The Manitowoc pilot. [volume] (Manitowoc, Wis.) 1859-1932, 1901-10-17

VI lIlC NNClAilSC htLS SloNtN' VIII
the sieht-seers who are always il
force when the market is excited. The
hand on the big clock slowly APP
preached the hour of ten. The thou
sand or more brokers gravitated to.
wards the various standards which
bore the names of the important trad.
ing stocks.
Did you ever make the experiment
with iron filings and a magnet? Place
such filings on a sheet Of paper and
pass a magnet under the paper. The
tiny bits Of metal will mass themselves
in peculiar AND irregular figures. As
the magnet moves, kaleidoscope
changes will be effected. Individual
filings will detach themselves from
one mass and fly to another.
Such was the scene on the floor OF
the New York Stock exchange. The
great gong sounded. The murmur be
came as the roar of freight train
as it dashes past the echoing walls of
station At the signal OF the gong
a thousand weil-dressed men became
maniacs. Their faces grew purple
Madness glared from their eyes. They
assault one another. In their demonia-
cal fury coats were ripped from shoul-
ders, hats crushed, and scarfs torn
into shreds. With waving arms and
extended fingers, with voices raspinC
shrill, vibrant, hoarse, thunderous
menacing, incoherent-it was the in.
carnation of riot, the sublimated
sence of disorder AT times a ma
could be seen fighting his way out o.
one or these human whirlpools. lie
would clutch men by the threats
they would not know if nor care 70.
it. He would jam his elbows into
their Sides and after a struggle seem.
ingly hopeless, would escape from the
surgipg mass with eyes tuiging anN
face bruised in the conAict. Vow
may search the world scattered tribes
Of aborigines and you cannot aL.
proNimate a scene equal to this IL
savagery. The thin veneer of civil
ization is melted in the heat of LUST.
In a thousand Offices men pale with
excitement hang over the tickers, or
follow with nervous glance the boy
as he records the quotations on the
bulletin board. The loungers alone
are in repose. The attempted jest of the
wit is received with mirthless laugh
ter The affected nonchalance of the
loser deceives not even himself. The
Joy of the winner is savage in its grin,
selfishness. Such are the catacombs
of Wall street-a crypt swept by the
winds of the worst human passions.
and relieved by hardly a spot where
sympathy can find a resting place. In
hundred cities and towns, restless
eyes follow the moves as they are
made on the great gambling board.
From countless sources money is abb
sorbed and attracted to this common
center, TO swell the profits of the
magnate or pay the expenses of the
commission brokers.
The market opened strong and at a
slight advance in spite of large offer
ings of stock by Kent brokers and
from Street,& Representing for their
unknown principles-the market held
it own the first half hour. 1t was at
this time that vague and portentious
rumors were circulated on the floor,
and whispered over telephones. These
rumors were greeted with general in
credulity, but the effect on the mar.
ket was apparent from the time
the first suspicion was breathed Lor-
don, Chicago and other speculative
centers continued buying and selling,
unconscious of the shadow which was
now darkening the street.
The storm broke at II o'clock.
The yellow slips distributed by n
news agency contained the following
paragraph in doubleleaded type:
'11:05 a. m. Andrus Carmody, Palmer
J. Morton, r. j. Kent and Simon Pence
cannot be found They were last seen in
Mr.. Morton's offices about four o'clock
yesterday afternoon. Their relatives know
nothing of their whereabouts The po-
lice and detective force have been no.
tified''
\ message of similar purport was
recorded on the tape.
Any description of the scenes which
followed on the floor of the Stock ex-
change would be deemed exaggeration
by those who have never seen a specu-
lative panic sweep all before it. The
tempest was loosed. Before it's fury
the sturdy financial oaks bent in the
blast. The puny speculative saplings
were uprooted and -