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Updated: June 6, 2025
"Very complete you are here, Governor," observed the editor in his alert, jerky manner, his black, bead-like eyes twinkling around the room from behind his glasses. "Telephone, safe, ticker, account-books well, that's progress, isn't it? Only way to manage a big ranch these days. But the day of the big ranch is over.
The drawings required by the paper never occupied her more than a couple of hours each day. Sometimes she made one of her cleverest cartoons in fifteen or twenty minutes. "Can't I do something else?" she begged. "Let me set type, or run the ticker I can receive telegrams fairly well or even write a column of local comment. I'm no journalist, so you'll not be envious." But Patsy shook her head.
Hammond and Streeter's was like a little lecture-hall, with rows of seats and a big blackboard in front, with the initials of the most important stocks in columns, and yesterday's closing prices above, on little green cards. At one side was a ticker, with two attendants awaiting the opening click.
'Pay me now, she'd say, 'or settle later. I know you won't let me suffer. Send the money from home if you like, Why, gentlemen all, I tell you I've seen that lady take her own gold watch an' chain off her neck in the bar an' pass it to a bosun 'oo'd come ashore without 'is ticker an' 'ad to catch the last boat.
"Two thousand N.O. & G. at 48," called the watcher at the ticker. "Five hundred at 47-1/2; 1,000 at 47; 2,000, 400, I,500, 3,000, at 47. Looks as if someone has pegged it at 47!" The entire market was declining in sympathy with the disturbing news concerning this standard property. "Twelve hundred N.O. & G. at 47-1/4," called the man at the ticker. "Three thousand at 48; 1,500 at 49; 5,000 at 50!
At times as I stood by the ticker I could hardly persuade myself that it was not a dream, from which I should awake to stroll with Miss Harding across the brooks and green meadows we both love so well. My prolonged absence from the links created some comment, so I am told, but no questions were asked and I volunteered no information.
This was not taking a walk exactly, but, so far as leaving his wife alone was concerned, it answered the purpose. The room, already well tenanted, gradually filled. Groups of men entered, stopped to glance at the tape of a sporting news ticker near the bar, exchanged a word or two with the bartenders, and then selected tables.
He had reached the office at ten and heard the first vicious little click of the ticker that beating heart of the Stock Exchange as it began the unemotional story of what men bought and sold over on the floor. Its inventor died in the poorhouse, but Capital would fare badly without his machine. Consolidated was down three points. The crowd about the ticker grew absorbed at once.
He not only had lost the "paper" profits he had accumulated during the bull market, but all his savings of years had crumbled away beneath the strokes of the ticker that day. It was the same with all. They would not take a small loss at first, but had held on, in the hope of a recovery that would "let them out even."
The ticker seemed to set all other business aside and give its attention to the trading in Transcontinental. It was like a base-ball game, when one side begins to pile up runs, and the man in the coacher's box chants exultantly, and the dullest spectator is stirred since no man can be indifferent to success.
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