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THE SUN, SUNDAY, DECEMBER 7 1919;'
TUB clock of Trinity was pointing
close to 3 when Edward Sulll
van steered his six cylinder
lllotz Into Wall street and
brought It to a Htop In front of the
offices of the Olympic Trust Compuny.
Mr, Sullivan had Just come from Ills
own office further north. Ills brow,
ordinarily the serene top of a serene
nnd healthy face, carried u frown. It
was thi! second business day In two
years that he had not found a good
man to sell a bond to or a good bond
to buy from n man.
Mr, Sullivan could not perhaps be
called the bond king of New York, but
well might he claim such titles as Count
of Convertibles, Duke of Debentures or
Prince of Prior Liens. And the bonds
he dealt In were bonds, not bunks. He
cared not for the conversation of bond
tellers which ended:
"And when Congress makes the ap
propriation for the irrigation of this
vast and little understood garden spot
of the great West "
Ended Is the word, for that was tin
end of It for Mr. Sullivan. Sweeney
could have the peroration.
The Street knew that Sullivan dealt In
stuff that could stund the hydrochloric
test. It wus said of him that he never
bought a bond that could not stroll
through the late Mr. Morgan's office
without being barked at.
Sullivan's success was all luck, every
one said. Including Sullivan himself. If
Harold Van Stuyn, wishing to realize
enough ready coin for a new yacht, laid
before Mr. Sullivan his hoard of Inter
national Umbrella -is and of Consoli
dated Sunshade 3s. and Mr. Sullivan
Chose to bu the 3s well, It Just
wouldn't happen to rain as long ns
Sullivan held the Sunshade bonds. If he
walked home from his olllce he would
meet at Union Square n despondent Hc
publlcan who wished to unload New
York city -Is and at Forty-second street
some glowing Democrat eager to buy
the same commodity
In the course of such happy adven
tures Sullivan had gathered to himself
about 11,000,000 In real money. Yet
It was a matter of seme surprise to
him when, a fortnight before, the men
who controlled the Olympic Trust Com
pany Intimated to him that they would
be pleased to see him t.lly himself with
It was a strong company, with some
able minded citizens on its directorate.
So Sullivan threw his account nnd the
accounts of his satellites to the Olympic
and was made not only a director but a
vice-president. He was a bit puzzled
by the second and higher honor, but Mr.
Wetternhelm, the president of the com
pany and chairman of the board, ex
plained to him the directors' wish "to
Infuse the better and younger blood of
finance Into the veins of the grand old
Sullivan liked it. It was better to be
referred to as "Sullivan of the Olympic
Trust" than as "Sullivan, the bond
magician." At least, it was more solemn,
nnd solemnity has much to do with
great finance. Would you put such
childlike faith In your savings bank if
Eddie Foy. In costume, sat in the presi
dent's chair? No, no! For yours old
John Chilblain, the broadclothed baron
of a thousand double cinched mortgages,
wearing the badges of bank presidency
southeast of each ear!
Hut we shall return to .Mr. Sullivan's
own physical self, which has abandoned
the motor car to the care of his low
browed chauffeur and has been propelled
In the ordinary human way, step by
step, through the portals of the trust
"Has the directors' meeting begun?"
asked Sullivan of the special officer on
guard. It was his first meeting and he
feared he might be late.
"Meeting's at 3:30, sir," replied Flynn.
"Mr. Sullivan, Isn't it, sir?" f
The bond prince confessed his iden-
"There's an old gentleman been wait
ing for you half an hour," said Flynn. .
"He says he went to your olllce and was
told he'd be likely to find you here. I
gave him a seat in one of the private '
rooms that one." ,
Flynn Indicated it with a thumb ram-.
punt regardant. Then he udded, tut
in the tone of a bank policeman to a
bank director, but In the tone of a Flynn
to a Sullivan:
"He's u fine looking old tad, though
lie seems a bit queer."
Sullivan stepped Into the private room
and found that Flynn's description of
his caller was a good one. Mr. Martin
Aloyslus Kerrigan, erect In spite of his
seventy-odd years, looked lit to step into
any St. Patrick's day parade and add to
its beauty. His "high one" was polished
to a mirror, the frock coat cut for him
by MeGuIre fifteen years before held all
its graceful lines and his gray trousers
bagged only slightly where they im
pinged upon congress boots boots as
square of toe as Kerrigan was of soul.
His ruddy face, flanked with wl.lto tar
locks, beamed on Sullivan,
Mr. Kerrigan nursed on his lap a
paper parcel half as big as a shoo box.
"So you're Eddie Sulllvnn!" was his
greeting to tho bond expert. "I haven't
seen you since you were a lad, hut I'd
know you by your father, though you're
not as black muzzled as ho was.''
.Sullivan's remembrance of old Mr.
Kerrigan's personality was hazy, but ho
had often heard his father talk of
".Marty," who had been his comrado In
tho civil war nnd In den. O'Neill's celo
brated little trip to Canada, Later the
two men had tolled together in tho
1'ennsylvnnla oil fields. In his own de
clining years the elder Sullivan had
often expressed regret that ho could not
"I'd like to square up with Marty,"
John Sullivan onco said to his son. "Ho
did ma more than one good turn."
So It was only filial duty for Edward
Sullivan to be polite to old Martin A.
Kerrigan. He entered into conversation
in the old First ward spirit and the two
exchanged all the complimentary queries
mill replies common to real scions of
Kerrigan, it appeared, had come to
hear of young Mr. Sullivan's Identity,
prosperity nnd whereabouts through a
mutual acquaintance, Mr. Gecgnn, the
affluent Janitor of the Forty Story
liulldlng nnd past grand president of
the Shamrock League.
"It Isn't often I see Oeegan," said Mr.
Kerrigan, adopting u confidential tone
that was almost mysterious.
Mr. Sullivan politely raised his eye
brows. "You see," continued old Mr. Kerri
gan, "I'm llvln' down on Stutcn Island
Uopyrlvht l- t.'mlrriuil & I'liJcrwooJ.
"He calleth His own sheep
with me married daughter Ellen. She
and Joe that's her husband are very
good to me, but they don't like me to
go nway from the house. I guess they
think I'm too old to be about on me own
business, but I slipped away to-day to
find you, sir,"
"I'm glad you found mc," said Sulli
van. "And now that you have, what
can I do for you?"
"Well, you see," began Mr. Kerrigan,
"tho young folks, Ellen and Joe, aro not
well off, though they'ro hard working
young people, nnd I want to do some
thing for them. Joe has n fine little
truck garden business and he could do
finer If he had the capital to build a
greenhouse and buy n horse and cart.
So I thought, sir, I'd try to sell my
bonds. They don't know I've got them
and I want to surprise them."
"I'll be glad to sell tho bonds for you,
Mr. Kerrigan," said Sullivan.
Vie was glad that his father's friend
nail tuinc to him, for In spite of Kerri
gan's apparent health ho saw that the
old man's mind was not In the pink of
condition. In fact ho was not surprised
to learn that Joe and Ellen had kept
him closely at home. If Kerrigan had
valuable bonds It would bo a pity to let
him fall Into the hands of crooks.
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"Bring the bonds to me as soon as
you can," continued Sullivan, "or let me
come to your home and get them. I'll
get you the best price in the market for
"Oh, I've brought them with me," said
Kerrigan briskly. "Here they are!"
He laid his bundle on the table before
the bond man and opened u. The p ipcrs
It contained were all alike nil of the
same Issue, as Sullivan saw at u glance.
Picking up one of them, he walked to
the window to examine It,
A long, low, whispering whistle came
byname and leadeth them our. He goeth before them and the sheep follow him; for they know His
still lead their animals and call them to follow.
from Sullivan's Hps. He looked across
the little room nt Kerrigan, who was
watching him expectantly.
"Maybe you know something about
those bonds," said the old man slowly,
"Your father had a bunch of them him
self. He nnd I bought at the same
"I remember them well," mid Sulli
van. "If you wish to dispose of the
bonds, Mr. Kerrigan, I shall bu very
glad to tako them off your hands. 1 will
agree to give you their par value, but I
cannot promise mom than thnt."
"And what's their par value?" in
"Ten thousand dollars," said Sullivan.
"That's what I paid for them," said
Kerrigan. "I was worth half a million
then, with our dozen nil gushers, and I
bought everything that was for sale. I
didn't hold my money much better than
Coal Oil Johnny did, I'm lucky to have
saved these, anyway.'' '
"Como out to the teller's window,"
said Sullivan, "and I'll fix you up."
He Introduced the old man to Mr.
Hyman, tho receiving teller, with In
structions which Insured the Issue of a
certificate of deposit to Martin Aloysluj
Kerrigan for $10,000; likewise a check
book. Sullivan took caro to see that no
cash was placed in the trembling o.d
"I'm going to send you home In rov
car, Mr. Kerrigan," said Sullivan. "To
night you can write a nice, fat check
for Joe nnd Ellen and have something
"I hope you make n profit out of the
bonds," said the grateful Kerrigan. "I'm
grateful to you for what you've done."
"Don't worry about the Isinds," an
swered Sullivan as he carefully tied up
the package. "I'm sure I made no mis
take in buying them."
He escorted Kerrigan to the street
tucked liliu Into the automobile, gave
Instructions to the chauffeur about not
DID THE SHEPHERD OF
burning up the Stnten Island Speedway,
said good-by to his father's friend and
went back Into tho bank with tne pack
age of bonds tucked under his arm.
"Tho directors' meeting is Ju.-t begin
ning, sir," said Flynn.
Sullivan did not hurry into thu direc
tors' room, for ho observed that his
friend Mr. Wctternhelm, the chairman,
was still In tho outer olllco very busily
whispering with Mr. Hyman, the teller
who had opened tho account for Mr.
Kerrigan. Sullivan waited until this
conference was over und then, Joining
Wctternhelm, walked with him toward
the sanctum of thu directors.
"There are several of tho directors
whom I haven't met," ho explained to
the chairman. "I want you to present
"Quite right, Mr. Sullivan." said Mr.
Wetternhelm. "You will find them nil
business men of the finest type, men of
advanced Ideas in finance and most
So Sullivan, entering the room with
the long mahogany table nnd the dozen
chasto chairs to match, was Introduced
to his colleagues, Messrs. Joseph Qlouti
man, Herman Ebstern, Duncan McLeod,
Jacob Gottlieb, Maurice Ellcnbogen,
Hiram .1. Perkins, David Llewelyn
Jones, Casper Van Strunk, Cecil Guy
Sterling mil Moses fJansmere.
"It looks to me," said Sullivan to him
self when he had finished the formality
of being Introduced, "as If tills board
did need an Infusion of Irish blood. Hut
why, I wonder, did they pick me out?"
He did not nsk himself the question
seriously, but It was answered seriously
in about three minutes.
Tho secretary of the board, Mr. Mc
Leod, was reading the (illumes of the
previous meeting a meeting which
Sullivan had not attended because he
understood from Wetternhelm that It
was to be only a formal alTair, Mr. Mc
Leod droned through a mess of unim
portant things, while the directors. In
cluding the new one, looked bored,
puffed cigars and fidgeted with watch
"The following resolution was dulv
moved and seconded," read Mr. Mc
Leod. Sullivan felt an uneasy stirring among
Ills fellow directors. Each made un
effort to appear unconcerned, but tho
effort, being visible, was an utter fail
ure. Mr. Wetternhelm coughed. Mr.
(lot t lleb's chair - creaked. .Mr. Van
Slnink dropped his glasses.
"Whereas," continued the secretary,
"the board of directors realize that In
tho mind of the business public at least
tho personal fortunes of the directors of
a financial Institution are inseparably
linked with thu Institution Itself, nnd
whereas the board of directors consider
It necessary in these times of unfounded
susplclun that the business affairs of
each director be known to the board
Itself; therefore be It resolved that each
member of this board of directors ho
bound upon honor to report at tho close
of business each day to tho chairman of
the hoard nil purchases of stocks, honds
or real estate made by him that day,
and tho prlco paid therefor, together
with the name of the seller. The reso
lution," concluded the secretary, "was
put to u vote and adopted."
Mr. Sullivan knew now why ho had been
Invited to ornament the directorate,
"May I ask," he said, "whether the
vote on that resolution was unanimous?"
"Hesolutlon offered by Mr. Wcttern
helm, seconded by Mr. Gnnsmero, unani
mously adopted," replied the secretary.
"That was two days ago, at Monday's
meeting?" asked Sullivan.
The secretary assented.
A high pitched voice from the far end
of the table broke a silence that was be
coming wicked. It was the voice of
Cecil Guy Sterling, who was a director
because of his connection with his un
cle's bank in London. At hln New York
tlubs the boys called him "Pounds" nnd
voted him a bonehead. To be dubbed
a bonehead In it fashionable New York
club one has to have an Ivory tip of
"I couldn't see, y'know." sold Mr, Ster
ling, "just the sense of that blooming
i ('solution, because none of us, y'know,
is such a vel'V active trader In xineliu
and bonds and such things, I fahncy,
perhaps, the thing Is more Important
to Mr. Sullivan, as I understand he's
quite a fellow In the bond market."
"The resolution." began Mr. Wcttern
helm, frowning on Cecil Guy, "was
adopted In response to a growing de
mand among those who helleve In -"
Hut Sullivan was on Ills feet, loir
lug, and not to be denied.
"The resolution," he cried, "Is a con
firmation of a rumor I heard weeks
ago, but which I ilNci edited until now
the rumor that our honorable chairman
and threo or four more of you are go
Ing Into the bond business, and going
Into It strong,
"You've given me this high browed
honor of sitting on this directorate nnd
being third vice-president of the trust
company all hollow mockery--ind In
return you try to force me to tell you
at the end of each day's work just what
I've done. At the end of six monthH I'd
bo holding out a tin cup to passersby
and wearing u placard Inscribed: 'Havo
pity on n poor man who was fatally In
jured by the recoil of a gentlemen's
"Wouldn't I bo grand, telling you where
I pick 'em up chenp und sell 'em at a
profit? I hute to be rude with such a
dignified crowd, but I herewith tie tin
cans to the respective tails of my direc
torship nnd my vice-presidency and set
them adrift. The only time I'd ever like
to sit here again Is the day when the
fathers of that resolution make a re
port, on the level, of their buying nnd
selling; but that day will never come,
for that, surely was a gentleman's agree
ment, nnd I was to be the gentleman!"
"Henlly now " begun Cecil Ouy.
"1 ubsohe you, Mr, Sterling," said
Sullivan. "I don't bellevu you were In
with the play 'at all, and that, goes for
every other man who didn't see why tho
trap was baited. And now I'll take my
clothes If I'm lucky nnd go!"
Chairman Wetternhelm got up too.
He was purple with ruge.
"Your insinuations are, outrageous!"
he said to Sullivan. "Do you mean to
Impeach this resolution?"
"I wouldn't harm a hair of Its head,"
mild the bond prince. "Keep It, coddle
It, and get another goat's milk for It It
you can. It's u grand little resolution."
Now be it known that Director Joseph
Gloutzmun, who had remained silent
until this time, was all shrewdness, even
from childhood. When, us an Itinerant
merchant In his youth, he found ills
stock embarrassed with single shoe
strings of odd sizes and consequently
not to he mated, he established a route
among the peg legged men of the East
Side. To summarize him, he never over
looked a bet. Now he spoke.
"If thu resolution Is ull right, Mr. Sul
livan," he said sharply, "then we must
have a report of your purchases during
the last forty-eight hours,"
Sullivan grinned savagely.
"If I had made any, I don't think I'd
tell you," he suld; "but It Just happens
that 1 haven't bought a bond In "
He stopped. Wctternhelm was point
ing at the paper parcel In front of
"You bought that to-day, Mr. Sulli
van," thu chairman cried.
The bond prince was staggered, but
he came back quickly,
"So," he said, with n finger close to
Wetternhelm's nose, "your teller, Mr.
Hyman, is your spy as well as your
nephew! I had forgotten these bonds.
I did buy them to-day. Furthermore,
they belong to me and no gentlemen's
agreement Is going to forcu me to make
a report on them,"
"IJut It is a resolution and binding,"
cried Mr. Gloutzman. "We should know
what the bonds are already."
"night!" cried Mr. Gottlieb.
"Might!" echoed Messrs. Ebstern, El
lenbogen, Perkins and the rest all but
Cecil Guy, who was busy dolling Ills
"More than right!" cried Chairman
Wctternhelm. "We must see the bonds
that Is, I mean, we must have the re
port as our resolution provides. Then,
Mr. Sullivan, we will try to bear up
under the blow of your absence."
Wetternhelm wus hot. He didn't care
about the bonds, barring a slight natural
curiosity: but his personal dignity bad
suffered and he was browbeating Sulli
van to get consolation. Sullivan failed
to bu squelched, however.
"Your spying teller," he replied, "un
doubtedly told you that I paid $lo,oo)
for these bonds, and he could have told
you that I bought them from Martin A.
Kerrigan. I'll tell you that I paid par
for them. I'll tell you further, that
they're for sale, If you want to buy."
"I'll give you par for them. Mr. Sulli
van," said Mr. Gloutzman, suddenly
changing from insulted director to busy
All he cared to know about the bonds
was that Sullivan had bought them, for
Sullivan's profitable dealing was u by
word in the street.
"When I buy at par I don't sell at
par. Mr. Gloutzman," was Sullivan's
He put the bundle under his arm
and took his hat.
"Wh.it is the price, Mr. Sullivan'.'"
piped up Van Strunk.
Sullivan paused at the door. He
scowled at the crew he was leaving.
"If there was one among you," he
said rudely, "who had the nerve to buy
these bond' 'on sight unseen' I'd have
half a mind to let them go at par, plus
accrued interest. Hut It takes nerve to
be a good bond man. and I don't believe
any of you have got It. You had an
awful gall, though, to put over that
i evolution' "
Wetternhelm disappeared through a
door leading to the banking department.
He flew back In a moment, foaming.
Never in his life had he been so en
raged. He tiling on the table near S , -lhau
ten bills of the thousand do ir
"Will you join mo In this'."' he m, l ,
his colleagues. "Or must I buy t',.
paltry bonds myself finin this brig
"I'll take iL',000 worth" said Mr.
"One thousand for me." said Kbstini.
"Same!" echoed Ellcnbogen, Van
Strunk. ivrkins und G.in-mere
Cecil !ll Sterling was too slow to
"How about the accrued inter, st?"
"You will receive a cheik for that as
soon as it Is figured," said Wiitein
Sullivan picked up the flu.nni) and
tucked It in Ills Vest pocket.
"You did have the llene, after ,i'"
he said resignedly. "I dldll t belle e It
was In you. And If you'll hae a ihck
for all accrued interest at my office be
fore K o'clock tn-morrow I'll keep mum
about that resolution. The btor of
that might not sound well."
Ho flung the parcel of bonds u the
lentre of the table, strode from the room
and from the bank and was gone ,i
bluffer whoso bluff had been called,
Later that same afternoon James
Gunwells, the alert Wall street man of
the New York HUtsc, was standing in a
Nassau street barroom and peering Into
the opalescence of a silver fizz, when he
became aware that next to him, and
reaching for one of Magic Fred's dry
Martinis, was Edward Sullivan, bond
merchant. They were old friends.
"For goodness sake, Ed," said the re
porter, "give me one Item of news' It's
thu dullest day I ever met'"
Sullivan shook his head.
"Everything's slow." he replied,
"Have another of those con fei t loin ry
drinks? 1 need another Martini, I'm
waiting until my car gets back from
Stnten Island. If you'll wait a few
minutes, Jim, I'll take you to oiir
The drinks vanished, the car arrived
and away they went. At the ollhe of
the l(l!C Sullivan seemed to remember
"Get nut your pencil, Jim," he said,
"and I'll give you u bright, snappj Item
for your breezy young sheet. A newly
formed syndicate of very conservative
bankers to-day purchased, at par and
accrued Interest don't forget the ac
crued Interest $10,000 of the 1S09 Issue
of G per cent, bonds of the Irish Itepub
lie, 'redeemable when Ireland shall b,
free and Independent,' Oood-by!"
Copyright, the Frank A. ilunscy Co.)