The Stock Exchange from WithinVan Antwerp, William C. (William Clarkson)
History
The Stock Exchange from Within
Van Antwerp, William C. (William Clarkson)
New York Stock Exchange; Stock exchanges
Life on the Stock Exchange is by no means unpleasant. It is not the
idle pastime that many writers picture it, with easy hours and long
intervals for luncheon, nor is it the depressing and nerve-destroying
centre that many of the members would have us believe. One may
certainly linger over the midday meal for hours--for that matter one
may absent one’s self altogether--and conversely, one may worry and
fret over the day’s vexations until life becomes unpleasant for him and
for every one near him. But by far the larger number find their work as
congenial as earning the daily bread may be, and vastly more diverting
than many of the sedentary occupations in other lines of business.
Elsewhere I have said that the long periods of dulness on the floor
constitute the most serious obstacle the broker has to meet. Accustomed
to physical activity and with a mind inured to occupation, he chafes
under a stagnation that is foreign to his habits and desires, until
worry--the disease of the age--claims him for its own. Almost every
broker’s wife knows what I mean. It becomes a habit with such a man;
unconsciously he grows “bearish” on his business, on himself, and on
his associates, and at such times he is an awful bore.
The essential thing for a man to bear in mind who finds himself growing
into this mood is that nature abhors a vacuum. His mind is empty
because there is nothing to do; he must therefore _find_ something to
do--some mental occupation that will banish from his mind the worries
that beset him. In order to do this many members of the Exchange
carry some light reading in their pockets for use in an idle hour;
at the spot where the National Lead Company’s securities are dealt
in the specialists maintain a compact circulating library of all the
magazines and periodicals; others spend idle moments pouring over a
pocket chessboard; the Reading Railway post has a constantly increasing
collection of all kinds of puzzles, riddles, problems--anything to keep
the mind active on the principle of _similia similibus curantur_.
The newcomer on the Stock Exchange will do well to fortify himself
in some such way, for it may be accepted as gospel truth that the
paralyzing effect of worry in this peculiar environment will inevitably
lead to hasty actions, mistakes, and errors of judgment, unless the
victim learns early in the game how to arm himself against these
misfortunes. One word more: When the day’s work is done, the young
member must learn Doctor Saleeby’s great lesson, that a round of the
links, or a set at tennis, or any other form of outdoor diversions so
dear to the youngster’s heart, will not of themselves suffice to banish
cares.
Public-domain text, read in full here on John Shaqi.
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