tragedies of the day was
sufficient. He was satisfied when he got no other response to his
question, "Do you take this man to be your wedded husband?" than a sweet
childish smile as she snuggled closer to Bob.
Bob and his bride went South to his mother and sisters the next day. He
left to me the settlement of his trades. He instructed me to set aside
$3,000,000 profits for Beulah Sands-Brownley, and insisted that I pay from
the balance the notes he had given me a few weeks before. There remained
something over $5,000,000 for himself.
The leading Wall Street paper, in its preachment on the panic, wound up
with:
"Wall Street has lived through many black Fridays. Some of them have
been thirteenth-of-the-month Fridays, but no Friday yet marked from the
calendar, no Saturday, Monday, Tuesday, Wednesday, or Thursday yet
garnered to the storehouse of the past was ever more jubilantly
welcomed by his Satanic Majesty than yesterday. We pray heaven no
coming day may be ordained to go against yesterday's record for
tigerish cruelty and awful destruction. It is rumoured that Mr.
Brownley of Randolph & Randolph, either for himself or his clients
cleared twenty-five millions of profit. We believe that this estimate
is low. The losses coming through Robert Brownley's terrible onslaught
must have run over five hundred millions. Wall Street and the country
will do well to take the moral of yesterday's market to their heart. It
is this: The concentration of wealth in the hands of a few Americans is
a menace to our financial structure. It is the unanimous opinion of
'the Street' that Robert Brownley could never have succeeded in
battering down the price of Sugar in the very teeth of the Camemeyer
and Standard Oil support as he did yesterday, without a cash backing of
from fifty to one hundred millions. If a vast aggregation of money
owners deliberately place themselves behind an onslaught such as was so
successfully made yesterday, why can that slaughter not be repeated at
any time, on any stock, and against the support of any backing?"
When I read this and listened to talk along the same lines, I was puzzled.
I could not for the life of me see where Bob Brownley could have got five
to ten millions' backing for such a raid, much less fifty to a hundred.
Yet I was forced to confess that he must have had some tremendous backing;
else how could he have done what I had seen
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