The Project Gutenberg EBook of Halsey & Co., by H. K. Shackleford

This eBook is for the use of anyone anywhere at no cost and with
almost no restrictions whatsoever.  You may copy it, give it away or
re-use it under the terms of the Project Gutenberg License included
with this eBook or online at www.gutenberg.org


Title: Halsey & Co.
       or, The Young Bankers and Speculators

Author: H. K. Shackleford

Release Date: June 29, 2007 [EBook #21963]

Language: English

Character set encoding: ASCII

*** START OF THIS PROJECT GUTENBERG EBOOK HALSEY & CO. ***




Produced by Richard Halsey




HALSEY & Co.;
OR, THE YOUNG BANKERS AND SPECULATORS

By H. K. SHACKLEFORD

CHAPTER I.--"I'll Shoot!"

Mr. Barron, the rich banker in Broad street, was seated at his desk in
his private office one day when the door was opened by the porter, who
said:

"There's a newsboy out here who says he must see you, sir."

"Go and tell him to let you know what he wants. If it's a situation,
tell him we have none vacant."

The porter went back to the outer office. In a minute or two the door
opened again and the newsboy entered and closed the door behind him. The
banker recognized him as the boy who had brought him the afternoon
papers daily for a year back.

"The bouncer told me to go away, sir," the boy said, doffing his hat as
he spoke, "but I knew my business better than he does. There's a couple
of men putting up a big job on your bank, and I knew if I didn't tell
you about it they'd scoop you for a big pile."

The banker wheeled his chair around so as to face the boy, and laid his
gold glasses on the desk.

"Who are they, and how did you find out about it?" he asked.

"I don't know who they are, but I found it out by overhearing their
talk."

"What is their plan?"

"A forged check."

"Whose name is forged?"

"I don't know, sir. They had a genuine check and were comparing it to
the forged one. They said it was perfect and would be paid if presented
when the cashier was busy."

"Ah! I see. That means a little before three o'clock. Now, my boy, do
you think you could point them out to a detective when they come up to
the cashier's window?"

"Yes, sir."

"Not afraid of them, eh?"

"No, sir. I am not afraid of anybody."

The banker smiled, reached over on his desk and tapped a small bell. The
door opened and a messenger appeared.

"Tell Caruth to come here," the banker said to him.

The messenger disappeared, and a few moments later the bank detective
came in.

"Caruth," said the banker, "this boy tells me he overheard two men
plotting to present a forged check to-day. Take him out there with you
and arrest the man he points out to you. Let the man get the money,
though, so as to make a good case against him."

Caruth looked at the boy and said:

"I know you by sight. What's your name?"

"Fred Halsey."

"Well, go along with him, Fred," the banker said to him. "It may be a
bad business if you make a mistake."

"Come on, Halsey," and the detective led the way out into the public
hall of the bank.

Fred followed him, and the two were soon in a crowd of people, who were
coming and going all the time. Caruth took up a position near the
cashier's window where he could see every man who stopped there. Fred
stood by his side and closely scanned the faces of those who came and
went.

More than an hour passed, and still they stood there on the watch. The
detective was used to it, but Fred had been more active, and he began to
wish the men would come along. Suddenly he nudged Caruth with his
elbow--nudged him good. Caruth leaned over till his face was on a level
with Fred's.

"That's him--the man in the gray ulster."

Caruth looked up and saw a man in a gray ulster and with gold glasses
on.

"Do you see the other one?" he asked.

"No, I don't see him."

"Well, look for him. Sure you have the right man now?"

"Yes. That's one of 'em."

Caruth did not pretend to look at the man in the line. But he kept him
in view all the time. The man finally got up to the window and presented
a check. The cashier looked at the check and then at the endorsement. He
gave the man a hasty glance and then began counting out a large sum of
money, using bills of large denomination to expedite the counting. He
handed out the money and the man gathered it up and was putting it into
his pocket when Caruth laid a hand on his arm and said:

"The president of the bank wants to see you in his private office a few
moments."

Suddenly, and without any warning, the stranger kicked Caruth's feet
from under him, and he fell heavily on the tiled flooring, his head
striking it so hard that he became instantly unconscious. The stranger
made a break for the street entrance. Quick as a flash Fred Halsey
sprang forward in front of him, darted between his legs, and caused him
to fall forward on his face. The man was quick, though, and caught on
his hands. He was on his feet again in an instant. Again Fred darted
between his legs and threw him. This time he rolled completely over and
Fred saw the handle of a revolver protruding from a hip pocket. He
grabbed it, cocked it, and held the muzzle within a foot of the forger's
head, saying:

"I'll shoot!"

The man lay still, glaring at the black muzzle of the weapon like one
confronting a ghost. Mr. Barron heard the noise of the three falls, and
rushed out of the office in time to see Fred aim the revolver at the
head of the forger.

"Arrest that man!" he cried. "He is a forger."

A forger is the one criminal most hated in Wall Street, and as soon as
it was announced that he was one, the stranger was instantly surrounded
and captured. A policeman came in from the street and put the nippers on
him.

"Bring him into my office, officer," said the banker. "He has a lot of
the bank's money in his possession."

The officer took him to the president's room, and Fred followed, with
the pistol still in his hand. He was searched, and the money found in
his pocket. The cashier brought in the check and said he did not believe
it was forged.

"Send for Mr. Manson and see what he says about it," suggested the
banker.

Manson was a rich broker, whose name had been forged to the check. He
was found at his office and came over to the bank immediately. Taking
the check, which was for $10,000, he made a close examination of it.

"I never gave that check to any one," he said. "It is a forgery, but
such a good one that ordinarily I would not be able to detect it
myself."

"I took it in good faith," said the stranger. "Can you swear it was
forged?"

"Yes, for I have given out no check for that amount to-day."

"The date is nothing. Is that your signature?"

"It is very much like it, but I did not write it, nor did I ever give a
check to any such party."

"You will swear to that?" Barron asked him.

"Yes--a thousand times."

"Then I'll take the responsibility of the man's arrest and prosecution.
You may take him away, officer."

The policeman led his prisoner out, and a dozen prominent brokers got
around Barron to congratulate him on the arrest. Barron looked around
and saw Fred standing near the door, still holding the revolver in his
hand.

"Ah! There's the one to whom I am indebted for the arrest," and he went
over to where Fred was standing, extended his hand to him, and added:

"He not only came and gave me warning, but actually made the arrest
himself. Caruth, our detective, was hurt, and the forger would have
escaped but for this boy here," and he, wrung Fred's hand as he spoke.

"That's so," remarked a broker, shaking Fred's hand. "I saw the whole
business myself, but didn't know what it meant. Shake, my dear boy," and
he gave him a hearty handshake. A half dozen others followed, and one
said:

"Here, let's set him up. We want to encourage boys like him," and he
drew a ten-dollar bill from the inside pocket of his vest and laid it on
the desk. "Cover that with as much as you please, gentlemen."

Seven other laid down similar amounts, and Barton remarked;

"Whatever you give, gentlemen, I'll double it."

"Very good," said another, putting down a ten. "We'll all chip in."

The sum of $130 was laid on the desk while Fred stood there looking on,
with his heart way up in his throat.

"Now, Fred Halsey," the banker said to the newsboy. "I am going to
double this sum, giving you two hundred and sixty dollars. What are you
going to do with so much money?"

"Set up a bank of my own," was the prompt reply at which the banker and
the brokers broke into a roar of laughter.

"Gimme ten dollars," Fred said, "and keep the rest in the bank for me."

"Very well; here's the ten," and Fred took the bill and went out on the
street, feeling richer than ever before in his life.


CHAPTER II.--Halsey & Company.

Fred Halsey was a sturdy youth of sixteen whose father had died when he
was but ten years old. He was a manly little fellow who knew how to take
care of himself in his career of newsboy. He had laughing blue eyes and
a handsome face, while his mouth showed that he possessed a dauntless
spirit. His mother died long before his father did, and he and his
little sister lived with an aunt--his mother's sister--who was a
childless widow. She was a mother to him and Adah, who was two years
younger than Fred, a pretty blue-eyed little miss with golden hair and
pearly teeth.

She did washing, and Fred sold papers, while Adah was a cash girl in one
of the big stores on Grand street. Even then it was but a poor living
for them in the great city, where grasping landlords demanded rent money
with the regularity of the almanac. When Fred Halsey went out of the
bank with ten dollars in his pocket and $250 more in the bank behind
him, he had a feeling in his heart he never had there before. The whole
world seemed opened to him. Rich bankers and brokers had shaken hands
with him and praised him for what he had done.

"And I'm rich now myself," he said to himself, as he darted up toward
Broadway. "Whew! I'm rich! I'm rich!"

"Hello, Fred!"

"Hello, Bob! Where are you going?"

"Up to the telegraph office."

"I'm going that way, too," and he went along with Bob Newcombe, a
messenger boy in Broker Manson's office, who was his chum and friend,
and about the same age as himself.

"Sold all your papers?" Bob asked.

"Yes, all I am going to sell to-day,"

"Made enough to stop on, eh?"

"Yes."

Bob laughed and remarked:

"If I had a hundred dollars I could make three hundred in a week."

Fred started.

"How?" he asked.

"Big deal going on in the Stock Exchange. Heard 'em fixing it up in the
office this morning."

"What is it?"

"Corner in B. & H."

Fred had been selling papers in Wall Street long enough to be familiar
with all the terms used by brokers and bankers. He knew all about "puts"
and "calls," "bulls" and "bears," and had read eagerly the stories of
fortunes won or lost in the mad whirl of speculation down there.

"Sure you could make it, Bob?" he finally asked of the messenger boy.

"Of course I am. I've seen it done many a time. When three or four big
brokers club together to boom a stock it booms, and then the lambs lose
their fleece."

"But wouldn't you be a lamb and lose your fleece, too?"

"No. I wouldn't buy when it had boomed. I'd buy before and sell when it
went up."

They entered the telegraph office, and Bob sent off the message he had
brought, after which they went out on the street again.

"What's B. & H. going at now?" Fred asked.

"It's going at forty-seven. It will be up to fifty to-morrow when the
Stock Exchange closes."

"How do you know that?"

"Mr. Manson is going to buy up all the stock. He has millions behind
him. The stock will go up, up, up, till it topples over on the lambs.
Oh, I've seen it done a dozen times. If I had one hundred dollars, I'd
put it up on ten percent margin--every dollar of it--and scoop in three
hundred dollars inside of a week."

"Say, Bob, I've got the 'scads.'"

"Eh! Huh?" and Bob stopped and stared at him.

"I've got the 'chink,' the 'rhino,' the hundred dollars," and Fred told
him the story of what had taken place in the bank but a short half hour
before.

Bob was staggered.

"Git a hundred quick, Fred. Mr. Tabor will buy on a margin for us."

"Come on. I'll do it," and Fred hurried back to the bank and sent word
in to Mr. Barron that he wanted $100 more of his money.

It was sent out to him, and he and Bob ran round to Broker Tabor's
office. It lacked but ten minutes of three o'clock.

"Mr. Tabor, will you buy on a margin for us?" Bob asked the broker.

"Hello, Halsey!" exclaimed the broker, on seeing Fred.

"Hello, sir," returned Fred, seeing he was one of the brokers who had
given him the money in Barron's office.

"Yes. What is it you want bought?" the broker asked Bob.

"B. & H., sir."

"All right; where's your money?"

"Here it is," said Fred, handing him the money.

"Going into business, eh?"

"Yes, sir."

"Well, what name shall I use?" and Tabor took up his pen to write a
receipt for the money.

"Halsey & Co.," said Bob. "I don't know whether Mr. Manson would like to
have me do such a thing, so put it that way. It's Fred's money, too."

The broker laughed, wrote the receipt, and handed it to Fred, with the
remark:

"You will soon learn how easy it is to lose money in Wall Street."

"When a man loses, somebody wins," Fred replied, and Tabor never forgot
the remark, for he had reason to remember it ere he was a year older.
The two boys went out and Bob said, when they reached the sidewalk:

"I've got to go back to the office, but won't have to stay long as it is
nearly three o'clock. Come along and wait for me."

Fred went with him and waited downstairs at the street entrance for him
while he was standing there. Manson, whose name had been forged to the
check which Fred had been instrumental in stopping, came down the
stairs, accompanied by a tall, white-haired old man.

"Ah! There's the boy now, general," said Manson, on seeing Fred. "He
threw the villain twice and then held him with the revolver till others
secured him."

"Well, really, my lad," said the general, extending his hand to Fred. "I
honor courage wherever I find it. Shake hands with me. I am glad to know
you."

Fred shook hands with the old man without uttering a word, the meeting
taking him quite by surprise. Just as he was going to speak several
brokers came up and shook hands with the general, and he was forgotten.
In a little while Bob came down, and the two went away together.

"See here, Fred," Bob said, "we must not say a word about this thing. I
got the tip in the office, you know."

"Yes, I know."

"At 47 one thousand will get 21 shares." Bob continued. "Par value is
100. They will try to run it in to that; if they do, we'll make more
than $300."

"But if it goes backwards or down instead of up, we won't know what hit
us," remarked Fred.

"That's true. But it's going up," said Bob, with a good deal of
emphasis. "I have seen it done before, and know just how it works."

They walked up to Broadway and turned toward the City Hall. All the
newsboys knew them, and, as a late edition of the afternoon papers had
an account of the arrest of the forger, in which Fred's name was
mentioned, some of the boys ran to him to ask him about it. The account
said nothing about the money that had been given Fred, so he felt
relieved. Of course he had to stop and tell them about it. While he was
doing so a man came by and asked:

"Do any of you know a newsboy named Fred Halsey?"

"Yes, I do," replied Fred very promptly, ere any of the others could do
so.

"Where can I find him?"

"Oh, he's around somewhere, He never stops long in one place," and he
winked at the boys as he spoke.

They all understood at once that Fred did not wish them to give him
away, and not one would have done so under any circumstances.

"I'd like to give one of you a dollar to find him and point him out to
me."

"Show us your dollar and I'll tell you how to find him yourself," said
Fred.

"Here's your money," and the man handed him a dollar bill. Fred took it
and said:

"That cop over there by the Astor House corner is his dad. Just go over
there and stand there a while and you'll see him come up to the old man.
He meets him there about this time every day."

The man, who seemed to be in earnest, seemed half inclined to doubt what
Fred had told him.

"Is that so, boys?" he asked, appealing to the boys.

"Yes!" the entire crowd sung out.

He turned away and walked over to the Astor House corner.

"What's yer givin' 'im, Fred?" one of the boys asked.

"Whist!" half whispered Fred. "He's a pal of that forger and is looking
for me to do me up. Come on and we'll eat up this dollar," and he led
the way to a fruit stand up beyond the City Hall, where he spent the
money the man had given him for bananas for the boys.

"Well, that was the slickest thing I ever saw done," said Bob. "Why
don't you have him arrested and sent to join the other fellow?"

"Got no proof on him."

"You said he was his pal."

"Yes, but I couldn't prove it, only my word for it, that's all. He wants
to lay me out for giving the snap away."

"How do you know he does?"

"Do you think he wants to thank me, give me a new suit of clothes and
invite me to dine with him at Del's?" and Fred gave the least tinge of a
sneer to his tones as he spoke.

"Well, hardly," Bob replied, laughing good-naturedly. "It is well enough
to know what the fellow wants, though."

Fred did not reply, and Bob added:

"He'll find you out, anyway."

"Yes, so he will. Better go back and see what he wants. I'll go with
you. He can't do us both up."

"Come on. Let's go and see if he is there," and the two young friends
turned and made their way back to the Astor House where they had sent
him.


CHAPTER III.--The Thief in the Stock Exchange.

When the two boys arrived at the Astor House corner, they failed to find
the man there. While looking around for him he came up to Fred, laid a
hand on his shoulder and said:

"It was a neat little game you played on me. Where does the laugh come
in?"

Fred laughed and asked:

"Where were you born?"

"Right here in New York."

"Must have got lost then. What do you want of me?"

"I am a detective and have been on the tracks of a band of forgers for
months. I see in the papers that you helped bag one of them to-day. You
gave warning to the bank. That's what I want to see you about. There is
a big reward up for the arrest of the gang. If you can give me any
information that may lead to the arrest of any of them you can have one
half the reward."

"Not much I won't," Fred replied, shaking his head. "I can arrest the
whole gang myself and get all the reward."

"That's all nonsense. You can't arrest any man. You're but a boy yet."

"Yes, that's so. But I got one of 'em to-day. I could call that cop over
here now and get another but I am not ready for you yet."

"What do you mean?' the man asked, turning pale with a frightened look
in his eyes.

"I mean I am on to you."

"How on to me?"

"Oh, you make me tired. I got your pal to-day. Look out I don't get you
to-morrow."

The look of amazement on the man's face was a picture. Fred looked up at
him and laughed. Then he turned away and went over across the street, as
if to speak to the policeman there. The man hurried across Broadway, and
was lost in the crowd surging along Park Row.

"That was a good scare you gave him, Fred," Bob said, as they walked on
up the street.

"Yes. I knew it would be. I wouldn't tell him how I got onto his game.
That's what he wanted to find out."

"You have got to look out for him after this."

"I am going to do that."

They went up Broadway to Grand street, and then turned toward the
Bowery. Both lived on the east side, above Grand street, in the densely
populated districts where rents were cheap and everybody poor. Adah had
not come in from the store. His aunt was very tired from the labor of a
hard day's wash, and therefore not in the best of humor.

"What brought you home so soon?" she asked, looking at him.

"Just to make you stop work. You are killing yourself, aunt."

"Would you tell me which is the best way to die--of hard work or
starvation?" she asked.

"Oh, we are not going to die for a long time yet. You'll marry again,
and we'll all be rich."

She straightened herself up by the side of the tub and glared at him.

"What's the matter with you, Freddie?" she asked. "Are you sick, child?"

Fred laughed and said:

"Not sick, but tired."

"Well, so am I, and all poor people, as for that matter. Did you give up
selling papers and come home to rest?"

"No, aunt. I came home to give you a rest. Just look at the color of
that, and tell me what you think of it," and as he spoke he laid a
ten-dollar bill on the corner of a little table near where she stood.

She glanced at the bill and almost gasped out:

"Ten dollars! Fred Halsey, where did you get that money?"

"Downtown, aunt. Does it relieve that tired feeling to look at it?"

"Whose is it? Why don't you tell me about it?"

"It's yours, every cent of it, and I've got fifteen more bills of that
size in the bank."

The good woman dropped down into a chair and glared at her nephew. Fred
went to her, put his arms about her neck, kissed her and said:

"I've had good luck to-day, aunt. Just read that and you will understand
it all," and he gave her a copy of an afternoon paper in which was the
story of the capture of the forger in Barron's bank.

"And they gave you this money for what you did?" she exclaimed, when she
had finished reading it.

"Yes. They just chipped in and gave me a pile of money. I left all in
the bank but this, which I wanted to give to you. And you can have every
cent of the rest whenever you want it--you and sister."

"Oh, you dear, good boy!" she exclaimed, her eyes filling with tears as
she caught him in her arms. "I knew you would always be good to me."

"You've been a mother to us, aunt, and I'll never go back on my mother!"

Adah came home from the store tired and hungry. At supper her aunt told
her of Fred's adventure and good fortune. She sprang up and danced
around the room in her joy and then kissed him a half dozen times.

It did seem like an enormous sum to her a girl of but fourteen summers.

"What are you going to do with it, Fred?" she finally asked.

"Give it to aunt and to use for you and herself."

They all had pleasant dreams that night. Fred dreamed of the big fortune
made in Wall Street; and Adah dreamed that she was no longer a cash girl
in a big store, but wore fine dresses and rode in a carriage. The next
morning, however, Fred ate early and hurried off downtown to sell
papers, and Adah was at the store at her usual hour. Fred delivered to
all his Wall Street patrons and then sold on the street to passersby all
the morning. He was all around the Stock Exchange, for there he found
the most customers. Inside the Stock Exchange he heard the brokers
yelling like so many lunatics. That was so often the case, however, that
he gave it little thought. But soon he saw Bob Newcombe, Manson's
messenger, come out in a great hurry and dart off down the street.

"Guess Manson is busy inside," he said to himself as he kept his eyes
open for customers.

In a few moments Bob came running back. He ran up against Fred.

"Just go up in the gallery and see how B. & H. is climbing up, Fred," he
said to him.

"How much has it gone up, Bob?" Fred asked him.

"Five points, and that means $100 for us," Bob replied.

"Whew!" and Fred whistled.

Bob dashed into the Exchange by way of the side entrance on New street
and disappeared from view.

"Guess I'll go up in the gallery and look on a while," Fred said to
himself. "Here, Mugsey, you can have my papers," and he turned over
about one dozen papers to an ugly little newsboy whom the others called
Mugsey.

The little fellow was astonished.

"Do yer give 'em ter me, Fred?" he asked before taking them.

"Yes. I'm done for the day."

Fred found quite a crowd of people up in the gallery, and among them a
party of ladies from out of town. They were sightseeing. But there was
nothing new to him up there. He wanted to see Broker Manson and watch
the rise of B. & H. stock. It took him some time to find Manson in the
moving mass of yelling brokers on the floor below. But he finally found
him, and for half an hour never took his eyes off of him. He heard him
offering fifty-three and finally fifty-four for B. & H. It has thus gone
up seven points since the day before.

"Bob was right," he said. "He knew what he was about. B. & H. is
climbing right up to the top. Hanged if I don't put in another hundred!"
and he ran down and out into the street like a young lunatic. In five
minutes he had put up another hundred dollars with Broker Tabor for
Halsey & Company to buy more B. & H. stock on margin. The stock was
bought immediately at 54 1/2-eighteen shares.

That done, Fred returned to the Exchange and watched proceedings from
the gallery. He kept his eyes on Broker Manson. The big broker was
buying the stock at a tremendous rate, all that was offered him. People
were coming and going all the time. Fred finally turned to look at a
young girl whose voice sounded like music in his ears. She was close by
his side. She was accompanied by an elderly couple, evidently her
parents. He thought her very beautiful and that she had the most musical
voice he had ever heard.

She changed positions several times as though looking for somebody on
the floor below. He noticed a tall, well-dressed man keeping close
behind her, peering over her shoulder at the crowd below. Something in
his movements caused Fred to look at him the second time, and to his
amazement he saw him pick the pockets of both the ladies. The thief then
started to leave, but Fred grabbed his coat-tail, saying:

"Here, I saw that little game. It won't go. Ladies, this man has got
your pocketbooks."

Quick as a flash the thief grabbed him and lifted him above his head.
Fred saw he was going to be hurled headlong among the brokers below, and
to save himself seized his assailant's coat collar. The two ladies
screamed, and the next moment Fred and the pickpocket fell over the
gallery and went down in a heap on the yelling brokers below.


CHAPTER IV.--Fred's First Entrance to the Exchange and Its Results.

The screams of the ladies caused every broker to look up from the floor
of the Stock Exchange. Like a flash they saw a man and boy come tumbling
down upon them from the gallery. There was a party of four brokers
grouped together immediately under them, and, as a matter of
gravitation, they landed on top of them--on their heads and shoulders.
Hats were crushed and a confused mass of humanity scrambled about on the
floor. The yelling ceased when the shrill screams from the gallery were
heard, and brokers ran forward to help those who had fallen. The
pickpocket struck out desperately, trying to shake off Fred. In doing so
he hit Broker Bryant in the face. Bryant was a hard hitter himself, and
instantly returned the blow--a half dozen or more.

"Blast you, take that!" he hissed, and he gave him lightning-like blows
till he sank down on the floor unconscious.

"Won't somebody hold him?" Fred cried out. "He's a pickpocket!"

"Who is he?" somebody asked Bryant.

"I don't know and don't care," was the blunt reply. "He hit me in the
face after tumbling down on my head."

By this time the policeman on duty at the Stock Exchange pushed his way
through the crowd of brokers and called out:

"What is it? What's the trouble here?" and he looked at the pickpocket,
who was slowly pulling himself together.

"This man is a pickpocket," said Fred. "He took those ladies' purses up
there, and when I caught him at it he tried to throw me over the
gallery. He did throw me, but I brought him down with me."

"Good--good!" cried a broker. "Three cheers for the kid!"

The brokers cheered and then laughed.

"I am no pickpocket," exclaimed the thief, as soon as he saw the officer
had him. "The boy lies. I merely---"

"Officer, search him!" cried the elder of the two ladies up in the
gallery. "He has my purse and that of my daughter."

"Yes, search him! Search him!" called out a dozen at once.

Brokers held him and the officer searched him. He found the two purses
or pocketbooks in his pockets.

"That one is mine!" cried the elderly woman.

"What does it contain, madam?" the officer asked.

"Money and two diamond rings. You can open it and see for yourself."

It was opened and her claim verified.

"Madam, you will have to appear against this man," said the officer,
looking up at the elderly lady, and he led the prisoner out of the Stock
Exchange and into one of the many offices of the building.

The lady, accompanied by her husband and daughter, appeared in the room
and claimed her property. The young girl, who seemed to be about sixteen
years old, turned to Fred and said:

"We are indebted to you for recovering our purses. I hope you were not
hurt by the fall?"

"Only a little bit," he replied.

"I'm so sorry!"

"Oh, it's nothing," and he laughed. "It was fun to jerk him over with
me."

Then she laughed, too, and Fred thought hers the sweetest face he had
ever seen in all his life.

"What is your name?" she asked him.

"Fred Halsey."

"My name is Eva Gaines. I want to remember your name, for I never had
such a fright in all my life."

"I'll be sure to remember yours," Fred remarked.

"Why will you? Because you were hurt?"

Fred looked around and saw that everybody also in the room was listening
to the claiming of the two purses, so he went close up to her and said
in a half whisper:

"Because you are the most beautiful girl I ever saw."

"Oh, my!" and her face flushed and eyes sparkled.

Young as she was, she was woman enough to know that it was honest
admiration on the part of the youth. Fred seemed half frightened over
what he had said and drew back. But she gave him a look and a smile that
told him plainly he had not offended. He was going to say more to her,
but at that moment her father turned to her, saying:

"Here, daughter, your purse is yours again," and he held it out to her.

She took it, opened it quickly and glanced at its contents.

"Young man," said Mr. Gaines, turning to Fred, "you've got the right
stuff in you," and he extended his hand, which Fred grasped and shook.
"I won't forget you. I have a brother who is a member of the Stock
Exchange, and I want send your name to him. What is it?"

"I have his name, father," said the young girl.

"Ah, very well, then," and he gave Fred's hand another shake and turned
away.

But he left a $20 gold coin in it, which Fred's fingers closed over very
promptly. The next moment they were gone. Fred put the goldpiece in his
pocket, while the thought flashed through his mind that the young girl
was all gold herself. The officer took his name and address as a
witness, and then led his prisoner away to the police station. Just as
he was leaving the room a broker called out to Fred:

"That man will never forgive you for his arrest. He will set some
friends of his after you, so you had better be on your guard."

"I'm on my guard all the time, sir," Fred replied.

"What is your name?"

"Fred Halsey."

The broker wrote the name on his cuff and then went out of the room.
Fred thought nothing of the incident, and went out a moment or two later
himself, going to the street, hoping to see Bob and find out how B. & H.
was doing. Out on the street he found that nobody had heard of the
pickpocket's arrest in the Exchange building.

"I am $20 in on that racket, anyhow," he said to himself as he walked
around to the side entrance of the Exchange. "I would like to do as well
every day in the year. Lord, but she is a beauty!"

He was thinking of the girl. Somebody ran into him and the two came near
going down in a heap together.

"Hello, Fred! I'm in a hurry!" exclaimed the other.

It was Bob!

"Well, don't you know me well enough not to try to run over or through
me? You can save time by running around me every time."

But Bob was off like a flash, and Fred judged by that B. & H. was
humming, for Manson was booming it and Bob was his messenger. Seeing two
brokers talking near the New street entrance, Fred went over near enough
to hear one say:

"It will go to 70 to-morrow and somebody will be burnt."

"Yes, I think so, too,"

The Exchange closed for the day, and Fred went around to meet Bob again.
He met Manson at the foot of the stairs, his face flushed from the
excitement of his tremendous battle in the Exchange.

"Ah!" the big broker exclaimed. "I see you caught another thief to-day.
Why don't you turn detective? It seems to be your forte."

"I'd rather be a broker, sir," Fred replied.

"A broker, eh?" and Manson looked him full in the eyes. "Think you have
nerve enough for that?"

"Yes, sir. I've got nerve enough. It's money I want."

Manson laughed and shook his head.

"We all want money. That's what we are here for. But there are more
losers than winners."

"What one man loses another one wins," said Fred.

"Of course, but one man sometimes wins from a thousand at one turn, so
you see there are always more losers than winners," and the big broker
went on up to his office, leaving Fred at the foot of the stairs waiting
for Bob.

He was quietly waiting there and watching people come and go when he was
startled by a cry above. He glanced up and saw some one falling from the
upper floor and sprang aside just in time to escape being crushed. It
was a messenger boy from Broker Tracey's office.

"Oh, Lord!" gasped Fred. "He must be killed!" and he sprang forward to
pick him up.

The boy was unconscious. Instantly a dozen brokers were on hand to
render aid. Broker Tracey came running down to see about him and get the
telegram the boy was sent out with. Bob came hurrying down too.

"This is too bad," said Tracey. "I am sorry. He is a good messenger.
Janitor! Janitor!"

The janitor came and by that time the boy had recovered consciousness.
He groaned in agony. The physician, whose office was in the building,
examined him.

"Left arm and leg broken," he said.

"Lord, but I am sorry. Doctor, take charge of him, see him through and
send your bill to me. Tom, my boy, your pay shall go on just the same.
See if anything is wanted, janitor, and get it for him. Where is the
telegram, Tom?"

"In my pocket, sir," said Tom, white as a sheet.

It was found and given to the broker, who turned to Bob and said:

"Please send that off for me, Bob, and if you know of a boy who can make
a good messenger send him to me in the morning."

"Hello, Fred! This is the place for you!" and Bob grabbed Fred by the
arm and forced him around in front of Tracey. "Here's the one you want,
sir--Fred Halsey."

"All right; come here to-morrow morning."

So the next morning Fred went to Tracey's office and was engaged as
messenger. During the day B. & H. went to 87 and Fred as soon as he was
sent on an errand stopped in at the bank and bad his shares sold for
Halsey & Co.

Bob was getting $6 a week as messenger for Tracey and it pleased his
aunt greatly. The next day Tabor gave Bob a statement for Halsey & Co.,
showing a net profit of over $1,200, which he placed to their credit.
Fred and Bob were standing under the gallery of the Stock Exchange in
the place allotted to messengers, when Broker Keeley gave a howl and
sprang at the throat of Broker Gaines. They fell to the floor. The old
man turned his eyes toward Fred. They seemed to pop out of his head for
the maniac was choking him.

"I can't stand that!" cried Fred, and the next moment both his hands
were in Broker Keeley's hair. He let go the old man's throat, and a
dozen brokers ran in to separate them and quell the row.

Next day Fred said to Bob: "I met Gaines's typewriter just now and she
said Mr. Gaines had not been to the office since his row with Broker
Keeley. The clerk who is running the office insulted her and she wants
to leave."

"By George!" answered Bob, "Bryant's girl has just asked me to find a
place for her. What did you tell Callie?"

"I told her I would look out for her, and I will."

During the day Fred got a place for Callie with Broker Tabor, and Bob
secured a temporary place for Bertie Clayton in old Broker Bowles's
office.

The day after the two boys met the girls in a restaurant, and Callie
told Fred of a tip she had come across. It was Pacific Mail, and it was
going to be cornered.


CHAPTER V.--The Typewriter Girl's Tip.

Fred and Bob came away from the restaurant with the two girls, going
toward Wall Street. Fred asked Callie several questions about the deal
she had mentioned.

"I'll make a note of what I can find out," she said to him, "and let you
know after 3 o'clock."

"But be careful and let no one else know it," he replied.

"Oh, I can keep a secret even if I am a girl," and she left him on the
corner of Nassau and Wall to go to the bank.

Fred clutched Bob's arm when the two girls were gone, and said:

"Callie says a big corner in Pacific Mail is being made up in Barron's
office."

"By George! Is it straight, do you think?"

"Yes. She says she'll make notes and give 'em to me. She let it out by
saying if she had any money laid up she could make a pile out of Pacific
Mail. I soon got the whole thing out of her."

"When will you see her again?"

"After three o'clock."

It was a little after three o'clock when Fred saw her come out of the
bank. He went to meet her, and she said to him:

"Bryant is going to do the buying--begins to-morrow. You won't tell any
one that I told you?"

"No; that would never do."

She lived over on the west side, and had a widowed mother and little
brother to support. He walked nearly all the way home with her. Bob went
uptown with Gertie Clayton, and did not see Fred again till the next
morning.

"I am going to buy Pacific Mail, Bob," Fred said to him.

"Go ahead then--for Halsey & Company--the whole pile."

Pacific Mail was going that morning at 52. Fred went to Tabor and asked
him to buy Pacific Mail on 10 per cent margin. Tabor gave a start,
looked keenly at him for a moment, and then asked:

"Why do you buy that stock?"

"I heard a man tell another one it was safe to try it."

"Give me his name."

"No, sir. Will you buy it for me?"

"I'd rather not do it," and he shook his head.

"Oh! Then I'll try somebody else," and Fred went away with a check for
$1,200 in his pocket.

He went over to Bowles' office, and arranged with the old man to buy for
him 230 shares at 52. The old broker had the shares bought inside of ten
minutes. By twelve o'clock Fred saw Bryant buying all that he could get
hold of, but there were thousands and thousands of shares on the market,
and he had bought 10,000 ere there was any signs of life in the deal.
Then it began slowly to advance. It closed with an advance of one point
on the first day. But the next day saw it go up three points, and the
brokers in the Exchange began to hustle. It was an immense concern and
the shares were in every broker's hands. But Bryant gathered them in by
the thousand at a time. On the third day it was up to sixty, and Fred
met Callie at lunch to tell her she had got the thing down fine.

"Oh, if I only had some money to put up!" she said.

"You have got ten per cent interest in my little pile," he said to her.

"What! Just for the tip?"

"Yes."

"Oh, my! I could give you tips almost every day."

"Wall Street is always full of tips," and he laughed. "Such a thing as
this, though, comes but once or twice a year."

"B. & H. was a big thing for some of the brokers," she replied.

"Yes, and a very bad one for a number of them, too."

"Do you know, I think Mr. Gaines was badly squeezed in that deal?"

"Ah! I saw him nearly choked to death by that fellow who lost his head.
If I had not interfered he'd have been killed."

"Oh, was it you?" and she opened wide her blue eyes.

"Yes--why?"

"Why, he has sent down to the office instructing the clerks to try to
find out who it was. His niece, Miss Eva Gaines, called at the office
and spoke to me about it."

Fred opened his eyes in astonishment.

"She is such a sweet girl," added Callie, "I promised to let her know if
I ever found out who it was. Why, he might give you a gold watch or
something. Who knows?" and she laughed merrily as she told him the
story.

"Well, I am surprised," was all he could say.

"What shall I say to her when I see her or write to her?" Callie asked
him.

"Tell her what you please."

They left the little restaurant together and did not meet again till the
same hour the next day. Then Pacific Mail was going at 66 and the
brokers were again in a furor. Coming so soon after the panic caused by
the corner in B. & H. shares, it caused a general interest throughout
the city.

"I wrote to Miss Gaines yesterday," Callie said to him, "and told her
that you--Fred Halsey--was the one who had saved her uncle's life in the
Stock Exchange, and you may expect a sweet-scented note of thanks from
her at any moment."

On returning home from lunch Fred found the excitement in the Exchange
greater than ever, the shares had bounded up to 72. He went to the
office and found Tracey out.

"He is around at the Exchange," the head bookkeeper said to him. "Go and
report to him at once."

Tracey was howling like the rest of them when Fred touched him on the
arm and said:

"I am ready for duty, sir."

"Ah! Find Manson and bring him to me--quick!"

He looked about among the brokers, but failed to find him. Meeting Bob,
he told him Tracey wanted to see Manson.

"He is in his office," Bob replied.

"I'll go after him then," and he darted out of the side door of the
Exchange and hurried around to Manson's office.

"Mr. Manson," he said, "Mr. Tracey told me to bring you to him at once."

"When did he tell you?"

"Just two minutes ago in the Stock Exchange."

Manson arose, put on his hat and went out. Fred followed him, and both
were soon in the midst of the frantic mob of brokers again. Bryant was
the coolest man in the whole crowd. He knew what he was there for and
kept taking all the shares that were offered him. Fred saw Manson and
Tracey meet and go under the gallery for a few moments' consultation. He
kept an eye on them, for he was not sure of their connection with the P.
M. combine. By and by they went out and he followed. In the crowd on the
street he lost sight of them. Then he went back to the office and told
the head clerk.

"Wait here and see if he returns," said the clerk, and he did so.

The broker came back a few minutes before the Exchange closed and sent
Fred to the bank with a big check to deposit. After depositing the check
he turned to look into the president's room. Barron was out, but he saw
through the glass door that Callie was idle. She caught his eye and came
out to speak to him.

"Any news?" he asked.

"No. Mr. Barron told a man just now that he thought P. M. would go to
par to-morrow."

"Then I won't sell to-day."

"Why, no, wait till to-morrow. How much did you put up, Fred?"

"Oh, I had to buy on a margin," he replied.

"Of course. I didn't expect you to do otherwise. Did you put up as much
as fifty dollars?"

"Yes, more," he replied.

"Oh, my!" she exclaimed. "That would get nearly ten shares on ten per
cent, margin. You promised me ten per cent, for the tip, mind you."

"Yes, and you shall have it," he replied, "but don't say a word or you'd
be discharged."

"Oh, I can hold my tongue when I want to," and she turned and went back
into the office.


CHAPTER VI.--Broker Bryant's Mistake.

When Fred returned to the office the Exchange had closed for the day.
Pacific Mail closed at 76. Bob met him at the foot of the stairs,
grasped his hand and said:

"We've struck it rich, Fred!"

"Yes, but you want to keep mum."

"Of course."

They went home and spent the evening together making calculations. Adah
wanted to know why they were making such a lot of figures, and Bob said
to her:

"Wall Street men have to do a good deal of figuring."

"Yes, so I've heard, but I didn't know the boys did."

Fred laughed, nudged Bob and remarked:

"That's one on you, old man!"

The next day they found that the shares opened at 79--two hours later
they were going at 82.

"I'm going to sell, Bob," said Fred. "It's getting dangerous."

"It may go up to 100."

"We had better stand from under," said Fred, shaking his head.

"Well, let her go."

Fred hastened to Bowles' office and told him to sell. In five minutes it
was done, and they had made over $6,000 on the deal. Manson sent Bob to
Bryant with a note. Somebody had just dumped 3,000 shares on the big
broker and he was in a bad humor when Bob came to him with the note. He
looked down and saw who it was--the boy who had gotten the situation for
his typewriter--and quick as a flash he gave him a kick that sent him
sprawling on the floor. Bob had the note still in his hand when he
scrambled to his feet again. But he did not deliver it. He staggered out
of the Exchange, feeling sick from the effects of the blow, and made his
way back to the office, where he told Mr. Manson what had happened.

"It was an accident, Bob," the broker said. "The excitement in there is
awful, you know."

"No, sir. It was no accident," said Bob. "He hates me because I found a
place for his typewriter who left him because he wanted to make love to
her."

Munson laughed and said:

"That must me a mistake, my boy."

"No mistake about it. The girl is in Bowles' office, and she'll tell you
the same thing. I am going to have him arrested."

"Oh, that won't do."

"I'll make it do."

Bob was mad.

"See here, young man, I'll give you your walking papers if I hear any
more talk like that!"

"Give 'em to me right away then," said Bob. "I'm going to see if a man
can kick the innerds out of a boy just for fun and not pay for it."

Manson was surprised at Bob's spunk. He looked at him in silence for a
minute or two and then said:

"You are mad clear through, eh?"

"You bet I am!"

"Well, wait till I see him before doing anything."

"All right; but you want to see him soon."

"I'll see him after 3 o'clock."

After 3 o'clock Bob, Fred and Broker Manson went over to Bryant's
office. Bryant was at his desk.

"Why did you kick my messenger, Bryant?" Manson asked.

"Was it your messenger?"

"Yes."

"I didn't know who it was. I felt some one pulling my coat-tail and
kicked out. It was no time for fooling. You know, somebody is always
fooling over there?"

"That's a lie," said Bob. "You know I touched your elbow, not your
coat-tail. You looked down in my face, saw who it was and then kicked
me."

Bryant was so astounded at being given the lie so bluntly he sat still
and heard Bob through without uttering a word; then he looked up at
Manson and said:

"There's cheek for you!"

"Cheek!" exclaimed Bob. "Don't say a word about cheek! Your cheek drove
your typewriter out of your office. I got a place for her, and you had
the cheek to go to her new place and raise a row. That is what you
kicked me for. Two members of the Exchange told me to prosecute you and
call them as witnesses--Mr. Turner and Mr. Agnew."

Bryant turned white as a sheet. Those two brokers were his bitterest
enemies. They stood high, and their evidence would down him.

"See here, my boy," he said, "I ought to kick you clean through that
window for your impudence, but I won't. I tell you---"

"Of course, you won't," said Bob, interrupting him. "It's my time to
kick now."

Bryant was cool, pale, and yet in a rage. He saw that he was in a
serious scrape, and Bob, though a boy, was game all through.

"Are you willing for Mr. Manson to settle the matter?" he asked.

"No, sir. He is not my lawyer."

Bryant gave a start.

"Who is pour lawyer?" he asked.

"I haven't engaged one yet, but you can bet I am going to."

"Well, I see you are very mad about it. We can settle it ourselves, I
think, Just tell me what you want me to do."

"Well, I think you ought to be made to break stone over on the Island
for about six months. You need a good lesson and I'd like to see you get
one of that kind."

"The court would probably fine me $50. Will that sum satisfy you?"

"No, sir. You think money is everything. I don't. Just acknowledge that
you are an old hog and beg my pardon, and you may go to the Old Harry
for all I care!"

That was too much for the big broker. He sprang forward and dealt Bob a
stinging slap in the face. But the next moment both Bob and Fred sprang
up like two wildcats.

He tried to defend himself, of course, but those two boys had fought
many a battle in the street and were fighters from way back. They rolled
on the floor together, while Manson kept calling out:

"Boys! Boys! I'll call the police to you!"

They never heard him. If they did they didn't heed him. In half a minute
both eyes were blacked, all the beard from one side of his face gone,
and fully one-half of his hair lay on the floor. And still they went for
him. Suddenly the shrill scream of a woman startled them, and the two
boys desisted to turn and look at the newcomer.

It happened to be Bryant's wife who uttered the scream when she saw what
was taking place. Of course the row ended then and there. Bryant got up,
explained to his wife what it all was about and apologized right then
for his action. Of course Bob accepted it, and the matter was settled,
as the boys thought. But the next day Bob met Fred and told him he had
been discharged by Manson, saying that of course Bryant was responsible
for it.

A couple of days later Fred was the recipient of a handsome gold watch
and chain, a present from Mr. Gaines.

One day Callie came to Fred and told him of a tip she had got hold of.
It was M. & C. Fred went to see Broker Bowles, and asked him to buy
3,000 shares of M. & C. for him. The broker bid in the amount of shares
Fred wanted. The price soon went up to 90, and then Bowles sold him out.
The next day Fred and Bob visited Bowles, who gave them a statement
showing they had made $170,000 profit.

"Mr. Bowles," said Fred, "Risley & Cohn have failed. If their office is
to rent please rent it for five years for Halsey & Co., and buy all the
furniture. Pay a year's rent in advance."


CHAPTER VII.--Halsey & Company Open a Bank.

"Bob, I'm going to resign," said Fred, when they came out from Bowles'
office.

"Resign what?"

"My place at Tracey's."

"Well, I think you can afford to."

"Yes. We can go in on our own hook now," and he went over to the office
and told the gruff old broker he wanted to quit.

"What's the matter?" Tracey asked.

"Going to open a bank."

"What with, a jimmy?"

"No, a key."

"Going to play craps, I guess. Do you know a boy I can get?'

"Yes, sir."

"Bring him here then and I'll let you off."

In half an hour Fred had a youth on hand who lad been looking for a
place for mouths. He then went downstairs and joined Bob. They agreed to
keep the deal a secret as long as possible. Bob was to wait for Gertie
Clayton, Bowles' typewriter, and warn her to say nothing about it to any
one, while Fred was to wait for Callie as she came out of Barron's bank.
When business closed for the day, Fred saw Callie come up and go up
toward Broadway. He soon joined her.

"Have you heard the news from the deal in M. & C.?" he asked her.

"No. How did is turn out?"

"It sold at 80."

"Did you sell?"

"Yes."

She made a rapid calculation and said:

"You have made a fortune."

"Yes, so we have, but mum is the word."

"Do I get anything?"

"Of course; ten percent."

She gasped, turned pale, and seemed almost ready to faint.

"I have a check for your share in my pocket," he added.

"How much is it?"

"Seventeen thousand."

"Oh, Fred!"

"Do suppose you would turn up your nose at a eager boy now if he were to
come courting he remarked.

"That depends on who he is and how he behaves himself," she replied,
regaining control of herself.

Then a minute or two later she asked:

"What am I to do? Please tell me for my head is all in a whirl."

"Oh, don't lose your head," said he laughing. "Just leave it where you
left the other one and that will be all right. Keep your eyes and ears
open for another tip."

"Why, must I keep on at work?"

"Yes, of course. How can you get any tips if you don't?"

"I'm afraid I can't do much work with so much money in bank."

"Why, that ought to make you work harder. You should not think of
stopping before you have made at least one hundred thousand dollars.
Then you could live in a fine house and keep a carriage."

They went on up the street talking and laughing. He gave her the check
and she put it in her pocket.

"Now, Callie," he said, "I've rented a flat in the block above where you
live and have bought some furniture for it. I want you to select the
carpets, curtains and other things for me, as I don't know what they are
worth, or even what sort to get. I am preparing a surprise for my aunt
and sister."

"Oh, that is good of you! They don't know of your good luck yet?"

"They don't even dream of it."

"Oh, what a surprise it will be to them. Of course I will help you,
Fred. Where are you going to buy?"

"Come along with me," and they went to a big store where he had already
purchased some things. She had good tastes, good judgment and was a
quick buyer. In half an hour she had made the selections; Fred paid the
bill and ordered everything put into the flat as soon as possible.

Then he saw her home, left her at the entrance and made his way across
town toward his aunt's humble abode. She was still at work over the tub,
and, as a matter of course, very tired.

"I'll break all that up in a few days," he said to himself.

Two days later Broker Bowles said to him:

"You can get Risley & Cohn's offices, but the rent is high--$5,000 a
year. They ask $3,000 for the furniture as it stands."

"Take both for Halsey & Company," said Fred. "Pay one year in advance.
I'll give you a check for $8,000," and he did.

"I'll have the lease for you this afternoon," said the old man.

Bob and Fred then went off to engage a sign painter to put up their firm
name in big gold letters on the immense plate glass front of the
offices.

The next day they found their name

          "HALSEY & COMPANY,
              "Bankers,
     "Speculators in Stocks, Bonds, etc."

in big gold letters, the handsomest on the street. Mr. Allison, the man
who had kept the books for Risley & Cohn for fifteen years, had been
engaged for them by Bowles, who told him they were a couple of boys. He
was elderly, bald, with a full, round face known to every broker in Wall
Street. His knowledge of Wall Street was thorough.

"It will create a sensation when it is known who Halsey & Company are,"
he remarked to them, as they watched the people admire the sign as they
went by.

"Yes, I guess so. We'll have some fun with 'em. But see here, Mr.
Allison, we are no fools if we haven't got any beards. We want you to
manage the banking end of this thing, and stand ready to collar us when
you see us going wrong. Do you understand?" and Fred faced him as he
spoke.

The old man looked over his glasses at him for a few moments as if
surprised at what he had just heard.

"Well, that shows you have good, old-fashioned horse sense, young man,"
he replied. "Most boys of your age think they know it all, and have to
pay dearly for lessons they might have had free."

Just then Broker Tracey came by and stopped to look at the new firm name
on the glass front. Fred went to the door and invited him in. Tracey
looked at him in astonishment and then at the sign again.

"How do you like our new quarters?" Fred asked him.

"Whose quarters?"

"Halsey & Company--Fred Halsey and Bob Newcombe--we are the firm. Mr.
Allison here is our manager."

Tracey glanced at Allison, whom he had known for years, and the old man
said:

"It is true, Sir."

"Got any capital?" Tracey asked.

"Plenty of it," replied Allison.

He turned on Fred and asked:

"What has happened? Where did you get it?"

"What some people lose others gain," Fred replied. "I got a good deal of
fleece out of M. & C. the other day. Did you lose any wool?"

Tracey's face was a picture to look at. He was a loser in that deal to
the tune of some $20,000, and this sudden and unexpected discovery of
where it had gone was a shock to him.

"Well, I'm jiggered!" he exclaimed, looking at Allison. "I've been
thirty years in Wall Street and these are the first boy bankers I ever
saw."

"They are the first I ever saw, too, sir," said Allison, "and I've been
thirty-five years in the Street. They've both got good heads on their
shoulders."

"Just come in here and let me show you something. Mr. Tracey," said Bob,
leading the way into the private office of the former bankers. "I want
to show you some fleece we have on exhibition," and he pointed to a
large bunch of white wool hanging to a hook on the wall above his desk,
labeled:

       "JAMES BRYANT,
     "M. & C. fleece."

The old broker roared.

"Say, I hope you won't hang mine up that way!" he exclaimed.

"We have too much respect for you to do that sir."

"How about Manson?"

"Oh, we got a good lot off him, but I was once in his employ."

"Well, I'm glad you haven't got mine hung up," and he went out, laughing
heartily.

In an hour the whole Street had the news, and scores of brokers came by
to look in at the two boys. They were all amused, for they laughed and
joked each other about it.

Half an hour later a wave of jolly laughter went through the Street as
the fleece story was told. Bryant was guyed till he had to shut himself
up in his office and refuse to see any one. Manson came in and whispered
to Bob to drop that Bryant's fleece business, adding:

"He has a host of friends in Wall Street, and it will hurt your business
to make an enemy of him."

"He is already my enemy," Bob replied, "and had me discharged from your
employ. I will never let up on him as long as I live."

Just before business closed Bryant rushed into the office and said:

"I want to see the bunch of wool you have here with my name on it."

"Here it is," said Bob, opening the door of the private office and
pointing to the wool hanging against the wall.

Bryant grabbed it and started to the door with it. Bob opened the drawer
of the desk, took out a revolver, and aiming at him, said:

"Here's something to go with it."

Bryant wheeled around and found himself looking down the muzzle of the
revolver.


CHAPTER VIII.--Broker Bryant and the Boys.

When Broker Bryant saw the muzzle of a revolver staring him in the face
he turned white as a sheet.

"Just drop that fleece on the desk there; if you please," said Bob very
coolly.

He laid it down without saying a word, never once taking his eyes off
the revolver.

"You may go now," Bob said. "You can't get any fleece out of this
office."

"Put up that gun. You are making a fool of yourself," said Bryant
finally.

"Maybe I am. All the same, I'd have made a corpse of you if you had not
dropped that wool."

"What have you got my name on it for?"

"I am having a little fun out of it--that's all."

"You have no right to use my name at all."

"Maybe I haven't. Go to law about it, and let the court decide that
question. I am going to keep it there, for you are the meanest man in
Wall Street. You had a messenger boy discharged from his position of
five dollars a week. It will be a long time before I can have fun enough
with you to satisfy me, Mr. Bryant."

"I did not have you discharged."

"Oh, that's all right."

"But you can ask Manson."

"Yes, I know. We got more of his fleece than we did of yours. I haven't
had much fun with him yet. One at a time and it will last longer."

"You must take my name off that thing there."

"Not at your command I won't."

"Well, I'll see about it," and he turned and went out.

Fred and those in the main office were not aware of what had been going
on between Bob and Bryant in the private office.

"What did he say, Bob?" Fred asked.

Bob told him what had passed between the broker and himself, adding:

"He is the maddest man on earth. I am getting even with him, and am
going to run that fleece business till some court tells me to stop it."

"By George," exclaimed Fred, "if he goes to law about it we'll be the
best advertised firm in the Street."

"That's so," remarked Allison, his broad face wreathed in smiles. "He is
a strong man--has many friends; but Wall Street brokers are always ready
to shear each other."

"Of course they are. Business knows no friendship. It is merciless in
its operations."

Allison looked at him in no little surprise. Such a hard, cynical view
of business coming from one so young almost startled him.

"Where did you pick up that idea?" he asked Fred.

"In the Stock Exchange when I was a messenger boy," was the reply.

"Who gave it to you?"

"Nobody. I got the idea from what I saw going on all around me."

"Well, you have observed closely, young man. It's a harsh judgment, but
correct in the main. I hope, though, that in your success you will not
forget those who are unfortunate."

"I hope so, too, Mr. Allison. It is not my nature to be mean or stingy.
Bob gave the old beggar with the red shawl a dollar yesterday."

"He did, eh?"

"Yes, sir. She's sixty if a day."

"Yes, and has been begging in Wall Street for twenty years. I'd wager a
month's salary she has ten thousand dollars in bank and owns real estate
somewhere on Manhattan island."

"What are you giving me?" and Fred looked the picture of incredulity.

"The straight truth. I have a nephew in a little east side bank above
Grand street, and he says she has a fat account there, and that he has
seen three other bank books in her possession."

"Well, I'll be hanged!" exclaimed Fred. "I thought I knew a thing or
two, but that yarn jiggers me."

The old man laughed and was going to say more when a crowd of boys came
in. Business had closed for the day, and every messenger boy in Wall and
Broad streets had made a rush to see Fred and Bob in their new role as
bankers. Boothblacks and newsboys were among them, and they made the
welkin ring with their shouts.

"Say, give us a loan, Bob."

"Cash a check for me, Fred."

"How much chink have you got, boys?"

"Where did you break in, Fred?"

"How much did you get?"

"Where were the cops?"

"Ah, let up on that, cullies!" sung out Fred. "Come by to-morrow at this
time and get a ticket for a square meal. It's none of your business
where we got it. We've got it and that's enough."

They gave Halsey & Company three cheers and left. Just an they were
about to close the doors Callie Ketcham came in.

"Oh, my, what a grand place it is, Fred!" she exclaimed, as she looked
around the place. "Promise me a situation when you need a typewriter."

"Indeed I won't!" he replied.

"Why?" and she looked at him in surprise.

"Tips!" he whispered.

She laughed and exclaimed:

"Oh, yes, I see!"

"Besides, if you were here all the time I'd do very little business, I
fear."

"Oh, that's some of your talk again. Have you any depositors?"

"No. Just opened to-day."

"May I be one of your depositors?"

"Of course, if you wish. Mr. Allison is the cashier," and he introduced
the old man to her.

"Give me a check, please," she said, and when she got it she filled it
out for $10,000, handed it to the old man, saying:

"I am your first depositor, and am so glad to know it."

"I'll send you a book to-morrow," he said, as he put it away.

"No, don't send it; I'll call for it myself," she replied.

"Very well, Miss Ketcham."

The old cashier was knocked topsy-turvy at receiving a check for such a
sum from a young typewriter. As they were going out Gertie Clayton came
by and said:

"They told me you had opened a bank here, Bob, and I wanted to see if it
was true," and she looked up at the sign on the big plate glass front.

Callie caught her hand, kissed her as girls do, and said:

"Oh, Gertie, it's just too grand for anything in there! Would you
believe it, I am the first depositor on their books!"

"I wish I could put money in the bank, but I can't. It takes all I can
make to keep a roof over our heads."

"Why don't you strike old Bowles for a raise in your salary?" Bob asked
her.

"It is useless. He told me to-day he would not want me after this week."

"The deuce he did! What's the matter?" Bob blurted out.

"I am sure I don't know. He has never found fault with my work, He said
I could go back to Bryant's, as he had said I could always find a place
there."

"Well, don't you go there," said Bob. "I'll see if I can't find another
place for you."

"I am such a trouble to you, Bob."

"Indeed you are not."

Fred and Callie had gone on ahead, and Bob walked with Gertie. They
passed Broker Bryant on Broadway, and Gertie gave a shudder as she saw
him, saying to Bob:

"I am afraid of that man. He looks at me sometimes as though he wanted
to kill me."

"He is bad enough to do it," Bob said. "He hates me like poison, and
would poison me if he could."

"I believe he paid Mr. Bowles to discharge me."

"Why, what good would that do him?"

"He thinks I'll go back to his office if I can't get a place anywhere
else."

"Well, if you can't get a place, you can have deskroom with us and do
chance work. You must not go back to him," and Bob was very earnest in
his way as he spoke.

Bob saw her to her home and then hastened to his own humble domicile.
When he got there he found the sidewalk in front of the tenement piled
up with furniture. Two families were being ejected for non-payment of
rent--$9 each. The landlord was there directing the officers. Bob looked
on for a few minutes, and then quietly handed a ten-dollar bill to each
of the two mothers, saying:

"Go across the street and get rooms. You can get 'em for $8 over there."

They both sprang up and showered blessings on his head and curses at the
landlord.

One day a week later Bob received a tip from Gertie Clayton that Rock
Island shares were going to be cornered. Bob saw Fred about it and they
watched Rock Island. Pretty soon they saw it advance. Then Fred ordered
15,000 shares bought for the firm. The next day a man called and asked
them to lend him $10,000 on a good stock worth double that amount. Fred
asked to see the stock. It was K. & T. Fred took the stock to Mr.
Allison for his advice, and the bookkeeper denounced the stock as a
clever forgery. When the man heard that he made a snatch for the paper,
missed it, and then made a break for the door. Fred darted across his
path and upset him near the door. He fell heavily, striking the plate
glass and shattering it.

"I'm a dead man!" he gasped, rolling over on the floor, the blood
spurting from a cut on the side of his head.


CHAPTER IX.--The Doctor and the Young Banker.

When Fred saw the red stream spurt from the man's neck he sprang back
and exclaimed:

"It was the glass!"

Bob ran out from another room. So did the clerk, and Mr. Allison came
around from behind the cashier's desk. Others who heard the glass rattle
down on the sidewalk ran in to see what had happened.

"The man is bleeding to death!" cried some one. "Send for a doctor!"

"Call an ambulance!" said somebody, and both were summoned.

But ere either could get there the man was dead. The broken glass had
cut a jugular vein and his life ebbed away inside of three minutes. A
policeman ran in when he saw the crowd before the bank.

"How did it happen?" he asked.

"He fell against the glass and it cut his neck," replied the clerk.

"Did you see it?"

"Yes."

"Then I want you to go with me and tell the story to the coroner.

"We'll all do that," said Allison.

"Did you see it, too?"

"Yes."

"Then I want you, too."

"Very well."

The doctor who had been summoned came in and examined the wound.

"The jugular is severed," he said. "No power on earth could have saved
him."

"Who was he?" the officer asked.

Nobody answered him.

"Does no one in this crowd recognize him?"

They gazed at the dead man, but none knew him.

"Who sent for me?" the doctor asked, looking around.

No one answered him.

"Who pays my fee?"

"You ought to know who told you about it," said the officer.

"Somebody called up to my window to come quick. I didn't see him."

"Doctor, I'll pay the bill," said Fred, "as long as it happened in
here."

"Very well. Ten dollars, please," and the doctor held out his hand for
the money.

Fred handed it to him, saying:

"Be kind enough to get out. You're a hog on two legs."

"What!" and the doctor gasped as if for breath.

"Get out of here, you old hog!" repeated Fred.

The doctor struck at him, his face livid with rage. The officer caught
him by the arm, saying:

"If you raise a disturbance here I shall have to arrest you, sir."

"Did you hear him insult me?" cried the doctor.

"Yes, but you can't fight here."

"If he wants to fight, let him fight a man of his size, not a boy," said
a broker in the crowd. "He is a hog, judging from his actions, and I am
ready to back it up!"

"I'll sue you for slander!" hissed the doctor, as he made his way
through the crowd.

"Sue and be hanged to you! You are a coward as well as a hog!" and the
belligerent broker followed him out to the sidewalk.

The doctor got away in the crowd. The ambulance came, and the body was
removed to the police station to await identification and the action of
the coroner. The doors of the bank were closed, and a number of brokers
remained inside to find out how the thing had happened. Mr. Allison
related how it occurred, and produced the certificate, which they all
examined. But not one of them was willing to say it was a forgery. The
old man was the best posted of them all.

"I would have loaned him $20,000 on that," said a well-known broker as
he examined it.

"You would have lost every penny of it, sir," replied Allison.

"Do you wish to wager anything on it?" the broker asked.

"I have no money to put up."

"Make the bet--I'll put up the money," said Bob. "I am willing to bet on
you."

"Very well, I'll wager $10,000 that this is a forgery, that the company
has never issued a 'Third series' of shares."

"Put up the money," said the broker. "I'll give my check. It can't be
certified now, since the bank is closed."

"You won't stop it if you lose, eh?" Bob asked.

"No, not I."

"Very well, Mr. Allison, put up the money in the hands of any one you
know."

The old man put up the money and Broker Dean put up his cheek.

"Now let's go to Doggett & Holmes' office and see what they say about
it. They are the attorneys for the road and ought to know all about it,"
Allison said, and the whole party of about a dozen men went out and down
on Broad street, where they soon climbed up three flights to the law
offices of Doggett & Holmes.

Holmes was in. Doggett had left. He examined the certificate and
pronounced it a forgery, saying:

"No 'Third series' has ever been issued by the company."

"Whoop!" yelled Bob, "I'll bet on my old man every time!"

The crowd roared and Dean was nettled.

"I want to have the statement of the president of the company before I
give up," he said.

"Will the treasurer of the company do?" Holmes asked.

"Yes, of course."

"Well, he is here," and he sent a clerk into another room for a Mr.
Timson, the treasurer of the company.

He came out and very promptly pronounced it a forgery.

"Whoop!" yelled Bob again. "Halsey & Company are bankers and
speculators, and sometimes they bet on a dead sure thing. Say, Fred,
we've got some more fleece to hang up."

The brokers yelled and Dean said to him:

"See here now, boys, none of that. If you get any of my fleece in a deal
you can hang it up on your front door. This is quite a different thing."

"But do you give it up?" Bob asked.

"Oh, yes. You can have the money."

"All right. We can't call it fleece at all. Mr. Allison, one-half is
yours. Shake, old man."

Allison jumped as though he had been shot.

"Do you mean that, Bob?" he asked.

"Of course I do."

"And you--is it all right?" he asked of Fred.

"Of course it is. You saved us $10,000, didn't you?"

"Well, that was my duty. I've been thirty-three years in Wall Street and
never had so much consideration shown me before," and his eyes became
moist and his voice husky.

"I say, boys!" called out another broker, "let's all go and dine
together and have a bottle for each plate. I like these two boys and
think we can learn something from them. Come on, every one of you."

They all laughed, shook hands with Bob, Fred and Allison and went
downstairs and farther down the street to a well-known restaurant. There
they had a royal feast for an hour. Dean became quite merry over his
bottle and admitted that he knew Allison was one of the best posted men
in the street, and was glad that he was to have one-half the amount he
had lost. At that dinner the brokers became acquainted with Halsey &
Company, and found that, though they were boys, they knew a good deal
about taking care of Number One.


CHAPTER X.--Fred Buys a Seat in the Stock Exchange.

The accident in the banking house of Halsey & Company, by which a man
lost his life, created a good deal of excitement in Wall Street. The
prompt discovery of the forgery had the effect of convincing the Street
that they were not to be victimized even if they were a couple of boys
not yet out of their teens. The janitor of the building very promptly
removed the blood stains and a glazier put up another glass in place of
the one that was broken. The bank bad not been open an hour ere a
carriage drove up in front and a tall, gray-haired man alighted and went
in.

"Ah, you are Mr. Gaines!" said Fred, on seeing him. "Come into the
little office and sit down. I am very glad to see you out again."

"Thank you, my young friend," said the old gentleman, following him into
a little office and seating himself in a comfortable arm-chair. "I have
called to thank you in person for the kind service you rendered me in
the Stock Exchange that day. You saved my life!"

"Mr. Gaines, I am glad I was able to do as I did," said Fred. "You sent
me a watch and chain, which I prize very highly. I am sure I don't
deserve any more credit than what you have already given me."

"Well, I want to show my gratitude, for it is a pleasure to do so. Who
is your broker in the Exchange now?"

"We have no regular broker. We have engaged a different one for each
deal we have made."

"Would you like to have a seat there yourself?"

"Yes, sir, but I am too young, I guess."

"There is no limit as to age. If you are able to buy a seat you can have
one."

"But a seat is worth $30,000."

"Yes. I have a seat. I am never going to use it again. I was badly
squeezed that day in the Exchange, and lost many thousands of dollars.
But I have enough to live and die on, and so intend to sell my seat. If
you can pay $5,000 cash you can pay the balance in five years--$5,000 a
year."

"I'll take it," said Fred.

"Very well. I can get $30,000 in cold cash for it, but don't care to let
the man have it at any price."

Fred gave him the money and the seat was duly transferred.

"I wish you all the success in the world, my good friend," said the old
man, rising and extending his hand to Fred.

"Thank you, sir. I am deeply grateful to you for this favor. May I ask
you a question?"

"Yes, as many as you please," replied the old man, resuming his seat.
"What is it?"

"Is Mrs. Bryant a relative of yours?"

"Yes. She is my niece. Why?"

"Mr. Bryant and I don't love each other much, and I heard the other day
of your relationship to his wife. I didn't believe it."

"Yes, it's true. I heard you had some wool hung up and labeled 'Bryant's
fleece.' Is it true?"

"Yes," and Fred laughed. "I'll show it to you," and he did.

"Bryant has been very sore over it, and so has his wife. I would advise
you to take it down."

"I shall advise Bob to do so. It is his fight, you know."

"Yes, so I heard. Well, good-by. I shall drop in when I come downtown. I
have no office now."

"Oh, you must make this your office!" exclaimed Fred; "we have plenty of
room, for we don't do much business as yet. Our rent is paid up for one
year."

"Well, I guess that's more, than any other firm in Wall Street can say,"
and he shook Fred's hand. "I shall be glad to accept your offer, though
I shall not come down often."

He went out and Fred told old Allison that he had bought Gaines' seat in
the Stock Exchange. The old cashier glared in astonishment, saying:

"I'm afraid that you will make a mistake in going in there."

"Why?"

"People get excited there and lose both their heads and fortunes in a
very few minutes."

"Yes, I know. But I got used to that sort of thing when I was a
messenger. It is not new to me."

Broker Gaines had not been gone ten minutes ere Gertie Clayton came in.
She had a frightened look in her face. Bob met her, and she said:

"Oh, I saw it in the papers about the man being killed by the broken
glass. It's awful, isn't it?"

"Yes, indeed. Come to the ladies' room if you have any time to spare,"
said Bob, who saw that something had happened.

She followed him, and in the cozy little parlor said to him:

"I can't go back to Mr. Bowles office any more, Bob."

"Why not?"

"He told me this morning that Mr. Bryant's typewriter was sick, and that
I would have to go up to his office to do some work for him. I said I
was not working for Mr. Bryant and did not care to go to his office. He
replied that he and Bryant were in a deal together, and that I must go
and earn my salary."

"The old brute!" exclaimed Bob. "Just stay right here. I can get plenty
of work for you."

"But I have no machine," she replied, and her eyes filled with tears.

"We have got to have one some day and may as well have it now as at any
other time. I'll get the money and you can go and buy one," and turned
and went out to the banking room, got $100 from the cashier and went
back to her.

He found her with her face buried in her hands and sobbing as though her
heart would break.

"Why, what in thunder is the matter, Gertie?" he exclaimed.

"Oh, Bob, I--I--you seem to be the only friend I have in the world."

"Well, I'm much afraid that I'll stand by you till I can't breathe.
Come, brace up. Here's one hundred dollars. Go and buy a machine. Get
the best in the market. If that isn't enough, come back and get more.
I'll let Bowles and Bryant both know that my girl can get on without
them!" and he thrust the roll of bills into her hands as she spoke.

"Bob, am I your girl?" she asked, looking shyly up at him through her
tears.

"Of course you are, unless you don't want to be."

"You won't go back on me when you get rich, will you?" she asked.

"Not much I won't."

"There's my hand then," and she gave him her hand.

He grasped it, squeezed it and did just what any other well-regulated
boy would have done under such circumstances--kissed her on the lips.

"Hello! Spooning, by George!" cried Fred, suddenly entering the room.
"In business hours, too."

Gertie hid her face in her hands, but Bob turned and replied:

"This is very important business for me, Fred, and she---"

"It is very pleasant business, I should say," said Fred, interrupting
him with aggravating coolness.

"Pleasant is no name for it," returned Bob. "We have just engaged to
marry each other in two years."

"Well, it jiggers me! She's a splendid girl. I congratulate you, old
man!" and he grasped Bob's hand and shook it warmly.

The second day after he bought his seat in the Stock Exchange Rock
Island advanced to 90. Bryant was the kingpin in the Rock Island deal.
He saw Fred watching the board which told how the stock stood. Rock
Island stood at 92 when business for the day ended. Next day Bryant
forced the stock up to 95, when Fred dumped his 15,000 shares on the
market. Bryant had to take them. Then the price broke. A panic resulted.
Bowles clutched Fred by the arm. Fred sprang nimbly out of his reach,
and the old man fell prone to the floor, where he lay still like one
dead.


CHAPTER XI.--The Great Deal in Rock Island.

During the lull that followed the fall of the old broker in the Stock
Exchange the storm seemed to be gathering for a still more destructive
sweep. A few friends took up the old man and bore him out. No sooner had
they passed over the threshold than a roar like that of an angry sea
burst forth. Bulls and bears seemed on the verge of personal violence.
The price went up and down in momentary fluctuations, and men dropped
out and flew from the room as if trying to overtake the fortunes that
had slipped away from them. In the midst of all this din and confusion
Fred Halsey stood where he could see Bryant and mark the effect of the
blow he had given him. Down, down went the stock till 81 was reached.
Then the gavel fell, and the battle was over for that day. Brokers
Manson and Tracey rushed over to Fred and grasped his hand. Neither one
had lost any fleece in the fight.

"It was a terrible blow," said Manson.

"The worst deal in the Exchange since I became a member," said Tracey.
"You did wrong, my boy. You should have unloaded in a more cautious
manner--one or two thousand at a time, As it was, you broke the corner
and ruined half a hundred men."

"They would have been ruined, anyhow," Fred replied. "Bryant would have
dumped his load on 'em at par. I wanted to knock him out, and I think I
succeeded. Will you two come over to my place a while?"

They both declined and Fred went over alone. Allison grasped his hand as
he entered the bank. He had heard the news. Callie, Bob and Gertie were
in the private office when Fred went in to see them. Gertie sprang up,
threw her arms about his neck and kissed him.

"Hello! What's the matter?" he exclaimed. "What's up?"

"Why, I am up--up in the world--up in spirits and the happiest girl that
ever lived!" cried Gertie, and the next moment she was hugging and
kissing Callie.

"Oh, you needn't let up on me," said Fred. "I am not kicking on that
sort of thing. What the deuce is the matter with her, Bob?"

"I have just told her what her tip on Rock Island had made for her," Bob
replied.

"Ah! She will get a nice plum out of the pie. But look here, girls. If
you give us away, there's no telling what may happen. It would do
mischief, and a lot of it, too."

"I won't say a word," said Gertie.

"Nor will I," said Callie.

"Well, let's see if girls really can keep a secret," and then he sat
down and told how he had given Bowles and Bryant a deadly blow, and how
the old man had to be carried out of the Exchange.

"Great Scott!" exclaimed Bob. "I'd have given a thousand to have seen
Bryant when he got it in the neck."

"Oh, he was sick," said Fred. "You'd have to buy a bale of wool to hang
up if you want to display his fleece."

"That would be cruel," said Gertie.

They all laughed and were a happy party. Fred sent out and ordered a
carriage to take them off uptown, saying:

"I don't want to meet any of those fellows to-day."

"What are you afraid of?" Bob asked him.

"I am afraid about ten thousand questions will be asked me."

They rode uptown in a carriage for the first time since the bank was
opened, and the two girls were delighted. The boys saw them to their
homes and then had a quiet talk over the situation.

"Mr. Allison has been guyed unmercifully about his kids, Bob," Fred
said, "and he has stood by us like a father. Let's give him $5,000
to-morrow as a token of our appreciation of him."

"I am willing," Bob replied. "The old man is our friend."

"Yes, indeed he is."

The next morning, when the old cashier came to the bank, he shook hands
with both of the boys, saying:

"They made it pretty hot for me about my 'kids,' but I guess we have
made it pretty uncomfortable for some of them."

"I think we have, too," Fred replied. "Here's our check to you for
$5,000 for the way you have stood by us."

"The devil!" gasped the old man in dumfounded amazement. "Do you give me
that?"

"Yes, of course."

He grasped their hands again.

"Boys," he said, choking with emotion, "I--I don't know what to say. God
bless me, I don't!" and he jerked out his handkerchief and blew his nose
a half dozen times.

"That's all right, Mr. Allison. We want you to grow up with us."

"Call me pop, boys--call me pop after this--as my other children do,"
and the old fellow had to wipe his eyes and his glasses.

It did the two boys good to watch him. They had touched his heart and
the stern old man of business had softened like a woman. But others
began to come in. The papers told how the two boys had squeezed some of
the strongest men in the street and scooped several hundred thousand
dollars of their money, and men who had seen them often before now came
in to look at them again. But Fred and Bob were quite busy in their
little private office engaged in figuring up the result of the deal,
leaving Allison to answer questions and receive congratulations. Over
in the Stock Exchange the syndicate was busy trying to save further
losses. Bryant was on hand, but Bowles was in the hands of his
physician.

"We were betrayed by somebody," Bryant said. "Those boys were posted by
somebody in the deal and used as a blind."

"That is a serious charge to make, Bryant," said one of the syndicate,
"and we'll have to make an investigation to find out if there is any
truth in it. The charge reflects on us all."

"I have no idea who the guilty one is," Bryant replied. "I don't even
know that the charge is true; but I believe that we were downed by a
conspiracy in which one of the syndicate was engaged. Those boys are not
deep enough to do what they did by their own account."

"You forget that Allison is in their employ," said the other.

"I don't think he had anything to do with it."

Just then Fred entered the Exchange in search of a broker he wanted to
see.

Broker Tabor saw him, caught him by the arm and said:

"Here, Halsey, I want to ask you a question."

"Fire away," said Fred.

"How did you get on to that Rock Island deal?"

"Bryant gave it away."

"Eh! What!"

"Bryant gave the snap away," Fred repeated, and just then he saw the man
he was in search of and went over to him.

Tabor returned to where Bryant and other members of the syndicate were
standing and said:

"You were right, Bryant. One of the syndicate did give it away, and
Halsey admits it."

"Ah! Did he name the scoundrel?" Bryant asked.

"Yes. I asked him how he got on to it, and he said 'Bryant gave it
away.'"

Bryant gave a start as if stung and dashed across the room to where Fred
was standing, grabbed him by the collar and hissed in his face:

"Did you say I gave the Rock Island deal away?"

"Yes, but you didn't mean to do it."

"What do you mean?"

Brokers crowded around them.

"On the very day you began buying I was standing near you, and heard you
say, 'I'll take all I can get of that stock.' I knew then you were going
to boom it, so I went off and loaded up for you. Mr. Barron bought the
stock for you in less than thirty minutes after I heard you say that.
Did I get any of your fleece?"

Bryant hurled him from him and turned away.


CHAPTER XII.--Fred Makes a Discovery.

The great deal in Rock Island made the young bankers and speculators one
of the best known firms in Wall Street. It was known that they had a
vast sum of cold cash on hand, and that they had nerve and good
judgment, and so scores of men came to them to buy and sell for them.
Gertie Clayton received about $36,000 for the tip she had given them,
and she left it on deposit in the bank.

"Bob," she said to him a few days later, "I am not going to do any more
typewriting. I was not made for the business, and never did like it."

"What are you going to do, then?" he asked.

"I'll tell you what I want to do," she replied, "I am engaged to a
handsome young banker and we are to marry in two years. I think it is my
duty to fit myself to be his wife by educating myself so he will be
proud of me when we marry."

"By George, Gertie!" Bob exclaimed, "your head is level. Get out of Wall
Street and I'll come uptown and spoon with you every evening. I'll make
enough for us both."

"You dear, good Bob!" she said. "I knew you would look at it as I do.
You do not know how happy I am. I am going to study music and make
myself an accomplished young lady so our home will not be a dull one."

She told Callie her reasons for giving up typewriting, and the latter
said:

"You are right, Gertie. I would do so, too, were I so fortunate."

Just a few days later Eva Gaines came down with her uncle, the old
broker, and was shown into the ladies' reception room with him. Fred and
Bob received them with great consideration.

"You have been making, things lively in the Street," the old broker
remarked to Fred.

"Yes, sir. I would like to pay you the balance I owe for the seat in
the Stock Exchange."

"Well, I am not in any hurry about it," was the reply. "You can do so if
you wish, and my niece here will leave $10,000 with you to speculate
with for her. That is what we came down to-day for."

Fred looked at her without making any reply.

"I don't think I ought to attempt anything like that yet a while, Mr.
Gaines," he finally said.

"Oh, I just know you could make a fortune for me in a little while,"
said Eva. "You are fortunate in everything you do."

"I have been very fortunate of late," he replied, "but I am more free
with my own money than I would dare to be with other people's cash."

"But that is just what I want you to do--use it as you would your own,"
she urged.

Fred shook his head.

"I was a messenger with one of the heaviest men in Wall Street before I
went into business for myself," he returned, "and I have never forgotten
what I once heard him say to a lady who wanted him to use her money in
speculation."

"What did he say?" she eagerly asked.

"He said women could not understand business; that with them success was
the only test of merit; that he had invested money for two women and
both had threatened to horsewhip him because their investment was not a
success. He then declared that he would retire from business rather than
handle a woman's money."

The old broker laughed and said:

"Young man, had I been as cautious in my younger days I'd have been
worth many millions to-day."

"But I don't know what to tell you to buy," she persisted.

"Then you had better keep your money. There are plenty of men in Wall
Street who would be glad to take your money and--keep it. But I am not
one of them."

"Well, you will let me leave it in your bank, won't you?"

"Oh, yes. You can be a depositor," and she gave him the check which her
father had given her. He gave it to Allison, who entered her name as one
of the bank's depositors.

When he returned to them Eva remarked that she was sorry he thought her
capable of horse-whipping anybody.

"I have never been able to understand a woman, and to tell you the
truth, I am afraid of anything in petticoats."

The old broker and his beautiful niece laughed till the tears ran down
their cheeks.

"Well, you'll use my money now, won't you?" she asked.

"Yes, if you will tell me what to buy."

"Oh, pshaw!"

A few days after the Gainses left the bank Fred was going along Broad
street when he saw a little crowd on the sidewalk listening to a young
man explaining a gas-saving appliance. Fred took a great interest in the
affair and after a while asked the young man to make a visit to his
office and adjust one to his gaspipe. The young man did so the next day,
and Fred saw it was a good thing. He asked the young inventor what he
would take for the invention.

"I only want to get a living out of it," answered the young man.

"Well, I'll give you $10,000 for it."

"It's your's," said the inventor.

In two hours the papers were signed and the money paid. Then a patent
was applied for and a plant secured for the manufacture of the machines.

Several days later old Broker Bowles dashed into the room.


CHAPTER XIII.--Fred Makes an Unbusiness-like Loan.

The moment the old man entered the little office Fred sprang to his feet
and confronted him. There was something in the wrinkled old face that
told of a terrible state of mind.

"Mr. Bowles," said Fred, by way of breaking silence.

"Yes, I am Bowles. I have come to see you and get the truth out of you."

"Take a seat," and Bob pushed a chair toward him.

"I want to know who betrayed us in that Rock Island deal?" he asked Bob.

"No one betrayed you, Mr. Bowles. Fred saw Mr. Bryant buy the stock
right along--all that offered--and so we decided that he was going to
boom it. We bought 15,000 shares through Barron. That's all the
betraying that was done."

"That's a lie! It won't do! I know better than that! Tell the truth, or
I'll choke it out of you!" and he glared fiercely at Bob.

"Pitch in and do your choking before you forget it," Bob replied.

The irate old man made a grab at his throat. Bob dodged back, and they
both fell to the floor, their chairs upsetting with quite a clatter. In
an instant Fred grappled the old fellow's legs and dragged him from Bob.
Bob sprang to his feet, seized an inkstand on the desk and dashed its
contents all over the old broker's face and bosom. Some of it got into
his eyes and blinded him.

Just then two brokers came in and separated them.

"Who is it, Halsey?" one of them asked.

"Mr. Bowles. He is away off his balance."

The two brokers laughed at the plight of the old man. His best friend
could not have recognized him covered as he was with ink. As if ashamed
of what he had done, Bowles scrambled to his feet, hurried out of the
office and made a break for his own quarters. But his appearance on the
street caused a sensation. Some boys saw him, and set up a series of
yells that brought a crowd about him in less than half a minute. An
officer ran up, looked hard at him for a moment or two and then collared
him.

"That's all right, officer," the old man said. "Just a little accident,
that's all."

"But you can't draw a crowd and obstruct the street this way," the
officer replied. "Who are you?"

"I am Bowles, the broker. One of the oldest in the Street."

"What! Are you Mr. Bowles?"

"Yes; come to my office and see before more people gather."

The officer went along with him, and when they appeared in the office
the clerks were almost panic-stricken, such a frightful-looking object
was he. The officer remained long enough to make sure he really was the
old broker and then left. In a little while the old man sent for a
carriage and was driven home, where he changed his clothes and got rid
of the ink stains on his face and hair. But the Street got hold of it,
though Fred nor Bob would not say anything about it. Some said the old
man heard they had a bag of wool hung up in their office and went in to
fan them out. They fanned him out and kept his fleece.

Those who were in the Rock Island deal felt very sore over the way it
had turned out, and it was a difficult matter for them to believe that
some one in it had not betrayed them. But Halsey & Company had come up
on top, and though but a couple of boys, the cunning old foxes of the
Street saw that they would have to be reckoned with in the future. The
weeks and months rolled on, and the gas machine was put on the market.
Under the management of the young inventor the mechanical part of it
worked without friction. Bob took charge of the office work, and soon
had one thousand machines placed among the large consumers of gas, at a
rental of from $5 to $10 a month each, producing an income of about
$75,000 a year. Out of that sum they paid the young inventor $7,500 a
year salary. One day Broker Tracey came in and begged Halsey & Company
to sell him an interest in the gas machine, offering $50,000 cash for
one-fourth interest in it.

"Not for $250,000," said Fred. "It is a gold mine, and we think we can
work it by ourselves."

Tracey left, and soon after his departure Mrs. Bryant came in,
accompanied by Eva Gaines. She asked to see Fred. He went to the ladies'
room, and was received with smiles by both ladies.

"Mr. Halsey," said the broker's wife, "I want to borrow $10,000 for
thirty days. I see a chance to make money, but have none to do it with.
Will you let me have it?"

"What security have you to offer?" he asked her.

"None; only my jewelry remains unmortgaged," and her eyes filled with
tears as she spoke.

"Do you want it for yourself or your husband?"

"For myself. He has lost every dollar he had."

"I am going to put that much into it, too," said Eva. "Let her have it
for my sake, Mr. Halsey."

"Will you indorse her note?"

"Yes."

"Very well; I'll let you have the money, Mrs. Bryant," and he made out
the note and they both signed it. He gave the broker's wife the money,
and they left the bank together.


CHAPTER XIV.--Fred Proposes to Callie.

When the two ladies were gone Fred muttered to himself:

"They made me do an unbusinesslike thing--because they are women. She
brought Eva along to make sure I would not refuse her. True, Eva
indorsed the note, but she is a minor, and so the indorsement is not
worth a cent. I don't believe she has a tip. There's nothing doing in
the Street now that I know anything about. I think it was for the
benefit of her husband, and no one else. Sorry I didn't ask what the tip
was since I have to take all the risks. Ah, here comes Callie!"

Callie came into the little private office unannounced.

"Mr. Bryant is in Bowles' power for $10,000, and a warrant is out for
him. Mrs. Bryant came to the bank to fix it up, and Eva Gaines was with
her. They could not do anything with Mr. Barron and I heard Eva whisper
to Mrs. Bryant: 'Let's go and see Fred Halsey.' I got away as quick as I
could so you may know what to do when they come."

"You came too late, Callie," he said, shaking his head.

"Have they been here?"

"Yes,"

"What did they do?"

"They got $10,000 out of me."

"You goose, you! You need a guardian, Fred Halsey!"

"I guess you are right, and I believe I'll apply for one this very day."

"What was Mr. Allison about?"

"He doesn't know a thing about it. I couldn't refuse 'em, they came at
me in such a way. If I had a wife, I think I would be safer in such
matters."

"So do I. You need one badly, young as you are," and she laughed saucily
at him.

"Well, let's call a carriage and drive to the mayor's office. He'll tie
us up hard and fast."

Her big brown eyes opened wide and stared at him.

"Do you mean you want to marry me?" she asked.

"Yes. You have more sense than any girl I know of."

"Fred, if you love me and want me for that reason alone, I'll marry you.
But if you want me simply for business reasons, I won't."

"Callie, you sweet little goose, I've been dead in love with you for six
months, and have asked myself a thousand times, 'Will she have me if I
ask her?' and now I ask you--will you be my wife?"

"Yes, Fred."

"Do you love me?" he asked her impulsively.

"Yes, yes. Oh, Fred, I am so happy now that I know you love me! I was so
afraid you did not."

Fred caught her in his arms and kissed her, saying:

"Let's drive to the mayor's office at once, and---."

"No, that won't do. We both have mothers who love us. They will be glad
to know that we love each other. Let's wait a little while and have a
quiet wedding at my mother's home."

"How long do you want me to wait?"

"Will a month be too long?"

"Hang it, yes. Make it two weeks and it's a go."

"Well, say two weeks, then."

He kissed her again.

"Hello! Spooning!" cried Bob, coming in at that moment.

"Yes," replied Fred. "We got it bad," and he kissed her again.

"Yum-yum!" said Bob. "Wish my girl was here," and he wiped his mouth and
laughed.

"Say, pard," said Fred, "we are going to hitch in two weeks."

"Great Scott! Why such haste?"

"Old age is coming on and we want all there is in life for us, eh,
Callie?"

"You are doing all the talking, Fred," Callie replied.

Bob and Fred laughed, and Callie joined in finally. She was a very happy
girl.

"How about my position at Barron's, Fred?" she asked.

"Give it up, of course. Do you know a poor girl who wants the place?"

"I do," said Bob.

"Who is she?"

"A friend of Gertie's. She's a good one, too."

"Well, let's see her before Callie steps down and out."

"I'll tell Gertie about it to-night."

"Yes."

"Oh, I must see Gertie myself. Let me tell her all about it," said
Callie.

Bob was with Gertie in her home that evening when Callie and Fred
called. The two girls were soon planning for a double wedding, and ere
they parted it was arranged that both should marry on the same evening.
The young inventor of the gas-saving machine was now a frequent caller
at the Halsey residence, for Adah was a beautiful girl, who was fast
developing into a splendid woman. She was the magnet that drew him to
the house. As he was studious, industrious, and withal a genius, Fred
was glad to see an attachment growing up between them. Callie resigned
her place as stenographer and typewriter for Banker Barron, and
succeeded in getting Gertie's friend employed in her place. She and
Gertie then proceeded to make preparations to marry the young bankers
and speculators.

In the meantime Fred was busy in the Stock Exchange, trying to find out
what Broker Bryant was doing. He kept his eyes wide open all the time to
see if he was working on any particular stock. But the burly broker
seemed to have nothing at all to do. Fred noticed that he and old Bowles
no longer spoke as they passed by.

By that he knew Callie had got the story right, and that Bryant had
escaped the old man's clutches only by paying up the last penny he owed
him. He went to the old man and said he wanted to buy futures on P. & K.

"How much and how long?" the old man asked.

"Five thousand shares for ten days."

The trade was made, and Fred then went quietly to work buying up the
7,000 shares that were on the market. He bought at 67, in a few days he
met Bryant on the street and said to him:

"I want to see you privately if you feel like doing any business with
me."

Bryant was quite astonished, and asked:

"Is there any money in it?"

"I think there is."

"Then I am at your service."

Fred had a confidential talk with him, during which the broker admitted
that Bowles had ruined him financially by getting a technical grip on
him.

"Well, I have got a grip on him, I think," Fred explained, "and if you
want your revenge, you can have it."


CHAPTER XV.--Conclusion.

Fred sold him five hundred shares to give him a starter, the shares
being for himself. In two hours the price went up to 70, and Fred saw
old Bowles growing fidgety. The next day Fred sold five hundred shares
more at 72, they going to himself. Then the brokers began to hustle for
the stock, and found they could not get it. It went up to 82 before the
day closed. Bowles was desperate.

"See here, Halsey," he said to Fred, the day before the ten days were up
on his 5,000 shares, "I want to settle that thing now. I can't get the
stock at all."

"Wait till it is due," Fred suggested.

"To tell you the truth, Mr. Bowles, I haven't got that option. I sold
it to another man."

"To whom did you sell it?"

"To Bryant."

The next day the stock wont up to 90, and at that figure Bryant called
Bowles for 5,000 shares of the stock. It is a rule of the Stock Exchange
that where the stock sold cannot be delivered on demand the difference
between the purchase and delivery prices shall be paid in cash. At 90,
the difference was $23 per share, on 5.000 shares, making $115,000. When
the settlement was made, Fred generously allowed Bryant one-half the
profits. It put him on his feet again. The day after the settlement was
made Mrs. Bryant and Eva Gaines called at the office and asked for Fred.

"I have come to pay my note," she said to him.

"It is not yet due," he replied.

"No, but I have the money and want to pay it," and she laid down a big
roll of bills as she spoke. Fred took the money and gave her the note
she had signed.

"Now, Mr. Halsey," she said, as she tore up the note, "I want to say to
you that as long as I live I shall always have a feeling of lively
gratitude toward you for your kindness to me in this matter. You are the
one in all New York who would have loaned me that money."

"I am not sure of that," he replied, shaking his head.

"I am glad to know that you and Mr. Bryant are friends again," said Mrs.
Bryant. "He said you helped him out in a deal against that odious Mr.
Bowles the other day."

"Yes, we did manage to give the old man the headache, I believe."

"I was so glad when I heard it, for he is the meanest man in New York."

"That's a pretty hard thing to say of any one," Fred remarked, laughing.

They left the bank and Fred was smiling all over as he returned to his
private office.

"What will they think when they hear of the double wedding, I wonder?"
said he to himself. "I ought to have told them all, but it won't make
any difference, I guess. Hanged if I don't believe Eva Gaines would like
to have me call on her. I wouldn't give Callie for a dozen of her. She
is pretty enough, sweet enough and all that. But I think Callie has the
best head of the two, and knows how to take care of money."

At the appointed time the double wedding took place, and the four
families drove to the parsonage in four carriages. The two brides never
looked so beautiful, nor were the young grooms ever so proud as when
they gazed upon them as they met in the parlor of the parsonage.

They drove from the parsonage to Delmonico's for supper, where they
remained two hours at the table.

Young as they were, they did not put on any frills, but drove home after
the supper, and began life like the sensible people they were.

Thus ends the story of how two boys made their fortunes in Wall street.
They soon became one of the strong institutions of the city.

Halsey & Company frequently met with reverses, but their gains were far
ahead of their losses.

By the time they were old enough to vote they were rated as
millionaires, and each was a father. They are now in the prime of life,
and yet still known as the boy bankers.


Next week's issue will contain "ALOW AND ALOFT; OR, THE DASHING BOY
HARPOONER."






End of the Project Gutenberg EBook of Halsey & Co., by H. K. Shackleford

*** END OF THIS PROJECT GUTENBERG EBOOK HALSEY & CO. ***

***** This file should be named 21963.txt or 21963.zip *****
This and all associated files of various formats will be found in:
        https://www.gutenberg.org/2/1/9/6/21963/

Produced by Richard Halsey

Updated editions will replace the previous one--the old editions
will be renamed.

Creating the works from public domain print editions means that no
one owns a United States copyright in these works, so the Foundation
(and you!) can copy and distribute it in the United States without
permission and without paying copyright royalties.  Special rules,
set forth in the General Terms of Use part of this license, apply to
copying and distributing Project Gutenberg-tm electronic works to
protect the PROJECT GUTENBERG-tm concept and trademark.  Project
Gutenberg is a registered trademark, and may not be used if you
charge for the eBooks, unless you receive specific permission.  If you
do not charge anything for copies of this eBook, complying with the
rules is very easy.  You may use this eBook for nearly any purpose
such as creation of derivative works, reports, performances and
research.  They may be modified and printed and given away--you may do
practically ANYTHING with public domain eBooks.  Redistribution is
subject to the trademark license, especially commercial
redistribution.



*** START: FULL LICENSE ***

THE FULL PROJECT GUTENBERG LICENSE
PLEASE READ THIS BEFORE YOU DISTRIBUTE OR USE THIS WORK

To protect the Project Gutenberg-tm mission of promoting the free
distribution of electronic works, by using or distributing this work
(or any other work associated in any way with the phrase "Project
Gutenberg"), you agree to comply with all the terms of the Full Project
Gutenberg-tm License (available with this file or online at
https://gutenberg.org/license).


Section 1.  General Terms of Use and Redistributing Project Gutenberg-tm
electronic works

1.A.  By reading or using any part of this Project Gutenberg-tm
electronic work, you indicate that you have read, understand, agree to
and accept all the terms of this license and intellectual property
(trademark/copyright) agreement.  If you do not agree to abide by all
the terms of this agreement, you must cease using and return or destroy
all copies of Project Gutenberg-tm electronic works in your possession.
If you paid a fee for obtaining a copy of or access to a Project
Gutenberg-tm electronic work and you do not agree to be bound by the
terms of this agreement, you may obtain a refund from the person or
entity to whom you paid the fee as set forth in paragraph 1.E.8.

1.B.  "Project Gutenberg" is a registered trademark.  It may only be
used on or associated in any way with an electronic work by people who
agree to be bound by the terms of this agreement.  There are a few
things that you can do with most Project Gutenberg-tm electronic works
even without complying with the full terms of this agreement.  See
paragraph 1.C below.  There are a lot of things you can do with Project
Gutenberg-tm electronic works if you follow the terms of this agreement
and help preserve free future access to Project Gutenberg-tm electronic
works.  See paragraph 1.E below.

1.C.  The Project Gutenberg Literary Archive Foundation ("the Foundation"
or PGLAF), owns a compilation copyright in the collection of Project
Gutenberg-tm electronic works.  Nearly all the individual works in the
collection are in the public domain in the United States.  If an
individual work is in the public domain in the United States and you are
located in the United States, we do not claim a right to prevent you from
copying, distributing, performing, displaying or creating derivative
works based on the work as long as all references to Project Gutenberg
are removed.  Of course, we hope that you will support the Project
Gutenberg-tm mission of promoting free access to electronic works by
freely sharing Project Gutenberg-tm works in compliance with the terms of
this agreement for keeping the Project Gutenberg-tm name associated with
the work.  You can easily comply with the terms of this agreement by
keeping this work in the same format with its attached full Project
Gutenberg-tm License when you share it without charge with others.

1.D.  The copyright laws of the place where you are located also govern
what you can do with this work.  Copyright laws in most countries are in
a constant state of change.  If you are outside the United States, check
the laws of your country in addition to the terms of this agreement
before downloading, copying, displaying, performing, distributing or
creating derivative works based on this work or any other Project
Gutenberg-tm work.  The Foundation makes no representations concerning
the copyright status of any work in any country outside the United
States.

1.E.  Unless you have removed all references to Project Gutenberg:

1.E.1.  The following sentence, with active links to, or other immediate
access to, the full Project Gutenberg-tm License must appear prominently
whenever any copy of a Project Gutenberg-tm work (any work on which the
phrase "Project Gutenberg" appears, or with which the phrase "Project
Gutenberg" is associated) is accessed, displayed, performed, viewed,
copied or distributed:

This eBook is for the use of anyone anywhere at no cost and with
almost no restrictions whatsoever.  You may copy it, give it away or
re-use it under the terms of the Project Gutenberg License included
with this eBook or online at www.gutenberg.org

1.E.2.  If an individual Project Gutenberg-tm electronic work is derived
from the public domain (does not contain a notice indicating that it is
posted with permission of the copyright holder), the work can be copied
and distributed to anyone in the United States without paying any fees
or charges.  If you are redistributing or providing access to a work
with the phrase "Project Gutenberg" associated with or appearing on the
work, you must comply either with the requirements of paragraphs 1.E.1
through 1.E.7 or obtain permission for the use of the work and the
Project Gutenberg-tm trademark as set forth in paragraphs 1.E.8 or
1.E.9.

1.E.3.  If an individual Project Gutenberg-tm electronic work is posted
with the permission of the copyright holder, your use and distribution
must comply with both paragraphs 1.E.1 through 1.E.7 and any additional
terms imposed by the copyright holder.  Additional terms will be linked
to the Project Gutenberg-tm License for all works posted with the
permission of the copyright holder found at the beginning of this work.

1.E.4.  Do not unlink or detach or remove the full Project Gutenberg-tm
License terms from this work, or any files containing a part of this
work or any other work associated with Project Gutenberg-tm.

1.E.5.  Do not copy, display, perform, distribute or redistribute this
electronic work, or any part of this electronic work, without
prominently displaying the sentence set forth in paragraph 1.E.1 with
active links or immediate access to the full terms of the Project
Gutenberg-tm License.

1.E.6.  You may convert to and distribute this work in any binary,
compressed, marked up, nonproprietary or proprietary form, including any
word processing or hypertext form.  However, if you provide access to or
distribute copies of a Project Gutenberg-tm work in a format other than
"Plain Vanilla ASCII" or other format used in the official version
posted on the official Project Gutenberg-tm web site (www.gutenberg.org),
you must, at no additional cost, fee or expense to the user, provide a
copy, a means of exporting a copy, or a means of obtaining a copy upon
request, of the work in its original "Plain Vanilla ASCII" or other
form.  Any alternate format must include the full Project Gutenberg-tm
License as specified in paragraph 1.E.1.

1.E.7.  Do not charge a fee for access to, viewing, displaying,
performing, copying or distributing any Project Gutenberg-tm works
unless you comply with paragraph 1.E.8 or 1.E.9.

1.E.8.  You may charge a reasonable fee for copies of or providing
access to or distributing Project Gutenberg-tm electronic works provided
that

- You pay a royalty fee of 20% of the gross profits you derive from
     the use of Project Gutenberg-tm works calculated using the method
     you already use to calculate your applicable taxes.  The fee is
     owed to the owner of the Project Gutenberg-tm trademark, but he
     has agreed to donate royalties under this paragraph to the
     Project Gutenberg Literary Archive Foundation.  Royalty payments
     must be paid within 60 days following each date on which you
     prepare (or are legally required to prepare) your periodic tax
     returns.  Royalty payments should be clearly marked as such and
     sent to the Project Gutenberg Literary Archive Foundation at the
     address specified in Section 4, "Information about donations to
     the Project Gutenberg Literary Archive Foundation."

- You provide a full refund of any money paid by a user who notifies
     you in writing (or by e-mail) within 30 days of receipt that s/he
     does not agree to the terms of the full Project Gutenberg-tm
     License.  You must require such a user to return or
     destroy all copies of the works possessed in a physical medium
     and discontinue all use of and all access to other copies of
     Project Gutenberg-tm works.

- You provide, in accordance with paragraph 1.F.3, a full refund of any
     money paid for a work or a replacement copy, if a defect in the
     electronic work is discovered and reported to you within 90 days
     of receipt of the work.

- You comply with all other terms of this agreement for free
     distribution of Project Gutenberg-tm works.

1.E.9.  If you wish to charge a fee or distribute a Project Gutenberg-tm
electronic work or group of works on different terms than are set
forth in this agreement, you must obtain permission in writing from
both the Project Gutenberg Literary Archive Foundation and Michael
Hart, the owner of the Project Gutenberg-tm trademark.  Contact the
Foundation as set forth in Section 3 below.

1.F.

1.F.1.  Project Gutenberg volunteers and employees expend considerable
effort to identify, do copyright research on, transcribe and proofread
public domain works in creating the Project Gutenberg-tm
collection.  Despite these efforts, Project Gutenberg-tm electronic
works, and the medium on which they may be stored, may contain
"Defects," such as, but not limited to, incomplete, inaccurate or
corrupt data, transcription errors, a copyright or other intellectual
property infringement, a defective or damaged disk or other medium, a
computer virus, or computer codes that damage or cannot be read by
your equipment.

1.F.2.  LIMITED WARRANTY, DISCLAIMER OF DAMAGES - Except for the "Right
of Replacement or Refund" described in paragraph 1.F.3, the Project
Gutenberg Literary Archive Foundation, the owner of the Project
Gutenberg-tm trademark, and any other party distributing a Project
Gutenberg-tm electronic work under this agreement, disclaim all
liability to you for damages, costs and expenses, including legal
fees.  YOU AGREE THAT YOU HAVE NO REMEDIES FOR NEGLIGENCE, STRICT
LIABILITY, BREACH OF WARRANTY OR BREACH OF CONTRACT EXCEPT THOSE
PROVIDED IN PARAGRAPH F3.  YOU AGREE THAT THE FOUNDATION, THE
TRADEMARK OWNER, AND ANY DISTRIBUTOR UNDER THIS AGREEMENT WILL NOT BE
LIABLE TO YOU FOR ACTUAL, DIRECT, INDIRECT, CONSEQUENTIAL, PUNITIVE OR
INCIDENTAL DAMAGES EVEN IF YOU GIVE NOTICE OF THE POSSIBILITY OF SUCH
DAMAGE.

1.F.3.  LIMITED RIGHT OF REPLACEMENT OR REFUND - If you discover a
defect in this electronic work within 90 days of receiving it, you can
receive a refund of the money (if any) you paid for it by sending a
written explanation to the person you received the work from.  If you
received the work on a physical medium, you must return the medium with
your written explanation.  The person or entity that provided you with
the defective work may elect to provide a replacement copy in lieu of a
refund.  If you received the work electronically, the person or entity
providing it to you may choose to give you a second opportunity to
receive the work electronically in lieu of a refund.  If the second copy
is also defective, you may demand a refund in writing without further
opportunities to fix the problem.

1.F.4.  Except for the limited right of replacement or refund set forth
in paragraph 1.F.3, this work is provided to you 'AS-IS' WITH NO OTHER
WARRANTIES OF ANY KIND, EXPRESS OR IMPLIED, INCLUDING BUT NOT LIMITED TO
WARRANTIES OF MERCHANTIBILITY OR FITNESS FOR ANY PURPOSE.

1.F.5.  Some states do not allow disclaimers of certain implied
warranties or the exclusion or limitation of certain types of damages.
If any disclaimer or limitation set forth in this agreement violates the
law of the state applicable to this agreement, the agreement shall be
interpreted to make the maximum disclaimer or limitation permitted by
the applicable state law.  The invalidity or unenforceability of any
provision of this agreement shall not void the remaining provisions.

1.F.6.  INDEMNITY - You agree to indemnify and hold the Foundation, the
trademark owner, any agent or employee of the Foundation, anyone
providing copies of Project Gutenberg-tm electronic works in accordance
with this agreement, and any volunteers associated with the production,
promotion and distribution of Project Gutenberg-tm electronic works,
harmless from all liability, costs and expenses, including legal fees,
that arise directly or indirectly from any of the following which you do
or cause to occur: (a) distribution of this or any Project Gutenberg-tm
work, (b) alteration, modification, or additions or deletions to any
Project Gutenberg-tm work, and (c) any Defect you cause.


Section  2.  Information about the Mission of Project Gutenberg-tm

Project Gutenberg-tm is synonymous with the free distribution of
electronic works in formats readable by the widest variety of computers
including obsolete, old, middle-aged and new computers.  It exists
because of the efforts of hundreds of volunteers and donations from
people in all walks of life.

Volunteers and financial support to provide volunteers with the
assistance they need, is critical to reaching Project Gutenberg-tm's
goals and ensuring that the Project Gutenberg-tm collection will
remain freely available for generations to come.  In 2001, the Project
Gutenberg Literary Archive Foundation was created to provide a secure
and permanent future for Project Gutenberg-tm and future generations.
To learn more about the Project Gutenberg Literary Archive Foundation
and how your efforts and donations can help, see Sections 3 and 4
and the Foundation web page at https://www.pglaf.org.


Section 3.  Information about the Project Gutenberg Literary Archive
Foundation

The Project Gutenberg Literary Archive Foundation is a non profit
501(c)(3) educational corporation organized under the laws of the
state of Mississippi and granted tax exempt status by the Internal
Revenue Service.  The Foundation's EIN or federal tax identification
number is 64-6221541.  Its 501(c)(3) letter is posted at
https://pglaf.org/fundraising.  Contributions to the Project Gutenberg
Literary Archive Foundation are tax deductible to the full extent
permitted by U.S. federal laws and your state's laws.

The Foundation's principal office is located at 4557 Melan Dr. S.
Fairbanks, AK, 99712., but its volunteers and employees are scattered
throughout numerous locations.  Its business office is located at
809 North 1500 West, Salt Lake City, UT 84116, (801) 596-1887, email
business@pglaf.org.  Email contact links and up to date contact
information can be found at the Foundation's web site and official
page at https://pglaf.org

For additional contact information:
     Dr. Gregory B. Newby
     Chief Executive and Director
     gbnewby@pglaf.org


Section 4.  Information about Donations to the Project Gutenberg
Literary Archive Foundation

Project Gutenberg-tm depends upon and cannot survive without wide
spread public support and donations to carry out its mission of
increasing the number of public domain and licensed works that can be
freely distributed in machine readable form accessible by the widest
array of equipment including outdated equipment.  Many small donations
($1 to $5,000) are particularly important to maintaining tax exempt
status with the IRS.

The Foundation is committed to complying with the laws regulating
charities and charitable donations in all 50 states of the United
States.  Compliance requirements are not uniform and it takes a
considerable effort, much paperwork and many fees to meet and keep up
with these requirements.  We do not solicit donations in locations
where we have not received written confirmation of compliance.  To
SEND DONATIONS or determine the status of compliance for any
particular state visit https://pglaf.org

While we cannot and do not solicit contributions from states where we
have not met the solicitation requirements, we know of no prohibition
against accepting unsolicited donations from donors in such states who
approach us with offers to donate.

International donations are gratefully accepted, but we cannot make
any statements concerning tax treatment of donations received from
outside the United States.  U.S. laws alone swamp our small staff.

Please check the Project Gutenberg Web pages for current donation
methods and addresses.  Donations are accepted in a number of other
ways including including checks, online payments and credit card
donations.  To donate, please visit: https://pglaf.org/donate


Section 5.  General Information About Project Gutenberg-tm electronic
works.

Professor Michael S. Hart was the originator of the Project Gutenberg-tm
concept of a library of electronic works that could be freely shared
with anyone.  For thirty years, he produced and distributed Project
Gutenberg-tm eBooks with only a loose network of volunteer support.


Project Gutenberg-tm eBooks are often created from several printed
editions, all of which are confirmed as Public Domain in the U.S.
unless a copyright notice is included.  Thus, we do not necessarily
keep eBooks in compliance with any particular paper edition.


Most people start at our Web site which has the main PG search facility:

     https://www.gutenberg.org

This Web site includes information about Project Gutenberg-tm,
including how to make donations to the Project Gutenberg Literary
Archive Foundation, how to help produce our new eBooks, and how to
subscribe to our email newsletter to hear about new eBooks.