The Lehi banner. [volume] (Lehi, Utah) 1891-1917, 1891-06-12

IL for rise. So, quite independently
Of its actual value II rose steadily until
IL touched ninety.
At that point Albert was fortunate
enough 10 sell out receiving for his
twenty shares eighteen hundred dol
lars
lie announced this 10 his wife with
great satisfaction.
~ clear profit Of six hundred and
eighty dollars," he said. cas- much as
I could lay by in three years I've
done II inside Of two months Id bet
ter have kept IL In the savings bank,
hey2"
Take my advice. aud Pot IL back
there, Albert BE content with what
you have made, md don't risk the mon
ey again"
But Albert Grafton had had n taste of
| speculation. and the fatal fascination
was upon him. ~
II must make another venture, Al.
Ice" he said. ~ don't deny there's
some risk, but want 20 make little
more.
"You can't expect TO be lucky every
time"
at wasn't luck. i used my best judy
ment In the investment, and it turned
out we'll"
lie began, despite his wife's remon-
strances Go seek out another chance
for speculation. lie was shown the
prospectus of petroleum company,
which was represented as wonderful
for the unparalleled yield Of the wells
already opened upon IL. Capital was
needed 10 sink an additional number,
which there was every reason TO think
would yield equally well. For that
purpose a limited fnount OF stock was
offered u the public at the extremely
low price Of ten dollars per share.
Albert decided TO invest his entire
capital In this promising speculation.
He paid over eighteen hundred dollars,
and received In return o certificate OF
one hundred and eighty shares, which
he showed with great satisfaction 10
his wife.
"Ihc shares. IL lis thought, will go
up TO twenty dollars in month"; he
said
But unfortunately they did not.
They remained At par only a week, and
then declined TO nine. Somewhat un-
easy, Albert went TO the secretary OF
the company for an explanation. lie
was assured by that gentleman that IL
was all right; that the decline was ow-
ing 10 the efforts of a large operator
who wished 20 buWin Cheap, and profit
by the subsequent advance.
II this was the oase the operator was
successful, since another week brought
down the price to seven.
Mrs. Grafton urged her husband e
sell out
"What, and lose over five hundred
dollars2" he exclaimed. IL am not sucl
fool"
But you may have TO lose more"
mo, the officers say IL y all right
They are now digging wells. As soor
as they prove successful the stock will
take bound upward
Meanwhile the stock sank TO five. anC
again Alice besoght her husband I,
sell "You will got back nine hundret
dollars" she said.
And lose nine hundred7 No, ! vii
see 1t through" he said.
Poor Alice looked ON with dismay
Her heart sank within her evcy dn'
when she took up the evening paper
and noticed ftYhep decline la I'll,
stock In which her husbands all wa
invested. She saw that no was TO-
headstropg 70 be influenced, and loolsc'
forward sadly to the entire loes of th'
money. .~Ts-' -.
The decline continued, uath tn
stock touched three, Albert began 4
feel serious.
what do You think of your stoelp
ne asked CHAMPION.
Il am out Of it," was the replyy
"Out Of IL. When?'
Il sold out az fogr-R have lost conf
dence in It,"
in panic Albert went TO his broke
and directed peremptcry sale. Tn
next day he sold out, reaiizing tw
dollars per share, instead Of the orig
inal ten, making three hundred an
sixty dollars lilo hardly knew whethe
TO be glad or sorry when he lcarner
that the stock was no longer his Blu
his wife heartily rejoiced.
"At least, she said, 'yon have save
somethlng from lne Nreclfi ana yO
have gained experience. Now let Il
put the money back into the saving
bank"
Albert made no opposition. He fel
too much mortified and discouragel q
his losses to wish TO engage in any fur
Their enterprise Of similar nature
AS for the petroleum stock IL wen
down and down tai it ceased t. hlve
market value. The hast quotations wcr
ten cents share, and 1t would not con
mnnd that now.
Albert Grafton's leasoa was a sever
one, but it will -conduce 60 E.s p errlc
nent good. He 10 young yet, and VT
industry and fugllity may Darn
competence. For orc SPECTATOR wh
makes fortune there are ten who Cal
Slow and sure 10 verJ apt 10 via o.
race. -Horatio Algcr, Jr, in Gaulsc
Blade.
Tho Real Victim.
Sharpson lin surprisc) You say 20
are victim Of the cigarette habit!
nsycT Saw you smoking.