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
At the beginning of April, the situation in the three stocks Percival
had bought so heavily grew undeniably tense. Consolidated Copper went
from 109 to 103 in a week. But Percival's enthusiasm suffered little
abatement from the drop. "You see," he reminded Uncle Peter, "it isn't
exactly what I expected, but it's right in line with it, so it doesn't
alarm me. I knew those fellows inside were bound to hammer it down if
they could. It wouldn't phase me a bit if it sagged to 95."
"My! My!" Uncle Peter exclaimed, with warm approval, "the way you
master this business certainly does win _me_. I tell you, it's a mighty
good thing we got your brains to depend on. I'm all right the other
side of Council Bluffs, but I'm a tenderfoot here, sure, where
everybody's tryin' to get the best of you. You see, out there,
everybody tries to make the best of it. But here they try to get the
best of it. I told that to one of them smarties last night. But you'll
put them in their place all right. You know both ends of the game and
the middle. We certainly got a right to be proud of you, son. Dan'l J.
liked big propositions himself--but, well, I'd just like to have him
see the nerve you've showed, that's all."
Uncle Peter's professions of confidence were unfailing, and Percival
took new hope and faith in his judgment from them daily.
Nevertheless, as the weeks passed, and the mysterious insiders
succeeded in their design of keeping the stock from rising, he came to
feel a touch of anxiety. More, indeed, than he was able to communicate
to Uncle Peter, without confessing outright that he had lost faith in
himself. That he was unable to do, even if it were true, which he
doubted. The Bines fortune was now hanging, as to all but some of the
Western properties, on the turning of the three stocks. Yet the old
man's confidence in the young man's acumen was invulnerable. No shaft
that Percival was able to fashion had point enough to pierce it. And he
was both to batter it down, for he still had the gambler's faith in his
luck.
"You got your father's head in business matters," was Uncle Peter's
invariable response to any suggestion of failure. "I know that
much--spite of what all these gossips say--and that's all I _want_ to
know. And of course you can't ever be no Shepler 'less you take your
share of chances. Only don't ask _my_ advice. You're master of the
game, and we're all layin' right smack down on your genius fur it."
Whereupon the young man, with confidence in himself newly inflated,
would hurry off to the stock tickers. He had ceased to buy the stocks
outright, and for several weeks had bought only on margins.
Public-domain text, read in full here on John Shaqi.
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