The Calumet news. [volume] (Calumet, Mich.) 1907-1938, 1911-05-26
purchasers to whom he has preylousl,

Where IL he to be foundY,
I'm his apartments at the Fsn,o
made" replied Galleon. ''a'
Pellman hung up the recelyor
hurried over TO the apartments =.
young Kelvin. He found phmHa
checking Off certain items from ,h,a'
pile OF memorandum slips. Seen bora
he suddenly looked ageless. pnlhnn.
had given him credit only for von,r
and consequent inexperience Ha
moistened his lips before he spoke
IL understand you sold me looon
shares OF n. r." he said.
Kelvin consulted card indev m.
nodded his head. "Yes." he renlIoI
Through Henry Galleon & Coz
IF you force delivery on that stoch.
said Pellman. 81 can't save breakfos,
money out of my operations in Col
Icons office. l have come 10 ask q.
you big favor. Let me close tho,
deal now; let me give you nv noto
for the difference between selling nrico
and present market price. you TO hold
the stock as security"
impossible. Mr.. Pellman." Kelvin
announced. mo compromise can No
made on this stock. l have iust pnr.
chased for spot cash 10000 shares Of
N. T.. ut sixtyfour. You purchased
from me Mt 1913. You must take tha
stock ut that figure and you can sell II
for sixty-four If you hurry. Or will
keep the stock and you can pay me the
difference I'm cash."
81 can't possibly do It," said Pell.
man.
81 can't possibly do anything elsep
replied Phillip dryly.
Pellman, desperate to try some Other
means of protecting himself. was turn.
Ing away when two men came into tho
room with small wooden packing
c:ae bound with sheet iron. Pellmon
might not have noticed this clrcum.
stance but for his recognition of the
men. His eye for smaller detail saw
n cut upon one of the sheet iron bands
and an ugly upturned corner.
"Now / understand" he said. az $40
how you came TO be called the Cash
Bear That box is full Of money col.
!ected by Breeds company and fur
nished to you to conduct this cam.
paign We I'm the financial field should
have known what you We're. You are
Breeds puppetv'
Kelvin looked at him calmly. 81 can.
not prevent you from supposing any.
thing you like. Mr. Pellman, but
would like to impress upon you the
fact that I am very busy"
Dangling and dancing upon the
strings that Breed pulls" declared
Pellman with hot contempt.
Kelvin smiled aggr~atingly. at
seems to me that you. too. are dangling
md dancing upon the strings that Mr..
Breed pulls" he charged with cool in.
science. 'But you might as well calm
down, for since you have been talking
to me your firm has been announced
as bankrupt"
"It's lie" declared Pellman, though
he knew In his heart that It was true.
Kelvin pointed to the tape where the
ticker had just finished announcing
The suspension of Pellman & Co. at
seems to be true" said Phillip.
Moreover, don't mind confesslng to
you that we did it-that, in fact, Mr..
Breed intended to do it and | showed
him how"
"You d---r' shrieked Pellman ad-
n threatening step. A quick,
signal from Phillip made him
turn hastily. In the doorway crouched
a figure that would have startled
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 It had been In the business Of
making them. but here was one that
had been made entirely outside Of Its
calculation and it did not know what
70 do with the creature. Every day.
IN every city and village throughout
he land wi ere Breed hnd established
bis thousands of bread depots, was
still that steady drain which had, In
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
and he could not be stopped
from collecting it.
On the day that Pellman went under
there were half dozen other failures,
and this was but the beginning OK
terror filed days, each with more
and more dismal history. Throughout
the country banks were breaking and
business houses were going down with
them. Factories were suspendlng and
chaos reigned everywhere. 1t was
hideous object lesson in business
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