The Cincinnati daily star. [volume] ([Cincinnati, Ohio]) 1875-1880, 1879-11-26

shares went up again. On the morning
of the 18th, three days before the SET
tling-day, received the following letter
from Messrs. Script & Bond:
! "Capel-court.
\ "Dear rSir-Referring TO your esteemed
order of the Sth ult, we would remind
you that the shares we then sold for you
should be delivered here by Wednesday
morning. We presume you will have
them ready for delivery. We are, dear
sir, your obedient servants.
| "SCRIPT & BOND"
Having never possessed single share,
of course had none to deliver. so in a
fright | took the letter round to 7.
"That's only their way" he said, "of
reminding you that you must settle up.
They know very well you can't deliver"
"But what's to be donef said; show
am l to settle up! The shares are higher
to-day than they have been yet"
/ "rhey always rally just before Settling
day." he said.
/ began to lose patience. 'They are
always doing something, but never the
right thing" l said.
But T. soothed my rufled spirit; he
put his hand on my shoulder, and said,
'That the shares will go down / am as
positive as l stand here. We may have
sold too soon; but what we must do now
is to settle this account, and as soon as
the settling-day is over sell again for the
next account but one"
c. Il 10
) Script & Bonds office, where, instead of
receiving, | had to pay the difference
caused by having to buy in at the higher
value of the shares.
Two or three days after ] went round
to see T. again. He was very sanguine.
} He had heard from America that the
pamphlet had been well received.
. "You need have no fear now about
f; selling" he said; 81 expect in day OF
two the prices from New York will be
verv different"
: Emboldened by his manner 1 volun-
teered to 90 and give the orders myself
Y both on my account and his Messrs
4 Script & Bond received me very affably
T as they had found, | suppose, that | had
| paid up all right. l told them my bust
9 ness. ..
Y "Let me see," said Script, "your last
were the preference shares, I think"
J. Not liking to appear ignorant / said
! eyes, | think they were;;" though / was
| obliged to confess to myself that did
| not know the difference between prefer
ence and ordinary. At all events, not
: knowing what was about, gave the
order to sell SO many preference. The
Y contract note was forwarded to me al
usual that evening. noticed that il
' was different from the last one, but did
: not quite understand what it was.
However, it did not trouble me very
$ much, but I took it round to T. in the
: morning. When he looked at it his face
became Mortified.
go, I'm ruined, I'm ruined" he
gasped out. "What have you donew
V It was now my turn to be alarmed.
$ ats all right" said, 'isn't it?'
$ "All right! no! Do you know what
you've done? You've sold the wrong
!, shares, and instead of twenty, they've
got down two hundred"
S "Well, I thought it was two hundred
Script & Bond seemed to think it was
all right"
"I must go round at once" said T.,
"and get them to cancel the order.
. shall lose every penny I've got if the
= shares should go up"
: T. went round and got the order can
l celled, and we were cOntented with deal
t ing in a modest way with the ordinary
t shares, "to make a small but certain
! profit" as T. observed.
y That afternoon there came Telegram
!, from America that one of the principa
n bridges of the Great Buffalo line ha(
e been burnt, and that consequently tn
# traffic was quite stopped for the time
e 1t sent down the ordinary shares about 2
| but in the course Of that week the pref
h erence shares fell from 80 to rs; so tina
= had we stuck to our original bargain W
r should have made little fortune. t.
y anguish and my disgust may be imag
it ined, and Script & Bond did not let tn
l. opportunity pass to twit me with m.
" want of pluck when / went to settle vi
l. with them for the shares 1 had deal
y with. Thinking that the ordinary share
h would certainly follow the preference il
their downward tendency, [ waited to-
e long; they rallied, and when / closed tn
+ account by the settling-day I was lose
l. once more. Ihad had enough by thi
h time Of Great Buffaloes, and / left tn
# office of Script & Bond "a sadder but
'f wiser man." T. avoided me for som
l. time after this. never heard him men
l. tion the pamphlet again, and he ha
never offered to put me up "to a goo
e thing" since my first speculation.
oa --