The St. Louis Republic. [volume] (St. Louis, Mo.) 1888-1919, 1903-02-15

Il shouldn't like to sell them she said.
with a business air. for less than l paid.
What would be the sense?"
You are right. Mrs. Hunt" he said, en-
couragingly. 1T wouldn't be very profit
able. would it,"
Tricky = ticky = ticky = ticky = ticky =
ticky-tick!" said the ticker.
Couldn't you buy something for me-. Mr..
Coiwell, that when I came to sell it l could
get more than it cost me?"
Nc man can guarantee that, Mrs.
Hunt"
Il shouldn't like to lose the little 1 have,'
she said hastily.
oh. there is no danger of that. If you
VIII give me n check for $1,000. leaving 5000
with the trust company for emergencies, 1
shall buy some bonds which feel reasona-
biy certain will advance in price within a
few months"
Observation-Disclosures" interrupted the
ucker. In some inexplicable way it seemed
TO him that the brassy sound had an omin-
Gus ring. SO he added: But you will have
10 let me know promptly. Mrs. Hunt. The
STOCK market you see. waits for none, not
even for your sex
Gracious me, Must I take the money out
Oh the bank to-day and bring 1t to your
A check will do" He began to drum on
the desk ~nervously with his fingers, but
ceased abruptly as he became aware of 1t.
'Ns Z II SeUu IL TO You to-day, /
KNOW you're very busy. SO l won't keep
you any logger. And you'll buy good. eheap
bonds for me?"
Yes. Mrs. Hunt"
There Is no danger Of losing, is there. Mr..
ColweH?v "
None whatever. You have no need to
fear about them"
IT'S exceedingly kind of Won Mr. Col.
wen am more grateful than ] can say.
1t, Mrs. Hunt"
-Ihanks ever SO much. Good morning,
Mr.. ColweII."
GOOD morning. Mrs. Hunt. Remember,
whenever l may be Of service you are to let
me know immediately"
MIS- Hunt set him a check for So, 600 and
NoiWeil bought 100 5 per cent gold bonds of
Manhattan Electric Light. Heat and Pow
er Company. paying So for them.
Inese bonds he wrote to her. will
surely advance in price, and when they
touch a good figure / shall sell a part and
Keep the balance for you as an investment.
Inc operation is partly speculative, but I
assure you the money Is safe. l hope with
IN SIX months to secure. for you an. income
ot twice as much as you have been receiv-
ing from the trust company"
The next morning she called at his office.
Good morning. Mrs. Hunt. / trust you
are we'll" -
Good morning. Mr.. ColweII. 1 know I am
an awful bother to you, but, you see, 1
don't exactly understand about those bonds.
l thought you could tell me- I'm SO stupid,''
archly.
Il won't have you prevaricate about your
self. Mrs. Hunt. Now. you gave me ss5. 900,
didn't your
Yes" Her tone indicated that she
granted that much and nothing more.
We'll, l opened an account for you with
INV Gr~." w., rrA.z -1IsA sAl -
amount. I then gave an order to buy one
hundred bonds of 31,OCo each. We paid SO
for Them
Il don't follow you quite, Mr.. Colwell. 1
told you"-another arch 'spile-'I was SO
stupidt'
was paid. 1t brought the total up to $685.
0O0."
But I only had $s5. 900 to begin with. You
don't mean I've made that much. do your"
Not yet, Mrs. Hunt. You put in $4,000;
that was your margin. You know; and We
put in the other s61 900 and kept the bonds
as security. We owe you $4,000 and you
owe us $6l 900. apd-'
Butt know you'll laugh at me, Mr.. Col
well-but I really can't help thinking It's
something like the poor people you read
about, who mortgage their houses, and they
go on. and the first thing you know some
real estate agent owns the house"
This Is not a similar case, exactly. The
reason why you use a margin is that You
can do much more with the money that
way than If you bought outright. In this
case you theoretically owe US SCI 900, but
the bonds are in your name, and they are
worth s96. 0c0. so that II you want to pay us
back. all you have to do is to order us to
sell the bonds, return the money we have
advanced, and keep the balance of your
margin; that is. of your original sum-"
II don't understand why / should owe the
firm. / shouldn't mind so much owing you,
because 1 know you'd never take advantage
of my ignorance of business matters. But
I've never met Mr.. Wilson nor Mr.. Graves.
Blu you know me- said Mr.. Colwell,
with patient courtesy. my dear Mrs. Hunt,
don't worry about this matter. We bought
these bonds at SO. If the price should adj
can sell three-fifths for $3.50 pay us back
s61. 900. and keep 5000 for emergencies in
savings banks, drawing 4 per cent interest,
and have in addition forty bonds which will
pay US 5000 a year"
THAT would be lovely. And the bonds
are now $50"
Yes; you will always find the price in
the financial page of the newspapers. where
it says Bonds Look for Man Elec. 5s,"
and he showed her.
"Oh. thanks ever so much. OF course, I
am a great bother, l know"
"You are nothing of the kind. Mrs. Hunt,
I'm only too glad to be of the slightest use
to you."
Mr.. ColwelI. busy with several important
| deals, did not follow closely the fluctuations
in the price of Manhattan Electric Light,
Heat and Power Company's IS. The fact
that there had been any change at all was
| made clear to him by Mrs. Hunt. She called
| a few days after her first visit. She wore