By Edvin Lefevre
Fullerton F. Colwell, of the well-known Stock-E xchange condo of Wilson Graves, that he had performed his complete accountability through his buddy Harry Hunt. He was once a director in a part ranking of businesses monetary debutantes which his company had introduced out and over whose stock-market des tinies he presided. His companions left very much to him, or even the clerks within the place of work ungrudgingly said that Mr. Colwell used to be the toughest labored guy within the position, barring none an admission that suggests a lot to people who realize it is often the downtrodden clerks who do the entire paintings and their employers who take all of the revenue and credits. in all likelihood the $64000 younger males who did all of the paintings in Wilson Graves workplace bore witness to Mr. Colwell so cheerfully, simply because Mr. Colwell was once ever inquiring, very with politeness, and, principally, sympathetically, into the volume of labor every one guy needed to practice, and suggesting, the subsequent second, that the arduous volume in query was once no doubt over the top.
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As brother-in-law. he was able to control a large productive capac at an it ity expenditure positively marvellous was so small. It was also in his brother-in-law s " " name. Then the banking house of Greenbaum, Lazarus & Co. stepped in, interested accomplices, duped or coerced into selling enough other distill ers to assure success, cajoled the more stubborn, wheedled the more credulous, gave way gracefully to the shrewder and gathered them all into the fold. The American Turpentine Company was formed, with a capital stock of $30,000,000 or 300,000 shares at $100 each.
The ; murmurs of vague, dis atmosphere of the air, THE BREAK IN TURPENTINE 45 Street was supersaturated with apprehension, and the black shadow of Panic brooded over the Stock 1 Exchange, chilling the little gamblers hearts, wip ing out the last of the little gamblers margins. " And even the presidents of the solid, conservative banks studied the ticker uneasily in their offices. Greenbaum was promptly admitted to Sharped It was a half-darkened room, the private office. windows having wire-screens, summer and winter, in order that prying eyes across the street might not see his visitors or his confidential brokers, identity it was advisable should remain He was walking up and to the Street.
It remained for community" (as the syndicate to make a market for it, to de velop such a condition of affairs that anyone at " " THE BREAK IN TURPENTINE any time could, without overmuch 37 and difficulty without causing over-great fluctuations, sell readily American Turpentine Company stock. The syn dicate would have to earn its commission. All the manufacturers who had received stock in part payment were told most impressively by Mr. Greenbaum not to sell their holdings under any circumstances at any price below $75 a share.