Ceredo advance. [volume] (Ceredo, W. Va.) 1885-1939, 1907-02-13
THE
SPENDERS
A Tale of the Third Generation
BY HARRY LEON WILSON
Q. -
Copyright, by Lo,hrop Publishing Company
CHAPTER XXJV

CHAPTER XIV.
HOW THE CHINOOK CAME TO WALL
STREET
The loss Of much money is com
monty subject to be managed with
brevity and aversion 10y one who sits
flown with the right reverence for
hheets Of clean paper. To bewail is
painful. To affect Ilghtness, on the
ather hand. would. in this age, SAVIOR
OF inslncerity. IL not OF downright
blasphemy. More than O bare recital
Df the wretched facts. therefore. is not
seemly.
The Bines fortune disappeared much
as heavy fall OF snow melts under
the Chinook wind.
That phenomenon is not uninterest
ing. We may picture a far-reacbIng
waste of snow, wind-furrowed until il
resembles .biliowy white sea frozen
motioniess. The wind blows half a
Eale and the air is full OF fine ice crys
tails that sting the face viciously. The
sun, lying low on the southern horizon.
seems mere frozen globe. with Ius-
trous pink crescents encircling It,
One day the wind backs and Shifts
half-frozen range cattle sense II by
some subtle beast knowledge They
are no longer afraid to lie down as
they may have been for a week. The
danger Of freezing has passed The
temperature has been at so degrees
below zero. Now, suddenly il begins
TO rise. The air Is scarcely in mo-
ton, but occasionally il descends as
out OF blast furnace from overhead
To the southeast Is a mass OF dull
black clouds. Their face is unbroken.
But the upper edges are ragged. torn
by a wind not yet felt below. Two
hours later It's warmth comes. In ten
minutes the mercury goes I'D 35 de-
Erees. The wind comes at a 30-mile
velocity. 1t Increases I'm strength and
warmth. blowing with a mighty roar.
Twelve hours afterward the snow.
three feet deep on level. has melted.
There are bald, brown hills every
where TO the horizon. and the plains
are Hooded with water. The CbinooI,
mas come and gone. In this manner
suddenly went the Bincs fortune.
April 80, Consolidated Copper closed
~ VI. TWO days later. May 2. the
drop of 40 points Roughly the decline
meant the loss OF 500 600 900 20 the
$4,000 shareholders From every city
same Inflated stock closed at 5l-a
Vt importance IN the country came
caies more or less tragic Of holdings
wiped out, Of ruined families. OF dofal-
'atlons and suicides The losses i'm
Rev York city alone were said TO be
S5OOOO00O. a few largo holders. re-
p1ted TO enjoy inside information.
we're said TO have put their stock aside
ard sold short IN the knowledge OF
what was coming Such tales are al
ways popular in the street
others not less popular had tn do
WIN the reasons for the SLUMP MANY
Wero plausible. a deal with the Rotbs.
childs for control 81 The Spanish mines
had fallen through Or. again the
Slaughter was due 10 the Sheplcr g-oup
~ Fedcfal OIL operators. who we're
Dent on forcing some one to unload a
great quantity Of the stock 40 that
they might absorb IT, The Immediate
causes we're less reconcile. The Con
so'idatsd company. so far from con
FOinn6 inc output, vas suddenly
'fown 70 control actually less than So
per cent o. It. IT'S efforts to amend
o' repeal Che hardy old law 81 supply
nnd Demand had sipply met with the
indifferent success thst has marked all
such efforts since The first attempted
corner in stone batchets. or mastodon
tusks or whatever II may have been
q he -.
paper critics. the Trust" had been
founccd on miBconceplion and
prompted along lines q sc.f-destruc-
ION. rs fundamental principles we're