The Spenders: A Tale of the Third GenerationWilson, Harry Leon
General
The Spenders: A Tale of the Third Generation
Wilson, Harry Leon
Inheritance and succession -- Fiction; United States -- Social life and customs -- Fiction
Devotion to Business and a Chance Meeting
In the weeks that now followed, Percival became a model of sobriety and
patient, unremitting industry, according to his own ideas of industry.
He visited the offices of his various brokers daily, reading the tape
with the single-hearted devotion of a veteran speculator. He acquired a
general knowledge of the ebb and flow of popular stocks. He frequently
saw opportunities for quick profit in other stocks than the three he
was dealing in, but he would not let himself be diverted.
"I'm centering on those three," he told Uncle Peter. "When they win out
we'll take up some other lines. I could have cleared a quarter of a
million in that Northern Pacific deal last week, as easy as not. I saw
just what was being done by that Ledrick combine. But we've got
something better, and I don't want to take chances on tying up some
ready money we might need in a hurry. If a man gets started on those
little side issues he's too apt to lose his head. He jumps in one day,
and out the next, and gets to be what they call a 'kangaroo,' down in
the Street. It's all right for amusement, but the big money is in
cinching one deal and pushing hard. It's a bull market now, too; buy
A.O.T. is the good word--Any Old Thing--but I'm going to stay right by
my little line."
"You certainly have a genius fur finance," declared Uncle Peter, with
fervent admiration. "This going into business will be the makin' of
you. You'll be good fur something else besides holdin' one of them
dinky little teacups, and talking about 'trouserings'--no matter _what_
people say. Let 'em _talk_ about you--sayin' you'll never be anything
like the man your pa was--_you'll_ show 'em."
And Percival, important with his secret knowledge of the great _coup_,
went back to the ticker, and laughed inwardly at the seasoned experts
who frankly admitted their bewilderment as to what was "doing" in
copper and Western Trolley.
"When it's all over," he confided gaily to the old man, "we ought to
pinch off about ten per cent of the winnings, and put up a monument to
absinthe _frappe_--the stuff Relpin had been drinking that day.
They'll give us a fine public square for it in Paris if they won't here
in New York. And it wouldn't do any good to give it to Relpin, who's
really earned it--he'd only lush himself into one of those drunkard's
graves--I understand there's a few left yet."
Early in March, Coplen, the lawyer, was sent for, and with him Percival
spent two laborious weeks, going over inventories of the properties,
securities, and moneys of the estate. The major portion of the latter
was now invested in the three stocks, and the remainder was at hand
where it could be conveniently reached.
Public-domain text, read in full here on John Shaqi.
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