The Calumet news. [volume] (Calumet, Mich.) 1907-1938, 1911-05-26

WAli! ALmOgsI fhlLmANs
self hurried to the tape and read with
his own eyes the appalling record of
the devastation that had occurred
within the last hour. Pellman was a
heavy holder of Northern Pacific, and
as his eyes glanced over the tape II
licked of the latest quotation on that
stock at price so absurdly low that
he fairly sbrieked at Ashburn across
the white ribbon.
"You people are responsible for
thisw
Pretty clever work." commented
Ashburn. Three months ago / began
selling short and now l am closing up.
The market is bound to go lower, but
there will be no chance to get the
money when it goes there. Look at
thisw
A long sentence was being spelled
out on the tape: "Wilson & Woodruff
admit bankruptcy"
ut is beginning already" said Ash
burn. He looked up at Pellman. The
face of the latter had turned suddenly
to n CHASTITY greenish pallor. whats
the matter" Ashburn asked
"Wilson & Woodruff gasped Pell-
man. 1--WE are bound up with them,
owing to some recent deals, like SIAM
csc twins" Pellman's hands were
nervously cropping from pocket to pock.
ct.
II was afraid of it, he said husk-
lily, then suddenly Jared out again.
You fellows have done this. tell
your
mo doubt we precipitated the break
at this particular moment" agreed
Ashburn. ''but you and your kind are
responsible for the break itself. IL
was bound to come, for Wall street Is
diseased. This thing will turn out
right. Pellman. In the end you will
find 1t to have been good medicine for
business at large"
ITO hades with business at larger
exclaimed the other. grown vicious In
his big rage. "What do | care for
business at large II ! go bankrupt
When are you going to stop this in
fernal massacrew
II don't know" said Ashburn calm
ly. "Orders do not come directly from
me. They merely go through me-"
"They come from Forest Lakes"
asserted Pcllman. Ashburn only smil-
ed.
"You're actually gloating over itp
charged Pcllman, white with anger.
"The whole thing is carefully made
panic by which Breed and you head
bakers of his profit. Well, there are
ways to make you do something, and
I intend to evoke them"
Ashburn shrugged his shoulders. go
ahead and evoke" he invited. I'm the
meaEtime 1 would like to call your at
tention to the beautiful little fact that
have personally cleaned up over
$1,000,000 in the past week, and l
stand TO make another handsome profit
II all you manipulators don't go to
pieces before can collect it."
Pellman returned again and again
to the attack, but finally was compelled
to give up in despair. AS he walked
away he was impeded by two men car
rying an iron bound wooden packing
case, and his eye mechanically noticed
that there was n cut in the edge of
one of the sheet iron bands, the point
of this cut turning up In an ugly fash
ion. lie called up Henry Gallcon to
find out the status OF his affairs there.
Mr.. Galcon was very cold about 1t.
IL must have more margin at once
to protect your purchases" he declar.
ed. "Your balance with me is now
less than $4,000, and 1t will be wiped
out In an hour unless you send me a
check"
"Who IS my principal creditorf" ask
cd Pellman.
Young Kelvin. He has been buy
Ing outright all day and demanding abb
solute delivery of stock think It is
his intention to force delivery upon all |
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