The Saint Paul globe. (St. Paul, Minn.) 1896-1905, 1904-02-07

1T is understood" said Sharpe slow
ly, that / am to have complete charge
of the pool, and conduct operations as
l see fit. 1 want no advice and no
questions. If there is any asking to
be done I'll do it. If my way does not
suit you We'll call the deal off right
here, because it's the only way have.
1 know my business, and if you know
yours you'll keep your mouths shut in
this office and out of it.
Each of you will continue to carry
the stock for which he has agreed to
stand in the pool. You've had it a year
and couldn't sell it, and you might
keep it a few weeks more, until l sell
it for you. 1t must be subject to my
call at one minutes notice. I've look
ed into the company's business, and [
think the stock can easily sell at rs
or So"
Something like a gasp of astonish-
ment came from those eight hardened
spectators. Then Greenbaum smiled,
knowingly, as if that were his pro-
gramme, memoriZed and spoken by
Sharpe.
1T is also understood" went on
Sharpe, very calmly, that none of you
has any other stock for sale at any
price, excepting his proportion in this
pool and that proportion, of course, is
not to be sold excepting by me-" No
one said a word, and he continued:
MY profit will be 25 per cent of the
pools winnings, figuring on the stock
having been put in at 20. The remain
ing profits will be divided pro rata
among you; the necessary expenses
win be shared similarly. / think that's
all. And, gentlemen, no unloading on
the sly-not one share"
Il want you to understand, Mr..
Sharpe, that we are not in the habit
of" began Greenbaum with perfume
tory dignity. He felt it was his duty
to demonstrate before his colleagues.
ooh, that's all right, Greenbaum. 1
know you. That's why I'm particular.
We've all been in Wall street more
than month or two. 1 simply said,
No shenanigan.' And, Greenbaum,"
he added, very distinctly, while his
eyes took on that curious cold, menac-
ing look, L mean it, every id word
of it. want the numbers of all your
stock certificates. Excuse me, gentle
men. l am very busy. Good after
noon"
"Sam is not half a bad fellow"
Greenbaum told them, as if apologizing
for dead friends weaknesses. HE
wants to make out he's a devil of a
cynic, but he's all right. If you humor
him you can make him do anything.
[ always let him have his way"
On the very next Qdy began the MS
torical advance in turpentine. 1t
opened up at 80. The peciaIties-bro-
kers who made a speciality of dealing
in it-took $4,000 shares, causing an
advance to 921s. Everybody who had
been landed with the shares at high
er figures and had bitterly regretted
it ever since now began to feel hope
full. AS never before a stock had been
manipulated with intent to deceive and
malice prepense, so did Sharpe manipu-
late turpentine stock. The tape told
the most wonderful stories in the world.
not the less wonderful because utterly
untrue. Thus one Day the leading
commission houses in the street were
the buyers, which Inevitably led to
talk of important Developments; and
the next day brokers identified with GER
tain prominent financiers took calmly.
deliberately, nonchalantly all the offer
lngs, which clearly indicated that the
aforementioned financiers had acquired
controlling interest majority
OF the stock-of the American Turpen-
tine company. And on another day
there was long string of purchases
OF odd" lots-arnounts less than 100
shares-by brokers that usually did