulletin-boards in New Orleans, Chicago, San Francisco, Podunk, Liverpool, appear the mysterious “three-eighths,” electrifying the watchers of these boards, who begin to jabber and gesticulate and “transact business.” It is wonderful. What induced the beardless young man to make this “investment” in “three-eighths”--who can tell? Perhaps he had heard, as he came into the room, that the Secretary of the Treasury was going to make a call of Fives; perhaps he had heard that Bismarck had said that the French blood was too thin and needed a little more iron; perhaps he had heard that a norther in Texas had killed a herd of cattle, or that two grasshoppers had been seen in the neighborhood of Fargo, or that Jay Hawker had been observed that morning hurrying to his brokers with a scowl on his face and his hat pulled over his eyes. The young man sold what he did not have, and the other young man bought what he will never get.