XI

954 Words

XIOccidental Steel had a bad slump in the market a few days after this, and Bertie was worried—taking a proprietary interest in the concern. She asked Dad about it, and he said it was “jist manipulation.” But right away a lot of other stocks went tumbling, including Ross Consolidated, and then Dad said there were fools who would gamble and bid stocks up, and then they had to come down. But the trouble continued to spread over the country, and there were reports of big concerns, and even banks, in trouble. There was panic in the air, and Dad and “Verne” held anxious consultations, and stopped all their development work, and laid off several hundred men; “pulling in their horns,” as Dad phrased it. There was plenty of money in the banks, Dad said, but only the big fellows had the use of it;

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