Sacramento daily record-union. [volume] (Sacramento [Calif.]) 1875-1891, 1881-01-15
WRITTEN
The Ventures and Adventures Of Charlie Gould;
ROMANCE OF THE STOCK MARKET.
/ WRITTEN FOR THE REcoRD-UNIoN.l
BY EDWARD F. cAHILL.

gave me a quiet hint as to what was brew
ing. He is under obligations to me, and
ne is well in with the Old Judge crowd !;
in fact they do nothing without his assist
ance and advice. You must know your
self that he is the real head of the firm.
Steams is merely the ornamental figure
head, to act as a decoy for the servant
girls and BARRIERS. 7"
elf it is so good thing, as you say, we
could buy quite nice little block of the
stock with $780," said Charlie, reflective
ly. eve can't lose anything, either, for
they won't go any lower, guess, and we
can always get our money for them"
''They will go a shade lower yet, or [
am mistaken. ;" said Dawlish. elf you
ask my advice, l would say, wait until
they go down to three dollars a share, and
then pile in. Five hundred dollars would
give us, if you want to 90 in partnership
let me see, about one hundred and fifty
shares in all, after paying the assessment
of fifty cents That, of course, includes
the twenty-five shares you hold. You
would, l suppose, cancel that note of
mine ?"
g Well, 1 don't know why I should %
said Charlie. 81 am only to have half
the profits of the venture"
"Half of those twenty-five shares will
be worth more than your hundred dollars
inside OF thirty days; and, surely, the in
formation 1 am giving you is worth more
than fifty dollars.
He didnot touch upon the fact that, with
out Charles assistance and the use OF his
name, it would be impossible to raise the
necessary capital for the start. He knew
that his credit wouldnot bear close scrutiny.
while Charlie, holding a reasonably good
position, without extravagant habits, and
with a fathers backing as q last resort,
would not have mucl difficulty in obtain
ing the amount proposed, in those days of
plentiful money and easy loans. Charlie,
however, although these things were clear
" enough present to his mind, was too
generous, and, perhaps, too easy IN dis
position to make that use of them which he
might. He shrank from driving hard
bargain with friend who was doing him
a service, and, after some demur, he con-
sented to what the other proposed. Finally,
it was settled that all business, so far as
outsiders were concerned, should be done
by Dawlish and in his name, and that
Charlie should hold the certificates in his
possession as security.
The following day Dawlish met Charlie
by appointment, and took him round to
the Office of Mr.. Harris Hart, a sleek gen.
tlemen, who sat behind writing table,
and looked as if he had been recently
dipped in oil. To casual observer he
seemed to make his living by folding his
fat hands, one over the other, as if wash
ing his hands with invisible soap in i'm
perceptible water.
''Glad to make your acquaintance, Mr..
Gould. Sit down, please. Can do any
thing for your
Mr. Dawlish and ] have been thinking
of raising a sum of $500 on our joint names,
and he tells me that you can probably
accommodate us, said Charlie, plunging
at once into the business and anxious to
get it over, for he fidgetted under the
glistening, gimblet-ike eye Of the sleek
gentleman, and, to use slang but vigor-
GUS expression, he felt cheap" at having
to beg for what might be considered a
favor
Give hundred dollars is large sum,
Mr.. Could" said the glistening Hart :;
"What security have you got to offer? :"
''Well. said Charlie, apologetically, 1
Thought the security of our joint names
would be sufficient for that amount. "
But suppose you should die, or any
thing should happen to you, Mr.. Gould,
where would l be? Perhaps you have
some collateral security which you could
place in my hands. 1t would make me
feel easier.
81 am not aware of anything of that
kind which 1 could put up" said Charlie.
"Have not you got that obligation of
Steams & Darkle which, think, you men
toned to me, suggested DawEsh.
Oh, yes, Charlie answered, but
that is scarcely negotiable, l think, and
don't much care to pledge it anyhow. ="
g You might assign your interest IN II,
subject to redemption on payment of $500
and interest on that amount to Mr.. Hart, Z"
said Dawlish
"Well, 1 suppose l might if we can't
get the money any other way, but hate
to do it"
"Have you got that paper about you -
asked Hart
81 believe I have, said Charlie, look
ing in his bill. case. g Yes, there it is,
and he handed it across the table.
90 Five hundred dollars! Ten per cent.
Hum mum see III Is KIM OF secu-
rity to these gentlemen for your honesty
in handling any sums intrusted to you. 1t
is not very eligible piece of property, or
very convertible, but 1 suppose must
take it. In fact, l always take all the
security can get, and you will understand
that no imputation is thereby thrown on
your good faith or ability to meet your en-
gagements," and, filling up printed blank,
he showed Charlie where to sign his name.
have made it payable in sixty days, at
two per cent. per month, compromising
monthly, and payable in advance. I sup
pose there will be no objection to that !?
These are the usual terms on such loans. :"
81 suppose one must pay the market
price for money as well as any other COM
modify" said Charlie, with wry face, as
he took the check for the amount, after the
deduction of one months interest.
As Dawlish predicted, Lone Jack de-
clined in couple of days to three dollars
per share; then he bought in, and Charlie
found himself the joint possessor of one
hundred and fifty crisp pieces of paper
assessment paid.