“coppers” especially being the object of
attack. The market closed feverishly and the
next day the same tactics were pursued. From
the opening, on selling orders coming from no one knew
where, prices fell to nothing, a stampede followed
and before long it became a panic. Pandemonium
reigned on the floor of the Stock Exchange. White
faced, dishevelled brokers shouted and struggled like
men possessed to execute the orders of their clients.
Big financial houses, which stood to lose millions
on a falling market, rallied and by rush orders to
buy, attempted to stem the tide, but all to no purpose.
One firm after another went by the board unable to
weather the tempest, until just before closing time,
the stock ticker announced the failure of the Great
Northwestern Mining Co. The drive in the market
had been principally directed against its securities,
and after vainly endeavoring to check the bear raid,
it had been compelled to declare itself bankrupt.
It was heavily involved, assets nil, stock almost
worthless. It was probable that the creditors
would not see ten cents on the dollar. Thousands
were ruined and Judge Rossmore among them. All
the savings of a lifetime—nearly $55,000
were gone. He was practically penniless, at a
time when he needed money most. He still owned
his house in Madison Avenue, but that would have to
go to settle with his creditors. By the time
everything was paid there would only remain enough
for a modest competence. As to his salary, of
course he could not touch that so long as this accusation
was hanging over his head. And if he were impeached
it would stop altogether. The salary, therefore,
was not to be counted on. They must manage as
best they could and live more cheaply, taking a small
house somewhere in the outskirts of the city where
he could prepare his case quietly without attracting
attention.
Stott thought this was the best thing they could do
and he volunteered to relieve his friend by taking
on his own hands all the arrangements of the sale
of the house and furniture, which offer the judge
accepted only too gladly. Meantime, Mrs. Rossmore
went to Long Island to see what could be had, and she
found at the little village of Massapequa just what
they were looking for—a commodious, neatly-furnished
two-story cottage at a modest rental. Of course,
it was nothing like what they had been accustomed to,
but it was clean and comfortable, and as Mrs. Rossmore
said, rather tactlessly, beggars cannot be choosers.
Perhaps it would not be for long. Instant possession
was to be had, so deposit was paid on the spot and
a few days later the Rossmores left their mansion
on Madison Avenue and took up their residence in Massapequa,
where their advent created quite a fluster in local
social circles.