A Deal in Wheat and Other Stories of the New and Old West

"Short! Great heavens, man; where'd he get the stuff?"

"Blamed if I know. We can account for every handful of May. Steady! Oh, there he goes again."

"Sell a thousand May at one-fifty," vociferated the bear-broker, throwing out his hand, one finger raised to indicate the number of "contracts" offered. This time it was evident that he was attacking the Hornung crowd deliberately, for, ignoring the jam of traders that swept toward him, he looked across the pit to where Going and Kimbark were shouting "Sold! Sold!" and nodded his head.

A second time Going made memoranda of the trade, and either the Hornung holdings were increased by two thousand bushels of May wheat or the Hornung bank account swelled by at least three thousand dollars of some unknown short's money.

Of late—so sure was the bull crowd of its position—no one had even thought of glancing at the inspection sheet on the bulletin board. But now one of Going's messengers hurried up to him with the announcement that this sheet showed receipts at Chicago for that morning of twenty-five thousand bushels, and not credited to Hornung. Some one had got hold of a line of wheat overlooked by the "clique" and was dumping it upon them.

"Wire the Chief," said Going over his shoulder to Merriam. This one struggled out of the crowd, and on a telegraph blank scribbled:

"Strong bear movement—New man—Kennedy—Selling in lots of five contracts—Chicago receipts twenty-five thousand."

The message was despatched, and in a few moments the answer came back, laconic, of military terseness:

"Support the market."

And Going obeyed, Merriam and Kimbark following, the new broker fairly throwing the wheat at them in thousand-bushel lots.

"Sell May at 'fifty; sell May; sell May." A moment's indecision, an instant's hesitation, the first faint suggestion of weakness, and the market would have broken under them. But for the better part of four hours they stood their ground, taking all that was offered, in constant communication with the Chief, and from time to time stimulated and steadied by his brief, unvarying command:

"Support the market."

At the close of the session they had bought in the twenty-five thousand bushels of May. Hornung's position was as stable as a rock, and the price closed even with the opening figure—one dollar and a half.

But the morning's work was the talk of all La Salle Street. Who was back of the raid?

What was the meaning of this unexpected selling? For weeks the pit trading had been merely nominal. Truslow, the Great Bear, from whom the most serious attack might have been expected, had gone to his country seat at Geneva Lake, in Wisconsin, declaring himself to be out of the market entirely. He went bass-fishing every day.

IV. THE BELT LINE

On a certain day toward the middle of the month, at a time when the mysterious Bear had unloaded some eighty thousand bushels upon Hornung, a conference was held in the library of Hornung's home. His broker attended it, and also a clean-faced, bright-eyed individual whose name of Cyrus Ryder might have been found upon the pay-roll of a rather well-known detective agency. For upward of half an hour after the conference began the detective spoke, the other two listening attentively, gravely.

"Then, last of all," concluded Ryder, "I made out I was a hobo, and began stealing rides on the Belt Line Railroad. Know the road? It just circles Chicago. Truslow owns it. Yes? Well, then I began to catch on. I noticed that cars of certain numbers—thirty-one nought thirty-four, thirty-two one ninety—well, the numbers don't matter, but anyhow, these cars were always switched onto the sidings by Mr. Truslow's main elevator D soon as they came in. The wheat was shunted in, and they were pulled out again. Well, I spotted one car and stole a ride on her. Say, look here, that car went right around the city on the Belt, and came back to D again, and the same wheat in her all the time. The grain was reinspected—it was raw, I tell you—and the warehouse receipts made out just as though the stuff had come in from Kansas or Iowa."

"The same wheat all the time!" interrupted Hornung.

"The same wheat—your wheat, that you sold to Truslow."

"Great snakes!" ejaculated Hornung's broker. "Truslow never took it abroad at all."

"Took it abroad! Say, he's just been running it around Chicago, like the supers in 'Shenandoah,' round an' round, so you'd think it was a new lot, an' selling it back to you again."

"No wonder we couldn't account for so much wheat."

"Bought it from us at one-ten, and made us buy it back—our own wheat—at one-fifty."

Hornung and his broker looked at each other in silence for a moment. Then all at once Hornung struck the arm of his chair with his fist and exploded in a roar of laughter. The broker stared for one bewildered moment, then followed his example.

"Sold! Sold!" shouted Hornung almost gleefully. "Upon my soul it's as good as a Gilbert and Sullivan show. And we—Oh, Lord! Billy, shake on it, and hats off to my distinguished friend, Truslow. He'll be President some day. Hey! What? Prosecute him? Not I."

"He's done us out of a neat hatful of dollars for all that," observed the broker, suddenly grave.

"Billy, it's worth the price."

"We've got to make it up somehow."

"Well, tell you what. We were going to boost the price to one seventy-five next week, and make that our settlement figure."

"Can't do it now. Can't afford it."

"No. Here; we'll let out a big link; we'll put wheat at two dollars, and let it go at that."

"Two it is, then," said the broker.

V. THE BREAD LINE

The street was very dark and absolutely deserted. It was a district on the "South Side," not far from the Chicago River, given up largely to wholesale stores, and after nightfall was empty of all life. The echoes slept but lightly hereabouts, and the slightest footfall, the faintest noise, woke them upon the instant and sent them clamouring up and down the length of the pavement between the iron shuttered fronts. The only light visible came from the side door of a certain "Vienna" bakery, where at one o'clock in the morning loaves of bread were given away to any who should ask. Every evening about nine o'clock the outcasts began to gather about the side door. The stragglers came in rapidly, and the line—the "bread line," as it was called—began to form. By midnight it was usually some hundred yards in length, stretching almost the entire length of the block.

Toward ten in the evening, his coat collar turned up against the fine drizzle that pervaded the air, his hands in his pockets, his elbows gripping his sides, Sam Lewiston came up and silently took his place at the end of the line.

Unable to conduct his farm upon a paying basis at the time when Truslow, the "Great Bear," had sent the price of grain down to sixty-two cents a bushel, Lewiston had turned over his entire property to his creditors, and, leaving Kansas for good, had abandoned farming, and had left his wife at her sister's boarding-house in Topeka with the understanding that she was to join him in Chicago so soon as he had found a steady job. Then he had come to Chicago and had turned workman. His brother Joe conducted a small hat factory on Archer Avenue, and for a time he found there a meager employment. But difficulties had occurred, times were bad, the hat factory was involved in debts, the repealing of a certain import duty on manufactured felt overcrowded the home market with cheap Belgian and French products, and in the end his brother had assigned and gone to Milwaukee.

Thrown out of work, Lewiston drifted aimlessly about Chicago, from pillar to post, working a little, earning here a dollar, there a dime, but always sinking, sinking, till at last the ooze of the lowest bottom dragged at his feet and the rush of the great ebb went over him and engulfed him and shut him out from the light, and a park bench became his home and the "bread line" his chief makeshift of subsistence.

He stood now in the enfolding drizzle, sodden, stupefied with fatigue. Before and behind stretched the line. There was no talking. There was no sound. The street was empty. It was so still that the passing of a cable-car in the adjoining thoroughfare grated like prolonged rolling explosions, beginning and ending at immeasurable distances. The drizzle descended incessantly. After a long time midnight struck.

There was something ominous and gravely impressive in this interminable line of dark figures, close-pressed, soundless; a crowd, yet absolutely still; a close-packed, silent file, waiting, waiting in the vast deserted night-ridden street; waiting without a word, without a movement, there under the night and under the slow-moving mists of rain.

Few in the crowd were professional beggars. Most of them were workmen, long since out of work, forced into idleness by long-continued "hard times," by ill luck, by sickness. To them the "bread line" was a godsend. At least they could not starve. Between jobs here in the end was something to hold them up—a small platform, as it were, above the sweep of black water, where for a moment they might pause and take breath before the plunge.

The period of waiting on this night of rain seemed endless to those silent, hungry men; but at length there was a stir. The line moved. The side door opened. Ah, at last! They were going to hand out the bread.

But instead of the usual white-aproned under-cook with his crowded hampers there now appeared in the doorway a new man—a young fellow who looked like a bookkeeper's assistant. He bore in his hand a placard, which he tacked to the outside of the door. Then he disappeared within the bakery, locking the door after him.

A shudder of poignant despair, an unformed, inarticulate sense of calamity, seemed to run from end to end of the line. What had happened? Those in the rear, unable to read the placard, surged forward, a sense of bitter disappointment clutching at their hearts.

The line broke up, disintegrated into a shapeless throng—a throng that crowded forward and collected in front of the shut door whereon the placard was affixed. Lewiston, with the others, pushed forward. On the placard he read these words:

"Owing to the fact that the price of grain has been increased to two dollars a bushel, there will be no distribution of bread from this bakery until further notice."

Lewiston turned away, dumb, bewildered. Till morning he walked the streets, going on without purpose, without direction. But now at last his luck had turned. Overnight the wheel of his fortunes had creaked and swung upon its axis, and before noon he had found a job in the street-cleaning brigade. In the course of time he rose to be first shift-boss, then deputy inspector, then inspector, promoted to the dignity of driving in a red wagon with rubber tires and drawing a salary instead of mere wages. The wife was sent for and a new start made.

But Lewiston never forgot. Dimly he began to see the significance of things. Caught once in the cogs and wheels of a great and terrible engine, he had seen—none better—its workings. Of all the men who had vainly stood in the "bread line" on that rainy night in early summer, he, perhaps, had been the only one who had struggled up to the surface again. How many others had gone down in the great ebb? Grim question; he dared not think how many.

He had seen the two ends of a great wheat operation—a battle between Bear and Bull. The stories (subsequently published in the city's press) of Truslow's countermove in selling Hornung his own wheat, supplied the unseen section. The farmer—he who raised the wheat—was ruined upon one hand; the working-man—he who consumed it—was ruined upon the other. But between the two, the great operators, who never saw the wheat they traded in, bought and sold the world's food, gambled in the nourishment of entire nations, practised their tricks, their chicanery and oblique shifty "deals," were reconciled in their differences, and went on through their appointed way, jovial, contented, enthroned, and unassailable.

THE WIFE OF CHINO