Bernard Baruch, Park Bench Statesman

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CHAPTER SIX

DIME novel thrills packed the night of July 3, 1898, for Bernie and his young brother Sailing. It was a quiet holiday eve on the Jersey coast, but things had been happening down off the southern coast of Cuba. The United States fleet had sunk the entire Spanish fleet, which had been bottled up in Santiago harbor. Not even a destroyer had escaped. Spain had no navy left. She could not reinforce her garrison in Cuba. It meant the war was virtually over, and it meant a boom in the stock market.

There was no radio. Hardly anybody knew about it. A news­ paperman, Harry Alloway, ran into Arthur Housman, Baruch's senior partner, at Long Branch, and told him of the American victory. Next day was Monday, but the stock exchange would be closed because of the July 4 holiday. The London exchange, how­ ever, would be open before daylight in New York.

It was imperative, Housman and Baruch knew, to get on the cable to London and make purchases that would take advantage of the certain spurt in stocks on the New York exchange when it should open on Tuesday. No regular trains were running at that hour from Long Branch to New York.

So they hired a locomotive and tender to take them-- Housman, Bernie, and Sailing, the latter taken to give the little fellow a thrill and on the slight possibility that he might be useful--from Long Branch to Jersey City.

-45-

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