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Before he retired to rest, however, in the privacy of the billiard-room, I ventured to ask him: "Charles, will you unload Golcondas to-morrow?" Which, I need hardly explain, is the slang of the Stock Exchange for getting rid of undesirable securities.
As I've said before, although you two young bullies have tied me up in this fashion, you can't do anything against me. I've a power of attorney from those two old men in there, and that's enough to satisfy anybody as to my possession of their cheques and securities. I've the whip hand of you, my sons, in all ways.
Now came into existence an entire new class of philanthropists; men who were ever ready to lend their money to such of the needy as possessed property, taking judgment bonds, mortgages, and other innocent securities, which were received because the lender always acted on a principle of not lending without them, or had taken a vow, or made their wives promises; the end of all being a transfer of title, by which the friendly assistant commonly relieved his dupe of the future care of all his property.
Examine my books, enquire into the value of my securities, and thee wilt find full assurance." "Well, one of these days mayhap," says I, as if to put him off. "Nay, come at once, I implore thee; for until I am justified to my mistress, I stand like one betwixt life and death."
His creditors are pushing him hard, and I think that to-morrow his house will be in the hands of the courts. He declares that he was holding those securities to prop up his business at the last hour; but Mr. Goodwyn has admitted to me that they would have been only a drop in the bucket; that the failure was bound to come.
Your own funds I have kept invested conservatively in gilt-edged securities wholly removed from speculative influences. I knew that if I didn't get the newspaper Thatcher would, so I made every possible turn to go in with him.
"Perhaps you will think me foolish to imagine such a thing, sir, but somehow, if you had only seen his face that day you might have a little suspicion too," he said, half hesitatingly. "Meaning whom, Richard?" asked Mr. Winslow, encouragingly. "Mr. Graylock, sir." "And what day do you mean the time he brought the securities over, and it fell to your lot to place them in the vault?" "Yes, sir. Mr.
If I could have lived a few years more this would have been obviated, and possibly, even now, my book will add something to your income." He made a visible effort to speak clearly. "Now, in regard to your future support; I have a life insurance of ten thousand dollars, and securities to about the same amount and then, of course, the house.
One hundred and fifty to two hundred thousand, let us say, for the right to build tracks on Maplewood Avenue, and we sold nearly two million dollars worth of the securities back to the public whose aldermen had sold us the franchise. Is there a man so dead as not to feel a thrill at this achievement?
Because the Bank Act does not forbid it: it merely says, "there shall be transferred, appropriated and set apart by the said governor and company to the Issue Department of the Bank of England securities to the value of," etc.
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