The Wedge of Gold by C. C. Goodwin
page 30 of 260 (11%)
page 30 of 260 (11%)
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"I guess you are right, Jack" said Sedgwick. "I believe it will still go
a good deal higher, but if it does, let those who buy our stocks make it. As you said, it will bring us as much money as we can manage. It takes a brave man to sell on a rising market. Let us be brave." So they gave the order for the sale of the stock, but that day it jumped to $520, and when the returns were made, they found to their credit, $1,040,000. The stock touched $900 per share a few days later. The result well-nigh paralyzed them. "At $4 per day, this is not bad, Browning," said Sedgwick. "This secures the hill farm of old Jasper--three hundred acres at forty dollars per acre--does it not, Sedgwick?" said Browning. They ordered $10,000 to be placed to the credit of the hospitals and bought exchange on New York and London for $1,000,000. The rest they took with them in money. In dividing there was a little dispute. Browning insisted that he was entitled to only forty-six and two-thirds per cent. of the amount, as his money was as seven to eight of Jim's. "Why will you bother me with those vulgar fractions, Browning? Try to be a gentleman," said Sedgwick. "We share alike on this business, remember that; and say what a country this is to get rich in at four dollars a day!" So it was settled. Their friends were told they had made a little stake, and were going home; the good-byes were spoken, and the young men turned |
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