Waterbury evening Democrat., 1907-08-21

Wdo q uau olc, as tuc lcdct lulOI iuou on the floor knew that there was tremendous amount of Sugar stock in the hands of Washington novices at speculation and of others who had bought it at high prices. Sugar was now dropping two. three, five dollars 8 share between trades, and the panic was spreading to the other poles, as is always the case, for when there are sudden large losses in one stock. the, losers must throw over the other stocks they hold to meet their loss, and thus the whole structure tumbles like house of cards. Sugar had just crossed no when the loud bang of the presidents gavel resounded through the room. Instantly there was a si- lence as of death. All knew the meaning of the sound. the most ominous ever heard in a stock ex- change, calling for the temporary suspension of business while the presi- dent announces the failure of some member or house
 PERKINS, BLANCHARD q co. Announce that They Cannot Meet
 Their Obligations.
 This statement that one of the old est houses had been swamped in the crash Bob had started caused further frantic selling, and. as though every member had employed the Hull to re- All his lungs, howl arose that pealed and walled to the dome.
 I watched Bob closely; in fact, 1t was impossible for me to take my eyes of him; he seemed absolutely unmindful of the agonizing shrieks about him, for the frenzied brokers were no longer crying their bids or offers. but screaming them. He still continued relentlessly to hammer Sugar, offering 1t in thousands and tens of thousand lots.
 Again and again the gavel fell, and again and again an announcement of failure was followed by blood-curdling howls. When Sugar struck So-not 1s0. but plain S0-it seemed that the last day of stock speculation was at hand. Announcements were being made every few minutes of the failure of this bank. the closing of the doors of that trust company. Where would it end? What power could stop this Niagara of molten dollars? Suddenly above the tumult rose Bob Brownley's voice. He must have been standing on his tiptoes. His hands were raised aloft He seemed to tower c head above the mob. His voice was still clear and unimpaired by the terrible strain of the past two hours. To that mob 1t must have sounded Ike the trumpet of the delivering angel. "S0 for any part of 25.ooo Sugar" Instans ly Sugar was hurled at him from all sides of the crowd. He was the only buyer of the moment who had appear ed since Sugar broke 125. Barry Con- ant and his lieutenants had disappear ed like snowfakes at the opening of the door of the nrebox of . locomo- tive speeding through the storm. In a few seconds Bob had been sold all the 25.o0o he had bid for. Again his voice rang out: 80 for 25.ooo." The sellers momentarily halted. He got only few thousand of his 75. "s5 for 26.o0o." Afew thousand more. go for s75.0o0.", Still fewer thousands. His bidding was beginning to tell on the mob. A cry ran through the room into the crowds around the poles: 'Brownley has turnedl"-and taking renewed courage at the report, the bulls rallied their forces and began to bid for the different stocks. which . moment before it had seemed that no one wanted at any price.
 In a chip of a minute the whole scene changed; there vas almost ss vild a panic on the up aide as there had been on the down Bob BrowuIey continued buying Sugar until he had pushed 1t above 1so. He then vent sbount tsllying up bis trades. At the end of ten minutes calculation be re- turned to the center and bought H. GO shares more: coming out his ere czusht mine.
 Jim. have you been here longg-
 ~An eternity. I vas here at the opening snd pray Cod never to put me tkrozsh another tro hours Hks the past tEo. IL seems . hideous dream. . nixhtnsre Bob ia the nxue q Got. wtsf hare you n>>.