The Bellefontaine Republican. [volume] (Bellefontaine, Logan County, Ohio) 1855-1905, 1902-07-22
TUESDAY, JULY % 1902
A Wall Street Story
tOriginaL.1

She was heir to a fortune of $500
which had been left I'm trust for her
to Zebulon Walker. her fathers broth
er. Zebulon was a skinfiint. and the
fact that he was very rich did not
deter him from a disposition to keep
Mary's little fortune. The day she
came OF age he said to her:
MARY. the money your father left
you Is now due you. But what are you
going to do with It? You can't live
ON the interest OF 80 little. and you
know nothing about investments. You
had better leave it in my hands. I
will invest It for you and may be able
to increase IL"
Mary, who had every confidence In
her uncle, acted ON his suggestion.
Zebulon did not invite the orphan to
share his home. On the contrary. he
told her that she had better earn her
living by sewing. and Mary consented
to this also. The willy Zebulon took
her receipt for the $500. which the law
required him to pay over to her. and
Mary's future was well laid out for
drudgery.
house OF Mrs. Peabody, who took a
fancy to her. and while talking with
| her one day learned that she was the
possessor of a fortune Of $500 In the
hands OF her uncle. for which she had
| no receipt Her criticisms on Mary's
loose way OF doing business frightened
| the girl, and she wrote her uncle to let
| her know how the money was invested
Zebulon upon receipt of the let
] ter looked over the list Of railroad
stocks and, noting one Of the most
+, worthless. wrote Mary that her money
| was invested In the common stock OF
the road This was very sharp OF the
old scoundrel, for IL he told her that 1t
! was invested In a good stock she might
claim the security.
Mary showed his reply to Mrs. Pea
body, and the lady showed 1t to her
husband. His advice was for Mary to
ask her uncle how many shares he had
purchased. This Mary did and received
a reply that he had purchased ten
shares Of a par value Of $500. This
reply was also shown to Mary's ad
| wiser.
MY dear" said Mr.. Peabody. tell
Mary to write him that her money Is
sufficient to purchase q large number
Of its shares, which are now selling
very low, and request him to buy all
that can be bought ON a margin. II
Mary makes a loss, l win make 1t good
to her"
Mary's next letter to her uncle was
a surprise to him. He knew that some
one was advising her and thought he
saw In the advice given . way for him
to report his money lost. The stock In
lquestion had made a slight advance In
price. In the fluctuations common In
these stocks it would doubtless soon
fall a few points. which would wipe
out Mary's fortune entirely. He there
fore wrote her that he had bought 1000
shares at 20 on per cent margin. II
the price Of the stock should fan one
point. the legacy would be wiped out.
Mary showed the letter to Mr.. Pea
body, who told her to keep 1t In safe
place.
The day after its receipt there was
an advance of two points In the stock
Then 1t fell of one point. 1uctuating
slightly for a few weeks, when the
matter was forgotten by Mary, and II
Zebulon Walker had not forgotten 1t hs
thought very little Of II, feeling sure
that sooner or later there would be q
panic on the market and the $5Ot
would disappear as q claim against
him and be added to his personal banl
account
In love with a young man who. though
} industrious, was as poor as she. Hs
had q position which paid him $15
week and urged Mary to marry him
She consented. provided they coult
furnish few rooms. Then she though
OF her $500 and made up. her mind Il
write her uncle. asking him to send be-
the money, or what there was left o.
1t, IL any. She did so and by return
mail received a check Tor the $500
with interest ut 6 per cent for TIVE
years. and a receipt for her to sign
Mary was delighted. She signed th'
! receipt, inclosed IL in a letter to he
: uncle and went out to post it. On tn
way she thought OF the stock that ha'
: been purchased with Mr.. Peabody
advice. Then IT occurred to her to g
to Mr.. Peabody. since he had bee
2 kind to her, and tell him what had oS
} Cured. 1t was shortly before dinner
l and she found him at home.
4 Mr. Peabody had for long Will
e been a very busy man He was an al
; torney for corporations. and corpora
tions had had a great deal for him I
+ do. When Mary came In. he had fol
gotten her. She recalled the transaS
I ton in stocks. whereupon a light brok
in on his memory. Mary showed hin
: her uncie's check and the receipt sh
had signed.
: Have you the letter notifying 70
r of the purchase Of the stockY' he ash
D ed.
4 Yes"
Without reply he tore the receipt I
d pieces then took out a pencil and b'
8 gan to make a calculation.
Mary" he said presently. you ar
= worth $4,000"
d "Wh-a-tT
Il sold my stock today in the roa
i your money is invested in at 6S. You
u Thousand shares ut that price woul
t bring S3I.S 500. but the interest woul
e not be less than $500. You are l
y luck"
The next day Mrs. Peabody went
Zebulon Walker as Mary's attorne
e and in few days got an accounting.
MY dear. said Mr.. Peabody to hs
t husband. "how could you have advise
d Mary as y.,u did,"
Il was attorney for the road an
knew that II was coming money"