The Topeka state journal. [volume] (Topeka, Kansas) 1892-1980, 1907-04-11
THE EVENING STORY
Coppering CaverIy.
(By Benson Graydon.

lions. Now comes his son who not
only follows his fathers footsteps in
| the street, but he clandestinely wins
my daughters heart"
Those Newtons always were
greedy" agreed TAFT, tanning the
flames of the others anger. Il don't
suppose you want to figure in this
Caverly shook his head. mot yet"
J he explained. Time enough to tell
him when he is ruined"
Trust to me-" said TAFT confident
! ly. I'VE will jolt the young man con-
siderably.'
Caverly went out chuckling The
night before Emory Newton had had
| the audacity to demand Belle Caver-
+, ly's hand in marriage. He made light
of the old enmity that had existed be-
! tween his father and Caverly and sug-
gested that Kentucky feuds or Corsi-
can vendettas were out of fashion In
New York Caverly had ordered him
from the house and now he was
scheming with TAFT to ruin the boy.
For week or two Newton did not
suspect that his brokers were betray-
ing him to TAFT. Runs OF hard luck
were common enough on Wall street,
and he simply seemed to have struck
an unusually bad one, that was all. 1t
was Belle who gave him the hint when
they met.
Are you having bad luck with your
stocks?" she asked as they sat in the
Hargrave conservatory.
''Who told you?" he smiled. 'Since
when did you busy your pretty head
with stocks and things?"
"I heard father talking over the tel
ephone," she explained. 81 don't
know just what he meant. but 1t SEEM
ed as though he had hired some one to
make your stocks go the way you did
MT want them to-"
ST see,'' he said with a laugh. 81
thought it merely a run of luck.
shall have to get even."
IT think it's mean of dad" she went
on. He won't let me marry you, and
he wants you to lose your money"
Don't worry" he replied. 81 think
can teach him a lesson. There's the
music"
They went back to the ballroom, and
Belle forgot the incident. If it both
cred Newton so little, it could not be
very serious. But it did bother New
ton more than a little. 1t explained
to him how it was that when he bought
for a rise his stocks fell. When he
sold short" in the expectation of
prices being lowered they took an up
ward move. If it was Caverly behind
the scheme it meant finish fight I'M
less he wanted to quit the street.
Newton did not need to speculate.
His income was ample, but he liked
the excitement; and he had inherited
his fathers stubbornness. He would
not be driven from the field. He took
his losses placidly and smiled at every
fresh blow.
If Caverly found his revenge ex-
pensive, he at least found it worth
while. Through Taft he obtained from
Newton's broker an accurate account
of the losses sustained, and the sum
was growing we'll into seven figures.
But even Caverly almost baked
when Newton went in for p. & N. This
was Caverly's pet stock. For almost a
year he had acquired blocks of it here
and there until it looked as though
a a election he MIGHT GA fTll1
control. !
Newton sold a put at ten points rise. |
To depress 1t some of Caverly's hold |
ings must be offered at a lower price. |
held off. but there was someone who
eagerly bought at the low price. Seven
thousand shares were sold before New |
ton dropped from the market. He had
promised to buy it at 97M. 1t had
dropped to 81 n. He stood to lose, and
Caverly chuckled.
Cant even win on P. & NJ he
he jeered to TAFT. ST guess that ought
to finish him.
'Siegrist & Platt want that P. & N.
stock" said the head clerk, interrupt
ing. 1--WE have none"
"Of course not" agreed TAFT. Didn't
suppose they wanted actual delivery"
well, they do" said the clerk. 'Mr. |
Siegrist is here himself, and refused |
a check for the profits. Wants to /!
know if we keep a bucket shop"
Send him in" said TAFT in a husky |
voice. 1t looked like trouble. After |
Newton had been trimmed the stock |
had been permitted to rise q few |
points. TAFT had supposed that a |
check to cover the increase would be |
sufficient. If Siegrist insisted upon |
the actual delivery of the stock and |
he could neither buy nor borrow, he |
would be expelled from the exchange |
broker entered he turned to Caverly.
You will have to make good with |
your stock he snarled. eff you don't
I'll tell just how it happened"
Caverly knew that If he offered |
stock with no intention of letting 1t go |
he was in the same boat with his
broker, and in the end he had to send |
over to his office for the necessary
shares. There was a heated session |
between the two men after Siegrist
left, but that did not bring back the
stock. The registry books closed the
following day, and Caverly had lost
could not possibly replace in time for
the meeting.
That evening Belle was surprised to
see Emery Newton passing through
the hall into the library. Evidently
he was expected, for Caveriy looked
up coldly.
You asked for the interview" he
snapped. what is 1t you wish?'
IT wanted to explain something to
you," said Caverly. "As you are to be
my father-in-law some day, hate to
see you lose control of the P. and N.
I bought a put for 1000 shares at
97A. In trying to stick me you sold
to my agent shares that you were fore
ed to deliver. If you want to purchase
them back, they are In the market"
your agent" echoed Caverly. Isle
grist your agent ?"
my agents broker" he explained
st knew that my man was selling me
out to TAFT. BY coppering my opera
ton have won double what 1 have
ie he ha
didn't know"
CaverIy sank back in his chair. He
had been happy in the thought that he
was running Newton. Instead Newton
a haar1 informed nd he l1x1