The Birmingham age-herald., 1907-10-28
MADE MILLIONS
 BUT HE HAS QUIT Wall Street Plunger Tells His
 Experiences TALKS ABOUT THE LEADERS  ]. Brandt Walker Declares Hartman and Rogers Are Greedy and Are Menace to the Country in
 Their Methods.
TALKS ABOUT THE LEADERS

New York. October 27.-"Advice to young men? Better go to John D.. Rock efeller for that. He gives it to them and then takes their money-and their fathers too"
 J. Brandt Walker, Wall streets newest ten-striker, lay back in his big leather chair and laughed.
 Its all a science and you've got to study the market for yourself" he ran on. I've closed out 100000 shares in the last three weeks, and Pm just keeping 15,000 or 10000 to scalp the market with when I feel like it.
 One would have thought that this new est millionaire was talking about his new automobile or his yacht, as he puffed a cigar and rattled along. But here was aman who had made $3,000O00 in three months, and only a year ago was down and out-s1. 100000 to the bad. He bearded the market and plunged. He has won.
 Wall street hardly knows the man he has come and gone so quickly. And he has taken the money with him, too. He has made it by science, not by luck. Now he is retiring to enjoy the fruits of his victory. He worsted the sharpest wits of Wall street and he isn't afraid to tell of it.
 'Im tired of this fake gambling" said MT. Walker, taking a cigar from the humidor, and I've resolved to quit. This country is prosperous enough, but we've got to get rid of these men who are robbing us right and left
 How He Became a Bear.
 "A year ago l made up my mind that we were sure of a panic There wasn't enough money in the country to save it. It looked very strange to me that Union Pacific could sell down from 195 to 127 and yet pay a dividend of 10 per cent l made up my mind that there was some- thing wrong somewhere and decided to plunge on the bear side and get stake before they could stop me.
 ''I noticed that the big men-Harriman and Rogers-were getting too greedy. They wanted to make their money too quickly. So I decided to go just against the market. I made up my mind to be bear in the face of eight years of the greatest prosperity the country ever had. They thought was crazy.
 What l thought was right These men bought Baltimore and Ohio and H. linois Central and Pennsylvania and Reading and then turned the stocks into the Union Pacific. That devoted road had to saddle them at top prices. Poor U. P! The public wouldn't have bought 200 shares at the same price. I made up my mind that stocks were going to break and break hard
 Hartman and his bank declared big dividends for all these stocks and the poor public came in hand over fist. At the same time the bonds of the same lines and other lines were going begging l. said to myself: We've got to absorb the bonds before we can have good times, and are the people ready to buy them? In the past six months the railroads have issued S4o0.0OO,O0O worth of bonds and haven't sold 10 per cent of them.
 Bonds Bought For Interest.
 A man dosnt buy bonds to make money. He wants them for interest. He puts his money in them for investment. Now, if the bonds couldn't sell, I argued to myself, why should the stocks sell so high? So I turned bear and sold short
 Meanwhile Hartman had declared a 10 per cent dividend on Union Pacific. and Rogers had ordered an per cent divi- dend on Amalgamated I had positive knowledge that Rockefeller, at a direc- tors meeting found that the company could pay per cent and ordered s, just to force up the price of the stock.
 And what happened? They got peo- pie into the market who never traded be-  public, big take. Union Pacific declined to S5 points and still paid 10 per cent. Amalgamated dropped 80 points. I could not see it. So l sold everything short. If bonds hold up when stocks are dropping then there is a chance, but these people couldn't sell their bonds to investors-all they could do was to sell their stock to speculators.
 Gradually they got in all the public, people who had never traded before. Then the bottom started to fall out of the market, and they tried to blame 1t on President Roosevelt. He had no more to do with 1t than I had.
 Rogers had 500,O0O0o0 pounds Of copper and he wanted to keep up the price. So he shipped it secretly all over the country and hid it. Then he got out of Amalga- mated Of course, by hiding all this cop per he held up the price of the metal and paid big dividends.
 He Was Broke a Year Ago.
 "A year ago l was all in--I had lost a million. Then I started studying. I watched the crops, the bond sales, the stock sales. I got a theory that if bonds couldn't be sold, though stocks paid dividends, there was something wrong.
 q realized that these men without any principle were doing everything they could to ruin the country. We aren't ruined. What we want is to get rid of these people-thes Harrimans and Rogeres and others of their stamp. They owned the banks and they knew just the condition of the country by