The San Francisco call., 1904-04-10

shares. Greenbaums breach of faith
had grown from a relatively small lot
of 1000 shares to five times that
amount. 1t was to all appearances
short stock, and it was duly borrow
ed" by young Schiff. 1t was advisable
that 1t should so appear. In the first
place no member of the pool could sup
ply the stock which he held, because
Sharpe could trace the selling to the
Office, as he had the numbers of the
stock certificates.
Isidorc Wechsler, who held $4,000
shares. was suffering from bad liver
the same day that Greenbaum was suf
feFing from nothing at all, not even ii
conscience. A famous art collection
would be sold at auction that week,
and he felt sure his vulgar friend, Abe
Wolff. would buy a ascouple of excep-
tionally fine Troyons and a world-fam
Gus Corot merely to get his name in the
papers.
'Turp, So 49," said his nephew,
who was standing by the ticker.
Then old Wechsler had an idea. If
he sold 200O shares OF Turpentine at So
or 63. he would have enough to buy the
best ten canvases OF the collection. His
name-and the amounts paid-would
grace the columns of the papers What
was 5000 shares, or even 1000 shares,
when Sharpe had made such a big,
broad market for the stock?
why. l might as we'll make it 5000
shares while I'm about it, for there's
no telling What may happen if Sharpe
should overstay his market. I'll build
new stable at Westhurst''-his coun-
Il <1I1 " Aol,c
Ter to himself, in his peculiar, facetious
way SO renowned in Wall street, the
Turpentipe Horse Hotel, in honor of
Sharpe And so his 5000 shares were
sold by E. Halford, who had the order
from Herzog. Wertheim & Co., who re-
ceived it from Wechsler. 1t was short
selling, of course.
Total breach of faith, $4,000 shares.
Now, that very evening Bob Lind
heims extremely handsome wife want
ed a necklace. and wanted it at once;
also she wanted it of filbert sized dia-
mcnds Lindheim, to his everlasting
credit, demonstrated and told her:
Wait until the pool realizes, sweet
heart. 1 don't know at what price that
will be, for Sharpe says nothing. But
! know that We'll all make something
handsome, and so will you I'll give
you 500 shares at 30. There"
Lend me the money now, and I'll
pay it back to you when you give me
what 1 make on the DEAL" she said,
with fine finality. And seeing hesita-
tion in Bob's face, she added soemnly:
Honest, 1 will. Bob. I'll pay you back
every cent this time"
I'll think about it, said Bob. He
always said that when he had capitu-
lated, and she knew it, and so she said,
magnanimously, Very we'll. dear"
Lindheim thought 1000 shares would
do it, so he decided to sell a Thousand
the next day, for you can never tell
what may happen, and accidents sell
dom help the bulls. But as he thought
of 1t in his office more calmly, more de-
liberately, away from his wife and from
the influence she exercised over him,
it struck him forcibly that it was wrong
to sell 1000 shares of Turpentine stock.
He might as we'll as not make 1t 2500;
and he did. He was really a modest
fellow, and very young. His wife's
cousin sold the stock for him, appar-
emily short.
Total breach of faith. 1850 shares.
The market stood it we'll Sharpe
was certainly a wonderful chap.
Unfortunately, Morris Steinfelder
decided to sell 1900 ''Turp." and did
so. The stock actually rose half
point on his sales. So he sold another
1900 and, as a sort of parting shot,
500 shares more. All this through an
unsupported broker.
Total breach of faith, $1,000 shares.
The market was but slightly affected.
Then Louis Reis of Refs Stern,
candy Fischel of Kohn, Fischel &
Co.. Hugo Zeman of zeman Bros. and
Joe, Shaffran of Rosenthal, Shaffran
& Co. all thought they could break
their pledges to Sharpe with impunity,
and each sold to be on the safe side.
This last lump figured up 1o.4o0
shares.
Total breach of faith, 31.400 shares.
The market did not take it well.