The Secrets of the Great City by Edward Winslow Martin
page 119 of 524 (22%)
page 119 of 524 (22%)
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STOCK GAMBLING. It has been remarked that the men who do business in Wall street have a prematurely old look, and that they die at a comparatively early age. This is not strange. They live too fast. Their bodies and minds are taxed too severely to last long. They pass their days in a state of great excitement. Every little fluctuation of the market elates or depresses them to a fearful extent, even though they may not be conscious of it at the time. At night they are either planning the next day's campaign, or hard at work at the hotels. [Illustration: United States Sub-Treasury.] On Sunday their minds are still on their business, and some are to be seen hard at work in their offices, where they think they are safe from observation. Body and mind are worked too hard, and are given no rest. The chief cause of all this intense excitement, is the uncertainty which attends such operations. No man can tell one week whether he will be a beggar or a millionaire the next, the chances being decidedly in favor of the former. Nine out of ten who speculate in stocks or gold, lose. Like all gamblers, they are undismayed by their first reverse, and venture a second time. They lose again, and to make their loss good venture a third time, risking in the end their last dollar. The fascination of stock gambling is equal to that of the card table, and holds its victims with an iron hand. The only safe rule for those who wish to grow rich, is to keep out of Wall street. While one man makes a fortune by a sudden rise in stocks or gold, one thousand are ruined. Even the soundest and best established firms fall with a crash under |
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