The evening times. [volume] (Grand Forks, N.D.) 1906-1914, 1913-01-09

Hardly any reference a been made
to what was undoubtedly the greatest
He alone saved the market in the
black days OF 1857 from absolute
panic. The railroad strikes in Pitts
burg and the burning up Of properties
by the strikers. the e that the en-
tire railway systems of the United
states, at least north Of the Potomac
and the Ohio rivers. would pass into
ed the kind OF apprehension in the
securities market which, unless check
ed. breeds panic.
MIR. Keene determined to sustain tn"
New York securities market vel IL 1t
took his entire fortune. He believed
that the Lake Shore railroad securl-
ties would be the center OF attack,
partly because it was feared that the
frantic railway strikers would get
control Of that line and destroy much
property.
Stands like H0ratius.
MI. kcenc communicated by telc-
graph with a Francisco. where some
of his funds were placed, and OBJ
tanned drafts telegraphed from San
the late Samuel Ward, nearly a mill
lion dollors to the funds in this city
which he controlled for his operations.
He stood alone, like Horatius a,
the bridge. during the entire stock ex.
change business hours n day. He
protected the Lake Shore stock.
~ He ,, took all tha. was offered: He
before 3 o'clock. his available re-
sources would be exhausted. But
when the hammer Of the chairman of
the stock exchange sounded at 3
o'clock 1t was known that Jim Keene
had saved the market. From that
time conditions improved. Mr.. Keene.
however. almost paid with his life
He went to his hotel at 5 o'clock
and threw himself upon his bed in
IA state Of complete exhaustion. His
family was in Europe.
He was alone at that hotel excepting
for a single attendant. He had no
sleep that night. and his condition
the next morning was so desperate
that the physician who was summoned
feared an attack Of apoplexy or paraly~
sis. Only two or three persons knew
that Mr.. Keenc's battle, triumphant
as it was. was followed by instant
collapse.
He was missed from the Wall street
auiries about him. 1t was asserted
that he had gone into hiding. There
were vague limitations that he had
discovered that he had promised tn
do more than he could do and did not
dare face the storm. He was really
desperately i'll. so that at n time his
physicians deemed it expedient that
his family in Europe be told of his
condition.
Ward Becomes Nurse.
His old friend, the late Samuel
| Ward. who had married n Of the
Astor girls, went to the hotel to pay
a friendly call upon MIR. keene. He
discovered Keene in bed, emaciated,
sunken eyes almost unable to move.
and with no one to are for him ex-
cepting a hired attendant. Mr.. Ward
thereupon took off his coat and in
borly friend of the desperately Ill
man. After careful nursing. for Mr..
| Ward was himself a very competent
nurse, he accompanied Mr.. Keene to
Long Branch and stayed with him
there until convalescence began.
desperate illness Mr.. Keene full
OF a life OF .emi-invalidism. and the
wonder Ia that Mr.. Keene, in spite
of the weakness which began with his
sickness. should have been able to
carry on speculative and manipula-
tive operations which in their delicacy.
cations resembled. so far as his own
brain was concerned. the mental OPP
erations which a great chess player
submits to when he undertakes 10
play, blindfolded and simultaneously
with six or seven masters Of the game.
There are those who believe that
with the passing OF Mr.. Keene the la 81
Of the great single or individual man.
ipulators or operators in the securi-
ties market has closed all his worldly
accounts.