The Pensacola journal. (Pensacola, Fla.) 1898-1985, 1911-06-08


check"
-who Is my principal credftOrY' ask
ed Pellman-
Young Kelvin He has been buy
ting outright all day and demanding alb
solute delivery OF stock l think 1t is
his intention TO force delivery upon all
purchasers to whom he has previously
sold"
il "Where In be to be foundY'
In his apartments at the Espla-
made" replied Galleon-
Pellmau hung up the receiver and
hurried over 70 the apartments OF
young Kelvin He found Phillip
checking or certain items from a thick
pile OF memorandum slips. Seen here.
be suddenly looked ageless. Pellman
had given him credit only for youth
and consequent inexperfence. he
moistened his lips before he spoke.
+ II understand you sold me 10000
shares of N. p" be said.
/ Kelvin consulted q card index ana
nodded his head. yes" he replied
l~Through Henry Ganeon s. Co"
IF you force delivery ON that stock,"
said Pellman, Il can't save breakfast
money out of my operations In Gal
Icons office have come TO ask OF
you a big favor. Let me close that
deal now: let ne give you my note
for the difference between selling price
! and present market price, yOu % hold
the stock as security"
Impossible, Mr.. Peilman." Kelvin
! announced mo compromise can be
made on this stock have just pur-
| chased for spot cash 10000 shares OF
/ N. p. at sixty-fOur. You purchased
! from me at 126 You must take the
/ stock at that figure and you can sell ir
for sfxty-four If you hurry. Or J will
keep the stock and you can pay me the
/ difference In cash"
81 can't possibly do IT, said Pell-
man
Il can't possibly DO anything else"
replied Phillip dryly.
Pellman, desperate to try some other
means Of protecting himself, was turn
ing away when two men came into the
room with a small wooden packing
case bound with sheet iron Pellman
might not have noticed this circum-
stance but for his recognition of tho
men His eye for smaller detail saw
q cut upon one Of the sheet iron bands
and an ugly upturned corner.
Now l understand" he said. 81 see
how you came to be called the Cash
Bear That box is full Of money col
lected by Breeds company and fur
nished TO you to conduct this cam
paign. We In the financial field should
have known what you were. You are
Breeds puppetF'
Kelvin looked at him calmly. 81 can
thing you hike, Mr.. Pellman, but
would like to impress upon you the
fact that am very busy"
Dangling and dancing upon the
strings that Breed puIlsF' declared
PeIlman with hot contempt.
Kelvin smiled agg1SS atfngly. TT
seems to me that you, too, are dangling
and dancing upon the strings that Mr..
Breed pulls" he charged with cool In
science. But you might az well calm
down, for since you have been talking
to me your firm has been announced
NJ bankrupt"
tits a lei" declared PeIlman, though
} he knew IN his heart that II was true.
Kelvin pointed to the tape where tho
ticker had just finished announcing
the suspension Of PeIlman & Co. 'It
Seems to be true" said Phillip.
Moreover, don't mind confessinR to
Breed intended to do It and I showed
him how"
you d. shrielced PeIlman adj
4 vancing a threatening step. A quick,
warning signal from Phillip made him
turn hastily. In the doorway Crouched
figure that would have startled a
man with even stronger nerves than
Pellman's. The crouching figure was
that of big black Sam, and he was
creeping slowly forward toward Pell-
man
You'd better leave, Pellman," said
Phillip. You're the man that broke
my father"
Wall street was quite used to panics,
In fact II had been In the business Of
making them, bat here was one that
} had been made entirely outside of its
calculation and it did not know what
TO do with the creature. Every day,
In every city and village throughout
, the land where Breed lad established
his thousands of bread depOts, was
still that steady drain which had, in
J the first place, caused the disruption Of
, the financial system. Breed, as a re-
) tail merchant had a perfectly legal
. right to demand cash for his COM
modities and be could not be stopped
from collecting it.
On the day that Pellman went under
) there were hsB a dozen other failures,
3 and this was but the beginning OF
terror filed days, each with more
and more dismal history. Throughout
n the country banks were breaking and
0 business houses were going down with
them. Factories were .suspending and
d chaos reigned everywhere. II was a
3 hideous object lesson in business
o unethodG The entire boosted "DrOs-