MARKET MANIPULATION 107 



can recall every coin was recovered. The crowd 

 understood and a ring was instantly formed leav- 

 ing within its circle every coin on sidewalk or 

 street. Sometimes scattered coins were kicked 

 toward the center, but if any one stooped to pick 

 up a piece a savage warning from the rest of the 

 circle straightened him up. The boy with the 

 gold knelt on the sidewalk tossing into his hat 

 the coins as he gathered them up. Sometimes 

 he responded with a nod to the voice of a friend 

 in the crowd and thereafter there were two at 

 work. 



Our daily receipts and deliveries of gold were 

 sometimes measured by millions and each million 

 represented the handling of two tons of gold, 

 which in dollar coins would have taken a man a 

 month to count. Gold was hurled back and 

 forth between offices, the same bags reappearing 

 at our office and at those of other large dealers 

 several times in a day. As each night the gold 

 rested in substantially the same vaults the folly 

 of the labor and risk of swinging it around the 

 circle each day is obvious. Some crude clearing 



