Iron County register. [volume] (Ironton, Iron County, Mo.) 1867-1965, 1919-04-24
CHAPTER XIV-continued.

4 ID
1t was thus that he had made him
self important enough to advance
Capidly in his firm. Aud he had put
a large share of his salary every
week into a savings bank. With his
extra commissions and bits of unex-
pected lack he had bought securities
OF ~impregnable value. These he had
Cooked away in a Safe-deposit vault.
They paid him only four or five per-
cent, but they were as sure as any
ching mundane. And twice q 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
snany mickles made a muckie. He had
i've thousand dollars worth of bonds
SR his safe deposit box
And then he married-pawned him
self at the marriage shop. He kept
Iais hoard q secret from Leila.
Now he saw a chance to use the
talents that he had buried in a nap
kin. He filled the ears of Clay and
daphne with his market jargon. He
Vgas as unintelligible To Daphne as a
cEiad Scot talking golfese-
Look at @. & o." he would say;
"N'sasA at eighty-five a year ago.
Friend of mine bought it People
N~h0 were in the know said it was
geiRg up. 1t ought to have gone up,
out lit didn't. Dropped slowly and
-SickcningIy to forty-three- Today it
ifs ~farty-six. If I had gone into the
market the other day with FIVE thou
sand dollars and snapped it UP at
dn~rag-three I'd have cleaned up three
hundred and a half in M time"
First catch your five thousand
dollars" said Clay.
I've caught it." said Bayard. "Pve
mad it all along"
"Y0u haveT" Clay groaned. eff I'd
known that I'd have borrowed it to
get married on"
mot in a million years" said Bay
ard. "When I've made a killing with
this money I'll make you all a pres
'eh4, but you couldn't pry this out of
raaae with a crowbar. L wish I knew
where to borrow mor IL you can
raise any money, Clay, don't you
spend 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 a panic and
ride in with the tide
He went to his safe deposit vault,
~rtook oMt his bonds, carried them to
Che vice president of his bank, and
aosrowad all that he could raise on
e1se securities. The bonds had fallen
EseEow par on account of the depres-
sion, but Bayard was granted so per
) cent of their face value, minus ~
days discount at 5 per cent.
His anemic bank account was sud
deHIy swollen by three thousand mine
hundred and seventy-nine dollars and
eighteen cents.
: HE sought out n broker, a college
friend whom he could trust, to advise
him honestly. They conferred on the
assscks to buy. The old dilemma
could not be escaped: those that Of
,fered the most profit offered the most
risk. To buy on margins was further
danger with promise of further profit
Yet, after all, Bayard felt, to buy
outright, however wise, was tame
Even IL he doubled his money III
would have only eight thousand IL
place Of his four. And eight thou
sand was no fortune.
The question Of what stocks to be
eon was a thrilling one, requiring
long war council, but at length tn
disposition was made and he gave hi
Broker the command 60 so forward
The market crept up and up. Bay
ard turned his profits back into hi
speculation. He was growing rich
HE was planning works OF lavisI
charity, works Of art, the purchas
sof a great reserve fund Of securities
Some years before. when Presiden
Taft was i~naugurated- every ONE
was fine. The weather bureau prom
tEsed fair weather. There was not
faint Of storm anywhere upon the cor
i1iaent- And then a blizzard "baclie
tIn. from the ocean and played have
~itt the throngs. So upon the sra 4