82 The Making of William Simmsfor it, that was responsible for his ultimateachievement. One September morning heentered the banker's office upon a routineerrand. He had been there but a momentwhen Mr. Parr was called to the telephone.Instead of dismissing the clerk,the great man directed the operator totransfer the call to his private wire, and,rising, went into the adjoining chamber—a small, sound-proof vault profanelyknown as the holy of holies. As he got upfrom his chair, the tail of his coat swept aletter from the desk.William stooped to recover it. Mr.Parr's back was turned; hence he did notobserve the action of his clerk. Nor, indeed,was there anything unusual in thataction. William replaced the letter as hewould have replaced any other, but in sodoing his eye fell upon certain brief sentenceswhich impressed themselves quiteautomatically upon his brain. In proofof William's innocence it must be saidthat these sentences held no particularsignificance for him at the time.But that night, as he sat reading hisevening paper, William came upon a paragraphwhich shed considerable light uponthe letter. The paragraph was as follows:"Wall Street is greatly interested in rumorsof a big steel merger which is saidto involve several of the largest plants inthe country. The Amalgamated peopleare reported to be backing the deal, butno confirmation of the rumor could be obtainedthis afternoon. John Parr, of Parr& Co., who in case of a merger wouldprobably be called upon to float thebonds, refused to discuss the story. Therumor reached the Stock Exchange toolate to affect prices- "William put down his paper and,leaving mommie to the conversationalclutches of the widow from below stairs,retired to his own room to think. He satdown upon the edge of the bed, took hishead in his hands, and strove to visualizethe sentences he had seen that afternoon.Slowly and in precious fragments theycame back to him:Plans—completed. The merger—an accomplishedfact. Need not impress uponyou the necessity for absolute secrecy—presenttime. Deny all rumors.Even then William did not realizethe full value of this chance information.As has been said, he had no genius forfinance. His mind worked laboriously, almostpainfully in matters of that nature.But though his thoughts in the presentcrisis were not brilliant, they were logical.After an hour of concentrated effort,William arrived at the simple conclusionthat if Amalgamated Steel were to absorbits competitors in order to control trade,the stock of the Amalgamated companywould be greatly enhanced in value. Hedecided to buy steel—on a margin.The events of the next two weeks area matter of financial history. The greatsteel merger was announced on a Tuesday.Amalgamated was then selling aroundninety-eight. Before closing time on Saturdayit had gone to two hundred andfifty. The following week it touched sixhundred dollars a share, and WilliamSimms directed his broker to sell.In twelve days he had made approximatelyhalf a million dollars.Mommie was in the kitchen preparinga frugal supper of steak and onions whenWilliam burst in upon her with the news.He had run all the distance from the subwayand up five flights of stairs, so thathis breath was only sufficient for the mainfact of the matter."We're rich, mommie! We're rich!""Oh, Will, what has happened?""The market," gasped William. "Sixhundred a share—may go higher—but Isold. Couldn't stand the strain. Steel,you know, mommie. Steel!"" Steal!" faltered mommie. " Oh, Will,how could you ""No, no, mommie ! You don't understand.It's all—honest enough. Gad!If I could only—get my breath—to tellyou ""Take a glass of water, Will. And dotry to collect yourself. You've frightenedme out of a year's growth.""Never mind, mommie. You'll getit back again. Seashore—Hot Springs—Florida—anything you like. We're rich,I tell you."Some moments later, his breath restored,William told mommie in detail ofhis astounding success. Mommie listenedin a daze, her gentle eyes fixed adoringlyupon William's animated countenance." What are you going to do with it all ? "she asked finally, in a tone of awe.
The Making of William Simms83"I don't know. Invest it, I suppose." banker, "and I'll talk to you. In the"Why don't you go to Mr. Parr, William,meantime, young man, don't buy anyand ask his advice? I'm sure he'd more stocks. Above all, don't buy anybe pleased.""Yes," said William, with a droll wink."He'd probably take me into partnership.Why—what's the matter, mommie?"more newspapers.""No, sir," said William."Logical!" muttered the banker, as thedoor closed behind William's youthful" The steak !" cried mommie. " It'll be form. " God bless my soul!"burned to a crisp."William waved his hand."We can afford it," said he.It must not be supposed that Williamwas made junior partner of the firm thatThe next morning, despite the fact that afternoon. The most that he received, inhe had scoffed at mommie's suggestion, fact, was a caustic lecture upon the follyWilliam actually did present his case to of buying stocks that seemed logical. ButMr. Parr. He had gone into the banker's the lecture occupied one hour of Johnoffice with a sheaf of letters requiring the Parr's time, which in itself was highlylatter's signature. When this small businesssignificant. William went home in awas concluded, William said: mood almost hilarious. Not only had the"I would like to speak to you for a banker promised to assist him with hismoment, sir, if you will permit me." investments, but also to keep an eye upon"Well?" snapped the banker.him in the future. Vaguely he felt that"I—I have made a little money recently,and I would like to ask your adviceas to the investment of it."he was drawing nearer to his goal."You have made a lot of money, by alucky fluke," the great man had said.The great man glanced up impatiently. "You can do one of two things. In theHis gray eyes, peering out beneath their first place, you can stop working and liveshaggy white brows, held a choleric gleam. on your income. Or you can stay here, atBut something in William's ingenuous forty dollars a week, and learn the bankingsmile aroused his curiosity.business. There is room in this office"How much have you made?""About half a million dollars," saidWilliam."The devil you have!"for a young man with brains.""Thank you, sir," said William. "I'llstay."Three months later he received an invitation"Yes, sir."to dine at the Parr residence. It" Young man ! Have you been playingthe market?""Yes, sir.""What did you buy?"was an informal invitation, extemporaneouslydelivered; but it marked an epochin William's life."Young man," said the banker, "I"Steel," said William.have taken a fancy to you. I'm getting"Steel!"old. I want some one to bear a part of"Yes, sir.""What made you do that?"my burden, some one whom I can trust.I'm not sure that you're the man, but if"I saw an article in a newspaper that you are I want to know it. Suppose yousaid there was to be a merger " come to dinner to-morrow night, and we'll"That was only a rumor !"get acquainted.""Yes, sir. But it seemed logical." , It required the whole of William's mental"Logical!""Yes, sir."powers to stammer an acceptance." Good God!" said the banker. "Logical!"A man in livery opened the door of thecastle to William. Another man took hisHe studied William for a moment in hat, coat, and stick. Still another escortedsilence, his small eyes as bright as flame.Then he said abruptly:him, in dignified silence, to a greatroom that stretched indefinitely into dull" Your name is Simms, isn't it ? " golden shadows. It was like walking in"Yes, sir.""Come back in half an hour," said thethe house of a dream.William seated himself upon a royal-
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JULYMR. SCHWAB'S VIEWS ONGOVERNMENT
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SCRIBNER'SMAGAZINEPUBLISHED MONTHLY
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CONTENTSSCRIBNER'SMAGAZINEVOLUME LX
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CONTENTSvPAGEFOR BETTER ILLUSTRATIO
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CONTENTSviiREMAKING OF FRANCE, THE
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Vol. LXVI. No. 1 J U L Y 1919SCRIBN
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Dance any time —the Victrola is a
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Xeg. U. S.Patent Otf.SCRIBNER'SFift
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Reg. U. S.Patent Ujff.SCRIBNER'SFif
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Reg. V. S.Patent Off.SCRIBNERSFifth
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nReg. U. S.Patent OJf.SCRIBNER'SFif
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SendtheSamplerand wina smile !$1-25
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BOOKNOTESConference of Czecho-Slova
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" Wells at his best — exciting an
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The two outstanding literaryevents
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The Book of the National P a r k sB
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— there are booKs here that bvill
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SIMSU.S.N.iT WAS SIMS who, under th
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Roosevelt said-"Nn oilier man in th
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(Reduced Illustration jrom The Hous
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New York StateM O H E G A Nl—Mohe
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Private SchoolsMassachusettsSea Pin
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PEDDIENew Jerseya school that educa
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TennesseeThe Oldest SchoolFor Girls
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Camps—Summer Schools Corresponden
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Drawn by Alonzo Kimball."ARRAH, DHR
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2 In Moroccoless carts, omnibuses a
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4 In Moroccorush-roofed huts in a b
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6 In MoroccoSpaniards are serving t
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From a photograph from the Service
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10 In Moroccomade grave, there are
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12 In Moroccoministers it, the Euro
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14 In MoroccoThis lovely ruin is in
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16 In Moroccolike a desert travelle
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I8Crushing the German Advance in Am
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20 Crushing the German Advance in A
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22 Crushing the German Advance in A
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24 Crushing the German Advance in A
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26Dead Men's Shoesa splendid little
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28 Dead Men's Shoesthat, and I neve
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30 Dead Men's Shoesgratifying, sinc
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- Page 96 and 97: 44 The Arctic Hospitalwoodlands and
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- Page 102 and 103: 50The Hunting of Bud Howlandwood, t
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- Page 106 and 107: 54 Mr. Boylecitement as I saw more
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- Page 122 and 123: 70 The Berlin to Bagdad Linethe gol
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- Page 128 and 129: Looking across the Euphrates.night'
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- Page 138 and 139: 86 A Theatrical Boarding-House in S
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- Page 154 and 155: FOURDOG PICTURESBy George Ford Morr
- Page 156 and 157: Copyright by George FordMorris.The
- Page 158 and 159: SWORDFISHINGBy Horace Winston Stoke
- Page 160 and 161: 108 Swordfishingthe best, would hav
- Page 162 and 163: 110 Swordfishing"Want to come along
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- Page 174 and 175: 122 The Point of Viewof a broken bu
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132 Some Thoughts on Resumption of
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Big Work Fora Big" StoreThe deliver
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BEEMAN'ScHEWING GUMORIGINALPEPSINIr
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LASTLONGFEATHERWEIGHTFLAT-KNITUnion
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More AmericanReserve PowerREMINGTON
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Take a nice, clean cup. Put half a
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D U R A N DSTEEL RACKSEquipyourbath
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Refreshing DraughtsGENERAL ELECTRJC
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Get a Pyrene onyour own cariT was l
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THEFINANCIAL SITUATIONContinued fro
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Financial Situation, continued from
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Financial Situation, continued from
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Financial Situation, continued from
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A Typical MunicipalBond OfferingTo
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Monthly Dividendsand MonthlyEarning
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Investingto theBest AdvantageDiscri
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Investments PlusConservative old Ne
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A Unique ExperienceBetween 1909 and
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Investment DiversificationTo practi
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M I L L E RS E R V I C EFor Investo
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Lackner, Butz & CompanyIntroduction
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SelectedInvestmentSecuritiesWe own
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OVERSEAS TRADEContinued from page 1
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86 Some Thoughts on Resumption of T
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88 Some Thoughts on Resumption of T
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A REGULARHOLD UPA few ounces of KAP
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There is danger intender gumsThe"Un
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OF the many common-sense featuresab
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GenuineBayer-Tabletsof AspirinAn un
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THE HOLLEY HOTELOn Beautiful Washin
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VisitYour National PlaygroundsOut W
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prest-o-litebattery"Will She Be Lat
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The Cord Tire is the tire for carsd
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PHOTOGRAPHS OF MOON CARS ARE NOT RE
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A M H OMeans Better Underwearqualit
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The Invalid in Your Home" We are de
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With the whole-hearted resourcefuln
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An Error!A comfortable five-passeng
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KEePSMILINGWITHKELLYS
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Garden HoseFACTSAboutWHAT constitut
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Vacation Landsare made more delight
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fIRE drills are good,but not infall
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It seems natural to trust to Ivory
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Go where youwill, you'llfind no bet