The Making of Bobby Burnit: Being a Record of the Adventures of a Live American Young ManChester, George Randolph
General
The Making of Bobby Burnit: Being a Record of the Adventures of a Live American Young Man
Chester, George Randolph
Businessmen -- Fiction; Love stories; Young men -- Fiction
Within a very few days was completed the complicated legal machinery
which threw the John Burnit Store and Trimmer and Company into the
hands of "The Burnit-Trimmer Merchandise Corporation" as a holding and
operating concern. The John Burnit Store went into that consolidation
at an invoice value of two hundred and sixty thousand dollars, Trimmer
and Company at two hundred and forty thousand; and Bobby was duly
pleased. He had the majority of stock! On the later suggestion of Mr.
Trimmer, however, sixty thousand dollars of additional capital was
taken into the concern.
"The alterations, expansions, new departments and publicity will
compel the command of about that much money," Mr. Trimmer patiently
explained; "and while we could appropriate that amount from our
respective concerns, we ought not to weaken our capital, particularly
as financial affairs throughout the country are so unsettled. This is
not a brisk commercial year, nor can it be."
"Yes," admitted Bobby, "I've heard something of all this hard-times
talk. I know Nick Allstyne sold his French racer, and Nick's supposed
to be worth no end of money."
"Exactly," agreed Mr. Trimmer dryly. "This sixty thousand dollars'
worth of stock, Mr. Burnit, I am quite sure that I can place with
immediate purchasers, and if you will leave the matter to me I can
have it all represented in our next meeting without any bother at all
to you."
"Very kind of you, I am sure," agreed Bobby, thankful that this
trifling detail was not to bore him.
And so it was that the Burnit-Trimmer Merchandise Corporation was
incorporated at five hundred and sixty thousand dollars. It was
considerably later when Bobby realized the significance of the fact
that the subscribers to the additional capitalization consisted of Mr.
Trimmer's son, his son-in-law, his head bookkeeper, his confidential
secretary and his cousin, all of whom had also been minor
stock-holders in the concern of Trimmer and Company.
It was upon the day preceding the first stock-holders' meeting of the
reorganized company that Bobby, quite proud of the fact that he had
acted independently of them, made the formal announcement to Johnson
and Applerod that the great consolidation had been effected.
"Beginning with to-morrow morning, Mr. Johnson," said he to that
worthy, "the John Burnit Store will be merged into the Burnit-Trimmer
Merchandise Corporation, and Mr. Trimmer will doubtless send his
secretary to confer with you about an adjustment of the clerical
work."
"Yes, sir," said Mr. Johnson dismally, and rose to open the filing
case behind him. With his hand in the case he paused and turned a most
woebegone countenance to the junior Burnit. "We shall be very
regretful, Mr. Applerod and myself, to lose our positions, sir," he
stated. "We have grown up with the business from boyhood."
Public-domain text, read in full here on John Shaqi.
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