|No Copyright - United States (NoC-US)
|Digitized by J. Willard Marriott Library, University of Utah
m GETTING KICIL .Drafton'n Spoliation and tho Los-oon Los-oon It Taught Him. "I've been too long plodding; Now I mean to go to ork and make money," said Albert Ornfton. "You havo saved up two hundred dollars dol-lars n year for tho last fivo years. Albert," Al-bert," said his wife. "In not that doing well?" "Only a thousand dollars In flvo years! That's rather n poor prospect, Alice." "I fancied it w as rtolnff w ell Still, I shall bo Kind l( you can do better, llut what has made you dlscontoutcd on a sudden?" "I will toll you. You know Crampton In our oflloe?" "Yes." '; "Wcl, thrco rasnlhs ago ho received a legnoy of n thousand dsllarn from an aant of bis What woulJ you havo done with It?" $V "Put It In tho saving! bank?" "Whcro it would hnvo coroediy thla time fifteen dollars interest. lie did better than that. He bmiRht shares In a mining company, and to-day ho sold out for two thousand dollars." "Doubling' Ills money?" said AUe, In surprise, - "Yes, nnd in thrco monlliM. That's what I call doing a good etrolto ol business." busi-ness." - "Yes, but there was a risk about If." "Of course you can't gain wUhuut In-cvirrrag In-cvirrrag some little risk. Now eupposo ho dgvjWc his money afraln In the next threw, or, nay six month, howKrhavo four thousand; a sura which l would take us twenty years to la? by." "Slow nnd auro 1 n Rood rule, Albert." Al-bert." "1 renlly bcllovc, Alice, you would ptctor a snail to ft horse. II 1 wero go-lagtollvo go-lagtollvo a long a Mtlhusalch, I tilffht bo satlslled. with roy slow fata). J1.. -I'don't expect that I mean to take sVitorter end ta WVudi " . "I inn afrold, Allxr, that it wi J9.7V0 a ahorv cn powarty " ' Don't croak, Ahle. 'J niit to m, iii.'l you will rldo In your carriage yet" Albert Graf ton Wojrnn nt onco to look c-v' or somo proflcobln modo c Invest-ueat Invest-ueat for the Uttlo sum nhloh Kid been seumulatlng at the wvWnjs hank for trv years. It amounted now, with In-tirest, In-tirest, to about eleven hunded and fcJtjT dollars; a sura whtth ho had re-jtricil re-jtricil with satisfaction until he had kced dttKlod by Hie luel 7 speculation ol his follow cleric. lie df opid a hint O Crampton that if ho bhoul'l hoar of a pxxl Investment ho mii;bt bo iUsved Vioabark In it hlmsoU Ho wlthui.ew t'Aj uonay from trra eavJuirs banlT in 40 to havo It r;a.V3 ue r.t khe', 4fSv.'je. m mw ., TJa lucky chaueo was not-iang In a , rWM, tiao day Albertr eanva horrtO'ln cxcal i-a.- spirits. Well, wife," ho sak "wlmt do yen tW'ia 1 l.aye fJorK'- 't. Graftsu looked loqulrin'a. "j have inrcsfod tho money." "ow?" nho aiked, not vvJWjvsu con, s&.tub)e anxiety. "JaICio Wlnnoio Mlalntj Company a cipltal thing " "ifltat do yon know nboutr the com-r.at7. com-r.at7. Albert?" "OU it's a first-eato company. Tho tilis produces Van upon Cons oi cop-.1 cop-.1 ivtTj yoar." 'How do yeu kjiow?" "UUe prospechia sajre so." "Jjtc you sure tlio ctatjmenis are to ki e'4ed upon?" "Ofcourse. Bqn't b so susplolous, Jiiiio. Ono would tbirAl tho world was r o up of sharpers." ".I'liat did you p.iy for the sharosW TiJty-alx eViHa. had msnejj CiCtegh to buy ju.'i tvrenty arwl lav! U-lrty dollars over " fruppoo wo put that 'jock into the sartaffs bank." 'Vhnt or?" "Wo hnvo hal.rasncv In tho bank so hsr-j. that I shall hf? iVisr ii wa have cvia that Uttlo Idt to ou name " Z.'a a otranrp fancy," said tho hus-ban!, hus-ban!, laughlnrr, "howovor, I will hand .0 money to yon, undyou may do us ..rsAkowlthlt." IIo pasaed over n roll of three t;n tlil-r tlil-r h'.lh, which his vUjput!4i.crrirto at.v deposited lu tXo eavvuera bank t'.io iext day. .y.lco dUl not look wltii rquoh favor bvra tho Wlnnabajro Mln'oj Company, even after bcclni; tin c-culnv vVilch iMconstfaOcd in t'.io moit vonvlnolnt) Manner that It conl, 1 -lot .Sill to pay 0 u.Wond of fifty per cent, tho fl4 J car 2c:ldes rising maDrlally 't inarltcf vaje, thereby raakint; It a most dJblr,a ii stock to Invest iu Somehow Alice was tkcptlcal, hih thouo'i eho could not detect tho fallacy, felt )ial there was aomethlng wrong IluJ (maband became nlmott nngry v(lj hc eu cc-etuit cc-etuit of her prca.li.toni disbelief) de- jamg that sho w,i hopelessly prju ' j hopo I am vvrtsc." fcho taltj smll- .ftlntly "I trust oviuts vvl show have feared rriuryll.tb! " It seemed, indeed, oslf this would be thu caee Tho ttoclt began to rlso bt ad. Ily. 1'rom flfty-blx It roo to blxty.flvi in a fortnight "I havo mado 0110 hundred und eighty dollars ao fnr," Bind Albert oxultlngly. "What lo you think of thot?" "You had better bell out, and Bccura lt,"Baldhlswlfi-. "Not, will hold on, and muko more " 'It may go down again." "I don't believe It." And It did not go down The fact was some stronp; parties controlled tho stock, who were ndroltly manipulating it for' n. rise. So, riulto Independently of IU nctunl vnluo, It rosostcndlly until It touched ninety. At that point Albert was fortunate enough lo sell out, receiving for Ills twenty shares eighteen hundred dol-larn. dol-larn. He announced this to his wife1 with great sillHfartlon. "A clear prollt of Mx hundred ntid eighty dollaro," ho baliU "Aa much no I coull lay by In tliroo vpiira nnd I'vo dono It Inside of two tuunUis. I'd better bet-ter hnvo kept It In tho ftavtnrrn bink, hey?" "Tnku my advice, aud pnt II bick there, Allx-rU lie content with what you have ninuV, nnd don't risk tho money mon-ey ngnln " llut Albert (Irntton hid had a tasta of speculation, and tho fatal fascination was upon hlin. . W "I must tnnlco another venture, Alice," Al-ice," ho Bald. "I don't deny thero'n somo risk, but I wont to make a little moro " "You can't expect to bo lucky every time." "It wnsn't luck. -I used my liest Jiiiljf-ment Jiiiljf-ment lu the investment, nnd it turned out well " Ho began, despite his wife's remonstrances, remon-strances, to neulc out another chnnco for a speculation, lie wat bhovvn tin prrjariectus 6f n petroleum company, which was represent .d nB wonderful for tho unpiralleletl i lold of the wells alriady oicncd ttpsii IU Cnplttl vvns needed to sink nn additional number, which there was every renton to think would yield rriunljy well. Tor that purpose u limited Truount of Mock wns offered tb tho publjo at tho extremely low prlio of ten dollars pei sliaro. Albert decided to Invest his entire capital In this promlbinir speculation He paid over eighteen htindivd dollar.!, and received lu return a ri.rUlli.atv of ono bundled and eighty (.hnrcs which ho allowed with great batisfnitlon to his wife. "Tho shares. It Ms thought, will rro up to twenty dollars In n month,' he said, lt..i ..nl.li.hl.lw l,n. ,11.1 hnl They remained at par only a weok, nnd then declined to nine bomewh.it uneasy, un-easy, Albert went to the secretary of tho company for Vn c-planntton lie was assured by that gentlunan that it was all right, that th" dicllne vmib owing ow-ing to tho eltorts of a large operator who wished to liuvtln cheap, and prollt by the subsequent advun-c If this was ths enso the operator nan nucccsbful, slnco another week brought down the prlco to seven Sirs. Grafton urged her huhbuml to acll out "Whnt, nnd lote over flvo hundred dollnrs?" ho exclaimed "I nm n tmch n fool." "Hut you may havo to lose more " "No, tho officers say It U nil ri(lit-They ri(lit-They nro now illgRlii),' wells. As 80011 as they provo bucue&sful the stock will take iv bound upward ' Meanwhile tho clock Bank to live, mid again Allco kceoutjl.t her husbiud to sell. "You will (jot buck nine hundred dollars," she saU. "And lofco nln hundred? No, I will seo It through," ho said Poor Allco looked on with dismay Her heart sank within her ovc q day when Bho took up tho evening paper, and noticed a frailer, decline, In th stock In which her hiu'osn I s all was Invested She siw that ho was too hcadstroiig toLo influenced, nnd looked forward sadly to tho entire Iocs of tlio money. m., - w Tho decline continued, until the stock touched three. Albert btg.in to feel serious. "What do you think of your stock?" he asked Crampton. "I am out of it," was tho rcpiyr "Out of It WSen?" I told out at fear? hnvo lott confidence confi-dence in it " Jn a panic Albert went to his broker and directed a peremptory 6ulc. Tho next day ho sold out, icullzing two dollars per share, Instead of tho original orig-inal tcu, making thrco hundred and sixty dollars. Ho Hardly know whether to be glad or sorry when '10 learned that tho stock was no longer Ins Hut his w lfe heartily rejoiced "At least," sho r.ald, "you have saved something from tho w roc It, and you havo gained experience Now, let u put tho money back into the savings bank " Albert mado no opposition He fill too much mortified and dlscourHirjcl at his losses to .visit to engage In any further fur-ther enterprise of a similar natttro As for tho petroleum eioJr it went dow n and dovv n till it ceased t h ivo a market value. Ihs lust quotations w ero ten cents a, share, and it would not command com-mand that now. Albert Grafton's lesson wns a severo one, bat it will couduco to hup mi-tient mi-tient (rood Ho b youug yet, uu I v . th industry nnd frug illly may earn o competence, l'or oco tpec'u'.atfr who makes a fortuno there nro ton vho fail Slow nnd sure la vorj apt to win the race. Horatio Alger, Jr , In Yankee llladc.