History of Newport County, Rhode IslandFrom the year 1638 to the year 1887, including the settlement of its towns, and their subsequent progress . s soon to follow. On liis first attempt to gain admittance to the Stock Exchangehe had many difficulties to contend with. The Exchange wasthen a close corporation and managed bj old fogies, wlio wereafraid of the admission of young blood and consequent inno-vations. About this time one hundred dollars a day and some-times more was freely offered for the privilege of listening atthe keyhole during the calls, and holes were made in the build-ing adjac
History of Newport County, Rhode IslandFrom the year 1638 to the year 1887, including the settlement of its towns, and their subsequent progress . s soon to follow. On liis first attempt to gain admittance to the Stock Exchangehe had many difficulties to contend with. The Exchange wasthen a close corporation and managed bj old fogies, wlio wereafraid of the admission of young blood and consequent inno-vations. About this time one hundred dollars a day and some-times more was freely offered for the privilege of listening atthe keyhole during the calls, and holes were made in the build-ing adjacent to the exchange, which were let at a high rate bythe hour. Mr. Clews directed his efforts toward the breakingof the monopoly by doing business on more liberal methods thanthe regular members, who were ultimately obliged to admit himin self defense. Prosperity smiled on his efforts, and the success of Clews became an accepted adage in Wall street. On the breaking out of the civil war he threw himself with allhis force into every project that might tend to assist the gov-ernment in its negotiations for raising money to carry on the ex- 1%.
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