The Calumet news. [volume] (Calumet, Mich.) 1907-1938, 1911-05-31

IN TINS room instead OF PADDED mo-,
ris chair. Ills beady eyes glittered
! above his hawklike nose; his noIn,od
chin was tilted. 'u
! us II enoughY be asked. az mo-.
absolute control of every mile oF roth
road In the United States"
Il think you have enough" replloa
Kelvin.
Breed looked at him questioninriv
then he turned sharply 10 his grand
daughter Lillian. you had better RIM
along and get ready II you are going
out upon the links with u.s."
II want TO stayg she declarad
Grandfather. do you know what vou
are doing TO me? have all the merry.
Gus energy you failed to bequeath 10
my father. You coop me up here.
must have an interest in something
something big. or shall go mad,
tell you shall die IL | have no hattie
to fight except myself and the so.
cial inanities which Mrs. Rensselaer, "a
presumed to teach me before | NAV
show myself ir Madison avenuer' she
declared. Gas an ambition that does
not seem TO promise much scope.
want larger things. They cannot be
too large. I. too. would build an en-.
pire or destroy one"
Kelvin looked quietly up at her. She
was a picture of striking beauty, but
there was about her a certain savage.
ness, such as a Lucrezia Borgia mleht
have had. Kelvin thought, or such MS
animated the woman vultures of the
French revolution.
Henry Breed was possessed of no
such dramatic comparisons. Leave
the room!" he said CURLY. She whlrl.
ed upon her heel and strobe out the
door. slamming II behind her.
| DR.. Zelphan followed her with his
eyes. but half smile was still lurking
under his beard. The other two heay
cd signs when she was gone Breed
dismissed the episode Immediately
Now you may explain" he told Kel-
win.
Well" said Kelvin. "the entire rail.
road map Is changed since the panic.
All the names familiar to the rail.
road world have passed into history.
Next week they will have been forgot
ten. Not one of them can rise again
from the wreck"
Breed nodded his head in cOmpre.
henslon, and his thin. flexible lips bent
into cruel smile. IL know" said
he. There is n red mark upon each
of their photographs"
Kelvin nodded briefly. But those
men have shown us the way Let me
give you as an illustration the control
of one man. For five years he denied
that he had any interest in certain
large road. But there came time
when holding company In which he
was interested had secured 10 per cent
of the stock of that road. and this 10
per cent was the largest single mnori-
ty holding. The man in question held
i'm his own name less than 10 per cent
of the stock of the holding company.
but Ii was TO the interest of every
member that he nominate his own dl-
rectors and control the destiny Of the
company. Through this control. there
fore, he virtually possessed personally
that 10 per cent of the stock of the
big railroad. With that - per cent
he sent In his own name an appeal TO
the scattered stockholders for proxies.
and through his personal prestige he
came into the stockholders meeting
of the big road voting co per cent Of
the stock and put through his own
slate of directors and officers. Then.
through similar means and through
this one road. he controlled all its
branches and dependents. aggregating
spite the fact that he himself actually
held not per cent of the value of all
this stockI''
Breed nodded his head. II have n
check mark upon that mans photo
graph too. This deal was part OF
the pyramid which crushed him"
But IL can't crush you" returned
Phillip. He poised his pencil over DIFF
ferent points I'm his diagram. where OPP
posite the name of each road was set
It's total number of outstanding stocks
and bonds
"You are the only man i'm the world
today who il able TO bring practically
endless resources 70 the support OF
my project" he continued. "For In
stance. with an actual holding of less
han I per cent of the total stock OF
I'll the railroad corporations In the
United States. you are able 10 domi-
late every mile of iron highway. to
lepose or elevate any man In the rail-
Dad business. from brakeman to pres
dent--that is. after you have taken
he reins. You have only one rival"
Breed raised his head quickly. "Rol-
insT' he said
Sumner Rollins" repeated Kelvin
what made you thlk so? You
poke of him yesterday"
81 met him during the days OF the
'nnlc. Railroads are hobby win
lin. He thinks that. Pith proper
they can be made prac-
ically safe to the public and still yield
letter dividends. lie Is conserya-
I've man. who has never specuateG
pon margin--in fact, he is one OF the
ew men whom your campaign against
he Stock Exchange and Stock Ex-
hange methods could not affect. Dur
ne the closing days of the panic. when