The Coalville times. [volume] (Coalville, Utah) 1894-1923, 1907-09-27

CHAPTER SKtE.-Conuruea.
Th. uru news got Was that 1880
Vau Sect Dad disappeared As soon
ae Jho Stgk EA,huus, opened. Na
IouJl Coal became ihr feature But
instead OF wash stos. RocuucN
-JneIuu and Melville were them.
ryos tnrouEh various brokers buy.
mr. the stocks Boo large quantities tp
,r"p 'hU prices uu NN next letter
Nar as brief as mt nrst philippine
"Ilu Van Nest ia at the Hotel
Frankfort NovarK. under the name of
Thomas Lowry llo was boo telephone
communication with President Mel.
lille. Of the Rational Industrial bans
vice yesterday
The underwriters of the National
Coal cumranys new issurs. fright
snod by yesterdays exposure. have
compelled Mr. Rovhuck. Mr. Nov.
bray Langdon and Nh Melville them.
selves ~ buy So. yesterday those
three gentlemen bought with rcal
money, with their own money, large
quantities Of stocks which are worth
less than half what they paid Tor
them
They viii continue 10 buy these
stocks 30 long as the pubic holds
aloof They dare not let the prices
slump They hope that this storm
viii blow over. and that then the In.
yeHung public win forget and viii
"clicye them of their load
I had added. But this storm won't
blow over % viii become % cyclone.
! struck that ont so prophecy.
said I 10 myself Your rule. iron.
clad must bc-mcts. always facts.
only facts
The gambling section OF the public
took my hint and rushed into tho
market. the burden " protecting tho
underwriters was doubled and moro
anG more " the boarded loot was
dIsgorgod That must have been a
costly day-for. 10 minutes after the
Stock Exchange closed, Roebuck sent
for me
My compliments to him" said I to
his messenger but I am too busy.
III be glad 10 see him hero. however.
You know he dares not come TO
you said the messenger. Schilling.
president Of the National Manufac.
tured Food company. sometimes called
the Poison Trust N he did, and II
We're TO get out. there'd be a panic"
Probably" replied I with a shrug
"Thats no AFFAIR Of mine I'm not re-.
sponsblo FOR the rotten conditions
which these Bo.callcd hnancicrs have
produced. and I shall not be disturbed
by the crash which must come"
Schil.ng gave mo genuine look OF
mingled pity and admiration II sup.
pose you know what you're about,
said he. but / think you're making
= mistake.
Thanks Ned said HE had been
my head clerk few years before
and had got him the chance with
Roobuck which he had improved so
well I'm going 90 have some fun
Cant live but once
My daily letters had now ceased
10 bc advertisements, had become
news. sought by an the newspapers
OF this country und Of the big cities In
Great Britain ! could have made u
largo savug by no longer paying my
siXtyodd regular papers for inserting
them. But was looking too faI
ahead to blundor into that fatal mis-
take Instead ! signed "A years con
tract with each OF my papers, they
guaranteeing To print my advertise
ments. ] guaranteeing 10 protect then
against loss ON libel suits | organ
ICED a dummy news bureau, and
through It got contracts with the tele
graphic companies Thus insured
against the cutting Of my communica
tons with the public, ! was ready ion
the real campaign
II began with my History OF The
National Coal company ! need moi
repeat that famous history here
need recall only the main points-hov
proved that the common stock wal
actually worth less than two dollars
share, that the bonds were worth lesi
than twenty-five dollars In the hun
dred. that both stock and bonds were
illegal: my detailed recital Of th'
crimes Of Roebuck, Melville and Lang
don in wrccking mining properties, II
wrecRinp coal railways, In oiecunl
American labor and substituting
helots from eastern Europe, how the
had swlndled and lied and bribed
how they had twisted the books o
the companies, how they were plan
ming to unload the mass OF almos
worthless securities az high prices
then TO get from under the marke
and let the bonds and stocks dro
down TO where they could buy them Il
on terms that would yield them NOR
than $50 per cent ON the actual cap
tai invested Less and dcarer coal
lower wages and more Ignorant labor
ers; enormous profits absorbed with
out mercy into a few pockets.
on the day the seventh chapter q
this history appeared the telegrap
companies notified me that they woul
transmit no more Of my matter The
feared the consequences In libel suit
explained Moseby, general manager c
one OF the companies.
But / guarantee to protect you,
"a