New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1889-10-27

with them to Miss Paynes house. Captain
Beaumont lived in an adjoining street. Ana thlO
afternoon, when our position on the STOCK EN-
change was definitely ascertained, L intended 10
take the bonds round 10 his house anu resOoie
them TO him.
The pleasure / had experienced when first
found myself freed from the consequences Oh Mf
1ompInss act had by this time worn OH consul.
erably and was succeeded by very unpleasant
feeling that was thrown on the world as a pauPSi
who had reclessly squandered ms patrim0ny,
and who had no special aptitude or utlity III me
II was nearly II o'clock when L reached GUS TX
Terrace, and us | could not be of any use IN the
CITY, and wished the worst TO be over DeIOre
returned, | stayed To lunch with Miss Payne, ana
did not get back to Tokenhouse Yard until nearly
3 o'clock.
When reached our offices passed through the
outer room quickly as | could. The crowd was
still standing about the tape, as interested ana
excited, apparently, ever. Nobody took any
notice Of me- and business seemed to be gong on a
briskly as though we were worth thousands.
suppose Tompllins has not made our position
known yet, thought, as. sat down at my ueeN'
Confound the fellow / was in hopes the *
pose would have taken place before came Dack
Why, Hopkins continued aloud, as he entered
the room as iauntily of yore, what does tins
mean Business going on rs usual" -
" And why not pray ~ asked lOmplllnS alrlly.
" But, gracious heavens. you cannot have told
the people cur position, and it was your duty to
do SO--'
/ don't know about duty. but do about ex-
pediency," interposed TompinS, and as mat.
ter of eXpedency, let me give you this piece II
advce-I am older than you are, and have seen
more OF the world than you havc-never, never let
any one know your private affairs remember that
people generally think well of you till you mnke
them think badly
oh stop this nonsense" | cried, am SICK
OF it! 1t is not honest, and am not sure that u
is not illegal to be taking peoples money at
present bankrupt as we are
TompIlinS Il Ashley bnnllrupt!7 exclaimed
Iompkns wish | heard anyone elSc say 30.
We are worth twenty thousand pounds, Sir!'
Thousand | PpDpatPu,
knowing what to understand from his speech and
manner.
" Yes, sir, twenty thousand pounds" he replied,
" and more than that, according TO my reckoning.
We sat looking at each other in silence for
few minutes, when he said
L" It's all right. Ashley. You have been away
from the City and have not heard what HIS hap
pened. New Xulus have risen 20 per cent, through
the overSod state of the account, and got out at
the top Of the rise
In the language Of tn, Stock Exchange that
what had happened. New Zulu Bonds hid
suddenly risen, got dearer, not merely in spite
OF, but to use the phrase of Carlyles. by virtue
of tEcir inherent rottenneSS. The worthlcs>n-s s.
of these bonds was apparent, that, with the eN-
ccptiOn Of TOmpkinS and few Others, everybody
had been selling them, in the hope, rs | have
previously explained Of buying them ag4a,n at
cheaper price to give to the purchasers. When the
account came to be made up, that is to say when
the buyers and sellers, or bulls and bears"
came to compare accounts with view of settling
their transactions il found that for every on,
New Zulu Bond in existence the bears" had sold
about dozen, and legally contracted to deliver
them. The bulls promptly took advantage of
the situation, and asked the g bears to kindly
deliver the bonds which they had sold and con-
tracted to deliver at that account. Tho bars
went rushing about the House" in all directions.
trying to get the bonds which they were suddenly
obliged i'm pursuance of their contracts, to de-
liver TO the bulls OF course, a. they wrre
seeking fer more bonds than were in existence,
they could not find them, pre- emily they came
back and confessed that they were cornered'
/. e. completely at the mercy Of the bulls" who
might offer any fancy price conceivable for such
Zulu Bonds did exist. ard make them, the
bears pay it, The bonds of course. at once
rose in price and Tompkins magnanimOusy con-
Sented to release certain bears from their en-
gagcments payment Of about 81 900 rounds
When the account was over we dissolved part
| nership my share of the profits from New Zulu
Bonds being Including the original 5000 pounds
capital nearly 1900 pounds. J subsequently,
became partner in firm of stockholders which
doe,-for | am still member Of it-a steader and
more lucrative business than TOmpllin~ & Ashley
did. albeit the clients are less numerous TOmp-
llinS after failing shortly afcrward on the Stock
Exchange, started as an outside broker" and
made fortune, which, for the sake of him
self and others, am clad 10 say he has retired.
About six months after | dissolved partnership
with Mr.. TompknS. ] entered into another kind
| Of partnership with Miss beaumont. Miss PAYNE
was present at the wedding, and wept prOfusely
women are accustomed tn do on such occasions
but with, perhaps more raaSOn for her tears than
most of them can assign: for | suspect that as
she watched the marriage ceremony, she saw at
the altar another Robert and Laura Ashley
,Gentleman's Magazine.