The Minneapolis journal. [volume] (Minneapolis, Minn.) 1888-1939, 1903-05-25
CHAPTER XXI.

In the weeks that now followed, Perez
val became a model of sobriety and pa
tent unremitting industry, according 70
his own ideas of industry. He visited the
offices Of his various brokers daily, read
ing the tape with the single hearted deyo.
ttion of a veteran speculator. He acquISp
| a general knowledge of the ebb ana TO"
| of popular stocks. He frequently sa" op
lportunities for quick profit in other stochs
than the three he was de a,ata a. Du' -
would not let himself be d1verteu.
I'm centering on those three, ne to pa
4 Uncle Peter when they win out we II
take up some other lines. ! conid have
cleared a quarter OF mllllon III .noe
Northern Pacific deal last week. as easy
as not. I saw Just what was being done
! Nv that Ledrick combine. But we've got
som thing better. and don't want 70 lake
chances on tying up some ready money We
might need in hurry. If a man gets
started on those little side issues ne eoo |
apt to lose his head. He jumps III s
day. and out the next, and sets
to he what they call kanga-'|
roo down in the street. It's all right Tor
amusement, but the big money IS IN clncn-
/ ing one deal and pushing hard. IL
bull market now too; buy A. Q. T. IS the
Egood word-Any Old Thing-but m gong
to stay right by my little line. -.
/ finance" declared Uncle Peter, with Ter
vent admiration. This going into busi.
ness will be the maxim OF you. You II
lbe good fur something else besides hold
in one Of them dinky little teacups, anu
talking about 'trouserings'-no matter
what people say. Let EN- TALK apuus w
--sayin' you'll never be anything IKE the
man your pa was-youll show en-
And Percival, important with his secret
knowledge of the great coup, Went pdch
to the ticker and laughed inwardly at
the seasoned experts who frankly ad-
mitted their bewilderment as to VIVA. was
"doine" in Copper and Western Trolley.
when it's all over" he confded gaiiy
to the old man, 1--WE ought to pinch OH
about 10 per cent of the winnings and put
up a monument to absinthe 1rappe-the
stuff Relpin had been drinking that day.
They'll give us a fine public square lot II
in Paris If they won't here in New York
! And II wouldn't do any good to give it to
: Relpin. who's really earned it-he,d only
lush himself into one Of those drunkard
erayes-I understand there's few lett
yet
Ear1y in March, Coplen, the lawyer, was
: sent for, and with him Percival spent Two
4 laborious weeks, going over inventories
Of the properties, securities, and moneys
: of the estate. The major portion OF the
y latter was now invested IN the three
y stocks and the remainder was at mana
I where it could be conveniently reached.
8 Percival informed himself infinitely as
a to the values Of the different mining prop
critics, railroad and other securities "A
group of the lesser-paying mines was dis
posed of to an English syndicate, the pro-
ceeds being retained for the stock deal
All but the best paying Of the railroad
= smelling and land Improvement securities
Il were also thrown on the market.
The experience was valuable one &c
= the young man, charging greatly his
knowledge Of affairs, and giving him
= needed insight into the methods by which
i the fortune had been accumulated.
"That was a slow, clumsy. old-fash
toned way to make money" he declared
a to Coplen, Nowadays It's done quicker
d His grasp Of details delighted Uncle
Peter and surprised Coplen.
a IT didn't know but he might be getting
8 plucked,' said Coplen to the old man
with all that money being drawn out g
II fast. If I hadn't known you were witt
q him. I'd have taken it on myself to fin,
y out something about his operations. Blu
~ he's all right, apparently. He had a seen
= 1ike a. hound for those dead-wood prop
< erties-got rid of them while we woul
~ have been making up our minds to. Tina
~ boy will make his way unless I'm mis-
"a taken, He has head for detail.
81 ..I'll make him a bigger man than his p
III was vet" declared Uncle Peter. "But;
n wouldn't want to let on that I'd had any
II thing to do with 1T. He'll think he's don
N it all himself and it's right he should.
Il stimulates 'em. Boys Of his age need Jus
Va about so much conceit, and 1t don't 40
MI take it out Of EN-"
,&a Reports of the most encouraging charac
Ii ter came from Burman. The deal In cor
Nv was being engineered with ripper cautio
y than had been displayed in the tll-fate
4 wheat deal Of the spring before.
~ ''Burman's drawn close up to m1ll1c
n already" Said Percival to Uncle Pete
VI ..and now he wants me to stand ready II
SA another million
as Burman" asked Uncle Peter, ''th'
young fellow that had a habit OF standi
81 pat on a pair of Jacks and then betti
E. everybody Oft the board?"
Eyes, that was Burman.'
.Well, liked his ways should 81
~ he could do you a whole lot of good in
III corn deal"
3 1T certainly does look good-and Blu
s& man has learned the ropes and spar
III They're already calling him the corn kin
sH out on the Chicago Board of Trade.
aH use your own judgment" Uncle Pet
II urged him You're the one that kno,
NJ all about these things. My Lord! how y
lH ever do manage to keep things runnin
';M your head gets me. II you got conf1den
" in Burman, all can say is-welL your
a. was a fine Judge Of men, and 1 don't
q why you shouldn't have the gift"
a. Between: you and me, Uncle Peter,
ISL am a good judge Of human nature, and
81 does win out he'll win big. And thi
GH he's going to wh1psaw the market to
r. standstill this time, for sure. Here
vs. little item from this mornings paper tt
ri sounds right, all along the line.
HI "COPPER", CORN. AND CORDAGE.
EH ..There are Just now three great NOV
W. ments in the market, Copper Trust sto'
MI corn and Cordage stock. The upwa
ISU movement in corn seems to be In the n1s
~ not speculative but natural-the result
W a short supply and a long demand.
81 movements in Copper and Cordage Tr
SU stocks are purely speculative The cop
"a movement is based on this propositi
81 Can the copper trust maintain the pr
IA for standard copper at II cents q pound
q face Of enormously increased supply 9
N the rapidly decreasing demand, notably
81 Germany The bears think not. ]
p bulls, centrally, persist in behaving az
they had inside information of q super
NJ value. just possibly a simultaneous
in corn. copper and cordage. will be
= next sensation in the trading world. .
~ "You seer? said Perciyal. They're
ginning to wake UP. down there-bee
ming to turn over in their 81
and mutter Pretty soon they'll
~ gin to stretch lazily: when 7
finally hear something drop and ju
out of bed 1t will be too late.
bulls will be counting their chips to c
- in. and the man waiting around to
out the lights. And don't see why
1890 Imam isn't as safe as am