Love stories; Success -- Fiction; United States -- Social life and customs -- Fiction; Youth -- Fiction
"If your friends want to sell, bring in the shares and I'll see what I
can do with them," said Burton. "The outsiders are sure to act soon.
This spurt right now may have nothing back of it. The town's full of
gossip about the company and it ought to send the price down. Your
friend Porter's a smooth one. He was in once, a long time ago, but he
knew when to get out all right." Wheaton laughed with Burton at this
tribute to Porter's sagacity, but he laughed discreetly. He did not
forget that he was a bank officer and dignity was an essential in the
business, as he understood it.
Within a few days two more checks from Porter to Peckham passed through
the usual channels of the bank. By the simple feat of dividing the
amount of each check by the current quotation on Traction, Wheaton was
able to follow Porter's purchases. The price had remained pretty steady.
Then suddenly it fell to thirty. He wondered what was happening, but the
newspapers, which were continuing their war on the company, readily
attributed it to a lack of confidence in the franchise. Wheaton met the
broker, apparently by chance, but really by intention, in the club one
evening, and remarked casually:
"Traction seems to be off a little?"
"Yes; there's something going on there that I can't make out. I imagine
that the fellows that were buying got tired of stimulating the market,
and have thrown a few bunches back to keep the outsiders guessing."
"Right now might be a good time to get in," suggested Wheaton.
"I should call it a good buy myself. I guess that franchise is all
right. Better pick up a little," he said, tentatively.
"To tell the truth," said Wheaton, choosing his words carefully, "those
out of town people I spoke to you about have written me that they'd
like a little more, if it can be got at the right figure. You might pick
up a hundred shares for me at the current price, if you can."
"How do you want to hold it?"
"Have it made to me," he answered. He had debated whether he should do
this, and he had been unable to devise any method of holding the stock
without letting his own name appear. Porter would not know; Porter was
concealing his own purchases. Wheaton could not see that it made any
difference; he was surely entitled to invest his money as he liked, and
he raised the sum necessary in this case by the sale of some railroad
bonds which he had been holding, and on which he could realize at once
by sending them to the bank's correspondent at Chicago. He might have
sold them at home; Porter would probably have taken them off his hands;
but the president knew that his capital was small, and might have asked
how he intended to reinvest the proceeds.
"Of course this is all confidential," said Wheaton.
"Sure," said Burton.
"And when you get it, telephone me and I'll come up and settle," said
Wheaton.
Public-domain text, read in full here on John Shaqi.
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