Jackson County journal., 1919-05-23
CHAPTER XiV-Continued,

10
It was thus that he had made him
self important enough to advance
rapidly in his firm. And he had put
"a 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 a 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 muckle. He had
ifvo 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 a secret from Leila.
Now he saw 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
was as unintelligible to Daphne as
mad Scot talking golfese.
"LoOk at Q. & o. he would say;
sold at eighty-five year ago.
Triend 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
Ssckeningly to forty-three Today it
rs forty-six. If l had gone into the
market the other day with five thou
sand dollars and snapped it up at
forty-three I'd have cleaned up three
hundred and half in no time"
"First catch your five thousand
dollars" said Clay.
1--WE caught it," said Bayard. "Pve
lad it all along"
you have?" 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 killing with
this money I'll make you all a pres
ent, but you couldn't pry this out of
me with crOwbar. l wish l knew
where to borrow more. If 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,
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 Der
cent 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
'righteen cents.
he sought out a broker a college
gr1end whom he could trust, to advise
MIN honestly. They conferred on the
stocks 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
Sanger with promise of further profit
YET 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 he,
on was thrilling one, requiring q
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
ara turned his profits back into hi:
speculation. He was growing rich
He was planning works of lavish
charlty, works of art, the purchas,
OF great reserve fund of securities
Some years before, when Presiden
iatt was insugurated, every omel
was fine. The weather bureau prom
ised fair weather. There was not /,
amt OF storm anywhere upon the con
nnent. And then a blizzard "bacEe,
M from the ocean and played havo
Win the throngs. So upon the era q.