The evening world. Newspaper, May 31, 1913, Page 8

¥ill Permissible to Buy and Sell Stocks for Outside Customers Between 10 and 11 ‘A. M., But After That Club Life Begins and the Members Each Other. Trade Amiably With » After Luncheon There's a Little Spurt to Aid n—Then Comes the Nuisance of to Wait Around for Closing Time —A More Easy Chairs All That's Needed for Comfort. White marble building in Broad street, just around the corner from Wall street, fa no longet a Btock Exchange. It le b—the meet costly and most interesting lounging place in the United Btates. _ The tuitiation feo to this club is now about $40,000; but that fe marked ‘down. It was simost up to $100,000, Besides this initial cost there te bevy expense for the keeping up of appearances—such as fine offices, good * automobiles, tea@oellar limit poker games anit dollar-a-point auction thio Wall @treet lounging club is one of tho finest pisces tm] in,P rn ATURDAY, MAY. 94, 10 NGE? WHY, IT’S JUS1 A CLUB: THESE DAYS, keering UP APPEARANCES BETWEEN 10 Am, ANd i AM, Peality merely a bookkeeping éniry. Bo these Geficits of brokers ure put down and loss Account a@ boolilesp- tries and th: Gor everything except buying and selling etocks. Already the) on, Besides, ion't a consider it bad form and pot at all clubby to mention business | of credit; else how could it be incurred? But some of the new element, who worty about paying rent are putting Up strenuous objections to the exclusive ang the result that a temporary compromise has been reached. | members: started in ble to and 11 When the Stook Exchange business began ranni down a year or two ago innocent lambs grew écarce, the live on each Duy and sell atocks for the account of outside customers | ther. This practice developed into one o'clock im the morning. After 11, transactions must be! Of the moat @erious dangers that con- fronted the club. Threats of political AM club scores are supposed to be settled up by | iegisiation and public investigation were agteoment and trades before night, eo that no member may lése|trines compared with the impending member sor pay any commissidns. In this manner the @ showing of pretended transactions is made to nutes of the day bustles with activity on the floor |S0me few would have all of thi Five hundred brokers swarm about the sixteen trading ae oF Fadel} ft | | ! : z i : ; I Z i PH f yf Hf j i fe Hy Ht HH Hf i if fit i i : 5 E HA lh A d ‘Geop in ¢ront of the house in Bimsel? lived, at No. ‘When the gong sounds these days en around the post where United form the Union Pacific crowd @ dozen brokers trade in and join in with their club fellows he of killing time, Tt requires * i rf H H i 4 HI H i f i ) 2 3 8 E § : rte tts [ . Pe ake 52k? 4 3 4 °é ig is iisee 3 i erite Hi tual fireplace would drop into the hepper which slid bim into the ohute, Around the sides of each of the rooms, mace of members devouring each other. If each man lived off hie neigh it would be only a short time before all the cake would become dough and ‘The whole spirit of otubby fellowship and fraternity would be epeiled. ‘Three-fourths of all the transactions feported as being made these days on the Stock Exchange are ‘floor trades; that te, members dealing with each other on their own Individual account. In the wood old days three-fourths of the etook Durcheses were orders from the outside Public, with the broker acting sale of 40,000 shares of; in GROUND PLAN Mix seats. At 11 o'clock yea! ing there were only seven unoccupied peat beats. At 11.90 every place war filled and some of them had two men squeesed in. This was getting fike the subway rush hour jam and a proposal {a under consider: to attach handles to the trading posts oo that strap- hangers may be accommodated, @iong the north side of the exchange fa @ row of leather chairs and benociies. The girly comers shap these up velure the opetiing hour, They bring news- Papers and even magazines to read and allow nothing to disturb their peaceful days. A watchful crowd hangs around ready to pounce upon the first vacancy. It is @ fine place to go to sleep after tuncheon—when all the papers have beea read and the magazine stories grown stale, That part of the floor is known Qe the library and pretty soon the cus- tomary sign of “Silence” will be hung tly | on the wall, There are two baicenies everlooking the fieor, The one along the Broad treet aide ts the public gallery, where outsiders introduced by members may jook down en the scenes below. There’ weed to be waiting lines for admission, At GIKITING SCENE ON i ‘THE AFTERNOON ful cosy corner for an afterncop slesta = be found in any ather New York el Uncle B. G, Talbert, the venerable ‘Dut only eleven visitors were there yes-|Chairman of the Exchange, who sits na terday. On the New etreet side ts another @imilar balcony, plaved there for archi- tectural symmetry, but) now practi¢al wee has been found for tt. No longer a mere ornament, it is the ‘Members @moking Balcony.” Leather couches, Jong, low and restful, have been piaced there, half concealed behind the grill ‘Work of the railing, and/e more delight- OF THE MYSTERIOUS ROOM IN THE BASEMENT - SAOWING THE LOCATION always imagtifed that tt was useful for hustling out gambling tadles which could be sid down through the traps above from all three flours, Or euppose & man had been tr@inmed when he was drunk and started to get nasty about it, They could drop the floor from under him until they got him to that panel, shove him into the court and he never in the world could tell @ potice- Bian what hed happened to him, “Ot course when we began kicking about the expense put on us by the OF THE SEVEN first of these traps which we found our! tenants began to realise that in time we would find them ali and I guess they cleaned up pretty well while they floor, rough which the| were wetting out, as they all did right re aix others beside t! of sthe twen- ty feet under the floor of the second vaulte was found, according to Harry heavy deposit uf quick- One who ponders on this grisly cation may take what comfort he the bottom of the pit revealed bones, pald away. Wro were they? Say, young man, my iness is selling costumes for shows and buying them. I don't deal in trouble at all—and some of those guys are alive and a lot of their relatives and friends, Nix." ‘Tae place of mystery and sin is not without ite relievti humor and its misty tragedies to-d It was through the Guttenberg warehouse that the | stage properties of Richard Manefeld t ber ‘the trappings of Kean, .| Costumes hang for ele a We were bothered until we decided to stretch out and take in the basement of that house for the business, We Wanted to make some changes in the foundations, In that way we ran on ‘apa, and when the Building and rtmente learned about thwin It cost us thousands of dollars to get the work done which they asked for. For Instance there wae a sliding panel at the aide of the basement here whirzy! opened Putting them on sale ‘to let oui of them.” ‘It was an old superetition of my father’s," @ald Harry Guttenberg, “and we follow it. He used to believe that no actor Would Wear a quilt unless it had been hung up to let the ghosts out of it. We have followed it until f s We all believe it ourselves.” By us he meant hie brother, W. Louis, Gam, Mike and Abe, all of whom wort i Hi littie perched up pulpit alongside the big gong, has most trying times to keep awoke. There Is go little noise, 00 little excitement that even an active young- ster could not be blamed for nodding, let alone a venerable old gentioman who has witnessed years of Stook Exchange trading, Byt Uncle Telbert has found w diversion. By turning hie cathedral chalr @ little te the left he ean eco through @ window the interesting wreck- ing of J. P. Morgan's old banking house across the way. Every brick and every beam that comes down has a meaning ite own to the Chairman, besides saving him from the seporde eppression of Exchange atmosphere, Ad every club fellow knows, one must Mot repeat outside what we talk about eanong ourselves. Otherwise the Stock Exchange Lounging Cl weulé rival the United States Senate ss a debsting eehiool. Those various groups of men you wee down tiiere-on tie. Moor, are they isoussing questions of high AYSTERIOUG BASEMENT - ING CHAMBER. 1RON CRANK OPERATING ne TRAPS Vv MEANS OF A CONNECTING BAR, RUNNING TO BACH F100! finance millions? Watch & Atte Goser x crowd around post number seven very intently examining the Anentes the clothes worn by Greased broker. He és telling them whére he had found a wonder of a The Judgo—What's the charge, balltft? i ‘Drunk and swearing in his Interented over something. One of thelt umber in displaying a boutonniere of delicate blue flowers and telling how he Picked them in the garden of his sew country place. Bo the morhing drifted along waltit for luncheon time. T @tay uniform mesneng floor than there were members, ‘TRé telegraph operators at t! Pore Poste clicked off @ quotation now then, Official reports dogged the heeh Of Brokers who exhibited signs of buy ing or selling #o that they might pice Quotations to send out over the wires ‘The big call boards on the walls dle ‘ed members’ numbers in slow, lasp they were wanted the a 8 won't permit card tables thé @ forced to go uptown fed culation and exditement. ‘ori@ge is on the Capt @ revival of that old retiabie peter among the brokers cnuses qere real honey to aa a eome tn uptown hotels an a Mock change day. They are a mighty tet some rea! Auction cy chai to get job from him, Judge—Where were you yith tm Judge—Anything to drink there —No, Judge; we mad’ even rup out of coffee, ‘ Judge (to Witness No, 3)—What |p you business? Witness Ne. $—I'm a Bull Moose. Judge—Did you ever see the plainti® drink in public? Witness No, 8—1 heard he took rink once at the Roaster Club to save fan Indiana friend who didn't need ft. - Judge—Hearsay evidence barred, (Te . | Witness No. 4) What's your business? tor you Rave to drink? Plaintig-—White wines; that is, light oht Platntif—A loat of sugar, water to Gissolve it, some eprays of bruised mint— (Proceedings interrupted by Gispute in rear of court room; scuffle datlif? throws out tall Kentuckian who had made protest.) Plaintig (cesuming)—A jigaer of whiskey, a desh of brandy, a dash of rum, cracked ies, unbruised sprigs of mint, and a decoration of strawberries, pineapple, watermelon end powdered ugar, Judge—That isn't a a mint sundae. What Plointig—I once tasted Milwaukee beer, but I didn't ike it, (Demonstration of approval Louis man, who is thrown out.) Judge—That will do; call the next witness, (To witness.) How long have you Known the piaintift? ‘Witness—Man and boy for more than fitty years; we're pals and chums, Judge, just like brothers; I carried hie arip once. Judge—Did you over seo him take a drink? Witness (shouting) — NEVER! never took @ drink in his life! Judge—You say that you are a bosom friend of hie: t Julep; that’s ? by St Witness—Bure. Why, Judge, he and I have slept in the same hotel many a night. Judge—Were you ever close enough to his bosom to emell his Sreath? you Getest the odor of tad Witness No. j—I'm a Rough ‘Riters sover as @ (To Witness, ‘ou known the” 5—AlIl hia life, Judge. TF. his first drink, No. plaintift? sensaton.) Judgo—Order in the court! When @aa. this? ‘Witness No. 6 — When he was leas” than a month old, The bottle had @ Jong rubber tube— Judge—Barred by the statute tation, (To Witness No, 6) Know the piaintift? " I'm related to him. Pr] Witness No. 6 (disrexarding and also warning look from pial and displaying yorythful desire to his story)—I've seen him drink whites wines, light wines, Madeira, sherry, champasne——— ‘Where 418 ge — Wait a minute! ; JudKe, and aera rene 5 & wine cellar, (Plali deobe pityingly witness and owing rignt foot nervously.) a imi. -~- Nushes, Mo. $ tft still limbering up his right drumming on the table.) d Judge (looking at his watoh) —itiat bag you say? ene No. 6~-Yes, Your Hemeno.@ beautiful bed of fragrant mint, delisteug for sauces—— . (Business of Exit all, Judge me case ) . a bers, Addressing , —Mike, do you know where they % the best mint julep in thia towa? “ a ie That Turkey Trott» HEY told this one at the of i I House Thureday night: Am lshman who arcived on the: Tuesday was tak \