And now, said my friend, as I am in the way of story telling, I will tell you how money has been made, by doing a losing business. It will have been seen already that the failure of a stock broker, does not involve commercial dishonor. It is a mere acknowledgment, of his inability to pay his _bets_, for debts they are not. When this has happened, he suffers the penalty of being expelled from the board. It then becomes the interest of those to whom differences are due, (the term used for stock debts,) to get what they can and discharge him. The amount he will be willing to pay, depends on three-fold circumstances—the amount of means he possesses—his own sense of obligation—and the credit and advantages he is to gain, by being reinstated. And a settlement once made with his creditors, it becomes the interest of all, to reinstate him; for society becomes disjointed, by losing its prominent members. When a broker operates for others, as his principals, he usually requires a deposit of ten per cent., as security against loss. They generally operate in different kinds of stock, some of which turn favorably for their interest, and the differences are in their favor. In others the difference is against them, according as their risks, or their judgment, may have proved favorable, or unfavorable. Commonly their operations are very large in amount, and it sometimes happens, that the fluctuations are greater than the security, and by the occurrence of some unforeseen event, like the recent failure of the United States Bank, a fair adjustment of the differences against them, would ruin all the parties, consequently, one or all of them must be sacrificed. HOW THEY GET UP AGAIN.