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About Omaha daily bee. (Omaha [Neb.]) 187?-1922 | View Entire Issue (Oct. 24, 1909)
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WALL STREET FREEBOOTERS
Ken Who life by Their "VTiti ia
America's Money Center.
STETKISQ ULLXTIXA OF CLASS
Larc for twldler ( Fwrtaae, rbewa
r, Isrewairrs mm rsuwltea
Hw the alirkrl is
Wal mrt la tb very throe of th new
Hither drift th soldiers of f ort uoe lured
by tales of sudden wealth, of "sboeetrut;
run Into millions" of prodigal favorites of
f ort une cuusi sold to their courtiers and
sycophants, of rich crumbs scattered from
tb tabic of tbw sraai. of prtceies knowi
edse of tb plan of masterful financier
whispered Into the ear of Ton, tick and
Harry, of Iucr clerk buying motors and
jaebva, of quick-witted telephone boy tak
ing trip to Europe, of wealth-getting
scheme of prorootioa ud apcculatlon.
The oarajiitee of the market pla.ee, who
neither toil nor spin, live by preying on
the credulity, the folly, the vanity, the
bounty, the avirlci, the fear of thoae tie
de toll and epic When the country la
prorperoua and pourlr.g Ua wealth Into
TaJl atxeet, the tioide of 'jraite grova,
out evtro In eara of depreenion. when the
market ia la the dolflrurnn, you il find
the native paraajtea atrucRHr-c along on
the crumba and hoping for the return of
good timea. They know no other life, and
aay from the roar of the market place
the? are ctranrer In a atrange land.
Down In narrow New street, behind the
maaaive-eolui&ned Stock eschangw, gather
the soldier of fortune. This la a thorough
fare f mellowed tradition and atranre
legends of the past, fur her hare met for
years ha the opn air the men of the snar
krt t exchange the news and goaa p the
ru. na and scandals of the great dollar
All Omn mm 4 CadltlM.
Crurbtng elbows in this skyscnaper-walled
lane are men whos names ar known in
every bank In Europe, and rag-god, half
witted beggars, blear-eyed frem drink. Here
yon meet rich steelmaker from Pittsburg,
kunSurned miner from Montana and Ari
zona, Fern and South Africa; Tammany
politician, Albany lawmaker and mem
bers of congress; black-and-white-gowned
Platers ef Charity In search of alma; finan
i cial journalists looking- for news; "muck
I rakers" digging up scandal; promoters
'with mmions-in-lt" schemes; tratelers
from afar with concessions from struggling
Fovernments; clean-cut. smartly-groomed
young brokers, freeh from the colleges
famous quarterbacks and sprinters; dog
sellers and Italian pushcart vendors; news
boys erring the -extras ;" old clothes mm.
shoestring men, scurrying messengers; "put
and call" traders; hatless brokers from the
flowr rushing acroes to '"Fred-" for
' bite, ChA aUk-hatted bankers walking leis
urely to a luncheon club; csct2rs tlp
sters, grosslplng teleiihone boys, pretty
tenorraphers, "handbook men and "plain
Market plungetw ad big opera tors mTt
have their' courtiers and psnsionsrs. The
shrewd flwanoial' soldier of fortune, who
play the game to win a big stake for him
self, seeks the far or ef a powerful, suc
cessful speculator, Just a.s the soldiers of
fortune of ths swashbuckler days courted
the favor of cwwrlikf war leaders. For
tunes were won In the middle ages by
war ot conquest; now they are won In
the stock market.
Tip for UvBlkrra.
One day several years ago a powerful
political leader st Albany happened Into
the' office ot a powerful capitalist. They
had srnewn each other for years.
"How can I make some money In the
market?" asked the politician casualty.
"Where 1 it g-olngr
"Will, if you buy 1.00 share yon eugM
to mak tse.OUO but don't tell anybody 1
Th politician boaght the stock, and k
quietly spread the newa that gas was rolng
up.' He couldn't tell who gave him the
tip but everybody h told knew, for his
rewujar vink ts see his friend, the capitaJ
Mfg. were more widely known than he
imagined. It wasn't long before th tip
to buy gas was all over t ibany, and men
ber of the legislature were mortgarl .j
their property to ret aboard, A bill honilr
t the gas company w-s brought Into 1h
aseznbU-. and it seemed likely to jro
through. Oaa stock weakened; the specu
lating legislators were asked by their brok
er to put up more margin. The bin wa
killed In committee; a-a went up. and all
"1 "Albany crowd" sold their stork at a
Takl.f ran of rwlltlrtawa.
Far years political leaders of Uiflneao la
rw i or a my affairs hsv been "taken
.are 01 a w hi street. Hundreds of
millions of Stock exchange securities are
based on New Tork fianchiwa. and thi i
suoctss of tb
cuterrpnue against which
lland lailored Overcoats,
Refinement In patterns And
istics of tbe new overcoat! shown by Bratdeig.
Our overcoat section is the taot complete and perfectly q
Pd section ot Its kind west ot Chicago.
We nie.Btkn our lilies of up-to-fiate.
The protector, close fitted collar
are latent this yesr. Brandels offers you
a better selection of strictly ta.thianal.le over- 1 1 1 and
coau, at A VP
The beielia of alepnnie In men'$ costs. Elersnt aad refitied models
as wtii a extreme atd classy novelties of lie
roHcca Ckn tyie A mtnlmt Tallar anrvt v
i&ake joa one that's better
SPtOiL - Bi) i Sells
The clothes that yoa'll ttty lor ft
u ciotnes we oner you here
an..rt tnicVerhcM kor miultla
out rutins; collar. prii-i.r sole,
thene m7-ti- stand depend In a larre
measure os tb favor of the politiral boe
! and benchroen w he rule the city. Wlrid-
lrg so great a power. It ia not Strang tr I
they hare made use of It In Wall -rtreet. !
Mrry a man la lc New York politic fur ;
the favor and fear It rain him below j
Fulton street, and more than one polities! !
ieafler has retired w Itb a fortune irutde in
speculation. And th line b-tween bemerty ,
and dishonesty is not slwsrs o eafi:
Over la Washington, too, a lawmaker
wb hav made fortunea thrcugh the rmt
irlrterested advice of friends In Wall
street. With th continued expansion of
th gtrvemmenf domination over th af
falra of Interstate ratlroedo and lnd'istrial
trust" Washlnrtew and Wall r.reet are
getting more and more In touch. For
wherever laws are rnal- affect ng the buni-
1 , , .
aaa iat wi J'v! sa ti nie iniit 111
find a situation similar t tt.at exlpting i
in New Tork capitalist orrcnlrer srk'r.B
the favor of political leadera. sd polnical j
soldiers of fortune reaching out fr a share
in speculative profits. It i sordid but It
Folltlcal leaders are not th only per-
sons "taken car of In Wall street. Tb
eorporation Iswyers win even richer prise
Shrewd attorneys there are within a stone's
throw of th stock exchange who favor
la courted by capitalist onranisers aa seal-
oualy as that of th politiciana In a war
K-- . .- rW.I ranllilirf rwiin. V.
Mrnr ia rver In i tain Tint nnlv .11 tv.-
leral experts needed to fight one's case
but also the expert most useful to the
enemy. On of tb shrewdest corporation
law-yer in Wall street owe his large for
tune to bis keen scent of a coming f:ght
and his ability to get a retainer from one
sid or th ether. H care little under
who flag be flgnts. so long as the fee
Is big enough and he transfers his alleg
iance from on camp to another with
thecal Fr boater.
Of another level are " th f reebootlng
lawyer In Wall street, whs "bold up" rich
corporations with "striks" suits either for
th purpose of being paid directly to keep
quiet, or t suggest a "bear" assault on
a company's securities. A favorite game
of these gentry la holding up an issue of
w railroad or Industrial securities with
as injunction, meanwhile going "short" of
th stock in the market. The Injunction
cares the llttl tockbo!ders. the stock
breaks and the instigators of the "strike"
suit r sway with th market spoila The
gam was worked a short while ago on
Delaware A Hudson with hlrhly profitable
results, h has been worked on steel, con
solidated gat and other franchise stocks.
One of th shrewdest of these freebooters
ha been la the street for years with "no
Tlsibl moans of support." but every now
and than making a "killing. " lie ia a
cynic H "believes that the whole sporula
tiv Boacbin I a parasitical growth, that
the capitalist leaders of th Jtrert ar a
crew of pirates and that they lire leglti
male prey , for lltu pirate like ttlmaelt.
He rrvela in panic, for then be gets bis
big sw ag. When stocks are smashing and
failures ar of daily occurence, be goes
about sowing rumors of dUsaster with Mao
ahtareUlaa glee. Mar than one ' be has
been the tool 'of powerful bear operators
In attack on th market, and he a! way
geta bis shar of th spoils. He is clever
en eiura to, with his knowledge of crimi
nal law, not to get himself into trouble.
Tb passion fur publicity draws to Wall
street a crowd ot Journalistic soldiers of
fortune some of whom are mere petty
swindlers. It' takes very litU money to
get up a monthly or weekly financial peri
odical that, to the casual reader, looks
most dignified and respectable. With
shears and paste pot, the current issue
of Th Wall Street Journal, The Financial
Chronicle, and the daily papers, the enter
prising "editor" put hi sheet together
la as hour or ma, and the printing of a few
copies at ens of th many little shops in
tb financial district is quickly and
cheaply done. Fortunes hav been made
with thea mushroom publications aa tools.
When a "green" crowd of promoter
comes to Wail street to sell stock in some
near-mine, the ahears-and-pastc publisher
camp on their trail. Tbey "bold up" the
promoters for big advertising our tract at
tat rate, sell them "write-up" space, and
distribute copies containing these " rile
up" in t.tW lots at single-copy prices. Very
often, when the promoters are not willing
t civ UB rtai munev. 1h tiuhlitheri take
"calls" on the new stock, cr net-nan mke
a block outright- Stock certificate are tut
die pest things produn 1 li I promoter's
office, and h hand Uiem out pretty freely
so long as b lsn t worried by making a
market for them. Sometime! these publica
tions are mere h:ackmiimg affair that
"bold up" financial crouks. threatening to
publish damaging article if they are not
paid good round sums. The editor of one
ot these shoot wrote a scurrilous attack
vd a street rallwiy capital jo, and UK-k the
to the man, expecting he wu.d
"tall for it," in the parlance of the game.
Th cap.'taiirt opened a drawer of his desk
iluS nointed tea Disud lvlna there
Wall street 13 overrun with dreamer and
Omaha's Foremost Showing of
cleverness la stile r character
new overcoats in the lrCS stvlea
styles, and the four-in-one styles
asd Ovfrcoati at $3.75
or 7 in another store are exactly
t ? 75. Hoj suits la
i;Mv . r. t a . w e
cpeclai, at ... r
- rw V T t X'
Ktinwm. who. likeC- ;i are r-
fn to iwll lODO.nW la ;uti to the
Chinamen at tl a ott'ia No drnisena of
the guktt are im dei'rhtful aiqualnt
anres, but how many ef them make their
endi meet 1 a mymeiy. For years thejr
hang about the street, alwaya with some
wonderful project for fortune mak'.r.g Just
ready to be launched hut never qutte read?-.
Always there's a hitcii a banking house Is
examining th project, and asks for more
time to consider it; the capltal.st who la
I expected to float th venture has f;on to
Europe; th mine must be examined by as
er.pinecr before the capital will be ad
jVar.ced; th patrnt risnt are in diFpute;
' the mom y market 1 unfavorable but hop
i sprint r tf rnal in the breasts of th drearn-
The unscrupulous soldiers of fortune tn
the street who nrev on the lr.ncent are
lerlon. They infert the big office buildinps
Krv street; they loiter about
t"TJI V a-a v w
I the Waldorf bar at night. Ther are the
"tipe-tera." who advertise In the Sunday
nun and st'.l LelihiKn advice on the
market to rreduloua country speculators
for a few dollar a month; there nre the
swlnd'.era who circulate subscription lists
Tr ivthina.1 charitica." the taj-ivansers for
! fw hirirrn1iical nublkations. tb sub-
ecription spent for visionary periodical;
there aiw the fake bond dealers who rct
i email out-of-town capitalists t advance
them or tl.m for work tbey never do;
i ther are the fake promoter who print
tock by the ream and sell it to the "suck
V., 'A i t lTiaTT DOOl" StUU kS, WbO
L-t th rreflulou to IntruFt their fund to
I them for speculation; the swindler w ho
make fictitious mtifcH tor wiu
Clock on the curb; the e'ever fellow who
make loans on fake securities and disap
pear. The underworld of those who live by
their wits in the street Is peopled by all
sorts and conditions of swindlers, with a
knack of inventing new schemes to defraud
and at the same time keeping out of jail.
New Toi a Time.
BIG SCOOP IN REVOLUTION
First Sewrspaper -Eaelwslve" tory
Told of tbe newer f
Every feature and action In Torktown's
celebration of the anniversary of the
surrender of the British forces under Gen
eral Cornw-alU. held last Tuesday, waa de
scribed on the spot, the copy "put on mt
and delivered at every newspaper
office within an hour or two. Thine were
different when the celebrated event act
ually occurred. The Providence R- I.)
Journal reprints what is considered the
first newspaper 'exclusive" story printed
in Rhode Island. It tells how the news
of CornwaJlis' surrender of Torktown
travel d to New England via ewpon ana
providence, being announced In Boston on
October 2C, 17K1. by flyers, of which mere
roliows a verbatim copy. These flyer
were sheets about lOxTH Inches In site..
Thty were primed, as spiears by th copy
below, by N. Willis, grandfsther of Na
thaniel Parker Willis, ths poet and Jour
nalist. He was bora In 17S5 snd died In
1831; was one of the famous Boston "Tea
party" and subsequently waa a Journalist
in Ohio many years. The document from
which the copy below was made ia a well
preserved one. tlme-atained. but perfectly
intact, and compares curiously with the
newspaper extras which In these times an
nounce extraordinary events to th pub-
BOSTON, October Jt,
A Gentleman who arrived here this Morn
ing, from Providence, lias favored ua
with the following
Providence, October 2&. lTKl, Three O'clock
jThis Moment an Expref arrived at his
Honor the Ieputy-Governor s irons col
CHRISTOPHER Ol-NET, Commandant
on lihode-inand. announcing the glori
ous inu-Uipence of. the Surrender of
LiOFU) CORNWALLIS, and his ARMT.
an Account of which was printed this
morning at Newport, and is as follows,
NEW-PORT, October 5,
Testerday afternoon arrived In this har
bour. Captain LOVETT. of the Schooner
Adventure from Tork-Rlver, la Chefa-peake-Bay,
which be left the 30th lnftant,
and brought na the GLORIOUS NEWS of
the SURRENDER OF LORT CORNWAL
LIS and his ARMT Prifoners of War to
the ALLIED ARMT. under the command
of our illuftrious GENERAL. J4 the
French fleet, under the Command of hi
! Excellency, the Count de Graff.
A ctffation of arm took plae last
Thursday, the 1Mb lnftant, in eonfequeno
of propofals a ceffatlon of TWENTT-
FOm HOURS but TWO only were
granted by his Excellency General WASH
INGTON The articles were compleated
the tame dny, (.nd the next day the allied
army took poseefion of TORKTOWX.
By this Glorkus canqueft NINE THOU
EAND of the Enemy. Including Seamen,
fell into our hanfl. with an hnmenfe quan
tity of warl.ke Stores, a forty Gun Ship,
a Frisaie. an armed VeffeL and about
ONE HUNDRED SAIL of TRANSPORTS.
Printed and sold at N. WILLIS 8 Printing
Kt " i V -sa
I mm ,1 1 aA i mm.l TTisl iLmmi i J
ATLANTA SHOW IS A BAUT !
Flow-erf and Colon in Profusion Will j
Decorate Big B nil din,. !
TATT wT.T. FOR THE AUTOS
Satlraal Rlgwwray betweew Jew Twrk
me 4 atlawta Is Defra Itely e
leeled for Pwklle Tr ro
Show Sest Voatb.
ATLANTA. Ga . Oct. XI. Raised plaques j
of Flying Mercury at the Wheel, smlisx, and
artificial flowers in profusion, fiags. eagles :
and shields In grest numher, and scort
cf twenty-foot oil paintings illustrating
motoring Incidents and scene will be seed
in th decorative scheme for the Atlanta
Automobiie show, which opens her on
The main floor center will have a row
of posts supporting raised letter signs
th whole surmounted by artificial flowers.
On the sides and ends will be a piatfoii-i
about fifteen feet high with a rail above.
Th background of these spaoe will be
covered with green burlap to th he.ph;
of the signs, this to be backed up by double
rail fence. Half posts will be used to
support signs, being covered to match those
in the center. There will be tb usual
ratse4 letter e.gns a In the center, the
letters being individually cut and of a
uniform size. There will he a profusion
of flower along thl platform, and abut
the aigns partly hidden by th flower w ill
be a border of oil paintings, eight feet htgii
by twenty feet long, that will show some
of the notable incidents ot recent tnoioi
car races and tours. Above these picture
will b a strip of red burlap to the top of
the balcony roof. Flags, eagles. anC
shields will be used to relieve th lop
strip. The baloony will be covered on tht
inside by pillars draped with fiags anc
bunting. The ceiling of the main hall w ii.
b profusely daoorated with flags anu
Taft hall, which 1 on of the hand
somest halls of its sis in the country,
and is at ths right ef th main entrant
to th building, will be treated in th satin
manner as the main floor. Th ceiling e
Taft hall, will be decorated the same aa tl. .
main building, with a greatly Increases,
amount of lighting over what is normal!,
used there. In the basement the sam.
effect will be carried out as in the ma.
part of tli building, painting, bunuiii
fiagiB, aag-leB, shields, and small picture
being used in profusion, some of tbe.i
partially hidden by artificial fiowers. Th
signs will b on tb same order of in
dividual raised letters, white on red.
As th visitors enter th main entrance,
they will see an artistic lighting effect,
with flags and shields and artificial flowers
arranged differently from what has been
seen at motor car shows In th pact. The
am plan will be followed in the accessory
divisions on Uh meaxaniiie and second
floor and In tbs Taft hall and basement, j
The floor covering will be of green dentm
with a red border, thee floor coverings ,
now being In the process of making. They
will be laid, on pioo In each, exhibit, i
like a carpet- Bven the denim tor the big
Taft hall win be mad In on piece, j
fastened only on the edges, while the aiales j
In Taft hall will b covered by oilcloth. I
Th basement covering will b of green j
matting, while th accessory spaoe will j
hare a-reen denim w ith the red border, i
Gilded rails will be used to divide th varl- 1
oua spacea. Smiiax will be used plentifully
throughout the building, adding t the gen
eral color scheme.
A great deal of consideration haa been
given to th matter of lighting, of which
ther must be a large amount to Insure a
proper lighting for the brightly polished
and highly varnished care. There will be
thousands of incandesoent lights strung
from the various part of the building, to
say nothing of the flaming are lights, both
tn&tde and outside of th armory. Exhib
itor will be provided with desks and
chairs in their exhibits.
Katlwwal His way.
After a thorough Inspection of the vari
ous routes between Nw Tork and Atlanta,
tb route of the "National Highway" be
tween the two cities has been definitely selected-
Starting on October g&, the first
public tour between north and south will
b held over this rout to the Atlanta show.
More than twenty entries hav already
been received and th event will be one of
the most important of the season. During
th summer a thirty-horse-power White
steamer made three trips between New i
Tork and Atlanta, over as many different
routes, and with the aid of the data thus
' obtained the official route has been marked
out by th two Whit pathfindlng cars
The steam car started from New Tork on
September tt. and made a record trip south
ward, reaching Atlanta on September Sfi.
The gasoline car started northward from
Atlanta, and the two machines met st
Martinsville. Va.. and from that point pro
'.oded southward together.
The rout of the hirhway leads across
St ten Island, then to TrefUon. across the
Delawsrs river at that point, and thence
proceed to Philadelphia. From Philadel
phia th reut lead almost due westward
to Gettysburg, via Lancaster and Tork. At
Gettysburg the route tuw southward te
j Hagerstowa, thence to Khejwrdstown. W.
T, and frem there to Winchester. From
I this point the rout follow th fcnoui
Shenandoah Valley pike to Staunton. From
; j Staunton th route proceeds southw ard. vis
j Natural Bridye, 1o Knanoke. South of P.'v
i anok is a stretch of about fifty miles
across the mountains, where the worst
road of the entire mote are encountered
A on a the hurt way rtiier Norih Caro
lina better conditions are found, and there
sre good roads slmost sll th wsy srre?
th stat via Wtnrten. Salem. Greens
hero and Charlotte. Greenvl'le and Ander
son are th principal town in South Caro
lina thrones, which th route passe, and
entering Genreia th reut proceed, vl
Hoyston Winder Ttd L wrenee-t Me. to At
lanta, th toial distance from New Tork
being 1 ff rrl'es.
Pel tew rarrrBfc.
a hot air dispenser develops
Trere l n esrv for lh man who le
to 1 ehil.i
a sutrblehee In the trush ts better than
fw in th hand.
The irior'iu fintrs sweetest lust before
j ).e fires" hi bi'.l.
Of course the ma whe lives next door
i ha br-un sues as ther sr.
i Mu!ifv ome In bad! when we find it
I drfeuli to t t oar head on tt.
No Cordelia, a sssn isn't neceeaarlly a
cannibal fcor-auee m eat tobmrr
It a 4'f'C-ut te ret some men to ta'k
as tt is te ret th averse woman to oj:L
A Bias, doesn't rot much ice aNwtid home
for itboal ten Sa after he t marrlt-d.
The world re.p.-c"ia a thief mere than a
Va fewst nd ou fcoow hat tt Hunk
ef a tkief.
There are lots of sensible women in the
world, but as a matter tf fart. Uiey don t
serin to make a tat wlifa the aeerafe tuan.
Catalogue on Application To
THE STANLEY STE1AJVIER,
2513 Leavenworth St.. Omaha
There's only one expression and one verdict on the 1910 "White gasoline car. It's
the nattiest, niftiest, nabob of a car that ever came to town
It 'b the cleanest built, strongest made, most powerful climber in the city.
It's the equal of the $3,500 French Renault and it's price is only
The 1910 WHITE, STEAMER is Also Hero
for Your Demonstration
HERE'S what a customer writes about the new model only last week:
'l wish to state that I have been driving my "White Steamer 'Model 00' since four
weeks ago last Friday and have covered 2,274 miles of Kansas roads. Have not had
one cent of tire expense, only $1.48 for repairs for broken pilot light. My entire fuel
bill has been less than $6.00. I am in the midst of the oil country and get my kero
sene at a very low price, but this showing is remarkably pleasant"
Signed-IL B. SCOTT.
Write for information.
ISth and Harney 2024 Farnam St.
Times Bqaar Awtamkeails Oomiiany
1339-1334 alicblfas At, Ciioaro, JH.
lie ara mat ei un biar auiououiM ar
8111 rmwr a:i-rwl tat at.
0uw.t.. . t. s-. P. tount
fauMti. 4 n.. S. .. !. 'ul;J, uU,I-t.
tiraua see car -
If Lua. 4 crl . S . BiasnihcMil T sa .
bu imi um4 m liUM mai tt w ai t
nrm. Cum a.a
Bu.ta. crl . 1 a. . iri i nu.aion, i
W .mou. ext.. t t- I
Muvait. I rfl . Sf tl. . i !
ittmi r. t Dvertiaair aa
4 oi-. Bb fc. . I saaa.. to. ic.
bum an umi
BuKtai si sua . mwj aalnta . .
-u:er, t rr: , tl S -. arr saa
uiua. if I.. S t . i sa. jwrut MUidi-
un. at -
Fi k.ua. crl.. U h. . antel a. us. truuw
AuiiKmr ruuatioiu. t ci-. M k , tulif guia-
4 crl.. Mil, teuriuf car. lull
k. a, sa a au t. iib.
Oiuatxitolla mtiaBsBL. alias oUiife
Ah juu Mur car I ukcm troai 1
ttid tar tr tmpi s( tb 'llHU Sjl l.k !
rot U-ITTib Tti couuua axvt uOurmauoe
about, mt: uliM Baa ear
aaaauM Hw tU-M Turk Cltr. tii wa
tbLD Si ; a ii (k,. Ma , 11J. atata L . st
auaa Sin ouruer iu ab rib Sia.
TWENTIETH CENTURY FARMER
Telephone Douglas 1314 for
Demonstration, or See Them
at 2513 Leavenworth Street.
Daily and Sunday Bee
Woman's Home Companion
Begular price for both
Daily Bee (without Sunday)
Begular price for both
Daily and Sunday Bee.
McClure's Magazine ..
Eeg-ular price for both
THE OMAHA DEE
one year. -57.50 J S 11 1 1 1
bsr w 'b' -WmW
one year. .$5.50 J
one year. .$7.50 J