Ned Wilding's Disappearance; or, The Darewell Chums in the CityChapman, Allen
General
Ned Wilding's Disappearance; or, The Darewell Chums in the City
Chapman, Allen
Adventure stories; Boys -- Juvenile fiction; High school students -- Juvenile fiction; New York (N.Y.) -- Juvenile fiction
When he learned that he was to visit his aunt and uncle in New York he
decided to put into operation a plan he had long had in mind; ever
since, in fact, he got the thousand dollars damages which were paid to
him and his chums by Mr. Ricka, as told in the first volume of this
"Darewell Chums Series."
Mr. Wilding, after much solicitation on Ned's part, had allowed his son
to take one hundred dollars of the money to invest in any way he saw
fit, subject to certain restrictions.
"I'll not let you buy gold bricks with it, of course," Mr. Wilding had
said, "and I advise you not to invest it in alleged counterfeit money or
'green goods.' But anything else in reason you may do. It's your first
real business venture, and it will be good for you to learn by
experience. I had to when I was a boy."
"How about buying oil stock?" Ned had asked. "I have been reading that
up lately."
Mr. Wilding smiled behind the paper he was reading.
"I warned you against gold bricks," he said.
"Oh, but this is a legitimate oil business," Ned replied. "The company
advertises in the best magazines, and is only selling stock low for a
few days. By February first it is going to five dollars a share. It's
only fifty cents now. Why, they have testimonials from prominent men,
and an expert writes that the oil wells of the Mt. Olive concern are the
richest ever seen. They have one well that runs a hundred barrels a day
and they haven't it half bored yet."
"Ned," said Mr. Wilding, and he spoke a little gravely, "I'm not going
to stand in your way. I've allowed you to take that hundred dollars to
invest as you please. Now I'm not going to advise you. If I did I might
as well invest the money myself. I want you to learn to be a business
man and the best way to learn is by experience, though it isn't always
the easiest way. If you want to buy stock in that oil company do so. If
you get 'bitten' you do so with your eyes open."
"Don't you think it's a good investment, father?"
"I'm not going to say. Sometimes those concerns pay well, and again
they do not. It's an operation such as business men enter into every
day, and in this case, as far as you are concerned, it is legitimate,
since you are going to buy the stock outright, and not speculate in it
by buying on a margin. As I said, I will not advise you. Buy that stock
if you want to, and I'll say nothing which ever way the cat jumps. It's
your money and you will have to foot the bill. I wouldn't risk more than
a hundred dollars though."
"That will give me two hundred shares at fifty cents each," Ned replied,
figuring on the back of an envelope. "If it goes to five dollars a share
I'll make nine hundred dollars profit. That would be fine!"
"So you've decided to buy it, eh?"
"I think so. I'll get it when I go to New York to Uncle Kenfield's
house."
"Very well, Ned. You may do so. Only remember one thing, just repeat to
yourself that old proverb about counting your chickens before they're
hatched."
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.
Join the Discussion
Join the discussion
Sign in to leave a comment or review.
Sign InorCreate an account