ComicBooks.com Register / Loginit's free!

Life, 1913-06-12 · page 38 of 44

Life — June 12, 1913 — page 38: what you’re looking at

📖 Open the full issue in the page-flip reader →
Life — June 12, 1913 — page 38: Life, 1913-06-12

What you’re looking at

This satirical piece mocks stock market speculation and broker behavior during what appears to be early 20th-century financial trading. **The Setup:** A broken ticker tape machine delays market opening, prompting brokers to question whether trading matters if the public can't see prices—leading one to be thrown out a window for suggesting buying and selling itself is pointless. **The Satire:** The story depicts brokers as disconnected from market fundamentals. Steel Trust employees appear confused about who actually owns the company after multiple trades. A conference reveals brokers' real concern: insufficient public *interest* (not investment value), with one lamenting that lack of public excitement threatens the champagne market. **The Point:** Life satirizes how brokers prioritize generating trading activity and personal profit over genuine economic productivity. The week ends with them collecting "dinner pails"—suggesting manual laborers deserve their wages more than speculators do. This reflects Progressive Era skepticism toward Wall Street excess and the separation between financial manipulation and actual industrial work.

📄 Transcribed text from this page (OCR, searchable)

Machine-transcribed from the original scan — historical spelling and the odd misread are preserved.

-LIFE- N° 400 SALVER Something she can use every day in her new home, and cause her to pos you in kindly QP remembrance. A complete table set of Heisey’s ) Glassware can be purchased for the same amount you would pay for some less acceptable gift. You will find our book helpful in making selections—Write for it. A. H. Heisey & Co. Newark Ohio Devt. 62 N? 29 CANDLESTICK Always Too Late “Old chap, didn’t your better judg- ment tell you not to make that invest- ment?” “No; my better judgment never tells me anything until after I've gone and made a fool of myself.” —Chicago Tribune. Honor is a kind of divine and crown- ing grace in a character, because it means an artistic sense of proportion, a true and vital tolerance, a power of infinite forgiveness. —" At Large,” by A. €. Ben- son. G. P, Putnam's Sons. Bulls and Bears HE opening was delayed Monday owing to the fact that the ticker wasn’t feeling at all well. “ What's the use of buying and selling if we can't make it public?” asked one of the brokers. “No use at all,” replied a chorus of them. “ What's the use of buying and selling at all?” asked another, and they threw him out of the window. Hence the delay. At ten-thirty, however, everything was in readiness and, a few minutes later, the stocks were circulating about the paddock with something like their pristine vigor. The Bulls seemed to have a shade the best of it. On Tuesday morning several of the employees of the Steel Trust (one of the waggish brokers called them Steel Common) appeared on the floor of the Exchange. When challenged by the special policemen in attendance, these employees said they had been watching the market and figured that the Steel Trust had changed hands several times in the last few months. Consequently they were uncertain as to the owners and from whom to take their orders. It was explained to them that the buy- ing and selling was just a little by- play and that they could depend upon the controlling spirit) remaining in charge. The employees went back to work and an increase in the production of steel was the result. Prices sagged. On Wednesday a conference was ar- ranged to devise ways and means for the brokers to make more money. It was freely admitted that if the public would only show a little more interest, the champagne market would improve. Some of the brokers were quite peeved about the matter. “I think it is real mean for the public not to take more interest in our goods,” ‘said a fair- haired broker of thirty-four years and two waxed mustachios. Prices listened. ’ agreed another, a short man with a double chin and a_ single- breasted coat, “we have some very, very nice stocks here, but no one seems to care for them. There ought to be a law against it.” Prices applauded vigorously. On Thursday and Friday this situa- tion was kept well in hand. About enough stocks were sold to pay office expenses, while two or three houses got enough to have a luncheon, with bread, at the Waldorf. Hardly before they knew it, however, Saturday ar- rived, with its inevitable bank state- ment. As soon as they saw it was really the bank statement and not an infernal machine, they all seized their full dinner pails and went home. This is the new Thermos bottle. Itis cementless, padless and paper- less, allabsorbent material dispensed with, This new glass Thermos filler is seven times as heavy at the base as the old model, it is practically unbreakable by reason of the shock absorber at the base. The introduction of this shock absorber at the base is made possible by the new Walker-Burrows process of manufacture. ‘The case is full nickel, of the separable type. per mitting the Insertion ‘of renil by the user In leas than aminute. Refilis at all dealers. ‘The new ‘Thermos exhaust system Just installed An ourseven-aere plant at Ni oss! Rotor cold a greater !ength of time. Ta these masets the consumer secures the benefe of not aly greatly Improved product but a much lower price. ‘THERMOS ON THE THAMES ‘At Norwich, Conn. ILLET: I managed to say just the right thing to old Pessimist on the anniversary of his birth. Perry: What was that? “Wished him many unhappy returns of the day.” “Wuar are your views on the great public problems?” “T haven't any views on public prob: lems,” replied the man whose interests are under investigation, “I'm one of them myself.""—IMashington Star. Outside Venetians