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+The Project Gutenberg EBook of Mother, by Owen Wister
+
+This eBook is for the use of anyone anywhere at no cost and with
+almost no restrictions whatsoever. You may copy it, give it away or
+re-use it under the terms of the Project Gutenberg License included
+with this eBook or online at www.gutenberg.org
+
+
+Title: Mother
+
+Author: Owen Wister
+
+Posting Date: August 26, 2008 [EBook #1387]
+Release Date: July, 1998
+Last Updated: October 8, 2016
+
+Language: English
+
+Character set encoding: UTF-8
+
+*** START OF THIS PROJECT GUTENBERG EBOOK MOTHER ***
+
+
+
+
+Produced by Bill Brewer
+
+
+
+
+
+MOTHER
+
+By Owen Wister
+
+
+
+
+ To My Favourite Broker With The Earnest Assurance
+ That Mr. Beverly Is Not Meant For Him
+
+
+
+
+NOTE
+
+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.
+
+June 7, 1907, OWEN WISTER
+
+
+
+
+MOTHER
+
+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.
+
+“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?”
+
+“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.”
+
+“Oh, yes you will!” we all exclaimed together; and the men looked eager
+while the women sighed.
+
+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.
+
+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.
+
+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.
+
+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.
+
+“Do at least have some omelet, my dear,” whispered Mrs. Davenport
+urgently. “It’s quite light.”
+
+But Mrs. Field could summon no appetite.
+
+“I see you are anxious about him,” Mrs. Davenport continued after
+breakfast. “You are surely not afraid his story will fail to interest
+us?”
+
+“No, it is not that.”
+
+“It can’t be that he has given up the one he expected to tell us and can
+think of no other?”
+
+“Oh, no; he is going to tell that one.”
+
+“And you don’t like his choice?”
+
+“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.”
+
+“So does Richard. Except when I particularly ask him.”
+
+“There it is, Ethel. You let him see that you want to know.”
+
+“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.”
+
+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.”
+
+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.
+
+“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.”
+
+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.”
+
+“But he hasn’t. Richard hasn’t told me anything.”
+
+“Ethel! Then what is the matter?”
+
+“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.”
+
+“Ethel! You darling!”
+
+“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.”
+
+“But, my dear, what did he do when you--”
+
+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.
+
+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.
+
+“Shall we have,” he whispered to Mr. Hillard, “a Beckmesser fiasco
+to-night, or will it be a Walter success?”
+
+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.”
+
+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.
+
+“Why, Mr. Field,” said Mrs. Davenport, “you look as if you could find
+nothing to suggest your story to you.”
+
+“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.”
+
+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.”
+
+Ethel, after a hopeless glance at this, resumed her seat near the sofa
+by Mrs. Davenport.
+
+“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.”
+
+“Mother!” This was Ethel’s bewildered echo, “Whose Mother?” she softly
+murmured to herself.
+
+Richard continued. “It concerns the circumstances under which I became
+engaged to my wife.”
+
+There was a movement from Ethel as she sat by the sofa.
+
+“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--”
+
+There was another movement from Ethel by the sofa.
+
+“--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.
+
+“Ethel has always maintained that if I had really understood her, it
+never would have happened. She says--”
+
+“Richard, I”--
+
+“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.”
+
+“I didn’t care! I’d have”--but Mr. Field checked her outburst.
+
+“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.”
+
+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.
+
+“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.”
+
+“The door-bell!” exclaimed Ethel. “I could have gone without hearing
+that.”
+
+“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.”
+
+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.
+
+“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.”
+
+“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.”
+
+“Those two years we could have been in Michigan,” said Ethel, “had you
+understood.”
+
+“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.”
+
+“I”--began Ethel. But she stopped.
+
+“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.”
+
+“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.”
+
+“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.”
+
+At this point in Richard’s narrative, a sigh escaped from Ethel.
+
+“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.”
+
+“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.”
+
+“Mr. Field,” said Mrs. Davenport, “what hour did that train arrive at
+Jersey City?”
+
+Richard looked surprised. “Why, seven-fifteen P. M.,” he replied. “The
+tenth of March.”
+
+“Dark!” Mrs. Davenport exclaimed. “Mr. Field, you and Ethel were engaged
+before the ferry boat landed at Desbrosses Street.”
+
+Richard and Ethel both sat straight up, but remained speechless.
+
+“Pardon my interruption,” said Mrs. Davenport, smiling. “I didn’t want
+to miss a single point in this story--do go on!”
+
+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.
+
+“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.”
+
+“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.’”
+
+“‘That would not do at all,’ said I, thinking of Ethel and October.”
+
+“‘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!’”
+
+“‘Quite,’ said I, ‘oh, quite!’”
+
+“Richard,” interrupted Ethel, “do you have to make yourself out so
+simple?”
+
+“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.”
+
+“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.’”
+
+“‘Why, there are some six per cent bonds!’ I said; and I pointed them
+out to him.”
+
+“‘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.’”
+
+“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.”
+
+“‘What is your opinion of Petunia Water sixes?’ he inquired.”
+
+“‘They are a lead-pipe cinch,’ I immediately answered; and he slapped me
+on the knee.”
+
+“‘That’s what I think!’ he cried. ‘Anyhow, I have taken 20,000 for
+mother. Do what you like.’”
+
+“‘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?’”
+
+“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.’”
+
+“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.’”
+
+“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.”
+
+“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.”
+
+“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?’”
+
+“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.’”
+
+“‘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--’”
+
+“‘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?’”
+
+“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.”
+
+“‘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.’”
+
+“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.”
+
+“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.”
+
+“Amalgamated Electric had risen five more points before the board closed
+that afternoon. This was the first news that I told Ethel.”
+
+“‘Richard,’ said she, ‘I wish you would sell that stock to-morrow.’”
+
+“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.
+
+“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.”
+
+“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.”
+
+“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.”
+
+“‘What a number of things it does!’ exclaimed Ethel, when I showed her
+the company’s check.”
+
+“‘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.’”
+
+“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.’”
+
+“‘Why, Ethel!’ I exclaimed, ‘those are both based upon great inventions,
+Mr. Beverly--’”
+
+“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.’”
+
+“‘I do not think you can fully have taken it in, Ethel.’”
+
+“‘I trust that it may not have fully taken you in,’ she replied. ‘Have
+you noticed what those stocks are selling for at present?’”
+
+“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.’”
+
+“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.’”
+
+“‘Well,’ I answered, ‘old Mrs. Beverly is holding on to hers.’”
+
+“When I said this, Ethel sat with her mouth tight. Then she opened it
+and said: ‘I hate that woman.’”
+
+“‘Hate her? Why, you have never so much as laid eyes on her.’”
+
+“‘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.’”
+
+“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!’”
+
+“‘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.’”
+
+“‘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.’”
+
+“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.’”
+
+“‘She is at the bottom of it all the same,’ said Ethel. ‘Everything you
+have bought has been because she bought it.’”
+
+“‘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--’”
+
+“‘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?’”
+
+“I did not enjoy telling Ethel how much, but I had to. ‘Only fifteen
+thousand dollars,’ I said.”
+
+“‘Only!’ said Ethel. ‘Well, I hope his mother will lose a great deal
+more than that.’”
+
+“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.”
+
+“‘She cannot possibly be less than sixty-five,’ Ethel presently
+announced. ‘And she is far more likely to be seventy.’”
+
+“I thought it best to agree to any age that Ethel chose to give the old
+lady.”
+
+“‘Do you suppose,’ Ethel continued, ‘that she does it by telephone?’”
+
+“‘My dearest,’ I responded, ‘he must do it all for her, of course, you
+know.’”
+
+“‘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.’”
+
+“‘Why not give her a ticker in her bedroom while you are about it,
+Ethel?’ I suggested.”
+
+“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.”
+
+“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!’”
+
+“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.”
+
+“‘I wonder what she’s buying now?’ said Ethel, vindictively.”
+
+“‘Well, I can’t help feeling sorry for her,’ I answered, with as much of
+a smile as I could produce.”
+
+“‘That is so unnecessary, Richard! She can easily afford to gratify her
+gambling instinct.’”
+
+“‘There you go, Ethel, inventing millions for her just as you invented
+grandchildren.’”
+
+“‘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.”
+
+“‘No,’ I answered. ‘He went to Europe early last month.’”
+
+“‘Very likely he took her with him. She is probably at Monte Carlo.’”
+
+“‘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.’”
+
+“‘Serve her right,’ said Ethel ‘And I would say so to her face.’”
+
+“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.”
+
+“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.”
+
+“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.”
+
+“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.”
+
+“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.”
+
+“‘If I see her,’ said Ethel to me as we entered the door, ‘I shall be
+unable to say my prayers.’”
+
+“But only young people came into the Beverly pew, and Ethel said her
+prayers and also sang the hymn and chants very sweetly.”
+
+“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.”
+
+“‘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.’”
+
+“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.’”
+
+“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.’”
+
+“Ethel took me rather sharply by the arm. ‘Did you hear that?’ she
+asked.”
+
+“‘It can’t be she, you know,’ said I. ‘He would have come back from
+Europe.’”
+
+“But we found it out at lunch. It was she, and she had been dead for
+fifteen years.”
+
+“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?’”
+
+“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.”
+
+“‘I should find out when he sails, and meet his steamer with a
+cowhide.’”
+
+“‘Then he would sue me for damages.’”
+
+“‘That would be nothing, if you got a few good cuts in on him.’”
+
+“‘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--’”
+
+“I know,’ interrupted Ethel, ‘you are afraid of ridicule. All men are.’”
+
+“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.”
+
+“‘Blake and Beverly!’ I exclaimed ‘So they made the purchase. It Mr.
+Beverly back?’”
+
+“‘Just back. To tell the truth I don’t believe they’re finding so much
+copper as they hoped.’”
+
+“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.”
+
+“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.’”
+
+“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.”
+
+“Richard,” said Ethel, “that is the story I was going to tell.”
+
+
+
+
+
+End of the Project Gutenberg EBook of Mother, by Owen Wister
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+ "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; }
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+ .foot { margin-left: 20%; margin-right: 20%; text-align: justify; text-indent: -3em; font-size: 90%; }
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+ .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; }
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+ .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%;}
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+ </head>
+ <body>
+<pre xml:space="preserve">
+
+The Project Gutenberg EBook of Mother, by Owen Wister
+
+This eBook is for the use of anyone anywhere at no cost and with
+almost no restrictions whatsoever. You may copy it, give it away or
+re-use it under the terms of the Project Gutenberg License included
+with this eBook or online at www.gutenberg.org
+
+
+Title: Mother
+
+Author: Owen Wister
+
+Release Date: August 26, 2008 [EBook #1387]
+Last Updated: October 8, 2016
+
+Language: English
+
+Character set encoding: UTF-8
+
+*** START OF THIS PROJECT GUTENBERG EBOOK MOTHER ***
+
+
+
+
+Produced by Bill Brewer, and David Widger
+
+
+
+
+
+</pre>
+ <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&mdash;he was very handsome and very
+ young&mdash;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>
+ &ldquo;Richard,&rdquo; she said, &ldquo;do you think that it is right of you to tell any
+ one, even friends, anything that you have never yet confessed to me?&rdquo;
+ </p>
+ <p>
+ &ldquo;Ethel,&rdquo; replied Richard, &ldquo;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,&rdquo; he added, &ldquo;I hope that I shall
+ not have to tell any story at all.&rdquo;
+ </p>
+ <p>
+ &ldquo;Oh, yes you will!&rdquo; 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&rsquo;
+ 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 &ldquo;week-end&rdquo; 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&rsquo;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>
+ &ldquo;Do at least have some omelet, my dear,&rdquo; whispered Mrs. Davenport
+ urgently. &ldquo;It&rsquo;s quite light.&rdquo;
+ </p>
+ <p>
+ But Mrs. Field could summon no appetite.
+ </p>
+ <p>
+ &ldquo;I see you are anxious about him,&rdquo; Mrs. Davenport continued after
+ breakfast. &ldquo;You are surely not afraid his story will fail to interest us?&rdquo;
+ </p>
+ <p>
+ &ldquo;No, it is not that.&rdquo;
+ </p>
+ <p>
+ &ldquo;It can&rsquo;t be that he has given up the one he expected to tell us and can
+ think of no other?&rdquo;
+ </p>
+ <p>
+ &ldquo;Oh, no; he is going to tell that one.&rdquo;
+ </p>
+ <p>
+ &ldquo;And you don&rsquo;t like his choice?&rdquo;
+ </p>
+ <p>
+ &ldquo;He won&rsquo;t tell me what it is!&rdquo; Mrs. Davenport put down her embroidery.
+ &ldquo;Then, Ethel,&rdquo; she laid with severity, &ldquo;the fault is yours. When I had
+ been five years married, Mr. Davenport confided everything to me.&rdquo;
+ </p>
+ <p>
+ &ldquo;So does Richard. Except when I particularly ask him.&rdquo;
+ </p>
+ <p>
+ &ldquo;There it is, Ethel. You let him see that you want to know.&rdquo;
+ </p>
+ <p>
+ &ldquo;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&rsquo;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&rsquo;s going to be something I would rather not hear.
+ But I mean to hear it.&rdquo;
+ </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. &ldquo;She does not manage him in the least,&rdquo; Mrs.
+ Davenport declared to the other ladies, as Ethel and Richard started for
+ an afternoon drive together. &ldquo;She will not know anything more when she
+ brings him back.&rdquo;
+ </p>
+ <p>
+ But in this Mrs. Davenport did wrong to Ethel&rsquo;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>
+ &ldquo;He has told her,&rdquo; thought Mrs. Davenport at the first sight of them, as
+ they entered the drawing-room for an afternoon tea. &ldquo;She does understand
+ some things.&rdquo;
+ </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. &ldquo;My
+ dear, I congratulate you. I saw it at once.&rdquo;
+ </p>
+ <p>
+ &ldquo;But he hasn&rsquo;t. Richard hasn&rsquo;t told me anything.&rdquo;
+ </p>
+ <p>
+ &ldquo;Ethel! Then what is the matter?&rdquo;
+ </p>
+ <p>
+ &ldquo;I told him something. I told him that if it was going to be any story
+ about&mdash;about something I shouldn&rsquo;t like, I should simply follow it
+ with a story about him that he wouldn&rsquo;t like.&rdquo;
+ </p>
+ <p>
+ &ldquo;Ethel! You darling!&rdquo;
+ </p>
+ <p>
+ &ldquo;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&rsquo;s awfully like
+ Richard, only a different side of him from the burglar one.&rdquo;
+ </p>
+ <p>
+ &ldquo;But, my dear, what did he do when you&mdash;&rdquo;
+ </p>
+ <p>
+ This enquiry was, however, cut short by the entrance of the men. And from
+ the glance that came from Richard&rsquo;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 &ldquo;The
+ Singstool&rdquo; by Mr. Graves. Mr. Graves was an ardent Wagnerian, and
+ especially devoted to The Mastersingers of Nuremberg.
+ </p>
+ <p>
+ &ldquo;Shall we have,&rdquo; he whispered to Mr. Hillard, &ldquo;a Beckmesser fiasco
+ to-night, or will it be a Walter success?&rdquo;
+ </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&rsquo;s allusion to Wagner&rsquo;s opera. &ldquo;I remember,&rdquo; he said, &ldquo;the
+ singing contest between Beckmesser and Walter, and I doubt if we are to be
+ afflicted with anything so dull in this house.&rdquo;
+ </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>
+ &ldquo;Why, Mr. Field,&rdquo; said Mrs. Davenport, &ldquo;you look as if you could find
+ nothing to suggest your story to you.&rdquo;
+ </p>
+ <p>
+ &ldquo;On the contrary,&rdquo; said Richard, &ldquo;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.&rdquo; He pointed to the largest picture on the wall. &ldquo;&lsquo;Breaking Home
+ Ties&rsquo; 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&rsquo;s Fair.&rdquo;
+ </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. &ldquo;It
+ is the financial column, Ethel, that recalls my story.&rdquo;
+ </p>
+ <p>
+ Ethel, after a hopeless glance at this, resumed her seat near the sofa by
+ Mrs. Davenport.
+ </p>
+ <p>
+ &ldquo;There were many paintings,&rdquo; continued Richard, &ldquo;in that Art Building, of
+ merit incomparably greater than &lsquo;Breaking Home Ties&rsquo;; 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&rsquo;s pictures, for instance, at a
+ speed limited only by your own powers of running; but you could never run
+ past &lsquo;Breaking Home Ties.&rsquo; 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 &lsquo;mother&rsquo;. Song
+ writers know this; and the artist knew it when he decided to paint
+ &lsquo;Breaking Home Ties.&rsquo; And &lsquo;Mother&rsquo; is the title of my story to-night.&rdquo;
+ </p>
+ <p>
+ &ldquo;Mother!&rdquo; This was Ethel&rsquo;s bewildered echo, &ldquo;Whose Mother?&rdquo; she softly
+ murmured to herself.
+ </p>
+ <p>
+ Richard continued. &ldquo;It concerns the circumstances under which I became
+ engaged to my wife.&rdquo;
+ </p>
+ <p>
+ There was a movement from Ethel as she sat by the sofa.
+ </p>
+ <p>
+ &ldquo;Not all the circumstances, of course,&rdquo; the narrator continued, with a
+ certain guarded candour in his tone. &ldquo;There are certain circumstances
+ which naturally attend every engagement between happy and&mdash;and
+ devoted&mdash;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&mdash;&rdquo;
+ </p>
+ <p>
+ There was another movement from Ethel by the sofa.
+ </p>
+ <p>
+ &ldquo;&mdash;or even only once, as is my case,&rdquo; the narrator went on, &ldquo;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 &lsquo;mother&rsquo; prevails. Yes, &lsquo;Mother&rsquo; is
+ the right title for my story, as you shall see. Is it not strange that if
+ you add &lsquo;in-law&rsquo; to the word &lsquo;mother,&rsquo; how immediately the sentiment of
+ the term is altered?&mdash;as strongly indeed as when you prefix the word
+ &lsquo;step&rsquo; to it. But it is with neither of these composite forms of mother
+ that any story deals.
+ </p>
+ <p>
+ &ldquo;Ethel has always maintained that if I had really understood her, it never
+ would have happened. She says&mdash;&rdquo;
+ </p>
+ <p>
+ &ldquo;Richard, I&rdquo;&mdash;
+ </p>
+ <p>
+ &ldquo;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.&rdquo;
+ </p>
+ <p>
+ &ldquo;I didn&rsquo;t care! I&rsquo;d have&rdquo;&mdash;but Mr. Field checked her outburst.
+ </p>
+ <p>
+ &ldquo;She was going to say,&rdquo; said Mr. Field, &ldquo;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.&rdquo;
+ </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>
+ &ldquo;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&mdash;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.&rdquo;
+ </p>
+ <p>
+ &ldquo;The door-bell!&rdquo; exclaimed Ethel. &ldquo;I could have gone without hearing
+ that.&rdquo;
+ </p>
+ <p>
+ &ldquo;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.&rdquo;
+ </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&rsquo;s proposition.
+ </p>
+ <p>
+ &ldquo;In those days,&rdquo; said he, &ldquo;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&rsquo;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&rsquo;s window that I should like to smash the clock.&rdquo;
+ </p>
+ <p>
+ &ldquo;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&mdash;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&rsquo;s carriage?
+ For two years I was wretchedly unhappy beneath the many hours of gaiety
+ that came to me, as to every young man.&rdquo;
+ </p>
+ <p>
+ &ldquo;Those two years we could have been in Michigan,&rdquo; said Ethel, &ldquo;had you
+ understood.&rdquo;
+ </p>
+ <p>
+ &ldquo;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.&rdquo;
+ </p>
+ <p>
+ &ldquo;I&rdquo;&mdash;began Ethel. But she stopped.
+ </p>
+ <p>
+ &ldquo;Yes, I know now that you kept the verses,&rdquo; said Richard. &ldquo;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.&rdquo;
+ </p>
+ <p>
+ &ldquo;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&mdash;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&mdash;were he generous&mdash;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&mdash;but these
+ are circumstances which universal knowledge renders it needless to
+ mention, and I will pass to the second perturbation.&rdquo;
+ </p>
+ <p>
+ &ldquo;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&rsquo;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.&rdquo;
+ </p>
+ <p>
+ At this point in Richard&rsquo;s narrative, a sigh escaped from Ethel.
+ </p>
+ <p>
+ &ldquo;I know,&rdquo; he immediately said, &ldquo;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.&rdquo;
+ </p>
+ <p>
+ &ldquo;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.&rdquo;
+ </p>
+ <p>
+ &ldquo;Mr. Field,&rdquo; said Mrs. Davenport, &ldquo;what hour did that train arrive at
+ Jersey City?&rdquo;
+ </p>
+ <p>
+ Richard looked surprised. &ldquo;Why, seven-fifteen P. M.,&rdquo; he replied. &ldquo;The
+ tenth of March.&rdquo;
+ </p>
+ <p>
+ &ldquo;Dark!&rdquo; Mrs. Davenport exclaimed. &ldquo;Mr. Field, you and Ethel were engaged
+ before the ferry boat landed at Desbrosses Street.&rdquo;
+ </p>
+ <p>
+ Richard and Ethel both sat straight up, but remained speechless.
+ </p>
+ <p>
+ &ldquo;Pardon my interruption,&rdquo; said Mrs. Davenport, smiling. &ldquo;I didn&rsquo;t want to
+ miss a single point in this story&mdash;do go on!&rdquo;
+ </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>
+ &ldquo;With my Uncle Godfrey&rsquo;s legacy I was no longer dependent upon my salary,
+ or my pen, or my father&rsquo;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.&rdquo;
+ </p>
+ <p>
+ &ldquo;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. &lsquo;Four
+ per cent!&rsquo; he cried, when I told him this was the extent of my
+ expectations. &lsquo;Why, you&rsquo;re talking like a trustee.&rsquo; And then seeing that
+ his meaning was beyond me, he explained in his bluff, humorous manner.
+ &lsquo;All a trustee cares for you know, is his reputation for safety. It&rsquo;s not
+ his own income he&rsquo;s nursing, and so he doesn&rsquo;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,&rsquo; and here he arose
+ and unhooking a file of current quotations from the wall, placed it in my
+ lap as I sat beside him. &lsquo;Now here are Government three&rsquo;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.&rsquo;&rdquo;
+ </p>
+ <p>
+ &ldquo;&lsquo;That would not do at all,&rsquo; said I, thinking of Ethel and October.&rdquo;
+ </p>
+ <p>
+ &ldquo;&lsquo;Certainly not for you,&rsquo; 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&rsquo;s ashamed to say so! But a young fellow
+ like you with no responsibility, no wife, and butcher&rsquo;s bill&mdash;it&rsquo;s
+ quite another thing!&rsquo;&rdquo;
+ </p>
+ <p>
+ &ldquo;&lsquo;Quite,&rsquo; said I, &lsquo;oh, quite!&rsquo;&rdquo;
+ </p>
+ <p>
+ &ldquo;Richard,&rdquo; interrupted Ethel, &ldquo;do you have to make yourself out so
+ simple?&rdquo;
+ </p>
+ <p>
+ &ldquo;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.&rdquo;
+ </p>
+ <p>
+ &ldquo;Mr. Beverly now ran his finger up and down various columns. &lsquo;Here again,&rsquo;
+ said he, &lsquo;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&rsquo;s. Or here
+ are West Shore 4&rsquo;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.&rsquo;&rdquo;
+ </p>
+ <p>
+ &ldquo;&lsquo;Why, there are some six per cent bonds!&rsquo; I said; and I pointed them out
+ to him.&rdquo;
+ </p>
+ <p>
+ &ldquo;&lsquo;Selling at 137 7-8, you see,&rsquo; said Mr. Beverly. &lsquo;Deducting the tax,
+ there you are scaled down again.&rsquo; He pencilled some swift calculations.
+ &lsquo;There,&rsquo; said he. And I nearly understood them. &lsquo;Now I&rsquo;m not here to stop
+ your buying that sort of petticoat and canary-bird wafer,&rsquo; continued Mr.
+ Beverly. &lsquo;It&rsquo;s the regular trustee move, and nobody could criticise you if
+ you made it. It&rsquo;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.&rsquo; These
+ words of Mr. Beverly made me feel that I did not want to do what anybody
+ could do. &lsquo;There is another kind of safety which I call thoughtful
+ safety,&rsquo; said he. &lsquo;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.&rsquo;&rdquo;
+ </p>
+ <p>
+ &ldquo;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. &lsquo;You happen to
+ have come,&rsquo; said he, &lsquo;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.&rsquo; 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.&rdquo;
+ </p>
+ <p>
+ &ldquo;&lsquo;What is your opinion of Petunia Water sixes?&rsquo; he inquired.&rdquo;
+ </p>
+ <p>
+ &ldquo;&lsquo;They are a lead-pipe cinch,&rsquo; I immediately answered; and he slapped me
+ on the knee.&rdquo;
+ </p>
+ <p>
+ &ldquo;&lsquo;That&rsquo;s what I think!&rsquo; he cried. &lsquo;Anyhow, I have taken 20,000 for mother.
+ Do what you like.&rsquo;&rdquo;
+ </p>
+ <p>
+ &ldquo;&lsquo;Oh well,&rsquo; 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?&rsquo;&rdquo;
+ </p>
+ <p>
+ &ldquo;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. &lsquo;I did not let mother have any,&rsquo; he said,
+ &lsquo;though I took some myself. But the bonds are different. You&rsquo;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.&rsquo;&rdquo;
+ </p>
+ <p>
+ &ldquo;I was well pleased when I left Mr. Beverly&rsquo;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&rsquo;s unless they went to 110. &lsquo;In that case,&rsquo; said he,
+ &lsquo;it might be worth while to capitalise her premium.&rsquo;&rdquo;
+ </p>
+ <p>
+ &ldquo;I liked the idea of capitalising one&rsquo;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&mdash;I
+ named no limit for this process; but my delighted mind saw visions of
+ eighty and a hundred thousand a year&mdash;comfort at least, if not
+ affluence in New York&mdash;and I explained to Ethel what the phrase
+ capitalising one&rsquo;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. &lsquo;Thirty dollars on
+ January first, and thirty on July first,&rsquo; 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.&rsquo; I told her that this was the rule. &lsquo;But,&rsquo; she
+ urged, &lsquo;don&rsquo;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?&rsquo; 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.&rdquo;
+ </p>
+ <p>
+ &ldquo;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&rsquo;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.&rdquo;
+ </p>
+ <p>
+ &ldquo;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. &lsquo;Richard,&rsquo; she finally began, &lsquo;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?&rsquo;&rdquo;
+ </p>
+ <p>
+ &ldquo;I had, of course, noticed it; but I had not mentioned it to Ethel. &lsquo;I
+ read the papers now,&rsquo; she explained, &lsquo;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.&rsquo;&rdquo;
+ </p>
+ <p>
+ &ldquo;&lsquo;Ethel, you are nervous,&rsquo; I said. &lsquo;And it is the papers which make you
+ so. The Petunias are a first lien on the whole property, of which the
+ assessed valuation&mdash;&lsquo;&rdquo;
+ </p>
+ <p>
+ &ldquo;&lsquo;What is the good,&rsquo; she interrupted, &lsquo;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&rsquo;re thinking of passing?&rsquo; 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.
+ &lsquo;Ha!&rsquo; he jovially exclaimed, on my entering his office on Monday morning;
+ &lsquo;you want to know about Petunias. They opened at 85 I see.&rsquo; He then ran
+ the tape from the ticker through his clean strong hands. &lsquo;Here they are
+ again. Five thousand sold at 83. Now, if they go to 70, I&rsquo;ll very likely
+ take ten thousand more for mother. It&rsquo;s all Frank Smith&rsquo;s bluff, you know.
+ He wants a jag of the water-works stock, more than they say they agreed he
+ should have. So he&rsquo;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&rsquo;ll get the stock, I
+ suppose. What&rsquo;s that?&rsquo; he broke off to a clerk who came with a message.
+ &lsquo;Wants 500 preferred does he? Buyer 30? Very well, he can&rsquo;t have it. Say
+ so from me. Now,&rsquo; he resumed to me, &lsquo;take a cigar by the way. And don&rsquo;t
+ buy any more Petunias until I tell you the right moment. Do you see where
+ your Amalgamated Electric has gone to?&rsquo;&rdquo;
+ </p>
+ <p>
+ &ldquo;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&rsquo;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.&rdquo;
+ </p>
+ <p>
+ &ldquo;&lsquo;They&rsquo;re going to increase the dividend,&rsquo; said Mr. Beverly, as I smoked
+ his excellent cigar. &lsquo;It&rsquo;s good for twenty points higher by the end of the
+ week. I had just got mother a few more shares.&rsquo;&rdquo;
+ </p>
+ <p>
+ &ldquo;I left Mr. Beverly&rsquo;s office the possessor of two thousand shares of
+ Amalgamated Electric, and also entirely reassured about my Petunias. He
+ always made me feel happy.&rdquo;
+ </p>
+ <p>
+ &ldquo;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&rsquo;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.&rdquo;
+ </p>
+ <p>
+ &ldquo;Amalgamated Electric had risen five more points before the board closed
+ that afternoon. This was the first news that I told Ethel.&rdquo;
+ </p>
+ <p>
+ &ldquo;&lsquo;Richard,&rsquo; said she, &lsquo;I wish you would sell that stock to-morrow.&rsquo;&rdquo;
+ </p>
+ <p>
+ &ldquo;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.&rdquo; And the narrator paused reflectively.
+ </p>
+ <p>
+ &ldquo;Thank you, Richard,&rdquo; said Ethel from the sofa. &ldquo;And I admit that I could
+ give you no reason for my request, except that it all seemed so sudden.
+ And&mdash;yes&mdash;there was one other thing. But that was even more
+ silly.&rdquo;
+ </p>
+ <p>
+ &ldquo;I believe I know what you mean,&rdquo; replied Richard, &ldquo;and I shall come to it
+ presently. If any one was silly, it was not you.&rdquo;
+ </p>
+ <p>
+ &ldquo;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.&rdquo;
+ </p>
+ <p>
+ &ldquo;&lsquo;What a number of things it does!&rsquo; exclaimed Ethel, when I showed her the
+ company&rsquo;s check.&rdquo;
+ </p>
+ <p>
+ &ldquo;&lsquo;Yes,&rsquo; I replied, and quoted Browning to her: &lsquo;&rsquo;Twenty-nine Distinct
+ damnations. One sure if the other fails.&rsquo; Beverly&rsquo;s mother has a lot of
+ it.&rsquo;&rdquo;
+ </p>
+ <p>
+ &ldquo;But Ethel did not smile. &lsquo;Richard,&rsquo; she said, &lsquo;I do wish you had more
+ investments with ordinary simple names, like New York and New Haven, or
+ Chicago and Northwestern.&rsquo; And when I told her that I thought this was
+ really unreasonable, she was firm. &lsquo;Yes,&rsquo; she replied, &lsquo;I don&rsquo;t like the
+ names&mdash;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.&rsquo;&rdquo;
+ </p>
+ <p>
+ &ldquo;&lsquo;Why, Ethel!&rsquo; I exclaimed, &lsquo;those are both based upon great inventions,
+ Mr. Beverly&mdash;&lsquo;&rdquo;
+ </p>
+ <p>
+ &ldquo;But she interrupted me earnestly &lsquo;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.&rsquo;&rdquo;
+ </p>
+ <p>
+ &ldquo;&lsquo;I do not think you can fully have taken it in, Ethel.&rsquo;&rdquo;
+ </p>
+ <p>
+ &ldquo;&lsquo;I trust that it may not have fully taken you in,&rsquo; she replied. &lsquo;Have you
+ noticed what those stocks are selling for at present?&rsquo;&rdquo;
+ </p>
+ <p>
+ &ldquo;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. &lsquo;Had they gone up too soon and too high,&rsquo;
+ he explained, &lsquo;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.&rsquo;&rdquo;
+ </p>
+ <p>
+ &ldquo;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. &lsquo;Even if you get the parents to adopt it,&rsquo; she
+ said, &lsquo;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.&rsquo;&rdquo;
+ </p>
+ <p>
+ &ldquo;&lsquo;Well,&rsquo; I answered, &lsquo;old Mrs. Beverly is holding on to hers.&rsquo;&rdquo;
+ </p>
+ <p>
+ &ldquo;When I said this, Ethel sat with her mouth tight. Then she opened it and
+ said: &lsquo;I hate that woman.&rsquo;&rdquo;
+ </p>
+ <p>
+ &ldquo;&lsquo;Hate her? Why, you have never so much as laid eyes on her.&rsquo;&rdquo;
+ </p>
+ <p>
+ &ldquo;&lsquo;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.&rsquo;&rdquo;
+ </p>
+ <p>
+ &ldquo;Every point in this outburst of Ethel&rsquo;s seemed to me so unwarrantable
+ that I was quite dazed. I sat looking at her, and her eyes filled with
+ tears. &lsquo;Oh Richard!&rsquo; she exclaimed, &lsquo;she will ruin you, and I hate her!&rsquo;&rdquo;
+ </p>
+ <p>
+ &ldquo;&lsquo;My dear Ethel,&rsquo; I replied, &lsquo;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.&rsquo;&rdquo;
+ </p>
+ <p>
+ &ldquo;&lsquo;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&rsquo;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.&rsquo;&rdquo;
+ </p>
+ <p>
+ &ldquo;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&rsquo;s advice I
+ was following, and not that of his mother. &lsquo;Had he not spoken of her,&rsquo; I
+ said, &lsquo;I should have remained unaware of her existence.&rsquo;&rdquo;
+ </p>
+ <p>
+ &ldquo;&lsquo;She is at the bottom of it all the same,&rsquo; said Ethel. &lsquo;Everything you
+ have bought has been because she bought it.&rsquo;&rdquo;
+ </p>
+ <p>
+ &ldquo;&lsquo;That is not quite the right way to put it,&rsquo; I replied. &lsquo;I was willing to
+ buy these securities because Mr. Beverly thought so highly of them that he
+ felt justified in&mdash;&lsquo;&rdquo;
+ </p>
+ <p>
+ &ldquo;&lsquo;There is no use,&rsquo; interrupted Ethel, &lsquo;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&rsquo;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?&rsquo;&rdquo;
+ </p>
+ <p>
+ &ldquo;I did not enjoy telling Ethel how much, but I had to. &lsquo;Only fifteen
+ thousand dollars,&rsquo; I said.&rdquo;
+ </p>
+ <p>
+ &ldquo;&lsquo;Only!&rsquo; said Ethel. &lsquo;Well, I hope his mother will lose a great deal more
+ than that.&rsquo;&rdquo;
+ </p>
+ <p>
+ &ldquo;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.&rdquo;
+ </p>
+ <p>
+ &ldquo;&lsquo;She cannot possibly be less than sixty-five,&rsquo; Ethel presently announced.
+ &lsquo;And she is far more likely to be seventy.&rsquo;&rdquo;
+ </p>
+ <p>
+ &ldquo;I thought it best to agree to any age that Ethel chose to give the old
+ lady.&rdquo;
+ </p>
+ <p>
+ &ldquo;&lsquo;Do you suppose,&rsquo; Ethel continued, &lsquo;that she does it by telephone?&rsquo;&rdquo;
+ </p>
+ <p>
+ &ldquo;&lsquo;My dearest,&rsquo; I responded, &lsquo;he must do it all for her, of course, you
+ know.&rsquo;&rdquo;
+ </p>
+ <p>
+ &ldquo;&lsquo;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.&rsquo;&rdquo;
+ </p>
+ <p>
+ &ldquo;&lsquo;Why not give her a ticker in her bedroom while you are about it, Ethel?&rsquo;
+ I suggested.&rdquo;
+ </p>
+ <p>
+ &ldquo;But Ethel could not smile. &lsquo;I think that is perfectly probable,&rsquo; she
+ answered. And then, &lsquo;Oh, Richard, isn&rsquo;t it mean!&rsquo; At this I took her hand,
+ and she&mdash;but again I abstain from dwelling upon those circumstances
+ of the engaged which are familiar to you all.&rdquo;
+ </p>
+ <p>
+ &ldquo;The change of May into June, and the change of June into July, did not
+ mellow Ethel&rsquo;s bitter feelings. I remember the day after Petunias
+ defaulted on their interest that she exclaimed, &lsquo;I hope I shall never meet
+ her!&rsquo; We always called Mr. Beverly&rsquo;s mother &lsquo;she&rsquo; now. &lsquo;For if I were to
+ meet her,&rsquo; continued Ethel, &lsquo;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!&rsquo;&rdquo;
+ </p>
+ <p>
+ &ldquo;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&rsquo; 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.&rdquo;
+ </p>
+ <p>
+ &ldquo;&lsquo;I wonder what she&rsquo;s buying now?&rsquo; said Ethel, vindictively.&rdquo;
+ </p>
+ <p>
+ &ldquo;&lsquo;Well, I can&rsquo;t help feeling sorry for her,&rsquo; I answered, with as much of a
+ smile as I could produce.&rdquo;
+ </p>
+ <p>
+ &ldquo;&lsquo;That is so unnecessary, Richard! She can easily afford to gratify her
+ gambling instinct.&rsquo;&rdquo;
+ </p>
+ <p>
+ &ldquo;&lsquo;There you go, Ethel, inventing millions for her just as you invented
+ grandchildren.&rsquo;&rdquo;
+ </p>
+ <p>
+ &ldquo;&lsquo;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&rsquo;s office. Is he at Hyde Park now?&rsquo;
+ Hyde Park was where the old Beverly country seat had always been.&rdquo;
+ </p>
+ <p>
+ &ldquo;&lsquo;No,&rsquo; I answered. &lsquo;He went to Europe early last month.&rsquo;&rdquo;
+ </p>
+ <p>
+ &ldquo;&lsquo;Very likely he took her with him. She is probably at Monte Carlo.&rsquo;&rdquo;
+ </p>
+ <p>
+ &ldquo;&lsquo;Scarcely in August, I fancy. And I&rsquo;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.&rsquo;&rdquo;
+ </p>
+ <p>
+ &ldquo;&lsquo;Serve her right,&rsquo; said Ethel &lsquo;And I would say so to her face.&rsquo;&rdquo;
+ </p>
+ <p>
+ &ldquo;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.&rdquo;
+ </p>
+ <p>
+ &ldquo;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&rsquo;t want to live, like
+ Philadelphia, in New York we should drop into a pinched and dwarfed
+ obscurity.&rdquo;
+ </p>
+ <p>
+ &ldquo;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&rsquo;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&rsquo;s
+ mother.&rdquo;
+ </p>
+ <p>
+ &ldquo;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.&rdquo;
+ </p>
+ <p>
+ &ldquo;We were spending Sunday with a house party at Hyde Park; and driving to
+ church, we passed an avenue gate with a lodge. &lsquo;Rockhurst, sir,&rsquo; said the
+ coachman. &lsquo;Whose place?&rsquo; I inquired. &lsquo;The old Beverly place, sir.&rsquo; 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.&rdquo;
+ </p>
+ <p>
+ &ldquo;&lsquo;If I see her,&rsquo; said Ethel to me as we entered the door, &lsquo;I shall be
+ unable to say my prayers.&rsquo;&rdquo;
+ </p>
+ <p>
+ &ldquo;But only young people came into the Beverly pew, and Ethel said her
+ prayers and also sang the hymn and chants very sweetly.&rdquo;
+ </p>
+ <p>
+ &ldquo;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.&rdquo;
+ </p>
+ <p>
+ &ldquo;&lsquo;Here is where they are all buried,&rsquo; said Ethel, and we paused before
+ brown old headstones with Beverly upon them. &lsquo;Died 1750; died 1767,&rsquo;
+ continued Ethel, reading the names and inscriptions. &lsquo;I think one doesn&rsquo;t
+ mind the idea of lying in such a place as this.&rsquo;&rdquo;
+ </p>
+ <p>
+ &ldquo;Some of the young people in the pew now came along the path. &lsquo;The
+ grandchildren,&rsquo; said Ethel. &lsquo;She is probably too old to come to church. Or
+ she is in Europe.&rsquo;&rdquo;
+ </p>
+ <p>
+ &ldquo;The young people had brought a basket with flowers from their place, and
+ now laid them over several of the grassy mounds. &lsquo;Give me some of yours,&rsquo;
+ said one to the other, presently; &lsquo;I&rsquo;ve not enough for grandmother&rsquo;s.&rsquo;&rdquo;
+ </p>
+ <p>
+ &ldquo;Ethel took me rather sharply by the arm. &lsquo;Did you hear that?&rsquo; she asked.&rdquo;
+ </p>
+ <p>
+ &ldquo;&lsquo;It can&rsquo;t be she, you know,&rsquo; said I. &lsquo;He would have come back from
+ Europe.&rsquo;&rdquo;
+ </p>
+ <p>
+ &ldquo;But we found it out at lunch. It was she, and she had been dead for
+ fifteen years.&rdquo;
+ </p>
+ <p>
+ &ldquo;Ethel and I talked it over in the train going up to town on Monday
+ morning. We had by that time grown calmer. &lsquo;If it is not false pretences,&rsquo;
+ said she, &lsquo;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?&rsquo;&rdquo;
+ </p>
+ <p>
+ &ldquo;As this was a question which I had frequently asked myself during the
+ night, having found no satisfactory answer to it, I said: &lsquo;What would you
+ do in my place, Ethel?&rsquo; But Ethel knew.&rdquo;
+ </p>
+ <p>
+ &ldquo;&lsquo;I should find out when he sails, and meet his steamer with a cowhide.&rsquo;&rdquo;
+ </p>
+ <p>
+ &ldquo;&lsquo;Then he would sue me for damages.&rsquo;&rdquo;
+ </p>
+ <p>
+ &ldquo;&lsquo;That would be nothing, if you got a few good cuts in on him.&rsquo;&rdquo;
+ </p>
+ <p>
+ &ldquo;&lsquo;Ethel,&rsquo; I said, &lsquo;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&mdash;&lsquo;&rdquo;
+ </p>
+ <p>
+ &ldquo;I know,&rsquo; interrupted Ethel, &lsquo;you are afraid of ridicule. All men are.&rsquo;&rdquo;
+ </p>
+ <p>
+ &ldquo;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&rsquo;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. &lsquo;Well&rsquo;, he said, &lsquo;I don&rsquo;t know. You must seize
+ these things. Blake and Beverly might have got tired waiting.&rdquo;
+ </p>
+ <p>
+ &ldquo;&lsquo;Blake and Beverly!&rsquo; I exclaimed &lsquo;So they made the purchase. It Mr.
+ Beverly back?&rsquo;&rdquo;
+ </p>
+ <p>
+ &ldquo;&lsquo;Just back. To tell the truth I don&rsquo;t believe they&rsquo;re finding so much
+ copper as they hoped.&rsquo;&rdquo;
+ </p>
+ <p>
+ &ldquo;This turned out to be true. And I am not sure that the business man had
+ not known it all the while. &lsquo;We looked over the property pretty thoroughly
+ at the time of the Tamarack excitement,&rsquo; 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.&rdquo;
+ </p>
+ <p>
+ &ldquo;Then I paid my visit to Mr. Beverly, but with no cowhide. &lsquo;Mr. Beverly,&rsquo;
+ said I, &lsquo;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.&rsquo;&rdquo;
+ </p>
+ <p>
+ &ldquo;Those,&rdquo; concluded Mr. Richard Field, &ldquo;are the circumstances attending my
+ engagement which I felt might interest you. And now, Ethel, tell your
+ story, if they&rsquo;ll listen.&rdquo;
+ </p>
+ <p>
+ &ldquo;Richard,&rdquo; said Ethel, &ldquo;that is the story I was going to tell.&rdquo;
+ </p>
+ <p>
+ <br /><br /><br /><br />
+ </p>
+<pre xml:space="preserve">
+
+
+
+
+
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+</pre>
+ </body>
+</html>
diff --git a/old/1387.txt b/old/1387.txt
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--- /dev/null
+++ b/old/1387.txt
@@ -0,0 +1,1379 @@
+The Project Gutenberg EBook of Mother, by Owen Wister
+
+This eBook is for the use of anyone anywhere at no cost and with
+almost no restrictions whatsoever. You may copy it, give it away or
+re-use it under the terms of the Project Gutenberg License included
+with this eBook or online at www.gutenberg.org
+
+
+Title: Mother
+
+Author: Owen Wister
+
+Posting Date: August 26, 2008 [EBook #1387]
+Release Date: July, 1998
+
+Language: English
+
+Character set encoding: ASCII
+
+*** START OF THIS PROJECT GUTENBERG EBOOK MOTHER ***
+
+
+
+
+Produced by Bill Brewer
+
+
+
+
+
+MOTHER
+
+By Owen Wister
+
+
+
+
+ To My Favourite Broker With The Earnest Assurance
+ That Mr. Beverly Is Not Meant For Him
+
+
+
+
+NOTE
+
+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.
+
+June 7, 1907, OWEN WISTER
+
+
+
+
+MOTHER
+
+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.
+
+"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?"
+
+"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."
+
+"Oh, yes you will!" we all exclaimed together; and the men looked eager
+while the women sighed.
+
+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.
+
+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.
+
+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.
+
+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.
+
+"Do at least have some omelet, my dear," whispered Mrs. Davenport
+urgently. "It's quite light."
+
+But Mrs. Field could summon no appetite.
+
+"I see you are anxious about him," Mrs. Davenport continued after
+breakfast. "You are surely not afraid his story will fail to interest
+us?"
+
+"No, it is not that."
+
+"It can't be that he has given up the one he expected to tell us and can
+think of no other?"
+
+"Oh, no; he is going to tell that one."
+
+"And you don't like his choice?"
+
+"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."
+
+"So does Richard. Except when I particularly ask him."
+
+"There it is, Ethel. You let him see that you want to know."
+
+"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."
+
+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."
+
+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.
+
+"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."
+
+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."
+
+"But he hasn't. Richard hasn't told me anything."
+
+"Ethel! Then what is the matter?"
+
+"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."
+
+"Ethel! You darling!"
+
+"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."
+
+"But, my dear, what did he do when you--"
+
+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.
+
+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.
+
+"Shall we have," he whispered to Mr. Hillard, "a Beckmesser fiasco
+to-night, or will it be a Walter success?"
+
+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."
+
+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.
+
+"Why, Mr. Field," said Mrs. Davenport, "you look as if you could find
+nothing to suggest your story to you."
+
+"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."
+
+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."
+
+Ethel, after a hopeless glance at this, resumed her seat near the sofa
+by Mrs. Davenport.
+
+"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."
+
+"Mother!" This was Ethel's bewildered echo, "Whose Mother?" she softly
+murmured to herself.
+
+Richard continued. "It concerns the circumstances under which I became
+engaged to my wife."
+
+There was a movement from Ethel as she sat by the sofa.
+
+"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--"
+
+There was another movement from Ethel by the sofa.
+
+"--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.
+
+"Ethel has always maintained that if I had really understood her, it
+never would have happened. She says--"
+
+"Richard, I"--
+
+"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."
+
+"I didn't care! I'd have"--but Mr. Field checked her outburst.
+
+"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."
+
+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.
+
+"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."
+
+"The door-bell!" exclaimed Ethel. "I could have gone without hearing
+that."
+
+"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."
+
+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.
+
+"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."
+
+"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."
+
+"Those two years we could have been in Michigan," said Ethel, "had you
+understood."
+
+"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."
+
+"I"--began Ethel. But she stopped.
+
+"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."
+
+"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."
+
+"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."
+
+At this point in Richard's narrative, a sigh escaped from Ethel.
+
+"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."
+
+"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."
+
+"Mr. Field," said Mrs. Davenport, "what hour did that train arrive at
+Jersey City?"
+
+Richard looked surprised. "Why, seven-fifteen P. M.," he replied. "The
+tenth of March."
+
+"Dark!" Mrs. Davenport exclaimed. "Mr. Field, you and Ethel were engaged
+before the ferry boat landed at Desbrosses Street."
+
+Richard and Ethel both sat straight up, but remained speechless.
+
+"Pardon my interruption," said Mrs. Davenport, smiling. "I didn't want
+to miss a single point in this story--do go on!"
+
+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.
+
+"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."
+
+"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.'"
+
+"'That would not do at all,' said I, thinking of Ethel and October."
+
+"'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!'"
+
+"'Quite,' said I, 'oh, quite!'"
+
+"Richard," interrupted Ethel, "do you have to make yourself out so
+simple?"
+
+"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."
+
+"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.'"
+
+"'Why, there are some six per cent bonds!' I said; and I pointed them
+out to him."
+
+"'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.'"
+
+"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."
+
+"'What is your opinion of Petunia Water sixes?' he inquired."
+
+"'They are a lead-pipe cinch,' I immediately answered; and he slapped me
+on the knee."
+
+"'That's what I think!' he cried. 'Anyhow, I have taken 20,000 for
+mother. Do what you like.'"
+
+"'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?'"
+
+"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.'"
+
+"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.'"
+
+"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."
+
+"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."
+
+"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?'"
+
+"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.'"
+
+"'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--'"
+
+"'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?'"
+
+"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."
+
+"'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.'"
+
+"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."
+
+"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."
+
+"Amalgamated Electric had risen five more points before the board closed
+that afternoon. This was the first news that I told Ethel."
+
+"'Richard,' said she, 'I wish you would sell that stock to-morrow.'"
+
+"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.
+
+"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."
+
+"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."
+
+"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."
+
+"'What a number of things it does!' exclaimed Ethel, when I showed her
+the company's check."
+
+"'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.'"
+
+"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.'"
+
+"'Why, Ethel!' I exclaimed, 'those are both based upon great inventions,
+Mr. Beverly--'"
+
+"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.'"
+
+"'I do not think you can fully have taken it in, Ethel.'"
+
+"'I trust that it may not have fully taken you in,' she replied. 'Have
+you noticed what those stocks are selling for at present?'"
+
+"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.'"
+
+"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.'"
+
+"'Well,' I answered, 'old Mrs. Beverly is holding on to hers.'"
+
+"When I said this, Ethel sat with her mouth tight. Then she opened it
+and said: 'I hate that woman.'"
+
+"'Hate her? Why, you have never so much as laid eyes on her.'"
+
+"'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.'"
+
+"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!'"
+
+"'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.'"
+
+"'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.'"
+
+"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.'"
+
+"'She is at the bottom of it all the same,' said Ethel. 'Everything you
+have bought has been because she bought it.'"
+
+"'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--'"
+
+"'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?'"
+
+"I did not enjoy telling Ethel how much, but I had to. 'Only fifteen
+thousand dollars,' I said."
+
+"'Only!' said Ethel. 'Well, I hope his mother will lose a great deal
+more than that.'"
+
+"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."
+
+"'She cannot possibly be less than sixty-five,' Ethel presently
+announced. 'And she is far more likely to be seventy.'"
+
+"I thought it best to agree to any age that Ethel chose to give the old
+lady."
+
+"'Do you suppose,' Ethel continued, 'that she does it by telephone?'"
+
+"'My dearest,' I responded, 'he must do it all for her, of course, you
+know.'"
+
+"'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.'"
+
+"'Why not give her a ticker in her bedroom while you are about it,
+Ethel?' I suggested."
+
+"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."
+
+"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!'"
+
+"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."
+
+"'I wonder what she's buying now?' said Ethel, vindictively."
+
+"'Well, I can't help feeling sorry for her,' I answered, with as much of
+a smile as I could produce."
+
+"'That is so unnecessary, Richard! She can easily afford to gratify her
+gambling instinct.'"
+
+"'There you go, Ethel, inventing millions for her just as you invented
+grandchildren.'"
+
+"'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."
+
+"'No,' I answered. 'He went to Europe early last month.'"
+
+"'Very likely he took her with him. She is probably at Monte Carlo.'"
+
+"'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.'"
+
+"'Serve her right,' said Ethel 'And I would say so to her face.'"
+
+"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."
+
+"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."
+
+"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."
+
+"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."
+
+"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."
+
+"'If I see her,' said Ethel to me as we entered the door, 'I shall be
+unable to say my prayers.'"
+
+"But only young people came into the Beverly pew, and Ethel said her
+prayers and also sang the hymn and chants very sweetly."
+
+"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."
+
+"'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.'"
+
+"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.'"
+
+"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.'"
+
+"Ethel took me rather sharply by the arm. 'Did you hear that?' she
+asked."
+
+"'It can't be she, you know,' said I. 'He would have come back from
+Europe.'"
+
+"But we found it out at lunch. It was she, and she had been dead for
+fifteen years."
+
+"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?'"
+
+"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."
+
+"'I should find out when he sails, and meet his steamer with a
+cowhide.'"
+
+"'Then he would sue me for damages.'"
+
+"'That would be nothing, if you got a few good cuts in on him.'"
+
+"'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--'"
+
+"I know,' interrupted Ethel, 'you are afraid of ridicule. All men are.'"
+
+"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."
+
+"'Blake and Beverly!' I exclaimed 'So they made the purchase. It Mr.
+Beverly back?'"
+
+"'Just back. To tell the truth I don't believe they're finding so much
+copper as they hoped.'"
+
+"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."
+
+"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.'"
+
+"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."
+
+"Richard," said Ethel, "that is the story I was going to tell."
+
+
+
+
+
+End of the Project Gutenberg EBook of Mother, by Owen Wister
+
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+*****The Project Gutenberg Etext of Mother, by Owen Wister******
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+Mother
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+by Owen Wister
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+July, 1998 [Etext #1387]
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+*END*THE SMALL PRINT! FOR PUBLIC DOMAIN ETEXTS*Ver.04.29.93*END*
+
+
+
+
+
+MOTHER
+By OWEN WISTER
+
+
+
+
+TO MY FAVOURITE BROKER WITH THE EARNEST ASSURANCE THAT MR. BEVERLY IS NOT
+MEANT FOR HIM
+
+
+
+
+NOTE
+
+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.
+
+June 7, 1907, OWEN WISTER
+
+
+
+
+MOTHER
+
+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.
+
+"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?"
+
+"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."
+
+"Oh, yes you will!" we all exclaimed together; and the men looked eager
+while the women sighed.
+
+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.
+
+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.
+
+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.
+
+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.
+
+"Do at least have some omelet, my dear," whispered Mrs. Davenport
+urgently. "It's quite light."
+
+But Mrs. Field could summon no appetite.
+
+"I see you are anxious about him," Mrs. Davenport continued after
+breakfast. "You are surely not afraid his story will fail to interest
+us?"
+
+"No, it is not that."
+
+"It can't be that he has given up the one he expected to tell us and can
+think of no other?"
+
+"Oh, no; he is going to tell that one."
+
+"And you don't like his choice?"
+
+"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."
+
+"So does Richard. Except when I particularly ask him."
+
+"There it is, Ethel. You let him see that you want to know."
+
+"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."
+
+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."
+
+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.
+
+"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."
+
+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."
+
+"But he hasn't. Richard hasn't told me anything."
+
+"Ethel! Then what is the matter?"
+
+"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."
+
+"Ethel! You darling!"
+
+"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."
+
+"But, my dear, what did he do when you--"
+
+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.
+
+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.
+
+"Shall we have," he whispered to Mr. Hillard, "a Beckmesser fiasco
+to-night, or will it be a Walter success?"
+
+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."
+
+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.
+
+"Why, Mr. Field," said Mrs. Davenport, "you look as if you could find
+nothing to suggest your story to you."
+
+"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."
+
+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."
+
+Ethel, after a hopeless glance at this, resumed her seat near the sofa by
+Mrs. Davenport.
+
+"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."
+
+"Mother!" This was Ethel's bewildered echo, "Whose Mother?" she softly
+murmured to herself.
+
+Richard continued. "It concerns the circumstances under which I became
+engaged to my wife."
+
+There was a movement from Ethel as she sat by the sofa.
+
+"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--"
+
+There was another movement from Ethel by the sofa.
+
+"--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.
+
+"Ethel has always maintained that if I had really understood her, it
+never would have happened. She says--"
+
+"Richard, I"--
+
+"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."
+
+"I didn't care! I'd have"--but Mr. Field checked her outburst.
+
+"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."
+
+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.
+
+"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."
+
+"The door-bell!" exclaimed Ethel. "I could have gone without hearing
+that."
+
+"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."
+
+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.
+
+"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."
+
+"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."
+
+"Those two years we could have been in Michigan," said Ethel, "had you
+understood."
+
+"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."
+
+"I"--began Ethel. But she stopped.
+
+"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."
+
+"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."
+
+"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."
+
+At this point in Richard's narrative, a sigh escaped from Ethel.
+
+"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."
+
+"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."
+
+"Mr. Field," said Mrs. Davenport, "what hour did that train arrive at
+Jersey City?"
+
+Richard looked surprised. "Why, seven-fifteen P. M.," he replied. "The
+tenth of March."
+
+"Dark!" Mrs. Davenport exclaimed. "Mr. Field, you and Ethel were engaged
+before the ferry boat landed at Desbrosses Street."
+
+Richard and Ethel both sat straight up, but remained speechless.
+
+"Pardon my interruption," said Mrs. Davenport, smiling. "I didn't want to
+miss a single point in this story--do go on!"
+
+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.
+
+"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."
+
+"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.'"
+
+"'That would not do at all,' said I, thinking of Ethel and October."
+
+"'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!'"
+
+"'Quite,' said I, 'oh, quite!'"
+
+"Richard," interrupted Ethel, "do you have to make yourself out so
+simple?"
+
+"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."
+
+"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.'"
+
+"'Why, there are some six per cent bonds!' I said; and I pointed them out
+to him."
+
+"'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.'"
+
+"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."
+
+"'What is your opinion of Petunia Water sixes?' he inquired."
+
+"'They are a lead-pipe cinch,' I immediately answered; and he slapped me
+on the knee."
+
+"'That's what I think!' he cried. 'Anyhow, I have taken 20,000 for
+mother. Do what you like.'"
+
+"'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?'"
+
+"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.'"
+
+"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.'"
+
+"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."
+
+"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."
+
+"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?'"
+
+"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.'"
+
+"'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--'"
+
+"'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?'"
+
+"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."
+
+"'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.'"
+
+"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."
+
+"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."
+
+"Amalgamated Electric had risen five more points before the board closed
+that afternoon. This was the first news that I told Ethel."
+
+"'Richard,' said she, 'I wish you would sell that stock to-morrow.'"
+
+"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.
+
+"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."
+
+"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."
+
+"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."
+
+"'What a number of things it does!' exclaimed Ethel, when I showed her
+the company's check."
+
+"'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.'"
+
+"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.'"
+
+"'Why, Ethel!' I exclaimed, 'those are both based upon great inventions,
+Mr. Beverly--'"
+
+"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.'"
+
+"'I do not think you can fully have taken it in, Ethel.'"
+
+"'I trust that it may not have fully taken you in,' she replied. 'Have
+you noticed what those stocks are selling for at present?'"
+
+"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.'"
+
+"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.'"
+
+"'Well,' I answered, 'old Mrs. Beverly is holding on to hers.'"
+
+"When I said this, Ethel sat with her mouth tight. Then she opened it and
+said: 'I hate that woman.'"
+
+"'Hate her? Why, you have never so much as laid eyes on her.'"
+
+"'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.'"
+
+"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!'"
+
+"'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.'"
+
+"'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.'"
+
+"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.'"
+
+"'She is at the bottom of it all the same,' said Ethel. 'Everything you
+have bought has been because she bought it.'"
+
+"'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--'"
+
+"'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?'"
+
+"I did not enjoy telling Ethel how much, but I had to. 'Only fifteen
+thousand dollars,' I said."
+
+"'Only!' said Ethel. 'Well, I hope his mother will lose a great deal
+more than that.'"
+
+"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."
+
+"'She cannot possibly be less than sixty-five,' Ethel presently
+announced. 'And she is far more likely to be seventy.'"
+
+"I thought it best to agree to any age that Ethel chose to give the old
+lady."
+
+"'Do you suppose,' Ethel continued, 'that she does it by telephone?'"
+
+"'My dearest,' I responded, 'he must do it all for her, of course, you
+know.'"
+
+"'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.'"
+
+"'Why not give her a ticker in her bedroom while you are about it,
+Ethel?' I suggested."
+
+"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."
+
+"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!'"
+
+"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."
+
+"'I wonder what she's buying now?' said Ethel, vindictively."
+
+"'Well, I can't help feeling sorry for her,' I answered, with as much of
+a smile as I could produce."
+
+"'That is so unnecessary, Richard! She can easily afford to gratify her
+gambling instinct.'"
+
+"'There you go, Ethel, inventing millions for her just as you invented
+grandchildren.'"
+
+"'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."
+
+"'No,' I answered. 'He went to Europe early last month.'"
+
+"'Very likely he took her with him. She is probably at Monte Carlo.'"
+
+"'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.'"
+
+"'Serve her right,' said Ethel 'And I would say so to her face.'"
+
+"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."
+
+"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."
+
+"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."
+
+"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."
+
+"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."
+
+"'If I see her,' said Ethel to me as we entered the door, 'I shall be
+unable to say my prayers.'"
+
+"But only young people came into the Beverly pew, and Ethel said her
+prayers and also sang the hymn and chants very sweetly."
+
+"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."
+
+"'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.'"
+
+"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.'"
+
+"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.'"
+
+"Ethel took me rather sharply by the arm. 'Did you hear that?' she asked."
+
+"'It can't be she, you know,' said I. 'He would have come back from
+Europe.'"
+
+"But we found it out at lunch. It was she, and she had been dead for
+fifteen years."
+
+"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?'"
+
+"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."
+
+"'I should find out when he sails, and meet his steamer with a cowhide.'"
+
+"'Then he would sue me for damages.'"
+
+"'That would be nothing, if you got a few good cuts in on him.'"
+
+"'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--'"
+
+"I know,' interrupted Ethel, 'you are afraid of ridicule. All men are.'"
+
+"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."
+
+"'Blake and Beverly!' I exclaimed 'So they made the purchase. It Mr.
+Beverly back?'"
+
+"'Just back. To tell the truth I don't believe they're finding so much
+copper as they hoped.'"
+
+"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."
+
+"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.'"
+
+"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."
+
+"Richard," said Ethel, "that is the story I was going to tell."
+
+
+
+
+
+End of The Project Gutenberg Etext of Mother, by Owen Wister
+
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