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| author | Roger Frank <rfrank@pglaf.org> | 2025-10-15 05:17:03 -0700 |
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| committer | Roger Frank <rfrank@pglaf.org> | 2025-10-15 05:17:03 -0700 |
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diff --git a/1387-h/1387-h.htm b/1387-h/1387-h.htm new file mode 100644 index 0000000..042b136 --- /dev/null +++ b/1387-h/1387-h.htm @@ -0,0 +1,1194 @@ +<?xml version="1.0" encoding="UTF-8"?> + +<!DOCTYPE html + PUBLIC "-//W3C//DTD XHTML 1.0 Strict//EN" + "http://www.w3.org/TR/xhtml1/DTD/xhtml1-strict.dtd" > + +<html xmlns="http://www.w3.org/1999/xhtml" lang="en"> + <head> + <title> + Mother, by Owen Wister + </title> + <style type="text/css" xml:space="preserve"> + + body { margin:5%; background:#faebd0; text-align:justify} + P { text-indent: 1em; margin-top: .25em; margin-bottom: .25em; } + H1,H2,H3,H4,H5,H6 { text-align: center; margin-left: 15%; margin-right: 15%; } + hr { width: 50%; text-align: center;} + .foot { margin-left: 20%; margin-right: 20%; text-align: justify; text-indent: -3em; font-size: 90%; } + blockquote {font-size: 97%; font-style: italic; margin-left: 10%; margin-right: 10%;} + .mynote {background-color: #DDE; color: #000; padding: .5em; margin-left: 10%; margin-right: 10%; font-family: sans-serif; font-size: 95%;} + .toc { margin-left: 10%; margin-bottom: .75em;} + .toc2 { margin-left: 20%;} + div.fig { display:block; margin:0 auto; text-align:center; } + div.middle { margin-left: 20%; margin-right: 20%; text-align: justify; } + .figleft {float: left; margin-left: 0%; margin-right: 1%;} + .figright {float: right; margin-right: 0%; margin-left: 1%;} + .pagenum {display:inline; font-size: 70%; font-style:normal; + margin: 0; padding: 0; position: absolute; right: 1%; + text-align: right;} + pre { font-style: italic; font-size: 90%; margin-left: 10%;} + +</style> + </head> + <body> +<div>*** START OF THE PROJECT GUTENBERG EBOOK 1387 ***</div> + <p> + <br /><br /> + </p> + <h1> + MOTHER + </h1> + <p> + <br /> + </p> + <h2> + By Owen Wister + </h2> + <p> + <br /><br /> + </p> +<pre xml:space="preserve"> + To My Favourite Broker With The Earnest Assurance + That Mr. Beverly Is Not Meant For Him + </pre> + <h3> + NOTE + </h3> + <p> + IN 1901, this story appeared anonymously as the ninth of a sequence of + short stories by various authors, in a volume entitled A House Party. It + has been slightly remodelled for separate publication. + </p> + <p> + June 7, 1907, OWEN WISTER + </p> + <p> + <br /> <br /> + </p> + <hr /> + <p> + <br /> <br /> + </p> + <h2> + MOTHER + </h2> + <p> + When handsome young Richard Field—he was very handsome and very + young—announced to our assembled company that if his turn should + really come to tell us a story, the story should be no invention of his + fancy, but a page of truth, a chapter from his own life, in which himself + was the hero and a lovely, innocent girl was the heroine, his wife at once + looked extremely uncomfortable. She changed the reclining position in + which she had been leaning back in her chair, and she sat erect, with a + hand closed upon each arm of the chair. + </p> + <p> + “Richard,” she said, “do you think that it is right of you to tell any + one, even friends, anything that you have never yet confessed to me?” + </p> + <p> + “Ethel,” replied Richard, “although I cannot promise that you will be + entirely proud of my conduct when you have heard this episode of my past, + I do say that there is nothing in it to hurt the trust you have placed in + me since I have been your husband. Only,” he added, “I hope that I shall + not have to tell any story at all.” + </p> + <p> + “Oh, yes you will!” we all exclaimed together; and the men looked eager + while the women sighed. + </p> + <p> + The rest of us were much older than Richard, we were middle-aged, in fact; + and human nature is so constructed, that when it is at the age when making + love keeps it busy, it does not care so much to listen to tales of others’ + love-making; but the more it recedes from that period of exuberance, and + ceases to have love adventures of its own, the greater become its hunger + and thirst to hear about this delicious business which it can no longer + personally practice with the fluency of yore. It was for this reason that + we all yearned in our middle-aged way for the tale of love which we + expected from young Richard. He, on his part, repeated the hope that by + the time his turn to tell a story was reached we should be tired of + stories and prefer to spend the evening at the card tables or in the music + room. + </p> + <p> + We were a house party, no brief “week-end” affair, but a gathering whose + period for most of the guests covered a generous and leisurely ten days, + with enough departures and arrivals to give that variety which is + necessary among even the most entertaining and agreeable people. Our + skilful hostess had assembled us in the country, beneath a roof of New + York luxury, a luxury which has come in these later days to be so much + more than princely. By day, the grounds afforded us both golf and tennis, + the stables provided motor cars and horses to ride or drive over admirable + roads, through beautiful scenery that was embellished by a magnificent + autumn season. At nightfall, the great house itself received us in the + arms of supreme comfort, fed us sumptuously, and after dinner ministered + to our middle-aged bodies with chairs and sofas of the highest + development. + </p> + <p> + The plan devised by our hostess, Mrs. Davenport, that a story should be + told by one of us each evening, had met with courtesy, but not I with + immediate enthusiasm. But Mrs. Davenport had chosen her guests with her + usual wisdom, and after the first experiment, story telling proved so + successful that none of us would have readily abandoned it. When the time + had come for Richard Field to entertain the company with the promised tale + from his life experience, his hope of escaping this ordeal had altogether + vanished. + </p> + <p> + Mrs. Field, it had been noticed as early as breakfast time, was inclined + to be nervous on her husband’s account. Five years of married life had not + cured her of this amiable symptom, and she made but a light meal. He, on + the other hand, ate heartily and without signs of disturbance. Apparently + he was not even conscious of the glances that his wife so frequently stole + at him. + </p> + <p> + “Do at least have some omelet, my dear,” whispered Mrs. Davenport + urgently. “It’s quite light.” + </p> + <p> + But Mrs. Field could summon no appetite. + </p> + <p> + “I see you are anxious about him,” Mrs. Davenport continued after + breakfast. “You are surely not afraid his story will fail to interest us?” + </p> + <p> + “No, it is not that.” + </p> + <p> + “It can’t be that he has given up the one he expected to tell us and can + think of no other?” + </p> + <p> + “Oh, no; he is going to tell that one.” + </p> + <p> + “And you don’t like his choice?” + </p> + <p> + “He won’t tell me what it is!” Mrs. Davenport put down her embroidery. + “Then, Ethel,” she laid with severity, “the fault is yours. When I had + been five years married, Mr. Davenport confided everything to me.” + </p> + <p> + “So does Richard. Except when I particularly ask him.” + </p> + <p> + “There it is, Ethel. You let him see that you want to know.” + </p> + <p> + “But I do want to know. Richard has had such interesting experiences, so + many of them. And I do so want him to tell a thoroughly nice one. There’s + the one when he saved a man from drowning just below our house, the second + summer, and the man turned out to be a burglar and broke into the pantry + that very night, and Richard caught him in the dark with just as much + courage as he had caught him in the water and just as few clothes, only it + was so different. Richard makes it quite thrilling. And I mentioned + another to him. But he just went on shaving. And now he has gone out + walking, and I believe it’s going to be something I would rather not hear. + But I mean to hear it.” + </p> + <p> + At lunch Mrs. Field made a better meal, although it was clear to Mrs. + Davenport that Richard on returning from his walk had still kept his + intentions from Ethel. “She does not manage him in the least,” Mrs. + Davenport declared to the other ladies, as Ethel and Richard started for + an afternoon drive together. “She will not know anything more when she + brings him back.” + </p> + <p> + But in this Mrs. Davenport did wrong to Ethel’s resources. The young wife + did know something more when she brought her husband back from their drive + through the pleasant country. They returned looking like an engaged + couple, rather than parents whose nursery was already a song of three + little voices. + </p> + <p> + “He has told her,” thought Mrs. Davenport at the first sight of them, as + they entered the drawing-room for an afternoon tea. “She does understand + some things.” + </p> + <p> + And when after dinner the ladies had withdrawn to the library, and waited + for the men to finish their cigars, Mrs. Davenport spoke to Ethel. “My + dear, I congratulate you. I saw it at once.” + </p> + <p> + “But he hasn’t. Richard hasn’t told me anything.” + </p> + <p> + “Ethel! Then what is the matter?” + </p> + <p> + “I told him something. I told him that if it was going to be any story + about—about something I shouldn’t like, I should simply follow it + with a story about him that he wouldn’t like.” + </p> + <p> + “Ethel! You darling!” + </p> + <p> + “Oh, yes, and I said I was sure you would all listen, even though I was + not an author myself. And I have it ready, you know, and it’s awfully like + Richard, only a different side of him from the burglar one.” + </p> + <p> + “But, my dear, what did he do when you—” + </p> + <p> + This enquiry was, however, cut short by the entrance of the men. And from + the glance that came from Richard’s eyes as they immediately sought out + his wife, Mrs. Davenport knew that he could not have done anything very + severe to Ethel when she made that threat to him during their drive. + </p> + <p> + Richard at once made his way to the easy-chair arranged each night in a + good position for the narrator of the evening, and baptised “The + Singstool” by Mr. Graves. Mr. Graves was an ardent Wagnerian, and + especially devoted to The Mastersingers of Nuremberg. + </p> + <p> + “Shall we have,” he whispered to Mr. Hillard, “a Beckmesser fiasco + to-night, or will it be a Walter success?” + </p> + <p> + But Mr. Hillard, besides being an author and a critic, cared little for + the too literary cleverness of Mr. Graves. He therefore heavily crushed + that gentleman’s allusion to Wagner’s opera. “I remember,” he said, “the + singing contest between Beckmesser and Walter, and I doubt if we are to be + afflicted with anything so dull in this house.” + </p> + <p> + Richard had settled himself in the easy-chair, and was looking + thoughtfully at various objects in the room, while the small-talk was + subsiding around him. + </p> + <p> + “Why, Mr. Field,” said Mrs. Davenport, “you look as if you could find + nothing to suggest your story to you.” + </p> + <p> + “On the contrary,” said Richard, “it is the number of things that suggest + it. This newspaper here, that has arrived since I was last in the room, + has a column which reminds me very forcibly of the experience that I have + selected to tell you. But I think the most appropriate of all is that + picture.” He pointed to the largest picture on the wall. “‘Breaking Home + Ties’ is its title, I remember very well. It is a replica of the original + that drew such crowds in the Art Building at the World’s Fair.” + </p> + <p> + While Richard was saying this, his wife had possessed herself of the + newspaper, and he now observed how eagerly she was scanning its pages. “It + is the financial column, Ethel, that recalls my story.” + </p> + <p> + Ethel, after a hopeless glance at this, resumed her seat near the sofa by + Mrs. Davenport. + </p> + <p> + “There were many paintings,” continued Richard, “in that Art Building, of + merit incomparably greater than ‘Breaking Home Ties’; and yet the crowd + never looked at those, because it did not understand them. But at any hour + of the day, if you happened to pass this picture, it took you some time to + do so. You could pass any of John Sargeant’s pictures, for instance, at a + speed limited only by your own powers of running; but you could never run + past ‘Breaking Home Ties.’ You had to work your way through the crowd in + front of that just as you have to do at a fire, or a news office during a + football game. The American people could never get enough of that mother + kissing her boy goodbye, while the wagon waits at the open door to take + him away from her upon his first journey into the world. The idea held a + daily pathos for them. Many had themselves been through such leave + takings; and no word so stirs the general heart as the word ‘mother’. Song + writers know this; and the artist knew it when he decided to paint + ‘Breaking Home Ties.’ And ‘Mother’ is the title of my story to-night.” + </p> + <p> + “Mother!” This was Ethel’s bewildered echo, “Whose Mother?” she softly + murmured to herself. + </p> + <p> + Richard continued. “It concerns the circumstances under which I became + engaged to my wife.” + </p> + <p> + There was a movement from Ethel as she sat by the sofa. + </p> + <p> + “Not all the circumstances, of course,” the narrator continued, with a + certain guarded candour in his tone. “There are certain circumstances + which naturally attend every engagement between happy and—and + devoted—young people that they keep to themselves quite carefully, + in spite of the fact that any one who has been through the experience of + being engaged two or three times—” + </p> + <p> + There was another movement from Ethel by the sofa. + </p> + <p> + “—or even only once, as is my case,” the narrator went on, “any + body, I say, who has been through the experience of being engaged only + once, can form a very correct idea of the circumstances that attend the + happy engagements of all young people. I imagine they prevail in all + countries, just as the feeling about ‘mother’ prevails. Yes, ‘Mother’ is + the right title for my story, as you shall see. Is it not strange that if + you add ‘in-law’ to the word ‘mother,’ how immediately the sentiment of + the term is altered?—as strongly indeed as when you prefix the word + ‘step’ to it. But it is with neither of these composite forms of mother + that any story deals. + </p> + <p> + “Ethel has always maintained that if I had really understood her, it never + would have happened. She says—” + </p> + <p> + “Richard, I”— + </p> + <p> + “My dear, you shall tell your story afterwards, and I promise to listen + without a word until you are finished. Mrs. Field says that if I had + understood her nature as a man ought to understand the girl he has been + thinking about for several years, I should have known she cared nothing + about my income.” + </p> + <p> + “I didn’t care! I’d have”—but Mr. Field checked her outburst. + </p> + <p> + “She was going to say,” said Mr. Field, “that had I asked her to marry me + when I became sure that I wished to marry her, she would have been willing + to leave New York and go to the waste land in Michigan that was her + inheritance from a grandfather, and there build a cabin and live in it + with me; and that while I shot prairie chickens for dinner she would have + milked the cow which some member of the family would have been willing to + give us as a wedding present instead of a statue of the Winged Victory, or + silver spoons and forks, had we so desired.” + </p> + <p> + Richard made a pause here, and looked at his wife as if he expected her to + correct him. But Ethel was plainly satisfied with his statement, and he + therefore continued. + </p> + <p> + “I think it is ideal when a girl is ready to do so much as that for a man. + But I should not think it ideal in a man to allow the girl he loved to do + it for him. Nor did I then know anything about the lands in Michigan—though + this would have made no difference. Ethel had been accustomed to a house + several stories high, with hot and cold water in most of them, and + somebody to answer the door-bell.” + </p> + <p> + “The door-bell!” exclaimed Ethel. “I could have gone without hearing + that.” + </p> + <p> + “Yes, Ethel, only to hear the welkin ring would have been enough for you. + I know that you are sincere in thinking so. And the ringing welkin is all + we should have heard in Michigan. But the more truly a man loves a girl, + the less can he bear taking her from an easy to a hard life. I am sure + that all the men here agree with me.” + </p> + <p> + There was a murmur and a nod from the men, and also from Mrs. Davenport. + But the other ladies gave no sign of assenting to Richard’s proposition. + </p> + <p> + “In those days,” said he, “I was what in the curt parlance of the street + is termed a six-hundred-dollar clerk. And though my ears had grown + accustomed to this appellation, I never came to feel that it completely + described me. In passing Tiffany’s window twice each day (for my habit was + to walk to and from Nassau Street) I remember that seeing a + thousand-dollar clock exposed for sale caused me annoyance. Of course my + salary as a clerk brought me into no unfavourable comparison with the + clock; and I doubt if I could make you understand my sometimes feeling + when I passed Tiffany’s window that I should like to smash the clock.” + </p> + <p> + “I met Ethel frequently in society, dancing with her, and sitting next her + at dinners. And by the time I had dined at her own house, and walked + several afternoons with her, my lot as a six-hundred-dollar clerk began to + seem very sad to me. I wrote verses about it, and about other subjects + also. From an evening passed with Ethel, I would go next morning to the + office and look at the other clerks. One of them was fifty-five, and he + still received six hundred dollars—his wages for the last thirty + years. I was then twenty-one; and though I never despaired to the extent + of believing that years would fail to increase my value to the firm by a + single cent, still, for what could I hope? If my salary were there and + then to be doubled, what kind of support was twelve hundred dollars to + offer Ethel, with her dresses, and her dinners, and her father’s carriage? + For two years I was wretchedly unhappy beneath the many hours of gaiety + that came to me, as to every young man.” + </p> + <p> + “Those two years we could have been in Michigan,” said Ethel, “had you + understood.” + </p> + <p> + “I know. But understanding, I believe that I should do the same again. At + the office, when not busy, I wrote more poetry, and began also to write + prose, which I found at the outset less easy. When my first writings were + accepted (they were four sets of verses upon the Summer Resort) I felt + that I could soon address Ethel; for I had made ten dollars outside my + salary. Had she not been in Europe that July, I believe that I should have + spoken to her at once. But I sent her the paper; and I have the letter + that she wrote in reply.” + </p> + <p> + “I”—began Ethel. But she stopped. + </p> + <p> + “Yes, I know now that you kept the verses,” said Richard. “My next + manuscript, however, was rejected. Indeed, I went on offering my literary + productions nearly every week until the following January before a second + acceptance came. It was twenty five dollars this time, and almost made me + feel again that I could handsomely support Ethel. But not quite. After the + first charming elation at earning money with my pen, those weeks of + refusal had caused me to think more soberly. And though I was now bent + upon becoming an author and leaving Nassau Street, I burned no bridges + behind me, but merely filled my spare hours with writing and with showing + it to Ethel.” + </p> + <p> + “It was now that the second area of perturbation of my life came to me. I + say the second, because the first had been the recent dawning belief that + Ethel thought about me when I was not there to remind her of myself. This + idea had stirred—but you will understand. And now, what was my + proper, my honourable course? It was a positive relief that at this crisis + she went to Florida. I could think more quietly. My writing had come to be + quite often accepted, sometimes even solicited. Should I speak to her, and + ask her to wait until I could put a decent roof over her head, or should I + keep away from her until I could offer such a roof? Her father, I + supposed, could do something for us. But I was not willing to be a + pensioner. His business—were he generous—would be to provide + cake and butter; but the bread was to be mine and bread was still a long + way off, according to New York standards. These things I thought over + while she was in Florida; yet when once I should I find myself with her + again, I began to fear that I could not hold myself from—but these + are circumstances which universal knowledge renders it needless to + mention, and I will pass to the second perturbation.” + </p> + <p> + “A sum of money was suddenly left me. Then for the first time I understood + why I had during my boyhood been so periodically sent to see a cross old + brother of my mother’s, who lived near Cold Spring on the Hudson, and whom + we called Uncle Snaggletooth when no one could hear us. Uncle Godfrey (for + I have called him by his right name ever since) died and left me what in + those old days six years ago was still a large amount. To-day we + understand what true riches mean. But in those bygone times six years ago, + a million dollars was a sum considerable enough to be still seen, as it + were, with the naked eye. That was my bequest from Uncle Godfrey, and I + felt myself to be the possessor of a fortune.” + </p> + <p> + At this point in Richard’s narrative, a sigh escaped from Ethel. + </p> + <p> + “I know,” he immediately said, “that money is always welcome. But it is + certainly some consolation to reflect how slight a loss a million dollars + is counted to-day in New York. And I did not lose all of it.” + </p> + <p> + “I met Ethel at the train on her return from Florida, and crossed with her + on the ferry from Jersey City to Desbrosses Street. There I was obliged to + see her drive away in the carriage with her father.” + </p> + <p> + “Mr. Field,” said Mrs. Davenport, “what hour did that train arrive at + Jersey City?” + </p> + <p> + Richard looked surprised. “Why, seven-fifteen P. M.,” he replied. “The + tenth of March.” + </p> + <p> + “Dark!” Mrs. Davenport exclaimed. “Mr. Field, you and Ethel were engaged + before the ferry boat landed at Desbrosses Street.” + </p> + <p> + Richard and Ethel both sat straight up, but remained speechless. + </p> + <p> + “Pardon my interruption,” said Mrs. Davenport, smiling. “I didn’t want to + miss a single point in this story—do go on!” + </p> + <p> + Richard was obliged to burst out laughing, in which Ethel, after a moment, + followed him, though perhaps less heartily. And as he continued, his blush + subsided. + </p> + <p> + “With my Uncle Godfrey’s legacy I was no longer dependent upon my salary, + or my pen, or my father’s purse; and I decided that with the money + properly invested, I could maintain a modest establishment of my own. + Ethel agreed with me entirely; and, after a little, we disclosed our plans + to our families, and they met with approval. This was in April, and we + thought of October or November for the wedding. It seemed long to wait; + but it came near being so much longer, that I grow chilly now to think of + it.” + </p> + <p> + “Of course, I went steadily on with my work at the office in Nassau + Street, nor did I neglect my writing entirely. My attention, however, was + now turned to the question of investing my fortune. Just round the corner + from our office was the firm of Blake and Beverly, Stocks and Bonds. + Thither my steps began frequently to turn. Mr. Beverly had business which + brought him every week to the room of our president; and so having a sort + of acquaintance with him, I felt it easier to consult him than to seek any + other among the brokers, to which class I was a well nigh total stranger. + He very kindly consented to be my adviser. I was well pleased to find how + much I had underrated the interest-bearing capacity of my windfall. ‘Four + per cent!’ he cried, when I told him this was the extent of my + expectations. ‘Why, you’re talking like a trustee.’ And then seeing that + his meaning was beyond me, he explained in his bluff, humorous manner. + ‘All a trustee cares for you know, is his reputation for safety. It’s not + his own income he’s nursing, and so he doesn’t care how small he makes it, + provided only that his investments would be always called safe. Now there + are ways of being safe without spending any trouble or time upon it; and + those are the ways a trustee will take. For example,’ and here he arose + and unhooking a file of current quotations from the wall, placed it in my + lap as I sat beside him. ‘Now here are Government three’s selling at 108 + 3-8. They are as safe as the United States; and if I advised you to buy + them, it would cost me no thought, and my character for safety would run + no risk of a blemish. That is the sort of bond that a trustee recommends. + But see what income it gives you. Roughly speaking, about twenty-eight + thousand dollars.’” + </p> + <p> + “‘That would not do at all,’ said I, thinking of Ethel and October.” + </p> + <p> + “‘Certainly not for you,’ returned Mr. Beverly, gaily. If you were a + timorous old maid, now, who would really like all her money in her + stocking in gold pieces, only she’s ashamed to say so! But a young fellow + like you with no responsibility, no wife, and butcher’s bill—it’s + quite another thing!’” + </p> + <p> + “‘Quite,’ said I, ‘oh, quite!’” + </p> + <p> + “Richard,” interrupted Ethel, “do you have to make yourself out so + simple?” + </p> + <p> + “My dear, you forget that I said I should invent nothing, but should keep + myself to actual experiences. The part of my story that is coming now is + one where I should be very glad to draw upon my imagination.” + </p> + <p> + “Mr. Beverly now ran his finger up and down various columns. ‘Here again,’ + said he, ‘is a typical trustee bond, and nets you a few thousand dollars + more at present prices. New York Central and Hudson River 3 1-2’s. Or here + are West Shore 4’s at 113 5-8. But you see it scales down to pretty much + the same thing. The sort of bond that a trustee will call safe does not + bring the owner more than about three and one-half per cent.’” + </p> + <p> + “‘Why, there are some six per cent bonds!’ I said; and I pointed them out + to him.” + </p> + <p> + “‘Selling at 137 7-8, you see,’ said Mr. Beverly. ‘Deducting the tax, + there you are scaled down again.’ He pencilled some swift calculations. + ‘There,’ said he. And I nearly understood them. ‘Now I’m not here to stop + your buying that sort of petticoat and canary-bird wafer,’ continued Mr. + Beverly. ‘It’s the regular trustee move, and nobody could criticise you if + you made it. It’s what I call thoughtless safety, and it brings you about + 3 1-2 per cent, as I have already shown you. Anybody can do it.’ These + words of Mr. Beverly made me feel that I did not want to do what anybody + could do. ‘There is another kind of safety which I call thoughtful + safety,’ said he. ‘Thoughtful, because it requires you to investigate + properties and their earnings, and generally to use your independent + judgment after a good deal of work. And all this a trustee greatly + dislikes. It rewards you with five and even six per cent, but that is no + stimulus to a trustee.’” + </p> + <p> + “Something in me had leaped when Mr. Beverly mentioned six per cent. Again + I thought of Ethel and October, and what a difference it would be to begin + our modest housekeeping on sixty instead of forty thousand dollars a year, + outside of what I was earning. Mr. Beverly now rang a bell. ‘You happen to + have come,’ said he, ‘on a morning when I can really do something for you + out of the common. Bring me (it was a clerk he addressed) one of those + Petunia circulars. Now here you can see at a glance for yourself.’ He + began reading the prospectus rapidly aloud to me while I followed its + paragraphs with my own eye. His strong, well-polished thumb-nail ran + heavily but speedily down the columns of figures and such words as gross + receipts, increase of population, sinking fund, redeemable at 105 after + 1920, churned vigorously and meaninglessly through my brain. But I was not + going to let him know that to understand the circular I should have to + take it away quietly to my desk in Nassau Street, and spend an hour with + it alone.” + </p> + <p> + “‘What is your opinion of Petunia Water sixes?’ he inquired.” + </p> + <p> + “‘They are a lead-pipe cinch,’ I immediately answered; and he slapped me + on the knee.” + </p> + <p> + “‘That’s what I think!’ he cried. ‘Anyhow, I have taken 20,000 for mother. + Do what you like.’” + </p> + <p> + “‘Oh well,’ said I, delighted at this confidence, I think I can afford to + risk what you are willing to risk for your mother, Mrs. Beverly. Where is + Petunia, did you say?’” + </p> + <p> + “He pulled down a roller map on the wall as you draw down a window-blind, + and again I listened to statements that churned in my brain. Petunia was a + new resort on the sea coast of New Hampshire. One railway system did + already connect it with both Portsmouth and Portland, but it was not a + very direct connection at present. Yet in spite of this, the population + had increased 23 and seven-tenths per cent in five years, and now an + electric railway was in construction that would double the population in + the next five years. This was less than what had happened to other + neighbouring resorts under identical conditions; yet with things as they + now were, the company was earning two per cent on its stock, which was + being put into improvements. The stock was selling at 30, and if a + dividend was paid next year, it would go to par. But Mr. Beverly did not + counsel buying the stock. ‘I did not let mother have any,’ he said, + ‘though I took some myself. But the bonds are different. You’re getting + the last that will be sold at par. In three days they will be placed + before the public at 102 1/2 and interest.’” + </p> + <p> + “I was well pleased when I left Mr. Beverly’s office. In a few days I was + still more pleased to learn that I could sell my Petunia sixes for 104 if + so wished. But I did not wish it; and Mr. Beverly told me that he should + not sell his mother’s unless they went to 110. ‘In that case,’ said he, + ‘it might be worth while to capitalise her premium.’” + </p> + <p> + “I liked the idea of capitalising one’s premium. If you had fifty bonds + that cost you par, and sold them at 110, you would then buy at par + fifty-five bonds of some other rising kind, and go on doing this until—I + named no limit for this process; but my delighted mind saw visions of + eighty and a hundred thousand a year—comfort at least, if not + affluence in New York—and I explained to Ethel what the phrase + capitalising one’s premium meant. I showed her the Petunias, too, and we + read what it said on the coupons aloud together. Ethel was at first not + quite satisfied with the arrangement of the coupons. ‘Thirty dollars on + January first, and thirty on July first,’ she said. That seems a long + while to wait for those payments, Richard. And there are only two in every + year, though you pay them a thousand dollars all at once. It does not seem + very prompt on their part.’ I told her that this was the rule. ‘But,’ she + urged, ‘don’t you think that a man like Mr. Beverly might be able to get + them to make an exception if he explained the circumstances? Other people + may be satisfied with waiting for little crumbs in this way, but why + should we?’ I soon made her understand how it was, however, and I + explained many other facts about investments and the stock market to her, + as I learned them. It was a great pleasure to do this. We came to talk + about finance even more than we talked of my writings; for during that + Spring I invested a good deal more rapidly than I wrote. The Petunias had + taken only one-twentieth of a million dollars; and though Mr. Beverly + warned me to rush hastily into nothing, and pointed out the good sense of + distributing my eggs in a number of baskets, still we both agreed that the + sooner all my money was bringing me five or six per cent, the better.” + </p> + <p> + “I have come to think that it might be well were women taught the elements + of investing as they are now taught French and Music. I would not have the + French and Music dropped, but I would add the other. It might be more of a + protection to women than being able to read a French novel, and perhaps + some day we shall have it so. But of course it had been left totally out + of Ethel’s education; and at first she merely received my instruction and + took my opinions. It was not long, however, before she began to entertain + some of her own, obliging me not infrequently to reason with her. I very + well remember the first occasion that this happened.” + </p> + <p> + “We had been as usual talking about stocks, as we walked on the Riverside + Drive on a Sunday afternoon in May. Ethel had been for some moments + silent. ‘Richard,’ she finally began, ‘if I had had the naming of these + things, I should never have called them securities. Insecurities comes a + great deal nearer what they are. What right has a thing that says on its + face it is worth a thousand dollars to go bobbing up and down in the way + most of them do? I think that securities is almost sarcastic. And have you + noticed the price of those Petunias?’” + </p> + <p> + “I had, of course, noticed it; but I had not mentioned it to Ethel. ‘I + read the papers now,’ she explained, ‘morning and evening. Of course the + market is off a little on account of the bank statement. But that is not + enough to account for the Petunias.’” + </p> + <p> + “‘Ethel, you are nervous,’ I said. ‘And it is the papers which make you + so. The Petunias are a first lien on the whole property, of which the + assessed valuation—‘” + </p> + <p> + “‘What is the good,’ she interrupted, ‘of a first lien on something which + depends on politics for its existence, if the politicians change their + minds? Did you not see that bill they’re thinking of passing?’ I was + startled by what Ethel told me, for the article in the paper had escaped + my notice. But Mr. Beverly explained it to me in a couple of minutes. + ‘Ha!’ he jovially exclaimed, on my entering his office on Monday morning; + ‘you want to know about Petunias. They opened at 85 I see.’ He then ran + the tape from the ticker through his clean strong hands. ‘Here they are + again. Five thousand sold at 83. Now, if they go to 70, I’ll very likely + take ten thousand more for mother. It’s all Frank Smith’s bluff, you know. + He wants a jag of the water-works stock, more than they say they agreed he + should have. So he’s shaking this bill over them, which would allow the + city to build its own water-plant, and of course run the present company + out of business. Not a thing in it! All bluff. He’ll get the stock, I + suppose. What’s that?’ he broke off to a clerk who came with a message. + ‘Wants 500 preferred does he? Buyer 30? Very well, he can’t have it. Say + so from me. Now,’ he resumed to me, ‘take a cigar by the way. And don’t + buy any more Petunias until I tell you the right moment. Do you see where + your Amalgamated Electric has gone to?’” + </p> + <p> + “I had seen this. It had scored a 20-point rise since my purchase of it; + and I felt very sorry that I had not taken Mr. Beverly’s advice and bought + a thousand shares. It had been on a day when I had felt unaccountably + cautious, and I had taken only two hundred and fifty shares of Amalgamated + Electric. There are days when one is cautious and days when one is + venturesome; and they seem to have nothing to do with results.” + </p> + <p> + “‘They’re going to increase the dividend,’ said Mr. Beverly, as I smoked + his excellent cigar. ‘It’s good for twenty points higher by the end of the + week. I had just got mother a few more shares.’” + </p> + <p> + “I left Mr. Beverly’s office the possessor of two thousand shares of + Amalgamated Electric, and also entirely reassured about my Petunias. He + always made me feel happy.” + </p> + <p> + “His keen laughing brown eyes, and crisp well-brushed hair, and big + somewhat English way of chaffing (he had gone to Oxford, where he had + rowed on a winning crew) carried a sense of buoyant prosperity that went + with his wiry figure and good smart London clothes. His face was almost as + tawny as an Indian’s with the outdoor life that he took care to lead. I + was always flattered when he could spare any time to clap me on the + shoulder and crack a joke.” + </p> + <p> + “Amalgamated Electric had risen five more points before the board closed + that afternoon. This was the first news that I told Ethel.” + </p> + <p> + “‘Richard,’ said she, ‘I wish you would sell that stock to-morrow.’” + </p> + <p> + “But this I saw no reason for; and on Tuesday it had gained seven points + further. Ethel still more strongly urged me to sell it. I must freely + admit that.” And the narrator paused reflectively. + </p> + <p> + “Thank you, Richard,” said Ethel from the sofa. “And I admit that I could + give you no reason for my request, except that it all seemed so sudden. + And—yes—there was one other thing. But that was even more + silly.” + </p> + <p> + “I believe I know what you mean,” replied Richard, “and I shall come to it + presently. If any one was silly, it was not you.” + </p> + <p> + “I did not sell Amalgamated Electric on Wednesday, and on Thursday a doubt + about the increased dividend began to be circulated. The stock, + nevertheless, after a forenoon of weakness, rallied. Moreover a check for + my first dividend came from the Pollyopolis Heat, Light, Power, Paving, + Pressing, and Packing Company.” + </p> + <p> + “‘What a number of things it does!’ exclaimed Ethel, when I showed her the + company’s check.” + </p> + <p> + “‘Yes,’ I replied, and quoted Browning to her: ‘’Twenty-nine Distinct + damnations. One sure if the other fails.’ Beverly’s mother has a lot of + it.’” + </p> + <p> + “But Ethel did not smile. ‘Richard,’ she said, ‘I do wish you had more + investments with ordinary simple names, like New York and New Haven, or + Chicago and Northwestern.’ And when I told her that I thought this was + really unreasonable, she was firm. ‘Yes,’ she replied, ‘I don’t like the + names—not most of them, at least. Dutchess and Columbia Traction + sounds pretty well; and besides that, of course one knows how successful + these electric railways are. But take the Standard Egg Trust, and the + Patent Pasteurised Infant Rubber Feeder Company.’” + </p> + <p> + “‘Why, Ethel!’ I exclaimed, ‘those are both based upon great inventions, + Mr. Beverly—‘” + </p> + <p> + “But she interrupted me earnestly ‘I know about those inventions, Richard, + for I have procured the prospectuses. And I wish that I could have told + you my own feeling about them before you bought any of the stock.’” + </p> + <p> + “‘I do not think you can fully have taken it in, Ethel.’” + </p> + <p> + “‘I trust that it may not have fully taken you in,’ she replied. ‘Have you + noticed what those stocks are selling for at present?’” + </p> + <p> + “Of course I had noticed this. I had paid 63 for Standard Egg, and it was + now 48, while 11 was the price of Patent Pasteurized Feeder, for which I + had paid 20. But this, Mr. Beverly assured me, was a normal and even + healthy course for a new stock. ‘Had they gone up too soon and too high,’ + he explained, ‘I should have suspected some crooked manipulation and + advised selling at once. But this indicates a healthy absorption + preliminary to a natural rise. I should not dream of letting mother part + with hers.’” + </p> + <p> + “The basis of Standard Egg was not only a monopoly of all the hens in the + United States, but a machine called a Separator, for telling the age and + state of an egg by means of immersion in water. Perfectly good eggs sank + fast and passed out through one distributor; fairly nice eggs did not + reach the bottom, and were drawn off through another sluice, and so on. + This saved the wages of the egg twirlers, whose method of candling eggs, + as it was called, was far less rapid than the Separator. And when I + learned that one house in St. Louis alone twirled 50,000 eggs in a day, + the possible profits of the Egg Trust became clear to me. But they were + not so clear to Ethel. She said that you could not monopolise hens. That + they would always be laying eggs and putting it in the power of + competitors to hatch them by incubators. Nor did she have confidence in + the Pasteurised Feeder. ‘Even if you get the parents to adopt it,’ she + said, ‘you cannot get the children. If they do not like the taste of the + milk as it comes out of the bottle through the Feeder, they will simply + not take it.’” + </p> + <p> + “‘Well,’ I answered, ‘old Mrs. Beverly is holding on to hers.’” + </p> + <p> + “When I said this, Ethel sat with her mouth tight. Then she opened it and + said: ‘I hate that woman.’” + </p> + <p> + “‘Hate her? Why, you have never so much as laid eyes on her.’” + </p> + <p> + “‘That is not at all necessary. I consider it indecent for a grey haired + woman with grandchildren to be speculating in the stock market every week + like a regular bull or bear.’” + </p> + <p> + “Every point in this outburst of Ethel’s seemed to me so unwarrantable + that I was quite dazed. I sat looking at her, and her eyes filled with + tears. ‘Oh Richard!’ she exclaimed, ‘she will ruin you, and I hate her!’” + </p> + <p> + “‘My dear Ethel,’ I replied, ‘she will not. And only see how you are + making it all up out of your head. You have never seen her, but you speak + of her as a grey-haired grandmother.’” + </p> + <p> + “‘She must be, Richard. You have told me that Mr. Beverly is a married man + and about forty-five. No doubt he has older sisters and brothers. But if + he has not, his mother can hardly be less than sixty-five, and he has + probably been married for several years. He might easily have a daughter + coming out, next winter, and a son at Harvard or Yale; and if their + grandmother’s hair is not grey, that is quite as unnatural as her + speculating in monopolised eggs in this way at her age. She must be a very + unladylike person.’” + </p> + <p> + “Ethel, I saw, was excited. Therefore I made no more point of her theories + concerning the appearance and family circle of old Mrs. Beverly. But in + justice to myself I felt obliged to remind her, first, that I was + investing, not speculating, and second, that it was Mr. Beverly’s advice I + was following, and not that of his mother. ‘Had he not spoken of her,’ I + said, ‘I should have remained unaware of her existence.’” + </p> + <p> + “‘She is at the bottom of it all the same,’ said Ethel. ‘Everything you + have bought has been because she bought it.’” + </p> + <p> + “‘That is not quite the right way to put it,’ I replied. ‘I was willing to + buy these securities because Mr. Beverly thought so highly of them that he + felt justified in—‘” + </p> + <p> + “‘There is no use,’ interrupted Ethel, ‘in our going round this circle as + if we were a pair of squirrels. I do not ask you to hate that woman for my + sake, but I cannot change my own feeling. Do you remember, Richard, about + the City of Philippi Sewer Bonds? You did not want to buy them at first. + You told me yourself that you thought new towns in Texas were apt to buzz + suddenly and then die because all the people hurried away to some newer + town and left the houses and stores standing empty. But Mr. Beverly’s + mother got some, and all your hesitation fled. And now I see that the + Gulf, Galveston, and Little Rock is going to build a branch that may make + Philippi a perfectly evaporated town. If you sold these bonds to-day, how + much would you lose?’” + </p> + <p> + “I did not enjoy telling Ethel how much, but I had to. ‘Only fifteen + thousand dollars,’ I said.” + </p> + <p> + “‘Only!’ said Ethel. ‘Well, I hope his mother will lose a great deal more + than that.’” + </p> + <p> + “It is seldom that Ethel taps her foot, but she had begun to tap it now; + and this inclined me to avoid any attempt at a soothing reply, in the hope + that silence might prove still more soothing, and that thus we might get + away from old Mrs. Beverly.” + </p> + <p> + “‘She cannot possibly be less than sixty-five,’ Ethel presently announced. + ‘And she is far more likely to be seventy.’” + </p> + <p> + “I thought it best to agree to any age that Ethel chose to give the old + lady.” + </p> + <p> + “‘Do you suppose,’ Ethel continued, ‘that she does it by telephone?’” + </p> + <p> + “‘My dearest,’ I responded, ‘he must do it all for her, of course, you + know.’” + </p> + <p> + “‘I doubt that very much, Richard. And she strikes me as being the sort of + character for whom a mere telephone would not be enough excitement. The + nerves of those people require more and more stimulants to give them any + sensation at all. I believe that she sits in his private office and + watches the ticker.’” + </p> + <p> + “‘Why not give her a ticker in her bedroom while you are about it, Ethel?’ + I suggested.” + </p> + <p> + “But Ethel could not smile. ‘I think that is perfectly probable,’ she + answered. And then, ‘Oh, Richard, isn’t it mean!’ At this I took her hand, + and she—but again I abstain from dwelling upon those circumstances + of the engaged which are familiar to you all.” + </p> + <p> + “The change of May into June, and the change of June into July, did not + mellow Ethel’s bitter feelings. I remember the day after Petunias + defaulted on their interest that she exclaimed, ‘I hope I shall never meet + her!’ We always called Mr. Beverly’s mother ‘she’ now. ‘For if I were to + meet her,’ continued Ethel, ‘I feel I should say something that I should + regret. Oh, Richard, I suppose we shall have to give up that house on Park + Avenue!’” + </p> + <p> + “I put a cheerful and even insular face on the matter, for I could not + bear to see Ethel so depressed. But it was hard work for me. Some few of + my investments were evidently good; but it always seemed as if it was into + these that I had happened to put not much money, while the bulk of my + fortune was entangled in the others. Besides the usual Midsummer faintness + that overtakes the stock market, my own specialties were a good deal more + than faint. On the 20th of August I took the afternoon train to spend my + two weeks’ holiday at Lenox; and during much of the journey I gazed at the + Wall Street edition of the afternoon paper that I had purchased as I came + through the Grand Central Station. Ethel and I read it in the evening.” + </p> + <p> + “‘I wonder what she’s buying now?’ said Ethel, vindictively.” + </p> + <p> + “‘Well, I can’t help feeling sorry for her,’ I answered, with as much of a + smile as I could produce.” + </p> + <p> + “‘That is so unnecessary, Richard! She can easily afford to gratify her + gambling instinct.’” + </p> + <p> + “‘There you go, Ethel, inventing millions for her just as you invented + grandchildren.’” + </p> + <p> + “‘Not at all. Unless she constantly had money lying idle, she could not + take these continual plunges. She is an old woman with few expenses, and + she lives well within her income. You would hear of her entertaining if it + was otherwise. So instead of conservatively investing her surplus, she + makes ducks and drakes of it in her son’s office. Is he at Hyde Park now?’ + Hyde Park was where the old Beverly country seat had always been.” + </p> + <p> + “‘No,’ I answered. ‘He went to Europe early last month.’” + </p> + <p> + “‘Very likely he took her with him. She is probably at Monte Carlo.’” + </p> + <p> + “‘Scarcely in August, I fancy. And I’ll tell you what, Ethel. I have been + counting it up. She has lost twenty-four thousand dollars in the Standard + Egg alone. It takes a good deal of surplus to stand that.’” + </p> + <p> + “‘Serve her right,’ said Ethel ‘And I would say so to her face.’” + </p> + <p> + “September brought freshness to the stock market but not to me. Mr. + Beverly, like the well-to-do man that he was, remained away in Europe + until October should require his presence as a guiding hand in the office. + Thus was I left without his buoyant consolation in the face of my + investments.” + </p> + <p> + “Petunias were being adjusted on a four per cent basis; Dutchess and + Columbia Traction was holding its own; I could not complain of Amalgamated + Electric, though it was now lower than when I had bought it, while had I + sold it on that Wednesday in May when Ethel begged me, before the + increased dividend turned out a mistake, I should have made money. But + Philippi Sewers were threatened; Pasteurised Feeders had been numb since + June; Pollyopolis Heat, Light, Power, Paving, Pressing, and Packing was + going to pass its quarterly dividend; and Standard Egg had gone down from + 63 to 7 1/8. My million dollars on paper now was worth in reality less + than a quarter of that sum, and although we could still make both ends + meet fairly well in some place where you wouldn’t want to live, like + Philadelphia, in New York we should drop into a pinched and dwarfed + obscurity.” + </p> + <p> + “I must say now, and I shall never forget, that Ethel during these gloomy + weeks behaved much better than I did. The grayer the outlook became, the + more words of hope and sense she seemed to find She reminded me that, + after all my Uncle Godfrey’s legacy had been a thing unlooked for, + something out of my scheme of life that I had my youth, my salary and my + writing; and that she would wait till she was as old at Mr. Beverly’s + mother.” + </p> + <p> + “It was the thought of that lady which brought from Ethel the only note of + complaint she uttered in my presence during that whole dreary month.” + </p> + <p> + “We were spending Sunday with a house party at Hyde Park; and driving to + church, we passed an avenue gate with a lodge. ‘Rockhurst, sir,’ said the + coachman. ‘Whose place?’ I inquired. ‘The old Beverly place, sir.’ Ethel + heard him tell me this; and as we went on, we saw a carriage and pair + coming down the avenue toward the gate with that look which horses always + seem to have when they are taking the family to church on Sunday morning.” + </p> + <p> + “‘If I see her,’ said Ethel to me as we entered the door, ‘I shall be + unable to say my prayers.’” + </p> + <p> + “But only young people came into the Beverly pew, and Ethel said her + prayers and also sang the hymn and chants very sweetly.” + </p> + <p> + “After the service, we strolled together in the old and lovely grave yard + before starting homeward. We had told them that we should prefer to walk + back. The day was beautiful, and one could see a little blue piece of the + river, sparkling.” + </p> + <p> + “‘Here is where they are all buried,’ said Ethel, and we paused before + brown old headstones with Beverly upon them. ‘Died 1750; died 1767,’ + continued Ethel, reading the names and inscriptions. ‘I think one doesn’t + mind the idea of lying in such a place as this.’” + </p> + <p> + “Some of the young people in the pew now came along the path. ‘The + grandchildren,’ said Ethel. ‘She is probably too old to come to church. Or + she is in Europe.’” + </p> + <p> + “The young people had brought a basket with flowers from their place, and + now laid them over several of the grassy mounds. ‘Give me some of yours,’ + said one to the other, presently; ‘I’ve not enough for grandmother’s.’” + </p> + <p> + “Ethel took me rather sharply by the arm. ‘Did you hear that?’ she asked.” + </p> + <p> + “‘It can’t be she, you know,’ said I. ‘He would have come back from + Europe.’” + </p> + <p> + “But we found it out at lunch. It was she, and she had been dead for + fifteen years.” + </p> + <p> + “Ethel and I talked it over in the train going up to town on Monday + morning. We had by that time grown calmer. ‘If it is not false pretences,’ + said she, ‘and you cannot sue him for damages, and if it is not stealing + or something, and you cannot put him in prison, what are you going to do + to him, Richard?’” + </p> + <p> + “As this was a question which I had frequently asked myself during the + night, having found no satisfactory answer to it, I said: ‘What would you + do in my place, Ethel?’ But Ethel knew.” + </p> + <p> + “‘I should find out when he sails, and meet his steamer with a cowhide.’” + </p> + <p> + “‘Then he would sue me for damages.’” + </p> + <p> + “‘That would be nothing, if you got a few good cuts in on him.’” + </p> + <p> + “‘Ethel,’ I said, ‘please follow me carefully. I should like dearly to + cowhide him. and for the sake of argument we will consider it done Then + comes the lawsuit. Then I get up and say that I beat him because he made + me buy Standard Egg at 63 by telling me that his mother had some, when + really the old lady had been dead for fifteen years. When I think of it in + this way, I do not feel—‘” + </p> + <p> + “I know,’ interrupted Ethel, ‘you are afraid of ridicule. All men are.’” + </p> + <p> + “Had Ethel insisted, I believe that I should have cowhided Mr. Beverly for + her sake. But before his return our destinies were brightened. Copper had + been found near Ethel’s waste lands in Michigan, and the family business + man was able to sell the property for seven hundred thousand dollars. He + did this so promptly that I ventured to ask him if delay might not have + brought a greater price. ‘Well’, he said, ‘I don’t know. You must seize + these things. Blake and Beverly might have got tired waiting.” + </p> + <p> + “‘Blake and Beverly!’ I exclaimed ‘So they made the purchase. It Mr. + Beverly back?’” + </p> + <p> + “‘Just back. To tell the truth I don’t believe they’re finding so much + copper as they hoped.’” + </p> + <p> + “This turned out to be true. And I am not sure that the business man had + not known it all the while. ‘We looked over the property pretty thoroughly + at the time of the Tamarack excitement,’ he said. And in a few days more, + in fact, it was generally known that this land had returned to its old + state of not quite paying the taxes.” + </p> + <p> + “Then I paid my visit to Mr. Beverly, but with no cowhide. ‘Mr. Beverly,’ + said I, ‘I want to announce to you my engagement to Miss Ethel Lansing, + whose Michigan copper land you have lately acquired. I hope that you + bought some for your mother.’” + </p> + <p> + “Those,” concluded Mr. Richard Field, “are the circumstances attending my + engagement which I felt might interest you. And now, Ethel, tell your + story, if they’ll listen.” + </p> + <p> + “Richard,” said Ethel, “that is the story I was going to tell.” + </p> + <p> + <br /><br /><br /><br /> + </p> + <div>*** END OF THE PROJECT GUTENBERG EBOOK 1387 ***</div> +</body> +</html> |