| Show MADE A MILLION IN A DAY DAYt t Abraham White Tells How It Feels to Acquire That Sum in Few Hours May Write Dank Book Ih Abroham White 1 t 43 3 old 1 t Abraham White 1 x born In the little town or of 1 IA s sy 1 I y Orange Orane Tex living In tt St nuts i 1 1 and ond New York YOlk on his t 1 tr r r summer vacation went into Wall iSail x 1 1 ate r et ot a t th the 81 nn I g nt at t he now n t 1 i i I I historic boors III lesion lIlon Pacific r 1 ri i n 1 Southern stacks andIn and o in n a few days up riches Iri On Aug AuA 11 the day oC tho boom his hili r winnings were II fir i i ij j i Whit sous one ot of r J 1 th the most moat remarkable In the tur turbulent y bulent history tit lit Wall street l 1 1 hI he now In the tho ot of oft t 1 i the tho plungers 1 I l i Below Is Mr Air own lie ne f 1 coun of hla specula 4 i lion hy by y ye i iy y y yo o f a e r rt have aHk tI te Ino n man Y t within the tho past few rew days day how It felt to tomake make muk n t In n a day It was WIAn wasa n a mo most l question to answer nil ns I 1 havo never token taken the time to la my emotions during successful business eno or others other which dill did not lIot come lip up II to my Iny Of OC course I expected I Il l human It r I not Th There rn I is tremendous In having Y things turn out just ns you have 10 A or lr a er cr an architect or a bridge engineer 1 t t who hUH has careful carefully worked out his hi plans In advance hats nero them progress step h by alOP inn met obstacles hero not there which had to bo be overcome or eJ else the whole project would go to smash feels boundless when It at last hut hi his creation Is completed and he views It In its perfect form Mm Iris the Iho same with financial Those which Me are successful are not nol taken up In haphazard fashion with Ith only the tho gambling Instinct IK as the motive mothe pow power er awl and rudder 1 gambler Is hi only n a nIlIe IlIe guesser er and ani guessing I Is always bad bade bus I II e Thu rho navigator who r ho steers leers 1 a slit ship I hY by guesswork is IH quite sure to run uvon the rocks or or trite Into some Kome pi other her disaster l ter before hi his voyage I Is end ended ed cd i Few fow that thai finance is IA the mo most t Intricate In the tho world It hUH his more mor twists and than or any uny but men who would i h never cr think of oC competing with n 11 astronomer or t In his own tine ot of work tur tackle 11 tie problem with airy and back their judgment with filar money Ur In un t rn Y That la 18 why Wall Willi street is strewn with so 10 ninny human But tut to come com hack to the original Ion I hail started on II a campaign along Oxell tines based UP UPon upon on knowledge and gathered information Meeks ago ogo when every bodY ant everything In street hect were Werl ht the and market hears I termed In eVer every In ht the tho district I wn svan It a hull And I wo yes 1 ut nL I 1 WitH was confident or of two first that Union would rely Fell higher and the second that tha t Souther outher 1 Pacific would sell higher I had horl studied both properties and patiently weeks before I knee knel th their lr earnings w were rc tar RI out oC at to their dividends that thal UnIon Un Ion hove have to give its ItH stock molders mora mere than 6 per Ier cent and that Southern which had given them nothing would have to make n II sub return Tho rho temper ot of the tho tunes larger distributions the earnings corning were there thero and nil the and commercial conditions een sources In tile future I tapped the reliable ot or nt at my disposal and ond found Cound that the stocks which the army of bears were selling were being quietly an and unostentatiously taken by the men mell who never buy blindly I walled waited day dllY after neler day for 10 days while the mar market ket was wall tailing ailing almost steadily before I began to buy tome Some people may think i 1 was gomb In stocks stock Th They y were It you ou were Iere going to tn buy huy m 11 house which you ou knew to be and with n rent l of 1000 n 11 year Clear unit It vas alTered down and down to say you ou would not regard It as asa a gamble IC f you bought It You would tell feel there was n a certainty of at profit In InV tho th o t tI rut tsue Is exactly bell ha V I 1 felt Celt Stocks are like hou houses e shoes groceries hardware or tiny other vole nl commodity They have Intrinsic values which bt be Ignored In hi the thelong long IonA run no matter what I hn have 0 a 1 result ot of the wIn wares es ot of and bearishness H which shut k their prices up UI and down Iown YI ears ot of experience In Wall street have hat taught me that sense unit and n level lovel head are aro assets ot of urine prime hn In III nil all stock ventures and that may plan worked out with w Ith those tI lice reinforced with knowledge and ond ne cc curate Information Is quite sure to at Is why J i bought hought Bud and bought hought and bought the two stocks In which I had bud confidence One of 11 fly brokers broken became anxious when I gave 3 ve burn all an exceptionally large order and andI me how much mui I U P I I i nt at that I told him I woul take the tha whole gloating supply at the market marlet marketAn An order of oC that I kind meant all the Pacific shares offered on the stuck stock exchange Friday Aug 17 was the crucial day 1 i that meant so 80 much to me tiny 10 the executive ot of Union and Southern did what I 1 was certain early In July they would have to do chi U Pos 1 was In Inv creased from 6 to 10 per cent end S Swa F wa was advanced from nothing to 1 a to 6 per rent stock lW ily noon o of that tiny fortuno had Imd whiled upon mu most mOlt I made Is neither hero nor there but bul when 3 com Caine I was uttered for tOr my In Union alone Ilone which I declined That Thai nit ht when I 1 reached reach ell home hOlM J I told hII while that I would buy tM the lId a II place lit at I Long ng for Cor her herThe The previous Sunday wo we had looked over the e with any sedans Intention ot of purchasing It but moro more out pt It curiosity The house lies a splendidly arranged music mu lo room roam with perfect 1 properties Mrs White has a rare soprano voice ole of If rich tone lone and wide wIlla range and It that the tho voice and the were for Cor each other I livery el man r I suppose has hOIl hl tlell tieN and I am hot ashamed to say that tilt the pl Hurt of what hail been accomplished was nil alt ht hi hitha the tha moment when I told Mrs White that the beautiful on the tho Jerpe lersey const with Its magnificent furnishings II ild grounds was to ho bo hers What she s1 I sold fald wa t town for tor no ears except e my myon own on The given InY stock mar markt market kt ket success and tin tho purchase e of the tho McCall place brought with It o of a au It unexpected IlIne tin the or of the tho wOk week my mall has I berm Increased JI 10 fold Hun hundreds red of oC letters have havo como canto to mn tram persons I do lint know end of oC whom I 1 have hae nuver heard proposing that r I mice their stoney and Invest It as I would lilY my Those Thole people hove the tho fever Cever b badly III and are the Iho la tart t ones OliOS In th the world who should temper with ot which Is III full tit ot snares and pitfalls for tor the tho un unwary unwary wary Th o letters demonstrated to mn me methe the Iho vast influence of success Ono One could cut coupons ore oft It were lie ho so I 1 am not lint To all ot of those people I 1 havo hao written a stereotyped a I Sel to this r I nm mm ll d to ordinary methods of gambling tl ht or out of street and I Ishall shall decline to accept moneys to be beus us used It In discretionary operations which I 1 feel teel would Ultimately lend lead to losses all om the part or of the people who and aro willing to trust their funds In tilts cues Vo It la Is almost Inconceivable the erroneous methods whIch mOil men of 01 acme In street mat acre cling to I with bull bulldog og tenacity One or of the tho most l common and to my mind the tho mo moat t unjustifiable h I the tho order ordel Men give glo It the tho Idea ot of protecting them themselves elves against I loss Iou It Il is not a protection It courts losses lases This very ery morning I hm had a I sharp example of oC Its fallacy Before the tho marl market et opened II a frIend who hIt has had reserves asked me to carry Atchison tor to r him h 1 c naIled asked too 1110 to buy ot at and put a a stOp atop loss loUi at I 1 told him that n a elop loss nl at 1 per cent below the purchase In such sucha a 11 market ns as wo we are aro having was WIlS Ib I surd and amI meant complete failure of at I his hia pima He Insisted and I hl nothing more but I 1 determined to put no iI on this order I bought the shares of Atchison for fOl hint him at 1006 1001 anti and within three threll mitt mill utes there were sales nt at 99 9 H which proved to bo be the low price for tor the I put the on the tho order ho would have hoo been sold old out lit at B a loss 1088 As It turned out At Atchison hl on hind a very ery tepid later hater that day 10 selling II above bovo JIll bah sold 1 at and made on the tho shares Thin fallacy tallac Is only one of II a hund hundred red or more If ever I get the time I shall hall write 1 n book un that I subject public the average tJ out outside side lo id trader II is surely In need tiC of some seine such advice J I can rite rr front nl the tho heart on 01 that subject I have had lilY my ups and downs and un In OUr early arl merited life lito Mrs White While and I hlll had t M make mako many Whenever I have made much money I always eat aside a 0 good percentage for tor m my wife and ond try In ever ovary way Va to provide for tor her future lu In any my periods ot of nonsuccess sho Rho nl al always I ways stood bravely by mo me noel never lost confidence In ma and mil inn milIn In ocr every possible way I have al al aln ways toM cald her ot nl III my n stock market op operations and whon she thought I Iwas Iwas was going Into sonto venture venturo too heavilY she never criticised d mo but bul has told me many a 11 times You can take In the world and every everything ver thing In the tho world I have go got stocks bonds real estate a and till eVal every bit or of my jewelry jeweh except my wedding rind Wf We have havo always tried to live moderate ate oto lives Moderation has hOIl been our watchword and we curry carry It Into the things ot of life lite os as well as the tho big bigI I clear dearly love to smoke moke but limit my myself self II to cigars n a year It I 1 smoke two cigars h lit ono day I skip II a dM day again I nm am not I a I 1 like wino nUll and good tood goodbeer I beer beel b but t 1 Unlit limit lf to oun oue glass I |
