Wichita eagle. [volume] (Wichita, Kan.) 1886-1890, 1888-08-16
A NEAT SCHEME.

their vacations. and the ticker moved in a
ftful way, betokening TO the initiated that
about all the activity there was depended on
couple Of hundred perspiring and shouting
mortak who pass by the name OF room
traders" As these gentlemen, however,
under such circumstances usually engage in
transactions which may aptly De compared
10 swapping jackets, il can be understood
that there was little in the condition Of tho
market TO crafty those brokers who depend
upon public patronage for their commissions
and proftS
Mr. Frank Saffron accordingly sat in his
front Office, and though outwardly philosoph-
ical IN appearance and conversation, chafed
inwardly over the fact that he had moth
Ing to DO. Not an order had reached him in
several days he had wandered disconso-
lately over to the board only 70 find the
TRADERS" Aforesaid ''scah1ing" one another
for Fights, and coming back TO his Office,
found no better employment than reading the
newspaper. Il might be remarked that IN
der ordinary circumstances Mr.. Safron's
yearly profits averaged upward OF $50, 600,
but ne nevertheless found himself Ineditating
as TO whether he should reduce expenses by
giving up his yacht or his horses.
This melancholy train Of thought was how
aver averted by the opening Of the office door,
and the entrance Of g stranger. He was q
man Of tall stature and powerful frame. and
q pair OF keen blue eyes, and hair and side
whiskers which, originally brown, seemed to
have become prematurely gray. He was at
tired, though the weather was quite warm
in sd III fitting, double breasted frock coat Of
dark material and wore on his head a felt
hat with high crown and broad briu, his
general appearance corresponding, as Mr..
Saffron noted, to that Of q prosperous west
eru business man.
SIS this Mr.. Safronl" said the stranger, in
loud, hearty voice.
That is my nane,r replied Saffron, rising
An old friend Of yours" resumed the
stranger, "a Mr. Halstead, who lives out
our way, recommended me TO you My name
is Coit-Homer y Colt, Of Omaha
Glad TO know you, Mr.. Coit,n said Sa-
frog, taking the strangers outstretched hand
and remembering the former client whose
name was mentioned, and who, having come
to grief in the market, had followed the sage
advice about going west What can l do
for your
We'll, was the reply, 81 am here in New
York partly for business and partly for
way, and there are some big contracts TO be
let here, SO an looking after them. Now
I've always wanted 10 try my hand at stocks,
and as Halstead spoke so well Of you, I
thought I'd come down and put up little
money, and see If 1 couldn't knock my e1-
penses out Of this game Of yours. What's tho
ante, anyway
Under ordinary circumstances Saffron
I'll Il
cation of prospective customer He was,
however, somewhat taken bv the vesterner's
frank, hearty manner, and remarked. as the
latter drew pocketbook from the breast Of
his coat, that the custom of the street was for
the deposit OF margin equal TO 10 per cent on
the par value OF the stocks carried for & Gus
toner's account.
That's au right said Mr.. Colt, unfold
inC roll Of bills, which Saffron could see
were OF large determinations. Here's a.
600 in currency. You see 1 expected 10 be
moving around between here and Boston,
and Philadelphia, and not caring 20 be both
cred with bank drafts, brought the stuff with
me. By the way" added he, perhaps 1t is
dangerous for me 70 carry lot of loose
money around with me. Can't put it all
up with you and have you check it to me as
! want anyE'
Saffron saw no objection TO this, and NJ.
Colt accordingly transferred about a thou
sand dollars more into the hands of lis
banker, and, replacing bis pocketbOok in its
place with q sigh Of relief, proceeded TO ask
what could be done in the market.
Now, although dullness reigned through
Wall street, there were some stocks which
Saffron thought might in little while Yield
. fair return 60 patient Spectator, and
Mr. Colt accepted his advice: be stfoiled over
70 the exchange, and bought few hundred
OF the shares 10 question for the former, after
which the westerner, who had given quiet
uptown hotel as his address, took his depart
IRE.
A week or 50 passed, during which
tie market became more active, and
prices underwent a decided advance, the
stock in which Mr. Homer " Colts
margin was invested sharing in the
rise to the extent Of four or five points,
thus tustifying SafronS opinion Of il Ccit
had neither been seen nor heard from, but
one morning he made bis appearance, e1-
planning thst be had taken run over to Bos-
ton on business connected with his lumber
contracts He YVES pleased with the success
CT his speculation. and at once agreed with
Safroas advice to take his profits, which
amounted TO nearly 81 500. and TO sell few
hundred shares OF another stock II which
Mr.. Saffron anticipated there would be de-
cline.
u think said the westerner, when this
was done, Il had better have little money,
as my cash is running low. Suppose you
give ne hundred ard fftv."
Why, certainly said Saffron; give Mr..
Colt check, Wilson
A few moments later S2fron's chief clerk,
Mr.. Wilson, handed Colt check for the
amount in question drawn 20 his own order
on the National Bank Of tie New Neither
lands, with the remark that if he would IT,
dorse il they would send 70 the bank and Get
him tie amount in currency.
Suppose you let ne 80 with the rlessoa-
ger and have him identity ne at your bank"
said Colt, ar-.essIy. II shall keep yen draw
ing checks for ne al tie time, and il can
get them cashed it viii save you trouble"
Wilson saw 10 harm IL this Arrangement.
and so Colt accompanied clerk 70 tie Bank
of the New Netherlands, al was introduced
70 the pairing teller Of that institution rs Mr.
Homer y. Colt, in whose favor the check
was drawn, and accordingly obtained his
nio1sy.
For some time Coas was a frequen. visitor
at Safron;s oslce. spanning sufficient tine OF
each occasion % make himself familiar with
the 0fics and al its occupants, - whom b,
hearty western WAYS afforded moro or iex
pnusrnens He made frequent use Of the
n the Office to communicate with
parties with whom he said be WIS negotia-
ting Il regard TO bis humber contracts At
the same tine MS specuiaJiols progressed
e. rorahlv On shs uhoie he SHOWED hirnsslt !