# Radio Boys Cronies/Chapter XXII

"At twenty-two," the lecturer continued, "while Edison was with the Gold and Stock Telegraph Company, he often heard Jay Gould and 'Jim' Fisk, the great Wall Street operators of that day, talk over the money market. At night he ate his lunches in the coffee-house in Printing House Square, where he used to meet Henry J. Raymond, founder of _The New York Times_, Horace Greeley of the _Tribune_ and James Gordon Bennett of the _Herald_, the greatest trio of journalists in the world. One of the most memorable remarks made by a frequenter of this night lunch, as recorded by Mr. Edison was:
"'This is a great place; a plate of cakes, a cup of coffee, and a Russian bath, all for ten cents!'
"The so-called bath was on account of the heat of the crowded room.
"Mr. Edison tells this story of the terrible panic in Wall Street, in September, 1869, brought on chiefly by the attempt of Jay Gould and his associates to corner the gold market:
"'On Black Friday we had a rather exciting time with our indicators. The Gould and Fisk crowd had cornered the gold and had run up the quotations faster than the indicator could record them. In the morning it was quoting 150 premium while Gould's agents were bidding 165 for five millions or less.
"'There was intense excitement. Broad and other streets in the Wall Street district were crammed with crazy crowds. In the midst of the excitement, Speyer, another large operator, became so insane that it took five men to hold him. I sat on the roof of a Western Union booth and watched the surging multitudes.
"'A Western Union man I knew came up and said to me: "Shake hands, Edison. We're all right. We haven't got a cent to lose."'
"After the company with which our young inventor was connected had sold out its inventions and improvements to the Gold and Stock Telegraph Company, Mr. Edison produced a machine to print gold quotations instead of merely indicating them. The attention of the president of the Gold and Stock Company was attracted to the success of the wonderful young inventor.
"Edison had produced quite a number of inventions. One of these was the special ticker which was used many years in other large cities, because it was so simple that it could be operated by men less expert than the operators in New York. It was used also on the London Stock Exchange.
"After he had gotten up a good many inventions and taken out patents for them, the president of the big company came to see him and was shown a simple device to regulate tickers that had been printing figures wrong. This thing saved a good deal of labor to a large number of men, and prevented trouble for the broker himself. It impressed the president so much that he invited Edison into his private office and said, in a stage whisper:
"'Young man, I would like to settle with you for your inventions here. How much do you want for them?"
"Edison had thought it all over and had come to the conclusion that, on account of the hard night-and-day work he had been doing, he really ought to have five thousand dollars, but he would be glad to settle for three thousand, if they thought five thousand was too much. But when asked point-blank, he hadn't the courage to name either sum--thousands looked large to him then--so he hesitated a bit and said:
"'Well, General, suppose _you_ make _me_ an offer.'
"'All right,' said the president. 'How would forty thousand dollars strike you?'
"Young Edison came as near fainting then as he ever did in his life. He was afraid the 'General' would hear his heart thump, but he said quietly that he thought that amount was just about right. A contract was drawn up which Edison signed without reading.
"Forty thousand dollars was written in the first check Thomas A. Edison ever received. With throbbing heart and trembling fingers he took it to the bank and handed it in to the paying teller, who looked at it disapprovingly and passed it back, saying something the young inventor could not hear because of his deafness. Thinking he had been cheated, Edison went out of the bank, as he said, 'to let the cold sweat evaporate.'
"Then he hurried back to the president and demanded to know what it all meant. The president and his secretary laughed at the green youth's needless fears and explained that the teller had probably told him to write his name on the back of the check. They not only showed him how to endorse it, but sent a clerk to the bank to identify him--because of the large amount of money to be paid over.
"Just for a joke on the 'jay,' the teller gave him the whole forty thousand dollars in ten- and twenty-dollar bills. Edison gravely stowed away the money till he had filled all his pockets including those in his overcoat. He sat up all night in his room in Newark, in fear and trembling, lest he be robbed. The president laughed next day but said that joke had gone far enough; then he showed Thomas A. Edison how to open his first bank account."
Again the lecturer's voice ceased to be heard; again another voice announced that the fourth talk would be given on a certain date a few days later. A negro song with banjo accompaniment followed and the radio entertainment was over.
Everyone was talking, laughing and voicing pleasure in the increasingly wonderful demonstration of getting sounds out of the air, from hundreds of miles away. Only Gus and Bill remained and the two--as Billy always referred to their confabs--went into "executive session." This radio receiver was altogether absorbing, much too attractive to let alone easily. The boys were proud of their very successful construction and they could neither forget that fact, nor pass up the delight of listening in.
This time Gus had the first inspiration. Billy often thought how, sometimes strangely or by chance or correct steering, his chum seemed to grasp the deeper matters of detection. Gus eagerly acknowledged Bill as possessing a genius for mechanical construction and invention, without which the comrades would get nowhere in such efforts, even admitting Gus's skill and cleverness with tools. But when it came to having hunches and good luck concerning matters of human mystery, Gus was the king pin.
"I'm going to see what else we can get from near or far," Gus said, detaching the horn and using the head clamp with its two ear 'phones which had been added to the set. He sat down and began moving the switch arms, one from contact to contact, the other throughout the entire range of its contacts at each movement of the first, and proceeding thus slowly for some minutes.
Bill had turned to the study of his Morse code, which the boys had taken up and pursued at every opportunity during the building of the radio sets. Gus, however, was less familiar with the dots and dashes. A whisper, as though Gus were afraid the sound of his voice would disturb the electric waves, suddenly switched Bill's attention.
"Two dots, three dots, two dots, one dash, one dot and dash, one dot, one dash and two dots, same, dot, dash, dot, two dots, two dashes and dot, four dots, one dash, two dots, two dashes, two dots." A pause. Gus had whispered each signal to Bill; then he asked: "What do you make it?"
"I make it: 'Is it all right, then?' They have been talking some time, I guess," said Bill; and added: "That's a good way to pick up and wrestle with the code; it's dandy practice and we want--"
"Wait, pal, wait!" gasped Gus, bending forward again.
Words came now, instead of the code. It was evident that the person giving them out had sought authority for so doing from headquarters.
Gus heard:
"This is to whom it may concern: Five hundred dollars' reward is to be paid for information leading to the arrest of a party who last night broke into the home of Nathan R. Hallowell. After deliberately and, without apparent cause, shooting and badly wounding Mrs. Hallowell and striking down an old servant woman, he stole several hundred dollars' worth of jewels and silverware. Both the servant, who kept her wits about her, and Mrs. Hallowell, who is now out of danger, have described the assailant. He is about eighteen, of medium height, slender, dark complexioned, one eye noticeably smaller than the other, nose long and pointed, has a nervous habit of twitching his shoulder. He wore a light brown suit and a gray cap. Send all information, or broadcast same to Police Headquarters, Willstown. Immediate detention of any reasonable suspect is recommended."
Gus wheeled about.
"Bill, it's Thad! Description hits him exactly and there's five hundred reward. He's done a house-breaking stunt and tried to kill two people and I don't believe they've got him yet. Mr. Hooper wouldn't want us to keep quiet on this; would he?"
"It might be a good idea to talk to Mrs. Hooper and Grace about it before you inform on Thad," Bill said.
"I'll do that," Gus agreed and was off. In half an hour he was back again.
"I saw them, late as it was. Grace and Skeets were playing crokinole and Mrs. Hooper came down. And, what do you think? Mr. Hooper wrote that Thad had forged his name on a check for several hundred dollars and got away with it and, even if he did still want to shield Thad, the law wouldn't let him. Grace says Thad ought to be caught and punished and that her father will want it done."
"But Gus, even if you got Willstown on the long distance 'phone, how would that help to----"
"We'll get them later; after we have located Thad."
"Oh, Gus, do you think Ben Shultz was dreaming?"
"When he said he saw Thad out there in the barren ground woods by the old cabin? Not a bit of it! It's the last place they'd ever think of looking for him--right on his uncle's place. Thad is pretty keen in some ways. But I doubt if he'll stay there long. He'll be pulling out for the mountains. There's a late moon to-night, you see."
"I wish I could go with you; this old leg--"
"Never mind now; don't worry. I'll take Bennie Shultz and make him messenger. If Thad's there you can get down to the drug store and call Willstown. That'll make our case sure. By cracky, old scout, five hundred! We can--"
"Chickens, old man; chickens. Hatch 'em first. But you will, I'll bet, and it will be yours; not--"
"What are you talking about? Ours! It's as much your job as mine. Divy-divy, half'n'half, fifty-fifty. Well, I'm off."