The Olneyville times. (Olneyville [Providence, R.I.]) 1887-1917, 1890-01-10

Should f. d w. go on rs II was going, he
must within half year become quite well
off-almost rich, in fact Such being the
case, might u not be "A mistake for him 10 at
tach as much Importance as he had done 20
the iron business and its possible effect upon
the dover OF Miss Tramlayi Sho was a
charming girl, but money ought % marry
money, and what would be "A share Of the
forty or fifty thousand "A year that Tramlay
might make in a business which, after all,
could have but the small margin OF profit
which active competition would allowi There
were rich families toward whose daughters
he had not previously dared to raise hi, eyes,
for their heads would have demanded a fuller
financial exhibit than he cared 10 make ON tho
basis of the few thuusan Is of dollars which
he had invested in profitable tenement house
property As n large holder Of T.. W.
his position would be different, for were not
the heads OF these various families operating
In T.. a. w. themselycsi
Little by little be lcssencd his attentions 10
Lucia, and his visits 10 the house bccame
fewer. To Phil, who did not know the cause.
the result was quickly visible. aud delight
full as well The only dsquietug effect was
that Mrs. Tramlay's manner pcrcrptihly
changed 20 an undesirable degree. That pru-
dent lady continued to inform her husband
that there seemed 10 bo no movement IN llayn-
ton Bay villa plots, and that the P"raistency
OF the young man from the country seemed
10 have tho effect Of discouraging Mr.. Mnrge,
who really had some financial standing
The change in Margo's manner was per
ceptible throughout the Tramlay family
Even Margie experienced sense OF relici,
and she said one evening 10 Lucln:
"Isn't IL lovely that your old beau Is 80
IL, oil 80 t,tyuI4ygI Ils 1DpEu
come here half rs much as he used 10, aud
don't have 10 be bored by him while you're
talking 10 Phil You ought 10 Ut up room
especially for me in your new house, La, for
I've endured "A dreadful lot for your sake
"You silly child" Lucia replied, 'you
might catch Mr.. Mnrgo yourself If you liked.
Mamma seems 10 want 10 have him Ia the
family
Thank you for tho IT," Margie retortod,
"but don't care for IA husband almost old
enough 10 bc my grandfather. after being
accustomed 10 seeing real nice, handsome
young man about tho house.
"Ile has money, said Lucia "and TINT Is
what most girls are dying TO marry. Papa
says he is making IA fortune If no Is as deep
in .he market ns some folks say"
al hope he is." said Margo. "IIc ought TO
have something besides "A wooden face, and
bald head, and the samo sct Of speeches and
manners for all occasions. What splendid
sphinx he would make, or an old monument
May be he isn't quite antique enough, but for
vivacity he isn't any moro remarkable than
stone statue Just think of what Phil has
saved US frOml'
And still Il. 81 w. went up. The discovery
of valuable mineral deposits on the line Of
one OF It's branches sent the stock flying mp
Il, ,It,.ts-
ward a diversion Of some largo grain ship
ments from a parallel line helped IL slill fur
ther. That the grain Was carried at loss
did not trouble any one-probably because
only the directors know IL, and It. was not
their business 10 make such facts public. And
with each rise of the stock Margo sold cut 50
rs to have n larger margin with which TO
operate.
At the first of tho year Il. q w. declared
dividend so large, for a security that had
been far below par, that oven prudent in
vcstors began 20 crowd 10 the street aud buy
the stock 10 put into their safes. Tho effect
of this was TO send shares up 50 rapidly and
steadily that Marge had difficulty m rcpur-
chasing at the price at which he sold, hut he
did so well that more th1n six thousand
shares now stood in his name on tho books of
his broker
Six thousand shares represented about half
a million dollars ut the price which E. ~ w.
commanded Margo admitted 10 himself that
it did not mean 50 much to him, for he had
nos single certificate in his pocket or any
where else. But what were stock certificates
10 IA man who operated IN n marglni They
were good enough for widow, and orphans
and other people incapable or unwilling TO
watch the market. AMI who were satisfied TO
draw annually whatever dividends might
chance 10 bo declared. TO Margc tho stock
rs il appeared on his brokers books sSnlhcd
that he had cleared nearly fifty thousand
dollars on IL within two months, and al this
money was roinvcstcd-on margin-in tho
same stock, with the probability OF doubling
itself every month, until T.. d w. should
go quite n way beyond par. Wcrc it to
creep up only per cent "A month-it had
been doing more than twice as wcll-he could
figure up cool million of gain before tho
summer dullness should strlNc tho market.
Then he would sell out, run over 20 Europe
and t,ke a rest, he felt that he would havo
earned il 10y that timo.
OF course there was no danger that T.. IS w.
would go down Smart, who, in the par
lance of the street, was talking care of it,"
had publicly said, again and again, that H.
d W. would reach $50 before summer, and,
although Smart was one of the younger men
in the street, he had engineered two or three
other things i'm manner which had made
older operators open their eyes aud check
books. Smarts very namc seemed TO breed
luck, his prophecies about other movements
had been fulfilled, he evidently had his own
fortune largely invested in Il. q w, 50
what more could any operator Hski Even
now the stock was hard To get investors who
wanted small quantities had generally 30 bid
above the market quotations; and even when
n large block changed hands It depressed quo
tations only a fraction, which would bc nero
than recovered within twenty-four hours
Marge's margin was large enough 10 protect
him against loss, even should temporary
panic strike the market and dcprcss every
thing 10y sympathy; indeed, some conserva-
tive brokers tod Marge that hc could safely
carry the stock on much smaller margin
Better men have had their heads turned 10y
less success, and forgotten not only tender
sentiments but tender VOWS, 50 il is no won
der that, as his financial standing improved
daily, Marge's interest i'm Lucia weakened.
The countryman might have her, there was
rs good fish IN the sea aS that he had hoped
20 catch-not only rs good, but great deal
better. He would not break old friendships,
he really esteemed the Tramlays, but-fricnd-
ship was near enough relationship.
CHAPTER XIV.
IRON LOOKS STILL HIGHER
~ .