Fifty years in Wall Street.
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| Henry Clews |
"Twenty-eight years in Wall Street", revised and enlarged by a résumé of the past twenty-two years, making a record of fifty years in Wall Street
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Excerpt:
I have attempted, in the following pages, to relate in a simple and comprehensive manner, without any aim at elaboration, the leading features of the most prominent events that have come within the sphere of my personal knowledge and experience during the twenty-eight years of my busy life in Wall Street.
I have never kept a diary regularly, but have been occasionally in the habit of preserving certain memoranda in the form of letters, and a few scraps from the newspapers at various times.
With these imperfect mementoes, I have revived my recollection to dictate to my stenographer the matter which these pages contain, in a somewhat crude form and unfinished style.
In fact, I have not aimed at either finish or effect, not having time for it, but have simply made a collection of important facts in my own experience that may help the future historian of Wall street to preserve for the use, knowledge and edification of posterity some of the most conspicuous features and events in the history of the place that is yet destined to be the great financial centre of the world.
If I can only succeed, out of all the poorly arranged material I have gathered, in furnishing the historian of the future with a few facts for a portion of one of his chapters, I shall have some claim upon the gratitude of posterity.
Clews emigrated to the United States in 1853. His first job was at a pottery import business, working as a junior clerk for Wilson G. Hunt & Company. He organized the firm of Stout, Clews & Mason and eventually brought his brother James Clews over from England to help him manage a branch of the brokerage firm. In 1859, he co-founded Livermore, Clews, and Company, what was then the second-largest
marketer of federal bonds during the United States Civil War. In 1877, he split away and started Henry Clews & Company, a member of the New York Stock Exchange, which made him enormously wealthy. In an 1886 article in The New York Times, his firm was referred to thusly:
Download Fifty Years in Wall street- 60 MB -1266 Pages