The Nevada County picayune. (Prescott, Ark.) 190?-current, 1908-01-16
(9>sS)
FRIDAY |
| THEl 3MZH |
a Novel by n
THOMAS ". LAWSON \
Author of
"Frenzied Finance"
Copyright. 1907, Doubleday. Page & Coz
CHAPTER lX.-Continued.
Author Of
"Frenzied Finance"

This was easy, because Barry
<Conant. not knowing of my newly
invented trick, could buy only what
he could pay for on 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
I could compel those who had bought
TO resell to me at millions 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 l was able to smash.
and smash, until the price was so low
chat he could not by the use OF what
ne had bought. as collateral, borrow
sufficient to pay me for what | had
cold him. Then he was compelled to
turn about and sell what he had
bought from me, and when | had re-
bought it for ten millions less than
had sold 1t for. the trick had been
turned. | had sold him 100, 900 shares
say at 220 He had sold them back
Co me say at 1870, 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
Conants clients, the System were
ten millions losers-and all by a trick.
The trick did not differ in principle
from the one in constant practice by
the system When the System.
after manufacturing Sugar stock. sell
100000 shares to the people for s10,.
100000, they so manipulate the market
by the use of the $4,000. 900 that they
have taken from the people as to scare
them into selling the 100000 shares
back to them for $4,000 000. After
they have bought they again manipu-
late the market until the people buy
back for $4,000 600 what they sold for
S5000,000. The System commits no
legal crime. | committed no legal
crime | had not even infringed any
rule of the exchange, any more than
had the System when they performed
their trick. Since my experimental
panic | have repeatedly put the trick
In operation and each time | have
taken millions. until to-day | have in
my control, as absolutely as though
had honestly earned them, as the la
borer earns his weeks wages. or the
farmer the price OF his crops. over
$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 ock-gambling game.
that the American people, with their
sooasted brains and courage, come year
after year with their bags of gold, the
result of their prosperous labors, and
dump them hundreds of millions, into
this gambling inferno OF yours. You
know that they are fools. these silly
millions OF people whom YOU term
lambs and suckers You chuCkle as.
year after year, having been sent away
shorn. they return for new shearing.
You marvel that the merchants manu-
facturers, miners. lawyers. farmers.
who have sufficient Intelligence to
gather such surplus legitimatcly, would
bring 1t to our gambling nell where
upon all sides is plain proof that we
who conduct the gambling, and who
produce nothing, are Obliged 10 take
from those who do produce, hundreds
Of millions each year for expenses.
and hundreds OF millions each year for
profits-for you know that we have
nothing to give them in return for
what they bring to us. You know that
every dollar Of the billions lost in Wall
street means higher prices for steel
rails, for lumber and cars. and that
this means higher passenger and
freight rates to the people You know
that when the manufacturer brings his
wealth to Wall street and is robbed of
II, he will add something 10 the price
of boots and shoes, cotton and waolen
clothes. and other necessities that he
makes and that he sells 10 the people.
You know that when the copper, lead,
Tin. and iron miners part with their
surplus to the System it means
higher prices TO the people for their
copper pots and cutters for the water
that comes through lead pipes, for
their tin dippers and wash boilers. and
for their rents, and all those neces-
stiles into which machinery, lumber,
and other raw and finished material
enters. You know that every hundred
millions dropped by real producers to
the brigands of our world means lower
wages or less of the necessities and
.uxuries for all the people. and cape