New York (N.Y.) -- Social life and customs -- Fiction; Wall Street (New York, N.Y.) -- Fiction
They stood in the corridor of the partitioned office, the crowd of men,
all of them customers of Treadwell & Co., excepting the newspaper
reporters who had called for their usual daily interview with the famous
leader of the stock market. There were two United States Senators; an
ex-Congressman; a score of men who had inherited fortunes and were
doubling them in the stock market; three or four gray-haired
shrewd-faced capitalists whose names appeared many times in the
financial pages of newspapers; a baker’s dozen of prominent municipal
politicians, a well-known Western railroad president with a ruddy face
and a snow-white beard; two famous physicians; the vice-president of a
life insurance company; a half score of wholesale merchants and a
low-voiced, insignificant little man, with a quiet, almost apologetic
look, who seldom spoke and never smiled, but who, next to the colonel
himself, was beyond question the heaviest “plunger” in the office.
The colonel came out of his office to go to his brother’s room, where,
seated about a long polished table were several directors of the
Suburban Trolley Company—men to whom the newspapers always referred not
by name but as “prominent insiders.” It was a very important gathering.
It involved no less than a final understanding in regards to the great
“Trolley pool” whose operations, later on, were to become historical in
Wall Street. It was, as one of the speculators outside put it, “a case
of show down”—the cash resources available for pool purposes were to be
ascertained, each man announcing the proportion of the 100,000 shares
for which he was willing to “put up.”
Carey was standing by the door of Wilson Treadwell’s office. He did not
feel altogether comfortable, among so many elderly and obviously very
rich men. His diffidence was the saving of him for as the colonel passed
he paused and said, in a low voice: “Got your stock yet?”
The customers in the corridor, men who, by the colonel’s advice, were
“carrying” from 500 to 10,000 shares each of Easton & Allentown, leaned
forward eagerly. All were men who north of Wall Street would not have
stooped to listen to others’ conversations if their lives depended on
it. In a broker’s office, when the leader of the stock market was
speaking, such notions were absurd, almost wicked. Certainly, at that
moment, twenty pairs of eyes were looking fixedly at the great leader of
the stock market and the young clerk.
The colonel felt this intuitively. He confirmed it with a quick glance
of his sharp little eyes. He had not sold all his Easton & Allentown,
but was disposing of it just as fast as the market would take it. It was
not likely that the stock would go much higher. Wall Street, ever loath
to believe well of any stock operator, used to comment sneeringly on the
fact that the world heard much about the “Treadwell buying” but never a
word about the Treadwell selling.
Public-domain text, read in full here on John Shaqi.
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