Gunnison news-champion., 1907-07-05

fortune AID oIsep ss&Ar6oscS- noss ~
x.xs braa faIsad sizk Herss esossSh
10 s.1eulys the crtEaes Tep~s: ss~;
t1e-. a.. al az tsE..es cScaauGe meE.-
b,..rs ~ho al coEsr1ss sry crssae. barr
ing .r-baus. mE-6er. Ia gasr r..itons.
Thaf you RAY see that ny successoEs
sin sar.ls csE..c from yosE r.sest iEors
time te aiEas aa-ins rne fasuEe exist
.pce q tac exch&nSe. . SiA enunerate
tn. asE-rcui classes n useasscrs who
~il fol.oz II ms foossseys;
First. the In God We Trust
schea.er wFho J. 81 the system yT~.
bsf Shs j. o.stsiae the magic circle. 4
n.Aa q thIs class vii reason J snoU
scores af rlen. ~ao stand high oa the
Street asa IA the sscisl world. Who
have tens ct millioIs thai they have
hiched by system tricks. II moi hy
legal crimes II ! perform this trick
Of Browul.v 5. the trick oi selling
short until a panic - produced. ! shall
make millions and sons viii be the
wiser For ali I know. many OF the
mr-lfi-miliioBaircs whom ! have seen
proasce panics aud xhe were applaud
ed BY the Street and the press for
their ability and daring. and whose
stsndinn. business and social. Is no~
the highest were only doing this same
thing and having been successful. they
have never been detected or suspected.
But even suppose | fail which can
only be through some extraordinary
accident happening while ! am en-
gagged In selling. ! shall have com
mitted no crime. and. in fact, shall
have done no one any great moral
wrong. Tor If | fail to carry out my
contract 10 deliver the stock | have
sold in trying to produce a panic. the
men TO whom | have sold viii be no
worse on for not receiving what they
bought. in fact. they viii stand just
where they stood before ] attempted
to bring on a panic.
Second. n an exchange member for
any reason should find himself over
board and should realize that he must
publicly become bankrupt and lose all.
he surely would be a fool not to at
tempt TO produce panic when its
production would enable him TO recoup
his losses and prevent his failure. and
when If by accident he should fail m
his attempt To produce = panic. the
penalty would simply be his bank
ruptcy, which would have taken place
in any event.
The third class is that large one
that always will exist while there il
stock gambling class of honest,
square-dealing-p play the game fair ex-
change men who would take no unf; r
advantage Of their fellow members un-
til they become awakened to the
knowledge that they are about to be
ruined by their fellow members trick
cry.
er II is possible for our exchange 10
prevent my device from being worked.
nov that it is known to all Suppose
the governing committee vas tseDeOoA
u advance that TIE attcaPt - vsrh
the trick vas to ~ made n, at any
session. after goaG strike. the Oovesu.
ing committee. or any exchange ~.
thOrity. could for any reason compel q
member to cease operating. even foe
The purpose Of showing that his trans-
actions were legi innate, the entiro
structure Of stock gambling would fall.
Think 1t through; Suppose q nan hkO
Harry COaant or myself. q sny activo
cOmPtssiOa broker. begins the execu-
tion Of . large order for q client, one.
say. Who has advance Information of Q
recefvership, ? fire ~ . mine, the
AAath 1f
war. or any OF Il hundred and one
items of informal on that most bo
acted upon instantly, where a delay q
minute would ruin the broker. or his
house. or its clients. II the governing
committee could thus call the broker
to account the professional bear o.
the schemer, who desired to prese t
him from selling. would have but to
pass the word to the president of ia
exchange that the broker in question
was about to work Brownley's discov.
cry and he could be taken from the
crowd and before he returned hia
place could be taken by others and he
could be ruined
Men Of Wall street. it is impossible
to prevent the repetition OF those acts
by which in five years | have accumu-
lated billion dollars, impossible so
long as a short sale or q repurchase
and resale. is allowed When short
sales. and repurchases and resales. ara
made impossible. stock speculation will
be dead. When stock speculation Is
dead. the people can no longer be
robbed by the System In leaving
you. the exchange. and stock ga milling
forever. as ] shall when / leave this
platform. | will say from the depth of
a heart that has been broken. from the
profoundly of soul that has been
withered by the Systems poison. with
full sense of my responsibility to r:7y
fellowman and to my God. that I a..
wise every one OF you to do what 1
have done and to do it quickly, before
the doing of it by others shall have