Barton County democrat. [volume] (Great Bend, Kan.) 1885-1915, 1906-12-28

broker. am interested only in m
customers"
And shut myself in, giving stric
orders to Joe that there was to be n,
talking about me or my campaign
i don't purpose to let the newspaper
make US cheap and notorious" said
we must profit by the warning II
the late OF all the other fellows VIII,
have sprung into notice by attachin,
these bandits"
The first news I got was that Bill
Van Nest had disappeared. AS soor
as the Stick Exchange opened, Ma
uonal Coal became the feature. But
instead OF wash sales" Roebuck
Langdon and Melville we're them
selves, through various brokers, buy
Ing the stocks in large quantities t
Keep the prices up. My next lettel
was as brief as my first philippe:
"Bill Van Nest is at the Hote
Frankfort, Newark, under the name n
Thomas Lowry. He was in telephonit
communication with President Mel
Vlile' OF the National Industrial bank
twice yesterday.
The underwriters of the Nationa,
Coal company's new issues, fright
ened by yesterdays exposure. have
compelled Mr. Roe6uck, Mr.. Now.
bray Langdon and Mr.. Melville them
serves to buy. So, yesterday, those
three gentlemen bought with real
money, with their own money, large
quantities of stocks which are worth
less than half what they paid for
them.
They will continue to buy these
STOCKS so long as the public holds
aloor. They dare not let the prices
slump. They hope that this storm
Will blow over, and that then the in.
Vesting public will forget and will
relleVe them Of their load"
l had added: But this Storm wor,,
dow over. 1t will become a cyclone "
l struck that out. mo prophecy 4"
SAD to myself. "Your rule iron.
clad, must be-facts, ALWAYS facts.
only facts"
The gambling section Of the public
took my hint and rushed into the
marset; The burden of protecting the
underwriters Was doubled, and more
ana more Of the boarded loot was
disgorged. That must have been a
costly day-for, 10 minutes after the
Stock Exchange closed, Roebuck sent
for me.
MY compliments to him." said I to
ms messenger, but l am too busy.
l IL De glad to see him here, however
You know he dares not come to
you" said the messenger, schillipg.
president Of the National Manufac.
tured Food company, sometimes called
tne Poison Trust. IF he did, and It
were to get out, there'd be a panic"
Probably" replied with a shrug
Thats no affair Of mine. I'm not re.
sponsible for the rotten conditions
which these so-called financiers have
produced, and shall not be disturbed
by the crash which must come"
Schilling gave me genuine looA OF
mingled pity and admiration. 81 SUD-
pose you know what you're about"
said he, "but think you're making
q mistake"
Thanks, Ned" said The had been
my head clerk a few years before,
and had got him the chance with
Roebuck which he had improved so
well. I'm going to have some fun.
Yah i've Out once.
My daily letters" had now ceased
to be advertisements, had become
news, sought by all the newspapers
OF this country and Of the big cities in
Great Britain. | could have made a
large saving by no longer paying my
sixty-odd regular papers for inserting
them. But | was looking too far
ahead to blunder into that fatal mis-.
take. Instead, signed years con-
tract with each of my papers, they
guaranteeing to print my advertise
ments, guaranteeing to protect them
against loss on libel suits. organ.
lied a dummy news bureau, and
through it got contracts with the tele-
graphic companies. Thus insured |
against the cutting Of my communica-
lions with the public, / was ready for
he real campaign.
1t began with my History OF the
National Coal company" | need not
repeat that famous history here. II
iced recall only the main points-how !
proved that the common stock was
actually worth less than two dollars a
share, that the bonds were worth less
han twenty-five dollars in the hun
lred, that both stock and bonds were
Illegal; my detailed recital OF the
'rimes Of Roebuck, Melville and Lang
Ion in wrecking mining properties, in
vrecEing coal railways. in ejecting
American labor and substituting
lelots from eastern Europe; how they
lad swindled and lied and bribed:
low they had twisted the books Of
he companies, how they were plan 7
ling to unload the mass of almost
worthless securities at high prices.
hen to get from under the market
nd let the bonds and stocks drop
own to where they could buy them in
N terms that would yield them more