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Updated: June 7, 2025


In obedience to a convenient theory that it is imprudent to leave money too long in one place, they were continually calling in mortgages, and re-lending the sums so collected on fresh investments, thus achieving two bills of costs on each transaction, and sometimes three, besides employing an army of valuers, surveyors and mortgage-insurance brokers.

She wrote to her relative, Augustus Adams Cabot, of Cabot, Bancroft and Cabot, in Boston, who, although still a young man, was already known as a financier, and looked out for her various investments, saying that she found young Galusha "a nice boy, though rather odd, like his father," and that she thought of taking his rearing and education into her own hands.

He tried instead to make good what had been lost in Seaboard and was always nagging Adelle to dispose of certain stocks and bonds that still remained from the investments of the prudent trust company. But Adelle was obstinate: she would not sell anything more.

My wife was afraid of it, said I'd lose every cent I put in it and we'd have to go to the poorhouse women don't generally understand about investments. But I went ahead and got the stock, and in a few years I sold out part of it for a neat sum and drew big dividends on what I kept.

Her earnings would then be for the year $200, though her wages of $5 per week would indicate that she earned $260 a year; while in fact her average weekly earnings would be for the whole year $3.84. Income is her total receipts for the year from all sources: wages, extra work, help from friends or from investments; in fact, any receipts from which expenses can be paid.

This was well illustrated in the acute panic of 1907 when an enormous open market never ceased to furnish the means by which needy sellers constantly liquidated, and the possessors of savings made most profitable investments. To have closed the Exchange during that crisis assuming it to have been possible would have been an unmixed evil.

Tom calculated that he made a clear five hundred a year by occasional journalism, besides possessing some profitable investments which he had inherited from his mother, so that there was no reason for delaying the marriage. It was fixed for May-day, and the honeymoon was to be spent in Italy. But Clara was not destined to happiness.

And so the thing was done. Jason Buford, stripped of his ill-gotten gains, left the neighbourhood of Little Africa forever. And Aunt Dicey, no longer a wealthy woman and a capitalist, is baking golden brown biscuits for a certain young attorney and his wife, who has the bad habit of rousing her anger by references to her business name and her investments with a promoter. Ten

Cousin Giles had not made much headway with her. He was large and strong with an emphatic voice, and a head of thick, strong white hair, a rather full face, and penetrating eyes. He had advised about investments, though he thought no place had the outlook of Boston. But Salem was ahead of her in foreign trade. Chilian Leverett felt very careful of the little girl.

The two young Cratchits laughed tremendously at the idea of Peter's being a man of business; and Peter himself looked thoughtfully at the fire from between his collars, as if he were deliberating what particular investments he should favour when he came into the receipt of that bewildering income.

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