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## Material Information

Title:
Diamond cut diamond, or, The boy brokers of Wall Street
Series Title:
Fame and fortune weekly : stories of boys who make money
Creator:
A self-made man (J. Perkins Tracy)
Place of Publication:
New York
Publisher:
Frank Tousey
Publication Date:
Language:
English
Physical Description:
1 online resource (28 pages)

## Subjects

Subjects / Keywords:
Dime novels -- Periodicals ( lcsh )
Wealth ( lcsh )
Entrepreneurship -- Fiction ( lcsh )
Boys ( lcsh )
Genre:
serial ( sobekcm )

## Record Information

Source Institution:
University of South Florida
Holding Location:
University of South Florida
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All applicable rights reserved by the source institution and holding location.
Resource Identifier:
F18-00071 ( USFLDC DOI )
f18.71 ( USFLDC Handle )
031307937 ( ALEPH )
837608939 ( OCLC )

## USFLDC Membership

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Dime Novel Collection
Fame and Fortune Weekly

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Serial

Full Text

PAGE 1

"How much for this stock?" asked Mr. Benson, holding the package above his bead. "I'll give ninety,'' said White. "Nine-one!" bid Hammond. "Two!" from White. "Three!" shouted his rival, excitedly. "Five!" said White, coolly. The spectators held their breath. /

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Fame and Fortune-WeeKly STORIES O F BOYS WHO MAKE MONEY l11ued Wtt1dy-By BubcrlptW.. 1:u10 p.,,. year. Entered according to Act of Congrua in tM-year 190tl, in tM-office of the L ibrariall of Congrea, Wiul&ingtoll, D O by Frank Toiuey, Publiaher, 24 Union Square, New York. N o 64 NEW YORK DECEMBER 21, 1906 PR.I CE 5 CE TS. DIAMOND CUT DIAMOND OR, THE BOY BROKER S OF WALL STREET B y A SELF-MADE M A N CHAPTER I. when their heads came together wit h a whac k tha t bro u g ht t e a r s t o their eyes, and caused th e m to sit down on the JAY WHITE marble floor with more haste than gra ce. "Say, wot' s de matter w it' you? h owled T eddy .i\larks A br ight ne w five-dollar coi n lay in the center 0 the Jay White 's office b o y th ird floor corridor of the Barnum Buil din g Wall Street, "Wot s d e matter wit' y o urself?" replied Mickey Dooley, one morning about ten o'clock. Harry Hammond's factotum. It h ad been there o nly a few minute$, and was not l ikely Then both boys m ade a grab for the coin. to e scape the observ a tion o f the first pers o n w ho came o n "Hold on, I seen dat first!" said Teddy, as ea c h got his the scen e fingers on oppos it e edges of the gold piece Two doors on oppo site s\ des of the c<>rridor f aced that "I like d a t !" r e plied Mickey. I seen it first meself." gol d p iece, which r eposed exactly mid -way between them. 'l'eddy tried to push Mickey's fingers away, but th e oth e r The doors were exa c tl y alike and similar t o every o ther resisted. door o n t h e floor, b eing m a d e o f poli shed o ak, i n the upper ."I'll punch youse in de nose if you d on't take y e r fingers hal f o f which was inserte d a lar g e pane of ground glass. off dat mone y !" cried Teddy, beligerently. O n o ne o f the panes was painted in gilt lett e r s the words: "You will, I don t t'ink !" retorted Mickey, defiantly. ".J W h ite, Stocks and Bonds. Goldfi ld ]\finin g S e T e ddy struck out with the fist that held the l ette r, and curities a S pecialty Mickey counter e d with l-iis disengaged hand, but n e ith e r O n .the o th e r in gilt l e tters, too, was the legend : "Harry let go his hold o n the coin. Hammond, S tock s and Bonds. Western Min i n g Securitie s Matters were practically at a dead-lock between them a Specia l ty." Neithe r wanted the other t o get the best of him. Ther e was n ot a soul in s ight when bot h PAGE 3 / 2 DIA:i\lOXD CUT DIAlllO ... -D. The only point on which T e dd y and w ere of one mind was their hatred for Finnegan. The A. D. T. messenger wa s somet hin g of a bully, and he delighted in lording it over boys sma ll er and weaker than himself. He had put it all over Teddy and l\fickey on different occasions when he met them singly, for, individually, thoug h spunky, they were no match for hi.[IJ. As Finnegan came up he spie d the bone of contentionthe five-dollar piece, and his eyes twinkled maliciously. He saw a chance to improv e his financial conclit ion. "Wot you two doin' the re, eh?" he inquired, with a sardonic grin. "Fightin' over dat money? Get up am1 hav e it out, and I'll hold de stakes He swooped down, pulled their :fingers from the coin an d picked it up. "So lon g, I'll see youse later J" he chuckl e d as h e slipped it into his pocket and started to walk off. "Here, drop dat !" roar ed Teddy and Mickey in one breath, scrambling to their feet and grabbing Finnegan by each of his arms. "I've dropped it-into m e pocket," replied the messen ger, with a cunning leer. "Give it up, do yer hear?" d eman d ed Mickey, tugging at his arm. "Hand it over!" roared Teddy, giving his other arm a pull. "G'wan, or I'll kick de stu:ffin' out of youee two snarled Finnegan, trying to break their hold. "You'll kick de stuffi.n' out of no t'in', you bi g stiff!" cried Mickey, angrily. "Let go of me acrns, will yer ?" excl aimed the messen ger, snatching hi s hand away from Teddy and then aiming a blow at his bee. 'l' eddy uuc:ked, and, tackling Finnegan around the knees, tripped him up. He fell with a crash, pulling Mickey chwn on top of him. "Hold him till I go t 'ro ugh his pocket!" shoute d Teddy, straddling the lanky messen ge r. "Let me up!" roared Finnegan, as l\Iick ey threw hi:; whole wei ght on his chest. "I will, I don't t'ink !'' answered the small youth, as his companion deftly thrust his fingers into the m esse n ger's pocket and drew out fhe half-ea g le. "I've got it!" cried Teddy, triumphantly. "Bea t it, Mickey! We'll divv y ltp when we get it c hanged." The two office boys sprang to their eet and scurried for the stairs, clown which they flew, tal (ing three s t eps at a leap. Finnegan, in a furious rage, attempted to follow them, but he had a s much chance 0 catching them as he had of flyin g. Hardly had the boys disappear ed before two well-known brokers, one short and stout, the other tall and thin, got out of the elevator at that floor. 'l'hey came along thr corr idor until they halted between the offices of White and Hammond. "Ilere's where lhe boy brokers hang oul,'' :;aid the faL ma.n. "Which one shall we tackle first?" "I don't sec that it makes any differcncP," rcplictl hi:; companion. "All fleece lo oks alike to me. I clon't care which we shear first." "Then we'll call on Jay White If he doesn't bite we can transfer our attention to Hammond. I wish I knew how much money th ey have." "I heard that White hac1 an annt who left him her boodle. When he got holcl 0 it he left Switzer & Co., where h e was margin clerk, and set up for himself." "Good It's up to u s to sample that boodle before some body else gets their flukes in. Know anything about Ham mond?" ''Not mueh," replied his companion. "I believe he got his capital out 0 his father's estate, which was settle d last month." "So long as they've got money it doesn't interest u s how they came by it." The stout broker knockeil at Jay White's door. "Come in!" cried a snappy voice. The brokers accordingly entered what evident ly was the reception-room. It was furnished with a rug, a table, half a dozen leather upho l stered chairs, an indicator in one corner, and a number of maps and photographs of Western mining properties. The door connecting with t h e private office was open, and the visitors saw a bright and rather shrewd -lookin g of eighteen seated at a r oll-top "Well, gentlemen, step right in," said the lad, genially "Am I arlclrcssing Mr .. Jay White?" asked the stout man, as they entered the inner ofTicc. "That ii:; my name, sir." Glac1 to know yo11, fr. While," sairl tlJp broker. ":My name is Chac1s<'y: Niel1olas Charlsry. I um PAGE 4 DIAMOND CUT DIAMOND. 3 White shook his head "That stock isn't worth the paper it's printed on," he said. "Who says so?" flared up Mr. Chadsey. "I say so." "Perhaps you'll give me your reason," said the broker, with a slight sneer. "Certainly," replied the boy, politely. "Atalanta pe ter e d out unexpectedly a couple of years ago and was taken off the Western exchange$ soon afterward. It has no specu lative value whatever to-day 1Ur. Chadsey looked disappointed. Not because he had learned something he didn't know before, but because the boy broker was evidently better posted than he expected." "Then I can't do ariy business with you?" he said, reg retfully. "Not with Atalanta." "I have a block of Big Extension," interjected Mr Hed den. "I've got 20,000 I'd like to sell for five cents a s hare." "Nothing doing," answered White, with a slight grin. "Big Extension went up Salt Creek four years ago and hasn't been heard of since." "Why, I gave seven cents for that stock," protested the tall broker. "That's about all it's worth," replied White. I mean seven cents a share." "Ohl Then you gave seven cents a share too much." Mr. Jiedden looked at Mr. OfiaClscy, and the fat broker returned the look. I It was clear they were not maldng much progress with the young broker. "You don't want to buy it, then?" "Hardly," laughed White. "My waste-paper basket is pretty full already." "Do you think: Hammond would buy the stock_?" "I cannot answer for Mr. Hammond," replied White. "'l'he best way for you to find out is to ask him." "Can you furnish me with a list of Western stocks you have for sale ?" asked Mr. Chadsey. "Certainly," replied White, handing the broker a typewritten paper. "I see you are selling pro spects even if y ou are not buy ing them," re1m1rked Mr. Chadsey, sarcastica lly. "Why not? '' replied WJ1ite. "These are all commissions sent to my office for sale. Everything y ou see on that paper is listed on the Goldfield Exchange, and consequently has a specu lative value. For instance, I am offering 1,000 Hhares of Silver Pick, a Goldfield prospect, at 75' cents a Rhare. It was quoted yesterrlay on Goldfield at 89. 'l'ha.t's a samp ] e of the baigains I am offering in Western securitie s." Mr. Chadsey folded up the paper and put it in his vocket. "Come, Hedden," he said, rising from his chair, "I guess we'd better move across the corridor and see if we can do any business with Hammond. Atalanta and Big Ex tension seem to be at a discount in this quarter." "Call again, gentlemen, when you are in the building. I shall be pleasecl to see you any time. Sorry I haven't a cigar to offer you, but I don't smoke myself. If I can do anything in Western mining stocks you let me know," and Jay White bowed his visitors into the corridor and returned to his de. k with a knowing look on his strong, countenance. CHAPT.ER II. HARHY lIAl\D'.l:OND "There seems to be no flies on Jay White," remarked Nicholas Chadsey to his companion, when the two brokers stood once more in the corridor after their unsuccessful attempt to sadclle several thousand sha res of worthless Western securities on the boy broker. "Ro. He 's a sharp youngster. We must try some other game on him," replied Tom Hedden, with a slight look of disgust on his shrewd features. "Well, let's see what we can do with this young Ham mond," said Chadsey. "Maybe he's easier." "It's to be hoped he is. I want to get rid of those 20,000 Big They've turned yellow in my safe. If I could get $500 for them out of this chap I'd con sider I'd done a good morning's work." "I'll sell my 10,000 Atalanta at any figure he'll bite at. Jay White was right when he said they weren't worth the paper they're printed on," with a grin. The two brokers entered Harry Hammond's office. That young man had a reception-room and inner den almost the counterpart of Jay White's, but there the re semblance between them ceased. Hammond was a bright, handsome-looking lad, with a genial, open countenance. The milk of human kindness seemed to flow from his soft, gray eyes. Almost any one w ould have taken him by the hanc1 and felt here is a boy that can be trusted. Nothing crooked about him, but everything fair and above-board. Brokers Chadsey and impression was that. he looked iike a good thing. Perhaps he was, but we shall see. Mr. Chadsey introduced himself and his companion in the same way h e dic1 in White's office, and Harry HammoJ1c1 expressed the pleasure he felt in making their acquaintance. Then Nicholas Chadsey proceed eel to maJrn known hi s business. He had J0,000 s hare s of Goldfield Atalanta which a customer had left on his hands for sale. Would Hammond buy them at-well, per hap s the boy broker would make a bid. PAGE 5 4 DIAMOND OUT DIAM0l1 D. .. Harry looked the certificate over carefully. It was all right as far ils it went. 'l'he1i'he consulted a memornndum book he took from one of the pigeon-holes of his desk. Under the heading of "Dead Mines" he located Atalanta. Following. it were the words in brackets, "See note, p. 86." He turned to page 86 and glanced at what he had written there. Then he closed the book and returned it t.o the. pigeon hole. Tbe two brokers had been watching him attentively. "I'll give you$100 for the he said, wheeling around in his chair and looking benevolently at Mr. Chad sey. "One hundred dollars!" exclaimed the broker. "Why, it's worth--" "Nothing," replied Hammond, with a quiet smile. "Nothing!" almost gasped Mr. Chadsey. "Nothing I" he repeated, looking h'ard at the young broker. "Absolutely nothing," returned Hammond, with the same smile. "If it's worth nothing in your opinion, why do y o u offer $100 for it?" asked the mystified broker. "Because I'm looking for a few dead certificates to frame and hang up in my office," replied Ha.mmond; genially. "And you're willing to pay$100 for them?" '-'For my choice." "Rather an expensive kind oi wall decoration, I should say," replied Mr. Chadsey, rather puzzled to undeistand the boy's method. "It's a fad of mine," answered Harry Hammond, with another pleasant smile. "l dare say we all have fads in our way. Do you accept my offer?" "Yes," growled the broker, who was disappointed at not being able to skin the boy to a greater extent. However, $100 was better than nothing. : The boy broker went to his safe, took out the money and the transfer completed the bargain. "Per}+aps I can sell you a 20,000 certificate of Big Ex tension," now put in Mr. Hedden, producing an envelope from his pocket and extracting therefrom a handsomely printed sheet of bond paper. "I value it at$1,000, but I'll be happy for you to make a bid." Hammond took the certificate, looked it over, took down his memorandum book, turned to dead shares, noted "Big Extension," saw a note which referred' him to page 66, turned to that page and read the note. "Big Extension," he said, turning tooMr. Hedden, "never amounted to a hill of beans. One hundred thousand shares were sold at one cent each for purposes three years ago when the mine first came to Subsequently another hundred thousand shares were sold at 212 cents u share to :finance the work of developing stringers and bunches of high-grade ore that were repeatedly opened up and returned values of from $100 to$1,000 per ton. The company worked diligently in an effort to locate the source -' of these bunches of ore, but on each occasion, howeve r disappointm ent followed, and th e ore opened up proved to be only another of the d e luding bun ches. Finally work on the mine was abandoned, and the shares removed from the exchange lists. Big Extensron isn't worth--" "Maybe you'll give $100 for that certificate to hang on your wall beside Atalanta," interrupted Broker Hedden,' with a sour smile, disgusted at the knowledge Harry Hammond showed in Big Extension "Well," replied the boy broker, "it's rather an expensive luxury, as Mr. Chadsey just remarked, but as I am in favor of preventing the few dollars I have in my safe from growing rusty through inaction, I'll take y ou up." He went to his safe for the money, while Hedden re marked to his companion, in a low t.one: "Well, I'll be jig gered if this chap isn't a "That's right," nodded Mr. Chadsey "He's either a blamed idiot or--" The broker didn't :finish his remark as Hammond just then returned to his desk with a bunch of note s in hi s hand. which he passed over to Mr. Hedden. "Gentlemen said Hammond drawin g a pad toward him nnd heginning to write "I'll take a receipt from each of you for that money." "A receipt I" replied Mr. Chadsey, in surprise. "What do you want a receipt for? You've got the goods and we've got the money for them "Merely a memorandum of the deal between u s," an swered Hammond. "What the dickens do you want a memorandum for?" "It's a kind of fad with me to collect such things," re plied Harry, sweetly. He went on writing, while the brokers looked at each other. tapped his forehead significantly a s muchas to say that the boy broker had wheels in head, and Chad sey nodded, wit"1 a grin. In a few minutes they departed, each$100 to the good and perfectly satisfied that Hammond was a fool. They would have had a different impression if they haa been able to look over the boy broker's shoulder at that moment. He ha d just ta.ken a letter from a pigeon-hole and was reading it. It was dated from Goldfield, and ran as follow s : "Harry Hammond, Barnum Bldg., Wall Street, New York: "Dear Old Chappie.-A little les s than two months ago the Hercules Lea s ing Syndicate was organiz ed. Since that time we have equipped the lease with one of t he most com-1-ete and satisfactory plants of machinery to be found in the entire Goldfield district. A shaft has been sunk to the depth of 200 feet. The ore we taken out assayed about $500 per ton. Hercules stock was quoted yesterda y at$4.15-tbe Syndicat e stock at 60 cents a shar e Now, Chappie, here's a pointer for you. The Hercules mine join s the old abandoned Atalanta mine on the west and the

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DIAMOND OUT DIAMOND. equally dead and forgotten Big Extension on the east. We have discovered that the ore ledge we are working in the Hercules broadens out toward the Atalanta and that another vein which we have located but not touched yet runs toward the Big Extension. The prospect is so good of a rich strike far superior .to the Hercules in both of these old-timers that we are quietly buyi'.lg up the certiiicates of both wherever we can find them. On their face they're not worth a tinker's blessi,ng, and we. are getting them for a mere song. About 60,000 shares of both these stocks were sold in New York. If you CM locate them, buy them in by all means. You ought to get them at your own figure. At any rate, if you don't want to hold them, I'll give you a cent a share for all you can buy in. He tore the paper intb fine particles and dropped them into his waste-basket. Then he sat down before his desk and his :furrowed brow showed he was thinking deeply. Suddenly a great rac ket in the outer office aroused him. He s.p,r!l.llg }lp and threw open the door. His boy, 1fickey, and the messenger, Finnegan, w ere floundering the room in a close embrace. In some way Mickey managed to trip Finnegan up, and the D . T. boy };iis head the wall, stunning him for an insta.'zit. .. Mickey, W'ith a howl of triumph, sprang up, slapped a chair across his ene!Ily's chest and sat down on it, using Finnegan's head for a footstool. Hammond didn't encourage such revolutionary conduct in. his office boy, ):>ut he cou. 14n't help laughing in_ this in stance to see how sma rtly Mickey had got the upper hand Harry Hammond smiled serenely as he :finished the leton the big boy. "Yours as ever, "J .A.CK." ter, returned it to the pigeon-hole and took up the certi:fiAs soon as Finnegan tried to overthrow the chair with cates of stock he had just acquired. its live burden he interfered. "Dead mines, both of them,', he murmured, with one of. "Let him up, Mickey," he said, with apparent sternness. his seraphic smiles; "but the dead sometimes come to life. "What do you mean by up such shines in my Hercules was as dead as a doornail once, now it is selling office?" at $4.25. Suppose Atalanta and Big Extension develop Mickey slid off to his chair near the window, while Finpaying ore one of these days, what will these 30,000 shares negan slunk out of the room. be worth? A fortune, and those gentlemen who sold me the ""Wi1at vvas the trouble between you' two?" Hammond certificates thought they had worked a sharp game on me. asked his office boy. Yes, I guess I'm a pretty easy mark," chuckling softly to "He slapped me in de smeller as he was goin' out, and himself. ctr heard Jay White tell the superintendent of I soaked him back." the building so the other day. He said I'd be eating snow"Why did he hit you first?" balls when he got through with me. Long before that hapMickey explained the incident of the five-dollar coin pens his fleece may be hanging among my office trophies-of the preceding day. smart as he looks." "Well, don't let it occur again," replied Hammond. Harry Hammond rubbed his hands together and chuckled He returned to his den, put on his hat and came out again. again. CHAPTER III. .A. DEAL IN OPTIONS. Harry Hammond had just arrived at his office on the following morning when a D. T. messenger entered the re ception -room and inquired for him. The messenger happened to be Peter Finnegan, and he looked daggers at Mickey Dooley when he spoke to him. Mickey grinned, tantalizingly, as he ushered the messenger into the little private room 0 his boss. "Jusf. wait till I ketch youse outside somewhere," !Cin negan said to him in a hoarse whisper. "I'll put it all over yer till yer can't walk straight.'' "Is dat a fact?" retorted Mickey, with a chuckle. There wasn't a chMce for Finnegan to make an answer to Dooley's sarcastic remark, so he handed the envelope to Ha .rry Hammond. The young broker signed the messenger's delivery sheet and tore open the envelope. What he read developed one of his pustomary smiles. "If anybody calls to see me tell them to wait. I'll be back in a few minutes. I'm only going across the cor ridor _to Jay White's office." "Yesser," replied Mickey, briskly, who, as soon as the door closed behind Hammond, began to walk around the room on his hands, with his heels in the air. Harry Hammond crossed t.he corridor and entered the office of his business rival. "Hello, Hammond!" exclaimed White, who happened to be in the reception-room at the moment. "How are you making out?". I "Oh, I'm not setting the Street on fire!" laughed Harry, pleasantly. "Come into my den," said White, catching him by the arm and leading him into his sanctum. "Anything I can clo for you?" "I merely came in to inquire if you know where I can g e t some L. & S. stock?" replied Harry. "I can get you some. In fact, a customer left 1,000 shares with me to dispose of. If that's .enough, you can have it at the market pi:ice. If you want ;MY more J_ kn9w where I can get another thousand." .-', .. PAGE 7 6 DIAMOND CUT DIAMOND. "I don't want it to-day," answered Hammond. take it," said White. "It may be higher to morrow." "I'll tell you what I'll do," replied Hammond, after a moment's thought. "I'll take the 1,000 at 68, which is the price it's ruling at now, if you'll sell me an option of ten days on 4,000 shares more at 72." "I don't know about that," replied White. "What are you willing to pay me for the option?" "What do you want for it, spot cash?" "I want$2,000," replied White, after considering the matter for a moment or two. "Write it out," replied Hammond, promptly. "Do you mean that?" asked White. "I do. Is it a go?" "Who are you buying the stock for?" asked the other, curiously. "Oh, come now, White, isn't that a rather large ques tion ? You gon't expect me to tell you all my business, do you?" "I beg your pardon, Hammond, it's a way I have. Have you got that money with you?" "No, but I can get it in fifteen minutes." "Then go and get it and you can have the option. By the way, there were a pair of Broad Street brokers in to see me. Chadsey and Hedden were their names. I guess they took me for a new thing, for they tried to unload on me 30,000 shares of two dead Western mines. I wouldn't bite. Then they said they'd go in to your office and see what they could do with you. -Did you see them?" "I did," replied Hammond, quietly. "I suppose you tumbled to their object, too, and sent them away with a flea in their ears." "No, I bq_ught the stock." "You did what?" exclaimed White. "I bought the stock." "You bought those 30,000 dead shares I You're joking, aren't you ?" "No. I got them cheap-at my own figure, and I took them. They may pan out something onsi of these days.'' White whistled softly and looked hard at Hammond. "Why, I wouldn't give a doilar for both those cerfifi cates. Don't you know they aren't worth the paper they're printed on?" "Some dft.y--" began rupted him. Hammond, but White inter"Some day be hanged I yellow with age." One of those certifica.tes was I "It was three years old." "The Atal_anta mine went to the dogs two years ago, and the Big Extension never amounted to anything more than a lJroposition, and a mighty bad one at that." "'fhat's true," admitted Hammond, with ft. cheerful smile. "If you know it, why did you buy the stock? What good will it ever be?" "It's a fad of mine to take a chance at a long shot soIQetimes." "Oh, you're a chap that's willing to bank on the unex pected, eh?" "You can put it that way if you like." "Hammond, you have my sympathy," grinned White. "It's my opinion that you are out of your element in Wall Street." "Think so, do you? Now I had an idea that it was you who was rash in venturing your little boodle in the finan cial district." "Thanks, old chap," replied White, sarcastically, "your remark is quite brilliant. But taking this late Western investment of yours as a sample of your way of doing business, I should think that a steady diet of fried icicles will soon be in order for you." "Stranger things than that have happened to some of the veterans of Wall Street in their day." "That's no dream. Six months ago Dan Harkins, the millionaire trader, went to the wall trying to corner Erie common." "He isn't the only gray-beard who passed his life in the Street, had every trick of the business at his fingers ends, and then got wiped out in a single hour in the Stock Ex change." "And he won't be the last." "That's right. Still there are lots of them who go right along piling up their thousands stea"dily, hold on to them and finally die millionaires." "D'o -you hope to join that class, Hammond?" "That's my ambition." "Well, you've begun well," replied White, sarcastically. "I think I have," answered Hammond, quietly. "I fancy I see your finish," grinned the other. Better get that $2,000 right away so I can make that option out. I might as well' have a little of your money before it all gets away from you. How about the thousand shares you're going to take off my hands?" "I'll pay you ten per cent. down, the balance C. 0. D." "All right. I'll hold the shares subject to your order But if the price should go down over five points I'll notify you to take up the stock or secure me against possible loss." "That's fair enough," acquiesced Hammond, rising from his chair. "I'll run down to the safe deposit company and get you$9,200. Have the option ready when I get back." "I'll have it ready, don't you fret," replied White. Hammond was back in fifteen minutes, paid the money over, got his receipt for $6,800 on account of the 1,000 shares, and the option on 4,000 at 72 to be delivered any time within the next ten days that he should call for them. "That's the easiest$2,000 I ever made," grinned Jay White as Harry Hammond left the office, "for I've good reason for believing that stoc]\ will go down instead of up, and I'll make the difference between what I'll be able to buy it in for and the option price.'' He chuckled gleefully as he slapped the wad of billR jnto his safe.

PAGE 8

CUT DIAMOND. 'l' OIIAPT I m L V. IN WHICH HARRY IIAM.llfOND COMES OUT ON TOP, Ii. & S. shares dropped half a point on the following da ys, and that fact caused Jay White to wear o ne of those smiles that never come off. His came off two days later when 11. & S., instead 0 dropping further down the scale, as he fond l y expected it woulcl, recovered its elf and went up to 73. As White did not have the stock on hand he realized if Hammond called on him to deliver the shares that day, as it was his privilege to c1o, he would have to go out and buy them at a loss of $4,000, less, of course, the$2,000 he had received for the option "That young villain is $2,000 ahead of the game at this point, and his gain is my loss. f L. & S should take a notion to advance another point I'd be$4,000 more out un less I buy the shares now. I wouldn't have sold that op tion only pointed to a slump in the mar ket Instead of which the market has stiffened up But that may only be a spasm. If I should buy those shares now and the market then should weaken, as it's very likely to do, I'd feel like kicking myself from here to Broadway. What shall I do? I'll go out and have a talk with Broker Smith He's a good and can smell the way the wind is going to blow as well as any man alive." Accordingly. Jay White put on his hat went in quest of ::M:r. Smith. White wasn't the only hroker who was disgusted with the upward trend of L & S Hammond had visited brokers Chadsey and Hedden and secur e d options for 5,000 sharer; from each of lhem at 72, p a ying them $3,000 apiece for that privilege. The advance of the stock to 7:3 1rnt Hany$1.5,000 ahead I of t!ie game, and he wore an unusually radiant smi le, for h e had an idea that none of the people whm;c option he h e ld could deliver purchasing the shares at the a dvanced price. Wheth e r Mr. Smith advLecl White that the market would s ur e ly react, or he decided to risk that desirable r esult on h s own hook, certain it is he ma.de no effort to buy the 4,000 s hares he had pledged himself to deliver to Harry Hammond The stock remained stationary until noon on the follow in g day whe n it went up another point, an e i ghth at a time This additional advance put \\'1iitc in a col d sweat, but he h e ld on until it went up one-half a point more, then he s uddenly weakened and, at a clear loss of $8,000 on the d eal, he bought the stock. Then he called on Hammond and asked liim if he wanted 1.he shares. "No, replied Harry, s haking his head, "I haven't called in my options yet.n "Option s !" exclaimed White, in surprise. you buy any more?" ''\\ell, I don't mind telling you that I bought on e o f r iGholas Chadsey and another of Tom Jiedde n Th e y have each agreed to deliver 5,000 shares of L. & S time I want it within ten days at 72." "And it is now 74 7 8," said White, with a look 0 intense disgust -"It will be h i gher tomorrow," smi led Ham m ond "How do you know it. will?" asked his riva l sharp l y "I don't know. I only think it will. Nobody knows any thing for a certainty in Wall Street "Look here, Hammond I believe you had a p o i n te r on L. & S "What makes you think so?" "The fact that you took the risk o.f those options You've been :figuring on a sure thing." "Pooh! There's nothing sure in Wall Strcel." "W ll you've touched me up to the tune o.f$8,0 00, f or I bought 4 ,000 shares of L & S. at 74 1 2 to -clay to save mvself from further loss." ."If I'd been you, White, I'd have bought 8,000 instead of 4.000 to cover rnvself out of the rise," said Hammon d serenely "I shan't charge .von .for that a dvice. u Oh, you be jiggered Aren't you going to take tho:;c shares off my hands and me them?" "I will call for them when I want them," rcplicJ Ham mond, cheerfull:v "But you've got me tied up on t hose shares," answe r e d White, almost angrily. "I am sorry," returned Hammond, trying to rep ress bis look of satif;fadion, "but it seems to me that's your lookout, not mine "A re you going to stand me off for your fu ll poun d o f flesh ?" "What \l" OU ld you
PAGE 9

DIAMOND CUT DI:Al\IOND . :=. =======::::::::======================:;========================= .::::=:=:::::::::::;: Tliey had both bought the stock in at a loss of $l5,000, and were holding it for the boy broker : The longer they had to. carry the istock the more were out in the matter p.f interes-t, and: this f.act ac Qaunted for their eagerness fa settle up the de!il. As it was money in Hammond's for them to hold the .s tock under the circumstances until the time limit ex pired, or the market turned, he refused to take up his op tions, much to their discom.fi.tiire. They went away, vowing to get square with him when they got the chance. Their threats didn't won:y Hammond even a little bit. On the tenth day after buying the options from Jay White and the two Broad Street brokers, Harry Hammond called them in. He sold them to a big brokei: of New Street at the market price, then 84, getting$180,000 out of the transaction for himself, less the $8,000 he paid for the options. Jay White managed to save himself at the last moment by buying 2,000 shares at 80 and selling out at 84 1-8, but that scarce ly made him any happier, for he would rather have lost twice the amount Hammond had scooped him ior to any other broker. He couldn't get it out of his mind that the boy across the corridor was laughing in his sleeve at him, and that jarred upon his nerves. His sole thought now was to try and catch his business rival napping and do him up good and hard. "I'll squeeze him as dry as a sponge," he gritted to him self, "if I can only get the chance." The thing, however, was to get the chaJ.Jce. CHAPTER V. THE THREE Nicholas Chadsey and Tom Hedhare;; of L. & S.,'' gritted l\Ir. Chadsey . '' here. I never wa'. For my part, I don't mind the hole in my bank account so much as the fact that my fleece went to decorate the assets of that smiling young monkey." "That's right," nodded Mr. Chadsey, chewing venge fully on his toothpick. "It is simply beastly luck!" cried Tom Hedden, wrath fully "Do you know what I think?" said the stout broker, sud denly. "What?" "That boy got hold of a tip on L. & S. and deliberately worked us on the strength of it." "Do you think so?" asked Hedden, in some surprise. "I do,'' replied 'Mr. Qhadsey, in a tone of conviction. "How otherwise would a young snip like him have the nerve to come to us and purchase two options of 5,000 shares each oli an apparently f!J.lling market? He stood every chance of being wiped out of the Street, unless hi s capital wa bigger than I think it v;;as." "By George! I believe you're right." "I know I'm right." "I can tell you another thing. WrJre not the only one s that he tricked on the option business.'' "What's that? Did he buy other options, too?" "He bought one other option to my certain knowledg e." "Who from?" asked Mr. Chadsey, with some show of interest. "You'll never guess," replied Mr. Hedden, with a slight grin. "Tell me," requested the stout broker, impatiently. "He soaked that sharp young Jay White, across the cor-ridor from him, to the tune of 4,000 shares." "The dickens he did!" "That's a fact." "Did White tell you so?" "No; but he told a friend of mine, and the story was passed on to me as a good joke." "Well, I'm jiggered. That Hammond is a bird." "Re':; a hawk in dove's feathers-that's the kind o.f bird he ii>," answered Hedden, with a snort of disgust. "Then, instead of the$120,000 we :figtUed as his profits he's n1ade 11earer $200,000," said Mr. Chadsey. "I'll wager he's made every cent of that." "Look here, Hedden, are you going to stand for thi s kind of plucking? Suppose the Street was to learn how we were taken in by that cub, do you imagine w e' d soon hear the last of it? Why, the boys would mak e our life a burden to us." "I know they would, and I hope to gracious not a whi p e r of the transaction gets out. As to standing .for it, I don t sec how you and I can very well help ourselves. H e's got our good money in his pocket now, and that1s all there is to it." PAGE 10 DIAMOND CUT DIAMOND 9 You don' t understand what I mean Hedden said the 8 tout broker Then please explain yourself ." I will He's got our money yes, and the big profit op. th e rise of L & S., s a y for argument s sake,$200 000 all told "Well ?" ''We must get tbat boodle away from him ." !H ow?" By enticing him into some scheme that will work to our advantage." "I'm with you, Chadsey," replied the thin broker, promptly, "if I see my way clear to do it. "It would be a good plan, I think, to take young White in with us. H e must be sore on H a mmond, too." "I know he is." "Good r Then I shall send for him. and the three of us will talk the matter up." "All right/' agreed H edden. "Wh e n will you start the bal l rolling?" "Right away, while the iron is hot." "That suits me, all right," replied Hedden, beginni ng to recover his usual good spirits at the prospect of getting back at the smiling boy broker. "I'll make an appointment with White at thiR office for :four this a:fternoon. I'll expect you to be on hanc1." "I'll be here, don't you worry," answ e red Hedden, rising and throwing the butt of hi s cigar into the cuspidor Mr. Chadsey turned to his desk, wrote a note, put it into an envelope, and calling his office boy bade hiin deliver it to Jay Wliite, at his office in the Barnum Building on Wall Street. "If I'm not mistaken," remarked the stout broker as he rose, too, and put on his hat, "we'll trim that mon key's pin feathers to the queen's taste." "It is to be hoped so." "Well, l et's go into Bradley's and have a mint julep." The two brokers left the office, arm-in-arm, and p r esently took the elevator for the street. Jay White was sitt.ing in his den, chewing the cud of jealous disappointment, and trying to hatch up some scheme to get back at his successful rival across the corri dor when Mr. Ohadsey's messenger entered the reception room and asked for him. Teddy showed him into the private office with his cus tomar? promptness. White, in some surprise, read the note requesting him to call at Mr. Chadsey's office that a fternoon at four o'clock. "What does Mr. Chadsey want to see me for?" he asked himself. He couldn't guess, and seei n g no reason why he shouldn't call on the stout broker, he scribbled an atlirmativc reply, enclosed it in an envelope and gave it to the me8senger to take back. At four o'clock he walked into Mr. Ohadsey's reception room and was immediately admitted to the priva.te office where he also found Tom Hedden. brokers shook with J1ay White in such a cordial way that the foxy boy broker oegan to suspect some design on hi s cash-box and was at once on hi s guard "You were probably s urprised to receive my note calling for this interview, began the stout broker fixing the boy with hi s ferret-like eyes. "Somewhat," replied White laconically and truthfully "To come directly tb the point,'' went on Mr. Chadsey "Mr. Hedd e n and I that you were caught on an option deal for 4 ,000 shares of L. & S. by that srnooth tongued young cub, Harry Hammond. Isn't it so?'' Jay White looked surprised and not particularl y well pleased. "I see I have touched a sore spot," laughed the stout man, "but perhaps you'll feel better when I tell you that both Hedden and myself also sold him options for 5,000 shares of the same stock, and that you have u s for pauy in the SO_!.lP tureen." "Is that a :fact?" gasped in astonishment. "It is, and a most unpleasant :fact, too," interjected Hed den, with a frown. "Diel you send for me simply to tell me that?" askecl White, warily. "Not at all," answered Mr. Chadsey, briskly. "We sent for you to ask you to unite with us in some plan to get square with your :friend across the corridor. It stn1ck Hedden and I that you'd be more than willing to help the good work along." "Oh, I'm willing enough!" replied White, slowly, "pro-vided--" ''Provided what?" asked the stout broker. c'That you assure me this is a square deal." "Don't worry about that. I guess you're smart enough t o look out for your own interests. We' re not looking for your money. We want your help." "How can I help you?" "That is to be considered. Your proximity to Ham mond's office and your persona.I acquaintance with him, gives you a certain advantage, we take it." "Perhaps it does," replied White, a bit doubtfully. "I've been counting him a chump until this lemon he handed out to me has kind of opened my eyes. He isn't quite so easy as I thought he was, though he does look softer than mush." "His looks are certainly deceptive," admitted Mr. Chad sey. "Or else he has pig luck behind him. In any case, the fact remains that he has probably collared a cool $200,000 out of the d eal in L. & S. Now, Hedden and I have decided that we must get a good part if not all, of that money away from him, if we can. To further that end we have called you in to help us and prepared to give you a third of the pickings." 'I'hiR statement rather appealed to White, and he asked for further information. "'' e haven't as yet decided on any plan of action said the stout man. "This meeting is called for the purpose of figuring out some likely scheme that will stand some show PAGE 11 10 DIAMOND OUT DIAMOND. of winning ont. To b e gin with-what clo you know about out fa.il, at No. Christopher Street, r ear t e nem e nt. Hammornl ?" I worked for your :father, as you remember, for o ver tw enty "Well, he and I went to R chool togethPr. We were year, and did the square thing by him and he by me. I chums in a way until we carnP to work in Wall Rtreet, don't want no money :from you, as I prob e rbl y won' t liv e when we drifted apart. T Pntrrrcl Rwitzrr & C'o.'s office 12 hours, but I want to see yon about my little girl t ha t as rnessengc1-, and he secured a similai job with Stanton \ mebbe you can do something fo.r, as she won't hav e a friend & Emory." afrer I am dead. Pleas don't fail, yours truely, "Well?" ejaculated Mr. Chadsey. "JoH'N DoL.AN." "We both rose to be margin .clcrkK a11rl aRsistant bookkeepers when I got an unex.pcctecl legacy ancl conclucled to go into business on my ow-ft" account. I took that office in the Bm-num Building, and the very day I moved into it I found a painter lettering the door of i.lrn opposite office with the name of Harry Hammoncl. T nearly dropped, .for I had no idea he hnd any money, or intention of going into the business also. To make the matlPr worse, he took an agency for W estem mining stocks-a specialty I had counted on having solely to rn?self in the building. That made him a direct business rival, and I chdn't like it for a cent." "I see," grinned the stout broker. "W11ere did Hammond get his money from to go into business?" "His father left him a few thousands, but he got con siderable more from his grandmother's estate." "Have you any idea how much he started out with?" "No. Ile's as close as an oyster out of water. You can't get anything out of him." "Where does he live?" "In West 128th Street. He, his mother and sister oc cupy a private house." "Well,. now let's put our heads together and see what we can hit upon that will take the wind out of this young chap's sails," said Mr. Chadsey. They drew their chairs closer to g ether and began to con sider various propositions looking toward that end. An hour later Jay White left Mr. Chadsey's office with a grin of satisfaction on his countenance, which implied that he thought he sa'Y his way clear to a reckoning with Harry Hammond, his business rival. CH.APTER YI. It was with some difficulty that Harry deciph e r e d th e writer's but the meaning was clear enough.John Dolan, as honest and hard-working a man a s ever livecl, wli.o had stood high a s a faithful emplo y e e in his father's estimation, and who had been los t s ight of s inc e the death of Mr. Hammond, Sr., was at death's d o or and wanted to see him on a matter of importance tha.t was e vicle11tly conn..ected with his only daughter, who would be left an orphan by his death. WPll, >imely poor John deserved that much cons ideration at his hands. Ile showed the letter to his motl1e;r,_ and told her h e in tended to go down after dinner and see in what way h e could be 0 service to the man. "It is clear he wants us to do something fo1 hi s claugl1-tcr," said Mrs. Hammoncl "You may tell him that we will give her a home until we d e cide upon her future." "I will do so, mother. J dare say you can. :find some way ,lo make her useful around the house if she is a good girl, as I presume she is." At eight o'clock Harry Hammond got off the s ubwa y express at Fourteenth Street and boarded a cros s -town car, :from which he alighted at Avenue. He walked down into Hudson Street, and kept to th e west side o:f that wide thoroughfare till he r e ach e d Chri st o pher Street. Half way between I:(uclson Street and the ferry he found the house he was in search of. Tt was a very common tenement, much out of repair, and with a narrow and filthy entry leading back to the ya. rd b e :vond in which another building of s imilar charact e r fiTied I up the remainder of the 100-foot lot. Dirty and hal:f-clothecl children play e d about the doorway, which adjoined a low-grade saloon. IN A TOUGH WARD. 1 There was another cheap barroom across the street That night, when Harr: v Hammond g ot home from Wall around the entrance to which Harry noticed s e ve ral y oun g Street. his sister handed him a letter which had been defellows of tough aspect. livered by the letter-carrier that afternoon. The boy's respectable appearance attract e d onl y casu a l Harry tore the envelope open and took out a not overnotice as he ca.me' do-wn the street, sce rnin g l : v bouncl for clean half sheet of note paper on which were scrawled somethe ferr!' but when he stopped to make inquiries r e latin g writing in an uneducated hand. to John Dolan, he drew upon himself comid e rable euriosi(! He ran his eye down to the signature before readi'n.g it, and the reRidents of the immediate neighborhood b eg an to and made <:mt the name of John Dolan, an old employee of take an interest in his movements. his father's. The general feeling in that vicinity was not favora b l y The note ran as follows: ,,.. inclined toward persons in the better walks of life "Deer Mt. Hammond.-! write to tell you that I am in a bad way, and. to ask you to call and see me to-night withThere was an under-current of class hatred a g ain s t the rich that made the people of that squalid district look with suspicion on any well-dressed invader. PAGE 12 DIAMOND CUT DIAMOND. 11 "This street is tougher than I had any idea it was," said Harry to himself, as he walked gingerly through the miserable hallway to the yard. "I remember now, Mickey Dooley said he lived on Christopher Street near the ferry. I wonder if it is in this block? He's a tough youth, but he fills the bill all right for me. It's a wonder he isn't mobbed by the kids hereabouts on account of his good clothes. I haven't seen a half-decent suit on one of the urchin s sin c e I struck this neighborhood. How people can exi s t in such dirt and misery is more than I can under stand." He stepped into the yard, and right before him stood Uickey Dooley and Teddy Marks, engaged in a game of craps on the broken pavement. The neat suits they wore in Wall Street were not now in evidenc e instead they were clothed in cheap, second hand trousers, with jackets to match, shirts without collars, torn shoes, and caps that might have been picked out of an ash-barrel somewhere uptown. Both boys glanced carelessly up when Hammond paused before them, and as their sharp eyes recognized him, a look of the utmost astonishment came into their faces. They sprang to their feet and stook looking at him rather sheepishly. "Well, Mickey," said Harry, pleasantly, "I didn't expect to run across you here. Do you Jive in one of these houses?" "Yes s ir. Third floor front, sir. Dere's one of me s isters lookin out of de back winders now," and Mickey pointed upward. "Dere's eight of us, sir. Me mudder, de old man, two brudders an' t'ree sisters an' meself. Whatcber doin' down here, sir? Mighty tough street for a gent like you s e to come to, 'cept yer goin' to de ferry. Yer wasn't for me, was yer ?" "Oh, no. I came down to call on a man named John Dolan, who live s in the rear building.'' "I know de c hap. Whatcher want to see him for? He's almost pa s sed in his chips wit' de consumshun. Me mudder said he's liable to croak any minute." "He sent me word that lie wanted to see me." "Ye r know him, den?" asked Mickey, in some surprise. "Oh yes; he used to work for my father." .:'Dat's it, eh? Mebbe he wants to pull yer leg for a ffver." "What floor shall I find him on?" "Top floor two rooms back. Mind yer eye as yer go up. D e stairs are de wust ever, and de lamps don't t'row out mueh light." "Thank you, Mick ey, for the hint. I'll watch out," re plied Hammond, moving off. Mick e:v, however, followed and caught him by the sleeve "Ye r don't intend to stay long, do yer, sir?" he asked, earne s tly "Wliy, Mickey?" "I t'ought I'd warn yer dat dis is a tough street. It's all right at present, but when t'ings get quiet it ain't safe for a well-dressed gent like youse to be seen 'tween here an' de Nint' A ve'noo stashun. Dere's a bad gang holds out in de saloons. If yer stayed late, an' dey was to pipe yer off, dey'd slug -yer for what yer've got on. It's gettin' on to nine now, so yer'cl better cut yer visit short Anyhow, Teddy and me'll wait for yer an' see yer up de st reet as far as de stashun." "Don't worry about me, Mickey. I can take caJ:e of my self." "Mebbe yer t'ink yer kin. It ain't one dat'll tackle yer but t'ree or four'll jump onter yer at wun11_t. Yer would n t be one, two, t'ree wit' dem." "Well, I'm much obliged to you for your warning Mickey. Probably I shan't stay long upstairs "Dat's right. I wouldn't if I was youse." Mickey returned to his game of craps and Harry Ham mond entered the miserable building, the top floor of which poor John Dolan claimed as home CHAPTER VII. HELD UP BY THE NIGHT OWLS. Han-y Hammond stayed longer in the poorly furnished rooms of John Dolan than he had any idea of. Time :flies under certain conditions, and this was an in stance in question Dolan, who was dying fast, had much to tell the boy, and he could only Rpeak slowly, with frequent intermissions when his attenuated ffame was racked with the terrible cough which had wasted his once powerful frame down to a mere shadow. His daughter Maggie, a pretty girl of twelve years, sat a nd cried a.t the foot of the bed. A woman from the next apartment, who had been doing something in the rooms, retired after Harry entered When half-past ten came Mickey Dooley grew impatient and hovered around the entrance to the rear tenement with Teddy Marks. At eleven o'clock he walked up to the top floor and lis tened at the door of the Dolan rooms. He heard Hammond's voice and retired to the again At half past eleven he went upstairs again, intending t o call attention to the hour, but his nerve gave out, and he came down without knocking. "Dat's a visit," he remarked to Teddy. "Dis here ain't no hour for a Wall Street gent to be round dese diggin's. Me an' youse'll have to wait up till he comes down. W c've got to pertect him till he gets to de sta shun." It was just midnight when Harry Hammond came downstairs, and was surprised to find the boys waiting for him. "Why aren't you in bed, Mickey?" he asked. "'Cause we've got to see yer to de stashun "Why, ,do you think I need a bodyguard?" laugh e d Hammond. PAGE 13 DIAMOND CUT DIAMOND. "Su)."e t'ing. De Night Owls are roostin' all erlong d e street." "Night Owls!" exclaimed Hamll}ond. Dat's right. One of de tough est gangs rn d e city. Dey'd sooner fight dan eat." "And you think y ou could protect me from such a crowd, do you?" smiled the boy broker. "Dunno," repli e d Mickey. "Me and Teddy knows some of dem, and if we stand out fer Y,er dey might l et yer erlone. If dey tries to do yer, anyhow, yer kin count on us to do de best we kin for youse." Hammond and the two small boys walked to the door of the entry opening on to the street. A.s they stood looking warily up and down the s ilent thoroughfare, they heard the quick, solid tread of a solitary pedcsh;ian echoing upon the s idewalk from the direction of the ferry. A.s he P!)SSed under a gas lamp they saw that he was a tall and well-built gentleman, whose garments indicated aflluent circumstances. H e looked neither to the right nor to the left, but just straight ahead, like a man who, attending to his own busi ness, does not loe>k for interference from others. Suddenly from a dark entry of a neai:l;iy house two shad ows emerged the moment the prosperous-looking man had passed. The shrill hoe>t e>f 11.Il owl disturLed the midnight s ilence of the street. From an adjacent saloon came two rough-looking chaps, who joined the others The four fell in behind the str ang er, while a fifth was 1:1ecn s linking across the cobblestones at an angle that would brin g him a.head of the pedestrian .:Hickey nudged Hammond's arm "Dem ar e Owls," he said. Dat gent fre>m de ferry'll be do1rn and out in less'n two minutes." "Then we must warn and try t o saye him!" exclaimed Hammond, starting for ward. "Do yer want'r get don e up ?" cried Mickey, reaching out his hand to detain him. Harry, however, shook him oft' and ran toward the gen tleman. As he did so, one of tlte roughs in the man's wake" sud denly pulled out a san d-bag and raised it in the air to strike his unconscious victim on the head . "Look ont behind!" shou ted Hammond warning ly, as he clashed at the group. The gentleman turned, sa.w the descending bag and jumpe d aside. The tough, almost overbalanced by .the downward swing of the ''eighty sand-club. staggere d a fpot or two ahead. Then somet hin g unexpected happen!ld. / Hammond darted ,up and bis arm shot out with lightning quickness. Spat! Down went the rough from a sledge-hammer blow under the ear an? he ro!led into the gutter. For a moment the Owls stood aghast at the discomfiture of one of their number. But only for a moment. Encouraged by numbers; they sprang at Hammond a.nd upon the gentleman in whose defence he had interfcreu. Bi:ff Swat! Smash! The boy broker was using his fists with professional swift ness, while he ducked the blows aimed at his head. The gentleman also put up a strong r esistance for a man of his years The hoot of the owl rang out again, shriller than before, and dark forms began to come forth from alleys, doorways and the aJJ-night barrooms. Not all of these were Owls, but they were more or less in sympathy with the ruffians that terrorized that quarter of the town. The fight was growing hottel' and more desperate for the two defenders, now bein g sorely pressed by the rein forcements hurrying to the scene. Hammond received a staggering blow on the head, and a black-jack was raised by anotl1er tough to finish him when -whack! came a stone behind the ruffian's ear, and he dropped bleeding anc1 sense less to the sidewa lk. Mickey and Teddy, hovering unnoticed on the fringe of the fight, had fired two heavy stones into the ranks or the enemy, and Mickey's aim at the rough with the black jack had saved his young empl o yer from a knockout. Bi:ff Swat Hammond's fist beat a tattoo on two evil and lique>r infiamed faces in front of him. "Kill the elude!" roared a third. With a fierce imprecation, one of the Owls drew a re volver and aimed it pe>int-blank at Hammond. The boy saw the g lin t of the barrel and dodged as the fellow pulled the trigger. A. sharp cry came from the lips of an Owl behind him as the report shattered the night air. The fellow had been in the act of bringing a wicked looking club down upon the young broker's head when the bullet pierced his lung and he fell, clutching wildly at the air. While that death-cry was still ringing in his ears, Ham mond jumped forward and wrenched the revolver from the tough's hand. Two Owls sprang to their associate's aid. Swat! A. brick thrown by Mickey took one alongside the ear and he dropped stunned to the walk, while the boy broker brushed the other from his path with butt of the re volver. Hammond then backed up alongside the bleeding gen- tleman, whose b ack was against the wall of a house, and held the rest of the gang at bay with the gun. By this time the whole block was aroused by the noise of the scrimmage, 1and more than half of the window s were filled with male and female heads. The a revolver was no unu s ual ci rcumstance in PAGE 14 DIAMOND UUT DU.illOXD. l .. that vicinity, and some k ind uf troub l e alm PAGE 15 14 DIAMOND CUT DIAMOND. Mr. Borum looked interested when he heard the boy's answer. "I am pleased to hear that you are connected with Wall Street, young man,'' said the banker. "Here is my card. I hope you will drop in and see me soon. I shall be de lighted to know you better." "Thank you, sir," replied Harry, putting the card in his }Jocket. "It willafford me great plea s ure to give you an early Two more policeman now came up, and one of them was dire cted to telephone the station for a patro l wagon. Mr Borum and Hammond accompanied this officer as far as Greenwich Street. Insteaf of taking a Ninth A.venue elevated train nptown Harry volunteered to walk with the bwker up to Four teenth Street, wher e they boarded a car that carried them across town to the s ubway station. Here they parted, the banker taking a train for Bl'ooklyn Bridge while Hammond got on an uptown Lenox A.venue train. Harry would hav e withheld all knowledge of the st reet row from his mother and sister but for the fact that the affair was printed in the morning paper, ancl he knew they would see it with hi s name and address as a conspic uous figure in the scrimmage. However, he made the affair as light a1' he could, so as not to alarm them concerning the peril he had so luckily passed through with such littl e injury. When he reach ed his office, Mickey told him that John Dolan had died about :four o'clock, so he telephoned a well known undertaker to assume charge of the remains, and remove the body to his mortuary chapel, pending interment. The undertaker was directed to send Maggie Dolan to the Hammond home on 1 28t h Street as soon as her father's remains had been removed from the Chri st opher Street tenemenh The majority of the Wall Street financiers read and talked about the attack on Alfred Borum, the well-known banker, by the Night Owl gang. Harry H ammond. was boosted into some temporary prom inence by the spirited and effective fight he put on the bwker's behalf. Jay. White r ead the account of the affair, and for reasons of his own came into Hammond 's office to congratula te the boy broker upon his pluck. Two day s late r, while Hammond was out of the office, the telephone bell rang. Mickey answered the call with the u s ual "Hello!" "Ts that you, Sharpton?" asked a voice. Before the office boy could say "No," the voice went on: "I\e a sure tip for you, Sharpton. Watch Missouri Cen tral. I have inside information that it's in lin e for a five or t en -point rise. I'd advise you to get 10,000 shares right away befor e heavy buying sends the price up, as it i s cer tain to do in a few days. You can rely on this as. the real goods. Chadsey and Hedi.cm. are to do the buying for the syndicate. Good-by!" The speaker rang off and Mickey hung up the receiver, tickled at the idea of having got on to a pointer that would put his employer in the way of making a good haul out o.f the market. A.s soon as Hammond came back, Mickey handed out the news with a satisfied grin. "Are you sure those were the exact words of the mess age?" said Hammond, with considerable interest. "Yes, sir," replied Mickey, promptly. "I put it down on dis paper. Youse kin read it for yerself," wd the boy handecl his boss a sheet from a memorandum pad on which he ha cl scribbled the message as it came off the wire." "\.Yho did he call up?" "When I said 'Hello I' he saicl, 'Is dis you, Sharpton?' Before I could open me mout' to say nixy, he began talkiu' away de whole of dat stuff on dat paper." "The wires must have got crossed somehow, or the girl at Central connectetl him with this office by mistake. Well, I'm much obliged to you, Mickey. I'll look into the mat ter, and if I fincl it's the real thing I'll make it all right with you." "T'anks. Youse is welcome." That afternoon Jay White came in and inquired i he knew of anybody who had some Missouri Centr a l share s Harry picked up his ears. "No, I don't know anybody who has the stock," he re plied, "but I dare say you can find a dozen brokers who have the shaxes. Did you hear that it was going up?" "Perhaps it is, and perhaps it isn't," answered White, with a sly look. "I'm not telling all I know." His manner, however, indicated that he th ough t favor aLly of the stock. Next morning l'llr. Chadsey stopped Harry on the sireet and told him if he ran across any Missouri Central to buy it at the market price and send it C. 0. D. to his office. Not long after that Mr. Hedden tapped him on the shoulder, shook hands pleasantly and gave him a similar commission. "There must be something stirring in Missouri Central," said the bright boy broker to himself. "According to that telephone message, Chadsey and Hedden were annou n ced as the brokers who were going to do the buying, and the y appear io be doing it all right. I think I'd better get in on this on -the grdund floor.'' 'rhe ticker showed several sales of Missouri Central at 175, w11ich was about the figure it had been ruling at for some time back. Harry watched the indicator closely for the rest of the day ancl noticed a considerable number of sa le s of the stock on the Board. He clid not guess, though, that these were what are call e d "wash sales," and had been engineered by Chadsey, Hedden and Jay White to further their scheme. The number of sales, however, had the effect of attract ing some notice to the stock, and the price went up to 175 !-l-8. Next morning Hammond made some inquiries arow1d PAGE 16 DIAMOND CUT DIAMON D. about Missouri Central but cou l d find nobody w ho had heard any reason for unusual activit-y in the sha.res There did not appear to be an over abundance of the R lock on the market, as far as .he could ascertain. Finally Hammond bought a couple oI thousan d shares at 176 and sent them to 1\h. Chadsey, who promptl y ac reptecl ancl paid :for them He bought another thousand and. se n t t hem to Mr. H ecl clcn, who took t h em. "T guess it will be safe enough for me to buy a :few thousand shares for myself," he thought, as he sat in bis office that afternoon. .Tm:t then Micke.Y anno1mcr<1 a visitor ancl was to l d to show him in. His name was Rogers, and Hammo11cl h a cl never seen him before "Y the young broker w h o he l ped Ba11ker Bor um o u t the other night when he was attacked by the Nigh t O w l gang,'' arcn'L you?" said the caller-, with an appa rent show of interest Hammond admitted tliat he was the pe r son '"l'hen you the man to do business for me. I have 5,000 shares of Missouri Central thaL I want to se ll at 1 76 I am in tl hurry to get ont of town on important business. Tf y9u could l et me have say 20 or 25 pe1" cent cash d own I'll give you an order on the Washington Tru;t Com p any for the stock, to be delivered to youi order when acc om panied by the ba l ance of the purchase price Harry considered the matter for a moment or two. It was a pretty big deal for him to go into. If anything went wrong with it his 20 per cent pay ment, which would amount to$176,000 would be in great jeopardy. He might lose every cent of i L. He excused himself a moment and went out into the re ception room to l ook at the ticker. He found that Missouri Centra l had gone up to 176 1-2. By taking up the offer o:f Mr. Rogers he would be prac tically $2,500 ahead of the game at the very start. He returned to the private room and told his vis i tor h e would take him u p "All right," rep l ied lVIr. Rogers, brisk l y I'll write ou t the orde r. He did so, and Hammond took him a r ound t o the sa f e deposit company where he kept his cash, for, bei n g unde r age, he cou l d not carry an account at the banks, and h ande d him the money 1\I r R ogers departed, with a l ook of great satis f a ction on his features. CHAPTER IX. 'l'lrn BOOMER.ANG Next morning, to Harry's consternation, Missouri Cen tral dropped back to 174 'J1hat meant an immediate loss to him of$10,000. At e leven o 'cl oc k i t .was d o w n to 1 72, enta. i l i n g a furthe r lor;s of $10,0 00 By noo n i t h ad sunk to 1 70, putt m g him a lto ge th e r$30,000 to the b ad "I can't u nde r stan d thi s s u d d e n and unexpect e d s lnmp in Missouri Centra l," h e said t o h i mself. What c an it meA11? H as a sc r e w worked loose s o s oon in that syndi cate>''' W hil e h e was try in g to :figure t h e m a t te r out Mic key knocked on t h e door a n d a n nou n ced a Jad y ca ll e r. "Rhow her in," said H arry. He was great l y smpr i sed to see a y oun g lad y n a m e d Ma r y Tay l o r w hom he k nrw well, wal k into hi s pri vate room. She was the d aug hter of a poo r woma n wh o h a d at on e timQ. worke d fo1 his m ot h e r a ncl Harry had got h e r a po s i tion aR stenographer w ith Crossc np & C o s to c k brok e r s fo r whic h li t tl e act of .kindness bot h s h e and h e r mother wer e very g r ate ful to H arry "Why, Mi ss T ay l o r t hi s i s an u n expec ted pleasure,'' ex c l a i med H ammon d jumping up and ex t ending his hand t o h e r. "Take a seat." "I c a nt' stay bu t a minute," s h e r e plied, with a note of excitement i n h e r v oice, as she sa t cl.own. "I've got some t hing t o tell you-so m ething I'm su r e y ou ou ght to know "Well if you're sure I ought to know it, I am naturally eage r to l earn w h a t it i s." "Do you know a gentle man-a brok er-by th e nam e of Chadsey ? "Why, yes ; but not v ery well. " H e seems to b e an en e m y o f you r s .. "An enemy of m ine l What put t h a t into your hea(I ?" said" Hammond, in s o me surprise. B eca use h e i s w or king agai nst y ou Mr. Hammonc1_," she -said earnest l y H o w can y ou know that?" ' I w ill t ell y ou. I overheard Mr. who i s a partic ul a r friend of Mr. Crosscup talking to .him this morning a bout a s cheme he and two other gentlem e n named H e dd e n and White, hav e unde r way to do you up as he call e d it." "Do m e up, eh?" said Hammond, with great interest. "Yes. They mean to squeeze you on Missouri Central." "Missouri Central!" cried Hammond, looking hard at the g irl. '.:That's what they called it. Mr. Chadsey says he put y ou on to a bogus tip over the 'phone a few days ago, and t h a t y ou 've fallen into their trap." "He s aid that, did he?" "He did. He told Jl,fr. Crosscup h e had formed a syndi ca t e t o bea. r Mi ss ouri Central but previou s to beginning ope rati o n s h e had, b y m ea n s of w as h sales between him s elf a n d bro k ers Hedde n and White, forc ed up the shares on t h e marke t n early two points to ca r ry out the illusion of t h e tip h e put in y our way T ,hen h e sent a m to you w i t h 5, 000 s h a re s for sa l e a t 1.76, the mark e t p sto ck. You bought the shares, h e sa id, and paid

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lv lJLUW. D lT' T DL.\i\IO_ D ou accoun t You c Jnn 0 t get the share s unti l you pay the balance of the purchase price $704,000 I think he s aid The syndicate has got control of about all the shares on the open market and he, backed up by brokers Hedden anc1 White are going to sell the stock short until the price goes doi\-:n to a point that will wipe out your 20 per cent. interest in the shares held by the Washington Trust Company." This was startling news fo.r Harry, who had the greater part of his capital invested in Central on the strength of the fake tip. That evidently was the secret of the decline of the stock all morning. Chadsey, Hedden and Jay White were selling the stock short for th, e syndicate, which was their original pro gramme, and they had only delayed operations until they had caught him in the toils. Hammond thought he detected the reason for this pul up job--Chac1sey, Hedden and White were trying to get back at him for the neat way he had scooped them on the L. & S. options. Well, they had played their cards well, he could not help arlmitting, and they had him in a pretty tight box. 'l'he only way out was to sacrifice his interest in the 5,000 shares, and every moment he delayed doing it repre sented further loss to him. "I am very much obliged to you, Miss Taylor, for run Hing over here to tell me this. It may save me a good deal of money. I've been tricked,' and will have to use some ingenuity to save myself from a considerable loss IL is something, however, to be forewarned as to the intentiollil cf the enemy. I haYe no doubt it would giYe them a \\'hole lot of s atisfaction to clean me out entirely if they could only manage to do it." "I am so sorry that you are in danger of losing IDDney, Mr. Hammond. If I could have got away from the office sooner I should have come before, but this is the only chance I have had-my lunch hour." "IY ell, :Miss Taylor, it was very good of you to interest yourself in my affairs, and I assure you I shall not forget it." "I am happy to be al* to make some slight return for your kindness in getting me the position I hold, which is a good one,'' she replied, earnestly, as she rose to go. "Don't mention it,'' he ans"ered. "It was a pleasure for me to do it for you." He accompanied her to the door and then rushed for a look at the ticker. Missouri Central had gone to 167-representing a to him of$45,000. "I must try and get out from under the best way I can,'' he breathed, returning to his den for his hat. His intention was to go among the brokers and try and get rid of his holding in Missouri Central at the best figure he coul ly had three-quarters of a million to call on I e myself and give the conspirators the laugh. All I'd need to do would be to make good the balance of the price of the shares at the trust company and then lay back on my oars and wait till the stock reacted which H is bound to do as soon as they quit pounding i t. But I haven't the money and so I suppose 1'11 haw to pay the piper." At that moment Mickey announced another visitor Banker Alfred Borum "Ah, going out, 1\fr. Hammond!" exclaimed hi s c a ll e r as they shook hands "Well, I can call another time, or, what would do just as well, you could call and see m e a you promised to do, but have n9t done a s yet." "Well, I am in rather a bit of hurry. The fact of t he matter iR, I'm in a hole. Perhaps ii I was to tell you just how I am situated you might see your way to offering me some substantial advice." "I shall be most happy to advise you if I can. i:t would gi,c me great pltasure to assist you out of your hobble, whatever it is." "Thank, you, sir. To be plain with you, I'm the victim of the squeeze game." "Tn what way, Hammond?" "Take a seat, Mr. Borum, and I will makr it c l ea r t o you." Harry at once put. the banker in pos s ession o r all t h e -facts of the case, including the disclosure just made to him by MiRs Mary Taylor. "This is a bad bnsiness, Hammond. They've got y ou into a trap for fair." "That's what they have, and I hardly see yet how I m goiBg to escape without a big sacrifice." "How low has .Missouri Central gone to-day?" a s ked the banker. Harry stepped out and took another glance at the tick e r.' "It is now 16e," he answered when he got back "a lo s s of ten points since the Exchange opened." "Ancl that means--" "That I am $50,000 out at this moment wit h e Y e rv chance that I'll be another$50,000 to the bad b e fore I can sell out." "Why sell at all? Why not hold until the shares r e cover? The nominal value of Missouri Central is any where from 175 to 180, and it i s only a que s tion of a fe w clays before it. will get back to those figure s." "I haven't the money to hold on." "How much would you need to save yourself? "I ought to have $700,000 to get full con t ro l o f t h e stock I have bought." "It's a rascally trick to fleece you in this underhand ed way, but many brokers think an: k ind of sharp practi c e i s as fair in Wall Street as in love and war. It i s a common saying that if you don't s hear your ne i g hbor h e' ll s h ear you" "It makes me angry to think I was su c h a simple t on as to walk into the snare these chaps s pread for me. They will have a fine laugh on me." "They will unless you checkmate them PAGE 18 CUT DIAMOND l 7 'That is impossible wit hout plenty o f money "What is the exact sum you need to take the shares out of the trust company?." "Seven hundred and four thousand dollars." "Very well, Hammond I will give you my check for that amount now," sai d the banker "Ur. Borum!" exclaimed Harry, in astoni s hment "You cannot mean that, surely?" "I do. You can turn the stock over to me as s ecurity for the loan," "Mr. Borum, how can I thank you?'' 11B y not saying anything more about it. You saved my life the other night, and it gives me great sat isfac t ion to be able to help you out of your scrape." Hammond held out his hand to the bankrr an PAGE 19 18 DIAMOND OUT DIAMOND ';o produc e a h a rni::;i o f b a nki;u ptcy to a n y o n e who i s long on it at present. . l ot if h e ha s th e d oug h t o hold on ." "Do yon m ean t o say you've got the dou g h to hold on to 5,000 s ha res th a t c o s t you 1 7 6 a ncl have gcin e d o wn 15 point s sinc e moming ?" "How do y ou know I have 5,000 shares, and that I paid 176 for them?" retorted Hammond s harpl y "Why, you s aid so, didn't you?" r e plied W11ite in some confu s ion, as h e r e alized he h a d made a s lip of the tongue. "I'm not in the habit of exposing my business,ir an swerep_ Harry. never told yon such a thing ." "I must h a v e got you mixed up with some othe1 man, ihcn;wlio I k now is lon g on M. 0. to that e xt ent." Hammond knew White was lying, but h e let it go at that. It was s a L i sfa ciion enough for him to s e e that his busines s rival had b etray ed himself Next morning Missouri Central opened at 156-a drop of 20 point s in 24 hours. The bear 01rnrators apparently had everything their way. But suddenly they struck a snag. Mr: Schlumm, of Schlumm & Engl e a well-Im.own broker, started in to stem the downward tide. He wanted Missouri Central share s They were :flung at him at once. That di PAGE 20 DIAMOND CUT DIAMOND. 1 9 Missouri Central, and noithing else seemed to be talked about in Wall Street. Everybody wondered w1*> was at the back of Schlumm & Engle. It must be a syndicate of important brokers to be :financed so heavily by tln.e Borum which was re garded as a very conservative house, as well as a solid one, for Alfred Borum himself was classed among the multi millionaires of New York. Next day the truth was out, wl1cn the sho rts were notified to call on Harry Hammond and settle. Wall Street was 11.mazed. What, that boy broker the master of the sit uation A youth of eighteen, who did business in an insignificant sized office in the Baxnmn Building, was he !he person who was dictating terms to hall a dozen of the smartest brokers on the Street? It seemed incredible. Yet it was the fact not to be disputed. Harry Hammond had cornered the Yisible s upply of Missouri Central stock. The Independent Tru!it Co., which held the majority of the road's stock, could have turne(\ the tide against Ham mond by throwing its shares on the market, but of course it wouldn't do such a foolish thing. It was to the interest of the trust company to keep the price up, not send it down. Missouri Central was now booming to beat the band. The Exchange was in a fever of excitement over it. Nearly every broker wanted to buy some shares, but they were not for sale; that is, not until Hammond had dictated terms of settlement with his debtors. The reader will have to imagine the rage and dismay of Nicholas Chadsey, Tom Hedden and Jay White, when they learned who held their fate in his hand. Chadsey swore that Hammond must be the fig rehead of some syndicate, for he knew it had taken someth ing like eight millions in cash to swing the deal. It was preposterous to think that that eighteen-year-old boy had been himself able to control so much money. His opinion, however, did not alter the fact that he and hi:; associates had to present themselves before Harry Hammond in his little office and eat humble pie. That's what broke the hearl s o.J: Chadsey, Hedden and White. CHAPTER XL. EATING HUMBLE PIE. Jay White was the first to call on Harry hammond, with a vie w to a settlement. He was not as heavily involved as the others, but still h e was just as much at the mercy of his business rival. Harry Hammond was in a position to force a settlement a t a figure that would drive White out of the Street, and the boy knew it. It was gall and wormwood to him to have to humble himself, but he had to do it. Harry, however, was generous and let him off easy, but, nevertheless, it made a big hole in his resources. He retired to his own office quite downcast, but very glad to have escaped the extreme penalty. Mr. Chadsey and :M:r. Hedden came into Hammonus office together. Chadsey was especially nervous and excited. "My heavens, Hammond!" he exclaimed. ';We arc l:Lterly ruined unless you let up on us." "That's the truth," nodded Hedden. ":Mr. Chadsey and my elf are G,000 shares short on Missouri Central. At 200, or ten points above the market price at prescut, ire can just manage to squeeze through. If you won't seUlc at that :figure, we have only our seats in the Exchange to all back, on. It's up to you whether you treat us whit e or drive us out of the Street." "Is it as bad as that with you?" "Yes, it is," replied Mr. Hedden in a tone of voice ihai left 110 doubt but he spoke the truth." "Well, I'm sorry to hear it, gentlemen; but wh> is to blame iI not yourselves?" "It's the fortune of war." "'fhat's all right, but let me ask you a question." "Ask as many as yon wish. You are the doc lor. You hold the whip hand over us. It's tough to have to take ow hats off to a mere boy, but," 1.Ir. Hedden s hrugged his t!houlclers, "you have got us where the hair is short, and we can't kick." "What did you intend to do with me if the boot was on the other leg?" "What do you mean by that, HmnmonCl ?" "Look h e re, gentlemen, you know you ha\'e been caught in your own trap." "In our own trap l Explain you:rseH." "I intend to. You and Mr. with l11e connivance o f my old chum, Jay White put up a mighty mean job against me." "What's that?" "You workell a fake tip on Missouri Central over tlte "phone to me. I admiL I took the bait to the extent o.J: per mitting you to saddle 5,000 s hares o.f the stock on inc at 176. I really believed the stock was going up, as you meant it should. Next morning I woke up to the fact that it was hound in the olher direction. I could not unllcrstand the matt er at :first. I did not then s uspect that I was the victim of a pretty small piece o.f busi ness for reputable broker A to engage in; but a light came to me after I 'was$50,000 to the ba
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D IAMOND CUT DIAMOND "Mr. Chadsey," said the thin broker, I think Hamm ond is tre ating us uncommonly white. What do you think?" "By ginger! l agree with you. Hammond your hand. We did you dirt and you take your r evenge by acting gen erously. F rom this moment I am your friend." "And you can count me in, too," said Mr Hedden. The boy broker had won something of more impo r tance even th'.111 money. CH.APTER XII. A SOU THERN RAILWAY CERTIFICATE Central, he was s itting in his offic e :figuring upon the advisability of buying a few thou s and shares of a stock that gave sign s of unwonted activit y when Mickey announced a caller "What did you say his name was iliickey ?" "Mr. James McNabb." "I don't know him. Did y o u a s k him what he wanted to see me about?" "Yes, sir He wouldn't tell m e ." "Well, show him in." Whereupon Micke)I. ushered Mr McNabb into the private office, "You are Mr. Hammond I b e lieYe?'' sai d McNabb, with a of his pocket handk e rchief. Hammond settl e d with the oth e r members of the syndi He was pock marked and samly -featureJ, !taJ Icrret likc cate on the same terms he offered to Chadsey and He d den. eyes am1 looked uncommonly sharp. Altog-ethe1, ll1e pool J 5,000 sl1es sl1o rt, and the t "' "Yes, sir, tha is m y narne rrplied the boy broker, who boy's profit on thos e shares amounted to $650,000. did not fancy hi 8 visitor nnwh. '"rake a s eat and l et me Ev e r ybody want e J Missomi Central beeause it was going know bow I can be of service to you. up, and because ii was a s scarce as hen's teeth. "Thanks," r eplied. Mr McNabb, takin g pos session of tltc H e g raduall y lrL out the 40,000 shares he had b o ught chair along s id e o.f Hammond' s desk. "Ra ther a war m day, from the s yndicate at prices varying from 155 to 165 at don't you think ? an average of 205 clearing about$1,800,000, which, o f "Yes, it';; quite warm for a spring-dav." course, went to M r. B oruin. J F 11 h B y the way, 1\fr. Hammond," sait1 his vis i t o r, in a f a-ma y e sold the 5, 000 shares that Mr. Chads e y had b mili ar a nd confidential manner "you have acqui r e d a r e uncoed him into taking at 176. Aft d d markab l e reputatio n for a young man. y OU must ha Ve er e ucting near l y $15,000 he paid to Schlu.mm & m ade several mil lion out of that corne r i n I\Iiss o u ri Cen Engl e fo r commissions, and a large sum as a recompe nse to t r ai Banker Borum for financing the deal, Harry H amm ond found that his t o tal p r ofits amo un ted to a littl e over "Excuse me, Mr. McNabb, but I am very busy. W ill y ou$ 1 5 0 ,00 0 p l ease inform me what your business is with me?" Of course all Wall Street was astonished at the re -H amm o nd, shortl y ma r kable success of Harry Hamm ond the boy bro ker of the "I was coming to it," an swere d the sandy-comp lexioned Barnum Building. man, briskly, 'l ; ith another wave of his handkerchief. The His feat of driving a bear s yndi cate to cover, and the n matter is this: I am promoting a syndicate to buy a \vell effecting a corner in Missouri Centra l was a three d a ys' known stock for the purpose of effecting a corn er in the won der, and dozen s of brokers found some excuse to v i si t shares and making several million out oi the cred ulou s the clever boy at his office, and congratulate him on the public. H e re i s a li s t of the gentlemen who have agreed fo s howing he had made 8 0 early in his Wall Stre et career. put in half a million each. How would you like lo go in Everybody agreed that he was a comer, maybe the future ith us? I can assure you that you wili easily d o ub l e your King o f Wall Street inve s tment." The mone.y he had made out o.f the deal had been magni ''I don't c ar e to go into a blind puol. I prefer to con.lied into millions by the general run of the denize n s of the trol my own money, s ir." Street as well a s by the press. "But this is bound to be au Al, copper-fa s tened Cinch,'' In fact, one paper, in its S u nday edition, devoted a replied Mr. McNabb. whole page to Harry Hammond under the general h ead of "It may prove to be all you claim for it, but, "The Boy Who Cornered a Stock," and the artic l e rep reless, I don't car e to g o into it," answered the boy broker, s ented him as having made two milli o n by the oper ati on. firm ly. : At any rate, Hammond was looked u pon as a perso n ag e "You 'l'e foolish, young man," persi s ted Mr. McNabb. o f conside rable importance in the financial jungle, and his "Th.is is the bes t thing you eye1' !'>truck in your life." bus iness increased to such an extent that he had to hire a "What is the name of the :;tock you propose to boom?" bookkeeper and a s tenographer. "'Oh, come now, Mr. Hammond, you c ouldn't expect me Under these ciTc um s tances he found his quarters rather to tell you that you promised tu go into this pool c ramped but ther e was no desirable suite vacant in the said his Yisitor, 'Yith a 1.-nowing g riu building, and a s he didn t care to move to another loca"All r i ght, r e pli c J th e b o y "Yo u will l1ave to exctise l ion he conc l uded to worry along with his pre s ent oflfaes. me taking an inLe test in this l'o11ibine '' About ten days after the end o f t h e corner in Missour i "Then .)'OU won't go iil with u s i'''

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DIAMOND CUT .DIAMOND. "No, sir; I don't care to tie up any of m y money in the w ay you propose Mr. McNabb looked disappoint ed. "Well, if you won't go in: you won t I supp o se," h e said. That's right." "You'll be sorry when you find out what you 've m isse d said Mr. McNabb, a s he rose to go. "It is possib l e but not probabl e," r e pl ied Hammond "The n I wish you good da y, s aid his vi s i tor G o od day, Mr. McNabb Then the sy ndicate promot e r l e ft. Next day a middl e age d woman cla d in deep b l ack, wa s shown into Hammond's d e n When she lifte d h e r v eil H arry sa w that ;;h e must ban' been a great beaut y when s h e was y oun ge r fo r she was still a v ery fine looking woman. "You are Mr. Hammond?" s h e interrog a iively. "Yes, ma'am. How c an 1 se rv e yoll ?" I h ave a cer tificat e for a hundred s htary. n e took t h e cer t i ficate and con sulte d hi s r e cord b ook "Whe r e rlicl yo u ge t this certifi cate, Mr. Hammond?" aske d th e ge n t l e m a n wh e n h e r eturned to his desk. Harry exp l a in e d that it hacl been b r ou ght to his office b y a larl y w ho said h e r deccm;ed lrn Rband had l eft it to her. "Have you the l ady' s address? "No. But that is unnecessary She i s waiting in m y office fo r me to r eturn w ith $5,000, which I promi s ed to l oan her on t h e certificate." "Good!" r eplie d the gentle m a n. "I will go back with yo u and w e will h ave a d e tective from the Wall S t r ee t B u r eau meet u s a t the door," s aid the se cr e tary, taking up his1 desk t e l e phone. PAGE 24 DIAMOND CUT DIAMOND. 23 "Why," exclaimed Hamn1ond, in some excitement, "is this certificate a forged one?" "Oh, no; but it was sto l en, together with othe r s ecurities, from the re s idence of Oliver Hobb s the financier, at Cliff Haven, two months ago." "Good gracious Then t hfa woman--" "May be innocent of any complicity in the theft, or she may be an accomplice of the robber or robbers. That is what we must find out. I she be the l atter we may be abl e to get a line on the thief thr ough her." Hammond ru1d th e secretary of the Southern Railway Co. found a detect iv e waiting for them at the main entrance to the Barnum Building. The three went directly to Hammond's offices. The lady, however, was no l onger in the office, and Harry noticed that Mickey wnR al s o mis sing "Good. Let me hear what you've done." "I followed her out of the office and seen her meet dat sand y headed cha.p dat I showed into yer office yesterday mornin'." "You don't mean that M r McNabb?" exclaimed Ham mond, in some surprise. "Dat's de chap." "Where did she meet him?" "On de comer of Nassau Street.'' "Well?" "Dey walked up to Broadway, an' took a ca r down to de Battery." "Diel you :follow?" "Be t yer boots 1 clicl," "Go on." "De y got off the car an' went into d e Bowlin' Green CHA P'J'ER XUI. Builclin'," contim 1 e d Mickey. "Dat woman took de e l evator upstairs, l eavin' de man in the corridor waitin' for lier to come back. He's dere now. I couldn't follow her up in de cage, for s he'd know me face, s o I t'ought Pel telephone yer for furder ord e r s ." HAMMOND BUYS MOHE DF.AD SUARES. "The l ady bas gone,'' said Hammond, when tli c y walked inte the private office. "That's unfortun ate," replied the secretary, with a look of disappointment. "Her di sapp earanc e doesn't speak well in her favor, remarked the boy br(}ker. "It certainly does not It i s very annoying that we should ha .ve lost her. I expected she would furnish us with informatio n that would l ead to the detection and arrest of the person who looted the Hobbs's home." there is some chanc e of getting track of her again." "In what way?" "I told my boy when I left the office to keep his eye on her, and to follow her if she left the office before I got back." "Excellent!" cri ed the secretar y "Did he do it?" "He is not in his cust omary seat so I judge that he did. I will speak to my stenographer." The young lady, on being inte rrogated, said that the visi tor had left in a hurry about ten minutes after Ham mond's depa rture, and that Micke y took his h at and went out directly afterward. "We'll wait until y our boy' r eturns," sa id the !'lecrefary. "In the meantime you can g iv e us an. outline of the inter Yie-w you had with th e lady, and de. scr ibe her personal ap pea r a nce to the detective." Hammonn did so. He had hardly finished before his telephone rang. "Hello!" said Han-y. "Is clat you, Mr. Hammond," came back Mickey's voice. "Y rR, Mick ey. How about that lady? Been following hr hav en't yon?" "Yes, sir. Got her spotted all right .. "You did right, Mickey. Hold the wire." 1 Hammoncl turned to the secr etary and the detective ancl tolfl. them what his boy h a d sa id over the wire. "We 'l l take a cab for the Bowling Green Building at once," said the detective: "Te ll your boy to s hadow them if they leave before we get there, and to 'phone you where they go.'' Twenty minutes l ater Mickey bounced into the office with a broad grin on his face "Dey're both pinched, Mr,. Hammond," he said, gleefully. "Is that a fact?" replie d Hammond, with a look of intere s t : "Dat's right D e woman made a big scene when de de tective nailed her, an' yer ought to have seen d e crowd. De Sandy -l ookin' chap started to run, but de cop pulled his gun .on him an' he stop ped. D e gent dat was wit / de officer found a lot of stuff in de woman's bag dat he 's'aid had been pinched from some place out'r town. Dey called a carriage an' took de bot' of dem to de Tombs." The photograph of the san dy-featured man was found in the Rogue's Gallery, and he was identified at Head -quarteTS as an old offender. The of the ::tffair was they both went up the riv e r after their trial and conviction. Mr Oliver Hobbs sent Harry Hammond an elegant dia mond ring for haviug been the cause of the capture of the crooks and the recovery of his property It was about this time that Hammond received another letter from his friend Jack Adams, of Goldfield The communicatio n stated that H e rcules Leasing Srndicate had a ll but 90,000 shares of the Big E0xtensicm mine, and all 60,000 sha res of the Atalanta mine. "If you have taken my tip and bought any of the sharei of e ither or both of these mines, hold on to them,'' the lett e r read. "I adv ise you to scour New York for every PAGE 25 24 DIAMOND CUT DIAMOND share you can find, even if you have to pay three cents :for them. We' ll take ariy superfluous shares off your hands at that figure We are almost sure now that the ore ledges we are working to such advantage in the Hercules mine extends into the Atalanta and Big Extension Of course we are keeping this quiet, and you must on no account Jet on what I write you about it. By the end of the month we shall commence new development work on the Atalanta. You want to collar all the s hares you can of this mine before ire make a strike, so as to be in on the ground floor with the rest of us. Accordingly, during the i:iala. nce of the week, Hammond rnacle a tour of the brokers' offices on a still hunt for Ata l:lnta and Big shares. He secured 10,000 Atalanta and 15,000 Bix Extension at n cent a share. Then he put a standing advertisement in the financial pap e rs stating that he was open to propositions for the sale of shares of those dead mines. Jay White saw the advertisement and called on him. "Bay, Hammond, what do you want with Atalanta and Big Extension sha;es ?" "I want to buy them if I can get them cheap enough." "Isn't that the stuff you bought from Chadsey and Hed den some time ago?" "Yes." "There must be something in the wind in that direction or you wouldn't be so eager to get hold of the stock." "I didn't say there was." "What are you giving for the shares?" "Got any for sale?" "A few," said White, cautiously. "Give you a cent a share for all yot1 have." "Won't you give any more than that?" asked White, warily. "I might, though I hardly think I will." "I'll think the matter over and let you know replied his rival. White returned to his office fully satisfied that Hammond had. some purpose in view in wanting to get \ hold of the Atalanta and Big Extension stock. He had 5,000 shares of the former and 6,000 shares of the latter in his safe. "I'd be a fool to sell them to Hammond the way things look. I'll bet he's had some confidential information from Goldfield on the subject. I'll try and find out what it means." He immediately wired a broker in Goldfield with whom he did business, asking for information. CHAPTER XIV. JAY WHITE MAKES .A. GOOD RAUL. Jay White received word' from his Goldfield correspond ent that somebody had been buying up all the Atalanta and Big Extension shares in the district during the past two months. Interested parties had gone out to the ground to try and find the reason for this move, but there seemed to be nothing doing at either of the mines They had both shut down operation s three years before and had not been touched since. The only explanation the Goldfield man could offer was the fact of the rich strikes in the Hercules mine, which abutted on the two mines in question. There was a possibility that the ore ledges in the Her cules might extend to the Atalanta and the Big Extension, but this was only a surmise. All the paying da-ims in Goldfield lay in the midst of a network of other mining properties which had only in rare cases developed ore of similar richness in less paying quantities. There was no certainty at all that Atalanta or Big Ex tension would be benefited by the strikes in Hercules, close as the later was to them. Still, of course, there was always the chance that they might come in. Whoever had bought up the shares had not as yet shown any eagerness to probe the dead mines for the possible ex tension of the Hercules ledges. Jay White pondered over this report from the West, and finally decid e d to try and get hold of some more of' the dead shares if he could. With that view in mind he, too, inserted an advertisement in two of the financial papers, asking for tenders of the stock Before three day s went by a man come into his office and offered to sell him 10,000 shares of Big Extension at 5 cents. "I'll giYe you a cent a sha re," said White. The man shook his head. "If that's the best you can offer I'll go and see what Mr. Hammond offers. He is advertising or the shares, too." "He won't give you any more than that," replied White. "Perha.ps not, but there is no harm in seeing what he will do." "Well, I'll give you a cent and a half a share for the block." "No," answere d the man. "They cost me 10 cents three years ago. When the mine stopped business I chucked the certificates aside as so much waste-paper. I held on to them, nevertheless, thinking that some day the mine might I re s ume business. The moment I saw the advertisements, asking for the stock, I concluded a new st rik e had been made in the mine, and s o I came on, hoping to recover a part of my loss." "There hasn't been any strike," replied White. "Will you tell me why you want to buy the stock, then?" I have a customer who asked me to get him some, that's all." "Then your customer must have got hold of some. inside inform a ti on." "I tried to find out something about the Big Extension PAGE 26 DIA);IO:ND CUT DIA1IOND. 25 by w riting lo m y Goldfi eld corespond ent, but a ll I c ould learn w as that the r e had been som e inquir y for th e s hares on a c coun t of .th e strike in H e rcul es mine which adjoins Big E x t e n sion. There i s no work g oing on at the mine, ho1rever HO I don't think th e r e's anything in I am ll"i ll i n g l o ris k as high a s two cents a share for your s tock, but that's m y limit, unless y ou ca n get more out of Ham mond I'll give y ou half a cent more than he will for your s hares." W e ll that's a fair proposition," returned the visitor, rising. I 'll come back and let you know his limit." The man w ent in to sr.e Harry Hammond How many shares liave you got for sale?" a s ked Hammond. "Ten thousand "I'll give you a cent a shar e for them c ash " I can do better than that," replied hi s visitor "Where?" asfed Hammond, in some surprise. Across the corridor." "Oh, I see I Mr. White is buying the s tock too Well, if it's a fair what did he offer you?" I don't think I ought to tell you," s aid the man after a moment' s he s itation. Very well. I'll make you another offer. I'll say three c ents." "That's quite different from one cent," chuckled the man. "That's true And I'm taking a ris k in offering you so much The stock may be worth nothing at all. The mine ha s b e en a d ead one for s ome years." Y o u J)1Us t hav e h e ard some thing that would indicate ih a t i t w a s c omin g to life a gain." I h ave h eard som e thin g it i s true, but nothing to warrant m e pay in g ove r three cents which may be lost money all." "Is that the best you can offer?" "Tha t 's my limit." "We ll I'll see if Mr. White will hold to his offer If h e doe s I s h all not c ome back; otherwise, I'll let you have the m for t hre e c ents." "Very well, Mr," answered Hammond, turning to his desk. As t h e c all e r did not return, Hany concluded that Jay White h a d bought the s to c k at more than three cents which w as a fact, for he paid the man$350 c as h for the 10,000 s h a res. White al s o got 4, 000 mor e shares of Big Extension from a young sc h o ol-t e a c h e r of Pate rson, N. J., for $100, and 5, 000 s h a res of Atalanta : for$100. Ile now owne d 10, 000 Atalanta and 20,000 Big Extenbion w hil e H amm ond h ad secured 2 0 000 Atalanta and 35, 000 Big Ext e n s i o n. Whi te had m a d e anang ement s to be k ept informed of any deve l o pm ents i n th e mines in question but many week s passed b e for e a n e ncouraging word of any kind r eac h e d him. Hammond wro te his frie nd Adam s tha t be had managed t o sca r e up 5 5,000 shares of-the t w o m'mes in que s tion but tha t be meant to hold on to the m a s the outlay had been ins i g nificant. \ Adam s wrote ba c k that the syndi c a te had pos tponed open ing up the Atalanta for the present, as the Hercules lea s e occ upied all of the i r attentio n and 'ras panning ou. t firstclass. 1 Jay Whit e had been mor e or l ess under a cloud finan cially since his loss in the Mis s ouri Cen t ral. He couldn't quite for gi v e Hammond for the victory he had achieved though he had treate d him (White) in. the mos t generou s manne r i n th e s ettl e m ent. It happened however tha t White accidentally got hold o:f inside information that a pool was being formed to boom 1\f. & N. shares. As soon as h e felt sure of his ground he bought 20,000 s hares at 113 OD a ten p e r c ent. margin. The s tock began t6 rise, and he bought 10,000 more aL 116 Two days later it was going at 1 20, with every broker on the Exchange scrambling for it. White had the nerve of a good operator and he held on for big profit s When the stock reached 125, timid investors began to get out from under. White, however, held on until it reached 133, when, taking alarm from something he heard from Mr. Chadsey, be sold out. The dumping of his last block of 10,000 on the market sent the sy ndicate to the wall, and a panic ensued. White didn t worry about that, however, for he had cleare d, above all e x pen s es, over h all a million dollars. CHAPTER XV. FOXY HARRY HAMMOND. At last the papers came out with the news of a strike in Atalanta mine. The Wall Stree t ticker r e corded it as follows : "Within the last week the Atalanta, a mine abandoned as a hopele s s prospect three years ago, has opened in the Nevada tunnel an unknown v ein of ore six fe e t in width. At the pre sent time as s ay retUrn s hav e not b e en received, HO th e exact value cannot b e giv e n. Atalanta will be re li s t e d on the Goldfield, _San Frq.ncisco and R e no Exchanges imm e diat e l y." Of course, this was g r eat n e w s for both HaITy Hammond and J ay White .who had a c quir e d three-quart e r s of all the s tock of t h e Atalanta min e that h a d been originally s old in the Ea.st. In the course of a fortnight t h e n e w s from the mine was mo s t e ncouraging. The stock h a d bee n pu t on the market but very little trading was d o n e in i t, a s mos t of the s toijk had been drawn from c ir c alation. It was quoted at five cents.

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26 Jay White was returning from lurn:l1 one day when he noticed an envelope lying in, the rorriclor in front of Hammond 's door. He picked it up and saw that it was acldre8scd to Harry Hammond, and that the post-mark was Goldfield. Curious to learn the nam e of his business rival's cor respondent, h e carried it into his own office, and, taking \ out the enclo s ure, r ea d as follow: "Dear Old Chappic.-Well, wha. t do. you think of the Atalant a now? We're coming to the fore fast. Everybody out here is tryjng to get hold of some of the stock, but we're not up. You ou ght to see the faces of those who four months ago were glad to get rid of their Atalanta shares at any old figure that represented money. To-day they are kicking themselves around their backyards, and trying the ir prettiest to hid e their chagrin. But don't say a word. Wait till you h ear the late st And it isn't about Atalanta, eithe r I hav e just received a telephone message from our superintendent at Big Extension that he has dis covered an entire l y new vein-not the looked-for extension of the Hercule s-on what is known as the Last Chance claim, which he has prospected to a depth of about forty feet. At this depth an average sample taken across three and one-half feet of the vein return e d values of $36 per ton. While these values are not high, as compared with Hercules and other mines of the same caliber, it seems to be only a matter of sufficient developm ent work and time when s uch an ore body will pay tremendous profits. "Yours, "JAOK." "Whew!" exclaimed White as he la id the letter down on his desk, "this is the iirst ne--ws of a strike on Big Ex t ensio n. It i s evident Hammond i s standing in w ith the owners of the mine. No wonder he i s so well infom1 ed, and that he bctught those shares from Chadsey ancl Hedden He got 10,000 shnres of Atalanta for a ecn t a share, and H edden told me he sold him 20,000 shnre R of Big Exte n sion for half a cent I/' share. Now the former is quoted at six cents this morning, and as soon as the nmrn contained in this l etter "leaks.-out, and the mine is refo:tccl, the latter \ rill be going at the same figure. I wish I knew where I could pick up a few thou sand shares of B. E." \V11ite canvassed Wall Street thoroughly for Big Ex tension, but not a share could he find. By accident, he found out that a certain J\Iajden Lan e jeweler hacl 5,000 shares, and he lost no time in calling on him. H e succeeded in getting possession of the block itt a cept a share, thca1gh the jeweler had paid nin e for it three years befor e He was as tickled at getting hold of the shares as though he had made$1,000. "I guess Hammond and I have got about all the shares iL New York," he said to himRelf. "I wonder how much he has secured of both these mines?" A week later the strike al Big Extensio n was heralded to the world through the newspapers, and those w h o had solcl out their stock at a mer e song were looking blue in deed, for no one could say what the shares might yet be worth. A great many eager investors called at the offices of White and Hammond, seeking to purnhase shares of these stocks, but neither of the boy brokers would l et a s in gle share get away from them In the course of a few weeks Atalanta went gradually up to 25 cents a share, while Big Extension, as soon as it was listed, again was sought for in vain at ten cents. The latter mine, however, gave tokens of better values than Atalanta, and gradually threw the other into the shade, for six months from the time the sttike was made ore was being taken out that assayed so high that the price of the stock went booming l1p to 60 cents. White and Hammond met one day in the elevator. "I was just talking to Hedden. He says that for pig luck you take the cake. Those shares of Big Extension you bought from him for $100 are now worth$12,000, accord ing to Western quotations," said White. "They'll be worth $20,000 before many moons." r eplied Hammond. "I believe you. How many shares have you altogether?" "Oh, I've got quite a bunch," answered Hammond, care les s ly "and I'm on the lookout for more." "More!" excl aimed White. "Why, I thought you and I had about a ll there is in New York." "So did I but I understand there's a man right h ere in the city who has something lik e 35,000 shares of B. E." "Gee whii; You don't say. I'd like to get a portion of his holdingB Yon don't want it all, do you?!' "I'll take all I can get. I'm going to offer him 65 cents for the lot. 'r "I'd giv e 70 if I knew where to reach him." Hammond smilecl one of hi s peculiar smi les, and, nod ding to his Tiva l cli app eared inside his office. "Hammond is a l1og," growled Jay White, as he ente r ed his own office. "He wants the earth, it seems to me. So he's willi.ng to pay five cents above the market price for those 35,000 shares, eh? Ile must ha Ye received some more information from hi s friend .Jack. I wish I could locate this chap who has such a block or the stock." He rang his bell for Teddy 1'IJ arks. "Look here, 'I'eddy. You and Hammond 's kid seem to be on pretty good terms these days. 1 wish you would try to find out through him who the party is who has 35,000 shares of Big Extension, a Gold firlcl i:;tock for sa le. I want to get it ahead of Hammond if I can." "Yes, sir. I'll pump Mickey as soon as T sec him again "Do so; ancl if you bring me the information I want by to-rnonow, it's a ten spot in your clothes "Den youse kin betcher life I'll try an' earn it." Next morning's Western report s Hliowcd that Big Ex teit sion had advanced to 63 on the Goldfield Exchange. White was greatly excited. PAGE 28 DIAMOND OUT DIAMOND. 2'i "I'll bet it will go to a dollar and over. I hope Teddy will find out the name of the man to-day." '.J'eddy didn't find out, and several days passed, during which interval the stock went up to 80 cents. Mickey, however, reported to Hammond that Teddy was trying to pump him about the name of the man who owned 35,000 shares of Big Extension. "He says his boss promise d him a ten-spot if he found out, an' he offered to divvy wit' But how could I tell him what I don't know. Besides, he must t'ink dat I'm a chump to give anyt'ing belongin' to dis office away.'r Hammond smiled and walked away. That afternoon, however, he received a letter from his friend "Jack," that made him look solemn. But after a moment or two one of his customary seraphic smiles broke over his handsome face. He went to his safe, took out a bundle carefully wrapped up and rang his bell for Mickey. "Take this over to Mr. Benson at the Borum Bank." "Yes, sir," replied the office hoy, and he was off like a shot. Next morning's mail brought a letter to Jay White. He tore it open, glanced over it and gave a shout of joy. This is what he read : "Mr. Jay White: "Dear Sir.-I have 35,000 shares of Big Extension mm ing stock, of Goldfield, Nevada, that I wish to dispose of at the best figure possible. As you deal in Western securi ties, I thought you might be interested in this matter. Please call at my office in the Borum Bank Building at ten o'clock to-morrow (Thursday) if you care to make an offer for the stock. r ours truly, "GEORGE BENSON." "Will I call?" grinned White. "Well, say, will a duck swim?" CHAPTER XVI. CONCLUSION. When Jay White reached the Borum Bank at ten o'clock that morning and inquired for Mr. Benson, he was shown into the Board room, where he found a number of persons seated, two of whom were ladies. White was rather disgusted to see that Hammond was also present: George Benson, the cashier of the bank, was seated at a flat-top desk, sorting a package of Big Extension securities. When the clock struck ten the gentleman rose and said : "Ladies and gentlemen, according to the terms of my advertisement in the Wall Street papers, I am about to offer for sale to the highest bidder above the market price. which this mornfog is 78, thirty-five thousand shares of Big Extension mining stock of Goldfield, evada, in. lots of from 1,000 to 20,000 shares. I have been instructed by the owner of these shares to state all the facts concerning the mine in question. How, until recently, it has been dead to the world, and how, within the last three months it has unexpectedly come to life again, pro ducing enormously valuable ore Mr. Benson then detailed the statistics of the mine from the date of its original discovery to its failure as a mining proposition; then how the discovery of rich ore in the Hercules mine, adjoinng it, had induced the owners of the Hercules Leasing Syndicate to buy up all the stock in the market on the bare possibility that new discoveries would eventually be found in the Big Extension, and how their judgment appeared to have been abu:f!.dantly verified. "Now, ladies anc! gentlemen, the owner of this stock, which has risen from nothing to 80 cents, has decided to dispose of his holdings and take his profits to date. The par value of this stock is$1 a share, and it is the current opinion in Goldfield that it will go to a The owner, however, has requested me to tell you frankly that valuable as the ore veins lately discovered in Big Exten sion have appeared to be, that there is always a possibility of their petering out most unexpectedly. If you buy this stock you buy it with that fact before your eyes. If in three days, or three weeks, or three months, the present glittering prospect of the mine should evaporate into thin air, or at least prove less valuable than at this moment, the price of the shares is bound to decrease in the Western exchanges, and your holdings will represent a loss. On the other hand, if the present prospect continues, Big Ex tension will take its place among the Nevada big dividend payers. In order to give smaller investors a chance, I will fist offer a 1,000 share certificate. The lowest bid must be 'i8." One of the ladies held up her hands. "What is your offer, madam ?" "Seventy-eight." "I am offered 'i8 for this 1,000-sharc certificate. Any other bid?" Jay White watched Hammond closely, but thnt broker nevE!r made an offer. One of the men present bid 'i9 and another 80. The other lady bid 81, another man 82, and it w11R finally knocked down at 85. "Who wants another 1,000-share certificate at 85 ?" Several bid, and Mr.' Benson disposed of ten of them at that price. "I have now a 5,000-share certificate. 'Who wants it at 85 ?" No one seemed to want it till Hammond saicl he'd take it at 85. Then Wrute jumped up and said he'd give 86. "Eighty-seven," said Hammond, quietly. "Eighty-eight,'r nodded White. "Nine," bid Hammond.'r "I'll give ninety !''"cried White.

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28 DIAMOND OUT DIAMOND. Mr. Benson looked inquiringly at Harry Hammond, but the boy broker shook his head. "It's yours, 1\fr. \\'hite," said the cashier, "at twelve points above the market price." White laid $4,500 on Mr. Benson's desk, and the casliier handed him the certificate with a bill o. sale froll! the Borum Bank. "Now," said Mr. Benson, "I have only the certificate left. Anybod:v who wishes this will have to go deep into his pockets. It's actual value is$15,600 at 78. It may be worth $20,000 a week from to-day, or it may only be worth$10,000 or $12,000. That'R the risk people take with all stocks." Everybody in the room 109ked interested, and each won dered i:f there would be any Lidding oo such a large block. "Are you going to bid on that certificate?" asked Harry of \'i'hite. "I certainly am," replied his one-time chum. "You're foolish, Y\'hite. There's liable to be a break in the price of the stock any time at Goldfield." "Row do you know?" asked White, incredulously. "I heard so yesterday a.fternoon." "Oh, you did," retorted his rival, sarcastically, "and yet you ju t bid 89 on a block of 5,000 shares." "I only 1did that to see -if you'd raise the ante to 90," smiled Hammond. "Tell that to the marines,'' snorted White. "Then you don't believe me?" "I should say not." "All"right. If you get stuck don't blame me." "You're awful kind, I don't think," grinned White. "Well, you're a chump if you pay more than 7S for that certificate," said Hammond, as ti1e people stood back from the desk, leaving the bro boys in advance. "How much for this stock?'' asked Mr. Benson, holding the package above his head: "I'll, g ive ninety," said White. "Ninety-one," bid Hammond. "Two!" from White. "Three!" shouted hi:; rival, excitedly. "Five!" said White, coolly. The spectators held their breath. "You seem to want that stock mighty bad, White," said Hamrnoncl, aftrr a panse. "What of it?" answered the boy broker, coldly. "Are you aware that you've bid$3,400 more than its market value?" "That'R my businrs s," replied White. "I'm going to have that certificate if I have to pay a dollar a share for .it." "Look here, \Vhite, you'd better let me bid it in at 96. It will save you money. I can better afford to take the rhances with that stock than you," said Hammond. "You go to grass I made over half a million the other on 1\L & N. What's $20,000 to me?" "All right, old man, the stock is yours at 95," said Hammond, turning on his heel and walking out of the room, leaving his rival to pay$19,000 for th:e certificate. When Jay White returned to his own office with the two certificates for 25,000 shares o.f Big Extension in his pocket, for which he had paid $23,500, he began to realize that in his anxiety to get ahead of Hammond he had prob ably made a fool of himself. He had paid$4,500 more than the market price in Gold field for the shares. He was a bit reassured, however, next day when the Western reports showed that Big Extension had recovered and gone up to 81. On the following Monday he felt still better when he saw the stock quoted at 85. Big Extension, however, never weni higher. The price at once began io go down, although the mine seemed to show as good results as ever. It went down to 75 and then gradually to 65, greatly to White's disgust, as well as to the consternation of all who had purchased it at top-notch prices. At last news came that bottom had fallen out of the mine, and the stock tumbled in a hurry to 10 cents. The day that the news reached New York, Hammond met White in the corridor of tlie Barnum Building. "Well, I told you that you: \Vere .oolish to buy that stock,'' Ha1Ty said. "Yes, I ought to have let you take it," growled White. "Oh, I didn't want it." "What did you bid on it for?" "Just to see how much I could get for the stock." "How much you could get? What do you mean?" "Why, those were my 35,000 shares, that's all. Benson was selling them for me." "Great Scott!" cried White. "What kind of business do you call that?'' "Just diamond cut diamond between us, old chap. You seem to have got the short end of the deal, hqwever, but I hope there's no hard feelings on the subject." Jay White looked as if he had just lost his best friend. He turned on his heel and entered his office. It came out all right between them in the end. 'White acknowledge that he wasn't one, two, three with Hammond in the brokerage business, and Hammond made him happy by offering to take him into partnership That ended their business rivalry, and the firm of Hammond & White is now one of the most prosperous in Wall Street. THE END. Read "A START IN LIFE; OR, Ai BRIGHT BOY'S AMBITION," which will be the next number (65) of "Fame and Fortune Weekly." SPECIAL All back numbers of this weekly are always in print. If you cannot obtain them from any newsdealer, send the price in money or postage stamps by mail to FRANK TOUSEY, PUBLISHER, 24 UNION SQUARE, NEW YORK, and you will receive the copies you order by return mail.

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