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But at last the bough is bare Where the coupons one by one Through their ripening days have run, And the bond, a beggar now, Seeks investment anyhow, Anywhere! The Mistress commonly contents herself with the general supervision of the company, only now and then taking an active part in the conversation. She started a question the other evening which set some of us thinking.
To return to our Ruritanian loan, which we left being underwritten. The prospectus duly comes out and is advertised in the papers and sown broadcast over the country through the post. Coupons and drawn bonds are payable in sterling at the countinghouse of the issuing firm. The extent of the other information given varies considerably.
The Ruthie bride cussed out the janitor for not shooting up a dainty cabbage on the dumb-waiter, and then counted up her husband's cigarette coupons and skipped right down to the premium parlors with 'em and got him a pair of pale-blue Boston garters and a cunning granite-ware stew-pan, and then sponged lunch off Olive Dunleavy. But nothing bourgeois!"
"The facts, sir, are these: I am the unfortunate possessor of a safe here, in which, a few months ago, I deposited among less important matter sixty bearer bonds of the Japanese Imperial Loan the bulk of my small fortune and the manuscript of an important projected work on 'Polyphyletic Bridal Customs among the mid-Pleistocene Cave Men. Today I came to detach the coupons which fall due on the fifteenth; to pay them into my bank a week in advance, in accordance with my custom.
On the level, when he goes into a bank all the government bonds get up and yell, "Hello, Papa!" When he cuts coupons it's like a sheep shearing. He has muscles all over him like a prizefighter just from lifting mortgages. When Peaches and I finally reached the Hawley mansion on the hill we found there a scene of great excitement.
Quelch, stood before the looking-glass and contemplated his guilty splendour, the red necktie and the soft gray felt hat, purchased out of surplus funds. He had expended a couple of guineas in a second-class return ticket, and another two pounds in "coupons," entitling him to bed, breakfast, and dinner for five days at certain specified hotels in Paris.
Bonds are called bearer securities, that is to say, possession of them entitles the bearer to receive payment of them when drawn and to collect the coupons at their several dates. They are the usual form for the debts of foreign Governments and municipalities, and of foreign railway and industrial companies.
"Carraho!" came from behind him, and he turned to behold Alfarez, livid of face and with shaking hand, fling a handful of similar coupons after the broken cane. Without another word or a glance behind him, the Panamanian made off across the Plaza, barely in time to, escape the crowd that surged around the two he had quitted.
"In lending their money, they showed their confidence in the government, and this confidence must not be betrayed. Let the twenty-two millions of coupons be put in a package and brought to my private apartments. I wish to dispose of them."
"I hear there's a lovely ruined abbey at Fort Atkinson everybody does it; and they say, too, that the capital at Madison is a grand old structure." He gave a hitch to his light valise and moved on with a diminished smile. "Of course you've got your Cook's ticket and your meal coupons?" called Paston, grinning broadly.
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