The White Pine news. [volume] (Ely, Nev.) 1906-1910, 1907-08-24

fort to sell. All could now feel the
coming panic All could see that it
was a bad one, as the least informed
on the floor knew that there was
amount of Sugar stock in
the hands of Washington novices at
speculation and of others who had
bought it at high prices. Sugar was
now dropping two, three, five dollars
a share between trades, and the panic
was spreading to the other poles, as
is always the case, for when there are
sudden large losses in one stock, the
losers must throw over the other
stocks they hold to meet their loss,
and thus the whole structure tumbles
like house of cards. Sugar had just
crossed ITO when the loud bang of the
presidents gavel resounded through
the room. Instantly there was ST.
lence as of death. All knew the
meaning of the sound, the most
ominous ever heard in stock ex.
change, calling for the temporary
of business while the presi-
dent announces the failure of some
member or house.
PERKINS, BLANCHARD & CO.
Announce that They Cannot Meet
Their Obligations.
This statement that one of the old
est houses had been swamped in the
crash Bob had started caused further
frantic selling, and, as though every
member had employed the lull to re.
fill his lungs, howl arose that pealed
and walled to the dome.
l watched Bob closely; in fact, 1t
was impossible for me to take my
eyes off him; he seemed absolutely
unmindful of the agonizing shrieks
abb : him, for the frenzied brokers
wer, no longer crying their bids or
offers, but screaming them. He still
continued relentlessly to hammer
Sugar, Offering it in thousands and
tens of thousand lots.
Again and again the gavel fell, and
again and again an announcement Of
failure was followed by blood-curdling
bowls. When Sugar struck 80-not
$50, but plain S0-it seemed that the
last day of stock speculation was at
hand. Announcements were being
made every few minutes of the failure
of this bank, the closing of the doors
of that trust company. Where would
it end? What power could stop this
Niagara of molten dollars? Suddenly
above the tumult rose Bob Brownley's
voice. He must have been standing
on his tiptoes. His hands were raised
aloft. He seemed to tower a head
above the mob. His voice was still
clear and unimpaired by the terrible
strain of the past two hours. To that
mob it must have sounded like the
trumpet of the delivering angel. 80
for any part of $4,000 Sugar" Instant
ly Sugar was hurled at him from all
sides of the crowd. He was the only
buyer of the moment who had appear
ed since Sugar broke 1876. Barry Con-
ant and his lieutenants had disappear
ed like snowfakes at the opening of
the door of the firebox of locomo-
tive speeding through the storm. In
few seconds Bob had been sold all
the $4,000 he had bid for. Again his
voice rang out: 80 for 25,O00" The
sellers momentarily halted. He got
only few thousand of his rs. "85 for
$4,000" A few thousand more. go for
25,000." Still fewer thousands. His
bidding was beginning to tell on the
mob. A cry ran through the room
into the crowds around the poles:
"Brownley has turned!'-and taking
renewed courage at the report, the
bulls rallied their forces and began
to bid for the different stocks, which
a moment before it had seemed that
no one wanted at any price.
In chip of a minute the whole
scene changed; there was almost as
wild panic on the up side as there
had been on the down. Bob BROMLEY
continued buying Sugar until he had
pushed it above $50. He then went
abount tallying up his trades. At the
end of ten minutes calculation he re-
turned to the center and bought H.
900 shares more; coming out, his eye
caught mine.
Jim, have you been here long?'
"An eternity. l was here at the
opening and 1 pray God never to put
me through another two hours like
the past two. 1t seems hideous
dream, a nightmare. Bob, in the
name of God, what have you been
doing?"
He gave me a wild, awful look of
exultation. Sublime triumph shone
in those blazing brown orbs, triumph
such as / had never seen in the eyes
of man.
Jim Randolph, have been giving
Wall street and its hell system dose
of its own poison, good full-measure
dose. They planned by harvesting a
fresh crop of human hearts and souls
on the bull side to give Friday the
18th a new meaning. Tradition says
Friday the 18th is Bear Saints day.
believe in maintaining old tradi-
tons, SO l have harvested their hearts
instead l will tell you about it some
time, Jim, but now 1 must see Beulah
Sands. Jim Randolph, I've saved her
and her father. I've made them a
round three millions and strong
seven millions for myself"
He almost yelled it as he rushed
away and left me dazed, stupefied. A
and l came to. Something
urged me to follow him.
Continued Next Saturday,
FRANK EDWARDS