按键盘上方向键 ← 或 → 可快速上下翻页，按键盘上的 Enter 键可回到本书目录页，按键盘上方向键 ↑ 可回到本页顶部！
————未阅读完？加入书签已便下次继续阅读！
my first dividend came from the Pollyopolis Heat； Light； Power； Paving；
Pressing； and Packing Company。〃
〃'What a number of things it does！' exclaimed Ethel； when I showed her
the company's check。〃
〃'Yes；' I replied； and quoted Browning to her： ''Twenty…nine Distinct
damnations。 One sure if the other fails。' Beverly's mother has a lot of
it。'〃
〃But Ethel did not smile。 'Richard；' she said； 'I do wish you had more
investments with ordinary simple names； like New York and New Haven； or
Chicago and Northwestern。' And when I told her that I thought this was
really unreasonable； she was firm。 'Yes；' she replied； 'I don't like the
namesnot most of them； at least。 Dutchess and Columbia Traction sounds
pretty well； and besides that； of course one knows how successful these
electric railways are。 But take the Standard Egg Trust； and the Patent
Pasteurised Infant Rubber Feeder Company。'〃
〃'Why； Ethel！' I exclaimed； 'those are both based upon great inventions；
Mr。 Beverly'〃
〃But she interrupted me earnestly 'I know about those inventions；
Richard； for I have procured the prospectuses。 And I wish that I could
have told you my own feeling about them before you bought any of the
stock。'〃
〃'I do not think you can fully have taken it in； Ethel。'〃
〃'I trust that it may not have fully taken you in；' she replied。 'Have
you noticed what those stocks are selling for at present？'〃
〃Of course I had noticed this。 I had paid 63 for Standard Egg； and it was
now 48； while 11 was the price of Patent Pasteurized Feeder； for which I
had paid 20。 But this； Mr。 Beverly assured me； was a normal and even
healthy course for a new stock。 'Had they gone up too soon and too high；'
he explained； 'I should have suspected some crooked manipulation and
advised selling at once。 But this indicates a healthy absorption
preliminary to a natural rise。 I should not dream of letting mother part
with hers。'〃
〃The basis of Standard Egg was not only a monopoly of all the hens in the
United States； but a machine called a Separator； for telling the age and
state of an egg by means of immersion in water。 Perfectly good eggs sank
fast and passed out through one distributor； fairly nice eggs did not
reach the bottom； and were drawn off through another sluice； and so on。
This saved the wages of the egg twirlers； whose method of candling eggs；
as it was called； was far less rapid than the Separator。 And when I
learned that one house in St。 Louis alone twirled 50；000 eggs in a day；
the possible profits of the Egg Trust became clear to me。 But they were
not so clear to Ethel。 She said that you could not monopolise hens。 That
they would always be laying eggs and putting it in the power of
competitors to hatch them by incubators。 Nor did she have confidence in
the Pasteurised Feeder。 'Even if you get the parents to adopt it；' she
said； 'you cannot get the children。 If they do not like the taste of the
milk as it comes out of the bottle through the Feeder； they will simply
not take it。'〃
〃'Well；' I answered； 'old Mrs。 Beverly is holding on to hers。'〃
〃When I said this； Ethel sat with her mouth tight。 Then she opened it and
said： 'I hate that woman。'〃
〃'Hate her？ Why； you have never so much as laid eyes on her。'〃
〃'That is not at all necessary。 I consider it indecent for a grey haired
woman with grandchildren to be speculating in the stock market every week
like a regular bull or bear。'〃
〃Every point in this outburst of Ethel's seemed to me so unwarrantable
that I was quite dazed。 I sat looking at her； and her eyes filled with
tears。 'Oh Richard！' she exclaimed； 'she will ruin you； and I hate her！'〃
〃'My dear Ethel；' I replied； 'she will not。 And only see how you are
making it all up out of your head。 You have never seen her； but you speak
of her as a grey…haired grandmother。'〃
〃'She must be； Richard。 You have told me that Mr。 Beverly is a married
man and about forty…five。 No doubt he has older sisters and brothers。 But
if he has not； his mother can hardly be less than sixty…five； and he has
probably been married for several years。 He might easily have a daughter
coming out； next winter； and a son at Harvard or Yale； and if their
grandmother's hair is not grey； that is quite as unnatural as her
speculating in monopolised eggs in this way at her age。 She must be a
very unladylike person。'〃
〃Ethel； I saw； was excited。 Therefore I made no more point of her
theories concerning the appearance and family circle of old Mrs。 Beverly。
But in justice to myself I felt obliged to remind her； first； that I was
investing； not speculating； and second； that it was Mr。 Beverly's advice
I was following； and not that of his mother。 'Had he not spoken of her；'
I said； 'I should have remained unaware of her existence。'〃
〃'She is at the bottom of it all the same；' said Ethel。 'Everything you
have bought has been because she bought it。'〃
〃'That is not quite the right way to put it；' I replied。 'I was willing
to buy these securities because Mr。 Beverly thought so highly of them
that he felt justified in'〃
〃'There is no use；' interrupted Ethel； 'in our going round this circle as
if we were a pair of squirrels。 I do not ask you to hate that woman for
my sake； but I cannot change my own feeling。 Do you remember； Richard；
about the City of Philippi Sewer Bonds？ You did not want to buy them at
first。 You told me yourself that you thought new towns in Texas were apt
to buzz suddenly and then die because all the people hurried away to some
newer town and left the houses and stores standing empty。 But Mr。
Beverly's mother got some； and all your hesitation fled。 And now I see
that the Gulf； Galveston； and Little Rock is going to build a branch that
may make Philippi a perfectly evaporated town。 If you sold these bonds
to…day； how much would you lose？'〃
〃I did not enjoy telling Ethel how much； but I had to。 'Only fifteen
thousand dollars；' I said。〃
〃'Only！' said Ethel。 'Well； I hope his mother will lose a great deal
more than that。'〃
〃It is seldom that Ethel taps her foot； but she had begun to tap it now；
and this inclined me to avoid any attempt at a soothing reply； in the
hope that silence might prove still more soothing； and that thus we might
get away from old Mrs。 Beverly。〃
〃'She cannot possibly be less than sixty…five；' Ethel presently
announced。 'And she is far more likely to be seventy。'〃
〃I thought it best to agree to any age that Ethel chose to give the old
lady。〃
〃'Do you suppose；' Ethel continued； 'that she does it by telephone？'〃
〃'My dearest；' I responded； 'he must do it all for her； of course； you
know。'〃
〃'I doubt that very much； Richard。 And she strikes me as being the sort
of character for whom a mere telephone would not be enough excitement。
The nerves of those people require more and more stimulants to give them
any sensation at all。 I believe that she sits in his private offi