, 1876-11-14
This Firm Advertise to Do a Commission
Business in "puts" and "Calls."
They Make Their Deals by Meet
Ing Men nnd Talking
1t Over"
The Concern Utterly Unknown
on the Board of Trade.

Co." arc Known IHfouEn tlN HlculliH1 o. many
and varied attractive advertisements setting
forth that large amounts Ut money arc daily
made by purchasing "pnvllcgcs In the Chicago
grain market, The purchases to he made through,
tho llrm Of ~Kunlbsc 4 Co.." md all settle
mcnts left witt, them. One advertisement
takca tho following forn:
-. MY 81 ,oo9sin very largo tyro} was 1naae from
$50 and Sl9o invested in dra1Ii 1y Humble y e.,
&C., &C." it, it, ts,sEs WHIT iSka5s ;ssis ~ ree Chi
This 1attcrEnE invitation fell out Of tho col
umns Of weekly paper. into tho hands Of
TntnuNH reporter, who tuitctl up to tho slnnli
and t1ingy otIlco. On the door the simple 1c-
gcnd, "Kutnllc IL Co." suggested tho
whereabouts OF the concern. Inside wcre n
small desk, smaller table, mud three cuirs.
At the dcsk sat II rather good looking man, per-
laps IS years Of ngc, plcafant Ut roee md easy
MIR. Rumble safU llu was the man. At the
smaller tnhle sat anothrr young s,a,i busy c,,-
gagged viii! an elseirc pei, md wl'un' the re-
Laying tic advertisement before Mr.. Rumble,
the reporter explained his mission to be search
for information how irhortftnnte wealth was to be
suddenly acquired:
Mr.. Hln,ffo smiled ami,bly and handed the
reporter n circular, guaranteed to furnish lhe
desired Information.
liz evidently regarded tho circular Will, moro
cornplac.a,cY tlan 10 did Ills Visitor, for l,o
Ing us II perfectly satisfied with tt,o former ami
somewhat suspicious IT tho latter.
Alter Bc.ntnE forth tho llaMc of tho firm anl
ti,y adlrcs J. tic circular rnther aruptly opened
tho Actrop, Ills Of the Vest" It then tlcd,ccl
from this pi esntso tint '.As Il grain llnrkct 1t
probably has no cgual ~ tho world, y mud nttcr
stating that .:rapld nml largo fluctuations IN tho
price Of wle; 1t, corl,, oat., lalrl, aul park and
i'll otlier conl uod!ttes dealt In on 'Ciinngc, has
built up lortul 'cs rapidly for many successful
sprculators,n IT, conies down to business anl
ANNOUNCES that ''ono Of tho most popular, and
beyond question :tc sa(est modes Of spccula-
tim il IN priyile gGe, ,llorc commonly known rs
puts and 'cl s. which " 1t agsl,rcs tho read.
cr) "arc rcgnrdt Il by tho wkno community Of
si,ecuntors with increasing favor"
Wit II CHEAT GRAVITY, ..
| and not little legal parunvr tile privilege"
IL then tcl!ne.l y ia contract, duly executed,
by whrl, The ina kcr VI tle salle G,sguyes to rur
easc from, Or tn scll to, the bearer. thereof,
etnteu n,ltt,byr ut bushels of sumo particular
grain, ut ccrtai prize, ut Any ting ~ tho benr-
C='s option, Will III Il Eyrll pcriol,h y a,M thts
that pr!vlleges are essentially Of tl,rcs killds,
yix. puts, calla, anil double lrivtIugo:.h
Coplcs q cunt Eacs for calla Ar,l puts arc then
given, differing, only in that u put" permits
tho bearer tt deliver to tho undersigned GER
tain number Of bushels Of gtuin ut stipulated
prize, within Il curtnn time, willie 4 s'cul " al,-
islorlzc,: tue bcarer to demand such bushels Mt
sncll pr ccs, aud within sslca tlr'cs as aro non-
4 ioui IL prlylleec is sort Of sclf-adj,lstlng
conract, ny which the bearer inay deliver or d.
| 1nald.
! lrons into atntisttes, and Informs thu public
that fsoln l.. NO QUO to 9,U, ,oU bllshDls ot grain
arc daily con sncd IN privileges, nntl then, be-
coming lnfcrc 7'tsaly prophetic. nora!izcs to the
elect Tint ''s posllar Is this system becoming
that there is no telling to whit extent 1t may
| grnW.h ...
Having wor1 ed tho amateur spcculator up to
burning tcs!r.s to assist " tic growth the &C.
| tlurtlyc Circular sets forth n glowing tubl. ol
prizes nf fortunes, n tho words and figures fol-
| lowing, to wit:
$1o will uny ut OF call for thirty days IN !, ooo
~ wi1l buy d''ublo privilege for thirty dnys on
SIS viii bny pn9 call for thirty lays On g. 6oC
SSS Til by double privilege for thirty days on
So Wi bay pator call for thirty days on t, ooc
Sioo VIZ buy double privilege fort Thirty days or
sl1o VIII big put Or call for thirty days 10,
s$Go MI buy . double privilege for thirty days
| on 10, OGn bushels.
SOU vii! buy i put or call for thirty days or
sl9o %!Il Duy 9 aosr''o privilege for thirty days
sioo YIN ony a put or eall for thirty days on
i ssS o wI Say do'bl0 privilege for thirty das'
ss0t, will buy put or call for thirty days or
81, ,0o0 w!I huy double privilege for thirty days
on sU, 600 bu*hels.
Upon the Extra advantage OF double prlyi
lcgcs, 1t Ii!atos t1tis lartl!y:
III matter of amSst tatly occurrence FOR tht
them. using their rpvisilei;es rs uiarg instead q
tho old eyxtcnl OF drIpsting ~ i,ar cont; 4
day in this way.
* few further g1!ttcslng gcncralittcs hrsne
tho rgatler tlown to the lard pan, uron willct
are written Instructions tu accompany nl Dr1erl
with Mloucy, urdarN, a.lkers' tlr,lits or cxnres:
orders. Wticro thu spcc1lator dues nut care Il
rely on his own Judgment, aEcssss ''llumble i
Co.h will glyu him thu bcneIlt Of their cxnr
ricnco a1l advise n!tn how to buy usit sell. Ir]
will MISC. when requested, exercise their hcs
Discrimination In putting tluney where thcJ
taincd."
The reporter read tho lengthy locumcn,
through, md cxprcAsetl Ills admiration Of til.
mystery with Wkllrts 1t w:ls Involved.
,ir. Kutnb!o saiu to though IL was cot1l
paratlse,y wsll go.te1 ", circular, ana mad.
from such j complicated business.
tNFCnMATi,,H WANTED.
"nut what want tu KNEW" said tho report
s ~ ' SlYp9si p,s ,g t IL Mdas NJ tc Gs ~ tor
"Yon gct tiln amount, Less onr commissions
which uro o,,ectghttl III ,no cent per hushrl, fu
5000 bushels OF upw"rs!s; smaller deals Ii
-.'rllcn, II put In $50. al,s1 buy d 'put' O.
scali' for 5,00d bushels, a.nl win, tnko th'
buHhrlsi"
s1Oh! no; we charge o,tr commission TO
closing tho contract. That is, wo yet you
,, lnoncy for YOU" ...-.
do you sell tho bushels for moi Let iii
, understand this thlnE.n
"The way Of 1t l. Just this ,aail Mr.. Rumble
tive buy tliu putt AMI, II it loses, thero Ia til
end u it, aud, II 1t Wins, then tho other mn
:, phys tllo difference asd yuu get 1t, lcss vi
: commission"
"Thcl,, II agrrc tn deliver su ,nany lushe!
at such u time, aasl get atuck, don't have II
dol
"Nu, ccrtAinly not; tlcre Is Tie beauty II
tie systctn. fuu ipn't illye to hAye any wheat
+. nor dnes tle other lluu.n
y "supposo get stuck, What security has !.
i gott"
c " lie !lun't want any. You sec hos got ynu
n maneyh
4 'snppose ho gets stuck, what security have
y gotf"