“Oh, fair! Fair!” admitted Bob Keown amiably. “About a week’s
wages--unless you guys promise to present it to me as a slight but
sincere token of the esteem in which you hold the nicest man in the
office. Do I hear the presentation speech? No? Very well. I shall let
the stock market buy it for me!”
“Why do you want a sable coat?” asked Ed Harding.
“It would look particularly well on a man of my inches,” replied Bob,
drawing himself up.
“And how did you say you were going to pay for it?” asked Jim Murphy,
who was the star tip-chaser of the office.
“By a judicious investment of a temporary character, James. That’s
how,” answered Bob, who knew that Murphy merely wanted a tip.
Sure enough, Jimmy asked, “What stock are you going to buy?”
“Wrong as usual, friend. This is no time to buy anything. I propose to
sell five thousand Steel. It ought to go down ten points at the least.
I’ll just take two and a half points net. That is conservative, isn’t
it?”
“What do you hear about it?” asked Murphy eagerly. He was a tall thin
man with black hair and a hungry look, due to his never going out to
lunch for fear of missing something on the tape.
“I hear that coat’s the most becoming I ever planned to get.” He turned
to Harding and said, “Ed, sell five thousand U.S. Steel common at the
market. To-day, darling!”
He was a plunger, Bob was, and liked to indulge in humorous talk. It
was his way of letting the world know that he had an iron nerve. He
sold five thousand Steel, and the stock promptly went up. Not being
half as big an ass as he seemed when he talked, Bob stopped his loss
at one and a half points and confided to the office that the New
York climate was too benign for fur coats. They were unhealthy and
ostentatious. The rest of the fellows jeered. But it was not long
before one of them bought some Union Pacific to pay for the coat. He
lost eighteen hundred dollars and said sables were all right for the
outside of a woman’s wrap, but not for the inside of a garment intended
to be worn by a modest and intelligent man.
After that, one after another of the fellows tried to coax the market
to pay for that coat. One day I said I would buy it to keep the office
from going broke. But they all said that it wasn’t a sporting thing to
do; that if I wanted the coat for myself I ought to let the market give
it to me. But Ed Harding strongly approved of my intention and that
same afternoon I went to the furrier’s to buy it. I found out that a
man from Chicago had bought it the week before.
That was only one case. There isn’t a man in Wall Street who has
not lost money trying to make the market pay for an automobile or a
bracelet or a motor boat or a painting. I could build a huge hospital
with the birthday presents that the tight-fisted stock market has
refused to pay for. In fact, of all hoodoos in Wall Street I think the
resolve to induce the stock market to act as a fairy godmother is the
busiest and most persistent.
Public-domain text, read in full here on John Shaqi.
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