The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1903-09-13

sfih1fth have been all manner of big stock operators
and leaders in Wall street-genuemanly, well
educated leaders with gift Of epigram. and foul
spoken leaders who knew little of grammar as Of
manners; leaders to whom the market only
the Monte Carlo of the tape and leaders whom it
was means to end; cool. calculating steel-nerved
leaders the ddgety mpusive excitabe leaders: lead
ers who were church pillars and abstainers. and
leaders whose only God the ticker whose most
brilliant operations were carried during the course
breathess history of Wall street had there been lead
not only the shoestring SPECTATORS but
the very richest Of the rich! Never before leader
mlose WORD IooK the place OF sJ'-isc information
whose mere Il buying it, f-orc D. asers
for stock than all the glowing -os pc ctuscs all
the accountants andavits and all the bankers est-
mates.
At first Wall street said the public was suffering
from an epdelnlc OF speculative insanity; that Col
onel Treadwe was merely bold operator backed"
he not skillful 'manipulator" of values but by
sheer brute force of tremendous buying he made those
stocks advance with which he identified, and
that Of course the public always follows the stocks
that are made active, and many other explanations.
but in the end Wall street to realize exactly %
what it was that the blind devotion the speculative
public for the colonel was due Defying ~ traditions
upsetting all presidents, violating all rules driving
all the veterans TO the verge Mysteries and bank
ruptcy by his daily defiance Of accepted views as to
the art OF oper zting in stocks Colonel Josiah r. Tread
well founded new school: He told the truth.
The colonel sat in his Office alone with his thoughts
The door was Open-it always Open-and the
clerks and customers of TreadweH & Co. as they
ers broad kindly face and shrewd little tvinlIing
eyes mat seemed TO smile at them. They wondered
they wished with all their purses they knew
IL
they might get in the ground floor"
The famous operator sat n revolving chair by
his desk. He had turned his back an accumulation
of correspondence. and he rotated from right TO
LETT and from left 60 right The tips his shoes-he
and he swung his feet contentedy A ticker whirred
away bithely and from time time Treadweu ceased
his rocking and his foot-swinging and glanced 10
Vially at the ticker tape From his window he could
see a mississippi of people or bit of New York
Iler SKY nut MS restless eyes roaming and skip
customers wondered Sbetba tb ris AS anu t tle
Inc way the colonel had planned ticker was
meditative look what was the odd man
scheming? The bears had better be on their guard!
AS matter of fact Josiah T. Treadweli was thinking
that his brother Wilson. who had left him a few min
utes before certainly growing bald He also won
dered whether people who advertised "restorers ana
,tnyigorators' were veracious or merely wall
streety,' he put it himself
a young man. an utter stranger to Colonel Tread
We'll, halted at his door and looked the leader OF
the stock market hesitatingIy.
Come in. come in, called out the colonel cheeriy.
Won't YOU walk into my parlor2"
M Good morning, Colonel TreadweIl' said the lad,
who are you and what can do for vou?" said
the colonel, extending his hand
The youth did not heed the chubby outstretched
m l'e MY name ne saidg very formally and intro
UGg 1or ny rs carey Ny father used to know
Wei said the colonel. encouragingly, shake
was a pleasant-faced. peasant-voiced young fellow
Tredweh thought He was a good hearted. jocuar
old fellow. unlike what imagined the leader of
the stock market would be Carey thought
les. went on the colonel I remember your
friends, and am always glad their sons When
in my favor and was beaten by a large and entbu-
sastic majority. haven't your father in twenty
odd years-not since he wrong and took to poll
We'll Colonel Treadweu~ laughed Carey. ct guess
dad did his best for you. you didn't go to con
Eress you're better off, from all read in the papers
You would have thought they had known each
That's what I say; have to- ehuckIing.
colonel said the young man boldly, I've come
70 ask your advice