The Hope pioneer., 1919-03-13
CHAPTER XlV-Continued,


10
It was thus that he had made him
self important enough to advance
rapidly in his firm. And he had put
q large share of his salary every
week into savings bank. With his
extra commissions and bits of unex-
pected luck he had bought securities
of impregnable value. These he had
locked away in safe-deposit vault.
They paid him only four or five per-
cent, but they were as sure as any
thing mundane. And twice year
they granted him the lofty emotion
of the coupon cutter. ..'
He had paid cash for what mer-
chandise he bought and demanded
special discounts for it. In time the
many mickles made a muckle. He had
five thousand dollars worth of bonds
in his safe deposit box.
And then he married-pawned him
self at the marriage shop. He kept
his hoard secret from Leila.
Now he saw chance to use the
talents that he had buried in nap
kin. He filled the ears of Clay and
Daphne with his market jargon. He
was as unintelligible to Daphne as
mad Scot talking golfese.
"Look at @. & o." he would say
''sold at eighty-five year ago.
Friend Of mine bought it. People
who were in the know said it was
going up. 1t ought to have gone up,
but it didn't. Dropped slowly and
sickeningly to forty-three. Today it
is forty-six. If I had gone into the
market the other day with five thou
sand dollars and snapped it up at
forty-three I'd haye cleaned up three
hundred and half in no time"
"First catch your five thousand
dollars" said Clay.
'1've caught it," said Bayard. "Tve
hal it all along"
"fou have?" Clay groaned. "If I'd
known that I'd have borrowed it to
get married on"
"Not in million years." said Bay
ard. "When I've made killing with
this money I'll make you all pres
ent, but you couldn't pry this out of
me with a crowbar. I wish l knew
where to borrow more. If you can
raise any money. Clay, don't you
spsnd it in matrimony. A fellow can
get married any time, but it's only
once in ten years that you can climb
aboard a market after panic and
ride in with the tide
He went to his safe deposit vault,
took out his bonds. carried them to
the vice president of his bank, and
borrowed all that he could raise on
the securities. The bonds had fallen
below par on account of the depres-
sion, but Bayard was granted so per
gent of their face value, minus 80
days discount at 5 per cent.
His anemic bank account was sud-
denly swollen by three thousand nine
hundred and seventy-nine dollars and
eighteen cents.
He sought out broker, college
friend whom he could trust, to advise
him honestly. They conferred on the
stocks to buy. The old dilemma
could not be escaped: those that Of
1cTcO Tie IuOSt pIOuL UucIeu luc LuOSl
risk. To buy on margins was further
danger with promise of further profit.
Met, after all, Bayard felt, to buy
outright, however wise, was tame.
Even if he doubled his money he
would have only eight thousand in
place of his four. And eight thou
sand was no fortune.
The question of what stocks to bet
on was a thrilling one, requiring a
long war council, but at length the
disposition was made and he gave his
broker the command to go forward.
The market crept up and up, Bay
ard turned. his profits back into his
speculation. He was growing rich.
He was planning works of lavish
charity, works of art. the purchase
of great r"serve fund of securities.
Some years before, when President
Taft was inaugurated. every omen
was fine. The weather bureau PROM
ised fair weather. There was not a
hint Of storm anywhere upon the con-
tinent. And then blizzard "bacled
in" from the ocean and played havoc
with the throngs. So upon the era of