CHAPTER IX. Continued.
"This was easy, because Barry
Conant, not knowing of my newly
invented trick, could buy only what
he could pay for on the morrow,
or, at least, what he believed his
clients could pay for; while I, not in
tending to deliver what I sold unless
by smashing the price to a point where
I could compel thoso who had bought
to resell to me at millions less than I
sold at could sell unlimited amounts
literally unlimited amounts. When
Harry Conant had bought all that he
thought he could pay for, ho was
obliged to boat a retreat in front of
my offerings, nnd 1 was able to smash,
and smash, until the price was so low
that he could not by the use of what
he had bought, as collateral, borrow
sufficient to pay me for what I had
sold him. Then he was compelled to
turn about nnd sell what ho had
bought from me, and when I had re
bought It for ten millions less than I
had sold it for, the trick had been
turned. I had sold him 100,000 shares
say at 220. He had sold them back
to me say at 120, and he stood where
he had stood at the beginning. Ho
had none of the 100,000 shares. Both
of us stood, so far as stock was con
cerned, where wo had stood at the be
ginning, but as to profits and losses
there was this difference: I had ten
millions of doHars profits, while Barry
Conant's clients, the 'System, were
ten millions losers and all by a trick,
The trick did not differ in principle
from the one in constant practice by
the 'System.' When the 'System,'
after manufacturing Sugar stock, sell
100,000 shares lo the people for $10,-
000,000, they so manipulate the market
by the use of the $10,000,000 that they
have taken from the people as to scaro
them into selling the 100,000 shares
back to them for $5,000,000. After
they have bought they again manlpu
late the market until the people buy
back for $10,000,000 what they sold for
$5,000,000. The 'System' commits no
legal crime. 1 committed no legal
crime. I had not even infringed any
rule of the exchange, any more than
had the 'System' when they performed
their trick. Sinco my experimental
panic I have repeatedly put the trick
in operation, and each time I have
taken millions, until to-day 1 have in
my control, as absolutely as though 1
had honestly earned them, as the la
borer earns his week's wages, or the
farmer the price of his crops, over
$1,000,000,000, or sufficient to keep en
slaved the rest of their lives a million
people.
"What do you Intelligent men think
of this situation? You know, because
you know the stock-gambling game
that the American people, with tholr
boasted brains and courago, come year
after year with their bags of gold, the
result of- their prosperous labors, and
dump them, hundreds of millions, into
this gambling inferno of yours. You
know that they are fools, these silly
millions of people whom you term
lambs and suckers. You chuckle as
year after year, having been sent away
shorn, they return for now shearing
You marvel that the merchants, manu
facturers, miners, lawyers, farmers
who havo sufficient Intelligence to
gather such surplus legitimately, would
bring it to our gambling hell, whero
upon all sides is plain proof that we
who conduct the gambling, and who
produce nothing, are obliged to. take
from those who do produce, hundreds
of millions each year for expenses
and hundreds of millions each year for
profits for you know that we have
nothing to give them In return for
what they bring to us. You know that
every dollar of the billions lost In Wal
street means higher prices for stee
rails, for lumber and cars, and that
this means higher passenger and
freight rates to the people. You know
that when the manufacturer brings his
wealth to Wall street and is robbed of
it, he will add something to the price
of boots and shoes, cotton and woolen
clothes, and other necessities that ho
makes and that ho sells to the people,
You know that when the copper, lead
tin, and Iron miners part with their
surplus to the 'System,' it moans
higher prices to tho people for their
copper pots and gutters, for tho water
that comes through lead pipes, for
their tin dippers and wash boilers, and
for their rents, and an tnose neces
sities into which machinery, lumber
and other raw and finished materia
-enters. You know that every hundred
millions dropped by real producers to
tho brjgands of our world means lower
wages or less of tho necessities and
luxuries for all tho people, and espo
daily for tho farmer. You know that
it Is habit with us of Wall street to
gloat over the doctrine of the 'System,'
which the people parrot among them
selves, the doctrine that tho people
at large arc not affected by our gam
bling, becauso they, the people, having
no surplus to gamble with, never como
nto Wall street. And yet, knowing
all this, you never thought, with all
your wisdom and cynicism, that right
here In this Institution, which you on
and control, was tho open sesame for
each or all of you, to those great
chests of gold that your clients, the
System,' have filled to bursting from
tho stores of the people. What, I ask,
do you wise men thhik of tho situation
as you now'see It?"
Thero was an oppressive stillness
on the door. The great crowd, which
now contained nearly all the members
of tho exchange, listened with bulging
eyes and open mouths to the revela
tions of their fellow member.
Bob Brownloy paused and looked
down Into tho faces of the breathless
lis
Robert Brownley Glared Down Defiantly as a
the Gamblers.
gamblers with a contempt that was
superb. Ho went on:
"Men of Wall street, It is writ in the
books oi the nnclents that every ovll
contains within itself a cure or a de
stroyer. I do not pretend that what I
am roveallng to you Is to you a cure
for this hideous evil, but I do say that
what I am giving you Is a destroyer
for It, and that while it will be to tho
world n cure, It may leave you In a
more fiery hell than tho ono of which
you now fool the flames. I do not care
If it does. When I am through, any
member of tho Now York stock ex
change who feels the iron In his soul
van get lust ant rovengo and unlimited
wealth. You who are turning over In
your minds the consideration that your
great body can make now rules to
rpiider my discovery inoperative, aro
dealing with a shadow. Thero Is no
"Ulo or device that can prevent Its
working. Thero are 1,000 seats In tho
New York stock exchango. Thoy aro
worth to-day $95,000 apiece, or $95,
000,000 In all. Their value is duo to
the fact that this exchange deals In
botweon ono and three million shares
a day. Wore any attempt made to
prevent the operation of my Invention,
transactions would becauso of such
attempt drop to flvo or ten thousand
shares per day, or to such transactions
as represented slock that will bo actu
ally delivered and actually paid for.
To make my Invention useless It must
bo niado Impossible to buy or sell tho
same sharG of stock inoro than once
atone session, and short selling, which
Is now, as you know, tho foundation of
tho modern stock-gambling structure,
must likewise bo mado impossible, if
this could bo done tho $95,000,000
worth of seats In tho exchango would
bo worth less than flvo millions, and,
what is of far greater import to all
tho people, tho financial world would
bo revolutionized. Men of Wall street,
do not fool yourselves. My Invention
Is a turo destroyer of tho greatest
curso In tho world, stock-gambling."
A sullen growl rose from the gam
blers. Robert Brownley glared down
his defiance.
"Let mo show you tho impossibility
of preventing In tho future anyono's
doing what I havo done to you so
mnny limes during tho past 11 vo years.
All tho capital required to work my
invention Is nervo and desperation, or
nerve without desperation. It is well
known to you that there nro at all
times exchange members who will
commit any crlnio, barring, perhaps,
murder, to gain millions. Your mem
bers havo from tlmo to tlmo shown
nervo or desperation enough to embez
zle, rnlso certificates, glvo bogus
checks, counterfeit stockB nnd bonds,
and this for gain of less than millions,
and when detection was probable. All
these are criminal offenses and their
detection 1b sure to bring disgrace and
state prison. Yet membors or this ex
change despornto enough to take the
chance, when confronted with Iosh of
fortune and open bankruptcy, have al
ways been found with nerve enough
to attempt the, crimes. I repeat that
there are at all times exchange mem
bers who will commit any crime, barr
ing, perhaps, murder, to gain millions.
That you may seo that my successors
will surely como from your midst from
time to tlmo during tho future exist
ence of the exchange, I will enumerato
tho different classes of members who
will follow In my footsteps j
"First, the 'In God Wc Trust'
Sullen Growl -Arose from
schemer who Is of tho 'System' type,
but who is outside tho magic circle. A
man of this class will reason: i know
scores of men, who stand high on 'the
Street' and In the social world, who
havo tons of millions that they have
filched by 'System' tricks, if not by
legal crimes. If I perform this trick
ot Brownley's, the trick of Belling
short until a panic Is produced, I shall
mako millions and none will bo the
wiser. For all I know, many of the
multi-millionaires whom I have seen
produce panics and who were applaud
eti oy ino street' and the press for
their ability and daring, and whoso
standing, business and social, is now
the highest, were only doing this same
thing, and having been-successful, thoy
nave never been detected or suspected
But oven suppose I fall, which can
only bo through some extraordinary
accident happening while I am en
Ih ,...111 T 1 1 1 . ,
BKi--u in tuning, i smtii nayo com
mitted no crime, and, In fact, shall
navo clone no one any great moral
wrong, for If I fall to carry (lit my
contract to deliver tho stock I have
sold in trying to produco a panic, tho
men to whom I havo sold will be no
worse off for not receiving whit they
uougni; in xact, tnoy will stani Just
wnero tnoy stood before I attif ' pted
to urmg on a panic. f
oeconu, u an exenango member for
any reason should find himself over
board and should roallzo that he must
publicly become bankrupt and bse all,
no sureiy would bo a fool not to at
tempt to produce a panic, when Its
production would onablo him to recoup
his losses and provont his failure and
wnen u oy accident he shou d fall in
his attempt to produco a panic tho
-11 1 1 a . '
peuauy wouiu simply u0 his linnl
ruptcy, which would huvo taken placo
ir ny uveiu.
'iho thlrA tlass la that largo one
that always will exist while there Is
stock-gambling, a class of honest,
aquare-doallng-plny-tho - gamo fair ex
change men who would tako no unfair
advantage of their fellow-members un
til thoy become awakened to tho !
knowledge that they are about .to bo
ruined by their fellow-ihembers' trick
ery. "Next, let us consider further wheth
er It Is possible for our exchango to
prevent my dovlco from being worked,
now that It Ls known to all. Supposo
tho governing commltteo was Informed
in advance that tho attempt to work
the trick was to bo made. If, at any
session, nftor gong-strlko, tho govern
ing committee, or any exchange au
thority, could for any reauon compel a
member to ceaRo operating, even for
tho purpose of showing that his trans
actions were legitimate, the entire
structure of stock-gambling would fall.
Think It through: Suppose a man like
Barry Conant or myself, or any actlvo
commission broker, begins the oxecu
tlon of a large order for a client, one.
say, who has advance information of a
rocolvershlp, a fire at a mine, the
death of a president,, a declaration of
war, or any of tho hundred and one
Items of Information- that must be
acted upon Instantly, whoro a delay of
a minute would ruin the broker, or his
house, or Its clients. If the governing,
committee could thus call the broker
to account, the professional bear or
tho schemer, who desired to prevent
him from selling, would havo but to
pass tho word to tho president of tho
exchango that the broker In question
was about to work Brownley's discov
ery and he- could bo taken from tho
crowd and beforo he returned his
place could bo taken by others nnd, ho
could bo ruined.
(TO BB CONTINUED.)
LIKE ONE LARGE FAMILY.
People Qf. Newfoundland Have.- No
Need of Hotels.
I need scarcely say there are no
hotels on this coast, and consequently
no hotel bills. The traveler selects
his own house when he enters a set
tlement, walks in and sits down by
the stove. Indeed ho scarcely waits
for tho Invitation to "sit In" when the
family goes to meals, the- people ot
this coast being much given to hos
pitality. When night co.mes on ho
simply takes off hla boots and stays.
It may be ho will have to share a
bunk with ono of the household, or
perhaps ho has a bed In "tho room;"
that depends on his social position. If
room is short ho will turn In on a
settle, or simply Ho down on tho loor.
I have slept on a settle undor which
the hens lived in winter and rested
as soundly an on any feather bed, tho
only Inconvenience being that now
and again l had to gropo after tho
rooster, which persisted in thinking
It was morning long bofore I did.
Tho first question asked a stranger
on his entering a houso will not bo
"What Is your business?" It Is cor
tnln lo bo "Have you been totca?"
For our national drink is tea, "and a
drunken man is seldom or never soon.
Indeed wo havo becomo a prohibition
coast. London Standard.
QUALITIES OF THE OYSTER.
One Particularly Good Point Which
Bore Might Emulate.
A San Franciscan hns discovered a
now method of cutting short recitals
that promise to become too long-wind-cd.
An acquaintance of his, who has
u local reputation as a boro, was ono
day holding forth at somo length
when the Callfornian Interrupted him
with: "By the wny, did I ever tell you
the story of tho oyBtor?" On receiv
ing a negative reply, he continued: "It
seems that when oysters aro taken
from the sea they often open tholr
shells so that tho juice or liquid runs
out. As this is undesirable, tho ex
perienced oyster" gatherer has a tub
of water close at hnnd Into which tho
oyster is plunged as soon as It begins
to open Its shell." "Woll, nnd what
then?" asked tho other as tho narrator
paused. The San Franciscan smiled.
"Oh, after a while the oyster learns to
keep Its mouth shut," he remarked
quietly.
Sleep and Old Age.
Thero is no question that tho quan
tity of sloop required steadily dimin
ishes from Infancy to old age. This
Is a rather Interesting exception to
the general rule that, as in so many
matters, old ago returns to the needs
of Infancy. As regards sleep, old ago
is nioro remoto in its needs from In
fancy than In any other period of life.
If oldorly peoplo obtain good sleep
during tho first few hours, and If thoy
have not lost that delight In reading
which wo all had in youth, but which
so many of us curiously loso, tholr
case Is not to bo grieved over. Tho
special value of tho earliest hours, of
sleep, by tho way, has boon proved by
psychological experiment. The popu
lar phrase "beauty sleop" Is woll war
ranted. It Is tho early (tho deepest)
hours of sleep that mako for hoalth
and beauty.
It Isn't always safe to Judgo n
man's greatness by tho number of
carriages in lls funeral procession.
WESTERN CANADA
A WINNER
THE CROP OF 1907 IS AN EXCEL.
LENT ONE.
Manitoba, Saskatchewan and Alberta
Farmers Doing Well.
The interest that Western Cnnndnt
has aroused for somo years past In
growing in IntonsHy. Tho conditions
of tho crop of 1907 aro Much that re
sults can bo spoken of with somo de
gree of certainty. Tho yield of grain
will bo about 80,000,000 bushels and
tho price tlie farmers will roallzo for
it will be upwards, of. sevonly million
dollars. Tho oat crop vrns good In
most places, and' tho crop of barley
will be very remunerative. Those who
know ot tho generally unsatisfactory
conditions during tho seeding, grow
ing nnd ripening period in tho United
States during tho past soason, will
look with righteous distrust on any
statement Intended, to glvo tho Impres
sion that Western Canada conditions
were so much different. Generally,
they were not, hut tho conditions of
a highly recuperative soil, long and!
continuous sunshine, nro conditions,
possessed by Western Canada audi not
possessed by any other country on, tho
Continent.. This is why it Is poBBlblo
to record today a fairly Hiiccossful:
crop, when la most other placns tho-opposite-
la tho case. Tho yield. In. all.
grains is less than last year, bub tho
higher prices obtained moro than: oft
sot any falling off in tho yield; Tako
for instance tho Province of Sas
katchewan tho wheat cropi will bo
worth $21,135,000. Last year the
same crop wus 515 per cont. larger and
tho quality hotter. Tho yield was.
worth $24,000,000. OatB and barley aro
very important factors in all three
central Provinces. At Gladstono, Man
itoba, returns from ono farm wero $27
per ncro from tho wheat luud, $35 por
aero from oats, nnd $30 per aero front
barley. The yield of wheat at Dauphin.
Manitoba, was 20 to 24. bushols to tho
acre but not of a vory good grado,
but tho yield of barley in that section
was good and so was tho quality and
price. At Meadow Lea, Manitoba, 15
to 20 bushels ta tho aero woro
thrashed, bringing a round dollar on
tho market. At Oak Lake, Manitoba,
on somo fields whoro 21 busholB woro
expected, twelve and fifteen was tho
result; others again whoro twenty was
looked for gave twenty-two to twenty
ilvo. Ono special patch south of town
on J. M. McFarlano's farm went as
high as thirty bushols to tho aero. At
Sheho, Saskatchewan, oats yloldcd
from CO to G5 bushols to the aero. Sam
Wunder thrcBhed 2,500 bUBhols from
forty acres. Tho samplo Is good and
wolghs woll. At Lloydmlnater, Sas
katchewan, W. Blbby threshed 97
busholB of oats to tho acre, and two
others woro but llttlo behind. Wheat
hero reached 35 bushels. At Portago
la Prairie, Manitoba, from a quarter
section all in crop, Alex. McKInnon of
Ingleslde threshed an avorago of 33
bushols No. 1 Northern. I. J. Grant
had 190 acres, yloldlng 0,000 bushols
of tho snmo grade. These Illustrations
taken from widely distant districts
(and thousands of others could bo .
produced) show that tho year 1907 has
not folt'tho serious effects from sovero
winter, lato spring, or unfavorable
conditions during tho growing season
that might have been antitcpated. In
order to learn moro about this country
write to tho Canadian Government
Agent whose address appears else
where, and got a ccpy of tho new
Last Best West, which he will bo
pleased to mall you freo.
French Police a Surprise.
"Woll, how did you enjoy yourself
in Paris?" they asked of MrB. Mo
loney when she got home.
"Very well," she replied. "Very
welllndade; but there was wan thing
phat surprised mo more thin enny
thln' else."
"And what was that?" thoy quer
ied. "Thero wero a lot of policemen
thero and all av thlm was French."
Beware of Ointments for Catarrh
that Contain Mercury,
m mercury will nurely destroy tho (euro or emell
und completely dcruuKQ tliu whujo Hvitoiu when
entering It through the mucoui gurfac&s. 6iic.li
articled ihoulil never lio uscU except on prescrip
tions Irom roputuhlo phyalclunB.nl tho dmnnKO they
wilt dots ten fold to the Rood you can pokulhly derive-
from them. Hall's Catarrh Cure, manufactured
by F.J. Cheney & Co., Toledo, O., contain! no mer
cury, and la taken Internally, action directly upon
the lilood and diiicouh surfaces of tho lyntcm. In
buying Hall's Catarrh C'dro bo suro you tret tho
genuine. It In tnken Internally and mado In Toledo,
bio, by K. J, Cheney & Co. Tentlinonlals free.
Sold by DruKKlHtH. l'rlco, 75c. per bottle.
Tako llall'i Family I'llls for coimlpatloa.
His Ear to the Ground.
"Do you expect peoplo to bollovo all
that you toll thorn?" "That Is not tho
Idea," answered the sagacious cam
paigner. "The way to win the hearts
of tho people Is to tell thorn what
thoy already bollovo."
Hides, Pelts and Wool.
To get full value, fillip to the old rclinblo
N. W. Hide & Fur Co,, Minneapolis, Minn.
Llttlo things aro llttlo things, but to
be faithful in llttlo things is to bo
greatSt. Augustino.
