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THE ROCK ISUAXD ARGUS, FRIDAY JULY 7, 1911.
U. ! " 1-
;K i; i?Ver9tr:3-c u BOB85 MERRILL CQ J
DONT? see where tbat could
amount to a billion of actual
currency, remonstrated Ralph
- fNr replied Kelvin. "I wiU show
r you. Twelve months ago Henry
' Breed quietly Issued from his central
y- organization, the United Food Compa
?v ay of New Jersey, a general order that
j' -T all bread and cereal foodstuffs xnnst
ITT be sold for spot cash only. The re
?? . cipta from these sales were not to be
!T deposited In banks, but were to be
' shipped In currency to the general of
flees of his company. Do you know
what this meant? Breed began as an
obscure miller. He formed combina
tion after combination of tl on ring mills
tin til, twenty years after he started
that task, he practically owned every
gristmill and eTery grain elevator in
the United States, accomplishing that
ttixough an elaborate system of rebat
ing on wheat and flour shipments. Ev
ery fanner who raised wheat raised It
to sell to Henry Breed at prices set
by Bred. for there was no other buy
er. II lx nxt Mep was to establish
the immense bnkery system which
now bears his name. Flour was set
at sncb a price that families could not
affurd to buy It and thnt opposing
bakeries were forced out of busings
Now In all the centers of population
he has his Immense mechanical bread
furnaces, from which his bread trains
rush before daylight to distributing
stations in all the small towns, while
bis remarkable automobile service sup
plies the cities. By concentration of
manufacture be claims to have Le-n of
actual benetlt to the country, furnish
ing a better grade of bread at a lower
price than was ever known before and
making more profit on it thin Individ-,
ual bakeries ever did.
."Breed pbvs everything by check, hy
pothecating some of h!s Immense stock
holdings and thus turning them into
OnebaJf of them had out their pen
cils and were figuring upon the backs
of cards and envelopes.
"Nine hundred and ninety-fire and a
half million, to be mere exact," cor
rected PeHman.- "We still have nearly
12,500,000,000 with which to transact
"You are making an error when you
estimate upon our approximate 53,500.
000,000 of cash. You are not deduct
ing the government cash reserves in
the United States treasury and sub
treasuries. You are not deducting our
$1,500,000,00) of gold which practically
never sees the light of day or emerges
from its sealed canvas bags in the
bank vaults. You are not deducting
"TOOTS THERE V .VI PE NO MOKET WHAT-
EVKIS IN THE C.NITUD STATES."
I the currency reserves In the approxl
j mate 7.0GO national banks In this coun
; try. You are not deducting the re-
"" cash, ne supplies nearly f)0.O)O.O00 j
i serves in private banks nor the 1m-
people with every ounce of bread they
tat. with every spoonful of cereal food
upon every breakfast tnb!e in the
United States, with every particle of
pastry served i:i this brond land of
ours. Think for on moment; Through
this monopolv of nil con-al f.od;tuffs
every one of Wi.'J'M.WW people pays a
tribute to him of. on the average, about i
8 eenf n dnv. wtil-h nmoimts dui!y to '
over $2.r.00.6t0. or iu me past year to
nearly a billion dollars. Actual cash,
gentlemen, nearly a billion cf actual
currency gone from our already limited ,
niense number of small private board-
I Inxs. The per capita circulation of
money in this country is estimated at
SU.". In reality, allowing for these re
serves, the actual amount is probably
but a little over Jfl." per capita of ac
j tual circulating b:ind to hand cash.
Of this over $0 per capita is now
in the possession of Uenry Breed, and
this money has seeped away so In
sidiously thnt not cue of you shrewd
financiers, who maU? n knowledge of
the ebb and flow of ioney your busi
ness, has been aware of it. Gentle
men, it is nearly all gone now, and
soon there win "be no money wnaWrer
In the United Statesr
That night there was much quiet
selling of stock, and the Atlantic ca
ble was busy with selling orders for
the London Exchange. There had been
eight of the mighty kings of finance at
that dinner, either in person or by
their near representatives.
Rollins had walked away with Kel
vin. This is a marvelous thing yon have
been telling us. said be, "but an in- j
cendlary thing too. The strange part
to that it should bare remained for j
yon alone to discover it and profit by j
it. How did yon find it out?"
"Well, with about 10.000 distributing '
agents, each one instructed to remit In j
currency only, it would be very strange 1
if there were not a leak. Doubtless a
host of people other than myself know I
of It. but the Individual amounts were
so small that no one paid any atten
tion." -That's precisely It," insisted Rollins.
Tt remained for yon to appreciate
and take advantage of the enormous
possibilities of the thing, to understand
its magnitude in the aggregate. You
are a great man, Mr. Kelvin. You
have been selling all the time, haven't
"Every morning." admitted Phillip,
"You must have an enormous ac
count by this time."
"Close to 700.000 shares." confessed
"And you held back your explana
tion of all this until you bad acquired
all you wanted? I thought so. Well,
it's an ill wind that blows nobody any
good. I want some railroad shares. I
suppose yon realize what a calamity
you are going to bring on the coun
try?" "I think I do." And Phillip's Jaws
closed with a snap.
Rollins looked at him in slightly dis
"Gad!" he said. "Some of the big
men here have been pirates, but you
will be the most ruthless wrecker who
ever got into Wall street."
"No," returned Phillip, with a curious
smile, "You have read me wrong. I
am not a pirate. I am a reformer."
"I see," concluded Rollins "in the
same manner that the Inquisition re
formed the heretics."
"1 decline to be interviewed," declar
ed Phillip. "Are you going uptown?"
At the Esplanade Kelvin found Rens
selaer. "You are the only chap on my
list who knowB a lot of the newspaper
crowd. 1 have an item for them, and
I don't want to give 1t out myself."
He told Rensselaer what bad trans
pired at the dinner. Rensselaer clap
ped him on the back and laughed loud
"The newspapers will eat tbat story!"
he declared. "It's a wonderful thing!
Great Scott, man. how many shares
are you short?"
"Then every point drop means 5700,
000 to you. This will send the line
down thirty points. Let me figure a
minute. Why. that's $21,000,000!"
"I figure on a little bit more than
that," returned Kelvin dryly. "But
don't let that distress you any. Bert."
"You might have given a fellow a
tip," complained Rensselaer.
e Climax of the $4,000.00
Now comes the climax or the round up of the great shoe sale. The sale that has gone on
record for giving the greatest shoe bargains ever offered in Rock Island. We have made
another cut in the already slaughtered prices which will make this sale more lively thah
Saturday morning from 9 to 10 o'clock we will sell 50 pairs of women's shoes, regular
$2.00 to $3.50 values for
LIMIT ONE PAIR TO A CUSTOMER. NONE SOLD TO CHILDREN.
We can't begin to name you one-fourth of the bargains. See our windows,
inside and see the racks and tables we've arranged for your convenience.
One lot men's patent and tan oxfords
13.50 values now $2.45
Men's $4.00 and $4.50 oxfords in
gun metal and tan, button and
blucher style, now '. . $3.35
One broken lot $3.00 and $3.50 ox
fords now $1.98
One lot men's work shoes,
Children's white canvas button
shoes 89c and 98c
Misses' and children's white canvas
Educator pumps, $1.29 and. $1.19
Children oxfords and pumps,
with straps, 79c and 89c
Misses' pumps and
oxfords, $1.29 and $1.45
Boys' oxfords in patent and gun
metal, $1.45, $1.65 and ... $1.85
Boys' calf shoes 98c
One lot of tan oxforda, lace or but
ton, $3.00 and $3.50 values. $1.98
One lot of black and brown oxfords,
tip and plain toe, $2.50
values now $1,49
One broken lot of oxfords, $3.00 and
$3.50 values, now $1.75
One lot oxfords, $1.50 values.
Pumps In tan, suede, satin and gun
metal, $3.50 values now .. $2.45
REMEMBER THESE PRICES ARE IN FORCE BEGINNING SATURDAY MORNING AT 9.
PRIESTER-HICKEY SHOE CO.
HARPER HOUSE BLOCK
ROCK ISLAND, ILL.
W 11 WWMWWmi'i, J 4L-t-ai3gSS
C oncer i
There's is no use sitting still
complaining of the weather.
There's a breeze on Watch Tower Hill
Where the jolly Funs enjoy themselves
You can have your pleasures, too.
Get on your way. Ride the trolley.
There is plenty there to do.
Go with the Funs and get real jolly.
Remember This means YOU!
Go Where the Funs Go!
"How much money have you?"
-A little over S2.0O0 of my own." re
plied nensselaer, "but I can get hold
of S10.U00 more."
"Do you know any way that you can
place your $12.tXMJ on the London mar
ket In the mornlugY"
"1 think 1 can. Me for It!" said
Rensselaer. Jumping up. "Watch me
make the sidewalk smoke." At the
door, however, he paused. "And just
to think." be said, "that all this glit
tering opportunity comes about
through old Henry Breed! Why, I
have an aunt out at Forest Lakes, a
i ! guest of Breed's, she calls herself, but
Bhe's a guest for pay and Is a sort of
; bear leader for the fair Lillian. She
j would be above taking money for
I coaching Lillian and afterward In
j ducting her Into society, but 6he's not
I above letting Breed 'handle her lnvest
! ments of a paltry $10,000 on a guar
j anteed return of 100 per cent."
"If you want to get those selling or
! ders away you had better hurry," sug
1 gested Kelvin, looking at his watch.
"I have an idea tbat the cables will
be loaded with Just such messages be-
j Shortly after midnight Kelvin was
I awakened by the ringing of his tele
i phone bell, and from then on until
morning he was kept busy answering
j calls from the various newspaper of
I fices. He gave them all the lnforma
i tlon he could. They besieged him for
news, for photographs, for the story of
his life, and In the morning, having
given out all the Information be bad
at hand, be was compelled to go to
another hotel Incognito to escape the
reporters. He had brought to him all
the morning papers and read with
smiles the mass of naive exaggera
tions. He was the shrewdest man
that bad ever come into Wall street.
Fie was a combination of all the great
financiers in America, from Tanderbllt
to Harrlman. He had sold short any
where from 1,000.000 to 10,000,000
shares of stock. His age ranged from
sixteen to sixty his complexion from
blond to brunette end his character
from a humming bird's to a vampire's.
About only two things was there no
disagreement be bad conducted his
commendable transactions with real
money, end Henry Breed, whose greed
had mttde this possible, was the most
profound scoundrel of the centnryl
While he was still reading these ac
counts the Stock Exchange opened, and
It opened with a rash, with practically
very trader en the floor wanting to
sell and few wanting to buy. Within
Ore minutes of the opening the place
was a pandemonium, and be had to be
a Hercules who held buying orders.
The peculiar part of the movement
was that It started simultaneously In
nearly every trading group upon the
floor. J. Men -with orders to sen 5,000
snares 'of U.P.srould no sooner exe
cute that commission than fhey .wonld
plunge Into the Steel Common group
with equal frenzy. Men with orders
to "wult for a tprlce bellowed In sheer
nervousness. It was a roaring, shriek
ing, -cursing bell. In which clothing
was rent and men fougtt like fero
cious dogs for a mere glance from a
man who bad buying orders.
By 8 o'clock every security listed on
the Stock Exchange had dropped twen
ty potnts a sharer Many ef them had
gone still lower. That afternoon the
private dining rooms of all the exclu
sive cafes were filled with grave men.
certain groups planning to go with the
movement and others, more far seeing,
devising ways and means to stem the
PeQman took a tram to Forest
Lakes, the country home of Henry
Breed. The six biggest railroad oper
ators In the street had decided that if
any man could influence Breed Pell
man was the man. Pellman himself
was dubious. He had once angered
Breed; bat. for that matter. Breed had
engaged In some quarrel or other with
every man In the market.
Pellman approached Forest Lakes
with a confidence that diminished as
he came In sight of Breed's immense
At the great Iron gates a grizzled old
woodsman with a gun took Pellman'a
card through the grill and. stepping
Inside a small lodge, telephoned to the
bouse. He came out again in a few
"Mr. Breed Is ill." he said. "The
doctor has forbidden him to see any
"Is the doctor in the house?" asked
Pellman proffered a bill. "Telephone
the doctor that I would like to see
"AH right, sir." said the gatekeep
er and turned slowly away, but be
did not touch the money, ne was
gone about five minutes. "Dr. Zelphan
says that you may come up to the
house," he announced upon bis return.
Pellman frowned as the big gates
swung open admitting his limousine.
At the door an almost decrepit servant,
not in livery, ushered him into a dim
old parlor, where rusty horsehair fur
niture bulged and crinkled with the
everlasting dampness. There was a
rustle of silk in the hall, and a girl
of about twenty stupped for a moment
In the door. She wd3 of unusual beau
ty, dark haired and dark eyed, with a
certain quick, lithe movement that told
of nervous energy gone riot for want
of outlet. For Just', a moment she
stood, a startling figure in her semi
fitted boose gown of wood brown silk;
then she moved swiftly 6way, and her
place in the doorway iv&a taken by
Dr. Zelphan. ' H
"Dr. Zelphan 7 asked v Pellman, ris
ing. " -.v- i.".
"J am, sir," replied the pther, with a
bare trace of foreign aUcent. "You
wish to see Mr. Breed?"
"On a matter of the greatest Im
portance." ' !
"Impossible." declared .the doctor.
"It is not only my orders, but his own.
that no one be admitted on any ex
Pellman considered a few momenta
tn silence. J
"Is he able to talk at all Tt he asked.
"Yes," admitted the other, and for
a fleeting instant Pellman tbwight that
be had detected a twinkle to fcc-Ipban's
eye. . '7!?$&&ir&'' -t;;i. .-
"Then I must see him," toslited Pen
man. "We are In the throea. of .a na
tional calamity P
He held out to Zelphan a copy of an
afternoon paper, aflame with the ter
ror of the withdrawal of enfiency from
circulation, with the panic of the morn
ing, with dire prophecy for the future.
"Mr. Breed is In no fit condition to
talk over such matters," said the doc
tor. "He must be In condition," Insisted
Pellman. "Mr. Breed alone could stop
Zelphan turned suddenly and strode
to the door across the halL "Con. e In,"
Pellman followed blm into a gteat
dim library. Near the window, tfit
facing the fire, sat the remarkable man
who by his ingenuity and enterprise
had built up the, most enormous busi
ness in tne world ana woo tnrougn it
had gained control of not less than
one-thirtieth of the capitalised Indus
tries of the United States. He breath
ed Pellman's name and gave him a
limp, fish cold band.
"I suppose you have heard. Breed,"
began Pellman. "that a panic has bro
ken loose today?"
Breed shook his head. "No, I had
not," said be.
"It has. Today Is but the mild be
ginning of it. but we fellows who have
been through it know precisely what
Is to follow. By tomorrow the coun
try will be crazy, and there is no tell
ing where the ruin will end."
Breed merely nodded.
"The entire board has gone down
twenty points or more today. From
the temper of the tttreet I look for
all stocks to make a new low record."
Breed nodded. Pellman began to
breathe hard, a sign that his temper
was rising. lie had been unable to
arouse the slightest trace of Interest
"Cereal stocks have suffered more
than any of them." He had saved
this shot; TEe cereal rtocits ea1 ar
lnated with Breed himself. To Pell
man's Intense disgust Breed only nod
ded as one who bad beard a pleasing
"Look here. Breed." exclaimed Pell
man. "You are going to ruin all the
business Interests in the country. You
are going to break banks, stop facto
ries and cause untold mtaery, even
starvation wholesale starvation, worse
than this country has ever known!
What are you going tor do about it?"
"Nothing." quavered Breed. "It is
none of my affair."
- (To b Continued.)
A Peek Into His Pocket.
wonld show the box of Bueklen's Ar
nica Salve .hot K. S. Ioier, a carpi n
ter, of Marilla, N'. Y., always carrieB.
"I have never had a cut, wound, bruise,
or sore it would not soon heal," he
writes. Greatest healer of burns, bolls,
scalds, chapped hands and lips, fev-r
sores, sktn-tTiipMons, eczema, coins
and piles. 20c at all Urugtdsts.
All tha news all the time The Argos.
Incomparable for Iced
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OPP08ITE HARPER HOUSE.