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Edison, His Life and Inventions by Frank Lewis Dyer;Thomas Commerford Martin
page 106 of 844 (12%)
career. He was determined to see all that could be seen, and, quitting
his perch on the telegraph booth, sought the more secluded headquarters
of the pool forces. "A friend of mine was an operator who worked in the
office of Belden & Company, 60 Broadway, which were headquarters for
Fisk. Mr. Gould was up-town in the Erie offices in the Grand Opera
House. The firm on Broad Street, Smith, Gould & Martin, was the other
branch. All were connected with wires. Gould seemed to be in charge,
Fisk being the executive down-town. Fisk wore a velvet corduroy coat
and a very peculiar vest. He was very chipper, and seemed to be
light-hearted and happy. Sitting around the room were about a dozen
fine-looking men. All had the complexion of cadavers. There was a basket
of champagne. Hundreds of boys were rushing in paying checks, all checks
being payable to Belden & Company. When James Brown, of Brown Brothers
& Company, broke the corner by selling five million gold, all payments
were repudiated by Smith, Gould & Martin; but they continued to receive
checks at Belden & Company's for some time, until the Street got wind of
the game. There was some kind of conspiracy with the Government people
which I could not make out, but I heard messages that opened my eyes as
to the ramifications of Wall Street. Gold fell to 132, and it took us
all night to get the indicator back to that quotation. All night long
the streets were full of people. Every broker's office was brilliantly
lighted all night, and all hands were at work. The clearing-house for
gold had been swamped, and all was mixed up. No one knew if he was
bankrupt or not."

Edison in those days rather liked the modest coffee-shops, and mentions
visiting one. "When on the New York No. 1 wire, that I worked in Boston,
there was an operator named Jerry Borst at the other end. He was a
first-class receiver and rapid sender. We made up a scheme to hold this
wire, so he changed one letter of the alphabet and I soon got used
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