The News-Herald. [volume] (Hillsboro, Highland Co., Ohio) 1886-1973, 1911-05-25


and stared at Pellman with frank Inn
pertinence Her attitude angered him
Breed he again comma nded sharp
ly.
"well9' asked Breed Alphabetically
"You must listen to me" insisted
Pelman Half n dozen times under
emergency you have come tn 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 he more bank failures than
have ever occurred in the United
States in any one year Breed. you
must do something. I am not going
away from here until you do Can OF
your ABSURD cusn uraln, snDotince Il
to the public and 20 with us to O~lster
up the market"
Breed looked around him slowly, and
his eye caught that Of DR. Zelphan.
Take me away" said he. II am tired.
Lillianr'
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
"Waitr almost shrieked Pellman.
you are not so III that you cannot
! talk this matter over You we're 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 strode after them,
but just as they reached the door DR.
/ Zelphan opened IL, 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 It would be-" he
declared THE man is in no condition
to talk business aud must not be both
cred again
Pellman left the house fuming. and
his i'll humor was in no degree lessen
ed when he saw two figures crossing
the glade armed with golf sticks. They
were some distance away. but he was
sure they were the doctor and Henry
I 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 n universal staguation set
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 Stock
Exchange.
Pellman that day sat in his Office
until nearly II o'clock, receiving by
telephone the reports of the slaughter.
Suddenly he found that he had no
friends OF influence. Two days before
he could have secured almost unlim-
tied backing; today no one had money,
and there was no such thing In exist
ence as a negotiable security. Only
one thing could help him-a restora-
ton Of the public confidence and a
consequent immediate recovery in the
price of stocks; and this only one thing
could bring about-an announcement
by Breed that no more cash would be
withdrawn from circulation, and that
some Of that already retired would be
put back into the active channels of
trade. He hurried over TO the New
Jersey offices Of the United Food COM
pany. He found Ashburn In his pri-
vate Office, watching the ticker ribbon
with much interest, but before they
had even exchanged greetings he him