The White Pine news. [volume] (Ely, Nev.) 1906-1910, 1907-09-14
MAKES A MILLION
ON COTTON EXCHANGE
NEW TEXAS MEMBER SHOWS
EASTERNERS A THING
OR TWO.

NEW YORK, Sept. 11.-Mike
Thomas is now hailed as the new cot
ton king. He already ranks as the
bull leader at the cotton exchange,
and Wall street is expecting him to
start the fireworks going soon. Six
months ago he was worth $3.50, 200.
Now he is rated as a millionaire,
with other millions in sight.
In July the Texas law abolishing
brok erage Offices went into effect and
Thomas came on to New York. He
got the reception of his life. He put
new life into the market from the
moment he stepped upon the floor of
the cotton exchange. He has been
the dominant figure ever since he ar
rived.
Mike Thomas made good" be-
cause he was steadfast. He believed
he had planked down his money on
the winning color and he "let it ride
Others grew shaky and sold out and
went Short Mike simply bought
more. When the wires brought him
the news that the leading bulls had
sold ont and turned bears a little
above II cents, he sized up his profits
up to that point. They were big
bigger than he dared to believe It
was the critical moment
Puts "Grizzlics" To ROut
He had chance to join in the
movement to force a decline and
shake out the little fellows" or
take the brunt of the selling run
of the big fellows He chose the lat
ter course. He doubled and trebled
his holdings. le bought cotton by
the tens of thousands of bales The
market responded to his enormous
purchases and he knew he had won
out. A few more big buvinS orders
and the big grizzlies were in full
retreat, and Mike Thomas sold them
the cotton they wanted in order to
cover shorts.
Mike Thomas is from Dallas, Tex,
where for years he has conducted a
brokerage business. He is the head
az the firm of NJ. II. Thomas & Co.
throughout the cotton trade he is
known as Mike" Thomas and he is
proud of it. He is the mikiest Mike
that ever bore the Celtic cognomen.
He signs his name Mike His ca
BILE address is Mike" He would
rather be called Mike" than be pres
ident.
King Bull of the Herd.
OF an the bulls that ever sounded
the slogan for higher prices Mike
Thomas is the most bullish. He is a
bull by nature, instinct, training and
profession. No one ever heard him
say that cotton was high enough. If
he thought so he kept his opinion to
himself. He can kill" a crop in
more ways than Lucretia Borgia
could get rid of her enemies. And
above all he knows cotton. He has
he was "bawn an bred in a cotton
patch" In many respects he is the
most picturesque figure in the cotton
world today
The only way to describe Mike
Thomas is to say that he is Mike
Thomas, and therefore different
from anybody else. In Wall street
he is as much of an anachronism as
Sam Houston was in congress. He
has the homely wit of David Harum
His language is as picturesque al
that of the old cattlemen in Alfred
Henry Lewis's "Wolfville' yarns, ant
no man in the country can tell
story better than he.
Can Preach and Play Poker.
He began life as a newsboy in tn
streets of Dallas and afterwards be
came cowboy. He is n versatil
citizen. He can read Greek, preac
sermon, make an after-dinne
speech that will set the coolest aud
ence in roar, play poker, cate
as many fish as Grover Cleveland an
kill as many birds as any profession
al marksman. He is not afraid c
anything that walks, crawls or flies
With all the interminable statistic
of the cotton trade at his tongue
end he never uses any except tn
Continued on page eight)