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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 shebut 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 Oc

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