Reuben L. Cain, stock salesman, 1929

I really went to look for a job on Wall Street hoping that I could make money… You’d heard so much about the bull market and the way everything was going up… and read about such people as Charlie Mitchell, the president of National City Bank, and a lot of others — the J. P. Morgan group — and they seemed to be so strong and so powerful and knew so much about the market that, as they kept saying “This is going to correct itself,” you tended to believe them. And then when it did fall, you still couldn’t hardly believe it fell.

There were all sorts of rumors and you’d see people going down the street looking up to see if they could catch somebody jumping out the window. Now it turned out there weren’t as many people jumped out the window as they reported, but some did. And others committed suicide other ways.

My American Experience

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