Life, 1913-04-17 · page 43 of 52
Life — April 17, 1913 — page 43: what you’re looking at
What you’re looking at
This satirical piece mocks the illogical behavior of stock brokers and speculators during volatile market conditions. The joke centers on a paradox: when money is "too easy" (abundant and cheap), no one wants it—there are "no takers." A broker explains that speculative interest only revives when money becomes scarce and "harder" to obtain. The satire critiques how market psychology operates inversely to rational economics. Investors obsess over gains and losses that mathematically cancel out (minus broker commissions), yet brokers celebrate this as beneficial to "the country at large"—absurd logic. The accompanying Anderson Electric Car advertisement represents the page's commercial content, targeting businessmen with practical urban transportation.
📄 Transcribed text from this page (OCR, searchable)
Machine-transcribed from the original scan — historical spelling and the odd misread are preserved.
Bulls and Bears ONEY was very easy last Monday at the opening. As soon as the brokers arrived, some by ferry, some by tube, some by subway and some by automobile, they could see that it was easy. Then came a cable from Lon- don which proved it. At ten-thirty it was still easier. By twelve-fifteen it was as easy as rolling off a log. Those who had money seemed to care nothing for it at all. Those who had none cared less. It was brought in in large bags and placed in the center of the floor. Strange to say, however, there were no takers. “How do you account for the trouble?” one of the brokers was asked. “The whole trouble,” said he “is that money is too easy. Until money is placed back where it belongs, no great revival of speculative interest can be expected.” Shortly after lunch, however, money became harder, until, just before closing time, it went back to par and seemed satisfied. On Tuesday there was much liberal profit-taking. These gains were taken philosophically. At the same time there was much loss-giving. It developed that the losses were not given so philo- sophically as the profits were taken. Statisticians went to work and found that the amount of losses exactly equaled the amount of gains, less com- missions to brokers and interest to bankers. This proved that the trans- action left the country at large in much better condition than before. The profit-taking and loss-givii | fee Europe we 44 ULO YOUR CAR, Do you realize that 90% of your driving is around town? A large touring car or a limou- sine is impractical, un- wieldy and expensive for the kind of service you require of an automobile. This electric roadster is always ready and waiting for you. You are not com- pelled to make an appoint- ment with your chauffeur or to even telephone for him. The car is instantly avail- able day or night in front of your office, club or home, irrespective of weather con- ditions. You can operate this car without experience. No com- Mr. Businessman plicated mechanism. Control natural, yet absolute, at any speed. Surely the logical car for driving in congested, traffic-impeded city thoroughfare. When the day's work is over, seck your recreation by driving this splendid car with your own hands, to the golf links, to the country club or along the sunny roads to your country residence. It is not essential that you even think about the charging, washing, polishing, garaging and delivery of your Detroit Electric. It will be called for at night and delivered in the morn- ing at any hour arranged—ready for the day's work. The fee for this service is very small, not exceeding $35 or $40 per month, electric current included. The electric current would IE not cost more than from $6 ,, to $10 per month, if charged in your own garage. Illustrated catalog, show- ing eight different models, sent upon request. ELECTRIC SOCIETY'S TOWN CAR ANDERSON ELECTRIC CAR COMPANY DETROIT, MICH., U. S. A. BRANCH NEW YORK, Broadway at 80th Street CHICAGO, 2116 Michigan Avenue Selling representatives in 175 leading cities BOSTON BUFFALO CLEVELAND We have for Hire the Best Open and Closed Automobiles for British and Con- tinental Motoring at the most reasonable inclusive tariff in Europe. G American Visitors to € Thefifthanaualedi- rope jour: tion of ~ 234.000 miles (in- oe ling 57. ao Cars bired from us, Free oa request The International Autotravel Society 56-60 Morning si! ‘The Strsol, Laados, Eagiond continued through Wednesday and Thursday, while the country was get- ting into better condition all the time. Those who won thought it was a very good sign. Those who lost thought the sign was not so good. Late Thurs- day there were numerous commit- ments. Just for a change all the Bulls commenced to sell and all the Bears commenced to buy. This confused the Lambs to such an extent that several of them were wiped out entirely. At ybody rejoiced. Prices of shares responded. One firm passed around the cigars and pocketed the proceeds. Friday developed nothing of note and so they all hung around till Satur- day, stopping only to eat and sleep. On Saturday they brought the bank statement in on a stretcher, but as the doctors decided not to operate, the brokers extended their best wishes to the patient and departed. comicbooks.com