The Yakima herald. [volume] (North Yakima, W.T. [Wash.]) 1889-1914, 1889-12-05

that portion Of the general public which TO
CARDS railroad only as basis for the Issue
Of stock in which mon can speculate did not
distinguish between the two.
Like iron and railroads, stocks also began
to look up, and Mr. Marge devoted himself
moro closely than ever to the quotations
which followed each other moment by mo-
ment on tho tape Of tho stock ticker Il
seemed never safo for him to DO out Of hear
ing Of the instrument, for figures changed so
suddenly and Unexpectedly; shares in some
solid old roads about which everybody knew
everything remained at their old figures,
while some concerns that had only just been
introduced In Wall street, and were a. prob
lemAtic a. new acquaintance In general, fig
ured largely in the daily reports Of Stock
Exchange transactions
Mr.. Marge remembered previous occasions
Of similar character; during the arst Of them
be had been "lamb," and was Sheared co
closely and rudely that be afterward took
great interest in the shearing process, per-
haps TO improve and reform IL He was not
ct oil misled by the operations on the street at
tho period with which this story concerns 10
self; he knew that some Of the new socuritie
were selling for more than they were worth,
that the prices Of others, and the great vol
uAAlo W daAAl-AlNIou8 " bacAAN "elo AAAAl4o
wholly by brokers whose business Il was to
keep them before the people 0thers, which
seemed promising, could fulfil their hopes
only on certain contingencies
Yet Marge, cool and prudent though DO
was, took no interest Whatever In securities"
that deserved their name; he devoted al bis
attention 10 such stocks a. ductuated wildly
-stocl1 about which conflicting rumors, both
good and bad, came day by day, sometimes
hour by hour. he did not hesitate to inform
himself that he was simply gambler, Of the
only gcntlemanly game which tho law did
not make disreputable, and that the place for
his wits and money was among the stocks
which most INDUCED In quick turns" and
to which the outside public-the great dock
OF lambs-would be most attracted.
After careful survey Of the market, and
several chats, apparently BY chance, with al
lcgod authorities Of tho street, he determined
to conflne his operations to the stock Of "Tho
Eastern and Western Consolidated Railway
company" better known on the street and
the stock tickerS tapes as II & W." This
stock had every feature that could make any
alleged security attractive 10 operators, for
there was great deal Of II, tho company was
formed by the consolidation, under the gulss
Of leasing, Of tho property Of several other
companies, It was steadily picking up small
feeders and Incorporating them with the
main line, II held some land grants Of posi-.
BILE value, and, lastly, some Of the managers
were % brilliant, daring and inscriptions
that startling changes In the quotations
might occur Of any time at very short notice.
Could gambler ask for more promising
camel
3. q W. soon began TO Justify MarEo In
bis ehoico For the first few days after he
ventured into u the stock crept up BY frac-
tons and points 20 that BY selling out and
promptly repurchaslng Margo was able to
double bis investment, ION Q margin" from
bis profits aloha A temporary break fright
ened him little, but on o rumor that tho
company was obtaining . lease Of an Inn
portant connecting link he borrowed enough
money TO buy moro instead Of selling, and
as-for q wonder-the rumor proved true, no
realized" enough 10 take couple 81 hum
dred shares more Success began to mani
test itsalf In his countenance and his manuer,
and 10 bis great satisfaction he once heard
bis name coupled with that Of one Of the
prominent operators In the stock
His success had also the effect Of making
bis plans more expansive and aspiring.
Should e. & ". 90 on O. 70 was going, be
must within half year become quite well
off-almost rich, In fact Such being the
case, might 10 not be mistake for him 10 al
tach a. much Importance as he bad done TO
the iron business and It's possible effect upon
tho dover Of Mis- Tramlayl She was Q
charming girl, but money ought to marry
money, and what would DO o share Of tho
forty or afty thousand year that Tramlay
might make In Q bnAinoss which, after ell,
could have but tho small margin Of profit
which activocompetition would allowi There
were rich families toward whose daughters
he bad not previously dared 70 raise his EYES.
tor their heads would have demanded fuller
basis Of the few thousania OF dollars which
be bad invested In profitable tenement houSs