The San Francisco call., 1903-09-27

gave an order to a clerk to buy 100 shares
OF Easton and Allentown Railroad stock
at the market or prevailing priOe for
the utmost gravity. The smallest Stock
Exchange house would not accept such
pitifuI account. TreadwelI q Co., being
the largest. would and dld.
The colonel shook hands with young
Carey, whose father had once edited a
country newspaper, but who had never
been an intimate friend, told him to
Come again any time" and went back
to his accomDlices.
Easton and Allentown stock was the
feature" of the market that week and
the next. Ten days after Carey had
bought his hundred shares at "a the stock
sold at 106.
The young man went into the once OF
Treadwell & Co. on the eleventh day. He
knew be had made a great deal OF money
more than he had ever thought OF hav-
ing at his age-but he die not know what
to do now. He heard one man say to
another: Take profits7 NOT at this
price. E and A Is sure to go to u5
Carey figured that II he waited for the
stock to sell at us he would make nearly
q thousand dollars more.
There Is no use OF being a blamed
hog" the man continued, with picturesque
emphasis, "but where IN blazes Is the
sense Of throwing away that much money
by selling out too soon? Limit your
losses and let your profits run"
They stood in the corridor OF the par
titioned office the crowd OF men, all OF
them customers OF Treadwell & Co., ex-
cepting the newspaper reporters, who had
called for their usual daily interview with
the famous leader OF the stock market
There were two United States Senators,
an ex-Congressman. a score OF men who
nj
them In the stock market. three or four
prav-hatred. shrewd-faced capitalists.
whose names appeared many times In the
financial pages OF newspapers; a oakers
dozen Of prominent municipal pouuclans'
a well-known Western railroad president
with a ruddy face and a snoW-Wnite
heard: two famous physicians. The VICE
president OF a life insurance company.
half score OF wholesale n1erchants and
Iow-voiced insignificant little man with
a ouiet. almost apologize look, VINO sell
dom spoke and never smiled put VINO,
next 10 the colonel himself, was beyond
question the heaviest plunger In the once.
The colonel came out OF his once 70 80
70 his brothers room. where. seated about
a long polished table, were seVerA olrec1-
orz Of the Suburban Trolley Company
men to whom the newspapers A"Ays TO
Ter-ed not by name, but as "prominens
insiders" 1t was q very Important gAtn-
ertnR It involved no less than nna1 ur-.
derstanding in regard to the great troll
Law nool." whose operations later on were
10 become historical In Wall street. IL
was as one Of the spectators outside put
= "a case of show down"-the cash re-
sources available for pool purposes, eacn
man announcing the proportion OF the
100 900 shares for which be Was WILING 70
put up" u
Carey was standing BY the door Of VIII
IL ~ Il
together comfortable among 30 many eld-
erIy and obviously very r4oh men his
dtf1dence was the saving OF him. Tor az
the colonel passed he paused and said In
A low voice, "Got your stock yetr
The customers In the corridor, men who
by the coloneTs advice were carrying
from 500 to 10 900 shares each OF Easton
ana Allentown. leaned forward eagerly.
All were men who north OF Wall street
would not have stopped to listen TO 9th
eru' conversations II their lives depended
on II In a brokers' of1ce such notions
were absurd, almost wicked Certainly
at that moment twenty pairs Of eyes were
looking hxedly at the great leader OF InS
stock market and the young clerk
The colonel felt this intuitively. He
confirmed IT with a quick glance OF hia
sharp little eyes He had not sold all his
Faston and Allentown, but was dlgposing
OF II Just as fast as the market would
take It. It was not likely tnat Lne STOCK
would 90 much higher. Wall street, sveR
10th to believe well Of any stock operator,
used to comment sneerfngfy on the fact
that the world heard much about tho
''Treadwen buying" but never . word
about the 'sTreadweu selling"
II the colonel gave hint to the Gus
toners there would Be an avalanche %
selling orders that would make the price
Of the stock break sharply. and this
n a.
vised them to buy the stock at % and %
lit was los now. He had more than done
his duty. II they ala not sell out, In thu
hope Of making more, It was thear cvn
lookout.
But there was the boy with the 100
shares, the pleasant little clerk from up
the State, who had brought IN Ids entire
fortune, his accumulated savings OF t1o.
He was a stranger to Wall street. BuA