Show I JAIS R KEENE THE 11 TK MANIPUlATOR Methods and azad Personality of I Xin xene and the tat Bis Ea s Throws on oa o Wall By wIn Le JIe PeVI TE OTC NAMN AX ol ot Jamos Jame on ron To I Jore Jurs in tn the jK Of OIl tile UI t I in the stock I Iel ci CL el 1 lip result reua in n u or ki ot muttons 1 ta Is tat a great t t be to Is ta 11 fact Ui th batter of the th tock sack de is fa w U known to newspaper reader Th The av avI avre v I re Wall street man with an p n en enborn UI born boe ef el profound conviction J is Ii forever fever average yer outsider that Hr Mr Keene x 1 I the th greatest creates ma manipulator nl 01 of stock that ever nero lived And Ad it la Is as U a ft manipulator of StOCkS that Mr Keene will be remembered lont Be He ha baa has never sought bt to be bee become become come identified with the management ment of the companies whose whoa nocks he h ha has bought oot and aa M sold by the hundreds hundred of oft thousands t thos of et snares shares Because of this disinclination to or to water or op ta I companies MIll he be has h hashem hem been regarded a It as an a reck reek reckless reckless less If stock sock trader who ho has baa found In thee the stock exchange a kind dad of adventure with WI tile the umit to the alcy His Hie plain plaID speech has ha often otten been exaggerated and aDd misinterpreted ct but he be ha has a remark remarkable aPe able alt record as a Wall street leader who has baa always given yen his opinion with withy y ate candor ea whenever be he ha has baa felt that hi tat his views view wore were ere of public Interest Bull BuD Bu statements by him have ban inanE inaugurated T u bull markets Just pt a as bearInt bear Interview Int with him have bave marked the th end of t booms His Hie career eaner mer has Ms been of extraordinary Interest Ho He B went to California in the theo th thos os o a frail hW boy of 12 13 whose health helth tb had bad been unpaired Impaired by bJ At 16 IS he be had a man mans mind and was wu a hustler butler He HI became a miner miller a farmer fanner a cow cowboy cowboy boy hoy a government mule puncher a newspaper reporter and proprietor and anda a mining a n on the tile Comstock lode From FrolD Virginia City he be took to San be he ran it up to In a few months month speculating in mining stock and he be lost it all aU and more too After ft two years year of privations and pen penury ury he be arranged with hi his creditors creditor to tobe tob tob be b allowed to Join the mining exchange and soon oon he became the loading leading mining tock broker broiler in San Francisco and nd a millionaire mn they still Ull tell ten many stories atone of him on en tile the coast cout it for tor he be had for as u associate when he be was WAI president of the mining exchange p the big bIc millionaires millionaire In OTt 1171 he be tame came est east but not to bust Jay Gould a as tradition ha has baa it itHe He lit had bad and was waa on hi his bIa way to Europe Europ for hi bl his health but what he Saw Haw on OD hi his bIa trip across a the country made him a bear ber r on railroad stocks stock and be sold short ort Ie shares of New York Central at ne a share abart which some iome time thu later be he bought boucht at atI I below M 10 a share abare clearing about 1200 00 00 by that deal his first Oret on the New NewYork NewYork i York tock stock exchange He lie abandoned hi his trip and stuck tuck to Wall Wallstreet street He Beme beme a bull buU that um sum mfr and bought t huge be amount of low tow priced railroad stocks It was waa not a amere aniere mere m gamble he be had hd read conditions and what bat the Ule future tutu would inevitably bring to the th country To Te him It brought in two to year Against tat hi II own judgment he be was WAI Persuaded by Rufus Hatch to buy bUT 1 bushels bushel of ot wheat Little by little led him to Join a pool formed to control the Chicago market hut Nut hi b associates associate one oat after atter another abandoned bandone a him and abd he be endeavored ende Greet p Ingle handed to carry tJI out the earn cam campaign HI Eli brokers broker OUN played him false friend n l proved traitors traitor or pleaded the baby ba by act a as losing Ine gamblers some sometimes sometimes times will and aad h be hi was forced to relin relinquish relinquish Jula his bis lines line of railroad stocks which he hf had carried in expectation of a able big advance adv He lost 1500 and an he be has hasna hasI I na ald id that if he be had kept out ou of 9 t wheat hr hI h would have made hO out of lii h his I other deals OldIs and that be he would not nit have y lost f his hie entire fortune later laar little by In the Hanni Hannibal hal bal A St It t Joe corner comer and other oc oth re verses until be no wa was not no only penniless Je eu hut but 11 in ID debt some fifteen years year ago ACO agoA A veteran of the street treet said laid to the writer niter a few te day any ago 0 while discuss discussing discussIng ing InK Mr ir Keen kene wonderful oad ful work in tn States Steel My views on onne ne are a re not DOt shared baNd by the street treet gen genf ge geN f N ally tally 1 t have for tor Mm him hI as aa an so operator but I have the tl greatest gretes ret ad admiration 4 for him as a a man My Ky liking dates datH from hi his I dark day days It was waa after aft r rhe ho he tailed taO There was a man who was wa waud a used ud to the beat In the land by nature natu fond fand of the good things thing of life ie accustomed to o 0 the be flattery of lesser I speculators speculator loving above everything eMe to lU laek halk hi his bill views view vie In fn the market with mU mil million lion Ion to whom operating in stocks wa was E as a t the breath of his nostrils a man proud by instinct a bundle b of nerves nerve impatient of obstacles now flat fiat broke Once so powerful and aDd courted and It nd feared now DOW unnoticed unsought regarded by the te t street as AI an exploded bubble hubble about to join oIn the rank Janka of the theu vast u aM t army of Wall Wll street failures What did he lie do I used to see him going Jol to sod and from hi his little cottage in inthe Int InI the t I hf he country every evet day because he be was as like Uke myself pelf too poor to live in the city 1 J was wu poor too ton but I 1 could till still afford to t have tave my phaeton meet me inc at att t ht station Not so with Keene He Be d from the station to bis hI house I have ha seen Hen him in la the dead of winter through the snow an drifts drift with hi b Mad head lowered towered and his hia body bent int walking against the wind a dis dismal dI mal liure in the chill landscape pe How many men would have survived the theu u deD descent d nt from million millions fc Sn pen pennies nies aks If the New ew street treet saloons are re full frill of men who once swung n big bl line linn linnor of or stock and now no gaze cue on the saloon ticker t with It b blear eyes eye and nd handle the tM theT T ipe with trembling fingers why should hould how not have bave Keene Kee ne that bundle bindle of t bt consolation there or June gone to ruin rutn on Oft some lOIn other way or gly I en tn up the UM fight Ne ble s He bent beat hi his hla head bead ad when hEn the u storm r raged TO and aDd pushed OP on ward vard ward and nd twenty years year later he be was w thc thi admired and envied and feared king kiD f r the stock tock market That why I like the man ma Mr fr Keene owes his IU rehabilitation to his remarkable abilities as ns a lator a tor A As 48 a mere speculator or working for lor himself U be he would have bave been boss obliged to operate on en an D insignificant scale 1 by y reason of lack of capital and the recovery Ye of his lost millions million III would I have blot n been a slow process But capita i ts and promoter associated them t cives with r tb the greatest reat of lator and he created a market for tor se so securities which Well bad ben been un He lie H was WM the theof possessor of enough millions to inure Insure respect for lor hi market ket opinions opinion oP and aad be he became becam ai iI a ll a leader T day be he is the tile g gin an n ner er I to ha chief The j he mental ment characteristic ra of Ute pe pen n taJ stock t market leader are the I 1 u of eq gnat generate era MrIe Mr Br K ne to Ie has b uncommon n neon moll foresight t n J rapidity A f perception n and ad P 4 v 1 fhe rne essential I facts fad and unerring bent Ji jt l m nt of the Ulf of tf the op on op I j inK forces force a 11 of men in general I sies tt that h must achieve certain i J ut and aad li I discovers undreamed 0 ay aY of doin so o a He Ht i is not a stock ato k f i in bier He iio lIlt a not bet on t I but he them What hat h hc c bet hOt on n Is la ou OJ a t r nes s or t his hi j Inti m t t of ot mi 1111 t u k market in Jons he be riskS risk his bis h dollars S I r wt nt rl rIsked ked hi hl ft soldiers liven He HeI 1 I illYS had halt for or r an ally the only L that thai lie le uld tr natural eon con ii 11 WI Again aln and h has hl had ni Ilk fd fil d t list t him bun i I 1 r rw ng ngom om I mL uy ii adroit and unfriendly men and it has ha c looked l a as if nothing could save Ave him himm lf m financial death Math But he ha bu has bided his h is time and In the end he has baa seen ret rethe te the he t ramparts ra of dollars erected erect by his hl e nemI enem crumbl away aay beneath th his bia hisa blow blo b at a very vey fair profit to tu him himself sol self He lie la l highly n but he be has baa tte great g reat ack of patience pat nce so eo that be he can plan like Von Moltke and lead a charge like ike l Phil cHe must mut produce certain ertain c effects by means of price ft I t and h he be knows how bow to do it it i Thus Thul on the day y after the publication I of Mr Cleveland message III he hf not only tOld sold out oat a big ble line of stocks stock that tbt be he a as ai carrying but in QI addition J he sold ION short abort over shares in Ie which he be made a nice uke turn a as he soiled called it itHe ItHe ItHe He does doe not Dot know what fear f y I io He Re has baa at times time teen so heavily commit committee t tee ted that any Dr untoward event tending to upset the tile market marbet would hive made I him roe lose tNie L in Ore five t But Buthe be he lost loet no sleep elee It aa planned planaR and carried on Oft a n campaigns campaign in single nocks ta each etch of which ha baa hs netted nett him lit hIma a million or more mon after a few weeks g work To most men even eve famous stock op oo operators orators prato the tape merely conveys an 1 I idea of how the market rUt is going But Hut to Mr lr Keene Keen the tape report Jut just how hi his hia lieutenants lieutenant are executing hi his commands Those who know what wt be he beha ha has done see aee in n the immobile figure Ip by the ticker the tb embodied eo of fit the tile stock tock market lD t Pawing Pausing only OAI i to Kin Ure fresh freh orders order orden which are transmitted to his brokers broker be he reSumes his hi scrutiny tb I of the tape On dull days day be he I Is II a U rest lea Iso a as AI a caged tiger tl r pacing to and a nd ITO fro sitting tUns for or a second rising rI glanc aDe glancing ing log at t the tile ticker from mere flier force three of ol habit I The TIle manipulation of stocks i 1 15 an U art arta a as AI war r 1 Is an art differ r in their methods method as u do doMon general genes Mr Br Morgan Mon for example can consolidate vast TUt properties and railway raDway systems and put out new securities by the hundreds hundred of millions The n Tb ce of hi bi his name Dame as u a banker enables enable bl to sell lieU bonds bond to in investors vector but he be na not always succeeded In creating a good market for tOr stocks for tw money is ta not everything Just jut a as AI superiority ot nl numerical force tore dOM does not alway 1 mean maz I victory in a battle batUe Mr Keen X knows ka i bow how to buy and how bow to seW self stocks as asno no other man He joins Join to a vast TIlt ex experience I at the game me a knowledge of the psychology of ot stock gamblers gambler Jen and anda a variety of resources that enable pable hi him atm I to tn change his b plan of ot battle Hi Ule Itis bold boId boldness ness neja n Ik Is his most moot striking feature a as a manipulator r He takes take a stoCk toek which he hi believes tc ic t be worth more mere than Jt It I is 1 selling lUn for fer but which ha has ot been pl ry c ta red for tor in the market and be he advances advance It until people are eI I to buy bur it Take the case caje of the Southern rail railway railway 1 way ay Since the reorganisation of the tb company the stock tock had beta been more mon or 01 orless less lea neglected Other share had bad risen but the tM Southern railway stocks had bad hadnot hadnot not Efforts had been made mad to create a market for it but although altho the price advanced the rise riM wa was waa not proportion proportionately proportionately nearly ail tut great eat a as that in other and less Ie meritorious securities Every ery time the price rose roee men who held large Interests interest bad had so 10 much for tor sale Ie that ut the price promptly settled back Spoon Speculators would buy and wait alt patiently for tor fora tora fora a further rise ra they would become dis dia disappointed appointed and finally sell out in di dIn cite Mr Keene Int Interested ted himself In is the stocks u He Re bought at first care carefully carefully fully tully in ID order to secure Heure It cheap but bul later with apparent recklessness All the stock toek that the weary holders bolder he wire were glad lad to sell sen be he was WAI glad clad to buy and the price rose roee steadily Mr Br Keene Xene of or course sold old as a yoU well as bought boucht He says say that to sell n shares share you yeu must mOlt buy tM That is I some of Us his brokers broken would buy shares share while hUe other brokers brok broker would sell for him And before many weeks had bad Wall Wallstreet I street wa w was willing nunc to Southern rail raU railway railway way a Mocks freely though the price pete wa was twenty points higher than whet when tile the stocks stock were ere unpopular with 1 investor Inv and speculators alike After the tile pried Price of ot a baa ha I risen rUlen ten points point smart people say y Keene Keen is I making a turn Alter After fit JIt teen points advance Keen Keene must mt be he ber I r and aDd they go KG short abort of it alter after thirty points point Inta they t y say y some IODIe ining LAlli going on Oft ana nd they tasy buy but nu the a toes toek from Mr Keene In the dae conduct et of o r hi b his bear beu campaign campaigns I that have made him feared t bf b ties manufacturers manufacturer who 0 had bad stock for tor sale be ha hs h attacked values value val with a s boldness that has haM daRt the street and aai anda aada I Ia a skill that has been called lata Tb greatest work Mr Kr Kene Xee ever did wa was his bla conduct of the bull bun campaign He became a hair bull shortly after his hll return to thi th this country r from England last ta fail fil Mr Morgan I and others other of equal importance in the thi financial world asked his erf regard r log ing stock market affairs affair aln Mr Br 1 Keea X I studied the situation carefully and an aa flounced himself a a bull un ull There fol to lowed the greatest stock boom ever experienced in this country He Be 0 S planned openings opening as u carefully as a L dramatist plans plan situation He Be haU ad ha I charge barce of ot the United State States Steel shares he be developed a market for then them such as aa had bad never ever before existed ex for foi any stocks stock The manipulation was tile the most mot wonderful witnessed In IB any Pl coun try in any period He disdained the Wu use of newspaper booming He Rd K did dl not ilot need the assistance of ot a single Mingle Jour Journalist |