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The Tipster 1901, From "Wall Street Stories"   By: (1871-1943)

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"The Tipster 1901" offers readers a fascinating glimpse into the tumultuous world of Wall Street at the turn of the century. Penned by Edwin Lefevre as part of his enthralling collection "Wall Street Stories," this particular tale stands out as an engaging and thought-provoking read.

Set in the year 1901, during a time when financial markets were still finding their footing, Lefevre masterfully captures the essence of Wall Street's high-stakes environment. The narrative follows the life of an ambitious young tipster, who seeks to make a name for himself by providing valuable information to unsuspecting investors. Through vivid descriptions and well-crafted dialogues, Lefevre successfully transports readers to this era of frenzied activity, where fortunes are made and lost overnight.

One of the book's greatest strengths lies in Lefevre's ability to delve into the psyche of his protagonist. The tipster is portrayed as an intriguing character, deeply conflicted by his own ethical dilemmas. As he navigates the treacherous waters of the financial world, readers witness his struggle to balance personal gain with a moral compass. Lefevre cleverly uses this internal battle to shed light on the moral ambiguity that permeated Wall Street at the time, and perhaps even continues to linger to this day.

Additionally, Lefevre's writing style is both eloquent and accessible. His knowledge of the inner workings of Wall Street shines through as he expertly weaves together intricate financial jargon and captivating storytelling. The narrative flows smoothly, drawing readers further into the world he has crafted. Whether one is well-versed in financial matters or approaching this subject matter for the first time, Lefevre's writing ensures that the story remains engaging and relatable.

Furthermore, "The Tipster 1901" offers valuable insights into the historical context of Wall Street. Lefevre paints a vivid picture of New York City and its bustling financial district, allowing readers to immerse themselves in the sights and sounds of a bygone era. He effortlessly captures the spirit of an era characterized by rapid changes and an insatiable hunger for wealth.

However, while the book provides a compelling narrative and historical details, it does fall short in terms of character development. Some of the supporting characters feel underdeveloped, leaving readers craving a deeper understanding of their motivations and perspectives. This aspect detracts slightly from the overall impact of the story but does not overshadow its many merits.

Overall, "The Tipster 1901" is an engaging and well-crafted tale that transports readers to the vibrant world of Wall Street in the early 20th century. Edwin Lefevre's ability to blend history, morality, and captivating storytelling makes this short story a must-read for anyone intrigued by the complexities of finance or craving a well-crafted piece of historical fiction.

First Page:


By Edwin Lefevre

From "Wall Street Stories." Copyright, 1901, by McClure, Phillips & Co.


Glmartin was still laughing professionally at the prospective buyer's funny story when the telephone on his desk buzzed. He said: "Excuse me for a minute, old man," to the customer Hopkins, the Connecticut manufacturer.

"Hello; who is this?" he spoke into the transmitter. "Oh, how are you? Yes I was out Is that so? Too bad Too bad Yes; just my luck to be out. I might have known it! Do you think so? Well, then, sell the 200 Occidental common You know best What about Trolley? Hold on? All right; just as you say I hope so I don't like to lose, and Ha! ha! I guess so Good by."

"It's from my brokers," explained Gilmartin, hanging up the receiver. "I'd have saved five hundred dollars if I had been here at half past ten. They called me up to advise me to sell out, and the price is off over three points. I could have got out at a profit this morning; but no, sir; not I. I had to be away, trying to buy some camphor."

Hopkins was impressed. Gilmartin perceived it and went on, with an air of comical wrath which he thought was preferable to indifference: "It isn't the money I mind so much as the tough luck of it. I didn't make my trade in camphor after all and I lost in stocks, when if I'd only waited five minutes more in the office I'd have got the message from my brokers and saved my five hundred... Continue reading book >>

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