davidaulloa/AmericanStories huggingface dataset:
The Ordway new era., 1910-03-04
The Plu,,ger and
His Fast Vanishing
Pyramids of Stocks

every one.eishth decline. at 3S5 he had
accumulated 10000 shares more at an
average Of about $50. This gave him.
then. 10000 shares Of steel In all.
costing an average price OF nearly $50
a share. In other words. his pyramid
was tOp.heavy. for he was carrying
300. 900 shares OF steel. worth $25 800.
900 In the market. on u margin Of only
five dollars II share. or $l.5O0.OOO. This
pyramid became the target OF less
light.waisted spectators. for the
brokers carrying the plungcr's stock
demanded more margin. and had to un.
load the pyramid when the margins
were not put up. The unloading OF
the pyramid hastcned Its own de.
structiOn.
This has been the experience Of
nearly every big plungcr In the mar
kcls. He has become fascinated by
the building OF his pyramid and has
kept on reaching for more and more
millions until the whole thing tOppled
over
That fortunes may be amassed In
market speculation II one but has 'in
side Information has been the pOpu-
lar belief ever since the days OF the
English trading companies Of the sew.
enteenth and eight. enth centuries
The South Sea Bubble in England and
John Laws bank In France were but
violent outbreaks OF the credulous
greed for gold. Fortunes have been
made by clever men who have under.
stood the psychology Of enthusiasm.
and who have made capital out OF the
credulity OF the crowd.
Tom Lawson's Career.
Lawson is pointed out by the I'm.
initiated as the one brilliant exception
to the rule that plungers go broke.
But those who know the story OF Law.
sons speculations for the last six or
seven years know that Lawson Is In
reality n striking example proving the
fate of the plungers.
mo one can beat the game in II big
Young's hotel in Boston one day.
when you start out with no money
nobody knows you. II you have brains
and luck and the temperament for
speculation perhaps you may make
what seems to you at the time great
deal OF money. When you have made
several millions the other fellows in
the game begin to take your measure.
for you are then fighting them. Then
the more powerful you become the
more closely are your operations
The Ordway new era., 1910-03-04
Anti.rubereuIosis Crusade.

Denver.-The Colorado State AssO-
citation for the Prevention and Control
OF tuberculosis has sent out a request
to all of the churches OF the state that
Sunday. April "a. be observed as Tu-
berculosis Sunday. This Is part OF a
nation wide movement on the part OF
the national association to enlist the
216.000 churches Of the United States
In the campaign against tuberculosis
by having the Gospel of Health"
preached in every pulpit Of the land on
April "a. Sermons and addresses will
be delivered on that day acquainting
the 33,OOO.OOO church goers Of this
country with the wide scope of the
campaign against the disease. and Will
be OF a character to enlist their activi-
ties in the preventive work of the
movement to wipe out tuberculosis.
The state association has arranged
to supply literature and speakers ior
the Colorado churches If request Is
made to the office OF the association,
in the capitol at Denver
The Ordway new era., 1910-03-04
DENVER CHAMBER OF COMMERCE
ANXIOUS TO HAVE IT
ESTABLISHED.
BOULDER MEN OBJECT
PRESIDENT BARTLETT VIII TRY
TO HAVE LOCAL INTER.
EsTs PROTECTED.

Denver.-Assertins that the Dsy er
Chamber Of Commerce is hearth in
favor OF the creation Of the Estei Ma
tlonal park and game preserve. DR.. r.
L. Bartlett. president OF the chamber.
Friday afternoon assured representa-
tives from Boulder and Lyons. who
called to protest against the scheme.
that the chamber will do all In Its pow.
or to protect anything being done In
imical to the towns and counties near
est the territory involved.
The Estes park plan has the sup
port Of practically all cities and towns
in the northern section Of Colorado.
and even OF those In the rest of tho
state. practically those which have
learned that beauty-natural as well
As artificial--is a great and valuable
asset.
Longmont. which Is quite as close to
the park AS the other towns. has gone
on record as being heartily In favor Of
the proposition. 1t was asked to join
In the protest. but declined. leading
citizens Of the city asserting that the
creation OF such q national park
would mean much to Colorado and to
nearby cities and towns.
The committee from Boulder which
met with tho officers OF the Chamber
OF Commerce Friday was: w. A.
Burke. John r. Wood. John A. Web
Der. y. A. Van Horne. Thomas e. Ir.
win, N. B. Tomblin and NJ. w. Turner.
The protests yesterday were some.
what bitter. NJ. W. Turner Of the pro-
testing committee, saying: when 1t
come to segregatins 1000 square miles
Of useful Colorado territory. and dedi.
eating 1t solely to the bob.cat. coyote.
the timber.wolf. tho hotel keeper. and
other beasts of prey. we think It time
to call a halt"
The Ordway new era., 1910-03-04
A Pause In Devotjons,

Mabel" called her father. outside
her bedroom door. There was no an.
swer. 30 he called again. Still no re.
ply. He pushed open the door. which
was not completely shut. and reach.
Ing for the button. turned on the lights.
Then he saw Mabel. She was kneel.
ing at the side OF her bed In her night.
gown. In the attitude OF prayer-the
attitude. that is. as to kneeling. But
she had raised her head at the inter.
ruption and paused In her devotions
to blaze at him with face flushed
with impatience:
Gee whiZ. daddy! Can't woman
say her prayers?"
Then she bowed her head again.
piously. and daddy. properly rebuked.
slipped noiselessly away.
The Ordway new era., 1910-03-04
INSTRUCTION IN THE SCHOOLS
Children Being Taught the Nature and
Methods Of Prevention OF
Tuberculosis.

Definite instruction concerning the
nature and methods OF prevention Of
tuberculosis Is being given to less
than six per cent. of the public school
children OF the United States. accord.
ing to n bulletin OF the National Asso.
citation for the Study and Prevention
of tuberculosis. Recent Investigation
has shown that In only nine cities.
Washington. Dallas. Tex. Richmond.
Va. Poughkeepsie. n. V. Detroit.
Mich. Maiden. Mass. Salem. Mass.
Saginaw. Mich. and Knoxville. Tenn.
are special text books being used or
lectures being given about tuberculo-
sis. In three states and one territory.
Michigan. Massachusetts. North Caro-
lima and Porto Rico. laws have been
passed requiring that instruction
about the nature and methods OF pre-
vention Of tuberculosis be given In all
public schools. In Tennessee the
state department OF education has re-
Quested that such instruction be given
and has issued circulars for this pur-
pose. In New Jersey and West Vir-
ginia wall cards giving instruction
are hung in every schoolroom and the
attention OF all children is called to
them,
The Ordway new era., 1910-03-04
The Learned German Boy.

During the civil war George Den
ker. a German boy about 16 years old.
who had enlisted as volunteer from
Pennsylvania. was slightly wounded.
"Dumpy.'' as he was called. always
wore one of those old-fashioned Ger.
man hats. which caused lots of fun
for his comrades.
Mai. Mcdowell, his commander.
happy over the victory of the day,
and ever ready to have fun with the
German boy, who could not speak
English very plainly. said to him as
he saw him sitting near a stove in
the hospital with his arm in a sling
"Dumpy. remove that helmet"
''Das hell mitt? Das hell nitt
vat?" said the German hoy rather
embarrassed
THE helmet. that hat" said the
major.
DE hell nit your hat" said the
German boy. getting angry. This
made everybody laugh. even the
wounded. who had listened to the
ronvrrsation.--Nati Monthly.
The Ordway new era., 1910-03-04
A GOOD CHANGE
A Change of Food Works Wonders

The wrong food and drink causes a
lot of trouble in this world To
change the food is the first duty of
every person that is i'll. particularly
from stomach and nervous troubles.
AS an illustrations: A lady in Mo has.
with her husband. been brought around
to health again by leaving off coffee
and some articles of food that did
not agree with them. They began u.s.
ing Postum and Grape.Nuts food. She
says:
For a number of years l suffered
with stomach and bowel trouble
which kept getting worse unutil was
very i'll most of the time About four
years ago | left off coffee and began
taking Postum. My stomach and
bowels improved right along, but | was
so reduced in flesh and so nervous that
the least thing would overcome me.
Then | changed my food and be.
gan using GrapcNuts in addition to
Postum. l lived on these two prin-
cipally for about four months. Day
by day | gained in flesh and strength
until now the nervous trouble has en-
owe my life and health to Postum and
Grapc-NUtS.
"llusband is IS years old and he was
troubled for a long time with occa-
sional cramps. and slept badly. Finally
prevailed upon him to leave off coffee
and take Postum. lie had stood out
for long time. but after he tried
Postum for a few days he found that
h" could sleep and that his cramps
disappeared He was satisfied and has
never gone back to coffee.
Il hav" a brother in California who
has been using Postum for several
years: his whole family use it also be-
cause they have had such good results
from it."
Look in pkgs. for the little book, The
Road to W"llyill"." "Th"rc's a Reason.
Ever read the above letter.. 4 new
one npprnr" from time I" time. They
genuine. true. and full of human
lntcrcst
The Ordway new era., 1910-03-04

meeting of the Stockholders OF
the Colorado Kansas railroad Compa
ny will be held in Pueblo March 22d.
to authorize the issuance OF bonds to
build the road INTO Fremont county.
The company is considering plans for
u line to the top OF the Royal Gorge.
The contract for building a training
school for the State Normal school at
Greeley has been let to w. +. Towers
OF Denver for Sll0,0O0. When com
pl"ted the school will cost $2O0.Ouo
and will house the grades and high
school of the State Normal. The con.
tract calls for its completion in eleven
months
W G. Johnston. formerly of Denver.
and president of the Fountain Valley
Land and Irrigation Company, has
pledged 100000 to the building of
canning factory near Fountain. The
factory is to cost $4,000. The re-
mainder of the money is promised
from eastern sources. The plans in
Glade a colonization scheme.
one hundred thousand acres of des-
rrr land in Routt and Rio Blanco
counties. recently restored to the pub
Ii, domain, are to be irrigated by the
Northwestern irrigation Company,
which has filed articles of incorpora
zion in the office of the secretary Of
stare. The incorporators are W. J.
f,n". II. b. Boughncr and d. S. liam
ilIuu Engineers have Stakcd the line
Of he canal for ninety miles from the
n,uIh fork Of the Whit" river. by tun
NJ. through yellow Jacket pass, to
Anal Basin and Mayhrllc. The tunnel
W.l b" 5000 fc"I long, Four r"Scr
N"u, with Il total capacity of 100000
acre feet will be constructed.
Ii" Fort Morgan lee and Produce
Company VIII soon build in-t"n al
ta1'o meal mill. til" third one promised
a Feet Morgan this season.
,Ombratiou of former larg" rat,l"
ran, hes on the Platte river, near liar-
DIR viii form tn" WoudSdalc irrigation
ii, -.IrI to be organized soon.
William l.. Marble. WHO died AZ AS
p ID. February sd. Mas one Of the
cir' pioneers. and Was "ighty-siX
y,,,} Df age. H." owned considerable
pr.,,,rty and had large mining INFER
c&j n the district. lic was also an
an - of consid"rahl" note.
The Ordway new era., 1910-03-04
History Of ia Grippe"

Grip was first discovered in Eng
land in l173. since when there have
been more than one hundred epidcm-
les. II first appeared in the United
States in 1927 and went all over the
western hemisphere. The last epidemic
started in Bokhara in May. 1889. and
reached the United States in the mid.
die of December. Its rate Of spread is
exactly as rapid as travel. Since 1889
there have been grip cpidemics in
most American cities every winter
Just as there are many mild cases OF
"cholerine" during deadly epidemics OF
cholera, so there are many cases OF
bad colds in the head, or grip" false
influenza. when true grip is about N
Y. Press
The Ordway new era., 1910-03-04
opera the Great leyeier.

At one of the Wagner operas n few
days ago woman nudged her friend
and said: "Who is that distinguished
man bowing to you over there" Her
friend looked in the direction desig.
mated and smiled in II return greeting
That's my butcher" she said. Il see
him here quite often. When go mar.
keting in the morning we always dis
cuss the opera. He's n German. you
know. and really knows lot about
other things besides cutting meat
New York Sun.
The Ordway new era., 1910-03-04

Neglect OF cough or cold often
leads to serious trouble. To break up
. cold In twenty.four hours and cure
any cough that Is durable mix two
ounces OF Glycerine. q half.ounce Of
Virgin OIL of Pine compound pure and
eight ounces Of pure Whisky. Take a
teaspoonful every four hours. You can
buy these at any good drug store and
easily mix them in a large bottle.
The Ordway new era., 1910-03-04
The Pleasure Wa Mutual.

The friends OF two American celeb
rifles. one a stutterer and the other
somewhat deaf. succeeded after much
mansuvsring In getting them to meet.
and the event aroused considerable
unholy glee.
Some time thereafter the sufferer
was asked how the interview passed
off.
"Oh. w-we g-g-got along f.f.finely."
he stAmmered. II c-c.couldn't talk.
and s-s.she c-c-couldn't h-h.hear me-"
-L1ppincott's.
The Ordway new era., 1910-03-04
Chose the Wrong Time.

Tho prodigal son had returned.
Lets go out and kill the fatted calf
at once" he said.
Hold on" put In dad. "we've agreed
not to butcher any meat until tho
unions drop the boycott"
Whereupon the prodigal son went
out to tarry a while longer.-Kansas
City Times.
The Ordway new era., 1910-03-04
An Easy One.

Tommy. do you know the moaning
Of 'prehensile'?"
mo. ma am
ut means adapted to seize.' Do you
think you can remember that?"
"Yes'm,"
"dive me q sentence In which the
word is correctly used"
"'See the good ship. how prehsusilo
Il isi'"-Chicago Tribune.
The Ordway new era., 1910-03-04
What 1t Meant,

Robbie. asked the school mistress.
what does history mean when 1t says
that in the country's pioneer days
some of the settlers didn't have roof
over their heads"
1T means that in them days the
woman couldn't afford any merry wild.
Ow hats"
The Ordway new era., 1910-03-04
An Opening.

The Man-No. l don't suppose that
| shall ever marry. I'm too shy. don't
you know. and faint heart ns'er won
fair lady"
The Girl (helping him on)-But I'm
not fair; I'm dark.-lllustratsd Bits.
The Ordway new era., 1910-03-04
Parallel Case In France.

Parallel Case In France.
This was but a repetition OF tho
collapse OF the Secretan Copper Syn
dicate In Paris In 1889. when the Sec
ond largest bank In France was nearly
wrecked. the price Of copper was cut
In two In single day. and private
fortunes were swept away.
Keene. veteran OF many battles IN
the market place. has been a plunger'
but that was long ago. lie knows the
fate OF the plunger. II you VIII turn
the pages OF u very big book OF wan
street "reminiscences. recently pub
lished by one Of the Oldest inhabi'
tants of the quarter. you will fnd
there related the rise and fall OF
Keene. and the biographer concludes
the story In these words:
The manly efforts OF Mr.. keene to
recover his losses only resulted In
The Ordway new era., 1910-03-04
The Way With Pufklns.

0yer-That fellow Pufkins reminds
mo OF ball of twine.
Myer-What's the answer?
Gyer-He's completely wrapped up
in himself.-Chicago News.
The Ordway new era., 1910-03-04
Dreams Are Too Rosy.

Inc laInDS WHO 20 10 wall street eA-
pect to double their $1,000 in Il few
days. but II 1t were possible TO double
ones capital only once Il year $1,000
would grow in ten short years to more
than a million. and to more than
billion in 20 years.
One of the most fascinating and dan
gerous lures of the plunger is the
pyramid" a speculative pyramid is
a mass of securities bought on margin
with the paper profits of II bull mar
ket. When the bull market collapses
over goes the pyramid and the paper
profits fly away in the storm.
For months and months all the wise
acres Of the street have been watch
ing the growing pyramid of plunger
in steel. He bought. after the panic, a
big block of steel at bargain prices.
and kept buying more out of his profits
AS the stock rose from $22 to $95. At
the top 1t was gossiped that he had a
profit OF from $l5,0OO.O0O to $o5.OOO. 900
In steel and other stocks.
But he didn't cash in
Now that the bull market has col
lapsed, nearly all these millions have
vanished.
This plunger's pyramid was built up
in this fashion. He bought. we will
The Ordway new era., 1910-03-04
He Was Elected.

Politician - Congratulations. Sarah.
I've been elected.
Sarah with delight)-H0nsstly?
Politician - What difference does
that make?-St. Louis Times.
The Ordway new era., 1910-03-04
A LITTLE COLD.

He caught u little cold
That was all
So the neishbors sadly said.
As they gathered round his bed.
When they heard that he was dead.
The Ordway new era., 1910-03-04

further misfortune. Disaster followed
disaster. and as he became desperate
In his efforts to get back something
his losses became constantly greater.
until nearly the whole OF his immense
pile was buried. Great sympathy has
been felt In Wall street for Mr.. Keene
since his failure"
The biographer. like the dime nov
elist. leaves his hero In desperate
predicament. but there isn't even q
hopeful continued In our next" He
forgot to add to the biography that
keene from that day. 25 years ago.
resolved never to try to corner any
thing. Since then he has risen again
In fortune-he has handled big under.
takings for the Morgans. he has be-
come the leader of the American turf,
and, at 20. he has greater fortune
than at the height OF his plunging
days. But he has quit plunging.
keene's Squeeze In Wheat.
Kecnc had his fill OF wheat in 1884.
when. In nn effort to corner the Chi.
cago market. he lost millions OF dol.
lars. not only In the wheat pit. but
in the New York market. In the col.
lapse OF the corner Keene bought SO
much wheat that he was several years
finding n market for 1t. Some of It
he shipped all the way to the Black
sea. 1t was bitter lesson-but 1t
was worth the price he paid. Several
months after the Saratoga races. when
wheat was selling at the highest price
since the Letter corner. John Gates.
who was running an eleventh-hour
bull campaign in the staple. tried to
get Keenc to take a share In his pool.
The veteran operator refused
Gates said he. III you don't look
out you'll lose all your money in
wheat I've tried It and know II
Gates didn't take the advice. His
campaign collapsed and he took big
loss. Some OF his followers were
ruined. among them being Wiscon-
sin banker.
The game has changed said
keene recently to friend. in the
early days in Wall street one man
could run campaign on his own ac-
count and have n fair chance of win.
ming. But the days of the big inde-
pendent speculator are gone. The big
banks, the big capitalistic groups, the
undercurrent community of interest
between these interests make the old
game of single-handed plungine
thing of the past"
The Ordway new era., 1910-03-04

for 100000. a profit Of half million.
or 500 per cent. on his capital. Surely.
you say. when this Is possible. a yearly
average OF only - per cent. seems
very small.
But suppose big 'insiler" starts
out at the age OF 40 with Il speculative
capital OF 10000. 900 and cleans up two
per cent. a month until he IL Go. The
writer knows an outsider" who has a
larger capital than this. who Is owning
20. and who has made several millions
in the last year. lf he can make
pawnbroker's profit the next 25 years
how great q fortune will he have?
Over two billion dollars, The income
from this would give him $4,000. 900 a
year the rest of his life. II young
Lack" Morgan could have started at
rs with $lO.OOO.OOO and made 81 per
cent. profit year for 80 years he
would amass $47O.OOO. 900. 900. or more
than the total wealth OF the United
States and all Europe. Even an as
sured ten per cent. yearly profit In
speculation for so years would multi
ply $10,00O.OO0 to more than n billion.
or more wealth than any man has ever
amassed.
The Ordway new era., 1910-03-04

say. 10000 shares at $25 On a liberal
margin of $40 share this called for
an Investment of 100000. When steel
rose to $3h he had a profit of 100000.
and with this credit he bought 10000
shares more on IA $40 margin. Then he
had 10000 shares, costing an average
of $50. And SO on the way up, we will
say. he bought all on his profits, 90. 900
shares at $45 and $15. 10000 at $65
and $75, and $4,000 at $50 and $95
This gave him at s95 100000 shares of
steel, costing an average of less than
$75. He had therefore a profit OF
more than 500 share, or 81. 400. 900 on
his 100000 investment.
The Ordway new era., 1910-03-04

watched and the more powerful be.
come the men who are your antagon-
lists. Then you discover you are one
man against the crowd. That is why
no outsider can break into the game
and take away n great fortune"
The story of Lawson's own expert
cnces as II plunger is proof of this.
Lawson is a rich man. but he has new
er made the millions he dreamed he
was going to make, and he never will
not in speculation. When he began
specializing as young man in the
Boston market he made money very
easily. He was only man in the
crowd then. He followed the copper
boom through the 9Os and cleaned up
a nice little fortune. When he gained
the friendship and backing of II. H..
Rogers of the Standard Oil crowd he
thought the rest of his life would be
plain sailing and that he would be-
come as rich and powerful as the big
capitalists in the oil crowd.
The Ordway new era., 1910-03-04

calling for n new brand law-one that
will be brand new
The Ordway new era., 1910-03-04
All His Profits Lost.

But then the market turned and
steel started downward. The plunger
probably bought more stock to support
the market. If he bought, say, on his
credit at his brokers', 1000 shares at
The Ordway new era., 1910-03-04

that he can always get In on the big
swings In the market and make money
An easily as rolling or log. This Is
surely the idea you get from reading
all the stories told about the cold
blooded way In which the kings of
finance manipulate the market and
fleece the lambs
DO you think one OF these insiders
ought to be sure OF averaging "a per
cent. on his speculative capital. two
per cent. a month"; awnbroker's In.
terest? This Is very little. you say.
With 100000 a year ago n speculator
could have bought 100000 worth OF
$4,000 from the banks. and the could
have sold the stock six months later
The Ordway new era., 1910-03-04

He caught a little cold
That was all. (Puck)
The Ordway new era., 1910-03-04

slice was taken out Of Lawson's for
tune.
The Ordway new era., 1910-03-04
"Plungine" Has Been Fatal.

After Lawson had cleaned up some
millions of dollars as his share of the
profits in the fotation of the Amalga-
mated Copper Company he started
plunging in the New York market.
Ever since then Lawson's fortune has
been disappearing. Nearly every time
he has tried to make a killing" in
Wall street he has come out with a
loss. And still Lawson is one of the
shrewdest and most daring specula-
tors Wall street has ever seen. He
boasts. and not without reason, that
he knows more about the game than
keene or any of the men of specula-
tive prominence in New York
Rogers made millions in the sale of
Amalgamatcd TO the public. in the
tlotation of the Steel Trust. and in
many rich underwriting syndicates-
but this wasn't stock pllnging. Rog.
ers 1t was who, carried away by the
copper enthusiasm of the Amalgamat-
cd fotation, thought he could con-
troI the worlds copper market. He
put the metal to II cents in 1901. and
tried to hold it there To support the
market his company held back 200
100000 pounds from the market The
collapse came suddenly Conner
dropped to IL cents and Amalgama-
ted shares fell precipitously from s13o
to $33 1t was then that the big
The Ordway new era., 1910-03-04

Ew YORk.-You have an
idea that u man 'On the In
side"-like MIR. Perkins nj
Morgan's. or MIR. Gary OF
the steel trust. or young
MIR. Rockefeller-knOws SO
.,nnh Of u.hnA Ia nolnR 0N