The market "came in." I did all in my power to assist in raising the price of Amalgamated.
To-day's situation is the same as that of 1901.
"Frenzied finance" stock gamblers have accumulated immense lines of Amalgamated. The same sensational rumors of a great rise to come flood Wall and State streets as in 1901. They have asked me to join in creating a wild market upon which all the Amalgamated taken in at lower prices may be turned out upon the public.
It would be millions in my pocket to assist, but——
I see the handwriting on the wall which the "frenzied financiers" of Wall Street do not yet see. It reads:
"The people will not stand plundering any longer."
And I have decided.
I advise every stockholder of Amalgamated stock to sell his holdings at once before another crash comes. Another slump may carry it to 33 again, or lower.
It may go higher, but this is no affair of mine. From the moment of the publication of this notice all those who have looked to me for advice must relieve me of further responsibility.
As the people who look to me for advice are scattered all over this country, I know of no other way than this to simultaneously notify them of what I have learned.