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

self hurried to the tape and read with
his own eyes the appalling record Of
the devastation that mad occurred
within the last hour. Pellman was q
heavy holder of Northern Pacific, and
as his eyes glanced over the tape 1t
licked off the latest quotation on that
stock ut a price so absurdly low that
he fairly shrieked at Ashburn across
the white ribbon.
this"
Pretty clever work." commented
Ashburn. Three months ago began
selling short and now I am closing up.
The market is bound to go lower. but
there will be no chance to get the
money when it goes there. Look at
| thisv'
A long sentence was being spelled
out on the tape: "Wilson & Woodruff
admit bankruptcy"
1T is beginning already" said Ash
burn. He looked up at Pellman. The
face Of the latter had turned suddenly
to CHASTITY greenish pallor. whats
the matter?" Ashburn asked.
"W1lson & WOODBURY. gasped Pell-
man. 1--WE are bound up with them,
owing to some recent deals, like SIAM
csc twins" Pellman's hands were
nervously cropping from pocket to peck.
ct.
II was afraid Of It," he said husk-
lily, then suddenly flared out again.
You fellows have done this, tell
your
mo doubt we precipitated the break
at this particular moment" agreed
Ashburn. "but you and your kind are
responsible for the break itself 1t
was bound to come, for Wall street is
diseased. This thing will turn out
right, Pellman. In the end you will
ind it to have been good medicine for
business at large"
""To hades with business at larger
exclaimed the other, grown vicious in
his big rage. what do care for
business at large If go bankrupt
When are you going to stop THIS IN
fernal massacre2"
II don't know" said Ashburn calm
~. "Orders do not come directly from
&e. They merely 60 through me-"
''They come from Forest Lakes"
asserted Pellman. Ashburn only snail-
ed.
you're actually gloating over I'll!
charged Pellman, white with anger.
''The whole thing is carefully made
panic by which Breed and you head
bakers Of his profit. Well, there are
ways to make you do something, and
I intend to evoke them"
Ashburn shrugged his shoulders. "Go
ahead and evoke" he invited. TN the
meantime would like to call your at
tention to the beautiful little fact that
IL have personally cleaned up over
81 100000 in the past week. and l
stand to make another handsome profit
IL all you manipulators don't go to
pieces before I can collect it."
Pellman returned again and again
to the attack, but finally was compelled
to give up in despair. AS he walked
away he was impeded by two men car.
rying an iron bound wooden packing
case, and his eye mechanically noticed
that there was cut In the edge of
one of the sheet iron bands. the point
Of this cut turning up in an ugly fash
Ion. He called up Henry Galleon to
end out the status Of his affairs there.
Mr.. Galleon was very cold about it.
II must have more margin at once
to protect your purchases" he declar.
ed. "Your balance with me is now
less than $4,000. and it will be wiped
out In an hour unless you send me q
check"
"who is my principal creditorf" ask.
ed Pellman.
young Kelvin. He has been buy
Ing outright all day and demanding alb
solute delivery of stock. think It Ii
his intention to force delivery upon all
purchasers to whom he has previously
sold"
"Where IL he to be found7'
I'm his apartments at the Espla.
nade," replied Galleon.
Pellman hung up the receiver and
hurried over to the apartments of
young Kelvin. He found Phillip
checking OF certain items from thick
pile of memorandum slips. Seen here.
he suddenly looked ageless. PellmaD