Evening star. [volume] (Washington, D.C.) 1854-1972, 1909-07-25

regarded as strictly in accordance with
the rules of the game. The yarn is that
this energetic soldier of fortune was sub
jected to treatment which in miidest de-
scriptton might be called foul. 1t is rep
resented that stocks in his specialties.
United Copper. Ohio and Davis-Daly, all
mining companies. which had been put up
by him as collateral on loans were ruth
lessly sold out. proceeding which COM
PEELED him to put up more and more of
the collateral and use the money to pro-
tect market forced down by sales OF
his own stock.
Heinze's Plight.
1t is said that this process was carried
on until about all of the stock he could
command had been put up and sold out.
process which put the market down to
point that exhausted his margins and
left him stripped Of both cash and securi-
ties. This is not new thing in Wall
street, but 1t is only now and then that
the facts are allowed to come out. The
game was tried two or three years ago on
veteran operator who was heavily long
OF Southern Pacific and who was antago-
nizfng the powers that be. In that case
however, the intended victim caught on
before the game had gone far and he was
able to protect himself.
Morse, the deposed ice king. claims to
nave been similarly treated by men de-
trolling ownership of the several Heinze
mining companies is now said TO be very
widely scattered, although interests iden-
tilted with Amalgamated are reported to
be quietly picking up what they can get
hold of without boosting the market
What >Heinze is going to do, now that
control of his cherished properties has
been wrested from him, Is not known.
MOST OF his time for awhile will probably
be taken up in defending himself in the
ttcv H.
him.
Some of Mr.. H. c. Tricks friends are
inclined to Josh" him over the impor-
tant Piece of International news cabled
to one of the New York papers. few
days ago from London that he had tust
closed deal with haberdesher for the
purchase of dozen suits of silk under
wear for $3.50. An amateur cartoonist
was showing sketch about the street
representing hairy-legged cave man
mentionables and complaining that they
scratched him. The cave gentleman
was labeled Prick
Tipped for a Big Rise.
Colorado Fuel and Iron has been most
industriously tipped for a big rise. The
story behind the tipping campaign is
that Colorado Fuel and Iron is to be
taken into the projected combination of
port was made to do service for several
years that the company would be alb
sorbed by the big steel trust. The new
story will probably be called on to do
service until the merger is actually con-
summated and the name Of the Coiorado
The tlpster factory In this case seems
to be LOCATED In the back room Of an i'm
portant kanking institution sometimes
credited with grapevine connections with
the stock exchange in the Interest of a
Standard Oil contingent.
Now that the Frenchmen have finished
the job OF sticking a harpoon into the
Steel trust and turning II around, they
are explaining why 1t was they didn't
care to have the stock listed on the Paris
Bourse. The main reason is alleged to be
that the manufacturers and the working
men of France objected to the listing be-
cause 1t gave recognition and standing
to dangerously large American indus
trial whose tarih-protected goods could
be sold in deadly competition with home
manufactures.
One of the most impressive incidents Of
the week was the opening of the Nc
Adoo tunnels under the North river, con-
Meeting Jersey City with lower Manhat-
tan; The stocks Of the company which
built these tunnels have not yet been
traded in. but will be before long. A few
millions of the bonds have been sold,
however About $6O,OOO.OOO has been ex-
pended on this great undertaking, and
fully $15.OOO.OO0 more viii, go into the
enterprise before It's completion. Nearly
$JOO0O,OOO was raised for the work be-
fore the slightest stir was made about
1t. 1t was entirely private capital and
was produced through the energy Of the
banking house of Harvey Fiske & Co.
Behind this house were j. p Morgan &
Co., and financial interests identified with
the Pennsylvania, Erie, Lackawanna,
Lehigh Valley and Reading railways
w. G. N