Samuel the Seeker by Upton Sinclair
page 10 of 297 (03%)
page 10 of 297 (03%)
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"We are!" cried Adam.
"What do you say, Samuel?" asked the father. "I don't know what to say," said Samuel. "It seems to me that three thousand dollars is a lot of money. And I don't see why we need any more." "Do you want to stand in the way?" demanded Adam. "No, I don't want to stand in the way," said Samuel. And so the decision was made. When they came to give the order they found themselves confronted with a strange proposition; they did not have to buy the whole stock, it seemed--they might buy only the increase in its value. And the effect of this marvelous device would be that they would make ten times as much as they had expected to make! So, needless to say, they bought that way. And they took a daily paper and watched breathlessly, while "Glass Bottle Securities" crept up from sixty-three and an eighth to sixty- four and a quarter. And then, late one evening, old Hiram Johns, the storekeeper, drove up with a telegram from Manning and Isaacson, telling them that they must put up more "margin"--"Glass Bottle Securities" was at fifty-six and five eighths. They sat up all night debating what this could mean and trying to lay the specters of horror. The next day Adam set out to go to the city and see about it; but he met the mail on the way and came home again with a letter from the brokers, regretfully informing them that it had been necessary to sell the stock, which was now below fifty. In the news columns of the |
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