"Why, Tom, there was a time when I was stone broke--by golly, even my
creditors were broke, which is an awful thing; and everything depended
on my getting the right backing on the proposition that saved me. Do you
think any one of those sleuth-hounds were on? Not on your life. I was
living at the biggest hotel, in the biggest suite, spilling money all
over the city--on tick, of course. And, say, in the critical week, when
I was dodging my own tailor, I sent the missus (she didn't know
anything, either) up to Fifth Avenue to buy a $100,000 necklace. That
settled it. The other fellows, the fellows whose brains wind up like
clocks, couldn't figure it out. I got my backing."
"But supposing you hadn't," said Bojo involuntarily. He had been
listening to this recital open-eyed like a child at a circus. "What
would have happened?"
Drake laughed contentedly. "There you are. That's all the other fellow
could figure on. Now don't imagine you can do what I did--you can't. I
suppose there's no use telling you not to speculate, because you're
going to, no matter what you think now. You will; because the young
fellow who goes into Wall Street and doesn't think he's a genius in the
first three months hasn't been born yet! But the first time it comes
over you, throw only a third of your capital out of the window. Do you
get me?"
"I won't do that," said Bojo resolutely.
"Go on. Do. You ought. It's cheap at that! I paid seven hundred thousand
for the same information," said Drake, giving him his hand. He caught
his shoulder in his powerful grip and added: "If you get in too much
trouble, come to me! Remember that and good luck!"
CHAPTER VI
BOJO OBEYS HIS GENERAL MANAGER
Three months after his entry into Wall Street, Bojo emerged from his
bedroom into the communal sitting-room in a state of tense excitement.
The day before he had taken his first plunge into the world of
speculation and bought a thousand shares of Indiana Smelter on a twenty
per cent. margin. This transaction, which represented to his mind the
inevitable challenge at the gates of fortune, had left him in a turmoil
through all the restless night. He had taken the decision which was to
decide his future only after a long wrestling with his conscience.
At first he had imposed a limit, promising himself that he would not
touch a penny of his $50,000 capital until he should know of his own
knowledge. Gradually this time limit had contracted. Speculation was in
the air, triumphant and insidious. The whole market was sweeping up
irresistibly. The times were dramatic. Golden opportunity seemed within
every one's grasp. Expansion, development, amalgamation were on every
tongue. Roscoe Marsh had made a hundred thousand on paper. Even Fred
DeLancy had won several turns which had netted him handsome profits.
Public-domain text, read in full here on John Shaqi.
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