Idaho County free press. [volume] (Grangeville, Idaho Territory) 1886-current, 1911-11-23
"Breedw he again commanded sharp

"Breedw he again commanded sharp
~.
"wellT' asked Breed alphabetically.
"You must listen to me-" insisted
Pellman. Half a dozen times under
emergency you have come to the front
and helped to smooth things out. Once
you even saved the government Now
we have worse condition than auy
that has ever confronted us. The
whole country is going TO smash. The
Stock Exchange will be swept out of
existence before the weeks END.
There will be more bank failures than
have ever occurred in the United
States in any one year, Breed. you
must do something. am 1os going
away from here until you do. Call OF
your absurd cash draln. announce IL
to the public and go with us to bolster
up the market"
Breed looked around him slowly. and
his eye caught that of DR.. Zelphan.
"Take me away" said he. 81 am tired.
Lillian
Zelphan stepped Immediately to his
side. took his arm and started toward
the door on the other side of the fire.
place, the girl supporting his other
arm.
"Waitv' almost shrieked Pellman.
"You are not so i'll that you cannot
talk this matter over. You were well
enough just now to put the screws on
some concern unlucky enough to be
under your thumb. Listen to mel!
Breed only FASTENED his shutting
footsteps. Pellman strobe after them,
but just as they reached the door DIR.
Zelphan opened 1t, and the girl cast
back at Pellman a glance of derision
from her dark eyes. She took Breed
into the room beyond. and as the door
closed behind her she laughed an inso-
lent laugh Of amusement
Zelphan stood before the door II
told you just how 1t would be-" he
declared 1.-THE man is in no condition
to talk business and must not be both
cred again."
Pellman left the house Tuning. and
his i'll humor was in no degree lessen
ed when he saw two figures crossing
were some distance away. but he was
sure they were the doctor and Henry
Breed
Overnight. merely from the impetus
Of their descent, stocks went down not
less than fifteen points. Every newspa-
per in the United States fairly dripped
with sensational stories based upon
the fact that there was no money in
circulation. Banks guarded their cash
reserves with life and death despera-
ton. Men who had been about to pay
small bills kept the money in their
pockets. and universal stagnation sci
in. In another day arrangements Were
made in dozen cities to issue clear
Ing house certificates to take the place
of money. In the meantime pandemo
MUM had foreclosed its long overdue
mortgage upon the New York Stocl
Exchange
Pellman that day sat in his Office
until nearly II o'clock. receiving b.
telephone the reports of the slaughter
Suddenly he found that he had NJ
friends of influence. Two days befor,
ne cOulu nave SeIuIcu
tied backing; today no one had money
and there was no such thing in exist
, ence as negotiable security. Onl.
, one thing could help nina restora
ton of the public confidence and
, consequent immediate recovery in TIN
; price of stocks: and this only one thinl
| could bring about-an announcement
by Breed that no more cash would b
withdrawn from circulation. and tina
some of that already retired would b
put back into the active channels o
J trade. He hurried over to the New
Jersey offices Of the United Food com
, pany He found Ashburn in his pr
, vate office, watching the ticker ribbo
: with much interest, but before the
' had even exchanged greetings he him