Martinsburg statesman-democrat. [volume] (Martinsburg, W. Va.) 1906-1921, 1907-08-16


compel him either before or after he
| offers to sell to show his ability to
| deliver, away goes the Safeguarding
| structure, because from the very ma
| ture of the whole structure of stock
gambling the Sc ne shares are sold
and resold may times in each session
and the seller cannot know, much less
show, that he car deliver until he first
| adjusts with the buyer and the buyer
! cannot adjust until after he has be-
come such by buying. If a rule were
made compelling a seller to show his
responsibility before selling, every
| member would have every other mem
Der at his mercy and there cold be
| no stock gambling. When had worked
this out, | saw that while the few trick
| sters of the System had a perfect de-
| vice for taking from the people their
| wealth, | had discovered as perfect
, means Of taking away from the few
| the wealth they had secured from the
| many. With this knowledge came
! conviction that my way was as honest
| as the 'System's,' in fact, more honest
| than theirs. They took from the inno-
| cent, took from the guilty what had
| already been dishonesty secured |
| determined to put my discovery into
| practice.
Il might never have done SO but for
| that Sugar panic in which | was
robbed of millions by the System
+, through Barry Conant. In that panic
! the System with it's unlimited re-
/ 6lchnd hn 1N,y
| the arbitrary manufacture of stocks
| and by their manipulation did to me
| what | afterward discovered | could
| do to them, without any resources
| other than my right to do business on
| the floor of this exchange. You saw
| the outcome, in the second Sugar
| panic of my first experiment In
| few minutes | cleared profit of $10,-
! 100000. l could have made it fifty mil.
| lions, or one hundred and fifty, but I
| was not then on familiar terms
| with my new robber-robbing device,
| and l had yet heart. To make
| this ten millions of money, all
| that was necessary for me to do was
(! to sell more Sugar than Barry Conant
| could buy. This was easy, because
| Barry Conant not knowing of my
newly invented trick, could buy only
! what he could pay for Oh the morrow,
| or, at least, what he believed his
| clients could pay for; while |, not in
| tending to deliver what ] sold-unless
| by smashing the price to point where
| could compel these who had bought
| to resell to me at millionG less than ]
| sold at-could sell unlimited amounts
| literally unlimited amounts. When
| Barry Conant had bought all that he
| thought he could pay for, he was
| obliged to beat a retreat in front Of
| my offerings, and | was able to smash,
| and smash, until the price was so low
| that he could not by the use OF what
| he had bought, as collateral, borrow
/ sufficient to pay me for what had
/ sold him. Then he was compelled to |
klrn about and sell what he had
bought from me, and when 1 had re-
! bought it for ten millions less than |
had sold it for, the trick had been
! turned. 1 had sold him 100000 shares
! say at 220. He had sold them back
! to me say at 120, and he stood where
| he had stood at the beginning. He
| had none of the 100000 shares. Both
| Of us stood, so far as stock was con
| cerned, where we had stood at the be-
| ginning, but as to profits and losses |
| there was this difference: | had ten
| millions Of dollars profits, while Barry
| Commits clients, the System, were
/ ten millions losers-and all by trick.
| The trick did not differ in principle
| from Tie one in instant practice by
| the System When the System
! after manufacturing Sugar stock, sell
! 100000 shares to the people fer $10,-
| 100000, they so manipulate the market
| by the use of the S10,000,000 that they
have taken from the people as to scare
| them into selling the 100000 shares
back to them for $5,000,000. After
they have bought they again manipu-
| late the market until the people buy
back for s10,000,000 what they sold for
| $4,000 600 The System commits no
| legal crime. | committed no legal
, crime. | had not even infringed any
I! rule of the exchange, any more than
had the System when they performed
! their trick. Since my experimental
| panic l have repeatedly put the trick
| in operation, and each time l have
taken millions, until to-day | have in
my control, as absolutely as though l
| had honestly earned them, as the Ia
! borer earns his weeks wages, or the
| farmer the price of his crops, over
I! $1,000 100000, or sufficient to keep en-
| shaved the rest of their lives million
| people.
what do you intelligent men think
/ of this situation? You know. because
! you know the Safeguarding game,
| that the American people. with their
. boasted brains and courage, come year
after year with their bags Of gold, the
I, result of their prosperous labors, and
dump them, hundreds of millions, into