Lincoln County times. (Jerome, Idaho) 1911-1919, 1912-02-22

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the North, had come to New York.
What had he come for? To trim the
New Workers as he had trimmed the
Tonopah crowd in Nevada?
They were prepared for him to play,
and, when heavy buying of Ward Val
leg began, it was quickly decided that
he was the operator. Financial gossip
buzzed and hummed. He was after
the Guggenhammers once more The
story of Ophir was told over again
and sensationalized until even Day
light scarcely recognized it. Still, it
was all grist to his mill. The stock
gamblers were clearly befooled. Each
day he increased his buying, and so
eager were the sellers that Ward
Valley rose but slowly. A wildly ex-
citing time was his during the week
preceding Thursday the eighteenth.
Not only was he gambling as he had
never gambled before, but he was
gambling at the biggest table in the
world for stakes SO large that even
the case-hardened habitues of that ia
BILE were compelled to sit up. In spite
Of the unlimited selling, his persist
ent buying compelled Ward Valley
steadily to rise, and as Thursday APP
preached, the situation became acute.
Something had to smash. How much
Ward Valley was this Klondike gam
bier going to buy? How much could
he buy? What was the Ward Valley
crowd doing all this time? Daylight
appreciated interviews with them
that ppeared-interviews delightfully."-
placid and non-committal. Leon Gug-
genhammer even hazarded the opinion
that this Northland Croesus might pos
sibly be making a mistake. But not
that they cared, John Dowsett ex-
planned 1T is purely gambling from
beginning to end" were Nathaniel Let
tons words; land we refuse to have
anything to do with it or to take no.
tice of it in any way"
During this time Daylight had sew
eral secret meetings with his partners
one with Leon Guggenhammer one
with John Dowsett, and two with Mr..
Howison. Beyond congratulations they
really amounted to nothing; for, as he
was informed, everything was going
satisfactorily. But on Tuesday morn
ing a rumor~ that was disconcerting
came to Daylight's ears. 1t 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
ment would be levied. 1t was the first
check Daylight had received. 1t came
to him with shock that if the thing
were so he was a broken man. And
it also came to him that all this colos-
sal operating of his was being done
on his own money. Dowsett, Gug-
genhammer and Letton were risking
nothing. 1t was panic, shortlived, it
was true. but sharp enough while il
lasted to make him remember Holds
worthy and the brick-yard, and to i'm
pei him to cancel all buying orders
while he rushed to telephone.
Nothing in it-only rumor,
came Leon Guggenhammer's throaty
voice in the receiver. LAS you know,
said Nathaniel Letton, Il am one Of
the directors, and | should certainly
be aware of it were such action con
templated. And John Dowsett: 80
warned you against just such rumors
There is not an iota of truth in it
certainly not l tell you on my honor
as gentleman"
Heartily ashamed of himself for hi:
temporary loss of nerve Daylight re
turned to his task The cessation o
buying had turned the Stock Exchang,
into a bedlam. and down all the line
of stocks the bears were smashing
Ward Valley. as the apex, received tn,
. brunt of the shock, and was alread,
beginning to tumble. Daylight calm
ly doubled his buying orders
And all through Tuesday, Wed
nesday and Thursday morning. h,
went on buying. while Ward Vale.
rose triumphantly higher. Still the,
sold, and still he bought, exceeding
his power to buy many times over
when delivery was taken into account
What of that? On this day the double
dividend would be declared, he as
sured himself. The pinch of deliver,
would be on the shorts. They would b.
making terms with him.
And then the thunderbolt struck
} True to the rumor. Ward Valley levie,
the assessment. Daylight threw VI
! his arms. He verified the report an,
, quit. Not alone Ward Valley, but al
securities were being hammered dow
, by the triumphant bears. AS for War,
Valley, Daylight did not even troubl
to learn if it had fetched bottom o
was still tumbling. Not stunned. no
! even bewildered. while Wall Stree
went mad. Daylight withdrew from tn
field to think it over. After a shor
conference with his brokers, he pre-
ceeded to his hotel, on the way pick
ing up the evening papers and glanC
! ing at the headlines. BURNING
DAYLIGHT CLEANED OUT. he read
DAYLIGHT GETS HIS: ANOTHE1
WESTERNER FAILS TO FIND EAS'
MONEY.
D He passed up to his rooms, ordere
S a Martini cocktail. took off his shoes
+ and sat down to think. After half a
4 hour he reused himself to take tn
| l. E-rt