Omaha daily bee., 1886-09-15

Heilman usually operated in corn.
happened TO bc with him when he di-
rcCied a famous Chicago firm TO buy
5,p0l,U01 bushels at one time. W hat hIs
margin was / cannot say. but II must
have been very large. He came uut
successfully. HS usual. He said on one
occasion that he never held anything for
an GdvanCc OF more than ten points, and
that though the system involved the pay
mpnt of very heavy comm ssIoDs, he
found ii the best plan In the long run.
One of the great congressional operators
Of his day was the Hon. :. Il. Elkius,
lately delegate from New Mexico. HIS
specially was western railroad stock, and
he purchased very large block of Mis-
souri, Pacific when the Grant " Ward
failure, with some others, knocked 1t
down TO g. A. il rose TO lNS in less than
ninety days Mr. Eikins must have real
lied n very handsome profit 1t was at
that time when Western dropped to 90
that Mr.. + deu bought 10000 shares OF
the STOCK outright at that figure which
ne sold in less than year thereafter mt
80. A very cool, able, shrcwd operator
was the late de jurc president OF the
United States
Senator Plumb, of Kansas, is, with
perhaps two exceptions the largest buyer
OF stocks on margin in the senate at
this time. He buys everything railroad
stocks, grain, pork and lard. He prefers
wheat, though, TO anything else when
the market is right He is said TO oper
ate with and by the advice and consent
of the ArmourS of Chicago, who seldom
let him get left. = Senator Jones, Of
Nevada, is also a stock buyer, but his
taste luns in the direction OF mining
shares. The lack of the tritlinu sum OF
$50, 900, which did not happen to have
quite convenient only prevented me
from taking his advice once touching the
purchase of a large block OF Ophir,
offered, as the eminent senator assured
us, at sacrifice that was appalling,
positively appalling, siri' / have often
wished since then that ! had done what
he so confidently recommended, Rs l
could have joined Mr., Caleb Willard in
| buying up the rest Of T street But then
there are so many little things that pre-
vent us doing what we would like! am
| told by a gentleman who knows that
! Senator sherman never invests on mar
! gins, but that if he wants thing he buys
it outright. Few people know how very
rich this gentleman Is. In the course OF
long and active life he is one OF the
| few who can truthfullv say that he never
made financial mistake of much mag
ntude. ] am told that he owns seventy
six houses here, in various parts OF the
! city. and so carefully does he select his
! tenants that he never suffers loss. When
| Senator Cameron, OF Pennsylvania, op-
crates he goes into it rs he does most
other things, with courage, nerve, and Il
| decsiveness that tell as these qualities
always do in the worlds battles. He
means business and is generally on
the winning side. ! was told by n broler
here that when Reading made its monu-
mental leap from 6 TO - the Pennsylva-
MIA senator was large gamer; in fact,
hls profit was put at over 500 900 Sena-
tor Fair and his friend, Senator Camden,
are both heavy buyers at times. The
former is n very large proprietor in the
most valuable mining interests on the
Pacific slope, and he is always ready to
sustain the quotations of his favorite
stocks when they are attacked by the
bears Senator Camden's operations are
usually with Rockafellcr, the Standard
j Oil kiagspsAf hen -ianpy do go in they take
| Everything in sight. Last fall, " said q
! gentleman-hi himself dealer of no mean
magaitude-'C Camden, Oliver Payne, and
third, whose name i do not know,
bought 45,t01 shares of coal stocks in one
deal. They held them until the scheme on
hand was completed, and then unloaded
In nine days they each made $3.50, 0O0, Tor
they got an advance of ten points.
| Such is the power of money.