Not only do men squander their own money in this way, but they risk and often lose the funds of others committed to their charge. Bank officers, having the use of the deposits in their institutions, take them for speculation, intending of course to return them. Sometimes they are successful, and are able to replace the money in the bank, so that no one hears of their dishonesty. Again, and most commonly, they fail, and they are ruined. Guardians thus misappropriate the funds of their wards. Even the funds of churches are thus used by their trustees. The amount of speculation engaged in by clergymen with their own money would astonish a novice. Some prominent divines in the city are well known in Wall street. Their brokers keep their secrets, but the habitues of the street are adepts at putting this and that together, and these reverend gentlemen, some of whom preach eloquently against the sins of speculation and gambling, become known as regular customers. The street is full of gossip concerning them, and if the stories told of them be true, some of them have made large fortunes in this way, while others have literally "gone to the bad." It is not necessary that a person speculating in stocks should be master of the entire value of the stocks. If he be known to the broker operating for him as a responsible person, he may employ only ten per cent., or some other proportion, of the stock to be dealt in. By depositing $1000 with his broker, he can speculate to the extent of $10,000. This per centage is called a _margin_, and the deposit is designed to protect the broker from loss in case the stock should fall in value. As the stock depreciates, the customer must either sell out and bear the loss which is inevitable, or he must increase his margin to an extent sufficient to protect his broker. If he fails to increase his margin, the broker sells the stock and uses the money to save himself. VIII. THE WAYS OF THE STREET. Like Brette Harte's Heathen Chinee, "For ways that are dark And tricks that are vain, Wall Street is peculiar."