The Washington times., 1920-12-05
Continued from Preceding Psss.

made themselves independent for
life, were still discussed and point
ed out by name. In his own lodg-
ina, on the floor below him, An
thony knew an elderly ex-professor.
McGonigle by name, all whose JOY
lay In the Polynesian languages, who
had owned a small block OF shares
in a powder company and had eked
out a precarious existence by TO
viewing books for newspapers.
This professor McGonigle now wore
spats and II nched at Sherry's. lie
had abandoned reviewing, taken a
pleasant apartment. and only toyed
elegantly with the languages OF the
Caroline group and the Solomon
Islands. The more obvious New
Zealand, Samoan and Tasmanian
tongues, a dozen or so In all, he had
abandoned at one swoop as now be-
meath him. His beard was trimmed
10 q distinguished Vandyke point
and a handkerchief adorned his
breast pocket.
"How did you do IT." Anthony
asked him one day when he saw
him on the steps OF Sherry's In
Forty-fOurth street.
"A small block OF Dupont, my
boy" was the response. Go thou
and do likewise"
In vain he recalled his fathers
old saying: "Son, II you want to
be rich and also innocent you've
got to strike oil on your own prop
erty by accident while drilling for
water" Speculation was about the
last thing that the older West
would have countenanced.
But to people breathing the at
mosphere of the Street there was
something overwhelming, orgiastic
in the wave of speculation that
swept over them In nineteen-ffteen.
and the tidal force of 1t was still
felt in nineteen-siXteen. Anthony
had dabbled in II with varying small
failures and successes. Now, how
ever, he was permeated by the
faith OF an important object. He
collected all his available assets,
some twelve hundred dollars, put
it in the hands of a young broker
with whom he was acquainted and
experienced again the uneasiness
familiar to those who stake more
than their capital warrants.
Caution VIGOROUSLY guides the
speculator-at the outset. lie buys
with what a grave and scrupulous
deliberation,-he buys small lots
at first-twenty shares and mod.
est profit; thirty shares. and then.
perhaps. fifty. He is careful with
sustaining stop orders, so that his
losses may be small He is sue.
Cessful perhaps and his profits on
the books Of the broker show "a per-
ceptible balance. Then he begins
to blame himself for a too sordid
caution. The paper profits seem
pitiably small compared with what
they might have BEEN. There
comes a day when he plunges and
action on the right side of the
ledger, and he feels buoyantly
afloat on the strong tide of name
less possibilities. Notices Of dar-
ing spirits come to him unbidden.
Success is the child OF audacity,"
Disraeli has said, and another has
declared. de l'audace, tonjours de
Iaudacc." With Mr.. Kipling he
makes a heap of all his winnings
and plunges boldly, for the back
hair of flying fortune seems visibly
within his grasp. Again he plunges
and an evil chance clips off the
shadowy paper gains as well as
quivering, bleeding portion Of the
original capital. Then the game is
renewed afresh.
Something like that was An
thongs experience during the Au-
tumn and Winter of nineteen-sX-
teen and early nineteen-seyenteen.-
Rumors and tips few like scattered
snowflakes through the air and as
swiftly melted into insubstantiality.
1t need hardly be said that he men-
toned no word of this to Adela.
So lofty and laudible was the pur-
pose of his speculation that bless