The Fairmont West Virginian. (Fairmont, W. Va.) 1904-1914, 1911-05-30

the currency reserves in the approx
mate 1000 national banks In this coun-
try. You IRE not deducting the re-
serves IN private banks nor the i'm
mense number Of small private hoard.
ings The per capita circulation Of
money in this country IS estimated at
$S5. In reality, allowing for these re-
seryes, the actual amount Is probably
but q little over $15 per capita of ac-
tual circulating hand to hand cash.
OF this, over $40 per capita Is now
In the possession of Henry Breed, and
this money has seeped away SO In.
sidiously that not one Of you shrewd
flnancIers, who make knowledge Of
the ebb and flow of money your bush
ness, has been aware of It. Gentle
men, Il IS nearly aII gone now. and
soon there will be no money whatever
in the United statesn ma
That night there was much quiet
selling Of stock, and the Atlantic ca:
BIZ, was busy with selling orders for
the london Exchange, There had been
elgiif of tie Nigh kings Of iinance at
that dinner. either in person or by
Their near representatives. 4
Rollins had walked away with Kel;
vim. y
eTRis Is a marvellous thing you have
beenj,teIling u.s." said be. "bnt an in:
cendiary thing too. The strange part
Is that It should have remained for
you alone to discover 1t and profit by
It. How did you find 1t outS'
swell, with about 10000 distributing
agents, each one instructed to remit in
currency only, It would be very strange
If there were not leak. Doubtless n
host of people other than myself know
of It, but the individual amounts were
SO small that no one paid any atten.
tion."
"That's precisely IT" insisted Rollins.
ut remained for you to appreciate
and take advantage of the enormous
possibilities of the thing, to understand
its magnitude IN the aggregate. You
are q great man. Mr.. Kelvin. You
have been selling all the time, haven't
you?"
smiling.
"You must have an enormous &C.
count by this time"
"Close to 100000 shares" confessed
Phillip.
"And you held back your explana.
ton Of all this until you had acquired
all you wantedP I thought so. Well.
it's an III wind that blows nobody any
good. want some railroad shares. l
suppose you realize what a calamity
you are going to bring on the coun-
ty%
II think / do" And Phillips jaws
closed with a snap.
Rollins looked at him In slightly dis.
approving speculation,
"Gad" he said. Some Of the big
men here have been pirates. but you
will be the most ruthless wrecker who
ever got into Wall street"
"No," returned Phillip, withn curious
smile. "You have read me wrong. !
am not pirate. I am a reformer."
81 see,r concluded IloIllns-''in the
same manner that the inqulsltion re
formed the heretics."
II decline to be interviewed" declar-
ed Phillip. AAre you going uptownT
At the Esplanade Kelvin found tRens-
selaer. "You are the only chap on my
list who knows a lot OF the newspaper
crowd. have an item for them, and
l don't want to give It out myself"
BE told Rensselaer, what had trans.
plred at the dinner. Rensselaer, clap,
ped him on the. back and laughed loud
and long.
'SThe newspapers will eat thatstoryl"
be declared. tits a wonderful thingl
Great Scott, man. how many shares
hre you SHORTY
about 100000"
''Then every point drop means $780,
900 to you. This will send the line
down thirty points. Let me figure a
minute. Why, that's 2l,o00000g'
~ figure on q little BIT more than
that returned Kelvin argIg. ABut
don't let that distress you any; Rert.it
'.You might nave given q fellow a
Tip complained Rensselaer,.
SLOW much money hat q YOU r.
IA little owe 900 o. my own, EeiiI