Joseph and His Friend: A Story of PennsylvaniaTaylor, Bayard
General
Joseph and His Friend: A Story of Pennsylvania
Taylor, Bayard
Pennsylvania -- Fiction
With a hearty laugh at his own smartness, he shook the "rising
politician's" hand, and left the Wharf-Rat with Joseph.
"We can talk here as well as in the woods," he said. "Nobody ever hears
anything in this crowd. But perhaps we had better not mention the
Amaranth by name, as the operation has been kept so very close. Shall we
say 'Paraguay' instead, or—still better—'Reading,' which is a very
common stock? Well, then, I guess you have come to see me in relation to
the Reading?"
Joseph, as briefly as possible, stated the embarrassment he suffered, on
account of the continued calls for payment, the difficulty of raising
money for the fifth instalment, and bluntly expressed his doubts of the
success of the speculation. Mr. Blessing heard him patiently to the end,
and then, having collected himself, answered:—
"I understand, most perfectly, your feeling in the matter. Further, I do
not deny that in respect to the time of realizing from the Am—Reading, I
should say—I have also been disappointed. It has cost me no little
trouble to keep my own shares intact, and my stake is so much greater
than yours, for it is my _all_! I am ready to unite with the Chowder, at
once: indeed, as one of the directors, I mentioned it at our last
meeting, but the proposition, I regret to say, was not favorably
entertained. We are dependent, in a great measure, on Kanuck, who is on
the spot superintending the Reading; he has been telegraphed to come on,
and promises to do so as soon as the funds now called for are
forthcoming. My faith, I hardly need intimate, is firm."
"My only resource, then," said Joseph, "will be to sell a portion of my
stock, I suppose?"
"There is one drawback to that course, and I am afraid you may not quite
understand my explanation. The—Reading has not been introduced in the
market, and its _real_ value could not be demonstrated without betraying
the secret lever by which we intend hoisting it to a fancy height. We
could only dispose of a portion of it to capitalists whom we choose to
take into our confidence. The same reason would be valid against
hypothecation."
"Have _you_ paid this last instalment?" Joseph suddenly asked.
"N—no; not wholly; but I anticipate a temporary accommodation. If Mr.
Spelter deprives me of Clementina, as I hear (through third parties) is
daily becoming more probable, my family expenses will be so diminished
that I shall have an ample margin; indeed, I shall feel like a large
paper copy, with my leaves uncut!"
He rubbed his hands gleefully; but Joseph was too much disheartened to
reply.
Public-domain text, read in full here on John Shaqi.
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