The Press., 1916-11-09
} The Jirndandy
 } Auto Company e It Made Good In the } Nick of Time
By F. A. MITCHELL

II | Julian Stafford was an example ot the ups and downs of life. Born witt | a silver spoon in his mouth, he never knew during his childhood and youtf | what it was to want for anything. In | stead of having to go to work wheI he was boy. like many other children he was associating with companions | of his own age, both boys and girls | whose parents were we'll to do, and l the kind of cravat he wore or the | cut of his coat was of infinitely more | importance to him than the money re | quired to pay for such articles. In deed, he had only to order them. Wher | the bills came in to his father they | were paid, and Julian did not ever know of the fact.
 | However. this happy period ended | About the time Julian came of age his father lost a good deal of money | Julian went to work and earned | enough for his necessities. which were not great But a better period was ir | store for him.
  as quicksilver Is incased in a tight re ceptacle, with the top screwed down it won't get away from you. But the moment the volatile metal finds place to break through. no matter how small there is no holding on to it. When we have plenty of money. when we are making money. its value seems negligible. But when it has once broken away from us it is like the quicksilver-it is mighty hard to pick it up again.
 At twenty-five Julian Stafford was, to speak figuratively, in a bed of roses. He had inherited $1O,OOO from an aunt For several years the country had been under the depressing influence of a commercial panic, and all sorts of property could be bought for a song. At the time Julian received his inher- itance a change had begun to come over monetary affairs, and he was ad- vised, instead of investing his money at safe and simple interest. to buy something with it. It didn't make much difference what he bought. Ev- erything would for some years to come be increasing i'll value. and he would be able to sell his property for more than he had given for it.
 Securities seemed to Julian to be the simplest form for such speculation, and he bought $1O,OOO worth of railroad shares. The stock market soon boom ed, and he sold out, making, as he con- sidered it, 90 per cent profit in six months. That was at the rate of dou- bling his money in a year. At 5 per cent interest 1t would require twenty years to do that
 Julian sold out just before the wave of speculation broke, and after it broke what he had sold could be bought again for what he had paid for it be fore. This time, instead of cOnfinine himself to what securities his money would buy, he bought on a margin Instead of buying $2O.OOO worth of SC curities he bought $1OO,OOO worth Again the market boomed. Every day for several days Julian was making twice as much as his aunt had left him.
 At this time life to Stafford was fill
 
 ing fortune every day he was en- gagged to the dearest girl in the world. They had expected to live on thou sand year in an apartment of four rooms. none of which was much big ger than large closet. Julian figured up one night and found that he could sell out his stocks and have an income nf rr;l+ erty. They could live in stone front house.
 One day when the market was jump ing half a point or so on the ticker with every recorded sale Julian, who was standing over it and making d thousand dollars with every point, felt a tap on his shoulder Turning, there he saw Erskine, a former schoolmate
 Hello, Jim"' out?"
 Julian very excitedly confided in his friend that he was getting rich so fast that he couldn't keep track of his funds.
 Let me have $500 won't you, Ju- lian? I've got a chance to go into a deal. that I think there's millions in. There's just one share on the ground floor left and I can get it dirt cheap. I'll take you in for half of it'
 Julian was making money so fast that he didn't want any more profits for himself. He was well disposed toward Erslline. and what was $500 to him. since he had made ten times that within an hour? He gave Jim an or der on his broker for $500. and Jim received the amount before leaving the office
 That was q very exciting day for Julian-in fact, the most exciting day Of his life. IIc made more money in that one dly than in all the time of his SpeculatiUnS. Just before the clos ing of the market there was a peculiar thakiness. It was thc trembling of the wave before it breaks. The "bears," who were watching their opportunity. the next morning rut out report that orc of tho biggest banking concerns fin Wall street YVES in trouble. Then com menccd tho t"em',lc.
 It was the old story with Julian. He saw his fortune melt away before him. Down it went like stack of card houses. Just before the closing hour his broker closed out his account, leav- ing him in debt for something like $1O,- OOO
 This time when the market reached low tide it remained there for a long while. But this did not make any diff ference to Julian, for even if it had gone up again he had no money to buy with. At the beginning of the next month his broker sent him an account current showing his indebtedness and asked him to pay up. There were nu- merous credits and numerous charges Julian didn't try to decipher it. He knew that his fortune had died as sud denly as it had been born, and he was