New York (N.Y.) -- Social life and customs -- Fiction; 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,” _i.e._ 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
side-wise 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 anyone,
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.
“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, skeptically, 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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