The Irish standard., 1920-05-15
world At large-Cullen coughed rasp-

world at large-Cullen coughed rasp-
lngly.
TITS a very pretty picture. but sup
pose the market never goes upf"
1T will as soon as there's dividend
In sight; that's Inevitable. And even
Il It stays pegged at seven or eight,
there's huge profit for us, isn't
there3"
"But suppose there's never divi-
dend?"
"Don't we know there will be7
Didn't say We control the board Of
directors?"
"But suppose you can't find brokers
to"
Hilliard gesticulated broadly.
"Why, as matter Of fact, we don't
care very much II we don't! That's
the commoner method. and that's the
way to get our money hack almost at
once. and then play on velvet But II
instead Of working through brokers,
We were willing to tie up our capital
little longer, we'd make considerably
more money In the long run. as you
can plainly see. We'd advance our
hundred and twenty thousand dollars,
wait until dividends could be declared.
and then get the stock listed on the
curb and begin to feed 1t out to the
public through fiscal agency. There'd
be twice as much in it for us, but we
wouldn't be in that perfectly delight
ful position Of owning lot Of valuable
stock which literally hadn't cost US
anything. Or, Of course, we could offer
some Of the shares to our personal
friends at fair price, and reimburse
ourselves that way. Knowing that it's
worth ten or fifteen, we wouldn't feel
very guilty about selling 1t to personal
acquaintances at eight or nine. would
we? Why not-when we know for
certainty that 1t ought to 60 up to If
teen7 They'd bless us for it!''
"But the main point: the staggering
thing about It, is"
"1s that If the public gets ten or If
teen per cent dividends" said billiard,
cor buys at ten and sells few dollars
higher, 1t thinks It's lucky; and in the
meantime, the underwriters make any
thing up to a thousand per cent, and
get it. in few months. And I've
known some Of these syndicates to
turn over in few days."
"Oh, 1 want to do It'll" said Angela
ecstatically. II want to do It'll Dadl
Let's be syndicate and 60 out to
Montana until it's over! Come onl
Let's!" Hilllard laughed cheerfully at
her.
"In this particular case," he said,
"the syndicate's about half formed.
Nothing final, but it's pending. And 1t
is good-so good that doubt If any
layman could break into it with cold
chisel." Again, he excused himself on
the ground Of salesman's license. "But
that's the fundamental, Mr.. Cullen
that's how the thing is done, and that's
how the public carries the whole bur-
den Of financing, and doesn't know
It."
He assumed an attitude Of easy un.
concern. Angela. her breath coming
rapidly. was regarding him with awe
struck eyes. Mr.. Cullen. his mouth
drawn to perfectly straight line, was
gazing spellbound at the orderly array
Of figures on the envelope.
"And this-is q genuine miner he
managed presently.
"1n my opinion, it's very wonder
full prospect" said Hilliard, and he be-
lieved every word Of that solemn state
ment.
Mr.. Cullen folded the envelope, and
then suddenly, as though too cautious
to betray his profound absorption
(Which he had been betraying frankly
for at least twenty minutes), tossed 1t
back to Hilliard.
"When you've got syndicate that'll
let me in for say, thirty CENTS" he
said, with elaborate humor, "just pass
along the good word, will you?"
II never try to do business with my
friends" said Hilliard, with the most
delicate touch of reproof.
"A good principle, too, but" Mr..
Cullen glanced at his watch. "It's din
ner time, and more too. We'd better
get along up to the house, or the first
thing you know, we'll have servant
troubles in our midst. And you didn't
bring up that subject anyway
brought it up." He took Angela's arm
paternally. "Just as matter Of fact"
he said, clearing his throat. "As a
matter Of fact, Mr.. Hllliard-where-
abouts did you say this property is
located7"
Shortly after dinner Angela, who
had fed to the telephone in answer
to a peremptory summons, came back
complacent.
"Dinner at the Durant's on Sunday" !"
she announced. "All three Of us.
Very quiet, Carol said. So I accepted
and that means you've got to stay
with us two days more anyway, Mr..
Hilliard. Do you mind very much7'
"A1ind!" Hilliard had risen half
out of his chair. His tremendous