[The President by Alfred Henry Lewis]@TWC D-Link book
The President

CHAPTER VI
37/40

Storri, as further evidence of faith, gave Mr.Harley a check covering what initial margins would be required for his half of the purchase; and then to make all secure, he placed in Mr.Harley's hands two hundred shares of a French company worth that day fifteen thousand dollars.
"I don't want any argument to exist," laughed Storri, as he gave Mr.
Harley the French securities, "for closing me out should a squall strike the market.

Now I shall go to the club." Mr.Harley also laughed, and took the French stock; acceptance always came easy with Mr.Harley.
Mr.Harley bought those two thousand sugar shares at eleven o'clock.

Two hours later an extra was being cried about the streets.

The sugar company had ordered half its refineries closed; some alleged loose screw in sugar trade was given as the reason.
With the order closing down the refineries, the stock began to tumble.
Within thirty minutes it had slumped off six points.

There came a call for further margins, and Mr.Harley offered Storri's French stock.
The security was undeniable, but a technicality got in the way to trip Mr.Harley.The French securities were original shares, issued in Storri's name.


<<Back  Index  Next>>

D-Link book Top

TWC mobile books