, 1876-10-09

lucrative PRACTICE who llntl been counsel for tho
hontlholtcru in tho reorganization Of tho Affairs
OF tho Fort Wayne Company, and was thcrc+
fore, infinitely acquainted with tho condition
MID circumstances Of the reorgauizc.a company,
was aldo engaged on tho eaino etdo NTH Morse.
mud, "a 1t Is said, in alliance with him III this
bull speculation. 11o was carrying 1000 el,arcs
Of the stock at m office William street nearly
opros'tu Atorsn's, how fn,toh Of tho Stock ho
wns carrying III other offices the writer Is not
informed.
At the snmc time another gentleman, friend
OF Mr.. Tit'ens n1ll closely nssocintcsl with him
In Tic h,nnagencnt Of several ra3tr,,ad rotpora-
tlons md IN other business enterprises in which
shares Of TIC stock Of tho rort Wayne Com
pany, which hD hnd purchased In ylcw Of the
slatiom l's' or tSn,iesstaniine Si of any Hid With
Morse, nor was he aware that Mg. Tllden was N
any why connected with Atorsc, or. In any why
Interested in tho Fort Wayne shares.
he lad This large interest In the stock. nn Mr.
TIldcn knew Tint tl'is gentleman was ntso eAr-
ryinE FOR lllnsclf md others large alnuliht.-
over u million dollars wnrth-nf another stock,
~ which a.nouiat NJ. Ilden had an Interest OF
il viii l.e rcmcm1erri thai In April, 1901 l,Ncw
YORK wns Visited With asaycro Bnn1ciAl panic,
wl'irl! reached Us lleig't on the 11tl, Of that
Tine after that dale This rat,ic waa acrrt,,-
panied BY great fall III tho prices Of stork md
ntlcr securities, and consequent very grcnt
,oarsc, III sueii cirenrstanccs, Il Sas cx,rou,eiy
ts'illcnlt to borrow money on any .cxrcpt the
very choicest securities, asid then only with very
"" sir. T,icn WAS fully nwnre Of tho great tltt-
aculty his friends experienced IN raising thy
money required to carry thD stocks In wlrl
they were Jointly Interested. and for tic carry
ing oftw1ilrl lie had furhIshcd no margin what
ever, and h. knew that, II order t1 carry these
Inst Importance should te kept from tho mar
kct, Ills frlcntla wonld be obliged 20 sell Other
securities, lie aceorltuglys toole Ills measures
with his accustomed HhrCwdncss md With Ills
usuI regard Tor the lntcrcsts Of Ills nssorIatas
and friends, TO- savu himself from possIblc loss
anA secure the ,pss,lis already accrued upon Ills
1000 shares Of Fort Wayne stock. ...,
en s snSs asd e 1aS 1e ocr M Ap o lcass S si s
liabilities a,ld to rniso Thy money needed to chr
ry tic stock belonging to the puol In which both
himself nnd Mr.. Ttldcn were Interested, had
ssR etssoa s e fy' s oT e1eEs Esese f. ss # s Se]Im ]
Of Fart Wayic stotk, a. well rs 1argo amount
OF Other seclirities. Boforc the meeting Of tho
Sluck Exchange for TINT day, however, n mes
sss syS EySSF Il fSm M GT9see Tsae sSe + upoa S f5 III
md requested TINT lc would hold IFS Fort
Wayne stock for that duY, MS the price WINS to be
further advanced. II caused the gentleman
considerable surprise TINT this person who, SO
Or my knowledge Of hts plnns, should come to
him With 6,lcls a request. Moreover, lc could
mt understand how Morse s!,0nld know that he
had my intent!ou uf selling tint tluy. Never
tlicrss he good naturcdfy nccctlcd to the re-
ucst, mud Immediately cancelled Ills orders for
tl,s sale o{ Ills stuck.
told. On tint aan,o evening of April 10, and
nbont the same time that Alr. Tildun's Chicago
frlenh-uf course without any cotlusion with
lliIn-eallcd npon tue gentleman who was carry
in!. Tilt1cn's stocks fn Anotllcr pool, as above
described, and requested that he. ,nlll acll no
Fort Wayne stock that day; htr.. Tlldcn him
Willsan. struet, and, with saany. injunctioNs Of
6ccrcsy, gave strict orders for tho sale uf lis
at.G0O atMTcs OF Fort Wayne stock forthwith.
Tic order was obcycd. The consequence was
that, III tho then condition Of tho Inar-
nao ast ho tr0~ns sr. e tsss 1sRo s shotss nn
iGS" EGa~aya '4' Mott 'Nit Htobusou,s us' whs ha haa
agrccl to- lend Morge a large sum Of money on
tliu SECURITY of his Fort Wayne ntDck startled
by putitlen report of tho raptd fill Of tho
utock, threw down THO pen with which he wna
about to sign TIC check for +, aud turning to
at' cnnt bo os erre si Mosse wa, %ttorly rshsd' S
und tle gentleman who had at tho request ot
Mr.. Tidcils friend obligingly withheld hi Fort
Wayne sharcs from the market on that day,
though III no way connected. Will tho pool
movement. and therefore under no obligation 10
ntI II. suffered q loas, not ouly Of oil tho nc.
but also an additional loss Of over. S50,0O0
ca,acd by tic fall of The stock below tho price
ut which It Ind bceu purchased. NJ. Tildon'a
gain, by thus sacri.'cfng Ills two friduds, could
hayo 0cl4ccly bccu lcaa than $G0,000.