Automobile industry and trade -- Fiction; Business -- Fiction; Fathers and sons -- Fiction; Finance -- Fiction; Young men -- Fiction
Tommy left Rivington early and went home to dress for dinner. He found
his father in the library reading the exasperating _Evening Post_.
Mr. Leigh looked up quickly. “Well, Thomas, did you have any luck
to-day?”
“Colonel Willetts promised to take two hundred shares for Rivington and
Marion. He was not what you'd call enthusiastic.”
“I understand he never is,” said Mr. Leigh, so peevishly that Tommy
looked at him in surprise. “Did you tell him what the company had been
making?”
“Oh yes! What he didn't like was that, no matter how well the company
may do, under Mr. Thompson's new plans the stockholders won't get all
the profits in dividends.”
“Did you tell him that the present stockholders are willing to subscribe
for all the new stock?”
“I told him the capital was provided for, but I had this chance to
interest personal friends.” Mr. Leigh frowned angrily. Tommy, who had
never before seen such a look on his father's face, said, soothingly:
“He took me at my word. Rivington and Marion are my best friends.”
“Did you tell him that your company would be a dividend-payer when other
concerns less far-seeing would be passing their dividends? Did you point
out to him the trend of political thought in this country? Did you tell
him that his own real-estate holdings in New York City, by reason
of municipal extravagance, political maladministration, general
inefficiency, and lack of co-operation among landlords, were not the
safest investments? Did you tell him that Thompson realizes clearly the
changed attitude of the entire world toward property rights and capital
and toward the rights of the producing classes? Did you tell him that a
man who is wise enough to be content with eight per cent, on his money
now when he might get twenty per cent, is more likely to be getting
the same eight per cent. when to-day's twenty-per cent. payers will be
writing off the loss of principal to-morrow? Did you?”
Mr. Leigh's vehemence and the accusing ring of his voice astonished
Tommy.
“No, I didn't,” he answered.
Mr. Leigh calmed down as suddenly as he had flared up.
“And you did not point out to him the absurdly low overhead charge and
the remarkable relation of your gross sales to your capital, and the
complete adequacy of the financial and mechanical machinery of the new
company to meet all emergencies, good and bad alike?”
“Well, I thought the figures spoke for themselves.”
“Thomas,” said Mr. Leigh, sternly, “figures don't speak to the
average man, and often not even to the expert. The man behind the
figures--that's what counts.”
An icy hand squeezed Tommy's heart. An expert at figures had paid for
his education. The only figures that now came into his throbbing mind
were: seventeen thousand dollars! And the man behind those figures was
his own father!
“You must see Willetts again,” said Mr. Leigh, quietly. “Perhaps I'd
better explain the figures to him myself, Thomas.”
Public-domain text, read in full here on John Shaqi.
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