Get-Rich-Quick Wallingford: A Cheerful Account of the Rise and Fall of an American Business BuccaneerChester, George Randolph
General
Get-Rich-Quick Wallingford: A Cheerful Account of the Rise and Fall of an American Business Buccaneer
Chester, George Randolph
Businessmen -- Fiction; New York (N.Y.) -- Fiction; Swindlers and swindling -- Fiction
In the meantime J. Rufus took a flying trip to Chicago, where he visited
one broker's office after another. Those places with fine polished
woodwork and brass trimmings and expensive leather furniture he left
without even introducing himself--such stage settings were too much in
his own line of business for him not to be suspicious of them--but,
finally, he wandered into the office of Fox & Fleecer, a dingy, poorly
lighted place, where gas was kept burning on old-fashioned fixtures all
day long, where the woodwork was battered and blackened, where the
furniture was scratched and hacked and bound together with wires to keep
it intact, and where, on a cracked and splintered blackboard, one small
and lazy boy posted, for a score or so of rusty men past middle age, the
fluctuating figures of the Great Gamble. Mr. Fox, a slow-spoken and
absolutely placid gentleman of benevolent appearance and silvery
mutton-chop whiskers, delicately blended the impressions that while he
was indeed flattered by this visit from so distinguished a gentleman,
his habitual conservatism would not allow him to express his delight.
"How much money can you be trusted with?" asked Wallingford bluntly.
"I would not say, sir," rejoined Mr. Fox with no resentment whatever.
"We have been thirty years in these same offices, and we never yet have
had enough in our hands to make it worth while for us to quit business.
Permit me to show you our books."
His ledger displayed accounts running as high as two hundred and fifty
thousand dollars that had been intrusted to their care by single
individuals. But thirty years in business at the same old stand! He
insisted gently upon this point, and Wallingford nodded his head.
"Before I'm through I'll make all these bets look like cigar money," he
asserted, "but just now I'm going to put fifty thousand in your hands,
and I want it placed in exactly this way: Monday morning, with ten
thousand dollars buy me one hundred thousand bushels of December wheat
on a ten-cent margin. No more money will be put up on this deal, so
place a stop-loss order against it. If wheat drops enough to wipe out
the ten thousand dollars, all right; say nothing and report the finish
of the transaction to me. I'll do my own grinning. If wheat goes up
enough to leave me five cents a bushel profit, clear of commissions,
close the deal and remit. On the following Monday, if wheat has gone up
from the quotations of to-day, sell one hundred thousand bushels more at
ten cents margin and close at a sufficient drop to net me five cents
clear. If it has gone down, buy. Do this on five successive Mondays and
handle each deal separately. Get me one winning out of five. That's all
I want."
Mr. Fox considered thoughtfully for a moment, carefully polishing his
bald, pink scalp around and around with the palm of his hand. He gave
the curious impression of being always engaged with some blandly
interesting secret problem along with the business under consideration.
Public-domain text, read in full here on John Shaqi.
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