Juggling with the market, or, The boy who made it pay

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Juggling with the market, or, The boy who made it pay
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Fame and fortune weekly : stories of boys who make money
A self-made man (J. Perkins Tracy)
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New York
Frank Tousey
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Dime novels -- Periodicals ( lcsh )
Wealth ( lcsh )
Entrepreneurship -- Fiction ( lcsh )
Boys ( lcsh )
serial ( sobekcm )

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University of South Florida
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University of South Florida
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F18-00014 ( USFLDC DOI )
f18.14 ( USFLDC Handle )
031312412 ( ALEPH )
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Dime Novel Collection
Fame and Fortune Weekly

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STO RIES WHO MAKE oi=______.,, ,.._..__ BOYS MONEY. While Langley threatened Elsie, and the two rascals who had hold of Hale gripped him '.Frankland seized the tray of gold coin and emptied itS' contents into the big satchel brought to carry away their expected plunderin.


.Fame and Fortune Weekly STORIES OF BOYS wuo MAKE M ONEY lnuea Weekl11-B11 Subscrip(ion $2.50 per year. Enternd according. to Act of Congress in the year 1!l07. in the ofllce of the Librarian of Congress, Wa.hington, D. C ., b11 Frank 1 'ouev, Publishe1-, 24 Unio" Square New Yo1k. No. 80. NEW YORK, APRIL 12, 1907. PRICE 5 CENTS. JU66LINfi WITH THE MARKET O R, THE BOY WHO MADE IT PAY CHAPTER I A TIP ON C. & D By A MAN "Wha t make s you f ee l cerlain that it's going a bove 50 so soon?" asked Hale, curiou s l y "I'll l e t y ou kn o w if you'll agre e to pay me $200 in case "The r e al pri ce of a stock is rirnn who owns it ca n you th e tip." sell it for," said Arthur Hale to his friend, Curtis Ashl ey "I'll do it. If the tip is worth anything at all to me a s the two boys s tood in of the Morgan Bank at the it's worth $200 ; but I am to b e the judge of its value." corner of Broad and Wall s treets one bright Spring morn"Sure. Then it' s a bargain?" ing. "It is." 1 "But a stock is ofte n forcerl clown below its normal value "Your word is good enough for me, and I know you for speculative purposes," said A s hle y. "Isn't it a lway s have the money to make goo d, for you have made seve 1 al worth its real price? _lucky deal s on the market since you've come to work in "No, not in m y opinion. J mainta in that a s tock i s W a ll s treet. You must be worth a tlvrn saml dollar s.'' wnrth only what it will bring in a leg itim ate, r ecogn iz ed "Yes, I'm worth all o f tha t admitted Hale, \rith a q u i e t market-the Stock Bxchange or the Curb." s mile. "I think you have b een in the Street a li ttlr l ong e r "Then you don'f be l ieve tha t C. & D. i s worth any more thQn me, but I infer that you're not worth a thou sand do l than 42, which it i s going at to-cla y, notwithstanding the Jar s yet." fact that until this \ree k it has been quot e d at above 50 for "I'm h ardly worth a thousand c ents," replied h is friem1, a year or more?" g loomil y "I wouldn' t g ive a quarter of a cent more tfor it if I "Yet you live< with your folks, who are fairl y 1rell-to-u o wanted a block of it." while I h a ve a. mother to help supporl." "Not even i f you had g ood reason to b e lie ve it would b e "'That's right," admitted Ashley. "Tha.t p r oves yo-u'r2 up to 60 inside of ten da. ys ?" s marter than I am." 1 "That's a horse of a different color Ashl e y. But a s I "Possibly I have g rasped ancl made the most of 0 11porhaven't the slightest idea that C. '& D. will be even a singl e tunities while yo u let them slide becau s e your future i:;eem:; point higher t e n da ys from now why, in my estimatio n to be more or les s assured." 42 is t h e most it is worth to a purchase r "I shouldn't wonder." "Well, if I was as certain of gettin g a raise of wages a s "Well, what is this tip? I hope for both our it. I am that C. & D. will b e abov e 50 again in side of ten is worth $200. I'm al ways r.eadv to tu ke a c!Hmc: on the days I'd blow myself to a new suit." market when I f eel sure of my w o rt-1 any -


2 JUGGLING WITH THE l\IARKET. thing are pretty hard to pick up. When a fe llow gets on to a pointer hims elf, he k nows wher e he is at, but it's more or l ess dangerous to rely o n fellow's tips." "I can gliarantee thal lbs it! a good one," said Ash l ey. "Will you guarantee that 1 won t lo se money o n it?" n s ked Hale, with a s mile. I would, if my guarnntee wa s worth anything." "You are frank a s \\"e ll as fair," laughed his friend. "It wouldn't do me any good to be otherw ise." "That's right. I'm wait ing for your pointer." "About a year ago-" "A year a go! You're g oing back a long way." "Don't interrupt. me, pl eaRe. Abont a y ear ago I got on t o the fact t hat Harwood "ho s e office is at No. Wall sheet, was hand-iU:g love with a clique of moneyed op erators whose c hief busine ss seem s to be to select some good s tock, bear it till it r e a c hes a point as low a s it can be forced to, then buy in ev ery share of it in sight and b y a bull movemen t force it up a s high as i t c(ln be made to go, at which figure they quietl y sell out an[ divide the p r ofits of the deal." "We're g etting on swimmingly Whe n 1 go into busi ness as a.n op erator on my own account she' s coming with me as my confi.denlial s tenogra .phc r and booklrneper." "When you g o into business for yourself, eh?" Ash l ey. "Aren't you counting your chicke n s some distan ce ahead?" .. "Maybe so and maybe not." "How l o n g haYe you been wi h Mr. Rhoades?" "Two years and eight months." "I' m been three y ears with D a rb y & Sloan. Mr. Darb y is an olcl crank. b11t lie\; tl1e bi ggest part of the firm, so we hav e to mind our P's and Q's with him." "So I've h eard you say before. You've. been on the point of leaving him a doz e n limes." I know I have, but I'm still carrying m essages fo r him. Well I've got to get back to the office. I hope yo u make a p:oocl thing out of C. & D. So l ong. ARhl e y tmnecl down Wall street and Hale continue d a long Broad. Arthur Hale was a gooc1-looking, well-built lad of e ighteen years, with an alert look that showed h e wa s al"That's a regular Wall street game, though not always wavs wicle awake. wor ked with said Arth1; r H a le. He live d w ith his mother and sister Alice in a. modest "Yestrnlay!' continue d A s hl r y, 1 w ent into a Broad on an uptown sicle street. st r eet cafe to get a drink." His f ather, who had been a Hot on the Fall River line "I wasn't a 1rare b e fore that rnu imbibed," chuckled Hale. of steamboats, had b ee n clrad nearly tnree years . "Oh, you g e t out! You know I m eant water His sister was empJme d 11s ancl general as"' Well, go on." s i 8tant in a lawyer's office on l ower Broadwav. I g-ot th e clrink and w ent into the washro o m to rinse my Roth tumed .the ffrr::ite.,. rart of their wages in to their h a n ds Whil e j llrnr e Harwood a n d ;mo t h e r man came mothrr ever:v pav cl av to the door, but cliL l no t enter at once. l h ca rll Ha1 .. wood l\ rtlrnr, however, l111d rrrn.m1.!2"ed to accumulate quite a say : "fou won t make a mistake, Sam, i f y ou l oad up to fund of his own by fortunate little v entures on the sto c k your limit with C'. & D. It ha.s r e n c h er l rock bottom and market. will be up to GO in side o f ten cla ys.' How do y ou k now?' H0 p-ot his i::tart six montl1s before through finding a asked 1.he other man. 'Don't you worry about how I know, pocket book on the street with $200 in it. but take my word for it,' s ail! Harwood. 'And r emember 1'1iere was no due to its owner, bnt he held it intact for this is on the strict Q .T., Sam. I'm l etting you in on this s ome time on the chance that it nright be advertised for. yon're my brother-in-law, and because vou've been At the end of three months h e saw a c h ance of making a good friend to me in different way s Buy C. & D. at. a haul hv inve sting in a certain stock, then !l1ling at 60, onre to the extent of you r pi l e on a t e11 per c e rit. margin whi ch he was told was clue for a rise. from some ;;oocl honse--Oolby s for instance--ancl I'll tip He bought 80 shares on the u sll:al margin, the stock went you off whe n t o s ell. You've got about as sure a thing as to 80 and he made $600. is to be fou n d in W a ll street, so don't l e t it get bv you.' He gave his mother a hunclred of his winnings, and put Harwood then came into the washroom alone and I walked the amount he l1ad taken from the pocket book back again. out. Isn' t thnt tip worth $200 ?" Two months later he picked up another pointer on a It look s pretty g D ocl, A shle y. If I u s e it, a n d don't s to c k, and bought JOO Rha.r7 s at 68. get nippeJ, I ll give you the $ 2 00 all right, y ou can dep end He was 'orhmate again, for the stock went to 80 and a on that." fraction :md he clean" d on the de a l. "I'm rio t a fn1 to trust you, Art. If e v e rybody was as He was now worth $2, 200, including the $200 in the h onest a s f'le found y on to Q C I gu ess half of our police porket book. courts would g o out of bu siness." "That's a lucky he said to himself more than. ''Than/js, old chap, quite compli m entary. By the on ce. "If I hadn't found it T'd still be a s poor a s Job's way how are you and L u lu D elmay getting on?" turke y So far it has made $2,100 for me altogether. "Lulu and I a r e as t hick a s hops," grinne d A s hl e y "I've l\Iaybe it'll yet b e the means of making me a rich man." been taking her t o the Bridg e almos t ever y afternoon, when As he walked clown Broad stree t toward the King Buildshe gets off e arly. How abui1 t yourself and Ek3ie Wil-1 ing, where he wa s bound, h e turned Ashley's tip ov e r Iiams?" o ver in his mind.


JUGGLING WITH THE MARKET. The more he thought about it the b ette r it looked to him. r The next e mplo yee to a pp ear was Miss Elsie Williams, He knew he could dep e nd on the ac 9 uracy of hi s friend s the ste nograph e r, a very pretty young girl, with a chic air, report of the conver s ation h e had a ccid e ntally ove rh e ard I anc1 tas t e fu lly attired. It was clear to his mind that if Broker H a rwood advis e d I S he and Arthur w e r e warm friends-in fact the yonng his brother-in-law to invest al.l his funds in C. & D. on a thou ght th e re wasn't girl in the world margin, it a good s peculation. qui te s o nic e unl e s s it w a s hi s sis t e r. "I might jus t as well get in on the ground floor with the _'r o m atter how deeply he might be abs orbed in tlie news in siders when chance comes my way I've mon e y of th e

4 JUGGLING \\'ITH THE "JJ ARI\ T B T. She didn't r ecog nize the writing, but t h e spirit of mis c hi e f induced her lo tease "Aren't you too inqui s itiv e for anything? know b u t this is from m y best fellow?" How do yo u "I don't k11o'r. l didnt know you hacl one. If you have, w hy, of course--" "Well?''. id1e ::;aid arch l y "Why don'L you fini sh?" "Oh, it doesn't rnalter," he rep l ied, slqrting off. "I really b e lieve you 're jea l ous,'' s he l aughed, catching him 1 b y the of hi s jack e t "What would l be jealou s about?'' "This l ette r o(course." "Don' t you believe it." "But you look awfu ll y provoked Wait till I open it and see who it's from." "Don't you know who it's from ?" "How s hould I until I open it?" '' 'l' h e handwriting ought to be familiar to you." I n e v e r s .aw it before." "Didn't you ?" he replied, bri ghte nin g 11p. "Never,'' as she took up h e r pen knife a nd slit th e e n1elope. The m c l osure appeare d to be s c e ntecl. It began "Dear Miss Williams," and cnfled "Yours v e r y sincerely, A lge rnon Sidney." "Well if h e ha sn't a nerve to write to me!" "Who?" "Mr. Sid1rny." "Maybe you've been flirtin g with him," .grow l ed Arthnr. flirtin g with him! Well, 1 lik e that. Jus t as if I would," indiguantly. i'h:v don't you r ead hii; l ette r, or a re you w a itin g for m e to kip out?" Nhe g l a nced oYer it a nd the1; h a n ded it to Arthur. I think h e's preth cheeky," s h e said. Arthur looked the l etter o v e r. 'J'hi s i s what he read: "Dear Willi a m s :--Rxeu;;:e m e for laking 1 h r liJr r ty of w ri t ing to you, but 11pon m y honor T ciln't h elp it. You are the ni ces t y0un g l a d y it has been m v l!norl fnrtnne fo me et s ince I from the other s ide, and I can't h e lp t e llin g you so. I shoul mueh for American v i r l s, bi1t V'lH arr an exceptio n. I take great pleasu r e in sending you a boqnet b y special m esse n ge r. I am sony th a t I do not know your favorit e flowe r s ; but I think beauty roses are v ery appro priate in your case My address i s Room -1 Produce Ex chan ge Building. "Yours very s inc e rely, c-om11rnnicntion, 2\1iss William s, said Arthur, mockingly, as he r et urned the letter to l ier \\ e l I l'rn not-so there '' s he repliel oorning Engfond to g r ace hi s ancienf family r oof-tre e in D e rbyshire." "Aren't you awfully funn y, Arthur Hale," replied Elsie, with a cha rrning frown "If you thought I '\'a>i going to accc>pt Mr. Si dne y's attention s you d b e the first o n e to object." "I, Mis s Williams?" "Yes, you Mister Hale. Why when you l a id that l ette r o n my table you looked mad e nough to so1p a lJUart o f milk." Well, I like to see m e n writin g t o you," he ulur t ed o u t ; "The id ea ,Just as if you had anythin g to s ay abo11t that," a n s wered with a s l y g l a nce into hi;; face: I d011't like yo u to have sec rets from me. I haven't any from you." "Haven't ?"rog uishly. one anrl maybe I'll t e ll you what it'is som e day." "Oh, tell me now If the r e i s a nything I love to hear it's a secret." "You girl s are too curious. I'll te ll you somet hin g e l se, h owever." Wh a t i s it? "I've got into ui' e marke t a gain." "You haven't,' s he r eplied, incre dul o u s l y. I hav e Bought 500 shares of C. & D." "When did you buy it?" "Yesterd ay afternoon afte r I l eft th e office. The mar g in took $2,100 I've got jus t $100 left." I hop e you're not g oin g to lose your mon ey this tim e,'1 +0 sa id ;;:eriou s ly. "I'm afraid you 've got the Wall stree t f en" r bnn. Winnin g on "those other two d ea l s has turne d w1nr l wacl. I'm thinking, a nd giv e n you the idea that you \r ill b e lucJ...7 every time. That's what se nds so mun y s p e cu l a tors to the poorhouse." "I'll b e t it won't send me to the poorhouse." "Don'j: be too sure of that, she answered, warning l y "I'm going to win this time. at any ra.t e." "How do you know you are?' You've taken a hand i n the g r e atest game of chance in the world-a l ot t ery where th e r e !'O few prize s that you have to carry a telescope to Fee them. "I won't d e n y that; but I'm working on a tip." "Wh e r e did you get it?" "From my frie nd Curtis Ashley." "And y ou're ri sking all your money on the strength of what he says? I never thought you were so reckles s I m s urprised at you." "ALGERNON SIDNEY." "You ought to feel highly honored to receive such "Well, I'll bet you a pound of your favorite candy that a I win." w i t


--I JUGGLING WITH THE MARKET. 5 "No: The chances are that you ll lose and the n you won' t be able to pay your bet." "Yes I will. I have a hundred cases left." "I won' t bet." I'll present you with a two-pound box of candy if I come out ahead. You may expect the candy in.sid e o f two weeks.". "I'd rather know that you save d your mon e y than the candy." "I'm glad to see that you're interested in me." At that moment the cashier called"to him. get "There's a messenger in the waiting-room, Hale. See what he wants." Arthur found a D. T. boy th ere with a pa c ktl g e and a covered bouquet of beauty roses. "Thes e are for Miss Elsie William s," said th e youth. "Sign the paper." ''Wait a moment,'' replied Arthur, I ) ll t e ll her to c ome out." "There's a messenger outs ide i;o see you he said, with a smothered grin. "To see me?" "Yes. Don' t keep him waiting, plea s e." Elsie came into the reception-room whe r e the re w e r e several custom e rs around th e indi c ator. "Are you Mis s William s ?" a s ked the boy. "Yes." "These are for you, the n "Who are they from?" asked the girl, with a strong sus picion as to the s ender. "Dunno, miss. Was told to bring 'em here and give them to you." She look e d at the addre s s on the box and saw in a corner the words: "From Algernon Sidney." That settled it. "Take them, she s aid, almost s harply. "I won't accept them." "Alhight, miss. Pleas e s ign the paper She did and th e n walked back into the counting-room with an angry look on her pretty face, while Arthur; from bis chair, watched her with a satisfied c huckle. CHAPTER III. His friend Ashley was carrying a bundle of securities acro s s the room when Arthur w a lked in. "Hello, Art," he s aid, p a u s ing a mome nt. 1 I s'po s e you w ant to see Mr. Darby. Sloan h as jus t gone to the Ex c hang e." "That' s right." "Wait a moment till I h a nd these to the cashier and th e n I'll announce you." In a moment o r two A s hl e y r eturne d and told the senior partn e r th a t Mr. Rhoade s' mess e nger wanted to s e e him "Se nd him in," growl e d Mr. Darby, who in a bad humor that morning. "Go in,". said Ashley to Arthr. "He' s got a fie rce g rouch on thi s morning." "Has he? Well that's nothin g to me. [ m glad he isn't my boss.'' Hale went in and handed the lett e r o Mr. Darby. The broker glare d at him with a kind oj' qui e t ferocity as he took it. He tore the e nvelope or-en a nd r ead i t Then he crunc h e d i t in. his finger s and tossed i t into the was t e bas ket. "What are you for ? h e roared at A rthur. "An an s w e r, if there 's one." "Ge t out." "Then the re i sn't any r e ply sir? "Get out." "All right, s ir. You n e edn t yell all right." He left the room as soon as he could. a t m e "Say, Ashl e y is he often taken this way?'" Mr. Darby 's bell rang violently. I ean hear "I can't talk now Don't you hear hi s bell?" said A sh ley, hustling to an s w e r the s ummons. "I'd be pre tty d eaf if I didn't hear it, s aid Arthur, who immediately left the office. Mr. Rhoades was coming out of his office on the way to the Exchange when Arthur came up and tapped him on the arm. "There was no answer tci your note, sir," he said, respect fully. "All right," the broker replied, walking off <\.rthur went back to th e office and when he got a chance he'looked to see if there was anything doin g .in 0. & D. :ij:e found two trans actions recorded on the tape. o ne was 500 s hares at 42, which he guessed was the THE REf.lULT OF THE DEAT. IN c. & D bank's purchase fo.r his account; the oth e r was a block of 6,000 shares at 42-k. At that moment Mr. Rhoades r a ng for his messenger and "I'll bet that went to the s yndicate," he said as he took Arthur went in to see what he want ed. his seat by the window. Take this letter over to D a rby & Sloan. See Mr. When he look e d at the ticker a gain there wer e mor e sal e s Darby. There probably wjll be a n an swer. If I'm not of 0. & D. recorded some at 42 l here fctc]:l it ove r to the Exchang e." "That looks like bu s in e ss," he mu s ed. "I hop e it will "Yes s ir and Arthur got his hat and depa .rted on hi s keep on going up.'' errand. ,He had onl y a c ouple of e rrands to execute befor e one Darby & Sloan' s offic e was in a huilding on the other o'clock, then he w ent to hi s favorite quick-l.uncn house for siae of the street and it didn't take long to go there. I the customary sandwich, piece of pie and cup of coffee.


6 JUGGLING WITH THE MARKET. Coming out he ran agai nst Ashley going in. "Nearly $18 a share Multiply tl 1at by iiOO a : 1 d th e re" Hello, been having your grub?" asked his friend. sult will tell you what my expectation s are." "That's what I have I see you're going after yours." "That's $D,000." "That's right. A fellow has got to eat, you know. Done I might hold on for an even $10,000." anything about C. & D. yet?" "And you might get singed on the deal." "Yes. I went my pile on it y este rday afternoon." "Well, don't l et ns look on the dark side of the pi cture "Then you're a sure winner, you can take my word for I never d o if I can help it." it." That ended the conversat ion, and Arthur went home. "I hope so." During the next three d;;i.ys, C & D. gradually went up "So do I for I'm looking for that $200," chuckled Ashto which was the price it closed at on Saturday noe>}1. ley. On Monday th e re'was a genera l stiffening of the mar"What will you do with so muoh money all at once?" ket, and C. & D. rose to 47, and next clay it went to 50 a nd "Don't you worry. I can use it." began to attract some attention. "I'm sorry I haven't got it to give you now for you could Arthur was in great g lee over the outlook and every time buy forty shares of C. & D. and make a stake yourself." during the next few clays that C. & D. advanced a point he "That's right. But I nev e r have any luck." found some excuse to go inside and tell Elsie. "Yon don't? Why, didn't you get the tip? That's On Friday when the Exchange opened, 0. & D. was about as lucky a thing as colild have happened to you in quoted at 55. W'111 street." The brokers now seemed on to the fact that there was n didn't think bf that. Still, what g ood w as it to m e ? a boom on in the stock, and bidding for shares became I conlcln't us e it. I was fortunat e in being able to sell it lively. to you for $200." The result was it went up to 62 by three o?c1ock. "Tell mu what I'll do. I've got $HJ'O left. I'll let you Arthur decided that he wouldn't hold on anv longer, anc1 hav e that. You can buy tw e n ty shares with it, any how, that afternoon gave orders at the bank to sell his shares at anJ h alf a loaf-is better th an no bread at a ll. the market' in the morning. "You're a trump, Art. When can you give it to m e?" As the stock o pe ned at the young me ssenger got a "'rhis afternoon. I ll meet you outside the office at h alf little more than be had figured on. pll.Bt three. That will give you time enough to get around When h e got his st_atemel'.t and accompanying check h e to the bank on Nassau street, where you c an put the deal founcl that he had m a de a few dollars over $10, 000, a.nd -through." that lie was now worth all told, $12 000. "All right. I ll be on hand bet your boots." Tha t afternoon Elsie got her candy and he took $500 Ashley entere d the lunch-hous e ancl Arthur returned to home and hand e d it to hi s surprised mother. with the offthe office. hancl remark that he had made another lucky deal in the When the Exchange closed that day C. & D. was quoted stock market. At that figure Ashley bought the twenty share s afte r he met Hale and r eceive d the $100 from him. Next day 0. & D. was quit e aot:ive on the Rxchange, many tlwus:md shares c hangin g hands, and the pric e went to 43. Arthur told Elsie just b efo re he went home that h e was about $500 ahead on his deal. "I'm g lad to hear it," she replied. "I hope you'll make a [housand." "Make a th9usand !" he exclaimed. "If T don't m 'ake :Gw thou s and I'll be greatly disappointed." "You don't mean to say you expect to mak e as much as that ?J' s he said, in some surprise. : I r lo mean to say it. When a fellow juggles with the market, h e wants to win something worth while." "Th e people who are greedy are the one s who frequently come out at the small end of a deal." "I don't intend to look for the last dollar; but if this clique can't boom C. & D. over ten points, it's mighty fun n y Why, the stoc k has been selling at oveT 50 for a yea.r or more until lately, and I'm satisfied it was forced down to 42 by he pool. I expect to see it p:o to 60 anyway." ''And if it does, what will you make?" CHAPTER IV. HALE AND HTS FRIEND ASHT ,EY GO INTO A. & P. a "Ho w much did you mak e Art'" a ked Ashley, whoo. Arthur hand e d him the other $100. "That's one of the things I never give awa.y," replied Hale, with a knowing look. "Well, I don't care. I made $400 out of tlrnt $100 you l et me have so I'm satisfied. I'm worth $600 now, and fef'l like a capitalist." ''H'Olcl on to if, then. Maybe I'll catch on to a tip some day and I'll l e t you in on it wjthout charge." "I wish you'c1 run across one soon. I'm just itching to make a thousand out of my s ix .hundred." "Don't you try it on unles s you have next door to a sure thi11g. It would make you feel pretty sore to lose what you've just mad e." "Bet your life it would. That $600 looks mighty big to me." 'Do me fin Tha Arthu Ne2i sa ge t and t young S i d roses her a1 taine( Hi vente as so on h to hi ( frien "] you! by t: used tim< Mi s wor ter feil, Cl'O' car: hir1 the C011 a. l me yo1 ser opi hr lu; na th to ca SU fll at


' JUGGLING WITH THE i\lAJCLL i 'Don t you put it up on stocks again without you see me first." Ashl e y promised that he wouldn't. That nit;ht the two boys ":ent to a show in Harlem at Arthur's expense, and had an oyst e r supper afterward .Next da:y about noon, when Arthur was carrying a message to the Edison Building, he felt a tap on his shoulder and turning round, found himself face to face with the young Englishman, Algermm Sidney. S.idney had be e n much disappointed by the return of his roses and box of candy by J\Iiss Williams, ancl had written her another letter expressing the shock his feelings hacl sustained in consequence. His at his office in i.hc Produce Exchange pre vented hii:n from getting a chance to see Elsie personally as soon as he wished, so when he saw Arthur, as he was on his way to lunch, it occurred to him to sencl a message to his charmer by the boy. "Glad to see you, Hale, don't you lmow," he said in a friendly way, feJr he had an axe to grind. "W11at can I do for you, Mr. Sidney?" asked Arthur. "I suppose you wouldn't mind earning a shilling, woulcl you?" "A what?" asked the young messenger, rather taken bac k by the cool proposition. "I mean a ql1arter, don't you know. I haven't quite got used to your American ways yet. It takes a chap some time, you know. I want you to take a note from me to Williams, .of your office. Charming girl, upon my word. Wish she was English, though. Ever so much better if she was. You take the note for me, that's a good fellow, and if you fetch me an answer I'll stand half a crown, I mean dollar, don't you know." "Thanks, Mr. Sidney, for your liberality, but I don't carry notes for any one but Mr. Rhoades. You'd better hire an A. D. T. messenger. There's an office just across the street. Good rlay," and Arthur passecl <;HJ.. "Upon me word, that chap is deuced independent for a common messenger lad," muttered Algernon. Sidney, with a look of disgust. "He might have taken that note for me and earned a quarter without the least bit of trouble, you know. I suppose I'll have to send it by a public mes senger, and stand the chance of her returning it to me un opened. It's awfully annoying, you know, to be turned down by an office boy who doesn't seem to know his place." Thus speaking, Algernon Sidney walked into the quick lun c h house and mounting a stool, called for what his fi nances would stand. I Arthur, as he .walhd toward the Edison Building, felt that it would afford him a consinerab le amount of plPasure t o kick )fr. Sidney for his nerve in proposing to him to carry a message io Elsie. He lookecl upon the proffered quarter tip as adding in sult to injury, and he decided that if the Englishman clidn't 'luit bothering the office stenographe r with his undesirable attentions there would be somethjng do ing pretty soon. When he got back to ihe office he told Elsie about the in cident. "I never saw such a persi stent man," she replied, hardly kno wing whether to be angry or amused. "Why, I barely know him. IIIy friend Miss Yates is stenograjher for hi. ; e mployer. I clroppe t l in one d a y during lunch hour to see her. He was talking to her at ihe time, and she introcl uceJ me to him. Two days afterwarcl he brought a aessage to me from her. An excns e no cloubt to see me again. I clo wish he'd quit sencling me notes. I'll send the next back unopened." She kept her word when a .little later on an A. D. T. boy came with a letter from her new admirer, ancl as a con sequence Algernon Sidney was in a bad humor the r est of the dav after it was returned io him. A clays afterwad Arthur met Ashley on the street and they stopped to tnlk. "Have vou notic e d the rise in M. & N. ?"aske d the hl.tter. "Yes. I see it has gone up severa.l points m the last day or two." "Do you think there's anything in it?" "How can I t ell?" "I thought some syndicate was booming it." "It isn't impos s ible. You aren't thinking of putting any of your money into it, are you?" ""\Yell, I was thinking of it; but you know I promised not to make any investment till I had a talk with you." "That's rio-ht and rnv advice to vou is to keep clear of 0 .., J M. & N. on general principles. It's pure guesswork as to whether it will go any higher. The chances are if you guessed it woulcl, and backed your opinion with money, you'd hit it wrong. Yon know that a lot of people come down here with bright hopes and a wacl of money. They come into your office, o r mine, or some other broker's, anrl proceed to guess how the market will be. In a couple of week s they arc eating snowballs.': "Some of the experienced brokers miss their guesses oc casionaily, too," said Ashley "Why wo11ldn't they? Calculations in Wall Street are generally ba s ed on future prospects, and after the future has been calculated, unexpected changes often happen. It is only-ihe people with big money who are engineering a deal who stand an even show or better of winning i:ight along.". Only for his talk with Arthur, Ashley woulcl have gone into M:. & N. on the strength of its recent rise. On the day following the foregoing conversation, the stock took an unexpected downward turn and Ashley saw that had he bought the shares he contemplated buying, he would have lost two-thirCls of his money. "Art hns a pretty long bead," he said to himself. "'Why, l\L & N. looked to rne like a : rnre winner, ancl it turned out to be nothing but hot air. I'm just $400 in by keeping of it. After that I don't think I shall have confidence in an:v stock I see going up. I'll be looking to see it go the other way any moment. AfteT all, thei-e s nothing like having a good tip to work upon. Then a fellow has some


8 JUGGLING WITH THE .JlA R.KET. sho w to w in pro vit ;e a he know s when to se ll out s o as to the decline H was abo ut this time that Arthur sa w a paragraph in a fin anc ial paper to the effect that certain railroad w as comuine w ith the A. & P. road Soon aJ'ter w aTd '\\'I en he carried a n ot e to a broker's office in the V a n:lerpo o l Bui lding in Exchange place, he h eanl three brok e r s talking t o ge ther about the proba.bility of the deal going through. One of the brokers asserted that s u c h an arrange m ent would be of great advantage to the A. & P., and was bound to the slia rqs to advance in the market. Arthur im med iat e ly got intereste d in A. & P and kept hia cars wil!e op e n to catch on to any more nel\ i s bear ing on the :::u hjed. Hd 1 \ s hl cy to keep on the lookout also "For if there's anything in it, we want to a little h:.!11! 1rith the other fortunate ones," he said, with a wag of ;l:c l1cad. days late r \rh c n A shley saw Arthur again he. told him that Br_oker Hanrnod was buying big blo c k s of A. & P on the q ui c t. "How d o yon know that?'' as k e d Arthur. \rcll he w as in 01;r offic.:e thi s m orning lookin g for some of the s tock, and found out th a t l\Ir. Darby h a d sold him 10, 000 share s tha t he hat1 on hancl. "Do you think h e's buying for that F l;1 Lrr r r p orte t l to rthnr that Harwood buying all the.\ & P h e cou ld get hold oi. CHAPTfilR V ARTHUR BIG HAUL, A .ND TELLS ELSIE A SEC llET It was soon evident tkat boys had made no in going into A & P. The rumors that the c onsolidation in que s tion ha< l been, or was s oon about to be, etf ec t e d,ebe c ame more persi s tent. All the papl'l s too, h a d something to about it, pointing out how su6h an arrangement w o u l d add to the profits ol' the A. & P road while at the 8a rne time it woul d guaran te e a five per c e nt. divid end to the share'holders of the other railroad. Brohrs began to make purcha ses of A. & P s h a r e s and som e orders also came in from the outside publ ic, w ith the result that the stock was pres,ently selling at 95, with a strong u pwarcl tenden cy 'J'he s hares of A. & P. stock, which Arthur a n d h is friend 1rrre n o w flSstucd Harwood was booming for his poo l traclcrs, soon went up to 99, and the Street was excited ove r the rise. Brok e r s f e ll over themse l ves in their eagerness to g e t blocks of the stock, for though the conso lidation had not yet been announced as a fa c t they juclged that those on the in s i (lc w e r e and had been for some time back, buying it n p fol' the profit that 1roulrl be in it after the news got out. "We're right in it once more," chuckled Ashiey to Arthur. "I wis h I had 100 s hare s at lea st." "I'll loan you e noP g h to buy the 40 shares y o u lack if you want to pay 100 for it-." "Will you, Art? You 're a brick. How high d o you think it may go?" "It ought to be good for 110 "Then that will give me the chance of n)aki n g $400 mor e." "That's ri ght." He met i\t;hley an hour later and handed h i m $400, which his frie-nd immediately put up 011 the 40 additional s h ares "You are of that, are y ou'.'" Hale Two da ys late r A. & P. w as up to 106. "Positive l 1 ffi I I ced d th The n the conso ir ation was o c ia y announ an e ""rhen I guess \\'e will mak e no mi s tak e in the sent the stoc k booming up to 112 in a fe.w h o u rs. stoc k our,;e lves. There ham iJC('ll scvcra 1 more pnragraphs How lon g had we bett e r hold on?" a s ked Ash l ey that in the pnp crs about the t11ko nfir n1l'' l of. :i.flc rnoon course, and I heard l\[r. Rhoades !alki11g :tb')t1t th e ; n a ttt r ''T'm seriously thinking abont selling out now. I see with a prominent broker. They are both wat c h in er th e nc 1r]v !ji20,000 profit in it for m e." stock, no doubt on thf! alert to jump in the mo11 1 ent i:Jicv Twenty thousand dollar a !" Ashley. "Good fe e l the ground sure under them I also notice that A. & g rn c ions Thr n yon have 1 000 shares?" P. has gone up a point and a half s ince you told me H

ll1 it its Iler 1d ol f .... f JUGGLING WITH THE MARKET . 9 me first class, .lending me the money to buy those extra 40 shares. I'm nearly $500 ahead on them alone." "That's all right, Ashley. I'm gla d to put you in the way of making a haul, too. I think we' d better hand in our order to sell on our way home. The bank is still openthat is, the brokerage department is. A. & P. will open above 112 in the morning, as sure as you live, for everyone is crazy over it. But these people who are buying at top notch prices are going get caught inside of a week, for I don't believe the shares will stay up when the insiders have unloaded. Just at present the stock seems to be scarce, that's why it keeps on rising, but no one can tell when blocks of it wjll COIJle out. When that happens it will probably fall to around par." Accordingly, the boys went to the bank and ordered their holdings disposed of at the prevailing figure next morning. They got 112i. Arthur cleared $20,200 and Ashley made $1,600. That made the former worth $31,700 and the latter, $2,200. Arthur ga .ve his mother $500, his sister $100, and spent $100 on himself. Two days later A. & P. began to decline, an,d finally came to a rest a.t 102. Of course Arthur confided the news of his latest success to Elsie. you never told me you had g-one into the market again," she replied, surprised at the intelligence. "I know I didn't. I kept it quiet in order to surprise you." "Well, you have surprised me. So you have made as much as $20,000 ?" / "I have." "Tell me all about it," she asked in an interested tone. Arthur went into particulars. "I'm doing pretty well for a boy who has only had three years' experience in Wall street, don't you think?" "You are, indeed. How much are you worth now?" "Just $31,000." "My goodness! What a.Jlma .rt boy you are!" she said, admiringly. "Thanks. Words of praise from you are always appre ciated." "You deserve it, I must say. Wl1at other Wall street I messenger h,as been so fortunate as you?" "Oh, there have been quite a number. I could mention several who made over $100,000 on the quiet before they were twenty-one." ,"At that rate, it is pretty certain you will make your mark in life, Arthur." "I hope to, Elsie. I am aiming to accumulate a million as a starter." "As a startt:r !" I "Yes. When I get the first million, I'll be right in line to make several more. Money makes money. But I shall want a partner by and by." "A partner Wlrnt for?" "A life partner." "Oh!" "Getting the right kind of partner is half the battle, s o I believe in looking the field over early." "InJeed," she replied, laughingly. "I began some time ago, and have one girl in view already." "Have you?" she asked, a bit anxiously. "I have." "I think she is a very fortunate young lady." "I shall consider myself fortunate if I land he:c. She's the smartest girl in Greater New York, as well as the sweet est, in my opinion." "She mll13t be a paragon. Who is she, pray?" "Aren't you jealou s ?" laughed Arthur. "Me jealous! Why the idea!" but Elsie nevertheless be trayed her face that Arthur's words did not please her wren a little bit. "She's got the same name as you." "The same name?" "Yes-Elsie. And her other name is--" "Well?'? "Do vou want to know very bad?" "No, on second thoughts .. don't care to know. Run away now, I'm busy." "All. right." Arthur walked off, made a bluff at entering the receptionroQm, and then came back behind her. Els ie couldn't have been so very busy, for she \\'as look' ing out of the window. Arthur watched her a moment and then saw her pull her handkerchief out of her pocket and put it to her for a moment. He ran up and pulleO, her hand away suddenly. He saw tears in her eyes. "You are crying," he said, softly. "I'm not crying," she retorted, snatching her hand away from him, and turning her head aside. "Yes, you are." "I'm not. Please leave me alone." "Well, haYe it your way." He bent down and wrote something on a sheet o.f paper. "There's the name of the girl I was speaking about. She's the smartest, prettiest and best girl, not only in Wall street, but in all the world. That's my opinion of her." "I don t want to know anything about her." "I don't know whether I can get her or not, but I'm going to try my best to win her. She shall share every dollar I make. I I don't marry her one of these days I'll. marry nobody." He laid the paper down in front of her and walked away. Elsie made no move for a minute after he was gone. Then she seized the paper to tear it into bits. Her womanly curiosity induced her to look at the. name of the fortunate girl. She gaye a gasp as her eyes rested on the writing. It was her own name--Elsie Williams.



1assed s not 1sel f posthe n of r erit as '\.r his n g >m >Ill m 0 cl :!. JUGGLING WITH THE JHA:RKET 11 "Yes." 1 putting it in hi s coat poc ket had d1;oppcd the handkerchief "Did you see the man assault Sidney?" 'anrl passed o n without noiie:ing the fact. "I did, and followed him in her!J to prevent him from He rush e d back into the other corridor, butt.he man 'ras getting gone "Are you 'phoning from Jones & Seton's office?" "I'll notify the police station and come around myself rig h t away." "All right. I won't do anything till the man makes a move. HE!s' in here on a bluff in order to keep out of the way till the excitement blows over "You say he's in the office? Can't you call on the clerks there to he l p you secure him?" "I hard l y think they'd interfere with him at my request, because they would figure that they were taking grave c hances. They have no evidence that the man isn't all that he 011ght to be. That's the way I'd l ook at it if I was in t h eir shoes." "That's so I didn't think of t hat. Well do the best you can. We shall be under great obligations to you if we can get the pocket book back through you. It contains a l arge sum of money t hat S i dney was taking to the bank The speaker said "good-bye" and rang off. Arthm left the booth in time to see the o l d man ushered into Mr. Jones:s private room. "I'll bet he won't be in the r e but a moment," breathed the boy. "I guess I'll get out into the corridor and cut off his retreat." Accordingly, Arthur left the office and stationed himself at the far end of the con1.dor He had hardly been there three minutes before he sa. w the old man come out and co. me toward him Arthur immediately went into the other cor ridor and waited. rhe old .man dia not appear. "What's keeping him?" said Arthur to himself. Presently a smooth faced youngish looking man appeared in a leisure l y way from the other corridor, walked by Ar.thur, after throwing a penetrating glance at him, continurd on to the elevator. Arthur l e t him pass without question, but the moment he had gone by he turned and looked after him. It struck the boy that, this person was dressed very like the old man, and suspiciously resembled. him though he w a lked erect a .nd with great sang-froid. Hi s sharp eye caught sight of something bulging out in his side pocket CHAPTER VII. DISTINGUISHES HIMSELF AS A THIEF-TAKER. Arthur then rushed down the stairway to the street There were quite a number of perspns passing at t he moment. The hoy looked for Algernon Sidney, but he was not o n the street. There appeared to be something of a crowd in o f the offices a_cros s the way, but Arthur paid no attention t.o that fact. c I He was looking for the smooth-faced man who had el uded him. He saw a person that resembled him turning into B road str eet. Arthur darted after him By the time he got to the corneT the man was lost i n t' e crowd of passersby. Nothing daunted, 'the me.oseqge'r huniec1 a;o n } toward Wall street, which was the direction taken by the man in que s tion. Just in front of the Exchange he caught anoth e r glimp e of the person he was in pursuit of. He was closer to liim now, and was sure it was the rascal he was after The fellow was walking at a rapid rate, and Arthur has tened his steps. "There are dete c tive s a.II about here. One w ill be sure to turn up as soon as I jump on that chap. A ll I'm afraid of is that he mav knif e me, for I've no doubt he's not with out a weapon. "well, he shan't get off if I can help it." The hoy, neared the thief and was almost up him when he startecl to cross Wall street into Nassau An automobile came clown Wall street at that moment and the man &prang back to avoid it. He s truck Arthur and both lost their footing together His bulky hitllth e boy in the face, and Arthur saw the lea lh e r encl of tfle pocketbook. That di s p e lled the last cl0ul i l in hi s mind and as the man struggled to his feet, Artlnn ; caught him a round the legs and j erked him down again. "What in Halifax a re You about?" roared the smooth "Can it be that this is the thief_, and that he has disfaced man, with an impreca.tion. carded hi s disguise in the corridor? I'll sre." Arthur's only reply was to jump on him and hold him Arthur darted into the corridor, and there, half "ay clown. clown, lay a ba.ndana handkerchi e f, that the old man h ad "Let me up you cub!" howled the man "What had around his neck in thunder do you mean?" That was enough for the boy. He struggled violently to extricate him se lf, but the mes-The thief had evident l y removed his disguise, and senger clung to him like a l eech


JUGGLlNG WITH THE MARKET. lt now looked like a free fight between thern, and p e opl e "Jus t see if the clerk who was l'Obbed isn't in that plac e/' li<:San to s top and looked at the strug g ling pair. said Arthur. "This chap thre w something in his fac e." "Let me up, do you hear?" ejaculat e d the smooth-faced The second detective at a nod from the stout man entered man, striking at Arthur. the office and made some inquiri es. "Not on your life," replied the boy. He returned presently. A crowd now quickly gathered around th em. I "This lad is right," he said. "The young man wlio was. "Here, what doe s this mean?" cri P d an a t at iv e robbed is in there. A handful of cinnamon dust was voice, as a stout man in a plajn business suit push e d his thrown into his eyes, and he is suffering great pain. The way forward. surgeon is attending to him, and inte nds to take him to "It means that I've captured a thief. Call an officer : the hospital presently. He can't see, so there is no use "Let him up," demanded the newcom e r, laying hold of trying to get him to identify this man." the boy. "The man's bandana handkerchief is, or was, in the cor "I will if you help me hold him He's a thi ef, I tell you. ridor of the building opposite," said Arthur to the stout I'm Henry Rhoades messenger, and I }Vant this fellow aTman, whom he accepted as a Wall Street detective. ''In my rested." rush I neglected to pick it up. Shall I go after it?" "I'll attend to him. Get up/! "Do so," answered the stout man. "Go with him, Arthur obeyed. JP.son," to the other detective. "Now, let us understa n d this matter," said the stout rhey crossed the street, mounted the first flight in the man, holding the smooth faced chap by the arm. "It building, and walked to the second corridor. seems to. me, my friend, I've seen your face before," he Two messenger boys were exami n ing the red added, regarding the other with a sharp look. "I don't that the thief had discarded. often forget faces, and unless I'ni. greatly mistaken yours "Those boys have the handkerchief," said Arthur, and is in the Rogues' Gallery." the detective took possession of it in short order. "What do you mean?" remonst r ated the thief. They then returned to where the crowd was still sur"I mean that you are a suspicio u s cha r acter for this side rounding the crook and the man. cif the Dead Line What do you charge him with, young "That's enough," said the first detective. We'll go to man?" the station now. You've got to go along, y oung man." "Are you a detective?" asked Arthur. "I expect to," replied Arthur. "I charge him with the theft of a long leather pocket At the station be was instructed to make the charge book: That's it in his pocket now. He assaulted a clerk The pocketbook was taken from the thief's pocket. of Treadwell & Co. half an hour ago in Exchange p lace. It bore the name of Treadwe ll & Co. on the flap He was disguised as an old man, with a white wig and That and the disguise were-deemed, conclusive evide nce beard, which he discarded in the building directly opposite against the rascal, so his pedigree was taken and he was to where the assau l t took place, and which you ought to locked up. Jus t then a member 0 the Treadwell firm rushed find in his pocket now. Besides, there is the l eather pocketinto the station book in that pocket !'' He got the par ticu l ars 0 the case. "It's a l ie," declared the smooth faced rasca l glaring ."Are yo u the boy who telephoned me from Jones & vindictively at his young accuser That's. my o wn walSeton's?" let." "Yes, sir," replied Arthur. The stout man detly inserted his fingers i nto the thie's T hen the captu r e of the r ascal is due to your energy bulging side pocket and drew forth the white wig and beard. and perseverance?" "It looks like a clear case," be s11,id, with a meaning. "i guess that's right. I followed him to Wall street and smile "However, we'll go to Exchange place to verify the tackled him on the corner. These detectives came up and rest of your story, y o u n g man," looking 'at Arthur. took charge of him." The rascal made a sudden attempt to get free, but" faiJed. "What did you sa.y your name was?" Another" unpretentio u s l ooking man stepped up at that "Arthur Hale." moment. "And you are .messenger for The sto u t man gave him some s i gnal and be ranged him"Henry Rhoades, stock broker, No Wall street." self on the other side of the suspect, tho ugh he did not ."You shall be rewarded for your p l ucky conduct. Corne touch h im. along, I want further particulars of this affair." The party, followed by a p o rtio n of the crowd, which ''You must appear against the prisoner at the T ombs augmented as they pro ceeded, started down Broad Street, Police Col).rt to-morrow morning, young ma n," said the the smooth faced man going w i t h great re l uctance, which stout detective, who with his compani on followed t h em out-was a bad sign for h im side. As they entered Exc h ange p l ace an ambu l ance was seen "All right, si r I'll be there." standing in front o f the office w her e A rthu r bad n oticed Of course when Arthur got back to the office he had to the crowd insi d e explain the reaso n why h e h a d re m ai ne d out so long. I .. \:; hi;; C \ Arl sages ceplec foT W Jn si s ten Al g el al s o liben erty A Trc a had u the othe re co B rep sto A and rnn the terJ an c c a p r s tl


> ed llS as :ie to se r -1t ty ri, e a JUGGLING \\Tl'H THE MARKET. ]J .\rr. Hhoad e s wa;; at lhc Bxd1;wge he had to make "You had a great ncnc lo foll01r that d1<1p aml lhc:i. l1iti e \cuses lo the cashiel' tackle him all by youn;elf. Ile might have done you up." Arthur was always very prompt in delivering his mes-'"rhat's a chance I took in the intcrc s ls of jm;tic e." sages and returning right away, so his statement was ac"You ough't to get s omething from Treadwell & Co. for cepted as a matter of fact, a n d no fault found with him saving their money." for what he had done "A member of the firm promised that I d be reJn fact, the e;ashier praised him for his nerve and per 1 warded." sistency in bnnging to justice the rascal who had assaulted "Did he? Then you're all right. Did the pap e r s Algernon Sidney. I the !acts correctly?" .Mr. Rhoades, when he heard 31bout the affair, l ater on, "Yes." also complimented the boy, and said that he deserved a "I don't believe I'll ever get my name in lhe pa1Jed:i. liberal reward from Treadwell & Co. for saving thei r prop Nothing ever comes my way." erty. "Except money, eh?" Arthur had no objectio n to r eceiving any testimonial that "I don't know that I'm getting enough of that to slart Treadwt)ll & Co felt disposed to give him, for he l n 1ew he a bank." had e11rned it. "Oh, well, don't worry. You're young yet, and you've Under ordinary circ u mstances h e w.oul d told E l sie got $2/WO in ban k Yo u a r e better off than most other the story of his morning's adventure, but somehow or a.n-messengers." other he felt diffident about approach ing her until he had "I'm not kicking recovered his old-time sfanding with he r. "Well, if you're done eating we'll go back to work." Before he went to lunch he had been interviewed by two They left the restaurant and walked toward Wall street. reporters the later afternoon editions had a sensational About halfpast two Arthur carried a message to an ofstory of the Exchange place outrage fice in the Bowling Green Building, on Broadway. Arthur got all the credit for the capture of the crook The gentleman to whom the letter was sent was engage L 1 and the defeat of his purpose, while the Wa ll Street guardwhen he arrived, but the office boy carried it to him in h i s ians g ot a slap for allowing a man whose picture 'a R in private office and Arthur sai clown to wait for the answer. the Rogues' Gallery to get below the Dead Line without inThere was a copy 0 an illustrated comic paper on the terference. C H A PTER VIII. A SUCCESSFUL DEAT, IN COPPER. Next morning Arthur appeared at the Tombs Police Court and gave his evidence against the rasca l who had been recognized as one William Brood, who had only l ately been released from Sing Sing a.fter serving a seven year term for a somewhat similar rrime. He was held for the Grand Jnry, was subseqnently tried and convicted, and got a, ten year sentence. Tre11dwell & Co. sent Arthur a check for $500 and a let-ter of thanks. Algernon Si

14 JUGGLING 'NI T H THE MARKET. --------------------------you about 5 if you .go in right a way. The last quo tati on I sa w was -!l" ''But outside this po s ible ri se, do you think there's any thing in the mine to warrant its advance in .the market?" '"I c ouldn't te ll you. It looks very e ncouragjng at the present n'.oment; but it's purely speculation so far as w e out;:ider:; are c-oncc rned l m taking the c hanc e more on au:n 1 rnt of the of I made $120,000 out o f til e firs t a

mos t had lence Jr he to rling ut a fter :ned IITY me icy or one e1r rs. nd m -ln" D r to ne e a JUGGLING WITH THE MARKET. 15 When Arthur and Ashley can)e together that afternoon they congratulated themselves on their good lu ck. 'l'hey :figured up their profits anrl Arthur found that he h ad made something oYer $49,000 while his friend was nearly $4,ooo better off t l1an he h ad been before he went into the copper speculation. CHAPTER IX. A RASCALLY SCHEME. On the following day Arthur fom1d a chance to say wh a t h e had to say h? Elsie: She smi l ed in a coy wa,Y at him when he came over to h e r desk, and he took courage 1 o address her in his old-time spirit. L ook h ere Elsie, you've been holding me at arm's length for hrn weeks now. I didn't offend yon b.v speak ing my mind, di d I?" "No," she repli ed, in a low tone. "Well. I'm g l ad to hear it, for it wouhl break me all up to hav e a falling out with you. I meant e'\ery word I said. Y 0n"re the one girl I car e for, 01 ever will. T went in to the stork market, not only to satisfv m!self that I conlcl mnkc rnbney, but to s how Yon that T too. Yon'rn harl confidence in nll nw denls rxccnt the l ast-the one r iri;t r lenn r d c l osed ont nt a profit of $50.000." She l ooked up at him in s urprise "Have you just made $50,000 more?" she asked "I have. I went into Utah Consolidated a. week ago and to-clay I'm worth thN: much more. Tn all I now have o\er $80,000. And I expect to have more than that before I have l ess. I'd rather lose i t all, though. than lose you." She blushed vividly and w as sil ent. "E,e ry time I do something in 1.hat line I think of what it will mean to you if you should many m@ some clay. Are you go in g to give me a :fighting cha nee to win you?" She bent her h ea d and made no reply "Aren't you going to answer me?" "What clo you want me to say?" "I wnnt you to s:1y !es, of coursr.'' "Well-yes," she answerek. i\ow we\e go! him by theJ w:1iskers Oh, he bit benutifully at th:it tip I h n nded him out. He took aclrnn t age of it to go l ong '!0 000 on C. & 'G. at 50 T hat cost him $100,000 on margin, ancl hr's go in.'-' to g o t 10 000 more as soon as he re ,iJ izes on X. & U. this afternoon \Ve11l0

16 J UGU WITH THE clean out of at l eas t $150,000. H e'll lle\'c r know a thing abo ut it until ifs too late to sa v e himself, for ::::lteele ha s invitetl him to go to his place at Far lfo c kaway and will mana ge to tle iain him until we lelegra!Jh 0. K "The n cover our s hort sa les and force the price up aga i n to 55 or higher, r e alize and get out from under." "It's a fine scheme all through We'll get back at Rhoade s and maJ,e a bunch of money at the same time. The speaker chuckled loudly as he pictur e d the pro s pect of the ruin of the man he ll'as sore on "Well, let's get out of this The boat must be near l y at the other sid e," s aitl his companion. Arthur heard them making their way towa r ds him out o f t h e tangle, and he slipped quickly back u nder the b e lly of a hors e and waited for them to pass. He had the nature of of the eonsp i rators, Steel e and \\ enlock, and he was anx10us to on to the identity of these two men who seemed to b e the lead ing spirits in the ente rpris e that was to involve his employer i n poss ible ruin. They soon came into sight, picking their way among the team s He r ecog nized them at once as J oseph Langley and Oscnr Frankland, two broker s who had offices in the S i nger Bi1ilding on Exchange place, and whom h e had more than once seen in the office talking to Mr Rhoades "If theyaren't a pa i r of ra scal s to put up such a game o n a broth e r broker, I don t know what a rascal i9'. Yon ean bet your wisdom tooth I'll put the boss on to their l it1le game ju s t as s oon a s I get back to the office." Thus s p eak ing, Arthur made his way back to the front oe the boat, for the .Jersey City ferry slip was close at hand. He hurried, a shore and los t no tim e getting to the office of the broker for whom he brought the message, whi c h re qui reel an answer It happened, however, that the broker was not in when h e arrived, and he was obliged to wait a full half hour for him to show up. A s soon as he got his an swer he hustled back for t h e ferr y nncl reach e d the s lip just in time to mis s the boat r \ s another one was coming into the adjoining slip he k n e w he woul d not have long to wait H e was the to get aboard, and ru s herl to the front of the boat, as was cus tomary with him. A s soon as the boat reached New York h e started f o r Wall street at his best p ace. Arrived at the office he wen t into the office, but Mr Rhoades was not there. He asked t he cashier if he knew where the broker hacl gone. "He's gon e for the d ay ; that's all I know," was the a n swer. "But I've got an answe r here from Mr. Shubert of Jersey City said Arthur. ''Give it to me I've mv in st ructions re,,aardina it so you n eedn't worry.". A r thu r handed him the envelope he had brought back. "l \\'Oll

lS 1lt p r e D D s JUGGLING 'Wl'l'H TTIE MARKET. 17' scnger stepped up and h e recogniz e d him. "What h as brought _you to .Far Rockaway?" "A matte r of grea.L importance, sir. Can I see a few moment s aside." "There is nothing wrong at the office, is the re, or at-my house?" cried the broker, with s ome concern "No, sir This is ano t h er matter." "Thank Heaven for that! YoUT unexpected appearance gave me something of a shock. Mr. Steele, this i s Arthur Hale, my office messenger." "Gla,d to know yo"Q, Hale. I think I have seen you be fore," s aid Mr. Steele, offering his hand, w hich Arthur took. "You'll exc u se me for a f ew moments, Steele," said Rhoades. "Certainly. I ll walk up to the house. You' ll find m e on the veranda when you are through,'' and the broker walked off. 'Now, Arthur, what is it? Surely it is something of great importa n ce that hr .ings you all the way from N e1r York td see me when I left word that I would be at t h e office at ten in the morning." "It is of importance, as T think yo u'll admit after you've heard what I have to say In the first I h ad r e ason to doubt that you would appear at all at your office to-mor row "What's that? I don't understand you." "I will begin at the beginning and then I guess y ou 'll understand what I mean." ''I am listening," replied the broker, almost impatiently. "You remember you sent me to Jersey City this afte r noon, sir." "Yes, of course. It i sn't about that you've come to see me, is it?" "No, sir, not about your errand. I delivered your note a n d brought back an answer which, finding you gone, I handed to the cashier." "That :was quite right. i inst ructed him to look afte r the ma.tter." "What I came here to tell you is about something I heard on the ferryboat." ''Something you heard on the ferryboa.t !"exclaime d l\fr. Rhoades, much mystified. "Yes, sir. I a conversation between two brokers named Langley and Frankland, the of which you ought to know at once, because it greatly affects y o u." "Indeed." "Yes, s ir. I will tell you what it was Arthur then rep ea t e d the words he had overheard, as near as he could remember them. "You are sure that wrou have made no mistake, Arthur?'1 said Mr. g rav ely "I am sure, sir. You have been foo.Je d by a bogus tip in order to get you to go into C. & U. One of them, I don't know which, said you had bought 20',000 shares at 50, and expected to get 10,000 m ore this afternoon." 'It is quite true that I bought the 20,000, but the pur chase of the 10,000 was deferred until the morning." "That i s fortunate, I should judge a s the ca se stands." "You say I h ave been invited over by Steele, as a part of the scheme, and that he proposes t o detain me fo;_ a couple of clays. I fail to see how he can do that unless I was willing to stay. As business would not p er it, J s hould certainly have insi s ted on going bac k in the morn ing." "Ur. Steele intends to take some means to prevent yo11 "He does, eh? Well, we'll see a.bout that. So Fra 11]; land and Langley have put up a job on me? And a rasr;al ly job it is, too. And S teele and Wenlock arc in it, a : s" What a n easy mark 1 was never to suspect the bait tk y offered rne to nibble at. Arthur, you're a smart boy to di:> cover thit\ plot, and an ancornmonly shrewd one to com<.' over here to tell me about it. Well, I shall spoil this liti.l.: scheme in the bud. I'll sell those 20,000 shares first thing in the morning." "If you get to New York." "If 1 get there? What' s to prevent me? I'll l eave he:e now with you Invent some excuse to throw the dust iu eye s and take the last train for town." 'The last train has alreaLly gone, si'r. You can't l e ave h ere to-ni.ght, unless you can borrow an auto1;1obile, or hire one." "But I must outwit those r asraJs anc1 cakh them in their own trap if I can." \Yell sir, l"ll tell how ?OU might be abl e to get the best of them without their kno\Ying i t, perhaps." "How?" "Send an order to your c ash im .by me to sell those 20.000 shares of C. & l,T. in t h e morning in sma ll l ots, outside the Exchange, if at a price l01rer than the marke r which closed at 52. 'J''hen Lang le y nml Frankland, who are evidently engineering the clcal, \Yill not that you hav e got rid of the share s Stay here 1rith l\fr Ste: le as long a s he mak es excmef to h ave you do so, klcp honing s uch other directio n s to t h e office as have no connection with C. & U. Lang l ey ancl Frankland will start in to brar the s tock to-morrow. That will not Rffcrt Yon after ,voi1 hav e got ricl of your s hare s Lrt them pusli the price rlown the t en o t twelve points thev propose to (lo. Give me an other order on Mr. Brown in structi n g him .to bny C'. & -TT. at its lowest point, sRy on margin, hypothecating Ruch se curities as you care to raise mone y on to cover your m a r gin, then when the stoc k goes lll' to 55 or so. arcor fling to their programme, you can realiz e a big profit on their opera tions When the deal i s over, and they are lau g hing in their sleeves at your snpposrd los ses, you can send for Lang ley, give him a laying out for hi s rascality, and show him how you h ave turned the tables on them." Mr. RhOacles liste ned w ith much intere st a .nd not a little surpriRc as liis outlined the plan for getting back a t thr com:pirntor;;:. "TTpon n1y \ronl, .'\.rthPr, you are a wonderful boy. 1


1 3 JUGGLING WI11H THE MARKET. you 1rere an experienced operator you could not have sug a better plan of actio n I'll adopt your idea at once, and will r e ward yon in a suibble manner when the game i s fini s h e d. Corne -into th e house. I'll write a letter to i.\Jr. Br01rn autho r izing him to proceed o n the lines havC' laicl dol':n. Stee l e w1ll suspect nothing, as I f'1.all g ive liirn to understand that your visit had reference to a matter of g rcnt importance, quitr foreign to r. & U." 'I'wenty minutes later Arthm was on his wav to a hotel where he proposed to pal's the night, with :rir. Rhoades' letter of instructions in hi s pocket. He was feeling pretty good, for he felt that he had oheckmated the plans of the fom rnscals as well as impressed his emp l oyer with a very fai orable opinio n of his own abilities. CHAPTER XI. DOING UP Ol!' AND JtTS CROWD."' Arthur r eached the office soon after his regular time next morning and delivered l\Ir. Rhoacles's letter to Mr. Brown, the cashier. Soon afterli'ard, l\[r. Brown p11t on his hat and went out. C u stomers un:e gentlemanly rascals the same an swer, and they departed apparently pleased with something. A rtlrn r watch ed the ticker at intervals all clay and soon saw that C. & U. was dropping the scale 'Vhe11 the Exchange closed for the clay it was 47. / A rthur clrnckled to himself, especial!: when Langley came in after three and inquired again for Mr. Rhoades. The .Young messenger did not presumeto ask Mr. Bro'1:n if he had sold out the boss', holrl ing;; in C & but to o k it or granted that he hnd. Mr. Rho;1.cles did not appC'ar at the office next day. eith r r urnl C. & U. continued its clownwa.rcl march, reaching -l-1 \Jy three o'clock. :\!"ext morning at e lev en it h ad gone low enough to wipe haYei As it is, the.v must have over a miliion up, and thought they could raise so much. I think theyn find the hoot on the other leg to-m orrow. We'll cheat them out of a large slice if not a 11 of their. anticipated profits. It's coming o u t better than I expected." Mr. Rhoa d es was tickled to death at the constem11tion hoped to cause in the ranks of the enemy on the morrow. "If things tum out as I hope, I'm going to give you $5,000, In addition, you r days as a messe nger are over. You're going into my counting-1:oom." "No, si r I'll haYe to r efuse the $5 ,000." "Refuse $5,000 !"cried the broker in amazement. "Re fuse $5,00 0 !" he repeated. "Why, I neYer heard of such a thing. What do you mean?" "I'll ex plai.n all to-morrow afternoon, sir." "Why not now?" asked Mr. lhoacles, looking at h i m very har

0 rt e cl 0 :s n r, n i s : o & n 10 I -" ; o s -y, m 1k 1cl n m s. )U er e ry J TUGLI:N"G 'nTH THE l\IARKET. 19. ---------"I ham my so l y .. n t'li cxl:usc me.'' "13less me! l doii't nmLr .;t< m I. t!:e m allet all R e fuse $5,000 \\'ho eve r heard of an ollice b o y refusing any thing offered him?" "It i s a nov e lty, I suppoee, sir; but there's a reason, and that' s a ll I can say just no1L'' Next m6rning whe n the Exdiange opened for business the bank's r ep r esentative rmhed up to Langley 1and asked him if he wanted any C & U. How much have you goi ?" "Eleven thousand shares W i ll you take them or shall I throw them on the market?'' Langle y gasped, made a quick ca l culation, and then sa id he' d take them. He didn't dare r efuse, for he knew the consequences, and he and his confederates had not yet got rid of their hold ing s They intended to begin that morning, Frankland, Steele and Wenlock having arranged to comme n ce unloading i n sm,all quantities that would not attract attention. Hardly had the memorandums passert between the two men than one of Rhoades's brokers offered him 5, 000 shares of C. & U He took the m depending on subsequent sa l es b,.Y his assoc i ate s to raise the funds to pa for the stock b'y three o'clock. Another broker now launc h ed another 5, 000 shares at him. Lang l ey was staggered The perspiration gathered on his forehead and the l ook oi a hunted beast came into his eyes. He took bhe offer on the Sa.J.118 as the other, h opin<_\ that the worst was over. The worst,.J10weve r, was to com e, for a third broker shook an offer of 10 ,0 00 shares in his face. Lan gley collapsed. H e was alrracly deeply imolred and dared not take the shares that be knew hC coulcl not pay for. '11hey were immer liatel y dumped on the market, a.nd C. & U. began to totter nt 5.5. Iusicle of a m in u le the Bx change 1ra.'> in an uproar. A d ozen brokers began to sell the stock short, seeing tha.t it 1ras going to pieces, and among thesea ppearecl Mr. Rhoades. The conspirato r s made one more effort to avert the inevitable, a ncl t h e n tried to ge t rid of their h oldings at any figure But buyers wore shy, ancl C. & U went d own 1 ritl1 a rush. For a n h our or more the Exchange was like a howling Bed l a m an d when at last the panic began to subside, C. & U. clown to -!:l, f:Ilfl L angley & Co were ruined men, for Lan g l ey, who represented all, cou ld not meet his engagements at the closing of the Exchange. It was sel'era l d n :rs brfore the hank made a ,,;ett l ernent. with Arthur and then it was on l y after the Reafa of the four men b een sold to make up the amount they owrd the different brokers. :\Ir. Rhoades was in high g lee. \rhen he closed out his shorts, and his broker s had set tled with the Langley crowd for his 2 0,000 shares of C & U., he hacl made $350,000. Arthur made $185,000 ove r all charges, whi l e Ashley came out $7,500 ahead. As for Langley and his crowd, they were practic ally broke a nd their only resource was to go on the Curb, and try to build thems elves up aga in. The y were probab l y the ma'.ddest men in town when they cliscornrrrl that 1l1cir conspiracy to ruin Mr. Rhoades had reacted on their own heads. They s1rc r c to hal'c revenge somehow. They could not quite understand how their scheme had gone astray, bnt from certain things that Steele told them they traced the beginning of their d efea t to Hale's night visit to [i'nr nockaway Although they did not credit the young messenger with having discovered their plans himself, nevertheless they blamed him aR an agent in the matter, and included him in thei r vengeance. .. CHAPTER XII. ARTlIUft I!AI.E BEC Ol\IES HIS OWN BOSS. .lt wa s not mt11 .aftcr all settlements had been made in the C. & U. matte r, and the fate of Langley and his confederates bren determineo, that Mr. Rho ades renewed the s ubj ect of the $:'i,OOO present and other matter s he had in mind. "N 011," he s aid, J am prepared to give you my c h eque for $5,000 in recognilion of your serv i ces to m e in this C. & U affair. Yon 've i;a red me, undoubtedly, from a large monetary

--__..... !O JUGGLING WITH THE MARKET. .'You made a quarte r of a million thi s y ea r r e pli e d Mr. Rhoade s looking at m ess enger a s if h e thought he had taken leave of his senses. "Yes, sir." "And pray, how did you make it? How could a boy like you make so big a sum of mon e y m a year?" in an in crellulou s tone. "ln the stock market, sir." "vVhat !" ejaculated his em,Ployer. "In the s t ock market?" "Yes, sir." "Perhaps you'll explain." "Certainly, sir," said Arthur. After mentioning how he had made his fir s t e s say s and acquired a ca.pital o f $2,200 h e told t he brok e r of bis fir s t important deal-500 s hares of C. & 1 D. by whi c h he had cleared $10,000. "My next attempt was 1 000 A. & P., which I bought a t 92 and sold at making $20 000. Then I overheard two men one day talki'bg about the prospect s of the Utah Consolidat e d copper min e I bought 5,000 shares at $6 and another 5,000 at $8. I s old both at 12, jus t b e for e the drop, and made $50,000. That left me with $80,000. Then I went in on this C. & U. deal, feelin g pretty c e of where I stood. I bought 10,000 shares at 40 and another 5 000 at 47. I ordered the shares dumpe d on to Langley and friends at th e sam e time yon did ancl I made $185,000 Now I'm worth e xactl y $265',000. That's the whole thing." Mr. Rhoades li s t enccl to his conf ess ion with the utmo s t amaze. It seemed like a fairy tal e to him. He could hardly r e alize that th ere was ariv truth in it, and yet Arthur had li>een very e xpli cit about .the d e ta.ils. For some moments after th e boy had re aseker in the Street but will try for your scalp." "I think the re will be one who won't." "Who' s that?" "Yourself." "True. I wouldn't endeavor to deprive you of your fleece, bi,1t I'm about the only o ne, I g u ess." "Well, sir, if any brok e r can do me up h e s welcom e t o what he can get." "Then you believe you are a match for the Stree t eh?" a s k e d Mr. Rhoades, much amu se d. "No, sir. I mean to do business on bu s iness princ iples and keep a sharp eye out :for sharks." The broker shook his head in a doubtful way. "Wall street is full of pitfalls. It is but a step from affluence to poverty, young man. I tMnk you are making a grave blunder by leaving my employ." "Possibly; but I have a different opinion." "Your inexperience will make you a fair mark fore.v ery rlesi gning rascal of the Langley stripe in the district." "T do not propose to eC!verti R e the fact that I have a lot o f You aTe the onlv one T've take n into my secr e t and I know you will not spre ad the ne'1 r s/' "Yol1 s hall have no cause to regre t ym1r fra nknes s with me. When do y ou e x pect to cut loos e?" "At the end of thiR week." "Very w e ll. I s ha.ll ins i s t, how e v e r, tha t you a cc ept my che ck for $10,000 in consid e ration of your re

t I, u JUGGLlSG \Vl'l'H THE MARKET. Thank you, sir. I appreciate your kindness very much." 'l'he wonl s ll'ere hardly out of his moul h bcfo1e 11tc do or That ended fthe interview, and the ensuing Saturday opened and U1e fair stenographer cnl c r r d the room ended Arthur's con nection with Mr. Rhoades. "How do you do, :Miss Willia ms?'' said A s hley. "Glacl D uring the next week he spent his time l ooking up an to see you." office. "Thank you Corne up to inspect our olliec, J su pposc," He found a suitable one on the sixteenth floor of the she replied, with a smile. Atlas B uilding on Wall Slreet and proceeded to furnish it "That' s what I have. I was telling Arl llrnl you both u p to su i t his taste and requirements. have a very comfortable place here." There was one unu sual feature about the room which "I like it very much. But I shu'n l be thoroughly con rather appealed to the bright young operator, and that was tented until I get lots of work to do. \ t present all I have a trap door which the previous tenant had had built in the to do is to read, und ihat i sn't vety p:ofitabl e." center of the floor "Art will' see that you get busy, don'l y0u fear," grinned Covered with a l arge fancy rug, Arthur l ooked upon it Ashley. "I suppose you haven't anything on the books as better, in some respects, than a safe, for it was the last yet, old man?" turning to his friend thin g any one woul d think of looking for in a modern ."Not a thing, but I a in'l wonving about that." office bui l ding, and it fit ted so nicely as to defy ordinary ."I say not. A fellow that's worth a q uarter o f inspection . a million can afford to take things easy In fac t it was by t h e merest chance that Arthur dis"I prefer to have something on my mind, b u t I'm not c over ed its presence, and he at o nce perceived its advantage going to rush bald-headed into business just to get busy as a secret repository for anything of value. I want to know where I'm at. I'm developing my bump As soon as the office was ready for occupanc:v, Arthur of caution now. A qua : br of a million dollars requires took possession and hired a sma ll office boy, who soon dis-looking after, or it m a y get away from you when you aren't covered tha.t he had a fat job. thinking. I may have made it easy, that's because I've bee n Inside of two weeks Elsie Williams resigned as stenog lurln but 1 can lose it twice as easy if I don't keep my r aphe r for Mr. R hoades and took possession of a corner of weath,er eye Ii fting all the tim e Isn't that the way !)'OU fee l Arthur's office. tow ard your thirteen thousand odd?" T he glass door, which had at first been lettered simply "Bet y.our it is! J'.m going to hold on to it with a 1Arlhur Hale" in the center, now had the additional indoubl e grip until I catch on to something that looks rea l scription in smaller letters: good and even the n I sha'n't jump in until I have had a "El sie Williams-Public stenographer." talk with you, for I've got a notion that you've got a more What Arthur Hale's business was could only be conjeclevel head than me, and conse1uently your advice goes a t u red by the othe r tenants of the corridor, but they soon long way with me every time." made out that the chief occupant of Room No. 520 was an "I suppose I ought to feel complimented," uncommonl y bright looking and business l ike b o y Arthur. CHAPTER X III. ARTHUR MAK ES A BID FOR GOVERNMENT BON D S. "He llo, Art, you 've got a fine office, even if it is up near the roo f," remarked Curtis Ashley, walking in rather un e x pectedl y on h is friend. "Yes, I 1ike it very much. One can get a fine view of the lower part of the city, the tail ends of the rivers, the bay and a glimpse of both Brooklyn and New Jersey." I should think that it was a ery comfortable office, especially in summer." "That's what it is." "I see you've got Miss Williams with you. She's gone into b u siness on her own hook, too "Yes. I've just some cards printed. for her, and have circulate d them about the bui l ding, so that I hope she'll soon get p l enty of work to do. I won't have much for her to d o myse lf. S h e ought to be here by this time." "That's for you to s8y. I'm only giving you my opinion on the subject." "All right, Curtis When you hear of a tip come up here and I may buy a share of it from you." "You'll buy nothing You're welcome to share in any tip I get hold of in return for your advice." "That's a cheap way of acquiring an intere s t in a good thing. I never refuse an offer as liberal as that." "Well, I can't stay here all day, or there'll be something doing at the office when I g e t back, for Mr. Darby se-:-ms to keep tab on me when I go One of these da .ys I"rn ooina to shake him and ao inTo bu s ine s s for: myself. It's 0 0 0 fine to be one's own boss." "Perhaps it is, but not al ways as profitable as you may think." Ashley laugheJ uni! the n took hi s l eare just as a gentl e man entrred at the door with Rome papers in his hands. "I s hould like to see Miss Willi a ms he suid. "That is the young lady at the desk yond er," rt>plied Arthur, sitting flown at his own desk and taking up the lfa77 8trl' e t News The gentleman went O\'C'r to Els ie and engaged her to do some typewriting for him.


1 ,. JUGGLING WITH THE l\IARKET. His office was the adjoining OI)e, and h e said th a t hi:; 1 h a d bet te r get your fir s t p a.ymcnt o f i en p a cent. r e ad y as st e nographer had just left him lo get manie d and h e h ad soon as you a r e n o tified tha t yom : bid o r a n 3 portion of it, not as yet hired a new one. has been a ccepted. 'l'h e n you ll b e i n s h a p e to d eposit the Elsie said she woUld be happy to b e of s ervice to him, and amo unt wit h th e Sub-Tr e a s ur y without loss of time." they soon came to terms on the work, which s h e did so w e ll "Thank you, s ir. I will act on your advice." for him that he said he might give her all his work of "You ma y find it of to dispose of your option that nature if she would come in and take dictatinn whe n on the n e w bonds after you h ave mad e your first paym ent, he wanted her to. or eve n b e for e for you will have a certain length of time She agreed to that. the time of the allotm ent of the bonds 'llnd the Within a week she had got several custom e rs who c ould elate o f t h e initial pa y m e nt. At any rate, you can consult not afford to keep a girl steady, and she b e gan to feel quit e \ri t h m e befor e you make an y move and I will give you \ encouraged over her new vocation. t h e b e nefit of m y ad v ice anil e xperience." Arthur now made it his whol e business t o watc h t h e "I a m v e ry much oblig e d to you, Mr. Rhoades." fluctuations of the market and to keep on the al ert for a "Don't menti o n it. I have taken an interest in your possible opening. future a nd would like to see you get on. Depend on it, L Mr. Rhoades paid him a visit after he had bee n three will do all I can for you." weeks in his office. The broker then went over to where Els ie was busily "Well, doing anything yet?" the brok e r a s k e d aft e r h e clic king away at her machin e and asked her how she was had looked around the ,Place and remark e d on i ts chee rful-getting on. ness. "I am doing very well Mr. Rhoades," she replied. "I "Nothing as yet, sir." rath e r like the novelty of being my own employer." "Going slow, I suppose." Well, I am glad y ou are in with Arthur. He'll look "Yes, sir. I am stud y ing the situation." out for you if you need an y looking after." "You'll find you have lots to l e arn. my boy." El s i e laughed and r e plied that she she could "Yt:ls, ir; and it can't be l e arn e d in a. da y." t ake c a re of herself a11 right. "I'm leruning s omething new all th e time in y s e lf, and }.Ir. Rhoa des talked with h e r for awhile and then took I've been thirty year s in the bus iness. Do you t hink o f his l e ave, s a y ing that he would drop up again before long. becoming a broker after awhile?" During th e first pa .rt o f lh e su c ceeding week Arthur, "Perhaps. When I've got more familiar with the r o pes." who w a s on the lookout saw the Government reques t for "I think you would have done b e tter t o h a v e gon e into bids on a certain n e w bond issue, and he lost no time in my counting-room and learned what v o u need to kn o w in sending in his own bid in the r e gulation manner. the regul;r way. You could hav e p t; t your m o ney out a t H e soon sa w by the paper s that the i s sue had been over where it would have b een safe and in a few year s subscrib e d to a consid e rable e xt e nt, so he came to the con .you would have had both the capital and t he e x peri cnre clusion tha t he might not get the whole of the bonds he to branch out properly for your s elf." had a skeJ. for. ,"I have no you are ri g ht, sir; but my idea i s at That, howe ver would d e pend on the character of the bid s present to do business e ntirely for myself through regular the hig hest of which !\'Ould, as a matter of cour se, brokers-yourself, for insta.n c e." th e c all. "You are taking a great risk a s I told you b e for e I 1n du e cour s e of time Arthur receiv e d an official notiadmit that you are pretty s mart with a r e markably clear ficalio n that his bid wa s acc epted and that he would be head for one of your age, but s till the Street i s full o f u ll o l t e d the full $2 5 0,000 worth. bri ght men who are looking out for Numb e r One a t a ll H e immediately w ent out and s ecured $ 2 5,000 in gold tim es." coin and brought it in sec tion s to his offic e d e positing it "I believe you, sir." in th<'j c ompartm ent in the ,floo r unde r the big rug "Well I've come up to a point er. N o t 011 s lock', H e took care to lo c k hi s officr

eady as m of it, osit the option iyment, of time md the consult ive you n your Jn it, I. busily ;he was ed. "I 'll l ook a could n took f long f\.rthur, 1est for lime in over he con nds he r e bids, e, Ii notir uld be n gokl ting it utting learn e stenis rug [never ig have would n con n the 2 3 quiet, for naturally their obJ' 11, this Langley was the and front of the con-a secret See, you can hardly it up with, but it is so light th" ' penknife suffices to pry it up." "Then I'1;n sorry tha.t I did anything for h i m she said. Arthur re-covered the trap with the rug, ia.t, "Well, it doesn't matter so long as he p aid y<>u for your unlockeil the door and opened it to go 'out. work, but if I was you I'd fight shy of. him hereafter. He came face to face with Joseph Langley, with a bunch Find some excuse to shake him off. I don't care to have of papers in his hand, who was apparently in the act of him, or his partner Fnrnkland, coming in here." entering. well, Arthur." Next day when Langley came up with another bunch of work he was a ccompanied by Frankland, whom he intro CHAPTER XIV. duced to Elsie. Arthur was not in at the time, but he came in bef o re A THRILLING SITUATION. they left. Frank>land came over to him. Mr. Langley was perfectly cool and collected, but Arthur "I think you were l\fr. Henry Rhoades' nptil was rather staggered at the meeting. lately, we;en't you?" he asked, with a peculiar smile. "I wish to see Miss Williams/' said the curb brok er, "Yes, sir," r e plied Arthur, coldly without any indication that he had ever seen the boy before. "You seem to be in busine s s for yourself now. Might "Miss Williams," exclaimed Arthur, "here is a gentleI ask the nature of it?" man who wishes to see you." "My business is entirely of a private nature." Elsie turned around and Mr. Langley walked toward her. "Ah, indeed! If I am not mistaken, you were one of "I've brought some work that I wish you to do for me," the lucky bidders for a quarter of a million of Government the boy heard him say. bonds Would you like to dispose of your option at an Then he closed the door and walked toward the elevator. advance?" "\Yonder if that man has an office on this floor or in "I haven't considered such a matter as yet," replied this building?" Arthur asked himself. "I don't care about Arthur. Elsie doing any work for him. A man capable of putting "Well, if you should, Langley and I are ready to make up such a job as he did on a fellow broker is not to be you an offer. We have an office on the sixt}.1 floor. We'll trusted be glad to have you drop in any and see us Arthur made a tour of the floor, but cl id not see Langley' s Arthur bowed, but did not say whether he wou l d or name on any door. When he went downstairs he looked at the office dire c tory on the wall and saw that Langley & Frankland had would not call. "You don't smok e, do you?" asked Frankland, drawing a leather pouch from his pocket and seeming disposed to an office on the siAih floor : prol ong the interview, while his partner was engaged with "It is e vident that they haven't a stenographer, or Lang Miss Williams, though Arthur ga ve him no encourage ley wouldn't bring work to a public stenographer," he said, ment. as he walked outside. "No, sir, I do not," replied the boy. When he got 1Jack to the an hour later he asked "Nor drink either, eh?" Elsie wha.t i:ihe had done for Mr. Langley. "No, sir." She told him. "Those are pleasures to come when you get older," "He promised to bring me some more copying to morlaughed the koker. row," she added. "I don't intend ever to drink, and I hardly think I will "Don't you remember that I told you tha.t a clique of take to smoking, either." brokers tried to ruin Mr. Rhoades a few weeks ago?" asked "You'll find that if you adhere to such a resolution Arthur. that you'll be out of the swim, young man, replied "Yes, I remember you told me about the matter before land, striking a match qn the sole of his boot and lighting either of us left the employ of Mr. Rhoades." a cigar.


, "I don't think it abselutely essenti a l to a per s on' s in life to do either," replied Arthur. "Possibly not; but n ea rly everybody indulges in one the other, and mos t peopl e in both." "I don't think it will do me any to be one of the exceptions." "Unless one drinks he can hardly be considered socia l." "I don't agree with you, Mr. Frankland." The broker shrugged his shoulders, as if it was a matter o f indifference to him whether Hale agree d with him on that point or not. "You're one of the lucky boys, aren't you?" he said, af.ter a pause "In what respect?" "I heard that you made a quarter of a million out of the stock market." Arthur gave a start of surpri se. "Who told you that?" "Oh, a little bird," chuckled Franklana, winking one eye at the boy. "I wouldn't take too much sfo c k in what birds say," r e plied Arthur. "I don't; as a rule; but-well, you pid make if, didn't you?" "You can't prove it by me, Mr. Frankland. But doesn't it strike you as just a little bit ridiculou s that a messenger boy sl;tould be able to make even the tenth part of tha t s:um in stocks?" "That's right; but your case is the exception that proves the rule." "That is, you think it is th e exception." Frankland whistled softly and puff e d away a t his cigar. "Whet h e r you've made 'it or not, you 're credited with the fact," he said. "And you r bid for $250,000 worth of bond s seems to confirm it. B y the 'ray I think I could put you on to a good thing i n copper if you've got tlrn cash to follow 1t up." "You are very kind," said Arth ur. "Do y ou often hav e good things tip yoi.1r sleeve?" with a sarcastic smile. "Oh, yes, quite often. We have the inside track in cer tain quarters. We get hold of information in advance that is very valu a ble." "Then you ought to money." "We do. I guess I c ould put my hand on half a million to day if it was necessary." Arthur didn't believe him, for he had good reason to know that and his partper were at a pretty low finar!cial standpoint. days." ad concluded his business with for her work, he rose to g o d, we'll get back to the office. ing up. "Good day, Hale. Drop in e. Langley a.rid I will put you next at will double your capital inside "Of ten With a nod he followed his partner outside, and Arthur was glad to get rid of them. One day, a week later, Arthur arranged to go to the theater with Ashley. Ashley was to call at the office about fpur, and they were to go to a restaurant and take supper together later on, after they had escorted Elsie to the Bridge cars. It was about a quarter to four when the office door opened and four men entered the room. Arthur sta r ed at them in surprise, for the visitors all looked alike. Each had a full beard that was a duplicate of the rest. Each wore a blue-serge sack suit and a brown derby bat. Any O!le would have ta.ken them, at a glance, :for, four brothers. One, who carried a satchel, remained near the door, while tw(> advanced toward Arthur and the other over to Elsie. Before Hale could as k the men their business the y sud denly pounced on him, and in spite of his resistance, gagg e d him with a hand.k e rchief and bound his arms behind his back. Then it was that he saw that Elsie's m outh had also been gagged in a similar way, and that one of the men menaced her with a r e volver I It was certajnly a thrilling situation for these two young people to find themselves in without the s lightest warning. CHAPTER X V THE ROBBERY. "Now," said the man with the revolver, "let's to busi nes s This young chap is worth a quarter of a million. I happen to know that h e has discovered the secret depos itory of this room. L e t u s see if he keeps his wealth hidden in it, for, being under age, h e cannot deposit it in a bank and draw his check against it. H e must keep it somewhere, and as there i s no safe in the room I have a suspicion


l .r \. t L JUGGLIKG WITH THE 25 Uial 11e sball find iL uncler the floor. yon cluty to search for it." No. 2, it will be [ The mice was :;tcrn a.ud menacing, and to Arthur's quick ear it sec:mecl lo be the voice of Joseph Langley At a sign from the lea.der, the man addre:;sed as No. 2, antl who Arthur felt assured 1ras Oscar Frankland, stepped fonrarcl from the door, which he had locked, and, dropping the hanq-bag he ca.nied on the floor, tore the rug asidr, ancl falling on his knec