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Updated: June 13, 2025
His bank was the Third National of Philadelphia, located in that center of all Philadelphia and indeed, at that time, of practically all national finance Third Street and its owners conducted a brokerage business as a side line.
"I happen to have learned that, to make his bluff good, he has been taking money from his brokerage business" here he nodded sagely "his customers' accounts you know. Leigh knows the inside of everybody's affairs in Wall Street. They say a quarter of a million is short, at least. To tell you the truth, poor Stella took a good deal of Phelps's money.
Well, we gasps and gawps at Alvin like so many orphan asylum kids when Santa Claus bounces in at the Christmas exercises. Manning gets his breath back first. "Gentlemen," says he, "isn't this offer worth considering? Let's see, did I get your name right, Mr. er " "Alvin Pratt Barton," says our Santa Claus. "Pratt Barton?" repeats Manning. "Any connection with the brokerage firm of that name?"
Perceval brought in a bill to check the sale and brokerage of offices, nor did Castlereagh himself escape the charge of having procured the election of Lord Clancarty to parliament by the offer of an Indian writership to a borough-monger. A frank explanation saved him from censure, especially as it appeared that the offer had never taken effect.
He explained in the accompanying note that the matter being now quite satisfactorily concluded, he saw no reason of delicacy why the amount he had promised should not be paid to me forthwith direct in money. I cashed the cheque at once, and said nothing about the affair, not even to Isabel. My experience is that women are not to be trusted with intricate matters of commission and brokerage.
"My advice to you is," he said, "to get yourself naturalized before it becomes generally known that you have made half a million of money." "Half a million! I only wish I had!" "You must have made that at the lowest calculation." "On the contrary, I give you my assurance, that if my claim for brokerage is not allowed, the transaction will prove absolutely ruinous to me."
A letter from a brokerage house doing business with Europe was received in which it was pointed out that "arbitrageurs" who had sold stocks in New York and bought them in London during the previous fortnight had made their deliveries by borrowing stock in New York; that the stock purchased in London was due to arrive on this side, and that the usual process of financing it by returning the previously borrowed stock had been cut off through the suspension of unfulfilled contracts.
Having planted his journalistic bomb, Mr. Redell glanced at his watch. It was exactly eleven o'clock. "I still have time," he murmured, and departed immediately to the office of Gregg of December wheat, but to cease selling the instant the market hesitated to absorb it or the price broke a point. At the same moment, in another brokerage office, Cappy Ricks was issuing a similar order.
He had hardly done so when the door opened and a burly individual hurried in. He gave Dick an inquiring look. "Wants to see you, Mr. Pelter," said the office boy. "Just came in." "Want to see me? What is it?" and the head of the brokerage firm stepped up to Dick. "You are Mr. Pelter?" "Yes." "I am Richard Rover Anderson Rover's son." "Ah! indeed!" cried Jesse Pelter, and gave a slight start.
He carried his athletic vigour into the brokerage offices, however. No one could accuse him of being lazy, and no one could say that he did not make an effort. He possessed purpose and determination after a fashion, for he was proud and resentful; but he lacked perspective, no matter which way he looked for it.
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