The Tipster: 1901, From "Wall Street Stories"Lefevre, Edwin
General
The Tipster: 1901, From "Wall Street Stories"
Lefevre, Edwin
New York (N.Y.) -- Social life and customs -- Fiction; Short stories; Wall Street (New York, N.Y.) -- Fiction
“Yes. Sam Sharpe told”--Gilmartin was on the point of saying a “friend
of mine,” but caught himself and went on, impressively--“told me,
yesterday, to buy Pa. Cent., as he had accumulated his full line, and
was ready to whoop it up. And you know what Sharpe is,” he finished, as
if he thought Smithers was familiar with Sharpe’s powers.
“Is that so,” nibbled Smithers.
“Why, when Sharpe makes up his mind to put up a stock, as he intends to
do with Pa. Cent., nothing on earth can stop him. He told me he would
make it cross par within sixty days. This is no hearsay, no tip. It’s
cold facts, I don’t _hear_ it’s going up; I don’t _think_ it’s going up;
I _know_ it’s going up. Understand?” And he shook his right forefinger
with a hammering motion.
In less than five minutes Smithers was so wrought up that he bought 500
shares and promised solemnly not to “take his profits,” s. o. sell out,
until Gilmartin said the word. Then they had another drink and another
look at the ticker.
“You want to keep in touch with me,” was Gilmartin’s parting shot.
“I’ll tell you what Sharpe tells me. But you must keep it quiet,” with a
sidewise nod that pledged Smithers to honorable secrecy.
Had Gilmartin met Sharpe face to face, he would not have known who was
before him.
Shortly after he left Smithers he buttonholed another acquaintance,
a young man who thought he knew Wall Street, and therefore had a
hobby--manipulation. No one could induce him to buy stocks by telling
him how well the companies were doing, how bright the prospects, etc.
That was bait for “suckers,” not for clever young stock operators.
But any one, even a stranger, who said that “they”--the perennially
mysterious “they,” the “big men,” the mighty “manipulators” whose
life was one prolonged conspiracy to pull the wool over the public’s
eyes--“they” were going to “jack up” these or the other shares, was
welcomed and his advice acted upon. Young Freeman believed in nothing
but “their” wickedness and “their” power to advance or depress stock
values at will. Thinking of his wisdom had given him a chronic sneer.
“You’re just the man I was looking for,” said Gilmartin, who hadn’t
thought of the young man at all.
“Are you a deputy sheriff?”
“No.” A slight pause for oratorical effect. “I had a long talk with Sam
to-day.”
“What Sam?”
“Sharpe. The old boy sent for me. He was in mighty good humor
too. Tickled to death. He might well be--he’s got 60,000 shares of
Pennsylvania Central. And there’s going to be from 50 to 60 points
profit in it.”
“H’m!” sniffed Freeman, sceptically, yet impressed by the change In
Gilmartin’s attitude from the money-borrowing humility of the previous
week to the confident tone of a man with a straight tip. Sharpe was
notoriously kind to his old friends--rich or poor.
Public-domain text, read in full here on John Shaqi.
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