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Updated: May 15, 2025
They're down twenty points on the average, although they haven't let Anti-People's break an eighth yet. They have it pegged at 106, but there is an ugly rumour just in that Bob, under cover of a general attack, is unloading Anti-People's on to the Reinhart wing for Rogers and Rockefeller, and the rumour is getting in its work. Even Barry Conant is growing a bit anxious.
It is said he has the pool's protection order in Anti-People's and that it is unlimited, but Bob has the Reinhart crowd pretty badly scared. Swan has just finished giving Conant a hundred thousand off the reel in 10,000 lots, and he told me a moment ago he was going over to get Bob himself to face Barry Conant.
On October 1st the certificate of the Anti-People's Trust, $12,000,000,000 capital, 120,000,000 shares, were listed upon the New York, London, and Boston Stock Exchanges, and the German and French Bourses, and trading in them started off fast and furious at 106.
She's a cellar-to-ridge-pole ripper. They're down 40 or over on an average. Anti-People's is down to 35, and still coming like sawdust over a broken dam. Barry Conant's house and a dozen other of Reinhart's have gone under. His banks and trust companies are going every minute. The whole Street will be overboard before the close.
The latest talk is that Reinhart is borrowing hundreds of millions on Anti-People's, and that his loans are being called in all directions. Do you know Reinhart is at his place in Virginia and cannot get here before to-morrow night? If Bob breaks through Anti-People's peg, it will be the worst crash yet." "All right, Fred," I answered. "I will go over to Bob's right now.
I hate to do it, but there is no other hope." I dropped the receiver and started for Bob's office. As I went through his counting-room one of the clerks said, "They have just broken Anti-People's to 90 on a bulletin that Tom Reinhart's wife and only daughter have been killed in an automobile accident at their place in Virginia. They first had it that Reinhart himself was killed.
Give the thieves every share they will take, and when they won't take any more, ram as much again down their crops until they spit up all they have been buying for the last three months! Going out I met Jim Holliday and Frank Swan rushing in. They are evidently executing Bob's orders, and have been pouring Anti-People's out for an hour.
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