The Wichita daily eagle. [volume] (Wichita, Kan.) 1890-1906, 1890-07-06

i income.
At last a day came when, without
warning TO his neighbors. he sold ont all
his interests and departed for New York.
Accounts vary as TO the amount of ready
money he brought with him By soma
it is put at SIS 900, but it is my impress
sion that it did not exceed $is. 900. ]
well remember the day he came, for I
CHANGED to be in friends Office when a
tall, uncouth, i'll dressed countryman
stepped swkwsrdly in and said:
Kin set down here q spellg'
Space will not permit me to relate the
| thousand and one stories of his expert
ence in the street. / can only indicate
| his general course. For months he came
| into that Office every day and sat there
| through board hours, watching the bows
/ putting up quotations, aud listening to
the conversation of the spectators about
him. Not once did he venture a dollar.
| He was entirely willing TO be guyed as
long as he was not turned out and as long
as he continued To pick up information.
He was tolerated because of his inter
esting appearance and quaint remarks.
but nobody ever heard him utter a word
that indicated his purpose. The fact is
that he was slowly acquaintiDg himself
with the character and the characters Of
| the street. His retentive memory served
him well, and his patience better. lie
came TO understand stock dealing with
out operating, and he also came 10 know
some of the faces that are rarely seen in
the street. They are those of men who
hive at their ease, but watch the market,
and now and then swoop down upon it,
buy q lot of stock for cash, sell perhaps
within few DAYS, and then retire and
wait for another season of depression.
Daniel watched such men and learned a
lesson.
One day when there was a general
panicky feeling abroad he astonishe ed
the broker in whose office he had settled
by putting 5000 in bills into his hands
TO secure purchase OF certain popular
stock that had been going down. He
protected himself bv a liberal margin
and sat down again in the office to wait
When be sold he cleared over 81 900.
This was the beginning Of a long series
of transactions, all conducted on con
servative basis. and all 50 far AS known
proftabiy; and at last II came TO be "A
saying among those who knew him that
one should follow Daniel Hardy. The
difficulty was 10 discover what Daniel
was doing. He was close - an oyster,
and his operations were by no means
confined 10 the office where he spent
most Of his time. Nevertheless, though
4 II .Rv
oessful man, nobody ever dreamed that
he would become a dominant factor IN
the street.
Occasionally he met Mr.. WeIlman,
then at the head Of banking house OF
some Importance. The banker said To
him:
al am glad to hear that you are get
ting on well, Mr. Hardy. II / can b. OF
any assistance 10 you in the way Of in
formation. or otherwise. bet me know
Thanked, Mr. WellnRn," responded
Daniel, gravely, 81 may call on you
some day"
The time came, after several years,
that Daniel Hardy was invited INTO pools
for effecting deals in VARIOUS securities.
He accepted some Of the invitations and
refused others. From the well known
character Of the men with whom lac as
sociAted l wonder how he escaped ruin
more than once His conservatism never
deserted him, and beneath his uncouth
exterior was tenacious intellect. won
derfuuy shsrpened by contact with the
world
Now al through these years he had
been studying one thing more than all
else: Theodore WellmAn's business hAb-
its. He learned what the bankers favor
lite stocks for speculation were. through
whom he dealt, and many details un-
necessary 70 repeat here. At last cams
the famous Shawnee railroad deal
The common stock Of this road amount
Cd at par 10 $40 600. 900. out il ruled IN
the market q; about %
II was one Of the "fancies" in which
Mr.. Weilman delighted 10 speculate. A
selling movement began IN this stock
one day and it proceeded from Well
mans house. The price had gone down
a full point, when an Obscure broker on
the floor Of the exchange began 10 tats
every block Of IL that was oncre1 The
decline ceased and contrary move
ment set IN. Still thiz obscure broker
bought. EVERYBODY began % rush for
his Shawnee and Offer II % this broker,
and pretty soon the question ran from
mouth 70 mouth;
Whom does Brown repre--er4z'
Nobody could tell Up went the price
Of Shawnee and at the close Of tse days
proceedings It was quoted at 20. The
next day the movement cOuttIoed ard
leading among tins selers waz Dir Theo-
dOre Weliman's broker. Evsry Effort
was made to break ths nyEteTio1s pur-
chaser. bat without avail. and - the end
Of trading Shawnee was ~ lib. With =
record Of three tbOs1zArd more shares
sold than were IN extaa<zca. On the
third day the effort 70 break ~, pur-
chaser ended 10 Offering 20 him a lot 81
stock sent from distant CITY By special
train. Evefy share va taken
The bears ~ese In despair. They had
70 get ShAWDee stock with which u full
Ill thssr engagement u deliver Ths
obscure broker was really % seil. but ~
wanted sorne.hinr ike 30 for h1s shzres-
Il meant ruin - nauv. ard there were
several speedy Suspensions. Among
them wa the bcsIss Of Tbepdore Well
mar.
soon after the announcement a mr.
seneeT brought vCrd 70 HIN thai Il -
would call ~ Browns oflos . propnu-
ton Tor settlement would - lad -
q.