Evening times-Republican. [volume] (Marshalltown, Iowa) 1890-1923, 1911-06-09

mad given MIN cf00S only Tor youth
and consequent insxperience. He
mo,stened his lips before he, spoke.
II understand you SOLD mo 10000
shares Of N. Pr he said.
|; Kelvin consulted q card index and
nodded his head Yes" hs replied.
"rhrough Henry Galleon 4 Co."
IF. you force delivery on that stock -
said Psllman. Il can't save breakfast
money out Of my operations in Gal
Icons once. have como to ask Of
you q big favor. Let me close that
deal now; let mo give you my note
for the difference between selling price
and present market price. you to hold
the stock as security"
"Impossible. Mr.. Pellman," Kelvin
announced. mo compromise can be
made on this stock. I have just pur-
chased for spot cash 10000 shares of
N. P. at sixty-four. You purchased
from me mt 12S You must take the
stock ut that figure and you can sell 1t
for sixty.four If you hurry. Or l will
keep the stock and you can pay me the
difference in cash."
II can't possibly do It," said Pell.
man.
II 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 tho
room with a small wooden packing
case bound with sheet iron. Pellman
might not have noticed this circum-
stance but for his recognition Of the
men. His eye for smaller detail saw
cut upon one Of the sheet iron bands
and an ugly upturned corner.
"Now understand" he said. II 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 puppetr'
Kelvin looked at him calmly. II can
not prevent you from supposing any
thing you like. Mr.. Peilman, 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 aggrs~atingly ut
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 as we'll calm
down, for since you have been talking
to me your firm has been ar bounced
as bankrupt"
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. ut
seems to be true" said Phillip.
Moreover, I don't mind confessing to
you that we did it-that, in fact, Mr..
Breed intended to do it and I showed
him how"
you d shrieked Pellman ad-
vancing threatening step. A quick.
warning signal from Phillip made him
turn hastily. In the doorway crouched
4 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 it had been in the business of
making them. but here was one that
had been made entirely outside Of it's
calculation and it did not know what
to do with the creature Every day,
In every city and village throughout
the land where Breed had established
his thousands of bread depots, VA
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
-nodities 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 OF
! terror filed days, each with a more
and more dismal history. Throughout
the country banks were breaking and
| business houses were going down with
them. Factories were suspending and
chaos reigned everywhere. 1t was q
hideous object lesson in business