The daily Gate City. [volume] (Keokuk, Iowa) 1855-1916, 1911-01-04

one answer: ~ nave nOInlnS 10 say. MI. Harding
is not here and have not been advised as to when
he will return
To Patterson and Gllctt who called to secure con-
frmation denial Of the story in the InOestoy he
had little more to say.
But Patterson and Gilett both left the Office with
the idea firmly fixed in their minds that the p T. &
w, had secured control of the I. G.. & N, telegram
no telegram.
In the meantime + c. & N stock was ballooniny
1t had reached a6 when the noon edition Of the III,
aest0r out. 1t then under futile offers 10
80, where there selling, then it climbed to
80, IS and 81. 1t near closing hour Long
worth rang up Henderson:
cts getting pretty hot-what do you Think"
viii it 60 any higher?"
Yes it will go to 40 or more, but ne have only
fifteen minutes before the close, and am afraid Of
the opening
:" All right, close me out as quick as you can when
it reaches 40"
But it had already reached "forty" and the last Of
Henderson's straw investment went at a. This sell.
ing Gained the market and it closed at 40.
The four o'clock edition of the Invcstor was given
over to the "BOOM IN /. c. & N. STOCK |
headline that extended across one page followed by
dramatic account of the phenomenal rise in l. c.
N The Evening Herald gave the front page to
the merger, not forgetting picture of President
Harding the Great Empire Builder, and map Of the
territory covered by the consolidated lines
During the afternoon Longworth walked into Hen
dersons Office The face of the secretary was flushed
and he casped and unclasped his fingers ncrvously
What do you think of this 2" and he handed the
broker wire from President Harding authorizing
denial OF any and all rumors connecting him or the
P. T. & w. with the l. c. & N. stock furry.
That's all right" said Longworth "We'rc safe,
and saw to it that all my friends got out from under
before the market closed. What do you think Of
this?" He produced roll Of Bills and drafts and
walked into the private Office.
Thought you would like to cover your tracks so
| brought you mostly cash. Count it and sec if |
have brought you the proper change" And Long
worth chuckled as Henderson fevershly counted the
pile
Invite me to ride in your automobile once in d
while and say, can't you invite me to spend week
or two during the hot, hot at your villa on
the Hudson?"
Henderson went to the phone and called up Gillet
of the Tribune
Hello! Is this Gillette This is Henderson. /
am authorized by President Harding to deny all re-
ports connecting him or the management of this road
with the l. C. & N and the recent furry in that stock
"a false alarm is it2" asked Gillctt, entering the
Office few moments later.
1t looks like that to man UP tree" replied the
secretary.
And there good many up tree, all right
who will have to tumble down, observed the cynical
reporter We have just received wire from Prcsi-
ucnl otliShlduu, UI the NJ L. q Va which is supposed
to hold majority of the l. C.. & N. stock, DENYING
that there has been any break in their pool He is
evidently afraid that the stock goes any higher the
temptation will be too great for some Of his bench
men, and they will sell. What about the telegram
Munger flashed on US this noon?''
You'll have to ask Munger. You know him
better than do. | can tell you one thing; he never
got that telegram from me, said Henderson stoutly
It's one of his d fakes. I'll soak it to him in
the morning-just watch my vapor," and Gillcu
swung out of the door,
BY SIX O'Clock the report that the boom in l. c.
~ had no foundation became general, and when
the Herald came out with a special seven O'Clock
edition, giving facsimies of the kilograms of both
Harding and Strickland there was little left Of the
boom of /. c. &N.
At the opening of the market the next morning
there was little doing in !. c. & N. small block
was offered at 81 with buyers Another small
block was bought at IS and then the scramble to I'm
load began and the market went to pieces and closed
at I2s
few days later prominent broker. accompanied
by stranger, called to see President Harding After
they had gone the president called Henderson into
ms ofhce and remarked Plat furry in i. c. & N.
the other day was good thing for us. II shook
enough stock out OF the Strickland crowd 10 break
their pool and have just bought it in at reasonable
inquire The Strickland combination hasn't more than
forty per cent LETT and think we can prevent them
IRON gathering in much Of the scattering shares.
That little game last week looked like Longworth,
but hear that the report Of the fake telegram came
from this Office How about it?"
henderson turned scarlet TO the roots of his hair
II didn't give it OUT he stammered.
NO. perhaps not, but only left it where you knew
Munger would see it, 1t was clever deal anyway.
How much did you clean up?"
Henderson named the amount Tho r,res;dcnt
looked at him for moment with narrowed ewes
a good stake for young man. But don't let It
sven your head. Put it all back in l. C. & N stock,
when give you the word"
Inc l. G. N. is still an independent line but
operated will, the F. + & w. It's stock is quoted
al i3o and Jack Henderson, the largest minority
stakeholder is president -