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Two Business Women
by
The panic of nineteen-seven is history now. Plenty of people who lost their money during those exciting months can explain to you how any fool, with the least luck, could have made buckets of it instead.
As a snowball rolling down a hill of damp snow swells to gigantic proportions, so Cynthia’s five hundred dollars descended the long slopes of nineteen-seven, doubling itself at almost every turn. And when, at last, values had so shrunk that it looked to Jarrocks as if they could not shrink any more, he told her that her account–which stood in the name of G. G.’s mother–was worth nearly four hundred thousand dollars. “And I think,” he said, “that, if you now buy stocks outright and hold them as investments, your money will double again.”
So they put their heads together and Cynthia bought some Union Pacific at par and some Steel Common in the careless twenties, and other standard securities that were begging, almost with tears in their eyes, to be bought and cared for by somebody. She had the certificates of what she bought made out in the name of G. G.’s mother. And she went up-town and found G. G.’s mother alone, and said:
“Oh, my dear! If anybody ever finds out you will catch it!”
G. G.’s mother knew there was a joke of some kind preparing at her expense, but she couldn’t help looking a little puzzled and anxious.
“It’s bad enough to do what you have done,” continued Cynthia; “but on top of it to be going to lie up and down–that does seem a little too awful!”
“What are you going to tell me?” cried G. G.’s mother. “I know you’ve got some good news up your sleeve!”
“Gambler!” cried Cynthia–“cold-blooded, reckless Wall Street speculator!” And the laughter that was pent up in her face burst its bonds, accompanied by hugs and kisses.
“Now listen!” said Cynthia, as soon as she could. “On such and such a day, you took five hundred dollars to a Wall Street broker named Jarrocks Bell–you thought that conditions were right for turning into a Bear. You went short of the market. You kept it up for weeks and months. Do you know what you did? You pyramided on the way down!”
“Mercy!” exclaimed G. G.’s mother, her eyes shining with wonder and excitement.
“First thing you knew,” continued Cynthia, “you were worth four hundred thousand dollars!”
G. G.’s mother gave a little scream, as if she had seen a mouse.
“And you invested it,” went on Cynthia, relenting, “so that now you stand to double your capital; and your annual income is between thirty and forty thousand dollars!”
After this Cynthia really did some explaining, until G. G.’s mother really understood what had really happened. It must be recorded that, at first, she was completely flabbergasted.
“And you’ve gone and put it in my name!” she said. “But why?”
“Don’t you see,” said Cynthia, “that if I came offering money to G. G. and G. G.’s father they wouldn’t even sniff at it? But if you’ve got it–why, they’ve just got to share with you. Isn’t that so?”
“Y-e-e-s,” admitted G. G.’s mother; “but, my dear, I can’t take it. Even if I could, they would want to know where I’d gotten it and I’d have nothing to say.”
“Not if you’re the one woman in a million that I think you are,” said Cynthia. “Tell me, isn’t your husband at his wit’s end to think how to meet the bills for his illness and all and all? And wouldn’t you raise your finger to bring all his miserable worries to an end? Just look at the matter from a business point of view! You must tell your husband and G. G. that what has really happened to me happened to you; that you were desperate; that you took the five hundred dollars to speculate with, and that this is the result.”
“But that wouldn’t be true,” said G. G.’s mother.