The cashier then brought the cash to Roy, who went away with it. He decided that the best thing he could do was to rent a saie deposit box for a year and place the money in it, and he did.
In the meantime Mr. Rowland's bookkeeper found out all about Roy's deal in L. Washington, who was much surprised to learn that the transaction had not after all come from Howland, and on his return he told the broker all he had found out, which information sur prised and mystified the trader. When Roy returned to the office, Mr. Howland called him into his room and asked him for an explanation of the matter.
So he told Mr. Perhaps you'll tell me how you came to risk nearly every cent you had on such an uncertainty. Scarcely a broker in the Street had any definite knowledge of the fact before the anneuncement was made in the Exchange, nearly a week later.
Howland regarded him fixedly. Washington to put your trans action through? Why couldn't you have come to me, stated the matter frankly, and asked me to do it for you? I should have done it in exchange for the advantage your tip would have afforded me. Besides, I could not have satisfied you as to the absolute reliability of my tip.
I knew what it was myself, but I could not expect to make another like your self see it in the same light. I wouldn't have felt able to offer you the explanation any more than I do now, after the whole thing is over.
Howland looked annoyed. You have been inoculated with the Wall Street fever, and one of two things is lik e ly fo happen-either you will neglect your duties in your en deavors to make money on the outside, or by attending strictly to your duties you will speculate under a severe handicap.
It is dangerous enough to engage in specula tion when you are able to give your whole time to it, but to do as I can s ,ee you contemplate doing it is simply a suicidal policy, financially considered. My advice to you is to quit the market now that you are ahead of the game, invest your money in good securities, and take a desk in my counting-room. Howland gasped. Not in Wall Street? You will learn through dear experience that you are merely an infant you think yourself a man.
In fact, I shall not be surprised to learn that you have been cleaned out a fortnight. When do you expect to resign? Sixteen days later Roy severed his connection with Mr. Didn't I say it plain enough? I'm only surprised he didn't fall in a fit when you told him. Are you going to start on that thousand you got from Lawyer Caldwell? That wouldn't more than pay a month's rent and furnish a small office. Did you strike an angel, as they call them in the theatrical business? I'm my own backer.
So you're going to be a broker? When do you start in? One large one for myself, and a small one adjoining for-guess who:" "I'll never guess who. I'm not a good hand at solving conundrums. She's going in business for herself as a public stenographer. You'd have to pay brokers' commissions the same as an outsider. Going to hire a bookkeeper? I'll be able to keep my own books at the start. Going to be your own mes aenger? Pve got one engaged. He's small and inexperi enced, but he'll learn in time "What will he learn?
How to warm the seat of the office chair? This is our station. Let's get out," and they did. There's one on the fourth floor that's just been given up by a broker who came here f. Who wants it? The janitor looked at the bill and then at Gilbert. He saw that the boy looked as though he might be worth money.
If you can fix up the matter with him call and 1 see me, and you can have the furniture as it stands. Gilbert, and they went down to the ground floor. The agent was not at first disposed to rent the office to E. Roy gave Mr. Howland as reference and then went to look up a guarantor for the rent.
He called on Lawyer Caldwell, who appeared glad to see him, told him how he was fixed financially, what he expected to do, and what he wanted him to do for him. The lawyer was surprised that he was going to open up as a broker at his age, but readily agreed to become security for a matter of eight months' rent.
With Mr. Caldwell's letter in his pocket he returned to the Atlas Building. The agent read the letter and said he was satisfied. He put it in his safe and then handed Roy a receipt for the first month's rent.
Gilbert hunted up the janitor, paid him for the furni ture, and hurried away to find a painter to put his name and Rosie's on the glass pane of the door. I guess I'm the youngest broker in the Street. I'm just eighteen years and a half old. Well, it's the young man who is coming to the front these There's lots of us, and we're going to let the world lalow that we're alive. He went straight to Rosie's hurrtble little home, where she lived and tended house for her old and nearly blind father.
I bought the furniture and fixings, just as they stood, and all I had to have done was to get a painter to put our names-yours and ,mine-on the door in gilt letters, Ev erything is now ready for business, and I want you to come and get acquainted with your quarters right away. I'll order some business cards printed to-morrow with your name, business, and address on them. He caught her around the waist and d1:ew her toward him. As he attempted to raise her face to his, she suddenly buried it on his shoulder.
Then he raised her lips t9 his and her. At that moment both seemed to be supremely happy. Shortly after he gave her the number of their offices in the Atlas Building, telling her to get out of the ele vator on the fourth floor. Then it was time for him to go home, and he left. Then her name on the door attracted her like a new toy does a child. After remaining an hour she went home, there beiug nothing for her to do.
In fact, she did not even have a machine yet, but Roy bought her one of the best that afternoon and arranged to have it delivered next day. The young broker put a st11nding card in the more im portant financial journals stating that he was prepared to buy and sell stocks on commission, in all kinds of investment securities.
It wasn't long before it got to be talked about in Wall Street that there was a boy broker in the Atlas Build ing. This report a good deal of curiosity among the traders. They wanted to know who the boy was, what had brought him into the Street, and whether he had a wad of any size or not.
The latter point a number of the 'brokers, who were not over particular how they made money so long as it came their way, and they kept within the pale of the law. A boy with money might be considered a regular cinch, and several of these foxy brokers began to sharpen up theil' shears in anticipation of clipping a little of Roy's wool, or, in other words, his mop. As a preliminary to their operations, they proceeded to make his acquaintance.
They dropped in singly and in pairs, ostensibly to in quire where the Chicago man had gone to, but really to establish a footing with Gilbert and to satisfy their curios ity a,s to whether the game was worth the candle.
Roy, however, hadn't been three years in Wall Street without learning a heap about brokers in general and cer tain ones in particular. So he distrusted the advances of hi! There were two or three, however, who were not dis courageq, and they persisted, hoping to land him in the end.
About noon on the first Saturday of Eoy's el'. Roy was dictating a letter to Rosie when he came in, and the undersized office boy took the yisitor'i; name over to the young broker's desk.
As soon as Gilbert was at li]Jerty he his caller what he coulcl do for him. Farmer Parker said he wanted to buy shares of a certain stock then going up, and had brought the money to put up on margin, viz. The transaction was soon put through, and the Long Island.
He got a satchel to take it fa the safe deposit vaults over Sunday, and was about to stow the bills in it when the door opened, and in walked Will and Grace Church. They advanced to greet the boy broker when, without the least warning, 'they, as well as the occupants of the office, were treated to a sudden shock.
A heavy missile struck the office window, wrecking the pane. The startled Roy sprang from his chair amid a shower of splintered glass. Will Church and his sister started back in tion, while the office boy looked thoi:oughly frightened. Gilbert's first impulse was to look through the broken pane, across the well which admitted light and air to the offices in that part of the building, in order to ascertain the cause of the trouble. He was just in time to catch a fleeting glimpse of the grinning and malicious countenance of Jim Crawford as that young rascal fled from an open window in a corri dor on the opposite side of the opening.
SKIN G-. Roy, hardly noticing Will and his sister, darted for the door leading out in the corridor, and ran around into the adjoining corridor which led to the place where he had seen Crawford, intent upon catching that young rascal.
When he reached the spot there was no sign anywhere o:f the former A. Roy hunted around and found a rear stairway, down which he sprang as rapidly as possible until he struck the entrance facing on the other street.
There were a dozen places along the block where Craw ford might be hiding, and Eoy, after looking up 11nd down the narrow thoroughfare, decided that there was little chance o:f his catching his young enemy at pres1mt. Who could have fired that stone? I was in hopes o f cat c hing him, but he was too spr y for m e.
Must cost you a good rent. Do you know? He said that I could go in with you on it, as h e didn t suppose I had any money myself. Ile knows we are frie ndly, and he said you ought to allow me a good rake off. Does he know I'm in business for myself? It is going now at Arnold s aid it w o uld b e up to 60 inside of a week, sure. It app e ared that Brobr Arnold had suggested to Will the advi s ability of his going to Gilbert without delay and brin g ing the tip to his notice, because he said no time was to be lo s t if they expected to get in on the ground floor.
I'll look into it. Will said he'd have to go, as he had snatched the time on the wing in order to rush the tip to him Roy thank e d him and he went away. Fifteen minutes afterward a man came in and asked to see Mr.
I want to deal with a strictly honest broker. One who hasn't learned all the tricks of the bu s iness. I've got a block of 5, shares of Kentucky Central I'd like to sell you.
It's worth 52, and is likely to go up, I guess; but I can't afford to hold it any longer. What kind of a deal can you make with me? I'll deposit the shares in any trust company you mention, and you can let me have ten per cent. I'll give you an hour to i! I've got some busi ne s s on South Street. I'll stop in on my way uptown. To his great surprise, there were several transactions in Kentucky Central on the tape, viz. Pratt's offer of 54 I'd got the stock below the market without either of us being the wiser I thought it would hug 52 for several days yet.
He won't sell at 54 when he comes back unless he fails to look at the ticker In a few minutes another quotation of K. Ee looked up the past performances of Kentucky Cen tral, and saw that it had not sold higher than 52 in six months, and had been down as low as Roy put on his hat with the intention of hunting up Broker Arnold and having a talk with him. When he reached the ground floor of the building he was surprised to see Mr Pratt talking to Broker Hague.
As he passed close behind them he heard Hague say: "You'd better go back in a few minutes We've put several wash sales through and boosted the price to Hague for this.
It is evident that he's taken me for an easy mark, and I came near proving his judgment to be correct. Pratt, Roy did not return to his office for nearly two hours.
When he finally got back his boy told him that Mr. Pratt had come in soon after he went out, had remained half an hour, and then left, saying that he would return later As Roy didn' t care to meet him he went out again, after looking at the ticker and noticing that there was another Kentucky Central quotation at k.
The figures, which he knew couldn't be sustained, gaY. He saw Mr Stark this time, told him that he was now in business for himself, and said that he wanted to sell 10, shares of Kentucky Central short. Hague sell it at 5 or ernn Stark whistled a little at the size of the boy's deal.
Washington at the Exchange, and sen t it over by his messenger An hour later this same messenge,r qarried a note to Roy at his office. It stated that W. Arnold suggested in a roundabout way that you'd better l et me in on it, didn't he?
He said you'd be able to work a deal on the strength of it, and I could get a good rake -off for putting you in the way of making a few thousands "Very kind of him," answered Roy sarcastically "Well, the whole thing was a put up job to do me out of as much money as possible "It was! Arnold--" "He acted as a sort of confederate in the matter becan. The scheme was engineered by a broker named John Hague, who has an office on this floor.
He's been tryiniS to rope me into something ever since I opened up here He calculated to fleece me to tlJ? It's too bad that it won't be Hague and his yet I'd like to sho'w him tha. Arnold should play me such a trick," said Will, in great disgust.
Next morning 1, shares of Kentucky Central were sold at Two days later the stock had receded to Roy chuckled as he saw the s l ump It was only what he had expected. C to cover his short sales The firm did so, getting it at an average price of 48i. I mean to do the best I can to show him that he was away off in his calcula tions. I'm in the business to stay, and if I am half way fo1tunate I guess my anchor will hold.
His name is John Hague George Arnold, however, was the one through whom the pointer came. Howland went to the Exchange next day agreed to his terms. This was bad enough, but when they learned that the "All right. Deliver them C. One morning Mr Howland came into Gilbert's office. The stock is to be delivered 0 0. If anyone should ask you who the stock is for you will simply say that it's for a customer of yours. I am not to be known in connection with the mat ter, you understand?
That's why I'm doing a portion of my buying through you. I guess you know when to keep your mouth shl1t and when to open it. I learned that in your office.
You never found me telling tales out of school and you never will "Yes, that's right. It's because I know I can trust you that I am taking you into my confidence in a very import ant matter.
I want you to get on the joh at once and lose no time. I authorize you to give if necessary, but no higher until you have communi cated with me. Howland went away and Gilbert started out to buy the stock.
He made no bones about calling on that gentleman, who happened to be in his office. Are you buying this for yourself? It's for a customer. Howland that he had se cured 25, shares, most of it at Next morning the stock opened at 85!
He was g-iven a leeway of onehalf per cent. Under these conditions he got hold of 12, more shares that day Then Mr. It took the bank's representative three days to get the at an average price of Two days afterward the Exchange began to howl over the stock, for it commenced to rise steadily until it struck!. In the meantime Rollie had accumulated quite a lot o f custom, and was doing very well indeed.
Among those who favored her with work was a young lawyer who had been struck with her beauty, and he was getting into the habit of calling on her with considerable frequency, bringing work each time as an excuse More than half of the typewriting he paid her: for he had no use for, and tore up as soon as he returned to his office on the floor abbve.
One afternoon when he called he was slightly under the influence of mint juleps, or somethmg else of that nature. He drew his chair up near her, and his attentions became embanassing to the girl. Gilbert was out at the time, or she would have told him that she wanted her visitor to go. Finally the lawyer, whose name was Gerald Ladelle, asked her if she wouldn't honor him by going to dinner with him, and afterward to.
The young lawy er. Rosie finally became desperate, and called the o. At thiE' point the telephone bell rang, and Rosie ran out to Hoy's desk to answer it. To her great relief and satisfaction she fou d that Roy was at the other end of the wire. After answering his questions she told him about the presence of Lawyer Ladelle, and how he persisted in re mairiing and annoying her with his attentions.
The lawyer, however, accompanied her as far as the cor ridor, and there she got away from him When Roy returned to the office he learned all the par ticulars from her He immediately called on Ladelle, carrying with him a quantity of work the lawyer had left with Rosie, and said a few plain things to him The young legal luminary resented his interference in tke matter, and told him to get out of his office or he"d throw him out "I don't think you will, Mr.
Ladelle," replied Roy coolly. The lawyer rose from his desk in an unsteady manner, and seemed about to carry out his threat. Gilbert wasn't afraid of him in the least, and was pre pared to look out for himself. I'm going, for I've said all I had to say; but I'll take no threats from you As a lawyer you ought to know better than to use Hereafter, you need not bring any more work to Miss Wood, for she will not receive it from you.
Ladelle, having learned from his boy that Gilbert was out, ventured to visit Miss Wood and try to square him self Rosie refused to listen to any explanation and asked him to go, which he did, very reluctantly. She told Roy when he returned that the lawyer had been in, and that she had refus ed to have anything more to do with him.
Then their lips met in a long, sweet kiss. She was very happy, for her dream when a flower girl was coming true. Hague had been. Roy explained to him that he never invested money that he couldn't at all times have direct control of himself. Here we know just what we can do, and are going to do. We know at exactly what pqint it will be safe to unload on the pub lic.
When we're out oI it the public will have the tock at a high figure, while we'll have the public's oney. The game is played every little while, ancl brokers are con stantly adding to their fortunes by a sure thing.
By going in with us you are really betting on a certainty. Roy put on his hat and followed his caller at a distance till he saw him enter Broker George Arnold's office. Howland who has interest enough in me 1;o offer to take me into a legitimate pool and give me 1;1n even show for a slice of the profits. It takes millions to operate with any chance of safety. Hague go in there Fifteen minutes later the three men came out together and headed for a Broad Street cafe Roy went to the swinging door and looke d in.
They were lined up at the bar. After a while they came out, and after standing a few minutes on the curb they separated, Hague going over to the Exchange. As he was crossing the street an automobile dashed down upon him. Roy saw the broker's peril, hallooed to him, and dashed forward The chauffeur put on his brakes and tooted his horn.
Hague looked up in a startled manner, saw what was coming, and sprang back. In doing so he tripped and fell Gilbert reached him just in time to grab him by the.. Hague sat up as white as a sheet, trembling all oYer. A crowd began to gather. Then he recognized his rescuer, and was dumbfounded. Roy him on his feet and began to brush him off. Hague," he said, leading him over toward the Exchange. I'm glad I was on hand to! Good-bye," and Roy left him at the door of the Exchange and returned to his office.
As he was preparing to close up, about four -o'clock, Broker Hague walked in and sat down near his desk. I don't want to die yet. I ain't fit to die. I don't feel as well as usual. I'll allow you one point leeway. Howland had little difficulty in getting the 20, shares, as the buying by the syndicate had only just com-menced He got it all on the outside of the Exchange, as Roy had told him to work it that way so.
Hague's associate brokers. He got it at 80 or k. As soon as he had completed the purchase he notified Roy of the fact, telling him that he held it subject to his orders. Will came into Gilbert's office that afternoon.
He had read in the morning papers the account of Roy's rescue of Broker Hague on Broad St;reet the afternoon before, and he was curious to learn how the broker in question had acted toward Roy. Hague is s u ch a gqod friend of yours, too, I don't think. If he puts up any more jobs on you after this he'll be a pretty small kind of man Roy thought it well to change the subject, and he began talking abot so:metliing else. When half past four came around Rosie :finished work for the day, and then Roy told Will that he was.
The boys wal ked with the girl as far as Brooklyn Bridge and then took the subway for Harlem. Roy now kept a sharp eye on the ticker for developments iI. On the :fifth day it was up to The stock was grad u ally cornered by the pool and became pretty scarce.
As soon as the syndicate got hold of all that was in :iight, their brokers started to bid the Pl'ice up. Roy was now momentarily expecting to receive from Mr. Hague the magic word "Unload," and he had notified Mr Howland to De prepared to work the s tock off in small lots as soon as he handed in his order to sell.
When the price reached he r e ceiv e d the tip from Broker Hague, and passed it on to Mr. The demand for the shares was so heavy that the syn dicate didn t have to take a share of Roy's 20, Every one went to outsiders, who were crazy to get it. Roy got an average of ! Accord ing to our arrangement, you were to enter into a ljfe partnership with me as soon as I had made half a million.
The time has come, therefore, when we must carry out the terms of our bargain Are you ready, little sweetheart? He was nabbed by a detective before he had been in the city twenty four hours Ultimately he was sent to the Elmira Reformatory for two years.
Not only was Mr. Howland at Roy's wedding, but Mr. John Hague was present, and the bride received from him a handsome and vaiuable present. Terms to Subscribers. One Copy Three nontHll One Copy Six nonths. One Copy One Year Postage Free. When sending silver wrap the coin In a separate piece ot paper-to a.
W1ite 11our name and address plai11l1. Address lette1 s to Frank l'ousey, PubUsl1er, :. Z-4 Union Sq. The largest automobile in the world is being co'nstructed for e. Parisian docttJr. The scene opens upon the campus of a boarding-school for boys in Connecticut. How does that suit you? You and the fellows can see me attempt it tonight," sa d Joe, courageously, and the boys then all trooped back to the boarding school to prepare themselves for supper.
At nine o'clock that night, when every one in the Academy was supposed to be in bed, Joe and half a dozen of the boys quietly stole from the school and made their way toward the shore of the Sound, where the haunted cavern was.
Within a few minutes the boys came in sight of the rocks, and halted where they were, not caring to approach them any nearer. Joe kept on, however, and called back cheerily to them: "You can all see me go down into the cave from here, boys, so you'll know I ain't cheating; and if you'll stay here till six o'clock to-morrow morning, you'll see me return as safe and sound as ever. There was a fisherman's shanty, some distance away from them, in which dwelt an old man named Peter Bray, who gained a meagre living by fishing and selling in the village what he caught.
He was an eccentric hermit, with gray mustache and side whiskers, whom the boys detested, as he embraced every op portunity of doing them all the injuriee1 he could, whenever they ventured down to the beach near the cave. It was the entrance of an enormous cavern which bore the tradition among the surrounding old settlers of having once been a rendezvous of the celebrated pirate, Captain Kidd.
Very few people had ever explored it, as it had the reputa tion of being not only a dangerous hole, but also of harboring ghosts. Joe lit a match in the cavern, to show his companions that he had really ventured into the cavern, and ignited a candle.
By this dim light he advanced into the aperture, and found himself in a natural corridor in the stone, with pools of rain water dotting the floor, and spider webs festooning the walls and ceiling.
Joe kept his eyes and ears wide open as he proceeded, and soon heard the muffied sounds of footsteps some distance ahead. Upon reaching the end of the passage, Joe peered in, re coiled, and hardly suppressed a startled cry at what he saw. Going through the cavern was the reputed ghost of the place. It was a tall object, from which a red glow was emanating all over, in the form of a human being coveTed with a sheet.
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