FREE BOOKS

Author's List




PREV.   NEXT  
|<   133   134   135   136   137   138   139   140   141   142   143   144   145   146   147   148   149   150   151   152   153   154   155   156   157  
158   159   160   161   162   163   164   165   166   167   168   169   170   171   172   173   174   >>  
d it seemed but a cynical way of saying that his sole sweetheart was gold; but when he reached his room and glanced at the tape its meaning was written plain. Navajoa was quoted at six. He brushed aside his excited clerk and called up Buckbee on the 'phone. "What?" yelled Buckbee as he recognized his voice, "have you been here all the time? My God, man, I've got the whole police department after you! You've ruined me! I've gone to the wall! Yes, bankrupt, I tell you, unless you go to the bank and put up collateral for my loans. Why didn't you tell me you only had credit of a million dollars in all? You said: 'Buy all you can get!' and by the gods they threw it in my face with both hands! Hundreds of shares, thousands of shares! And then when I called you up your clerk said you had gone. Well, I had my orders and you can't say I weakened--I bought thirty-two thousand shares!" "'Thirty-two thousand!' Well, what are you kicking about? That gives me control of the mine. But say, what the devil does this ticker mean, quoting Navajoa at six dollars a share?" "It means!" shouted Buckbee, "that you bid up the market until I paid forty-three for the last and then Whitney K. Stoddard dumped every share he had and cut the ground out under your feet! You're obligated to make up a total deficiency of nearly a million at the bank; your loans have been called, and mine have been called, and the stock is forfeit for the debt. You've lost your stock that you bought on a margin and unless you can take up these loans, every blessed share of Navajoa will go to Stoddard and his bank." "To Stoddard! Well, what does that bank outfit mean by grabbing all my shares? Ain't my name good for about fifty million? Did I ever default on a debt? I'm going right down there and tell that president to give me back every share, and if he don't----" "Oh, now don't talk that stuff! Just go down and put up some collateral. That's all that will save you--they've got the law behind them and they're strictly within their rights. No, now listen! You borrowed a half a million dollars at the bank this morning and put up your Navajoa for collateral. It was worth twenty-four then, but now, by my ticker, it's only five and a half. Can't you see where you are? Stoddard caught you napping and he'll never let up till you're broke. You valued it at thirty, but he'll keep the market down to nothing until you settle up and liquidate thos
PREV.   NEXT  
|<   133   134   135   136   137   138   139   140   141   142   143   144   145   146   147   148   149   150   151   152   153   154   155   156   157  
158   159   160   161   162   163   164   165   166   167   168   169   170   171   172   173   174   >>  



Top keywords:
Navajoa
 

million

 
shares
 
called
 

Stoddard

 

dollars

 

Buckbee

 

collateral

 

market

 
ticker

thousand

 

thirty

 
bought
 
default
 
president
 

margin

 
forfeit
 
deficiency
 

grabbing

 

outfit


blessed

 

sweetheart

 

napping

 

caught

 

settle

 
liquidate
 
valued
 

twenty

 

strictly

 

cynical


morning
 
borrowed
 

listen

 

rights

 
reached
 
thousands
 

Hundreds

 

yelled

 

weakened

 
orders

recognized

 

ruined

 

credit

 
bankrupt
 

department

 
police
 

Thirty

 

Whitney

 

glanced

 

dumped