The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1904-02-07

manipulation diminished. On the next
day he hoped 70 begin selling the pool
stock.
That very day Mr.. Greenbaum, as he
returned to his office from his lunch-
con. felt well pleased with the meal.
and therefore with himself, and there
fore with everything. He scanned a
yard or two OF the tape and smiled.
''Turp" was certainly very active and
very strong.
IN such a market thought Mr..
Greenbaum, Sharpe can't possibly tell
he's getting stock from me. In order
to be on the safe side I'm going to let
him have a couple of thousand. Then,
should anything happen, I'd be that
much ahead. Ike he called to a
clerk
Yes, sir"
"Seu two--wait: make it S,000-no.
never mind. Send for Mr.. Ed Lazarus"
And he muttered TO himself with a
subthrin of pleasure; Il can just as
I we'll as not make il 5000 shares
Eddie" he said to his partners son,
give an order to some of the room
traders, say, 10 Willie Schiff. TO sell
five-er-six, tell him to sell 1000 shares
Of Turpeutine and to borrow the stock.
am not selling q share, see2" with a
wink. Its short selling by him, do
you understand? ,"
do 7? Wen. j guess. I'll fix that
part o h" said young Lazarus COM
! placsntly. He thought he would cover
/ Greenbaum's tracks 50 well as to de-
/ csive everybody. including that highly
disagreeabie man. Samuel Wimbledon
! Sharpe He felt 50 confident, so elated,
/ did the young man, that when he gave
! the order to his friend and clubmate,
/ Willie Schiff, he raised it 20 10000
shares. Greenbaum's breach of faith
had grown from the relatively small
[ lot of 2,000 shares to FIVE times that
amount. II was to all appearances
short stock. and ii was duly borrowed"
/ by young Schiff. Il was advisable that
I it should SO appear. In the first place,
no member Of the pool could supply
/ the stock which he held, because
t sharpe could trace the selling TO the
Office, as he had. the numbers of the
I stock certificates.
Isidore Wechsler. who held u. coo
/ shares. was suffering from a had liver
/ the same day that Greenbaum was
/ suffering from nothing at all, not even
! a conscience. A famous art collection
would be sold at auction that week.
and he felt sure his vulgar friend, Abe
/ Wolf. would buy a couple Of exception
ally fine TrOyons and q world-famous
+ Corot merely to get his name in the
! papers.
e 'Turp' 627s. said his nephew, who
was standing by the ticker.
Then old Wechsler had an idea II
/ he sold 1000 shares of Turpentine aC
| 81 OF So. he would have enough to buy
the best ten canyases Of the collection.
| His name-and the amounts paid
would grace the columns of the pa
/ pers. What was 5000 shares, or even
/ 4.0o0, when Sharpe had made such a
big broad market for the stock
Why, I might as wei make il 5000
shares while I'm about it. for there S
no telling what may happen if Sharpe
/ should overstay his market. I'll build
/ d new stable at WesthUrst his coun-
/ try place-"and call it, said old Wechs-
/ Ter to himself, in mis- peculiar, facetious
+ way so renowned in Wall street, "the
/ Turpentine Horse Hotel. in honor OF
Sharpe" And SO his 5000 shares were
sold by Z. Halford. who had the order
from Herzog, Wertheim & Co. " no re-
/ ceived if from Wechsler 1t was short
/ selling. OF course.
+ Total breach OF faith, 1900 shares.
/ Now that very evening Bob Lind