The Cecil Whig. [volume] (Elkton, Md.) 1841-current, 1886-11-20

''B. S. and W."
"les-the Barfeld, St. Barnaby ant
Waukeeshaw Railroad. 1t is standing
now at o..
GLOW am to go about it, please p
He told her.
''Dear me | shall never remember
all that. Please to write it all down
for me, will you?"
Van Stopel, still under the fascina-
ton, took out his pencil and wrote,
while Millicent sat by, expectant. She
was at his shoulder, her breath famed
his temples, and he could scarcely
write legibly, but he persevered.
ooh, thank you, SO much"
"Now,' said he, II have shown you
two ways. You can either buy at ten
days, or you can buy outright. | should
recommend the latter. You see your
margin will be 10 per cent. on the par
value, which is 100, and not on the
selling price, which is 9. Now, if you
buy at ten days, you can only get, say
about twenty-five shares, for you must
keep some back to fill up your margin
in case it falls.
Fill up my margin !''
''YeS | have explained that on the
paper. But if you buy outright you
will get twenty seven shares, for you
will have no margin to fill, and your
profits will be more. Ii you were to
put ten thousand dollars or more into
the transaction, it would be different.
Then a responsible broker, able to
carry the amount, either by his own
c,eans or through credit, would treat
the stock, which has kept uniform price
SO long, as tavorably as he would dlvi.
derd paying stock, and give you a con-
tract at 5, and possibly at 3 per cent.
With your small amount, buy the stock
outright. I'll recommend you to a re-
sponsible broker but he is one | never
do business with-a good and honor
able man, though but you must prom,
Use that you won't tell him or any one
else that | sent you"
Il promise that l won't breathe it
not even to father"
Mlllicent played the piano for him
she played fairly; and sang for him
she sang well. Van Stopel was in the
seventh heaven, and was on the verge
of proposing right then and there, but
he lacked courage. He left, however,
i'll an ecstasy of delight, but it did not
last long. He was meditating one of
his great strokes of finance and that
soon resumed possession of him to the
exclusion of everything else.
The next day, while the elder Duke
was at the factory. Frank was at the
house, note having brought him.
Milly met him, beaming.
Frank" she cried, do you want a
S1oo,ooo?'
ado l, MilIy? Font |, the worst
kind" And he told her what her
father had said.
che said the same to me, Frank.
Can you realize on that mortgage Of
yours ,"
"No, | can't, because | have. 1t
was all paid up last week, and I'm look
ing around for lew investment in one
lump if can"
\ long conversation ensued, and
Mily gave her views with great energy
and decision. Frank demurred, but fin
ally half gave way.
''Has any one given you any infor-
nation that makes you so confident %
81 promised not to tell"
MAY be old Van Stopel-"
"Ask me no more questions
'Um it is great risk after all. Sup
pose it were to keep going DOWN.
give written on this paper what you
are to do then. In fact, here are your
whole directions
"But how do YOU know-how did
you learn?'
"Ask me no more questions"
'Well, but"
Don't but me, Frank. We're not
married, and Pm your master now.
Take two hundred and fifty from me,
and put it in the pool.'
The Bsrfeld, St. Barnaby and Wau-
keeshaw was one of those railroads be
gun when everything was at paper
value, that ran tlom Barfield, which was
next tonowhere, to Waukeeshaw, whish
was about the same kind of place, with
branch to St. Ba1naby, an out of the
way spot. 1t was hundred miles long
with its branch. Other railways fought
it and refused connection it was heav-
lily mortgaged; its expenses little
overbalanced its receipts at times, and
it had stood at 9, nominal at that, for
two years. Nobody wanted it, IN fact,
at any price. That it would ever rise
seemed improbable if not impossible,
and two days after Moore had secure ed
contract at 5 per cent, and bought; at
9. buyer ten days, the stock figured at
8. Some one had found out the par
chase and was bearing. He had to ill
up and he grew frightened. He couldn't
sleep well. Milly, whose little balan ice
of fifty was drawn on, as she insisted; it
should be, was sanguine. She did Eot
believe in Van Stopel as a lover, but
she had great confidence in him as an
operator in stocks.
1t leaked out that all the leading
brokers had contracts on hand to de-
Ey.r lorue amounts of ctoct and the