THE NEBRASKA ADVERTISER
W. W. SAXDEK9, lMibllnhor.
NEMAHA, - ' - NEBRASKA.
THE MAN BEHIND THE BABY.
You can hardly road a paper without
boliiK Hiiro to flud
Borne sentimental poem on the man who
u behind.
JIoch, cannon, picks nnd niUBkotn and
Homo more uro on the list,
But tho man behind tho baby In its so
curt has been mlnst-d.
Tho others may bo horocn and quite use
ful In their ways,
And inoro or Icsh deserving of a poet's
fervid pralnoj
But they cannot hold a candlo to tho man
wo lovo to meet
Behind tho cunning baby In Its go-cart on
tho street.
With all tho pride and dignity now papas
will dlfplay,
And nerved ugalnst tho Billy jokes his
funny friends essay,
And feeling so responalblo ho pushes on
Its trips
Tho go-cart und tho baby with tho bottlo
at its I'ns.
It Is an Inspiration to a bashful slnglo
man
To sco tKi small procession with tho
bottlt In tho van;
And notice how tho women who nro pass
ing havo to stop
And gazo with admiration oh tho imago
of its pop.
No nursemaid's cold Indifference ho
shows to baby's cries;
Ho' II find tho pin that's pricking and ho'Il
keep away tho JHch,
And ho'll adjust tho bottlo when it tum
ble,, from Its place
With truo heroic dignity befitting to tho
enso.
Ho'll nicely dry tho baby's chin nnd wipe
its Illtlo nose,
Vnd sootho It, oh, so motherly, nnd
smooth Its rumpled ciothcs,
,ind never loso his temper though it puz
zles him a lot
Wo know Just what's tho matter with
tho screaming llttlo tot.
Ho'll talk to it tho prettiest of baby talk
until
Tho baby thinks ho Is a fool as smartest
babies will;
And ho will cut up capers Just to mako
tho darling smile,
Ttcgardlcss of tho pooplo who may won
der at his style.
But when the llttlo cnrrlngo has a doublo
load of Joy
Two bottles and two bnblcs and not ono
of them a boy
Tho man behind that troublo may not
show It In his phiz,
But all the snmo a horo, and m big ono,
too, ho Is.
You may talk about tho courago of tho
man behind tho gun,
Who often Is so frightened that ho hasn't
strength to run;
But for a finer courage when his wife
Is tired out
Tho man behind tho baby Is tho man to
brag about.
II. C. Dodge, in Chicago Dally Sun.
P ' " o
the IMUHArtXU
MILLIONAIRES
A Tolo ok' Wall Street
and the, Tropics
By FREDERICK U. ADAMS
ny,-i?jjarimMrrfimunj)iiiwit..fry
Copyright, 1901, Iiv t,iihrop Publlrtilnc; Ooaijiny,
CHAPTER IV.
BOMB STRANGE HAPPENINGS.
Mr. R. J. Kent, tho great operator,
paced slowly up unci down his room,
but never missed nn examination of
tho tape as it escaped from tho
chattering ticker, by un interval ex
ceeding half ii minute. As the hour
of two approached, tho llttlo machine
became furious in its efforts to keep
pace with tho operations of tho
wonting, swearing and struggling
brokers, two blocks nway. Mr. Kent
let tho tapo slide through his fingers
and rend a record which translated
was as follows: 3,000 shares Sugar
149 2,200 Sugar 1491,000 Sugar
148 700 B. & O. 107 i 1,100 B. & O.
1072,800 Jl. & O. 10G 500 13. & O.
1003,200 St. Paul 1711,000 St. Paul
1703 500 St. Paul 1703,000 St. Paul
lC94 1,400 Metropolitan 173 900
Metropolitan 172 1,000 Metropoli
tan 171 4,000 Jersey Centrnl 159
800 Jersey Centrnl 158 1,700 Jer
sey Central 15855 Jersey Central
158 2,100 Sugar 147 800 Sugar
147.
Mr. Kent stepped to his privato
telephone.
"Who is selling that Sugar?" ho
asked his broker.
"Street & Rogers nro selling most
of it now. Brokers for Morris &
Ifauser of Boston, and Wright & Fan
ning of Chicago have also been sell
ing it. Theso houses havo been sell
ing St. Paul, Jersey Central, Balti
more & Ohio, Metropolitan, Steel and
Iron nnd other stocks," was tho
prompt answer. "I advised tho ofllco
of it some time ago.
"Who is tho selling for?"
"No ouo seems to know."
"What do Haven's brokers say?"
"They seem to bo up in tho air.
They nro still buying Sugar."
"All right. Good-bye."
Mr. Kent called up Mr. Haven, tho
.great sugar magnate.
".What in tho devil is tho matter
with your Sugar stock?" he demand
ed. "I don't know," was tho response.
"It's nil right. I am buying it as fast
ns It Is offered. What is it now?"
Mr. Kent cxnmlned tho tape,
"One hundred nnd forty-eight and
a quarter," he replied. "It has been
down to 110 but has recovered
some. Who is doing that selling?"
"Sure I don't know," answered Mr.
Haven with some impatience. "Prob
ably some ono taking profits. It will
go up again."
"All right. Thank you. Good-bye."
Mr. Kent studied tho tapo for o
few moments!. The market was
slowly steadying. The public was
obeying tho mandate, "buy on every
reaction." Mr. Kent pondered deep
ly. He rang a bell.
"How much Sugar havo I bought?"
he demanded of his private book
keeper. ' "Forfy-threc thousand shares,"
was tlyj reply.
"It will average about 142, will it
not?"
The bookkeeper produced a slip of
paper, ron his eye over tho figures,
made n rapid calculation, and snid
that the average price paid for this
lino of Sugar stock was 112.
"Very well; that is all," Mr. Kent
snid.
Ho called up his broker who rep
resented him on the floor of tho
Stock Exchange.
"Sell all tho Sugar you enn with
out breaking the market," he com
manded in a voice that could not be
heard ten feet away. Wall Street is
all ears, "There Is good buying just
now. Begin on 500 share lots. Feel
them out at the start, but keep busy.
Sell at least 50,000 shares before you
close, no matter what happens. When
you havo sold 20,000 shares, offer it
in 1,000, 2,000 nnd 3,000 lots.
The broker repeated the order
quickly so as there could bo no mis
take. Mr. Kent returned to the
ticker.
"Some one taking profits, eh?"
muttered Mr. Kent as he paced the
iloor, nervously chewing tho end of
an unlightcd cigar. "I'll show them
how to take profltsl They must
think I am in my second childhood.
They have an idea I am going to
hold the bng, do they? This Is the
way they keep their agreement!" He
rang the bell furiously.
"How much B. & O. have I?"
"Fifteen thousand shares at an
average of 93," was the reply.
"Wire Brown & Addy of Boston,
to sell me 20,000 B. & O. at the mar
ket. Send word to Blake & Co. of
Chicago, to sell me 23,000 St. Paul at
the market. Rush! hurry!"
He was at tho private telephone
again.
"How much Sugar have you sold?"
"Twenty-two thousand. It hns
broken a point and a half."
"That's all right. Put it out in
2,000 and 3,000 lots. Sell me 30,000
shares of Metropolitan at the mnr
kct. Got it? That's right. Good
bye." Tho ticker was singing like a sew
ing machine. Sugar, B. & O., St.
Paul, Jersey Central, Metropolitan,
Steel and Iron and other stocks eamc
out in blocks of from 1,000 to 4,000
and even 5,000 lots. But the market
held remarkably well. There was
"not ii cloud in the sky," and the pub
lic was sunning itself. But even
their guileless optimism could not
withstand the impact of the myster
ious interest which had been selling
hundreds of thousands of shares on
Saturday und during the present ses
sion, reinforced ns It; was by the en-
rnged Mr. Kent, who ascribed this
selling to the perfidy of his asso
ciates. When tho day's battle was
over the field was covered with dead
and wounded. Sugar had closed at
145 bid and 140 asked. Baltimore
and Ohio had dropped to 105; St.
Paul to 107; Metropolitan to 170;
Jersey Centrnl to 158; nnd Steel and
Iron showed a net loss for the day
of three points, and nn extreme drop
from its high point at the opening of
nearly nine points.
When Mr. Kent hnd received re
ports from his brokers, and tele
graphic advices from Boston, Chicago
and Baltimore, he found that he had
sold 55,000 shnrcB of Sugar and that
all of his other commissions hnd
been executed. He hnd accomplished
one of the phcnnmcnnl changes of
position for which he was famous and
dreaded. In a hundred offices his
name wns mentioned, coupled with
expressions which would not warrant
reproduction on these pages. Ho qui
etly talked the situation over with
his lieutenants, instructed them to
"smash" tho market at the opening
next morning, and with nn unruillcd
mien left his office shortly before
four o'clock.
CHAPTER V.
THE WALL STREET PANIC.
What happened on this famous
Tuesday has been lightly touched on
in tho opening chnpter of this his
tory. The morning papers hnd de
voted considerable space to the "benr
flurry" in Wall street. There were
guarded allusions to the coup per
formed by Mr. Kent, who had con
ducted his operations with little at
tempt to disguise h.s uttltude. His
urollta were variously estimated at
from $750,000 to $3,000,000, and it wnB
strongly intimated that ho would live
to regret the unwarranted scare he
had precipitated.
On the following Tuesday morning
London Ignored the New York break
in prices and opened strong. Chicago
and the speculative west looked on
its splendid crops and telegraphed
buying orders in generous volume.
The galleries around the trading floor
of the Exchange were crowded with
the sight-sccrs who are ulwivys in
force when the market is excited.
The hand of the big clock slowly ap
proached the hour of ten. The thou
sand or more brokers gravitated to
wards the various standards which
bore the names of the important
trading stocks.
The market opened strong and at
a slight advance in spite of large
offerings of stock by Kent brokers
and from Street & Rogers acting
for their unknown principals the
market held its own tho first hnlf
hour. It was at this time thut
vague and portcntlous rumors were
circulated on tho floor, and whis
pered over telephones. These ru
mors were greeted with general in
credulity, but the effect on the mar
ket was apparent from the time the
first suspicion wns breathed. London,
Chicago and other speculative centers
continued buying and selling, uncon
scious of the shadow which was now
dnrkening the street,
The storm broke at 11 o'clock.
The yellow slips distributed by a
ncws,ngcncy contained the following
paragraph in double-leaded type:
"11:05 a. m. Andrus Cnrmody, Pal
mer J. Morton, R. J. Kent and Simon
Pence cannot be found. They were
last seen in Mr. Morton's offices about
four o'clock yesterdny ufternoon.
Their relatives know nothing of
their whereabouts. Tho police and
detective force have been notified."
A message of similar purport was
recorded on the tape.
Any description of the scenes
which followed on the floor of the
Stock Exchange would be deemed
exaggeration by those' who never
have seen' n speculative panic sweep
nil before it. The tempest was
loosed. Before its fury the Bturdy
financial" oaks bent in the blast. The
puny speculative saplings were up
rooted and borne nway on tho wings
of the cyclone. Staid old men who
hnd not been seen on the floor of the
exchange for months, rushed hatlcss
thrdugh the streets and hurled them
selves into the crazy mob.
The GO acres of the financial dis
trict wns a Bedlam. Men tore pa
pers from the hands of newsboys
nd rushed away without paying
for them. Tho wildest rumors, if
of evil purport, became certainties.
The word went down the street that
a great bank had closed its doors.
There was no fragment of truth
in the statement, but it was accept
ed ns an unquestioned fact. It was
charged that the great enterprises in
which Cnrmody, Pence and Mqrton
were concerned were Insolvent, and
that these men were in secret con
ference, endeavoring to arrange a
compromise with creditors. Mr.
Kent was regarded us the speculator
who had been intrusted with this
news, nnd commissioned to use it to
recoup some of the losses.
The evening pnpers were flooding
the city with extras. The news was
so stupendous ns to confound the
genius of tho designers of headlines.
There was neither space nor type
sufficient to depict their emotions.
But the imagination of the report
ers was equal to the crisis. In be
wildering succession the millionaires
were kidnapped, lured away and mur
dered by anarchists; had committed
suicide, or reposed safely in the
bosom of their families.
At one o'clock Sugar had dropped
25 points, Baltimore & Ohio 18 points,
St. Paul 14 points, Metropolitan 32
points, Jersey Central 17 points nnd
Steel nnd Iron 21 points. The stocks
in which the missing men were not
known to be interested withstood
the shock with smaller losses, but
the whole list was mutilated almost
beyond recognition. The news had
reached London too late to permit
English operators to cover in that
market, and the cables bore tho tales
of their dilemma.
Shortly after one o'clock brokers
in the employ of Street & Rogers
jumped into the market as buyers.
In tho first hour of the session, be
fore the break came, it was estimated
that they had sold not less thnn
300,000 shares, and Kent brokers hnd
sold fully 100,000 more. The total
sales for the first hour reached the
unprecedented total of 1,2SO,000
shares. From 11 until 1 o'clock the
representatives of Street & Rogers
did nothing. They then began to take
some of tho stock as It wns offered.
They became tho center of riots.
Men fought like fiends to sell them
stock. In spite of their support the
offerings were so numerous that
prices still declined. They bought
Sugar in 10,000 nnd 20,000 shnre lots.
In an hour Street & Rogers had cov
ered 000,000 shares.
Two papers' appeared with extras
containing n 'dispatch from Philadel
phia stating that Messrs. Morton,
Cnrmody, Pence und Kent were In
conference at tho Hotel Lafayette.
It related with great explicltncsn
that they were considering the de
tails of a gigantic railroad combina
tion, and the nrtlclc contained n
brief interview with Mr. Morton In
wldch he refused to discuss the ob
jects 'of the meeting, but regretted
that tho public should have becomo
alarmed at the secrecy which had
been deemed necessary. The same
news was spread through the bro
kerage and commission houses by
the news agencies und came out on
the tape.
The effect wns electrical. The mar
ket rose by jumps and bounds. Every
one seemed rushing to cover, but tho
spurt was short-lived. When the mar
ket had ndvanced an average of ten
points, Street & Rogers and Boston
and Chicago interests turned heavy
sellers. They threw flic stock they
had accumulated at the bottom fig
ures right nnd left. They found
plenty of purchasers. The Philadel
phia dispatch was so good it must be
true. It sounded natural, and was n
logical reason for the absence of
HE BLEW HIS BRAINS OUT.
these men. At two o'clock the mar
ket was firm nnd slowly advancing
notwithstanding the vast offerings
from Street & Rogers. At 2:30 Wall
street was growing optimistic. It
regarded the selling as profit-taking,
and bought with confidence. Sugar
rose to within seven points of the
opening figure.
Then came the final disaster. It
was announced that John M. Rock
well, the great capitalist, and Hiram
Haven, the sugar magnate also were
missing. Simultaneously, word wbb
received from Philadelphia that, none
of the gentlemen mentioned had been
at the Hotel Lafayette, and that the
dispatch was bogus, having been sent
out by a commission house which
took this method to recoup some of
its losses. In the crush which fol
lowed several houses went to the
wall. Their holdings were thrown
on the market. Sugar dropped an
extreme 40 points. Other securities
suffered in proportion. A man stood
in the middle of Broad street and
blew his brains out. Staid old invest
ment stocks which had regularly
paid dividends for years dropped five
points between quotations. Sugar
fell 11 points on a sale of 400 shares,
and did not steady itself for ten
minutes, during which time it was
worth $35.00 a share less than it
had been those few minutes before.
Once more it was Street & Rog
ers to the rescue. For two days
they had been selling on good news
and buying on bad news. Again
their brokers stood in the breach
and bought Sugar, B. & O., St.' Paul,
Jersey Central, Metropolitan and
Steel and Iron from men who seemed
willing to give it away. When tho
gong sounded at three o'clock, the
signal that this awful day was
ended on the Stock Exchange, these
brokers were yet surrounded by
swarms of men frantic in their ef
forts to sell stocks at any prices. It
was midnight before the lights went
out in the offices of Street & Rogers.
Scores of haggard men arranged pri
vate settlements on terms 'which
would permit them to remain sol
vent. The profits of the unknown prin
cipals or syndicate represented by
Street & Rogers, of New York, Mor
ris & Hauser, of Boston, and Wright
& Fanning, of Chicago, were con
servatively estimated at $21,000,000.
The members of the firm of Street
& Rogers gave out no figures nnd
refused to name the men they were
representing. They stated that they
had considered the market over
bought, and hnd sold stocks in antic
ipation of a natural reaction. The
unexpected bad news had found them
in a situation from which they could
not help reaping an enormous ad
vantage. They had simjly taken
profits on the various movements of
the market, nnd did not shnre the
apprehensions of those who feared
for the safety of the missing men.
Mr. Street declnred that prices were
too low at the closing figures, even
if it were known that the worst had
happened. Intrinsic values could not
be permanently affected by tho fate
of individuals, and he advised buying
on any further declines.
Thus olosed Iho most memorable
day in the history of Wall street.
. . . To Be Continued.
FRANCE BETTER WATCH OUT.
Kinporor William Is In Komo Trying to
Win tb 1'ope A way from tho
Republic.
Koine, May 5. The visit of the
kaiser to Rome, while strengthening
nfresh the bands which unite the
triple alliance, making it a compact
of the powers mastering Europe, is
supposed to have this time n far
reaching object, namolj, that of win
ning the Vatican from the influenco
of France, this being the best mo
ment when the republic is VfjjG
vcre with the Roman church. It is
believed that Emperor William has
a great plan, namely, that of using
the power of Catholicism to create
a great colonial empire and especially
in South Africa, through the work of
missionaries. Thus the emperor took
quite extraordinary measures to ren
der his visit to the Vatican and flatter
ing to the pride of the papacy, going
so far as to create even a little un
easiness in Italian libernl circles.
FELL VICTIM TO A FEUD.
Hon, .TntncN It. lf nrcum Is Shot Down In tho
Front Kntrnnco of tho Cotirtliouso
nttTucltMoti, Ivy.
Lexington, Ky., May 5. Must after
he had finished filing pnpers reopen
ing the contested election cases of
Breathitt county, Hon. James B. Mnr
eum was shot and killed by' an un
known assassin. He fell in his tracks,
in the front entrance of the court
house at Jackson, Ky., and never
spoke, death being almost instnnta
neous. He fell within a few yards of
where Town Marshal James Cockrell
was shot down in July, the nssassln
being stationed in the courthouse in.
each instance. Marcum was counsel
for the f usionists, who are contesting
for the offices of county judge, shorilt
and other places now held by demo
crats. JEALOUSY" MAY DEFEAT IT.
Andrew Carnegie Proposes to Krcct a Na
tional Center for Civil Kiicinoers
lu Sow York.
New York, May 5. Lack of har
mony among the associations of en
gineers may nullify an offer of An
drew Carnegie to give $1,000,000 or
more with which to establish n
national center for engineering in
terests in this city. Rivnlry exists
among the various bodies of the en
gineering profession and n high offi
cial in one of tltc bodies said it is
doubtful if all can live in pence in.
ono room.
Tltc building wns to cost not less,
than $1,000,000 exclusive of the cost
of the site. It would contain a per
fectly appointed club to take the
place of engineers clubs now located
on Fifth avenue.
Folk Will Co It Alone.
St. Louis, May 5. Circuit Attorney
Folk stated last night that the inves
tigation of state boodlirig by the lo
cal grand jury would continue indefi
nitely, without reference to the ac
tion of the Cole county jury. JlrL
Folk had no explanation to offer for
the sudden adjournment of the Cole
county jury. When pressed for un
opinion, he said he had heard nothing
from Attorney General Crow and did
not care to enter into a discussion of
the probable motives back of the ad
journment. President of Deptunr Unlvcrnlty.
Grcenenstle, Ind., May 5. Rev. E..
H. Hughes, pastor of Centenary M. E.
church at Maiden, Mass., has accepted
the presidency of Depnuw university.
Hughes was born in Iowa and comes,
of a family of Methodist preachers.
His1 brother, Rev. Matt S. Hughes, is.
pastor of Independence Avenue M.
E. church, Kansas City, Mo.
Inftttno Itfnu'H Dentil from Aliened Cruelty. .
St. Joseph, Mo., May 5. Andrew
Frcemyer, a wealthy stockman of
Worth county, Mo., who was sent to
the state insane asylum here on April'
23, died yesterdny from five brokeiti
ribs nnd internal injuries alleged to
have been inflicted by an attendant.
James Costin, aged 22, is under ar
rest. A I'remlum on Matrimony.
Washington, May 5. The Philip
pine commission has put a premium:
on matrimony by making an increase
of $15 (gold) per month in the salary
allowances of married officers of the
constabulary. The increase is for
commutation of quarters. There are
many bachelors on the force.
Ami "Wliy Not Steel riant?
London, May 5. Andrew Carnegie,
shortly after his arrival in England,.,
said: "You can say for me that I
am thoroughly in favor of Mr.
Hardy's suggestion that all rnllwnyftJ
should be nationalized."
"Wliltecotton Ileforo (iraiid .Inry.
St. Louis, May 5. James H. White
cotton, of Monroe county, speaker of
the Missouri house, was before tho
grand jury Monday and told whnt ho
knows about bribery in the legis
lature. A Jolt for Christian Selenro.
Philadelphia, May 5.The Pennsyl
vania supreme court hns affirmed a
ruling of the Into Judge Arnold in
which the latter refused to charter
a Christian Science association.
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