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

the market that week and the next. Ten days after
Carey had bought his 100 shares at "a the stock so
The young man went into the office Of TreadweI &.
Co on the seventh day. He knew he had made a
Of having at his age-but he did know to do
now de heard one man say 70 another: Take
Iis Not at this price E. sure to go to
Carey figured that if he waited for the stock IN
sell at 10 he would make nearly $1,000 more
There is no use of being q blamed hog" the
continued. with picturesque emphasis but where in
money by selling out too soon? Limit your losses and
They stood in the corridor OF the partitioned Office
the crowd Of men, all of them customers OF Treadwe
q Co., excepting the newspaper reporters. who had
called for their usual daily Interview with the famous
leader OF the stock market There were two United
who had inherited fortunes doubling them in
the stock market three OF four gray-hared shrewd-
faced capitalists whose names appeared many times
in the financial pages Of newspapers; bakers dozen
ern railroad president with rudy face and a snow
Whlte beard: two famous physicians the vice presi-
little man with quiet almost apoIogetfc LOOK who
seldom smoke and 79a,-ey s11iie5 ~ 49, ~
colonel himself, was beyond question the heaviest
plunger in the Office.
The colonel of his office to go to his
brothers room, where, seated about long polished
table. were several directors Suburban Trolley
company-men TO whom the newspapers always re-
ferred not by name but prominent insiders" It
was very important gathering 1t involved no less
than final understanding in regard to the great troll
ley pool whose operations later on were to become
historical in Wall street was as one Of the spec
lators outside put it, show down-the cash
resources aValable Tor pool purposes
certained each announcing the proportion the
100000 shares for which he willing to put up
Carey was standing by the door Of Wilson Tread
wells office. He did not feel altogether comfortable
among so many elderly and obviously very rich men.
onel passed he paused and said in a low voice. Got
The customers in the corridor men who by the col
each of Easton g. Allentown leaned SoJysrJ 80
All men who north of Wall would not have
depended on it, In brokers' Once SUCH notions We're
q hat
twenty pairs Of eyes were looking fxedy the great
leader of the stock market and the young clerk
The colonel felt this intuitively He confirmed it
with quick glance of his sharp little eyes He had
rot sold all his Easton & Allentown but dspos-
ing of 1t just as fast the market would It
was not likely that the stock would go much higher
w all street ever Ioath TO believe well of any stock
operator, used TO comment sneerngly on the fact
that the world heard much about "TreadweH buy
ms DuI H-' eI a WOIu ABOUT the IreadWeu selling.
If the colonel gave a hint to the customers there
MAKE me price OF the stock break sharply. and this
would not benefit any one. He had advised them
buy the stock at 80 and SIT LOG now. He had
more than done his duty. they did not sell out in
the hope of making more. it their own lookout
pleasant little clerk from up the state. who had
brought in his entire fortune his accumulated savings
Posing he should tell that he had been advised to sell
There would be the deuce to pay!
The colonel took chances out of one corner Of his
the bow and so that the V1afcbirs r,Is IE H [t
suspect what he doing he shot quick whisper
"a lobsided but philanthropic afair-at him: Look
at the color Of your money. boy, Take your profits
and say nothing ne walked into the room
where the Suburban Trolley magnates awaited him
impatently.
Carey. thrilled but taciturn, gave his order to sell
his EastOn & Allentown unsupported by the mob.
Ihey sold II for him at lo5 13 Deducting commissions
and interest charges the colOneFs whisper had put
$1,000 in the young clerks pocket
And the stock little higher and then de-
cined slowly to about 90. The customers all made q
great deal Of money it was, but not as much as
they would have taken OUT Of the EastOn q Al
lentOwn deal if they had overheard that one OF
Colonel Treadway's many whspers-lObsded but phil
anthrOpic affairs!
COPYRIGHT 1902