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Updated: June 9, 2025
Below Wall street, it is mainly devoted to the "Express" business, the headquarters and branch offices of nearly all the lines in the country centering here. Opposite Wall street, on the west side of Broadway, is Trinity Church and its grave-yard. From Wall street to Ann street, Insurance Companies, Real Estate Agents, Bankers and Brokers predominate.
"You know the bond you gave me the last time I called?" Mr. Duncan winced, and he did not reply. "I see you remember it. Well, I thought I might have the luck to double it, so I went up to New York, and went to see one of them Wall Street brokers. I asked his advice, and he told me I'd better buy two hundred shares of some kind of stock, leaving the bond with him as margin.
Take your time. If you know how it can be done, just show me when you're ready. By the way, what do you charge?" "Well, the stock exchange has a regular scale of charges which we brokers are compelled to observe. It's one-fourth of one per cent. on the par value of bonds and loans.
I didn't make my trade in camphor after all and I lost in stocks, when if I'd only waited five minutes more in the office I'd have got the message from my brokers and saved my five hundred. Expensive, my time is, eh?" with a woful shake of the head. "But you're ahead of the game, aren't you?" asked the customer, interestedly. "Well, I guess yes. Just about twelve thousand."
It was some years before Miss Wilson had that opportunity for which her heart so yearned, but come it did, surely enough, and she dealt to Mr. D'Alton a blow so bitter that he never got over its effects. Lillian, Mr. D'Alton's eldest daughter had, after her mother's death, been sent to a fashionable school in Mansfield street, presided over by the wife of one of our leading brokers.
"What's his name?" asked the sister, with an accession of alertness in her face. "You call him 'Broker' and that doesn't mean anything to me. They're all brokers, aren't they?" "Semple Colin Semple, that's his name. He's a young Scotchman father's a Presbyterian minister. He's a little, insignificant runt of a chap to look at but I learned a long time ago not to judge a singed cat by his looks.
The bankers loaned the brokers the money which they reloaned at very high rates. The banks refused accommodations to those in pressing need, compelling them to go to the brokers and to submit to their extortionate demands.
The subject follows naturally in the train of commerce, for bankruptcies, as understood at the time, were confined to the mercantile class, bankers, and brokers; and since the regulation of commerce, foreign and inter-state, was to be placed under the sole charge of the General government, it was necessary that bankruptcy should be included.
The central part will probably be converted into a cold room for the preservation of early fruit and vegetables. On the ground floor, we find, in the first place, the rooms that the contractor is to furnish gratuitously for post office, telegraph, and telephones, and to licensed brokers, and especially a hall of superb dimensions designed for the public sale of raw materials by the brokers.
Harry pointed out the box belonging to the firm, and producing a key opened it, and took out half a dozen letters. "There may be some stock orders in these letters," he said; "we will go back to the office, give them to Mr. Clark to open, and then you can go with me to the Stock Exchange." Ten minutes later they entered the large room used by the brokers as an Exchange.
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