New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1907-07-05

market operations during the past twenty years. by men
who, measured by any OF the real standards OF great
ness leadership. would be admitted to the 9oor OF inc
London New York Stock Exchange only after mental
and moral fumgatOn
This is changed now Wall Street has awakened 70
the fact that in spite of all its myrladS OF bralny ne-
in spite OF all the money all the cunning all the effort
of its combined system for sucking exchange OF 81
curities for the peoples savings, ITS warehouses gar
rets and cellars full to bursting with bonds ana
stocks which would return the people so 70 100 per cent
more on their savings than they receive from banks
ard trust companies, and every day It becomes more
patent to the world that there they VIII remain WINE
higher and higher will the people pile their savings IN
less the Wall Street system OF conducting operations
Changcs-it IS about to change.
1t was only a few years ago that the New York
Stock Exchange notified me that ! must cease pubic
criticism OF stocks dealt in the floor, my house
would be expelled and when pointed to the fact that
there was law Stock Exchange rule to justify
their threat they promptly made one, and | got ont.
With what result: That was barred from doing bust
with the Stock Exchange? No This ore phase
alone shows that the members OF the Stock EN-
change see the dcstructvenesS OF old methods My
accounts to-day are III scores OF the best Stock EN-
change houses, and am importuned constantly by tn,
balance 10 open new ones. rms IS no secret Ioi open
" advertise that l. who have bought and sold more
stock than any other living dead stock operator, con
my business entirely 10 securities dealt III on the
Stock Exchange And again. in the midst OF one OF ,l1c
duest and most depressed conditions III the history OF
American stock exchanges lust before | went 70 Flu
rope | announced, by public newspaper advertisement,
the merits OF the 10000 shares OF Trinity. then selling
below In sixty days. with daily Stock Exchange
- and to-day. the face OF the slump and the
great depression it holds at d 200 per cent advance.
To make my Trinity test a correct one
followed It up with newspaper advertisements that /
was looking the OF Nevada tab, and m
stantly, with transactions OF shares
per dav it advanced i 30 per cent and the banks and
companies banking and brokerage houses through
ont America received orders TO- 100000 shares hat
could he traced chow much would have TO be
guessed at) and the orders had attached instructions
that they should be executed at the market
as nv advertisement saving buy appeared.
So overwhelming this demonstration that tie
people demanded change in the system Tor the conduct
the stock business that did not dare advertise the
word to buy through fear that Nevada tab stock the
purchase OF which would have willingly recommended
twenty times is selling price, with disastrous after Ell
fects
Before passing to the next section OF my statement
wish To 90 on record that my opinion the days OF
silent stock! business have passed return and
that IN the coming open demonstration OF offering
the expenditure OF only million a million and
quarter dollars new paper advertising tthe under
writing commission alone under the old system OF sell
ing bonds would he twenty-five fifty millions
to exchange their accumulated savings banks,
trust companies and tockings II only they given
square deal
Right here | would impress upon the investing and
specializing public OF America and Europe that OF the
than Sf,OOoOoO I have paid out for financial adj
for editorials, disguised reading notices financial
writers for "DISinercsted PuffS' every dollar went
for legitimate advertising advertising that all could
know >rch) also that the vast which arc
be spent Tor advertising under my direction the COM
ing campaign VIII 20 for legitimate advertising only
viii go for disguised advertising for the
dishonest puffcry OF the financial public opinion
mouldcr.