The Tipster: 1901, From "Wall Street Stories" — John Shaqi
The Tipster: 1901, From "Wall Street Stories"Lefevre, Edwin
General
The Tipster: 1901, From "Wall Street Stories"
Lefevre, Edwin
New York (N.Y.) -- Social life and customs -- Fiction; Short stories; Wall Street (New York, N.Y.) -- Fiction
“She’s the nicest little woman that ever lived. Whatever is mine is
hers; and what’s hers is her own. Ha! ha! But,” becoming nicely serious,
“all that I’ll make out of the stock market I’m going to put away for
her, in her name. She can take better care of it than I; and, besides,
she’s entitled to it, anyhow, for being so nice to me.”
That is how he told what a good husband he was. He felt so pleased over
it that he went on, sincerely regretful: “She’s visiting friends
in Pennsylvania or I’d ask you to dine with us.” And they went to a
fashionable restaurant together.
Day after day Gilmartin thought persistently that Maiden Lane was too
far from Wall Street. There came a week in which he could have made four
very handsome “turns” had he but been in the brokers’ office. He was out
on business for his firm and when he returned the opportunity had
gone, leaving behind it vivid visions of what might have been; also the
conviction that time, tide, and the ticker wait for no man. Instead of
buying and selling quinine and balsams and essential oils for Maxwell
& Kip, drug brokers and importers, he decided to make the buying and
selling of stocks and bonds his exclusive business. The hours were easy;
the profits would be great. He would make enough to live on. He would
not let the Street take away what it had given. That was the great
secret: to know when to quit! He would be content with a moderate
amount, wisely invested in gilt-edged bonds. And then he would bid the
Street good-by forever.
Force of long business custom and the indefinable fear of new ventures
for a time fought successfully his increasing ticker-fever. But one day
his brokers wished to speak to him, to urge him to sell out his entire
holdings, having been advised of an epoch-making resolution by Congress.
They had received the news in advance from a Washington customer. Other
brokers had important connections in the Capital and therefore there was
no time to lose. They dared not assume the responsibilty of selling
him out without his permission. Five minutes--five eternities!--passed
before they could talk by telephone with him; and when he gave his order
to sell, the market had broken five or six points. The news was “out.”
The news agencies’ slips were in the brokers’ offices and half of Wall
Street knew. Instead of being among the first ten sellers Gilmartin was
among the second hundred.
II
Public-domain text, read in full here on John Shaqi.
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