“I had, of course, noticed it; but I had not mentioned it to Ethel. ‘I
read the papers now,’ she explained, ‘morning and evening. Of course the
market is off a little on account of the bank statement. But that is not
enough to account for the Petunias.’”
“‘Ethel, you are nervous,’ I said. ‘And it is the papers which make you
so. The Petunias are a first lien on the whole property, of which the
assessed valuation--’”
“‘What is the good,’ she interrupted, ‘of a first lien on something
which depends on politics for its existence, if the politicians change
their minds? Did you not see that bill they’re thinking of passing?’
I was startled by what Ethel told me, for the article in the paper had
escaped my notice. But Mr. Beverly explained it to me in a couple of
minutes. ‘Ha!’ he jovially exclaimed, on my entering his office on
Monday morning; ‘you want to know about Petunias. They opened at 85
I see.’ He then ran the tape from the ticker through his clean strong
hands. ‘Here they are again. Five thousand sold at 83. Now, if they
go to 70, I’ll very likely take ten thousand more for mother. It’s all
Frank Smith’s bluff, you know. He wants a jag of the water-works stock,
more than they say they agreed he should have. So he’s shaking this bill
over them, which would allow the city to build its own water-plant, and
of course run the present company out of business. Not a thing in it!
All bluff. He’ll get the stock, I suppose. What’s that?’ he broke off to
a clerk who came with a message. ‘Wants 500 preferred does he? Buyer
30? Very well, he can’t have it. Say so from me. Now,’ he resumed to me,
‘take a cigar by the way. And don’t buy any more Petunias until I tell
you the right moment. Do you see where your Amalgamated Electric has
gone to?’”
“I had seen this. It had scored a 20-point rise since my purchase of
it; and I felt very sorry that I had not taken Mr. Beverly’s advice
and bought a thousand shares. It had been on a day when I had felt
unaccountably cautious, and I had taken only two hundred and fifty
shares of Amalgamated Electric. There are days when one is cautious and
days when one is venturesome; and they seem to have nothing to do with
results.”
“‘They’re going to increase the dividend,’ said Mr. Beverly, as I smoked
his excellent cigar. ‘It’s good for twenty points higher by the end of
the week. I had just got mother a few more shares.’”
“I left Mr. Beverly’s office the possessor of two thousand shares of
Amalgamated Electric, and also entirely reassured about my Petunias. He
always made me feel happy.”
Public-domain text, read in full here on John Shaqi.
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