Rensselaer Semi-Weekly Republican, Volume 35, Number 52, Rensselaer, Jasper County, 6 March 1903 — “Watered Stock." [ARTICLE]

“Watered Stock."

The expressing “watered stock,” which describes so well the expansion of the stock o’s a company beyond the value of the property, originated. It Is said. In connection with Ddnlel Drew, who was once the wealthiest manipulator in Wall street. Drew bad boen a drover In his younger days, and It wul said of him that before Belling his cattle in the market he would first give them large quantities of salt to make them thirsty, nnd then provide them with all the water they could drink. In this way their weight was greatly Increased, a id the purchaser was buylfig “water*! stock.” —Leslie's Weekly.