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Mount Olympus

           Hand,andmyselfhavebeentoacertainextentinvestorsinthisstock,anduptothisafternoonwefeltittobeourduty,notsomuchtoourselvesastothevariousbankswhichhaveacceptedthisstockascollateralandtothecityatlarge,tosustainitasmuchaspossible.WebelievedinMr.HullandMr.Stackpole.Wemighthavegonestillfurtheriftherehadbeenanyhopethatanumberofotherscouldcarrythestockwithoutseriouslyinjuringthemselves;butinviewofrecentdevelopmentsweknowthatthiscan’tbedone.ForsometimeMr.HullandMr.Stackpoleandthevariousbankofficershavehadreasontothinkthatsomeonehasbeencuttingthegroundfromunderthem,andnowtheyknowit.Itisbecauseofthis,andbecauseonlyconcertedactiononthepartofbanksandindividualscansavethefinancialcreditofthecityatthistime,thatthismeetingiscalled.Stocksaregoingtocontinuetobethrownonthemarket.ItispossiblethatHull&Stackpolemayhavetoliquidateinsomeway.Onethingiscertain:unlessalargesumofmoneyisgatheredtomeettheclaimagainsttheminthemorning,theywillfail.Thetroubleisdueindirectly,ofcourse,tothissilveragitation;butitisdueagreatdealmore,webelieve,toapieceoflocalsharpdealingwhichhasjustcometolight,andwhichhasreallybeenthecauseofputtingthefinancialcommunityinthetightplacewhereitstandsto-night.Imightaswellspeakplainlyastothismatter.ItistheworkofonemanMr.Cowperwood.

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