Daily Kennebec journal. [microfilm reel] (Augusta, Me.) 1870-1975, 1889-11-21

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stock should b %
higb when .olider securities we're seiling b
bw par
This management, osziste.i by the entire 4
4 IS clique. laughed all such bear stories
70 seorn, and when scorn seefned soDe"haS
insufficient they greatly increased the volume
Of saies and maintained the price by the f.
msiliar. sirnpls, but generally successful ex-
pesiiept II buying from one smother through
many different brokers IN the stock market
The bear party rallied within day or two.
and retarnssi 70 the charge with An entirely
new ~, Of lies. besides an accidental truth OF
two. but the T. q " clique was something
Of q liar itself. and arranged for simultaneous
delivery. at different points on tho street. Of
= lot u stories ~ full Of new mineral Develop
n,ents on the line Of the road, and - many
new evidences Of the arrangements shrewd
ness, that criticism WAS silencsd for . while
But b.ars must lvs ~ we'll ~ bulls, and
the longer they remain hungry the harder
they are sure 10 agnt for their prey, 80 the
street uas -pon favored with . fresh sssort-
nent Of rumors This time they concerned
themselves principally with the alleged bad
condition u the track and rolling stock In
deposits said - have b.en discovered The
market was reminded that other railroad
COMPANIES, by SCORES had uate all sorts OF
brilliant discoveries and announcements that
mad failed to materiaize. and that some VI
these roads had been managed by hands that
now seemed ~ be controlling Z W
Then the T. q W management lost It's
ordinary temper and accused the bears OF
malignant falsehood There was nothing
unusual IN this, in locality whers no one is
ever suspected Of telling the truth while be
can make anything by lying When. how
ever. f. & " issued nvitatious 10 large
OPERATOR. particularly In the conpany's
stock. for a special excursion over the road,
with opportunities for thorough investigar
ton, the bears growled sullenly and began
TO iook for a living elsewhere
The excursion start was grand success in
the eyes OF Mr. Marge, no made with il his
first trip in the capacity Of an investigating
investor There were men on tie train to
whom Marge had in other days scarcely dared
to lift his eyes In Wall street, yet now they
treated nun All equa, not only socially but
financially He saw his own name In news
papers Of cities through which the party
passed his name hai appeared in print be-
fore but only among lists Of guests at par
ties or a. usher bridegroom best man
al weddlng-not a. tnancier 1t was
gratifying, too, to have presented 10 him some
presidents OF western banks who joined the
party, and be named to these hnanciers a.
one Of the most prominent investors in T.
w
He saw more, too. Of his own country than
ever before. his eyes and wits were quick
enough 10 make him enter heartily into the
spirit Of new enterprise or two which some
Of the f. & W directors with the party were
projecting II might retard a little his accu-
mutation OF + & W stock but the difference
would he in hts favor IN the end To get in
on tho ground foor' Of some great enterprise
had been his darling idea for years, he had
hoped for il As unweary lngly as for rich wife,
now at last his desire was TO be granted, the
rich wife would he easy enough to find after
he himself became rich Unaccustomed
though he was IN slunbering with joltlng
bed under him, his dreams in the sleeping car
we're roster than any he hal known since the
hair began to grow thin ON the topo his head
But as the party began to look through the
car windows for the bears Of the Rocky
mountains tue bes.rs Of Wall street began to
indulge in pernicious activity They all at
tackled +. q W with entirely new lots Of
stories. which were not denied rapidly enough
for the good of the stock. for some Of the
more active managers of the f. & W.
clique were more than a thousand miles
away Dispatches began to hurry westward
for new and bracing information, but the
whole excursion party had taken stages few
hours before for three days trip to see
some of the rich mining camps to which Z. 4
W. had promised to build branch No an
swers being received, T. & W began to droop;
as soon as it showed decided signs OF weakness
and seemed TO have friends strong enough
20 support 1t the bears sprang upon it en-
masse and proceeded TO pound and scratch
the life out Of it. 1t was granted temporary
breathing spell through the as .istance of some
operators in other stocks, who feared their
own properties might be depressed by sym
pathy, but soon as it became evident that
+. & W. was to be the only sufferer all the
bulls in the market shesthed their horns in
bears claws and assisted in the humiliation
of the pro~trate giant who had no friends
The excursion party returned from the
mines in high spirits: even the president Of
the company declared be had no idea that
the property was so rich. He predicted, and
called all present to remember his words. that
the information be would send east would
boom" E, & W at least ten points within
ten days Marge's heart simply danced with
in him, if it was to be the president pre-
dicted his own hoped for million by the b.
ginning OF the stagnant season would b
nearer two He smiled pityingly as Lucia's
face rcee before him. how strange that he
had ever thought seriously Of making that
chit his wife, and being gratifei for such
dowry as the iron trade might allow her
father to give
The stages stopped at mining village,
twenty miles from the station, for dinner
The president said TO the keeper of the little
hotel.
is there any telegraph station herer
There's telephone cross the road at the
store said the proprietor 1T runs into the
bankin house at Big Stony"
Big Stonyr echoed the president. Why,
we've done some business with that bank
Come, gentlemen. let's go across and ind out
how our baby is being taken care Of"
Several Of the party went, Marge being
among them The president rang up" the
little bank. and baw
Got any New York quotation. to-iayf
YES replied a thin. far away voice.
"Hows the stock MARKET
"Pretty comfortable considering
Any figures on E, & W 7"
ri was Fhs ouiN sbunu Tue president
could evolve from the noise that followed
"Umpa" said he. what does that meant
'El' must he twelve'-hundred and twelve
Still rising, YOU SIC; though why it should
have gone 50 high and suddenly don't
exactly see. Hello" he resumed. As he turned
again to the mouth piece. will you give me
those figures again. and no. quite 81 loud,
can't make them out
Again the message came, but it did not
seem any more satisfactory for the president
looked astouishe,i. aud then frowned then
he shouted back;
There's some mistake, you didn't get the
right letters, | said + 4 W.-Easteru and
Western One moment Mr. Marge. won't
you kindly take my plsce' Ny hearing isn't
verv keen
Marge placed the receiver to his ear, and
shouted. "All right; so ahead" In two or
three seconds he dropped the receiver, turned
pale, and booked as IL about to fall
What is itf asked several voices in chorus
He said. e 4 W is dead Us q smelt:
knocked to pieces two days ago.
What is it quoted at no~f asked one,