The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1889-10-20

SSSAi'NNk lIAOAAAS4he,f SOA40 eASA AOROS
only on certain contingencies.
Yet Marge, cool and prudent though he
was, took no interest whatever in securities"
that deserved their name; he devoted all his
attention to such stocks as 1uctuated wildly
stocks about which conflicting rumors, both
good and bad, came day by day, sometimes
hour by hour. He did not hesitate to inform
himself that lie was simply gambler ut the
only gentIemanly game which the law did
not make disreputabe, and that the place for
his wits and money was among the stocks
which most INDUCED in quick turns" and
to which the outside public-the great flock
of lambs-would be most attracted.
After careful survey of the market, and
several chats, apparently by chance, with al
legged authorities of the street. he determined
to confine his operations to the stock of "The
Eastern and Western Consolidated Railway
company" better known on the street and
the stock tickers' tapes as ''E. s. W." This
stock had every feature that could make any
alleged security attractive to operators, for
there was great deal of it, the company was
formed by the consolidation, under the guiss
of leasing, of the property of several other
companies, it was steadily picking up small
feeders and Incorporating them with the
BILE value, and, lastly, some of the managers
were SO brilliant, daring and INSCRIPTIONS
that startling changes in the quotations
might occur at any time at very short notice
Could gambler ask for a more promising
gamei
E 6 W. soon began to justify Marge in
his choice. For the first few days after he
yentured into it the stock crept up by frae-
owl int tb,+ Nv
promptly repurchasing Marge was able to
double his investment, "on a margin" from
his profits alone. A temporary break fright
ened him little, but on rumor that the
company was obtaining a lease OF an i'm
portant connecting link he borrowed enough
money TO buy more instead of selling, and
as-for wonder-the rumor proved true, he
realized" enough to take couple of hum
dred shares more. Success began to mani
fest itself in his countenance and his manner,
and to his great satisfaction he once heard
his name coupled with that of one of the
prominent operators in the stock.
His success had also the effect OF making
his plans more expansive and aspiring.
Should L. & w. go on as it was going, he
must within half year become quite well
off-almost rich, in fact Such being the
case, might it not be mistake for him to at
tach as much Importance as he had done to
the iron business and its possible effect upon
the dover of Miss TramlayG She was
charming girl, but money ought to marry
money, ard what would be q share of tho
forty or tifty thousand year that Tramlay
might make in 4 business which, after all,
could have but the small margin Of profit
which active competition would eilowi There
we're rich families toward whose daughters
he had not previously dared to raise his eyes,
for their heads would have demanded fuller
financial exhibit than he cared to make on the
basis Of the few thousands of dollars which
he had invested in profitable tenement honss
property. AS large holder of E. & w
his position would be different; for were not
the heads of these various families operating
in E. 81 W. thenselvesl
Little by little he lessened his attentions to
Lucia, and his visits to the house became
fewer. To Phil, who did not know the cause,
the result was quickly visible. and delight
full as well The only disquieting effect was
that Mrs. Tramlay's manner perceptibly
changed to an undesirable degree. That pru-
dent lady continued to inform her husband
that there seemed to be no movementin Hayn-
ton Bay villa plots, and that the persistency
of the young man from the country seemed
to have the effect of discouraging Mr.. Marge,
who really had some financial standing.
The change in Marge's manner Was per-
ceptible throughout the Tramlay family
Even Margie experienced sense Of relief,
and she said one evening to Lucia:
"Isn't it lovely that your old beau is so
busy in Wall street nowadaysi He doesn't
come here half as much as he used to, and
don't have to be bored by him while you're
talking to Phil You ought to fit up room
especially for me in your new house, Lu, for
rve endured n dreadful lot for your sake"
"You silly child" Lucia replied; 'you
might catch Mr.. Marge yourself if you liked
Mamma seems to want to have him in the
family"
THANK you for the If, " Margie retorted,
but don't care for husband almost old
enough to DO my grandfather. after being
accustomed to seeing u real nice, handsome
young man about the house"
HE has money" said Lucia, land that Is
what most girls are dying to marry. Papa
says he is making fortune if he is as deep
in the market as some folks say"
81 hope he is" said Margie. He ought to
have something besides wooden face, and q
bald head, and the same set of speeches and
manners for all occasions What splendid
sphinx be would make, or an old monument
Nay be lie isn't quite antique enough, but for
vivacity he isn't any moro remarkable thar
stone statue. Just think of what Phil has
saved us FRONT"
And still f. &: W went up The discovery
of valuable mineral deposits on the line OF
one of its branches sent the stock flying up
several points in single day, and soon after
ward diversion of some largo grain ship
ments from parallel line helped it still fur
Their. That the grain was carried at loss
did not trouble any one-probahly because
only the directors knew it, and it was not
their business to make such facts public. And
with each rise of the stock Marge sold out, so
as to have a larger margin with which to
operate.
At the first of the year E. & W. declared
dividend 50 large, for a security that had
been far below par, that even prudent in
vestors began to crowd to the street and buy
the stock to put into their safes. The effect
OF this was to send shares up 50 rapidly and
steadily that Marge had difficulty in repur-
chasing at the price at which he sold; but he
did so well that more than six thousand
shares now stood in his name on the books of
his broker
Six thousand shares represented about half
million dollars at the price which e. 81 W.
commanded. Marge admitted TO himself that
it did not mean so much to him, for he had
not single certificate in his pocket or any
where else. But what were stock certificates
to man who operated on q margini They
were good enough for widows and orphans
and other people incapable or unwilling to
watch the market. and who were satisfied to