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nca TWO. TUB GASTONIA GAZKTTE. FlUDAY, MAY 13, 1010. "SPECULATING ON MARGIN. " American and English Way of Doing :.V It Aro Vory Different la America a speculator's capital with an exception to b noted belowi - Is necessarily at least the sUe of hi margin In bis broker" hands, though 1 It Is to Ik feared that In only too nmn.r Instance It Is just ibis and mxbiug more. On tbe London Stock Exchange an other method prevails which, snya Moody's Magazine, it Is probable bus done more In the Ions ag pust to jrl v stock 8pciiliition itw bud name Ihnn all tbe episodes of mi unsavory niiiure which have ever occum-d n A inert can exchanges. In London after the Inevitable lutriMluction to a broker the new customer Kivcs his order, but makes no deposit tit all The broker Is supposed to lenrn something of his new client's mean and bow far he should le allowed i commit himself. Twice H mniiih the English have what ibey call their set tlement days. A customer Umg of a Stock whose commitment has gone somewhat against him is then required to pay the differences, us they are called, between his purchase price and the current tjuotatlon. lie must also pay a charge "ailed a , contango for holding the settlement over Into the neit fortnightly period If he does uot wish to close the com mitment. As a consequence of this ynj of doing business a s;eculator may be trading on a few points mar gin In reality or. in fact on no margin at all. He may be utterly penniless .Without the broker knowing It. That this method works out with fewer losses in England than It would do here Is due to the fact that the social and economic strata to which an Englishman belongs are much easier to determine than the corresponding facts among us. and also that nn Intro duction means more there thaii here, as the Introducer is regarded as to a certain extent responsible morally for the business deportment of his friend. It is worth while observing (and this Is the exception referred to ubovei that In certain instauces tbe methods pursued In American stock exchange bouses are the same as those obtaining In London. Little us the fact is known. It Is not an unfrequent custom for very Wealthy speculators to have uo fixed margin or even uo margin at all with their brokers. If a man of this sort loses on a com mitment be sends his broker a chock for the loss. If be wins bis brokers jeemit to him for bis gains. The bro ker dislikes to offend a very powerful client by troubling him for funds, and hence takes risks with his account Which he would not dream of taking With the account of smaller uwu. lt Stances of this sort sometimes become public In cases where the broker is forced into bankruptcy, whether ow ing to this cause or not. SPLIT OS RAILWAY, BILL, North Carolina Democrats Divided Votes Republican Voted for ' It Mr. Webb' Reasons. Charlotte Observer. Washington, May 10. The North Carolina Democrats spilt on the railway bill. Representatives Page, K itch In, Webb and Pou voted for It and Representatives Small and God win were paired. "I voted for the bill," eald Mr. Webb tonight, "because it contains several specific Democratic demands, among them being first: The amend ment carrying a long and short haul provision so important to Charlotte; second, it brings telegraph and tel ephone lines under tbe supervision of the Interstate Commerce Com mission and, third. It provides for the physical valuation of the rail roads of the country." The three Republicans voted for it. , "So, it would appear." mused the countess.. "I wonder why?" Nicholas pursed bis lips qulxtlcally. "I supiKse It has not occurred to you that he might be well. Interested In you?" '' The countess eyed him with cool on concern. . "I'm afraid yon are making rather an impudent guess. Mr. Wallow." "But It's no-guess. Devlne told me himself that Is. be as good as con leaned as much." - - uer calm poise was ruffled. Color flashed Into ber cheeks betraylngly. "Do you mean to Imply that be talk ed to you of of meT" she demanded. "Well. I will admit that I drew him out I could see It plain enough, you know, and when 1 asked him he dhjn't attempt to deny, although he did have the grace to protest lils own unworthl- ness. Good of him. wasn't It? Oh, yes, he has Improved the opportunities you gave him! He has had the audaci ty to fall In love with you, countess. My congratulations on your conquest" He held his head at a knowing angle. "Then why did he send you here to day Instead of coming himself?" Unaccountable. Perhaps he flunked at the last moment. He tuav have Cherub Dtevine By SEWELL FCRD Copyright. 1909. by Mitchell Kennerley N Could Do For Herself. She was a very delightful but a very aged lady over ninety and her friends and relatives and even chance ac quaintances, drawn by ber exquisite personality, all did ber homage and. as the saying is. 'waited on her band and foot." She accepted It all very graciously, but with some inward rebellion, for to a very old and close mouthed friend she once said, with a quaint pucker of lips and brows: "1 am reminded sometimes of the old lines: "Twa were blowln' at her nose. t And three were bucklln' at her slioon." Youth's Companion. A Word For the Tightwad. In France they have an expressive phrase, liquid money." it means that part of the family income which is Used for the necessities and luxuries Of life. It is quite apart from and hept apart from the more serious, sub stantial part of the income, which is the saved part. In America the entire Income is "liquid, and the uisu who at tempts to make part of it solid is called a "tightwad." A "tightwad" Is really a man who creates a princi pal a capital, in other words and tie Is the living example of what every private business must be mid of bow the country's resources should be han dled. Argonaut ! Voting In Spain. Voting In Spa4u is held to be a duty to the community, uot merely a priv ilege of the individual, and neglect of civic obligations carries its own pen alty. Male udults of legal age and un der seventy, with the exception of priests, notaries and Judges, are re quired to vote in municipal elections. Failure to cast a ballot is punishable by having one's name published as censure for neglect, by having taxes Increased 2 per cent by suffering a deduction of 1 per cent in Ralary if employed in the public service and for the second offense tbe loss of right to hold elective or appointive otiics. Hi Landscapes. A nonveau riche recently attended a picture sale. A friend who bad noticed him at the sale asked afterward. "Did you pick up anything at that picture sale, Jorkins?" and tbe other respond- jed: "Ob, yes; a couple of landscapes. (One of 'em was a basket of fruit aud athe other a storm at sea." A e Katner in other. Don't yon know that tune? I for get the name of It but It goes like this." And be whistled It After he bad finished his friend turned to him lth a sigh. "1 wish to goodness yon had remembered the name and not tbe tune." be said. LI p pmcotra. Exactness In little duties is a won derful source of cheerfulness. ra ber. CHAPTER X. ICIIOLAS squirmed a little in bis chair. "Mr. Devine is In many ways a er a remarkable man." "If he were only something besides a stock gambler, if he would only ap ply his talents to something differ ent" "I hadn't thought of his talents as being misdirected." he said slowly. "But he has evidently been listening to some oue who thinks as you do, for he tells me that he has given up spec ulating In stocks." "He he has given up! Why? When?" "At noon today, when he obtained control of the l, Z. and X. railroad aud became its president" "A railroad president! Why, that Is quite quite respectable. Isn't ItV" "Almost," gravely assented Mr. Wal loway. "Isn't he splendid?" exclaimed the countess, clasping ber bauds. "And don't you think. Nicholas, now that be has well, reformed that he will be usked about among nice people?" "My denr countess," began Nicholas, once more assuming the judicial pose. "you must not forget that he is still Cherub Devine. As a successful ma nipulator of stock he is entitled to re spect; as a railroad president he will be a financial power to be reckoned with: as to his social fitness, that is a matter to which 1 have not given the attention which you appear" "Am I beiug lectured, Nicholas Wal- loway?" asked the countess demurely. "I trust we have known each other long enough. Adele, for me to offer a friendly suggestion. But if you resent such" "On. no! Go on, Nicholas. What else about Mr. Devine?" Young Mr. Walloway flushed under tbe subtle mockery of her eyes. "Nothing more, countess," and he bowed stiffly, "only I did not know that you considered Mr. Devine a a" The countess laughed lightly. "Oh, I've told him bo wasn't." "You you said that to the Cherub?" The couutess nodded. "And he what did he" "He said he had never claimed to be a gentleman." "Ah!" Youug Mr. Walloway seemed to have gained a new viewpoint Ills exclamation was oue of relief. Now he could understand the attitude of the countess toward Cherub Devine. It was merely an impersonal Interest which she had taken In a somewhat picturesque public character whom she had chanced to see at close range. "1 beg pardon for my suggestion,' he went on. "I see you know the Cherub better than I thought Inter esting chap, Isu t he? He has his good poiuts. too oh, really, has a code of honor all his own that he sticks to as faithfully as if it were well, the accepted code. And he Is generosity Itself to those whom he fancies." "Is ha. Indeed r There was -an encouraging note In her tone. "Oh. extremely! Now, In the matter of buying those shares, they were never actually quoted at that figure, you know, but he needed them very badly, and he fixed the price accord ingly, whereas be might have pur chased them for a fifth as much and still paid you the highest market rate." "Then be practically makes me a gift of this?" And tbe countess But tered the pink check disdainfully. "Oh. not Had I been selling, the shares for you, knowing how badly he needed them, I could have forced aim to pay even more. No, it Was a-business transaction, but generosity was displayed none the less. And his offer to hand over Ilewlngtoq Acres at your own terms that is snotber example. Of course he doesn't want the place on his hands, but he could readily dis pose of it at a profit Evidently lis wishes you to retain possession, hsrw- Wb&JF ! mVk r -. .v. ' .... ) v "well, countess, w smashed em. didn't wt? And you had a band In It, after all Nick told you. eh r Evidently she hud been standing there . In the window recess in tbe library watting for him. Whether by accident or design, It proved to be a very effective pose, tor tbe slender grace fulness of her dark robed figure came out In stroug relief against the dull green window hangings, and the mel low afternoon light showed the blut of color In the king oval of her cheek. "Yes, Nicholas -tons told me, Mr. De- vine told ine all about everything. In fact, he made quite a full confession." Decidedly this was not a' cordial opening Her tone was coot, almost cyuical. Something was wrong. . hope Nick didn't overdo the thing. couutvss. Did her "I'm sure 1 don't know. Mr. Devine. That all deends upon bow much you Intended him to say." "Well, he told you about how handy those shares cume iur" "Yes." "Aud the price, he got for tbem and how I wanted you to buy buck the house?" All of those things Nicholas ex plained fully." And it's all right isn't It? Any hitch over details?" The countess walked to a table and picked up a long dmameut euvelope. I merely wish to understand clearly your proposals." she was saying. "You sent Mr. Wallowav here to offer me most the suggestion of a highly strong boW, which he took to mean that she was lmnieusely displeased with him. What a mess he bad made of every thing, to be sure! Absorbed In these . uncomfortable reflections, the Cherub .uarrowty es caped collision with the solemnly alert Epplnga. wbo bad stalked for. ward to open the door. ;v , The Cherub hesitated. Was It his characteristic reluctance to acknowl edge defeat or a sense of not hsvlug lived up to his own, code? tie might at least have told her be was sorry. , Walt a minute, Epplnga,' Guess I've forgotten something." ' , A few resolute strides , took him back Into tbe room where be bad left her.' Perhaps she had uot gone. . No; there she was, but Why, what was up now? It was . quite obvious that tbe Countess Veccbl hud burled her face in the window draperies and was leaning against the wall of tbe room. Moreover, from the convulsive rise and fall of ber shoulders It looked as if she were sobbing - Oh!" As she wheeled quickly to ward him. saw wbo It was. realized that be was standing there looking at her, she dabbed furtively at her brim ming eyes with a wholly Inadequate handkerchief. "I I thought" she went on, "that you bad bad" "Yes, but I came back. You're not crying, are you?" "Crying! Certainly notr "No?" 'Well, If I was. I'm not now. I this check and an opportunity to buy ' shall uot again ever." buck Ilewlugtou Acres for the price you paid. Is that correct?'' n "That's O K... countess." "Also you confided to Mr. Walloway that you were that you entertained "That's right. You see, countess, I'm going to feel bud enough about this fluke of mlue to do for both of us. That's what 1 came back to say. I don't know Just bow to put It but tf certain seutimeuts of regard for me ! there's anything 1 can do to make you lou caned tt love. I believe." forcer that thre'n such a noraon Eh?" ejaculated the astonished ; Cherub Devine I'll do It eveu If It Cherub. "Say. Nick didu't give me '. comes to Junipiug off the dock." away like that did be? Honest, he j "There there Isn't anvthlnc" eyes shining under long Iaibed,'half closed lds. , i','. . . r "I know; ( have known," she wo whispering as ouV who pants out message after a loug. bard run. "Countessr he breuthed. "Then then you"- W -Yes,. Chemb." s ' . : ' fAbd you wlir ;Y. r -No. nor Suddenly she Was no longer passive. ' She struggled to free herselt - ,"Oh. you. must leave - tuel There Is something I cant tell-you. But I can't see you again perhaps uot for years. Oh. you must go awayr Gor echoed ibe Cherub. V -Yes, go and forget. Indeed you must Please go"- , . , , " ' "Yes. yes. couutess; I'll go. but not until" Impetuously he drew her face up to his until their lips met' It was no hasty. Inaccurate iierformsnce. lie made a thorough and highly satisfac tory Jorf of It before she could slip away rrom nun. "Now go, go! I 'lease go!" she pleaded. -Ifs tbe Inst thing I'd want to do." said the Cherub, "but if you say I must"- "Oh, Indeed you nusi! I've been weak, wickedly weak! And you must go away. No: don't look at me again or remember me. Go!" Cherub Devine reluctantly obeyed. Whether be walked soberly down the carriage rond or whether he floated through tbe 'air be could not bave told. Only when be reached the big stone gates was be sufficiently coin posed to take note) of concrete objects. And then be realized that some one was peering at him from behind a bunch of shrubbery. (To be continued.) JTItr LIST. wasn't chump enough to let on that 1 sald"- "To be made the topic of such an In timate disclosure aud by u persoil "Well, maybe It'll be some satisfac tion to you to know that 1 feel like well, like five-eighths off and nothing bid. Honest. I never meant to tell uom , mive suowu tor sucn a soon Nkt WHS lllat -.,. Th time under such peculiar couditious, j fhemh faltered "then he practically makes gift of tuis?" MS A thought you would not accept his fa vors if offered directly, so he asked me to come. Me! Isn't that rich?" "In Just what way?" And so quiet ly did she ask it that Nicholas should have had warning. "Why, he doesn't know how long I have waited for Just such a chance. But you know, Adele, and now" He had risen and was approaching the countess with outstretched arms. All that was needed to complete the happy reunion was for her to throw herself Into them. However, that was not precisely what happened. "Nicholas," said the countess reprov ingly, "sit down." "But If you will only Just listen to"- "Dease sit down, Nicholas." Nicholas sat "You used to tell me, Adele, that you loved" "Did I? It's no wonder, for you were forever mooning around asking me if I did." "I can imagine no reason why you should refuse to hear me say that 1 love you and' "Well, there Is a reason. If there wasn't I should Invent one." "I regret very deeply," he began, with great humility, "that anything I have Just said" "Now, that's better," said the Count ess Veccbl, relenting cheerfully. "When you start regretting very deeply you don't in the least mean It, but you're on the right track. Now forgive me aver." for bringing you up so sharply and let us finish our business. Ought I to ac cept all this money for those shares?" "Wouldn't It seem rather strange for you to demand less than is of fered?" You're right Well. I accept, then. And 1 do want to buy back our home here. But I feel I ought to deal direct ly with Mr. Devine himself in that matter. You will see that he comes. will you?" Mr. Walloway, assuming an air of stately gloom, stalked away from Ilewington Acres. By the time dinner was over he had quite recovered his usual poise and felt equal to the task of calling up Mr. Devine. "Well?" queried the Cherub eagerly. "How did you come on with the countess?" ."Excellent!" said Mr. Walloway, thinking only of the business he had been asked to transact "It's all set tled. She accepts." "What's that Nick? Accepts wbo?" "Why. the check. She will buy back the property too." "Oh! Is that all?" An unmistakable sigh of satisfaction came over the wires. "She wants to see you about it, though. Says she must deal direct Wants to know If you can come to morrow." "Why, sure I can. But say, Nick, are you certain there's nothing else no congratulations coming from me?" "Why er you might rongratulate the countess on making a good bargain if you wish." This was Indeflnte, but convincing. " -Poor old Nlckf said the Cherub aa he hung up the receiver. "He's had bla try out though. Tomorrow ItTI be up to me." , ,;t . . Cheiub Devine, having Vesolately slashed away all the entangling mesh of business cares, went smilingly out to Hewlngton Acres and Into the pres ence of the Countess Vecchi. ypu can fancy perhaps that I'd rather not dwell on It" "Great Scott yes!" groaned the Cherub, beginning to wipe bis fore head. "But give me a show here. countess. I'm trying to think how I came to do the sieve act. Oh. 1 must have done It. all right, but how" I'm afraid I can't share your Inter est in that problem. Let us not go Into it any deeper, if you please. You, told Mr. Walloway. aud then"- "Ah, 1 remember. He wished me luck. Wasn't that nice of him wben"- "When what?" spurred on the countess. ' "Why, when when he was In the same boat" "So Mr. Walloway exchanged confi dences, did he? Delightful!" "No, no! Nick didn't say a word. I found It out by accident Saw your picture in his locket, you know, and I'd heard about how he aud you used to"- "Iteally! I'm glad that there was some reserve In that discussion. Was it held on a street corner or in a hotel lobby or"- "Train!" groaned the Cherub. "Ah!" srfid the countess. "The other passengers must have been eutertuiii ed. Did any of them offer advice?" The Cherub sank Into a chair. "That's right." he observed. "Keep it up. I deserve it" "Hemorse," .commented the countess, "Is always touching, but It arrives so late iu the day. 1 am curious on only one point Having made your confes sion to Mr. Walloway and haviug learned of bis well, bis attitude to ward me what prompted you to send him here?" "Why. 1 thought Nick ought to have his chance." "You you thought" The Countess Vecchi appeared to grasp his meaning but slowly. Her brown eyes no longer resembled any kind of fireworks. They regarded him with wide wonder. "You see." continued the Cherub earnestly, "he's so much nearer your kind of a chap in your, class and all that aud I didn't knbw how you two stood, you know. Why, it didn't look Just right for me to butt in before well, before you and Nick had a show to iqake it up if you wanted to. That's all. It was only right" The silence which had followed his explanation lasted for several mo ments, and when the Countess Vecchi again spoke the clear cut sharpness of her tone was somewhat softened. "I understand. 1 believe I bave been told by some one that you had a code of honor that was all your own. Well, have you heard what use Mr. Wallo way made of his opportunity?" "1 had him call me up last night couldn't ask him right out you know, but" "More delicacy !" murmured the countess. "Ob, that's nothing for me! But I made him say enough so I could guess bow he came out You told him be wouldn't do. didn't your x Theshoulders of the Cbnntess Vecchi lifted trifle at this. -I, fried to be entirely frank with Mr. Walloway, as I am now trying to be frank with you, Mr. Devine, I wish to ask you If my acceptance of this check la a purely business transac tion." -Why. surer . -You would have paid as much to any one else?". -Been glad to." -And about your offer of Hewfcigtou Acres?" , -Straight business," "Then I accept both proposals." Fne paused, then spoke softly. -Good aft ernoon, Mr. Devine," , Aa he had found her, so she stood when he turned to leave tbe library. About her erect figure tkese was al- "You were going to do what?" sug gested tbe countess. "Why. to spring It on you. Oh. 1 can guess what you would say to it. but but See here, couutess, 1 could not help It You're tbe best 1 ever knew. Just seeing you these few days made things seem worih while. Why. 1 didn't know what I was living for before. And then before 1 knew how far I'd gone I was seeing nothing but you. I wish I could tell you ail about that countess." "No, no; you mustn't!" Again she turned to the draperies, biding ber flushed face In her bands. "Maybe If you hadn't read so many of those. newspaper yarns about me" "It isn't that; truly it is not" came in muffled tones from the countess. "Of course I can see where I don't measure up with the kind of men you've known, and 1 tried to keep that in mind all the time, but well, 1 couldn't do it that's all. You see. I haven't had much use for women. 1 thought they were all alike. But you you're different couutess. 1 wish I was different too. 1 wish I was more like Nick. If 1 was perhaps 1 could make you see how much I need you how Oh. say. ?ountess. couldn't you Just let me say" "No. no; don't say It please!" This came faintly, for her face was still bidden. "All right. I won't" The Cherub seemed to be swallowing the words Names of Jurors Chosen for Slay Term, Gaston Superior Court. The following is a list of the Jurors chosen at he April meeting of the county commissioners to serve during the May. term of Gaston Su perior Court, which will convene at Dallas on May 23: FIRST WEEK. C. A. Womble, South Point. Robert Howell, Crowders Moun tain. Phillip Mauney, Cherryville. Justice Armstrong, South Point. J. H. Trott, Cherryville. James A. Holmesley, Cherryville. J. P. Culp, Gaatonia. T. C. Hoard, CrowderB Mountain. C. W. Nipper, South Point. J. J. Ormand, Crowders Mountain. T. P. Glenn, South Point. T. L. Wilson, South Point. W. M. Harris, Crowders Mountain. Thomas A. Kennedy, Crowders Mountain. Lee Carpenter, Cherryville. W. A. Boyd, Gastonla. F. L. Stowe, Gastonla. J. L. WeBt. South Point. SECOND WEEK. J, B. Beal, Gastonla. J. L. Robinson, Gastonla. A. M. Ballard. Cherryville. R. P. Craig, South Point. R. N. Holland, Gastonia. R. T. Padgett, Gastonla. J. D. Sides, Crowders Mountain. L. J. HoRe, River Bend. L. T. McLean, Gastonla. R. W. Bradley, Gastonia. s R. Z. Robinson, River Bend. W. B. Biggers, Gastonia. J. R. Blair, South Point. J. K. Dixon, Gastonia. ; W. E. Clemmer, Gastonia. J. H. White, Crowders Mountain. . D. V. Burns. Sid -Hammitt. "XOU'BB ROT CBYTNO, ABB VOU V "Then 1 suppose It's It's goodby? He was near ber now, quite near. Inspect ing with helpless masculine anxiety tbe outward aspects of her distress. He noted tbe subdued tremors which came and went with ber sobs. "I'm sorry," he went on. "But Nick would have guessed it anyway. Not all though. He don't know how much. I wish you knew, countess. I wish" Just why It should have happened then or at 'all Cherub Devine will nev er understand. But the inexplicable arrived. He was aware of a sudden deep sob. which seemjd to shake from crown to heel the graceful figure be fore him, He heard a half articulated exclamation, saw her turn waveringiv toward him, and In tbe next Instant she was In his arms. Abruptly the old audacity had rushed upon him. and he hsd accomplished the Improbable. 1 ' Nor did that complete tbe miracle. She was clinging to him. one soft arm against his cheek, her warmly tinted face raised to his, her moist brown State of Ohio, city of Toledo, (. ss Lucas county. Frank J. Chensy makes oath -that he is senior partner of the firm of F. J. Cheney & Co., ara business in the City of Toledo tcudy and StaU aforesaid, anf that si' 1 firm will pay tna sum of ONS HUNDRED DOL- A.RS for each and every cast of Ca tarrh that cannot be cured by the use of Hall's Catarrh Care. Fraasr j. Cheney. Sworn to before me aud subscribed in my presencce, this 6th - day of December, A. D. 1888 A. W. Gleason, -(Seal.) V , Notary Public Hall's Catarrh Cure Is taken In ternally, and acts directly on the blood and mucous surfacea'of the .'stem. Send for testimonials frea. . F. J. Cheney & Co., " - Toledo, O. Sold by all druggists, 75 c. Take Hall's Family Pills for constipation. CURES R1D3U3IATTSM TO-STAY-CUIIED. - ' ' , Rhenmadde (liquid or tab lets) removes the cause and stops the pain quickly. An In ternal (blood) remedy, which - a nas cared thousands of bad cases. At all druggists. Trial bottle tablets by mail 25c Send coin or lc stamps. Booklet free. Address, Bobbltt Clicmlcal Com pany 31 W. Lombard. 9t Bal timore, Md, . ,
Gastonia Daily Gazette (Gastonia, N.C.)
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May 13, 1910, edition 1
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