The Bryan daily eagle. (Bryan, Tex.) 1895-1898, 1897-02-07


nom 100 10 ioi when he sold Il he
bought in at about So. Before the army
q spectators realized II. he had cleared
hundreds Of thousands Of dollars.
The Stock exchange history Of Mr.
Louis v. Bell Il interesting. lie comes
Of an old New York family. His father.
Mr.. Isaac Bell, was a well-known citl.
Ecn. For generations there has been
an Isaac Bell IN the Bell family. and
there Il an Isaac Bell In Il today.
brother Of the new leader In Wall street
speculation. Mr.. Bell has blue blood
m bic velna He was born In the pur-
pie. Hls lineage shows the eject OF cul-
fura In 1875. when a young man Of r.
Mr.. Louis V. Bell was admitted 10 this
floor Of The Stock exchange. He was
mild and gentle IN his way. and was
roon a great favorite with the younger
set The old men looked AZ him ask.
ancs. they gathered together and
prophesled disaster for him. He was
young. q man Of family and fortune
He vas . college man. with a meagrs
business training. According 10 all
precedenls-With a few exceptions
be was due 10 lose his fortune and be-
como an incubus on the street To-day
heis millionaire and his deal OF a day
Or two ago has set the speculative world
agog. Many Of the old men who pro
phe1led disaster for the smooth-vlsagod
collerlan he IN unknown graves.
Louis V. Bell spent hiioen years on
the Stock exchange before he began 10
10 Into the market 10 the extent thai
plunrcrs DO. II was not until 1891 that
10 ala anything 10 create particular re-
mark. This year. In conjunction with
other beara. numerous and influential
he began 70 pound the market along IN
the spring. Mr.. Bell was the leader II
this movement lie figured that IN
ENORMOUS floating debts Of many Of IN
railroads we're slowly but surely fore
ing them into the hands 81 receivers
and that he was right was shown 4
lses. when nothing but the cnormou
crops saved them. by the end OF Jul
the market was bad. and the bear syn
dlcale was IN the way 10 make a lot q
money. Early IN August Mr.. Bell an
Washington 4. Conner began 20 hul
They started the great bull market 1
August and realized a great fortune l
the advance IN stocks. Il was then tbs
Mr.. Bell showed for the irst time N
qualities that make him remarkable q
a speculator. Instead Of hanging I
the bear side Il was discovered that b
had gone over 10 the bulls. and va
working iusi a. hard for the advans
Of stocks ~ be had previously Worke
10 hammer them down.
when Mckinley was nominate
in 81 Louis there was
strong bull movement
wall street. The FIRST man TO sell N
market was Mr.. Ben. other bulls 10
lowed his lead, and they sold an n
way down the line from &c to 80 point
But be knew when TO let 80. Ahou
three weeks before the election he b
ran 10 buy 10. The other bulls over
stayed. They were not sure that Nc
Klnley was 70 be elected. but Mr.. Be
was sure enough 70 take a chance. II
wns on both sides Of the marke, q
once. and when be balanced up bis az
counts he found himself S25o,o0O to N
rood. This Il the new leader OF Wa
street Men Ike Louis Bell and Mau
rice wormseT. who made fortune i
sugar last sumner. are taking IN
places OF the old-time leaders Ike Ad
dlsoa cammack. Bell and Worrse
are considered the leaders Of a new re
rlme. Their methods are similar. bn
II Is thought Bell h the holder spec
ulalor. and the wiser.