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Honor In Wall Street

Honor In Wall Street image
Parent Issue
Day
28
Month
April
Year
1871
Copyright
Public Domain
OCR Text

The man in Vermont who, finding it needful to visii New York, first made bis will likc a good Lusband, and then had prayers in tho church for his safety, is a fair specimen of many persons who regard New Tork as the Sodora of America. Few persons would select the " Street" as the symbol of mercantile honor. Yet i would be difficult to find a spot in th land where business ability and integrit; have a higher mercantile value. ■"■.,.. - cgnUy g. .t).,. i.i;ck of th nve ycars not nve persons have repudia ted their contraets. The sale of stocks is enormous. These sales aro made in an under-tone, perhaps to a runner or clerk of a largo house. Therc are no witnesses. Yet be tho sales loss or gain, not three men in thirty years have repudiated thcir sales. The leading brokers, who simply buy and sell, have stood froni a quarter to half a century. Through these houses the great dealers buy and sell. These men keep the funds of their patrons, from ten thousand dollars to a million or two. Men so trusted become rich, and when the y retire they sell the good will of their imuses for thousands. Usually the old firma take in their sons or rolatives, and keep just interest enough to hold the boys steady and keep up the old style of things. If a man wants to sec the old school of honor, genuino liberality, largehearted donations, and the courtósies of business, ho will have to mako the

Article

Subjects
Old News
Michigan Argus