"Well, where are my wits wandering to?" he cried. "Why, that was one
of the things I particularly meant to speak of, Jim, because I knew if
I didn't, you might have your breath taken away. You see, times have
changed in the stock market, altogether. Where once it was a rich
man's game, now everybody plays it. The clerk on his twelve dollars a
week reads the stock column with just as much care as the millionaire,
perhaps with more. The coachman the butler and the chauffeur, even the
maid and the milliner, keep their ears open, and when an employer
plunges, he carries a lot of people and a lot of money, of whom
and of which he is entirely unconscious, along with him. So a copper
stock, to be attractive to the general public to-day, has got to be a
low-priced one; and of course that means a larger capitalization. Ten
years ago, if you'd asked me the same question, I'd have said,
'Capitalize at ten thousand shares, at a par of a hundred,' and I
guess, for that time, that would have been about right. For that time,
you understand, but--"
Mason interrupted. "For that time, or for any time," he said
positively, "that would have been right then, and it's right to-day,
too. I'm agin' these big capitalizations, and that's just why I asked
you for the information. Ten thousand shares, and par a hundred
dollars. That's my ideas. What do you say, Jack?"
Harrison nodded, with, for him, unusual decision. "I guess that's
about the regular thing," he answered, "leastways, in this state.
That's what the Orono's in at, and the Hawkeye, and the Iroquois's
only got five thousand, but they're a smaller proposition than the
others. Yes, I guess for us ten thousand, and par a hundred, just
about hits things right."
Gordon shook his head vigorously. "No, no," he cried, "you're wrong,
both of you. But it's only because, as Jack just said a few moments
ago, you're not in touch with market conditions in just the same way
that I am. A big capitalization and a low par are the two things that
are going to benefit everybody. They're going to help us make money,
and that's going to help develop the mine, and, better than anything
else, it's going to give lots of poor devils a chance to get into a
really good thing at a moderate price, instead of wasting their good
money on the first wildcat scheme that comes along, some kind of a
fake mine that doesn't exist at all except on paper. Really, I hope
you'll be willing to take my judgment on this; I'm right; I'm sure of
it, or I wouldn't say so."
Both Mason and Harrison looked puzzled. There was a moment's silence.
Then Mason, asked abruptly, "Well, what do you call right, then?"
Public-domain text, read in full here on John Shaqi.
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