MY DEBUT IN WALL STREET.
Results of the Panic of 1857.—Creating a Revolution in 5
the Methods of Doing Business in Wall Street.—The Old
“Fogies” of the Street, and How They were
Surprised.—Their Prejudices and How they
Originated.—The Struggle of the Young Bloods for
Membership.—The Youthful Element in Finance Peculiar
to this Country.—The Palmy Days of Little, Drew and
Morse.—The Origin of “Corners,” and the “Option”
Limit of Sixty Days
WALL STREET AS A CIVILIZER.
Clerical Obliquity of Judgment About Wall Street 13
Affairs.—The Slanderous Eloquence of Talmage.—Wall
Street a Great Distributor, as Exhibited in the
Clearing House Transactions.—Popular Delusions in
Regard to Speculation.—What Our Revolutionary Sires
Advised About Improving the Industrial Arts, Showing
the Striking Contrast Between Their Views and the Way
Lord Salisbury Wanted to Fix Things for This Country
IMPORTANCE OF BUSINESS TRAINING.
Sons of Independent Gentlemen make very bad 25
Clerks.—They become Unpopular with the Other Boys,
and must Eventually Go.—Night Dancing and Late
Suppers don’t Contribute to Business Success.—Give
Merit its True Reward.—Keeping Worthless Pretense in
its True Position.—Running Public Offices on Business
Principles.—A Piece of Gratuitous Advice for the
Administration.—A College Course not in General
Calculated to make a Good Business Man.—The Question
of Adaptability Important.—Children should be
Encouraged in the Occupation for which they show a
Preference.—Thoughts on the Army and Navy
PERSONAL HONOR OF WALL STREET MEN.
Breach of Trust Rare Among Wall Street Men.—The English 33
Clergyman’s Notion of Talmage’s Tirades Against Wall
Street.—Adventurous Thieves Have No Sympathizers
Among Wall Street Operators.—Early Training Necessary
for Success in Speculation.—Ferdinand Ward’s Evil
Genius.—A Great Business can only be Built up on
Honest Principles.—Great Generals Make Poor
Financiers, Through Want of Early Training.—Practical
Business is the Best College
WALL STREET DURING THE WAR.
The Financiers of Wall Street Assist the Government in 39
the Hour of the Country’s Peril.—The Issue of the
Treasury Notes.—Jay Cooke’s Northern Pacific Scheme
Precipitates the Panic of 1873.—Wall Street Has
Played a Prominent Part in the Great Evolution and
Progress of the Present Age
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