Social problems -- Fiction; Socialism -- Fiction; United States -- Fiction; Young men -- Fiction
That was the argument. Old Ephraim had never thought of a broken back in
connection with the hoeing of corn. There were four acres in the field,
and every spring he had plowed and harrowed it and planted it and
replanted what the crows had pulled up; and all summer long he had
hoed and tended it, and in the fall he had cut it, stalk by stalk,
and stacked it; and then through October, sitting on the bare bleak
hillside, he had husked it, ear by ear, and gathered it in baskets--if
the season was good, perhaps a hundred dollars' worth of grain. That
was the way one worked to create a hundred dollars' worth of Value; and
Manning had paid as much for the fancy-mounted shotgun which stood in
the corner of his room! And here was the great fourteen-million-dollar
Glass Bottle Trust, with properties said to be worth twenty-five
million, and the control of one of the great industries of the
country--and stock which might easily go to a hundred and fifty in a
single week!
“Boys,” said the old man, sadly, “it won't be me that will spend this
money. And I don't want to stand in your way. If you're bent on doing
it--”
“We are!” cried Adam.
“What do you say, Samuel?” asked the father.
“I don't know what to say,” said Samuel. “It seems to me that three
thousand dollars is a lot of money. And I don't see why we need any
more.”
“Do you want to stand in the way?” demanded Adam.
“No, I don't want to stand in the way,” said Samuel.
And so the decision was made. When they came to give the order they
found themselves confronted with a strange proposition; they did not
have to buy the whole stock, it seemed--they might buy only the increase
in its value. And the effect of this marvelous device would be that they
would make ten times as much as they had expected to make! So, needless
to say, they bought that way.
And they took a daily paper and watched breathlessly, while “Glass
Bottle Securities” crept up from sixty-three and an eighth to sixty-four
and a quarter. And then, late one evening, old Hiram Johns, the
storekeeper, drove up with a telegram from Manning and Isaacson, telling
them that they must put up more “margin”--“Glass Bottle Securities” was
at fifty-six and five eighths. They sat up all night debating what this
could mean and trying to lay the specters of horror. The next day Adam
set out to go to the city and see about it; but he met the mail on the
way and came home again with a letter from the brokers, regretfully
informing them that it had been necessary to sell the stock, which
was now below fifty. In the news columns of the paper they found the
explanation of the calamity--old Henry Lockman had dropped dead of
apoplexy at the climax of his career, and the bears had played havoc
with “Glass Bottle Securities.”
Public-domain text, read in full here on John Shaqi.
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