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Updated: June 10, 2025
But there must be others, as he's down for only twenty-one thousand shares." "Then he's the only one," said Dumont, "for the Fanning-Smiths have only twenty-one thousand shares at the present time. I know that positively." "What!" Tavistock showed that he was astounded. "I knew James Fanning-Smith was an ass, but I never suspected him of such folly as that.
Then Rumor, released by Tavistock when Dumont saw that the crisis had arrived, ran hot foot through the Exchange, screaming into the ears of the brokers, shrieking through the telephones, howling over the telegraph wires, "A corner! A corner! Great Lakes is cornered!" Thousands besides the Fanning-Smith coterie had been gambling in Great Lakes, had sold shares they did not have.
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