The roars of laughter and applause with which this effusion of vaudeville genius was greeted, showed the cheerful spirit in which the public took the affair. No harm seemed to have come to the "ignorant masses" yet.
But the next morning there was a suspicious change in the popular mind. People were surprised to see new posters in place of the old ones, more lurid in letters and language than the original. The morning papers had columns of description and comment, and some of them seemed disposed to treat the prophet and his prediction with a certain degree of seriousness.
The savants who had been interviewed overnight, did not talk very convincingly, and made the mistake of flinging contempt on both Cosmo and "the gullible public."
Naturally, the public wouldn't stand for that, and the pendulum of opinion began to swing the other way. Cosmo helped his cause by sending to every newspaper a carefully prepared statement of his observations and calculations, in which he spoke with such force of conviction that few could read his words without feeling a thrill of apprehensive uncertainty. This was strengthened by published dispatches which showed that he had forwarded his warnings to all the well-known scientific bodies of the world, which, while decrying them, made no effective response.
And then came a note of positive alarm in a double-leaded bulletin from the new observatory at Mount McKinley, which affirmed that during the preceding night a singular obscurity had been suspected in the northern sky, seeming to veil many stars below the twelfth magnitude. It was added that the phenomenon was unprecedented, but that the observation was both difficult and uncertain.
Nowhere was the atmosphere of doubt and mystery, which now began to hang over the public, so remarkable as in Wall Street. The sensitive currents there responded like electric waves to the new influence, and, to the dismay of hard-headed observers, the market dropped as if it had been hit with a sledge-hammer. Stocks went down five, ten, in some cases twenty points in as many minutes.
The speculative issues slid down like wheat into a bin when the chutes are opened. Nobody could trace the exact origin of the movement, but selling-orders came tumbling in until there was a veritable panic.
From London, Paris, Berlin, Vienna, St. Petersburg, flashed dispatches announcing that the same unreasonable slump had manifested itself there, and all united in holding Cosmo Versál solely responsible for the foolish break in prices. Leaders of finance rushed to the exchanges trying by arguments and expostulations to arrest the downfall, but in vain.
In the afternoon, however, reason partially resumed its sway; then a quick recovery was felt, and many who had rushed to sell all they had, found cause to regret their precipitancy. The next day all was on the mend, as far as the stock market was concerned, but among the people at large the poison of awakened credulity continued to spread, nourished by fresh announcements from the fountain head.
Cosmo issued another statement to the effect that he had perfected plans for an ark of safety, which he would begin at once to construct in the neighborhood of New York, and he not only offered freely to give his plans to any who wished to commence construction on their own account, but he urged them, in the name of Heaven, to lose no time. This produced a prodigious effect, and multitudes began to be infected with a nameless fear.