Skookum Chuck Fables - Bits of History, Through the Microscope by R. D. (Robert Dalziel) Cumming
page 24 of 130 (18%)
page 24 of 130 (18%)
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"Certainly," he said. "Write me down for five hundred 'doughbaby's' worth." "You mean a thousand," said the shark. "No," said the "gink," timidly, "I have only five hundred in my sock; that will be as much as my pack will carry." "Exactly; that is just right. You see, you are buying a thousand dollars worth of goods with only five hundred dollars worth of cash. The shares are fifty dollars each, with a cash payment of twenty-five dollars, and the balance subject to call. This balance will never be called for, because on no occasion has an insurance company been known to call in its balance of subscribed stock; and the X.Y.Z. is not going to establish a precedent in this respect. You will have twenty shares for five hundred dollars. In other words, you will draw interest on one thousand dollars, and only have five hundred invested. Was ever a business so philanthropic in its foundation?" Our hero grabbed the bait like a pure-bred sucker, and handed out his last asset. A few weeks later the company was in the hands of receivers with all its assets vaporized. The popular man found himself on the "rocks." Being popular for a short time had proved a very expensive expedition for him. The retreat rivalled that of the Kaiser's retreat from Paris. It was so sudden that the town heard the thud and felt the jar. The unpopular man realized that it is wiser to remain in one's natural element even if it is necessary to sacrifice many of the first prizes. Perhaps it is |
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