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American Match

           Andsotherebeganaquietcampaignonthepartofeachcapitalisttogatherenoughofittorealizeatruefortuneontherise.

           Agameofthiskindisneverplayedwiththeremainderofthefinancialcommunityentirelyunawareofwhatisonfoot.IntheinnercirclesofbrokerageliferumorsweresoonabroadthatatremendousboomwasinstoreforAmericanMatch.CowperwoodheardofitthroughAddison,alwaysatthecenteroffinancialrumor,andthetwoofthemboughtheavily,thoughnotsoheavilybutthattheycouldclearoutatanytimewithatleastaslightmarginintheirfavor.Duringaperiodofeightmonthsthestockslowlymovedupward,finallycrossingthetwo-hundredmarkandreachingtwo-twenty,atwhichfigurebothAddisonandCowperwoodsold,realizingnearlyamillionbetweenthemontheirinvestment.

           Inthemeantimetheforeshadowedpoliticalstormwasbrewing.Atfirstacloudnolargerthanaman’shand,itmaturedswiftlyinthelatemonthsof1895,andbythespringof1896ithadbecomeportentousandwasreadytoburst.Withtheclimactericnominationofthe"ApostleofFreeSilver"forPresidentoftheUnitedStates,whichfollowedinJuly,achillsettleddownovertheconservativeandfinancialelementsofthecountry.WhatCowperwoodhadwiselyproceededtodomonthsbefore,otherslessfar-seeing,fromMainetoCaliforniaandfromtheGulftoCanada,begantodonow.Bank-depositswereinpartwithdrawn;feebleoruncertainsecuritieswerethrownuponthemarket.

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