The New York Stock Exchange is simply an exclusive gambling hell where
very rich gamblers bet on the rise and fall of the stock of the big
corporations.
The “nearly $100,000” is the entrance fee.
The reason why the price is so great is because the operations and the
opportunities are so vast.
Compared to the colossal stakes and winnings of the Stock Exchange, the
gambling which goes on at Monaco, or at Tom Taggart’s place at French
Lick Springs is puerile. Since the world was created, no such gigantic
gaming has been known as the mad speculations in the New York Stock
Exchange.
Of course, the losses are as large as the gains, but those on the inside
of the Exchange have an enormous advantage over those on the outside.
Those on the inside are generally the masterful fellows who shear the
lambs outside.
The organized, experienced and expert players within the Exchange have
the same point of advantage over the gullible, unorganized public that
the cool dealers at the gaming tables have over the men and women who
buck against the bank.
For the privilege of _getting on the inside of the game_, Mr. So and So
pays nearly $100,000.
* * * * *
NEW YORK, Jan. 7, 1906.
_Hon. Thomas E. Watson, Thomson, Ga._
DEAR SIR: Will you kindly answer the following questions in
your _Educational Department_?
(1) What is the difference between Single Tax and Populism?
(2) Is it true that Grover Cleveland is to receive $12,000 per
year from the “Big Three,” and, if so, why?
(3) Why was not the Prudential Company investigated? Their
premiums are about the same as the others. In talking with
their agents I find them the same as agents of the “Big Three.”
(4) Is Paul Morton treating the policy holders justly when he
_takes_ $80,000 per year as his salary?
Your Magazine is a God-send to the people at large and I trust
it will be read by men and women throughout the country.
Thanking you in advance, I am.
Very truly,
⸺ ⸺.