嗔秤戻幣�哉膵�云利匈嬉蝕湊蛸賜�塋床四衲���萩晦編報炎嘔囚^泡仟 ̄云利匈��
栽怩弌傍利 卦指云慕朕村 紗秘慕禰 厘議慕尺 厘議慕禰 TXT畠云和墮 〆辺茄欺厘議箝誓匂〇

mother(銚牌)-及3何蛍

酔楯荷恬: 梓囚徒貧圭�鮗� ○ 賜 ★ 辛酔堀貧和鍬匈 梓囚徒貧議 Enter 囚辛指欺云慕朕村匈 梓囚徒貧圭�鮗� ● 辛指欺云匈競何! 泌惚云慕短嗤堋響頼���誅卒亮茂�俊彭堋響��辛聞喘貧圭 "辺茄欺厘議箝誓匂" 孔嬬 才 "紗秘慕禰" 孔嬬��



often accepted�察�sometimes even solicited。 Should I speak to her�察�and ask 

her to wait until I could put a decent roof over her head�察�or should I keep 



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away   from   her   until   I   could   offer   such   a   roof�拭  �Her   father�察  �I   supposed�察�

could do something for us。 But I  was not willing to   be a pensioner。  His 

businesswere he generouswould be to provide cake and butter�察�but the 

bread was to be mine and bread was still a long way off�察�according to New 

York standards。 These things I thought over while she was in Florida�察�yet 

when   once   I   should   I   find   myself   with   her   again�察  �I   began   to   fear   that   I 

could not hold myself frombut these are circumstances which universal 

knowledge   renders   it   needless to   mention�察  �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�察  �who   lived   near   Cold   Spring   on   the 

Hudson�察�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�察�a million dollars was a sum considerable enough to be 

still seen�察�as it were�察�with the naked eye。 That was my bequest from Uncle 

Godfrey�察�and I felt myself to be the possessor of a fortune。; 

     At this point in Richard's narrative�察�a sigh escaped from Ethel。 

     ;I know�察─�he immediately said�察 �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�察�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�察─�said   Mrs。 Davenport�察  �what hour did that   train   arrive   at 

Jersey City�拭─�

     Richard looked surprised。 ;Why�察�seven´fifteen P。 M。�察─�he replied。 ;The 

tenth of March。; 

     ;Dark� ─  �Mrs。   Davenport   exclaimed。   ;Mr。   Field�察  �you   and   Ethel   were 

engaged before the ferry boat landed at Desbrosses Street。; 

     Richard and Ethel both sat straight up�察�but remained speechless。 



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     ;Pardon my interruption�察─�said Mrs。 Davenport�察�smiling。 ;I didn't want 

to miss a single point in this storydo go on� ─�

     Richard   was   obliged   to   burst   out   laughing�察  �in   which   Ethel�察  �after   a 

moment�察�followed him�察�though perhaps less heartily。 And as he continued�察�

his blush subsided。 

     ;With my Uncle Godfrey's legacy I was no longer dependent upon my 

salary�察�or my pen�察�or my father's purse�察�and I decided that with the money 

properly   invested�察  �I   could   maintain   a   modest   establishment   of   my   own。 

Ethel agreed with me entirely�察�and�察�after a little�察�we disclosed our plans to 

our   families�察  �and   they   met   with   approval。   This   was   in   April�察  �and    we 

thought of October or November for the wedding。 It seemed long to wait�察�

but it came near being so much longer�察�that I grow chilly now to think of 

it。; 

     ;Of course�察�I went steadily on with my work at the office in Nassau 

Street�察�nor did I neglect my writing entirely。 My attention�察�however�察�was 

now turned to the question of investing my fortune。 Just round the corner 

from   our   office   was   the   firm   of   Blake   and   Beverly�察  �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�察�and so having a sort 

of acquaintance with him�察�I felt it easier to consult him than to seek any 

other among the brokers�察�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�察�when I told him this was the extent of my expectations。 

'Why�察�you're talking like a trustee。' And then seeing that his meaning was 

beyond   me�察  �he   explained   in   his   bluff�察  �humorous   manner。   'All   a   trustee 

cares   for  you   know�察  �is   his   reputation   for safety。  It's   not   his own   income 

he's nursing�察�and so he doesn't care how small he makes it�察�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�察�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�察�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 



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as the United States�察�and if I advised you to buy them�察�it would cost me no 

thought�察�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�察�about twenty´eight thousand dollars。'; 

     ;'That would not do at all��' said I�察�thinking of Ethel and October。; 

     ;'Certainly   not   for   you��'   returned   Mr。   Beverly�察  �gaily。   If   you   were   a 

timorous   old   maid�察  �now�察  �who   would   really   like   all   her   money   in   her 

stocking in gold pieces�察�only she's ashamed to say so� �But a young fellow 

like    you   with    no   responsibility�察   �no   wife�察   �and   butcher's    billit's  quite 

another thing��'; 

     ;'Quite��' said I�察�'oh�察�quite��'; 

     ;Richard�察─  �interrupted   Ethel�察   �do   you   have   to   make   yourself   out   so 

simple�拭─�

     ;My  dear�察  �you   forget   that   I   said   I   should   invent   nothing�察  �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�察  �'is   a   typical   trustee   bond�察  �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�察�there are some six per cent bonds��' I said�察�and I pointed them 

out to him。; 

     ;'Selling   at   137   7´8�察  �you   see��'   said   Mr。   Beverly。   'Deducting   the   tax�察�

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�察�and   nobody  could   criticise   you   if 

you made it。 It's what I call thoughtless safety�察�and it brings you about 3 1´ 

2 per cent�察�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。 



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'Thoughtful�察  �because   it   requires   you   to   investigate   properties   and   their 

earnings�察  �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�察�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�察�and what a difference it would 

be   to   begin   our  modest   housekeeping   on sixty  instead of   forty  thousand 

dollars a year�察�outside of what I was earning。 Mr。 Beverly now rang a bell。 

'You happen to have come��' said he�察�'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�察  �well´ 

polished thumb´nail ran heavily but speedily down the columns of figures 

and   such   words   as   gross   receipts�察  �increase   of   population�察  �sinking   fund�察�

redeemable       at  105    after  1920�察   �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�察�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�察�and he slapped 

me on the knee。; 

     ;'That's   what   I   think��'   he   cried。   'Anyhow�察  �I   have   taken   20��000   for 

mother。 Do what you like。'; 

     ;'Oh well��' said I�察�delighted at this confidence�察�I think I can afford to 

risk what
卦指朕村 貧匯匈 和匯匈 指欺競何 壘��0�� 家��0��
酔楯荷恬: 梓囚徒貧圭�鮗� ○ 賜 ★ 辛酔堀貧和鍬匈 梓囚徒貧議 Enter 囚辛指欺云慕朕村匈 梓囚徒貧圭�鮗� ● 辛指欺云匈競何!
梁椣戻幣�� 梁心弌傍議揖扮窟燕得胎��傍竃徭失議心隈才凪万弌誌育断蛍�輌臆惨軼僑〃�燕慕得珊辛參資誼持蛍才将刮襲潜��範寔亟圻幹慕得 瓜寡追葎娼得辛參資誼寄楚署衛、持蛍才将刮襲潜填��