Cheraw chronicle. [volume] (Cheraw, S.C.) 1896-2005, 1919-04-03
CHAPTER xiV-continued.


n was this that he had made him.
aelf important enough to advance
sapidly 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-
Yected luck he had bought securities
ef impregnable value. These he had
kscked away in safe-deposit vault
They paid him only four or five per-
sent, but they were as sure as any
ahing mundane. And twice year
they granted him the lofty emotion
81 the coupon cutter.
He had paid cash for what mer'
shandlse he bought and demanded
special discounts for 1t. In time the
rRany mickles made a muckle. He had
NSp thousand dollars worth of bonds
n bis safe deposit box.
And then he married-pawned HIM
Deif at the marriage shop. He kept
8ts hoard q secret from Leila.
Now he saw a caance to use the
saIents that he had buried in nap
Yin. He filed the ears Of Clay and
i3uphne with his market jargon. He
was as unintelligibe to Daphne as q
mad Scot talking golfeSe.
'Aook at Q. & o." he would say
seold ut eightyflve Il year ago.
Rriend of mine bought it. People
rho were in the know said it was
going up. 1t ought to have gone up,
sut 1t didn't. Dropped slowly and
aSckeningly to forty-three. Today Ii
- forty-six. If / had gone into the
saarket the other day with five thou
Hnd dollars and snapped it up at
blty-three I'd have cleaned up three
Hundred and half In no time"
= First catch your five thousand
abITars." said Clay.
I've caught it," said Bayard. "Ive
cad II all along"
"You have?" Clay groaned. ''If I'd
8nown that I'd have borrowed it to
aet married on"
mot In q million years." said Bay
ard "When I've made killing with
dis money I'll make you all pres
snt. S't you couldn't pry this out OF
ne with crowbar. l wish l knew
where to borrow more. If you can
cxlse any money, Clay. don't you
peHd it in matrimony. A fellow can
,rs married any time. but it's only
,mes in ten years that you can climb
isssrd market after panic and
.i6r in with the tide"
!He went to his safe deposit vault,
nSA out his bonds. carried them to
1ie vice president of his bank, and
Borrowed all that he could raise on
tftae securities. The bonds had fallen
aes0w par on account Of the depres-
son. but Bayard was granted so per
arnt of their face value. minus 81
days discount at per cent.
His anemic bank account was sud-
3s1ly swollen by three thousand nine
iLndre.i and seventy-nine dollars and
eighteen cents.
He sought out broker. college
friend whom he could trust, to advise
AIM honestly. They conferred on the
stocks to buy. The old dilemma
could not be escaped: those that Of
Ared the most profit offered the most
risk To buy on margins was further
sanger with promise of further profit
Yet, after all, Bayard felt. to buy
ssTright however wise, was tame
Even if he doubled his money he
you'd have only eight thousand Id
since Of his four. And eight thou
SB6 Was no fortune.
The question Of what stocks to bet
IN vas u thrilling one. requiring q
1Ang var council. but at length the
disposition was made and he gave his
Eoker the command to 90 forward
The market crept up and up. Bay
Hs ssEned his profits back into his
ss.eeaIstion. He was growing rich
iSe Was planning works Of lavish
fhaSity, works Of art, the purchase
Il great reserve fund of securities
Some years before. when President
5sfs was iusugurated, every omen
1us 6ne. The weather bureau Prom
sBed sair weather. There was not q
aGpt of storm anywhere upon the con
ssaen, And then q blizzard backed
n from the ocean and played havoc
Nth the fhrOngs. So upon the era OF