en I read over what is written here, I wonder if there will
not some day be another chapter of "Frenzied Finance" written by another
pen than mine.
I sent two police officials to the island of Jamaica, and had the
contents of the coffin marked "George H. Towle" photographed. I could
not photograph the contents of the ocean's depths.
FOOTNOTES:
[9] A stock operator's one reliable source of information is his ticker and
tape. For the benefit of those of my readers who are unacquainted with the
paraphernalia by which stock-markets and financial operations are
conducted, I would say that the ticker is a small printing machine through
which passes an endless paper tape. The machine is run by telegraph wires,
and it prints upon the tape letters and figures which are abbreviations of
the names and prices of all the stocks and commodities dealt in on the
stock-exchanges and boards of trade throughout the world. The instant
anything of moment happens anywhere, it is reflected by a rise or fall in
the price of securities or commodities such as wheat, corn, pork, cotton,
etc., that are dealt in in the different stock-exchanges or boards of
trade. As soon as a share of stock or bushel of wheat is sold by one
operator to another on the floors of the different exchanges, its price is
within a second printed on the tapes in the different offices. Therefore
what the ticker "ticks" out onto the tape is instantly read by operators
throughout the world, and as "the tape never lies," operators turn to it
for their real information. When the ticker begins to increase its clatter
and the tape to travel fast, an operator will tell you its activity means
something unusual is happening. The ticker begins to talk at ten o'clock
each week-day morning and finishes at 3 P.M., with the exception of
Saturday, when the hour is 12 noon. These are the hours that the
stock-exchanges are in session.
[10] The charter as originally passed had gone through by a fair majority,
but to pass it over the governor's veto was another matter. That required a
two-thirds majority of both houses, and in the brief time at the disposal
of the conspirators the securing of the additional votes was wellnigh
impossible. From the necessities of the case such votes must cost much more
than those of the original supporters of the bill, for it may be taken for
granted that most of the members of the minority had already withstood such
temptations as the Whitney faction ha
|