The Burlington weekly hawk-eye. [volume] (Burlington [Iowa]) 1860-1876, 1863-11-07
BURLINGTON WEEKLY HAWK-EY

lie uREAT BULL OF THE STOCK Elk
ISSHAiNGE;-Far away from the din of the
uha..iehelo or the debate of the Legislative
chamber, amidst the battles of the "bul]s
ana bears, hardly less exciting, isreauired
10 10 several respects greater talent than eli.
Iner the field or the forum, In the Stock
Exchange of New York during the great
sreenoack imitation that has and is now
oelng produced by the immense paper is
sues OF the government, there has stepped
,ol.n from the common walks of life the
most remarkable man the Stock Exchange
mas ever produced. 1t is only since the
summer Of 1862 he commenced as a stock
operator, with very small amount of
money, or, as the profession term it. ssmar-
GIN and to-day his wealth is told in mil
mons, ana his name is known over the
country. we mean, OF course, John NJ.
F fopln, IN the great whirlpool Of the Stock
IhAchange that mas ruined its thousands,
ne mas outstrode the storm, and by his
strong Will and indomitable energy made
circumstances bend to his purposes. In
person he is tall and slender, dresses plain
| y, with the exception of a magnificent
diamond ring; his face is shaved t3ean. is
pale and thin, his eve is a brilliant black
If met in the street, he would not be no.
uced particularly from the multitude.
But let us follow him into the Stock Ex-
change rooms. He walks in quietly. has
| ii1sie OF no conversation with those around
hlhi-ln TACT, not speaking unless spoken
10. lie takes seat. It's great dav.-
ihere has beena panic in the first morning
board. The "bears'' have been Offering
immense quantities of Stocks at the dee
cline. Prices are tumbling down. MANY
OF the small fry have been ruined
Every one has been trying to sell. and
few want to buy. In vain the timid and
weak holders endeavor to extricate them
serves, not knowing when bottom would
be reached. Margins" have been swept
away like the dew. The Presidents ham
mer comes down-Erie is off the call and
Hudson is called. This is Tobin's favorite
stock, and has fallen II per cent already at
the morning Board. Tobin rises from his
seat. Now he is fit subject for an artist.
Could his expression be conveyed to can
vass, it would render the artist immortal.
he raises one hand; the diamond flashes,
but not more than his eyes, for they are lit
up and flash out defiance. Every muscle
OF his face now stands forth, and he is the
picture of energy and unflinching resolu-
ion.
All eyes are directed toward him. At one
bid he offers TO take ten thousand shares at
rise OF 3 per cent. over the previous price,
The bears feel alarmed, and the ''bulls''
break through all order, and cheers greet
the great Tobin. Soon the bears gather
courage by clubbing together, accept his
offer, and buy one million Of dollars of
stock in minute. In Fl moment ali is ex!
element. In rush the hundreds Of small
fry to buy the stock that has Tobin at the
helm. In vain the Presidents hammer
falls. All want some of that stock, and
where all was fear and alarm before is
now confidence. The market goes up one
or two per cent. on the CALL over Tobin's
bid. When all are through, Tobin again
rises. He is in repose, the excitement of
his face is gone--he is "master of the situa-
ton" What! Heis not going to bid for
more stock? Yes! at the closing price he
offers to take ANY part Of the capital stock
OF the company; but none there will dare
sell him any more. He has the stock COR
nered. and when his time comes that stock
will so up thirty or forty per cent, and at
the expense Of the BEARS"
This is a usual scene in the life Of this
wonderful man. He possesses nerve and
courage unequalled by Jacob Little in his
best days, and unfortunate is the one who
dares oppose him in his operations, for
success with Tobin is certain. and disaster
sure to result to his opponents.