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Updated: May 26, 2025
Some twenty or more adventurous millionaires, led by one of the boldest speculators of those times, named Hawkins, planned and succeeded in cornering cotton. It seemed that the world needed a crop of 16,000,000 bales, and while the yield for the year was uncertain it appeared that the crop would run to that figure and perhaps over.
Regrating meant buying to sell again at a higher price without having made any addition to the value of the goods; forestalling was going to the place of production to buy, or in any other way trying to outwit fellow-dealers by purchasing things before they came into the open market where all had the same opportunity; engrossing was buying up the whole supply, or so much of it as not to allow other dealers to get what they needed, the modern "cornering of the market."
When I had finished, Phoebe stopped her cornering and Mrs. Smith looked up from her label-pasting. "Why, that's no story at all," the latter declared. "Why, no," echoed Phoebe; "that's no story that's just everyday happenings. I don't see what's the use putting things like that in books. I'll bet any money that lady what wrote it knew all them boys and girls.
He told me I wasn't charging enough, and that he'd pay three cents for it. "I'll be dogged if you will," said John. "I'm cornering that apple, and I'll meet you. I'll give four." "All right," I said. "I'm in business to make money. I'm not charging for worth, but for want. The one who wants it most will pay most. It can go at four." "No, it can't!" said Roper. His father is rich, too.
The woman led us to a pew cornering on one of the side-aisles, and, telling us that it used to be Burns's family pew, showed us his seat, which is in the corner by the aisle. It is so situated, that a sturdy pillar hid him from the pulpit, and from the minister's eye; "for Robin was no great friends with the ministers," said she.
Small wonder that Cressler laughed at the thought of cornering wheat, and even now as Jadwin crossed Jackson Street, on his way to his broker's office on the lower floor of the Board of Trade Building, he noted the ebb and flow that issued from its doors, and remembered the huge river of wheat that rolled through this place from the farms of Iowa and ranches of Dakota to the mills and bakeshops of Europe.
Carefully controlling my voice so that no trace of malice should be detected in it, I replied: "I took these papers off Mr. Pollard's table a moment before I came to you, and the parts I have read are the parts he had marked, with the intention of reading them to you himself." I thought I had J. P. cornered. It was before I learned that there was no such thing as cornering J. P.
The small mills had not been able to buy cotton when it was low because Cresswell was cornering it in the name of the Farmers' League; now that it was high they could not afford to, and many surrendered to the trust. "Next thing," wrote Taylor to Easterly, "is to reduce cost of production. Too much goes in wages. Gradually transfer mills South."
I may say, however, that $20 an acre is about the average price of the average land. I had an option on a three hundred and sixty acre farm cornering the corporation limits of the County Seat for $30 an acre, and all agreed that the farm was above the average in quality.
In the end the corner results in loss. Cornering on the part of workingmen is not a bit worse than cornering on the part of great financiers; in both cases alike it is as odious as anything can be, which is not actually criminal; but depend upon it a bad time is coming for corners of all kinds. I speak of the community as the power with which the strikers really have to deal.
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