The Spanish Fork press. [volume] (Spanish Fork, Utah) 1902-current, 1907-09-26
,uaprER xxIx.-contlnued.
0(E2YZAGl1ZZ A0

me Stick ENciidhSe opohSo' Az"
= coal became the feature. But,
"a of wash sales" Roebuck.
Am and Melville were them
!. through various brokers. buy
~ stocks in large quantities to
ne prices up. My next letter
,s brief as my first philippe:
m van Nest is at the Hotel
,lfort Newark. under the name of
mas Lowry. He was in telephone
rmunlcation with President Mel
n the National Industrial bank,
he yesterday
me Underwriters of the National
N company's new issues, fright
nv Yesterdays exposure, have
buelled Mr. Roebuck, Mr.. Now
Iangdon and Mr.. Melville them
rs to buy. SO, yesterday. those
No gentlemen bought with real
Dpy. with their own money, large
,ptities of stocks which are worth
than half what they paid for
n
They will continue to buy these
sss so long as the public holds
pI They dare not let the prices
knp They hope that this storm
blow over, and that then the in
iting public will forget and will
eye them of their load"
had added But this storm won't
Nv over. 1t will become a cyclone"
struck that out. mo prophecy"
d to myself Your rule, iron
y must be-facts, always facts;
facts,
The gambling section of the public
u my hint and rushed into the
rket the burden Of protecting the
ierwrlters was doubled, and more
more of the boarded loot was
gOrged That must have been a
ktly day--for, 10 minutes after the
sk Exchange closed, Roebuck sent
me.
Ny compliments TO him." said | to
messenger, but | am too busy.
be glad to see him here, however.
You know he dares not come to
said the messenger, Schilling,
sdent of the National Manufac-
ed Food company, sometimes called
Poison Trust. IF he did, and it
re TO get out, there'd be a panic"
Probably" replied | with a shrug.
hats no affair of mine, I'm not re-
pnsible for the rotten conditions
lch these so-called financiers have
Nuced and shall not be disturbed
The crash which must come"
Ehilling gave me a genuine look of
nsled pity and admiration. II cup
Pc you know what you're about"
be- but think you're making
mistake"
r Thanks, Ned said The had been
head clerk few years before,
4 had got him the chance with
eauck which he had improved so
u I'm going to have some fun.
lt live but once"
Ay daily letters" had now ceased
De advertisements, had become
VS. sought by all the newspapers
'als country and of the big cities in
eat Britain. | could have made a
&c saving by no longer paying my
Ecdd regular papers for inserting
n- But was looking too far
ad to blunder intoSthat fatal mis-.
e Instead, ! signed years con-
g with each of my papers, they
Planteeing to print my advertise
nus ! guaranteeing to protect them
Finst loss on libel suits. | organ.
dummy news bureau, and
Ough it got contracts with the tele-
aphlc companies. Thus insured
Finst the cutting of my communities
S with the public, / was ready for
real campaign.
began with my History OF the
uOhal Coal company" | need not
eal that famous history here
% recall only the main points-how
OVed that the common stock was
ually worth less than two dollars a
'afe that fh. bnpde. drnra month loco
twenty-five dollars in the hun
~ mat both stock and bonds were
sas my detailed recital of the
aes oil Roebuck, Melville and Lang
~ wrecking mining properties, In
'ehhg coal railways, in ejectine
e'ican labor and substituting
!" from eastern Europe; how they
4 swlndled and lied and bribed
'hey had twisted the books OF
"a "mpanies, how they were plan
70 unload the mass of almost
81 ~iess securities at high prices
4 10 get from under the market
3 e' the bonds and stocks droI
70 where they could buy them II
ellns that would yield them more
1oO per cent on the actual CAPT
Invested. Less and dearer coal
= wages and more ignorant labor
enormous profits absorbed with
mercy into few pockets,
.he day the seventh chapter o.
history appeared. the telegraph
spanies notified me that they would
,aa't no more of my matter. The,
NV Nv me consequences in libel suit
'a'Hed Mosebv General manager G.