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Updated: May 18, 2025
"Well, in this instance the old man had overreached himself, and finding it necessary to increase his working capital, he incorporated his holdings into the Cardigan Redwood Lumber Company and floated a bond-issue of a million dollars. They were twenty-year six per cent. certificates; the security was ample, and I invested for you three hundred thousand dollars in Cardigan bonds.
All he needed now was to keep cool. If he succeeded in this bond-issue matter, he could do it again and on a larger scale. There would be more issues. He turned out the light after a while and went into his wife's boudoir, where she was sleeping. The nurse and the children were in a room beyond.
"I'd sink a couple of hundred thousand in some good, safe bond-issue we've just put one out which you would do well to consider and play about with the rest. When I say play about, I mean have a flutter in anything good that crops up. Multiple Steel's worth looking at. They tell me it'll be up to a hundred and fifty before next Saturday."
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