Part 36 (2/2)

'Well, I suppose the fifty pounds would bring us in about thirty s.h.i.+llings a year.'

'Thirty s.h.i.+llings! O Frank!'

'Rather less than more.'

'Fancy a great rich nation like ours taking our fifty pounds and treating us like that. How MEAN of them! Don't let them have it, Frank.'

'No, I won't.'

'If they want it, they can make us a fair offer for it.'

'I think we'll try something else.'

'Well, they have only themselves to thank. But you have some plan in your head, Frank. What is it?'

He brought the morning paper over from the table. Then he folded it so as to bring the financial columns to the top.

'I saw a fellow in the City yesterday who knows a great deal about gold-mining. I only had a few minutes' talk, but he strongly advised me to have some shares in the El Dorado Proprietary Gold Mine.'

'What a nice name! I wonder if they would let us have any?'

'Oh yes, they are to be bought in the open market. It is like this, Maude. The mine was a very good one, and paid handsome dividends.

Then it had some misfortunes. First, there was no water, and then there was too much water, and the workings were flooded. So, of course, the price of the shares fell. Now they are getting the mine all right again, but the shares are still low. It certainly seems a very good chance to pick a few of them up.'

'Are they very dear, Frank?'

'I looked them up in the Mining Register before I came home yesterday. The original price of each share was ten s.h.i.+llings, but as they have had these misfortunes, one would expect to find them rather lower.'

'Ten s.h.i.+llings! It does not seem much to pay for a share in a thing with a name like that.'

'Here it is,' said he, pointing with a pencil to one name in a long printed list. 'This one, between the Royal Bonanza and the Alabaster Consols. You see--El Dorado Proprietary! Then after it you have printed, 4.75--4.875. I don't profess to know much about these things, but that of course means the price.'

'Yes, dear, it is printed at the top of the column--”Yesterday's prices.”'

'Quito so. Well, we know that the original price of each share was ten s.h.i.+llings, and of course they must have dropped with a flood in the mine, so that these figures must mean that the price yesterday was four s.h.i.+llings and nine-pence, or thereabouts.'

'What a clear head for business you have, dear!'

'I think we can't do wrong in buying at that price. You see, with our fifty pounds we could buy two hundred of them, and then if they went up again we could sell, and take our profit.'

'How delightful! But suppose they don't go up.'

'Well, they can't go down. I should not think that a share at four s.h.i.+llings and ninepence COULD go down very much. There is no room.

But it may go up to any extent.'

'Besides, your friend said that they would go up.'

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