The White Pine news. [volume] (Ely, Nev.) 1906-1910, 1907-07-27

was completely In the dark as to what
he was doing stockwise. Up to that
Saturday I was the first to whom he
would rush for congratulations when
he struck 1t rich over others on the
exchange, and he invariably sought me
for consolation when the boys upper
cut him hard" as he would put it..
Now he never said a word about his
trading. | saw that his account with
the house was inactive that his bal
ance was about the same as before
Miss Sands advent, and 1 came to
the conclusion that he was resting on
his oars and giving his undivided at
tention to her account and the exc
cution of his commissions. His hand
ling OF the business of the house show.
ed no change. He still was the best
broker on the floor. However, know
Ing Bob as I did, I could not get 1t
out of my mind that his brain was
running like mill-race In search of
some successful solution of the tre-
mendous problem that must be solved
in the next three months.
Shortly after the October state
ments had been sent out, Bob dropped
in on Kate and me one night After
she had retired and we had lit our
cigars in the library he said:
Jim, / want some of that old-fash-
Toned advice Of yours. Sugar is sell
ing at 10, and 1t is worth it; in fact
1t is cheap. The stock is well distrib-
uted among investors, not much of
1t floating round the street. A good
big buying movement, well handled.
would jump 1t to It's and keep 1t there.
Am l sound?"
/ agreed with him.
"All right. Now what reason is
there for good, big, stiff uplift? That
tariff bill is up at Washington. If it
goes through, sugar will be cheaper
at ITS than at no."
Again agreed.
STANDARD Oil and the sugar peo-
pie know whether it is going through,
for they control the senate and the
house and can induce the president to
be good. What do you say to that ?''
20. H." l answered.
mo question about 1t, is there"
mot the slightest"
Right again. When 26 Broadway
gives the secret order to the Washing
ton boss and he passes 1t out to the
grafters, there will be quiet accumu-
lation of the stock, won't there?"
(*"2e Broadway" is the. Wall street fig
ure of speech for STANDARD OIL" which
has its home there)
You've got that right, Bob"
And the man who first knows when
Washington begins to take on sugar is
the man who should load up quick
and rush it up to high level. If he
does it quickly, the stockholders, who
now have it, will get juicy slice of
the ripening melon, slice that other
wise would 60 to those greedy hypo-
critics at Washington, who are always
publicly proclaiming that they are
there to serve their fellow country
men, but who never tire Of expressing
themselves to their brokers as not be-
Ing in politics for their health"
80 far, good reasoning" l corn
mepted.
"Jim, the man who first knows when
the senators and congressman and
members of the cabinet begin to bu,
sugar, is the man who can kill foui
birds with one stone: Win back o
part of Judge Sands stolen fortune;
Increase his own little pile against the
first of January, when, If the little Vir
ginian lady is-short a few hundred
thousand Of the necessary amount, he
could, If he found way to induce heI
to accept it, supply the deficiency
fatten up good friends bank account
million or so, and do right good
turn for the stockholders who are
about to be, for the hundredth time.
bled out of profit rightfully theirs"
Bob was afire with enthusiasm, the
first l had seen him show for three
months. Seeing that had followed
him without objection SO FAR, he con.
tinued.
well, Jim, l know the Washington
buying his begun. All know / have
dug out for myself and am free to use
it any way I choose. have gone over
the deal with Beulah Sands, and we
have decided to plunge. She has a
balance of about 100000, and | am
going to spread it thin. / am going to
buy her 10000 shares and take on TO-,
900 for myself If you went In for 90,
900 more, it would give me a wide sea
to sail in. l know you never specu
late, Jim, for the house, but I thought
you might In this case go in person
| ally"
Don't say anything more, Bob"
replied. "This time the rule goes by
the board But 1 will do bette; III
| put up a million and you can go as
high as 10000 for me. That will give
you buying power Of 100000, and
want you to use my last $4,000 shares
as a LITTER"
had never speculated in share
of stock since l entered the firm Of
Randolph & Randolph, and on general
special, and every other principle was
opposed to stock gambling, but saw
how Bob had worked 1t out, and that
to make the deal sure it was necessary
for him to have a good reserve buy
ing power to fall back on 1t, after he
got started, the System" masters
whose game he was butting in to and
| whose nlans he might unset shoulf