Windham County reformer. (Brattleboro, Vt.) 1901-1906, 1903-02-06

the modern sea carrying trade and enlarg'
ed upon the notorious fact that the losses
of the business largely arose from the LACE
of interest on the part Of shipmasters ana
other officers This last, he said, would
be entirely removed In the brothers
Steamship company, because by the artl'
Giles Of association no man would hoia q
responsible position on any one OF theif
vessels who was not an actual sharehoidet
of the company And then he pointed out
that there was an per cent diVloeno
guaranteed on preference stock and GER
tain / . per cent or Is per cent ON the or
binary and wound up with another dose
of cant. The company, he said, would
not be alone content with earning income
for its bopdholders. 1t would have as its
equal object the spreading OF the gospei
and the civilization of England to the Ut
termost parts Of the globe.
"Then the meeting cheered ana amend
ed and wrote out an application for TO-
900 R5 shares then and there In the room on
forms which were handed round, and when
II dispersed Mr.. Theodore Shelf and l
drove back to the offices.
".Look here said to him, you've
nut me down on the directorate of this
tnl0g, WIN u Sdldry VI ~A,ooo 'S'
want to resign.
"'What on earth forT
"tOb, shall we say haven't sufficient
money loose to take up enough sharesE
"sBut, he said quickly, you needn't
take up any. You can draw your hrst
quarters salary and pay that back to the
company's bankers on your nrst call.
That viii qualify you
tt,, M
that. I'm going to be mixed up with this
new company in no degree Whatever.
Flatly, don't believe In the thing one
bit. It's notorious fact that freights are
so low Just now that thousands of tons OF
shipping are laid up because 1T can't be
run at a profit and IL you put more In
commission freights will tumble down
still lower
lyon speak from your Ignorance, ne
said. L should remind you that am by
far an older man and have much deeper
experience. The business OF Marmaduke
Rivers s. Shelf is lasting monument OF
what my humble talents can accomplish
and YOU will some day see for yourself the
newer company on an equal footing. Did
Won not notice what enthusiastic conf
dence in its prosperity those humble
friends of mine showed this afternoon
"sA fat lot they know about the ship
ming business said /. In the mood you
worked them up to they'd have believed
in an advertising stock circular
IL only there were text at the head OF
the page
shelf pulled the check string, and his
brougham stopped against the curb. Mr.
Fairfax, said he, your attitude pains me-
Let us part here for the time, and let US
both pray that when next we meet you
NAV be in q more Christian mind, where
upon out l stepped and came along here
to Park lane. Amy, dear, don't like the
look of things at all. The other business
the Oceanic Steam Transport company,
as 1t Is called officially-is by no means
In q healthy condition, and remembering
that il seems to me that starting this new
company Is something very nearly APP
preaching swindle ! believe that Theo-
dore Shelf, knowing that he Is In low wa
ter. is getting desperate
II don't know about the last" replied
the girl thoughtfully; "but, as for being
in low water, there think you are wrong.
Every week here they seem to spend more
money than they did the week before
Mrs. ehelf was at picture sale yesterday
and bought two old masters at 4,OO0
-. anio,o ord a lent likely she'd
e su.nas up 80. s,.,,, IN what ia absolute.
snto" 49, .;,o I ,,'~nrv ,riess money were
pretty plentiful with her.
1T can't go on at this pace, said Fair
| fax. 81 know what the limits OF the busi-
ness are, and am certain it can't stand
the drain which all this eorgeousness must
entail Last year the profits were almost
nil, and yet did Mrs. Shelf retrench at
AIR Noo wv. oho soe' ~ "a IT, Th;s
more alspiay every MeoA sno "a - tha
pace inuse prins apouu " Mie $500. an. w.. w.
new Brothers company VIII be swampea