The Owosso times., 1911-07-14

u
"wAITi" ALMOST sHRIEKED PRLLMAN.
self hurried to the tape and read with
his own eyes the appalling record OF
the devastation that had occurred
within the last hour. Pellman was @
heavy holder Of Northern Pacific. and
as his eyes glanced over the tape II
licked Off the latest quotation on that
stock at price so absurdly low that
he fairly shrieked at Ashburn across
the white ribbon.
"You people are responsible for
thisr'
Pretty clever work." commented
Ashburn. Three months ago / began
selling short and now 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
this!''
A long sentence was being spelled
out on the tape: "Wilson G. 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.
"Wilson & Woodruffr' gasped Pell-
man. I'VE are bound up with chem.
owing TO some recent deals. like SIAM
ese twins" Pellman's hands were
nervously cropping from pocket to pock.
ct.
| 81 was afraid of it," he said husk.
| lily. then suddenly fared out again.
you fellows have done this. tell
your
NO 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
find 1t to have been good medicine for
business at large"
ITO hades with business at larger
exclaimed the other. grown vicious In
his big rage. "What do ! care fof
business at large If l go bankrupt
-- %.
When are you going to stop this in
fernal massacre?"
II don't know" said Ashburn calm
ly. "Orders do not come directly from
me. They merely go through me-"
"rhey come from Forest Lakes"
asserted Pellman. Ashburn only smil-
ed.
You're actually gloating over it!'
charged Pelman, 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
l intend to evoke them"
Ashburn shrugged his shoulders. go
ahead and evoke" he invited. 'In the
meantime l would like to call your at
tention to the beautiful little fact that
have personally cleaned up over
100000 in the past week, and l
stand to make another handsome profit
II all you manipulators don't go to
pieces before 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
find out the status Of his affairs there. |
Mr.. Galleon was very cold about it.
81 must have more margin at once |
to protect your purchases" he declar-
ed. "Your balance with me is now |
less than $4,000. and 1t will be wiped
out in an hour unless you send me
check"
"who is my principal creditor?" ask
ed Pellman.
young Kelvin. He has been buy
Ing outright all day and demanding abb
solute delivery Of stock. l think 1t is
his intention to force delivery upon all
purchasers to whom he has previously
sold"
'where is he to be foundY'
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 Off certain items from thick
pile of memorandum slips. Seen here,
he suddenly looked ageless. Pellman
had given him credit only for youth
and consequent inexperience. He
his lips before he spoke.
II understand you sold me 10000
shares Of N. P.," he said.
Kelvin consulted card index and
nodded his head. "Yes," he replied.
Through Henry Galleon & Co."
"If you force delivery ON that stock /"
.aid Pellman ct can't save brea fast |