John Henry Smith: A humorous romance of outdoor lifeAdams, Frederick Upham
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John Henry Smith: A humorous romance of outdoor life
Adams, Frederick Upham
Humorous stories; Outdoor life -- Fiction
"We won this foursome, Smith, ten up and eight to play," he said. "Sit
down and I'll tell you how we stand. I put the market up to 175. Could
have put it to a thousand if it had been necessary, but what's the use?
There is a short interest of 60,000 shares. Most of them are in the
outer offices waiting to come in and settle. I'm going to let 'em off
easy, Smith. Those who were extra dirty will settle at 200, and I've
made a sliding scale down to 150, which is about what N.O. & G. is
actually worth as an investment. Outside of your original 45,000 shares
you have profits coming to you on about 20,000 shares which I bought for
you at various figures on the way up. Roughly speaking it will net you
somewhere between a million and a half and two millions, depending on
how merciful we are to your 'conspirators.' How much will it cost you to
take up your 45,000 shares?"
[Illustration: "Ten up and eight to play"]
I consulted the statement of my account with Morse & Davis, my brokers
in these transactions.
"I have paid them $1,525,000, which margined it down to 30," I said.
"In order to take the stock up I must pay them about $1,375,000 more,
making my investment in N.O. & G. a total of $2,900,000."
"Tell you what I'll do, Smith," said Mr. Harding. "If you care to get
out of this deal I'll take that block of 45,000 shares off your hands at
$150 a share. That's $6,750,000," he concluded after making a rapid
calculation.
"Thank you," I said, "but I've decided to hold it as an investment and
go into the railroad business."
"Good for you, Smith!" he heartily exclaimed. "Mark my prediction; N.O.
& G. will go to 200 before the first of the year. You've done fairly
well for a beginner, my boy. Your investment and the contributions of
the wicked 'conspirators' net you between five and six millions. That's
better than sweating over that 'Bronze Gent,' now isn't it?"
The magnitude of my winnings nearly took my breath, and I fear that my
expression and words showed it.
"You'll have to get out of here now, Smith," said Mr. Harding, glancing
at his watch. "Take the folks for a ride or something to entertain them,
and come back here at 5:30. Then we'll all go to dinner somewhere and
take the nine o'clock train for Woodvale."
ENTRY NO. XXI
I AM ENTIRELY SATISFIED
For an hour I have been seated at a table on the veranda of the Woodvale
club house looking over the pages of this diary.
Certainly I am entitled to a new sobriquet. As a youngster I was called
"Socks Smith." In more recent years I have been hailed as "Foxy Old
Smith," and by a few friends as "Old Prog. Smith," but as I review my
record for the past two months it seems to me that I am fairly entitled
to be called "Lucky Smith."
Public-domain text, read in full here on John Shaqi.
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