The News-Herald. [volume] (Hillsboro, Highland Co., Ohio) 1886-1973, 1911-05-18


not lntrust it to a bank. In normal
times a bank is safer place than a
hole in the ground for money. but not
In these times"
Except for the one triae that cur.
rency is a little tight | see no cloud
ON the horizon"
II am a better financial weather
prophet for this one time than the
Wall Street Journal" declared Phillip
confidently. I'm a very few days
will show you a cloud that will cover
this entire district like a blanket Of mid.
night. know something. tell you"
This was the fourth or fifth time
since he had first come into the Of
fee that young Kelvin had ventured
such dire predictions, and in spite OF
the fact that. except for the growing
scarcity of actual currency. there was
no hint or trace of trouble to come,
Henry Galleon began to be a tri1e i'm.
pressed by them, so much so that he
began speaking Of the matter to 9th
Prs of his kind. In the Offices OF
Raleigh & Raleigh. of Wilde &
Co. of Booker & Watson and Of
r. f. Eldridge, the other brokerage
concerns that were acting as Kelvin's
agents. Phillip dropped the same seed,
and from these Eve centers. aided by
Rensselaer,. there gradually radiated
a note OF inquiry Was the market In
a really healthy condition. Was there
an impending break2 No one could
tell.
In the meantime Kelvin steadily sold
his twenty stocks in 1000 share lots
He became known as the "cash bear"
and thefe were dozen conflicting sto-
ries as to how he had got his money.
Young Eldridge took a great fancy
TO him and before he had been on
the market week had him In at Ker-
ry's for dinner with a lot of the big
guns of the market II was discovered
that Kelvin distinctly knew how TO
comport himself IN any company. The
only thing Of note he said during that
dinner was that he confidently looked
very shortly for the biggest crash in
the history of the street. They heard
this remark in amused silence. but In
the main they liked him. Rollins. one
of the conservatives of the railroad
group and of vast experience, was
the only one who studied Kelvin Sc
riously.
ION what do you base that queer
lrophecy" be wanted to know.
I'm not ready to tell you just yet"
returned Phillip, smiling "but 1t is
coming"
II know why" put in Pellman, one
of the more reckless operators of the
railroad group. It's because our
young friend Is on the short side of
the market for all the real cash in the
country. There must come a panic"
They were quite content to laugh at
Kelvin. He was necessarily green"
being young and new to the street.
Rollins got Phillip to one side after
the dinner.
'T'm very curious about the slump
you predict" he said. 81 hope it's
true. l want TO buy some railroad
stock. and 1t can't go any too low to
suit me-"
Phillip looked at him in musing ST.
lence. He liked Rollins, a clean, well
set up man, with a clean life End an
honest one written all over him.
"You buy outright only. believe,
Mr. Rollins" he observed
Outright only" replied Rollins.
"Then wait. There will be some
bargains by and by" declared Phillip,
30 seriously that Rollins was I'm.
pressed.
Kelvin had been in the market more
than month, steadily selling all that
time, when one evening In a private
dining room with almost the same
crowd Rollins found that he had no
cash and sent down a check to the
manager with request that he send
up the currency. The manager him
self came up with the check In hand
and very much worried.
"Very sorry. Mr. Rollins" said he,
'but | have not the currency In the
house We have had no currency to
speak of for several days. I don't
L.. a Il. Al