Monroe City Democrat. (Monroe City, Mo.) 1888-1919, 1907-10-03

to bring on a panic.
Second, il An exchange member for
any reason should find himself over
board and should realize that he must
publicly become bankrupt and lose aIII
he surely would be a fool not to at
tempt to produce a panic, when its
production would enable him to recoup
his losses and prevent his failure, and
when II by accident he should fail in
his attempt to produce a panic, the
penalty would simply be his bank
ruptcy, which would have taken place
in any event.
"The third class is that large one
that always will exist while there is
stock-gambling, a class of honest,
square-dealing-p lay-the game fair ex-
change men who would take no unfair,
advantage Of their fellOw-members I'm
til they become awakened to the
knowledge that they are about To be
ruined by their fellow-members' trick
cry.
Next, let us consider further wheth-
er it Is possible for our exchange to
prevent my device from being wOTised,
now that 1t is known to all. Suppose
the governing committee was informed
in advance that the attempt to work
the trick was to be made. II, at any,
session, after Eong-strike, the govern
ing committee, or any exchange au-
thoTity, could for any reason compel =
member to cease operating, even for
the purpose of showing that his trans
actions were legitimate, the entire
structure Of stock-gambling would fall.
Think it through: Suppose a man like
Barry Coaant or myself, or any active
commission broker, begins the execu-
ton Of a large order for a client, one,
say, who has advance information of a
receiyership, a Are at q mine, the
death OF a president, q declaration Of
war, or any Of the hundred and one
items of information that must be
acted upon instantly, where a delay of
a minute would ruin the broker. or his
house, or its clients. II the governing
committee could thus call the broker
to account, the professional bear or
the schemer, who desired to prevent
him from selling, would have but to
| pass the word to the president of the
| exchange that the broker in question
/ was about to work Brownley's discov-
/ cry and he could be taken from the
| crowd and before he returned his
| place could be taken by others and he
could be ruined.
Men of Wall street, it is impossible
| to prevent the repetition of those acts
by which in eve years l have accunu-
| lated a billion dollars, impossible so
long as short sale or a repurchase
! and resale, is allowed. When short
sales, and repurchases and resales, ara
made impossible, stock speculation will
be dead. When stock speculation IL
dead, the people can no longer be
robbed by the System In leaving
you, the exchange, and stock gambling
forever, as 1 shall when leave this
platform. will say from the depth Of
a heart that has been broken, from the
profoundly of a seul that has been
withered by the Systems poison, with
a full sense of my responsibility to my
fellow-man and to my God, that l ao.
wise every one Of you to do what
have done and to do it quickly, befOrS
the doing of it by others shall have
made it impossible, before the doing
Of it by others shall have blown up the
whole stock-gamhling structure. In
accepting my advice you can quiet
your conscience, those of you whe
have any, with this argument: IF
start, am sure of success. II I sue
coed, no one will be the wiser. The
millions secure 1 will take from mer
who took them from others, and who
would take mine. The more 1 and
others take, the sooner will come the
day when the stock-gambling struc
ture will fall
1.-The day on which the stock-gam
bling structure falls is the day fol
which all honest men and womer
should pray"
Bob BROMLEY paused and let hi
, eyes sweep his dumfounded audience
There was not a murmur. The GROVE
= was speechless.
, Again his eyes swept the room
Then he slowly raised his right hant
: with fist clenched, as though about Z
}, deal a blow.
4 men of Wall street"-his voice wa
Y now deep and solemn-"to show tina
. Robert BROMLEY knew what was a
o ting for the last day of his career, h
Q has revealed to you the trick-an
y more.
k Many of you are desperate. Man