Bank；　and　other　institutions；　immense　crowds　were　beginning　to　form。　　They　were　hurrying　here　to　learn　the　trouble；　to　withdraw　their　deposits；　to　protect　their　interests　generally。　　A　policeman　arrested　a　boy　for　calling　out　the　failure　of　Jay　Cooke　&　Co。；　but　nevertheless　the　news　of　the　great　disaster　was　spreading　like　wild…fire。
  Among　these　panic…struck　men　Cowperwood　was　perfectly　calm；　deadly　cold；　the　same　Cowperwood　who　had　pegged　solemnly　at　his　ten　chairs　each　day　in　prison；　who　had　baited　his　traps　for　rats；　and　worked　in　the　little　garden　allotted　him　in　utter　silence　and　loneliness。　Now　he　was　vigorous　and　energetic。　　He　had　been　just　sufficiently　about　this　exchange　floor　once　more　to　have　made　his　personality　impressive　and　distinguished。　　He　forced　his　way　into　the　center　of　swirling　crowds　of　men　already　shouting　themselves　hoarse；　offering　whatever　was　being　offered　in　quantities　which　were　astonishing；　and　at　prices　which　allured　the　few　who　were　anxious　to　make　money　out　of　the　tumbling　prices　to　buy。　　New　York　Central　had　been　standing　at　104　7/8　when　the　failure　was　announced；　Rhode　Island　at　108　7/8；　Western　Union　at　92　1/2；　Wabash　at　70　1/4；　Panama　at　117　3/8；　Central　Pacific　at　99　5/8；　St。　Paul　at　51；　Hannibal　&　St。　Joseph　at　48；　Northwestern　at　63；　Union　Pacific　at　26　3/4；　Ohio　and　Mississippi　at　38　3/4。　　Cowperwood's　house　had　scarcely　any　of　the　stocks　on　hand。　　They　were　not　carrying　them　for　any　customers；　and　yet　he　sold；　sold；　sold；　to　whoever　would　take；　at　prices　which　he　felt　sure　would　inspire　them。
  〃Five　thousand　of　New　York　Central　at　ninety…nine；　ninety…eight；　ninety…seven；　ninety…six；　ninety…five；　ninety…four；　ninety…three；　ninety…two；　ninety…one；　ninety；　eighty…nine；〃　you　might　have　heard　him　call；　and　when　his　sales　were　not　sufficiently　brisk　he　would　turn　to　something　elseRock　Island；　Panama；　Central　Pacific；　Western　Union；　Northwestern；　Union　Pacific。　　He　saw　his　brother　and　Wingate　hurrying　in；　and　stopped　in　his　work　long　enough　to　instruct　them。　　〃Sell　everything　you　can；〃　he　cautioned　them　quietly；　〃at　fifteen　points　off　if　you　have　tono　lower　than　that　nowand　buy　all　you　can　below　it。　　Ed；　you　see　if　you　cannot　buy　up　some　local　street…railways　at　fifteen　off。　　Joe；　you　stay　near　me　and　buy　when　I　tell　you。〃
  The　secretary　of　the　board　appeared　on　his　little　platform。
  〃E。　W。　Clark　&　Company；〃　he　announced；　at　one…thirty；　〃have　just　closed　their　doors。〃
  〃Tighe　&　Company；〃　he　called　at　one…forty…five；　〃announce　that　they　are　compelled　to　suspend。〃
  〃The　First　National　Bank　of　Philadelphia；〃　he　called；　at　two　o'clock；　〃begs　to　state　that　it　cannot　at　present　meet　its　obligations。〃
  After　each　announcement；　always；　as　in　the　past；　when　the　gong　had　compelled　silence；　the　crowd　broke　into　an　ominous　〃Aw；　aw；　aw。〃
  〃Tighe　&　Company；〃　thought　Cowperwood；　for　a　single　second；　when　he　heard　it。　　〃There's　an　end　of　him。〃　　And　then　he　returned　to　his　task。
  When　the　time　for　closing　came；　his　coat　torn；　his　collar　twisted　loose；　his　necktie　ripped；　his　hat　lost；　he　emerged　sane；　quiet；　steady…mannered。
  〃Well；　Ed；〃　he　inquired；　meeting　his　brother；　〃how'd　you　make　out？〃　The　latter　was　equally　torn；　scratched；　exhausted。
  〃Christ；〃　he　replied；　tugging　at　his　sleeves；　〃I　never　saw　such　a　place　as　this。　　They　almost　tore　my　clothes　off。〃
  〃Buy　any　local　street…railways？〃
  〃About　five　thousand　shares。〃
  〃We'd　better　go　down　to　Green's；〃　Frank　observed；　referring　to　the　lobby　of　the　principal　hotel。　　〃We're　not　through　yet。　　There'll　be　more　trading　there。〃
  He　led　the　way　to　find　Wingate　and　his　brother　Joe；　and　together　they　were　off；　figuring　up　some　of　the　larger　phases　of　their　purchases　and　sales　as　they　went。
  And；　as　he　predicted；　the　excitement　did　not　end　with　the　coming　of　the　night。　　The　crowd　lingered　in　front　of　Jay　Cooke　&　Co。's　on　Third　Street　and　in　front　of　other　institutions；　waiting　apparently　for　some　development　which　would　be　favorable　to　them。　For　the　initiated　the　center　of　debate　and　agitation　was　Green's　Hotel；　where　on　the　evening　of　the　eighteenth　the　lobby　and　corridors　were　crowded　with　bankers；　brokers；　and　speculators。　　The　stock　exchange　had　practically　adjourned　to　that　hotel　en　masse。　　What　of　the　morrow？　Who　would　be　the　next　to　fail？　From　whence　would　money　be　forthcoming？　These　were　the　topics　from　each　mind　and　upon　each　tongue。　　From　New　York　was　coming　momentarily　more　news　of　disaster。　　Over　there　banks　and　trust　companies　were　falling　like　trees　in　a　hurricane。　　Cowperwood　in　his　perambulations；　seeing　what　he　could　see　and　hearing　what　he　could　hear；　reaching　understandings　which　were　against　the　rules　of　the　exchange；　but　which　were　nevertheless　in　accord　with　what　every　other　person　was　doing；　saw　about　him　men　known　to　him　as　agents　of　Mollenhauer　and　Simpson；　and　congratulated　himself　that　he　would　have　something　to　collect　from　them　before　the　week　was　over。　　He　might　not　own　a　street…railway；　but　he　would　have　the　means　to。　　He　learned　from　hearsay；　and　information　which　had　been　received　from　New　York　and　elsewhere；　that　things　were　as　bad　as　they　could　be；　and　that　there　was　no　hope　for　those　who　expected　a　speedy　return　of　normal　conditions。　　No　thought　of　retiring　for　the　night　entered　until　the　last　man　was　gone。　　It　was　then　practically　morning。
  The　next　day　was　Friday；　and　suggested　many　ominous　things。　　Would　it　be　another　Black　Friday？　Cowperwood　was　at　his　office　before　the　street　was　fairly　awake。　　He　figured　out　his　program　for　the　day　to　a　nicety；　feeling　strangely　different　from　the　way　he　had　felt　two　years　before　when　the　conditions　were　not　dissimilar。　Yesterday；　in　spite　of　the　sudden　onslaught；　he　had　made　one　hundred　and　fifty　thousand　dollars；　and　he　expected　to　make　as　much；　if　not　more；　to…day。　　There　was　no　telling　what　he　could　make；　he　thought；　if　he　could　only　keep　his　small　organization　in　perfect　trim　and　get　his　assistants　to　follow　his　orders　exactly。　Ruin　for　others　began　early　with　the　suspension　of　Fisk　&　Hatch；　Jay　Cooke's　faithful　lieutenants　during　the　Civil　War。　　They　had　calls　upon　them　for　one　million　five　hundred　thousand　dollars　in　the　first　fifteen　minutes　after　opening　the　doors；　and　at　once　closed　them　again；　the　failure　being　ascribed　to　Collis　P。　Huntington's　Central　Pacific　Railroad　and　the　Chesapeake　&　Ohio。　　There　was　a　long…continued　run　on　the　Fidelity　Trust　Company。　　News　of　these　facts；　and　of　failures　in　New　York　posted　on　'change；　strengthened　the　cause　Cowperwood　was　so　much　interested　in；　for　he　was　selling　as　high　as　he　could　and　buying　as　low　as　he　could　on　a　constantly　sinking　scale。　　By　twelve　o'clock　he　figured　with　his　assistants　that　he　had　cleared　one　hundred　thousand　dollars；　and　by　three　o'clock　he　had　two　hundred　thousand　dollars　more。　　That　afternoon　between　three　and　seven　he　spent　adjusting　his　trades；　and　between　seven　and　one　in　the　morning；　without　anything　to　eat；　in　gathering　as　much　additional　information　as　he　could　and　laying　his　plans　for　the　future。　　Saturday　morning　came；　and　he　repeated　his　performance　of　the　day　before；　following　it　up　with　adjustments　on　Sunday　and　heavy　trading　on　Monday。　　By　Monday　afternoon　at　three　o'clock　he　figured　that；　all　losses　and　uncertainties　to　one　side；　he　was　once　more　a　millionaire；　and　that　now　his　future　lay　clear　and　straight　before　him。
  As　he　sat　at　his　desk　late　that　afternoon　in　his　office　looking　out　into　Third　Street；　where　a　hurrying　of　brokers；　messengers；　and　anxious　depositors　still　maintained；　he　had　the　feeling　that　so　far　as　Philadelphia　and　the　life　here　was　concerned；　his　day　and　its　day　with　him　was　over。　　He　did　not　care　anything　about　the　brokerage　business　here　any　more　or　anywhere。　　Failures　such　as　this；　and　disasters　such　as　the　Chicago　fire；　that　had　overtaken　him　two　years　before；　had　cured　him　of　all　love　of　the　stock　exchange　and　all　feeling　for　Philadelphia。　　He　had　been　very　unhappy　here　in　spite　of　all　his　previous　happiness；　and　his　experience　as　a　convict　had　made；　him；　he　could　see　quite　plainly；　unacceptable　to　the　element　with　whom　he　had　once　hoped　to　associate。　There　was　nothing　else　to　do；　now　that　he　had　reestablished　himself　as　a　Philadelphia　business　man　and　been　pardoned　for　an　offense　which　he　hoped　to　make　people　believe　he　had　never　committed；　but　to　leave　Philadelphia　to　seek　a　new　world。
  〃If　I　get　out　of　this　safely；〃　he　said　to　himself；　〃this　is　the　end。　　I　am　going　West；　and　going　into　some　other　line　of　business。〃　He　thought　of　street…railways；　land　speculation；　some　great　manufacturing　project　of　some　kind；　even　mining；　on　a　legitimate　basis。
  〃I　have　had　my　lesson；〃　he　said　to　himself；　finally　getting　up　and　preparing　to　leave。　　〃I　am　as　rich　as　I　was；　and　only　a　little　older。　　They　caught　me　once；　but　they　will　not　catch　me　again。〃　He　talked　to　Wingate　about　following　up　the　campaign　on　the　lines　in　which　he　had　started；　and　he　himself　intended　to　follow　it　up　with　great　energy；　but　all　the　while　his　mind　was　running　with　this　one　rich　thought：　〃I　am　a　millionaire。　　I　am　a　free　man。　　I　am　only　thirty…six；　and　my　future　is　all　before　me。〃
  It　was　with　this　thought　that　he　went　to　visit　Aileen；　and　to　plan　for　the　future。
  It　was　only