The Caucasian. (Clinton, N.C.) 188?-1913, 1911-11-16
CHAPTER Wit.

CHAPTER vii.
E3ack at his hotel. though nearly twc
- the morning. he found the reporters
Visiting 20 interview him. Next morn
~ there were more And thus. with
kasse Of paper trumpet. was he re-
e,esvyd by New York. Once more, with
assa41rY Of tom-toms and wild hula
'aa'loo, his picturesque figure strobe
Across the printed sheet. The King OF
she Kiondike, the hero Of the Arctic.
xhs EhIrty-million dollar millionaire OF
ssAa North, had come to New York.
1WA1t had he come for? To trim the
New Workers as he had trimmed the
2EouoIah crowd In Nevada?
They were prepared for him TO play.
end. when heavy buying Of Ward Val
rsag began, It was quickly decided that
4As vas the operator. Financial gossip
1uzged and hummed. He was after
2As Guggenhammers once more. The
$zzory Of Ophir was told over again
SsLnd ssnsationalized until even Day
night scarcely recognized 1t. Still, 1t
vas al grist to his mill. The stock
zgz0nbiers were clearly befooled. Each
~axy he increased his buying. and so
ssGZer were the sellers that Ward
valley rose but slowly. A wildly ex-
sEdt1ng time was his during the week
yreceding Thursday the eighteenth.
-SSot only was he gambling as he had
Taevw gambled before, but he was
Txmbling at the biggest table in the
world for stakes so large that even
tie case-hardened habitues of that ia
Ole were compelled to sit up. In spite
estf the oulimited selling, his persist
ant buying compelled Ward Valley
steadily to rise, and as Thursday APP
prsRched, the situation became acute
Sum sthing had to smash. How much
Ward Valley was this Klondike gam
teker going to buy? How much could
10 buy1 What was the Ward Valley
'expBu doing all this time? Daylight
2xuureclated interviews with them
that appeared-interviews delightfully."-
.spaacid and non-committal. Leon Gug
SzHnhaERmer even hazarded the opinion
dat this Northland Croesus might POS
ably be making a mistake. But not
'ShaS they cared, John Dowsett ex-
ps2ined. cit is purely gambling from
beginning to end" were Nathaniel Let
toms words; "and we refuse to have
. anything to do with it or to take no.
NA5cs OF 1t in any way"
~During this time Daylight had sew
Vsral secret meetings with his partners
one with Leon Guggenhammer, one
with John Dowsett, and two with Mr..
aowssor- Beyond congratulations, they
really amounted to nothing; for, as he
WIS Informed, everything was going
= satisfactorily. But On Tuesday morn
3Ug rumor that was disconcerting
Eeanne to Daylights ears. It was also
published In the Wall Street Journal.
and it was to the effect, on apparently
~ straight inside information, that on
Thursday, when the directors Of Ward
valley met, Instead Of the customary
= dividend being declared. an assess
1sasnt would be levied. It was the first
check Daylight had received. It came
10 him with a shock that II the thing
we're 30 he was q broken man. And
ss1h also came to him that all this colos-
tNsal operating Of his was being done
*on mis- Owl money. Dowsett, Gug-
zEEahammer and Letton were risking
nothing. 1t was a panic, shortlived, 1t
sWas true, but sharp enough while 1t
lasted TO make him remember Holds
worthy and the brick-yard, and to i'm
Ise1 him TO cancel all buying orders
9VhIie rs rushed to a telephone.
Nothing in it-only a rumor,"
hoy
<sofce in the receiver. "As you know"
said Nathaniel Letton, Il am one OF
the directors, and l should certainly
~0s aware Of it were such action con-
ssnplated." And John Dowsett: 81
warned you against just such rumors
There IS not an iota of truth in it
's4ceTtain3y not. / tell you on my honor
.-sas q gentleman
Heartily ashamed of himself for his
temporary loss of nerve. Daylight re
turned to his task The cessation OF
oUying had turned the Stock Exchange
5szto a bedlam, and down all the line
r@sf socks the bears were smashing
EEEara Valley, as the apex, received the
s.srunt OF the shock, and was alread,
beginning 10 tumble. Daylight calm
Roy AHeifbled his buying orders
And al through Tuesday. Wed
nesday and Thursday morning, b,
went on buying. while Ward Vale.
rose triumphantly higher Still the
ssold, and still he bought, exceeding
ss1is power to buy many times ovel
when delivery was taken into account
VVEst of ethatf On this day the doubl
dividend would be declared. he al
sred himself. The pinch OF deliver
Eouid be on the shorts. Fhey would b
making terms with him.
and fhen the thunderbolt strucl
True to the rumor. Ward Valley ieyie
:22she assessment. Daylight threw u
Lais arms He verified the report an
xquk .E6t alone Ward Valley, but a
IL L. L.