The Market-Place. Frederic Harold

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The Market-Place - Frederic Harold

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he'll buy 'Rubber Consols'—that's what our shares are called on the street—at an eighth premium; that is to say, he offered to buy for twenty-two-and-six what we were offering to the public for twenty shillings. Of course, you see, the object of that was to create the impression that there was a regular God-almighty rush for our shares. As I say, I don't know whether that ever fooled anybody—but at least there was the chance that it might start up some dealing in the shares—and all those things help. Besides, you got the sales noticed in the papers, and that might start up applications from the public. Well, the Broker bought 1,000 shares this way on Saturday. On Monday, when it might still be possible to change the luck, he bought 3,500 more, still at that premium of an eighth. He bought some Tuesday morning too—say 4,000. Well, now, keep those figures in your head, and keep an eye on the Broker. He's worth watching—as you'll see.”

      “What's his name?” asked the sister, with an accession of alertness in her face. “You call him 'Broker'—and that doesn't mean anything to me. They're all brokers, aren't they?”

      “Semple—Colin Semple, that's his name. He's a young Scotchman—father's a Presbyterian minister. He's a little, insignificant runt of a chap to look at—but I learned a long time ago not to judge a singed cat by his looks. However—where was I?”

      “You were going to tell about Tuesday afternoon, weren't you?”

      He nodded gravely, and straightened himself, drawing a long breath in preparation for the dramatic recital before him. “On Tuesday afternoon,” he began again, with impressive slowness, “I was walking on Throgmorton Street, about four o'clock. It was raining a little—it had been raining on and off all day—a miserable, rotten sort of a day, with greasy mud everywhere, and everybody poking umbrellas into you. I was out walking because I'd 'a' cut my throat if I'd tried to stay in the office another ten minutes. All that day I hadn't eaten anything. I hadn't slept worth speaking of for three nights. The whole game was up for me. I was worse than ruined. I had half a crown in my pocket. I had ten or twelve pounds in the bank—and they wouldn't let me overdraw a farthing. I tell you, I was just plumb busted.

      “There came along in the gutter a sandwich-man. I'd seen the cuss before during the day, walking up and down near my offices. I took notice of him, because he was the raggedest, dirtiest, most forlorn-looking cripple you ever saw in your life. Now I read what was on his boards. It was the bill of a paper that I had refused to be bled by, and there it was in big letters: 'The Rubber Bubble Burst!' 'Thorpe's Audacity Punished!' Those were the words. I can see them with my eyes shut. I stood there, looking at the fellow, and I suppose there was something in the way I looked, for he stopped too. Of course, he didn't know me from Adam, but all the same, I'm damned if he didn't wink his eye at me—as if we two had a joke between us. And at that I burst out laughing—I simply roared with laughter, like a boy at a pantomime—and I took that last half-crown out of my pocket, and I gave it to the sandwich-man. God! you should have seen his face.”

      “I don't particularly mind, Joel,” said his sister, “but I never heard you swear so much before.”

      “Oh, what the—what the deuce!” he protested, impatiently. “Don't interrupt me now! Well, I went on down the street. The members of the Stock Exchange were coming out of 'the house,' and making up little groups on the pavement. They do business inside, you know, until closing time—this day it happened to be four o'clock—and then they come out and deal in the street with one another, with the kerb-stone mob, who are not allowed inside, standing round to watch the thing. I came along into the thick of these fellows; they were yelling out all sorts of things—'East Rands,' 'Oroyas,' 'Lake View Centrals,' and what not, but these went in one ear and out the other. If there ever was a man with no stomach for the market it was me. But then someone roared out:

      “'At seven-eighths, sell Rubber Consols! Sell five hundred Rubber at seven-eighths! Sell five hundred at three-quarters! At three-quarters you have 'em! Rubber Consols! Sell a thou. at three-quarters!'

      “This thing went into my brain like a live coal. I stopped and looked up at the fellow—and by God, it was one of the men I've been talking about—one of those Kaffir scoundrels. I wish I was better at remembering names—but I knew his face. There were some of the others around him, and they laughed at me, and he laughed at me. Oh, they had a heap of fun out of me—for a minute or two. Pretty good fun, too! I guess they'll remember it quite a while.”

      “Go on!” Louisa adjured him. The obvious proximity of the dramatic climax drew her forward in her chair, and brought a glow of expectation to her eyes.

      “I got myself away from that crowd somehow—I think I was afraid if I stayed I'd strangle the one who was shouting on the steps—and I went toward my office. But when I got to the door, I didn't have the courage to go in. I'd furnished it better, I suppose, than any other office in Austin Friars, and I had a kind of feeling that the sight of those carpets, and oak-tables and desks, and brass-railings and so on would make me sick. I owed for 'em all, bear in mind——”

      “But—Joel,” the sister interposed. “One thing I don't understand. How many people had applied for shares? You haven't mentioned that.”

      A fleeting smile lighted up the saturnine gloom of his present mood. “It was hardly worth mentioning,” he answered, with bitter mirth. “Between five and six thousand shares were subscribed, all told. I think the withdrawals by telegraph brought it down to practically five thousand. We offered a hundred thousand, you know.—But let me go on with my story. I stood there, in front of our street-door, in a kind of trance. The words of that Jew—'Sell Rubber Consols at three-quarters!'—buzzed inside my head as if they would burst it open. I turned—and I happened to see my Broker—the Scotchman, Semple, you know—coming along toward me. Right at that minute, like a flash, something dawned on me. In less than a second, I saw the whole damned rotten outfit turned upside down, with me on top. I made a jump, and ran to meet Semple.

      “'How many shares of ours have you bought?' I asked him, with a grip tight on his arm.

      “The little chap was looking mighty sick. He figured up in his mind. 'I'm afraid it's eight thousand five hundred, all told,' he said, in a sort of Presbyterian whimper.

      “'Well—how would these gentlemen go about it to deliver their goods—that is, supposing we got a settlement?'

      “I asked him this, and kept my eye on his face. He looked puzzled for a minute. Then he put out his lip. Then he shot me a glance as sharp as a razor, and we looked into one another's eyes.

      “'They were shouting them out to me at three-quarters, a minute ago,' I told him.

      “He was onto the game like lightning. 'Wait for me in the office,' he whispered. 'We'll go nap on this!'

      “With that he was off like a streak. He stopped running just before he got to the corner, though, and began walking slowly, sauntering along, you know, as if his mind was on nothing but second-hand books. I watched him out of sight—and then I went back, and up to the offices. The furniture didn't scare me a bit this time. Why, I stopped and felt of the brass-railing just outside the Board Room, and I said to myself—'Pshaw! We could have you of solid gold, if we wanted to.'”

      He paused here, and regarded his sister with what she felt was intended to be a significant look. She shrank from the confession that its meaning was Greek to her. “Well—and what next?” she asked, guardedly.

      “Semple came back in twenty minutes or so—and the next morning he was at it again—and what with him and his jobber, by George, on the quiet, they picked up nearly eighteen thousand of our shares. Some they paid fifteen shillings for, some they got at twelve-and-six and even ten. That doesn't matter; it's of no more importance

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