The Calumet news. [volume] (Calumet, Mich.) 1907-1938, 1911-05-25


was that II started simultaneously In
nearly every trading group upon the
floor Men with orders TO sell 5000
shares OF u. =. would no sooner exc
cute thar commission than they would
plunge into the Steel Common group
with equal frenzy. Men with orders
10 wait for n price beloved I'm sheer
nervousness. II was a roaring. shrek
ing. cursing hell. In which clothing
was rent and men fought like Zero
cious dogs for mere glance from n
man who lad buying orders.
BY 3 o'clock every security listed on
the Stock Exchange had dropped TWEEN
~ points share. Many of them had
gone still lower. That afternoon the
private dining rooms of all the exclu-
sive cafes were filed with grave men.
certain groups planning to go with the
movement and others. more far seeing.
devising ways and means TO stem the
oncoming tide.
Pellman took train TO Forest
Lakes. the country home of Henry
Breed. The six biggest railroad oper-
ators I'm the street had decided that If
any man could influence Breed Pell-
man was the man. Pellman himself
was dubious. He had once angered
Breed; but, for that matter. Breed had
engaged in some quarrel or other with
every man in the market
Pellman approached Forest Lakes
with a confidence that diminished as
he came in sight OF Breeds immense
estate.
At the great iron gates grizzled old
woodsman with a gun took Pellman's
card through the grill and stepping
inside a small lodge. telephoned TO the
house. He came out again In a few
moments.
"Mr. Breed is ILL.," he said. "The
doctor has forbidden him TO see any
one"
SIS the doctor in the houseT asked
Pellman.
ayes, sir.".
Pelman proffered bill. Telephone
the doctor that would like to see
him"
"All right sir" said the gatekeep-
er and turned slowly away. but he
did not touch the money. He was
gone about five minutes. "Dr. Zelphan
says that you may come up to the
house." he announced upon his return.
Pelman frowned as the big gates
swung open, admitting his limousine.
At the door an almost decrepit servant,
not in livery. ushered him into n dim
old parlor. where rusty horsehair fur
niture bulged and crinkled with the
everlasting dampness. There was
rustic OF silk In the hall. and girl
of about twenty stopped for n moment
in the door. She was of unusual beau
~. dark haired and dark eyed. with a
certain quick. 1.-THE movement that told
of nervous energy gone riot for want
of outlet. For just a moment she
stood. q startling figure I'm her semi.
fitted house gown of wood brown silk:
then she moved swiftly away. and her
place in the doorway was taken by
DR.. Zelphan.
"Dr. ZelphanT" asked Pellman, ris-
ing.
81 am, sir" replied the other, with a
bare trace of foreign accent "You
wish TO see Mr.. Breed"
ION matter OF the greatest i'm
portance."
Impossible" declared the doctor.
ut is not only my orders, but his own.
that no one be admitted on any ex-
citing Grand"
Pellman considered a few moments
in silence.
''1s he able to talk at all?' he asked.
"Yes," admitted the other. and for
n fleeting instant Pellman thought that
he had detected twinkle In Elephants
eye
Then must see him." Insisted Pell.
man. 1--WE are In the throes of a ma
tional calamityw
He held out 10 Zelphan a copy of IN
afternoon paper, afiame with the ter
ror of the withdrawal of currency from
circulation, with the panic of the morn
ing, with dire prophecy for the future.
"Mr. Breed is in no fit condition to
talk over such Matters" said the doc
tor.
"He must be In condition." insisted
Pellman. ''Mr. Breed alone could stop
this"
Zelphan turned suddenly and strobe
to the door across the hall. "Come in."
he invited.
Pellman followed him into a great
dim library. Near the window, but
facing the fire, sat the remarkable man
who by his ingenuity and enterprise
had built up the most enormous bust.
ness In the world and who through it
had gained control Of not less than
one-thirtieth of the capitalized indus
tries OF the United States. He breath.
ed Pellman's name and gave him q
limp, fish cold hand.
II suppose you have heard, Breed"
began Pellman, that panic has bro.
ken loose todayT
Breed shook his head. mo, had |
not" said he.
at has. Today is but the mild be- |
ginning of IT, but we fellows who have |
been through 1t know precisely what |
is to follow. BY tomorrow the coun- |
try will be crazy. and there is no tell.
ing where the ruin will end"
Breed merely nodded.
1.-THE entire board has gone down |
twenty points or more today. From |