Newark evening star and Newark advertiser. [volume] (Newark, N.J.) 1909-1916, 1914-04-03
THE Price of the Necklace
Edison.

Henry Lyons was a rich man, bat he
needed all his money for his wife was
queen of spenders. Her gowns, her
jewels, her dinners, were the talk of
the country. She had everything she
wanted, and the amounts her husband
paid annually to crafty her whims
were fabulous.
So great We're his wifes demands
upon his resources that the time came
at last when even Lyons unstinted
generosity reached its limit. The day
arrived when he believed it his duty
to refuse her something that she de
manded. That something was a pearl
necklace Its cost was $4,000.
Il can't afford it," said Lyons.
Pretty Mrs Lyons stamped her foot.
How stupid" she exclaimed. Nov
be a good boy and do something with
the market"
Lyons had determined to be firm.
He loved his wife, however. and COM
pliance with her wishes had become a
habit. When, therefore, after his
wife had left he was handed a tele-
gram In cipher announcing the con-
fidential information that the D. q II.
railroad would pass it's next dividend
the thought Immediately struck him
that here was an excellent opportun-
ity to do something with the mar
ket," which after all would enable
him to buy the necklace his wife so
much desired
To conceive with Lyons was to
execute. Within an hour his agents
were buying d. e H, furiously.
Soon the stock exchange was in an
uproar. Hundreds of other brokers,
following Lyons's lead, also bought
ID. d II. The stock went up by leaps
and bounds. The rush to buy became
Of I @ 4 Il r,f
1t was now selling at 1876. Traders
were crazy to get the stock. They
We're convinced Lyons had inside in
formation the road intended to de
clare an extra dividend.
At 1875 Lyons decided that the time
had come to squeeze the lemon.
Secretly his agents unloaded their
holdings. They appeared openly in
the market and began to sell short
The maneuver threw the pit into con
fusion. There was moment of
breathless terror, and then-panic. A
firm of brokers went into the hands
of receivers. Then the news was
flashed over the wires that the d. 81
H. dividend had been passed.
Byons's campaign had been cleyerly
conducted. In the words of the street.
he had CLEANED up" But the after
math of his operations was still to
come. A banker appeared in Lyons s
office He had risked more than he
dared to mention on the other side of
the market, and had lost He was
face to face with bankruptcy. He
came to Lyons to beg for mercy.
Il can't do anything for YOU" said
Lyons coolly. you ought to know
how to run your own business.
The bank closed its doors. News
papers announcing the suspension
spread panic through the city. Thou
sands of poor people-depositors in
that bank-saW their life savings
swept away.
Ignorant Of what had been passing
in La Sale street, Mrs. Lyons gave
one of her elaborate functions, A
newspaper, Selling on a pretext to
make a good story" out of the gem
eral misery, printed an article giving
lavish account of the affair and de-
nouncing Lyons for his callousness. A
copy of this newspaper fell into Mrs.
Lyonss hands.
Instantly she flew into a rage and
rushed off to find her husband.
what does this mean?" she de-
manded, exhibiting the newspaper.
"It means" replied the market ma
nipulator, that | have done some
thing with the market Here is the
result"
He handed his wife the necklace.
But Mrs. Lyons refused to accept
the gift.
mot at such price, she said. 1T
cost too much
A stormy scene between husband
and wife followed In the midst of it
appeared a little widow, who had lost
everything in the bank crash. She
begged Lyons not to permit her to be
ruined. He answered her colby.
But Mrs. Lyons took up the wild
ow's case. Then the husband turned
on her and denounced her for her
extravaganza.
IT did this for you.n he said eff
you mad not demanded this necklace
the Marine Bank would still be sol
vent"
The words struck Mrs. Lyons to the
heart. and in tears she pleaded with
her husband TO make an effort to
prevent the ruin he was causing. Her
tears were effective. Lyons went TO
the telephone, called 10 the head of
the bank. then at the point of suicide,
and informed him that he could count
on him for all the money necessary
to pun him through the crisis.
GRASS COUNTY GOES DRY"