Joseph and His Friend: A Story of PennsylvaniaTaylor, Bayard
General
Joseph and His Friend: A Story of Pennsylvania
Taylor, Bayard
Pennsylvania -- Fiction
"_This_ might be done," Mr. Blessing continued. "It is not certain that
all the stockholders have yet paid. I will look over the books, and if
such be the case, your delay would not be a sporadic delinquency. If
otherwise, I will endeavor to gain the consent of my fellow-directors to
the introduction of a new capitalist, to whom a small portion of your
interest may be transferred. I trust you perceive the relevancy of this
caution. We do not mean that our flower shall always blush unseen, and
waste its sweetness on the oleaginous air; we only wish to guard against
its being 'untimely ripped' (as Shakespeare says) from its parent stalk.
I can well imagine how incomprehensible all this may appear to you. In
all probability much of _your_ conversation at home, relative to crops
and the like, would be to me an unknown dialect. But I should not,
therefore, doubt your intelligence and judgment in such matters."
Joseph began to grow impatient. "Do I understand you to say, Mr.
Blessing," he asked, "that the call for the fifth instalment _can_ be
met by the sale of a part of my stock?"
"In an ordinary case it might not—under the peculiar circumstances of
our operation—be possible. But I trust I do not exaggerate my own
influence when I say that it is within _my_ power to arrange it. If you
will confide it to my hands, you understand, of course, that a slight
formality is necessary,—a power of attorney?"
Joseph, in his haste and excitement, had not considered this, or any
other legal point: Mr. Blessing was right.
"Then, supposing the shares to be worth only their par value," he said,
"the power need not apply to more than one-tenth of my stock?"
Mr. Blessing came into collision with a gentleman passing him. Mutual
wrath was aroused, followed by mutual apologies. "Let us turn into the
other street," he said to Joseph; "really, our lives are hardly safe in
this crowd; it is nearly three o'clock, and the banks will soon be
closed."
"It would be prudent to allow a margin," he resumed, after their course
had been changed: "the money market is very tight, and if a _necessity_
were suspected, most capitalists are unprincipled enough to exact
according to the urgency of the need. I do not say—nor do I at all
anticipate—that it would be so in your case; still, the future is a sort
of dissolving view, and my suggestion is that of the merest prudence. I
have no doubt that double the amount—say one-fifth of your stock—would
guard us against all contingencies. If you prefer not to intrust the
matter to my hands, I will introduce you to Honeyspoon Brothers, the
bankers,—the elder Honeyspoon being a director,—who will be very ready
to execute your commission."
Public-domain text, read in full here on John Shaqi.
Reviews
Reviews
No reviews yet
Be the first to share your thoughts on this work.
Elsewhere in the archive
Join the Discussion
Join the discussion
Sign in to leave a comment or review.
Sign InorCreate an account