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silly。; 

     ;I believe I know what you mean�察─�replied Richard�察 �and I shall come 

to it presently。 If any one was silly�察�it was not you。; 

     ;I did not sell Amalgamated Electric on Wednesday�察�and on Thursday 

a   doubt   about   the   increased   dividend   began   to   be   circulated。  The   stock�察�

nevertheless�察�after a forenoon of weakness�察�rallied。 Moreover a check for 

my first dividend came from the Pollyopolis Heat�察�Light�察�Power�察�Paving�察�

Pressing�察�and Packing Company。; 

     ;'What a number of things it does��' exclaimed Ethel�察�when I showed 

her the company's check。; 

     ;'Yes��'   I   replied�察  �and   quoted   Browning   to   her�此  �''Twenty´nine   Distinct 

damnations。 One sure if the other fails。' Beverly's mother has a lot of it。'; 

     ;But Ethel did not smile。 'Richard��' she said�察�'I do wish you had more 

investments with ordinary simple names�察�like New York and New Haven�察�

or Chicago and Northwestern。' And when I told her that I thought this was 

really    unreasonable�察     �she  was    firm。   'Yes��'  she   replied�察  �'I  don't  like  the 

namesnot most of them�察�at least。 Dutchess and Columbia Traction sounds 

pretty well�察  �and   besides that�察 �of course   one knows how successful   these 

electric   railways   are。   But   take   the   Standard   Egg   Trust�察  �and   the   Patent 

Pasteurised Infant Rubber Feeder Company。'; 



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     ;'Why�察�Ethel��' I exclaimed�察�'those are both based upon great inventions�察�

Mr。 Beverly'; 

     ;But    she   interrupted    me    earnestly   'I  know    about    those   inventions�察�

Richard�察  �for   I   have   procured   the   prospectuses。 And   I   wish   that   I   could 

have told you my own feeling about them before you bought any of the 

stock。'; 

     ;'I do not think you can fully have taken it in�察�Ethel。'; 

     ;'I trust that it may not have fully taken you in��' she replied。 'Have you 

noticed what those stocks are selling for at present��'; 

     ;Of course I had noticed this。 I had paid 63 for Standard Egg�察�and it 

was   now   48�察  �while   11   was   the   price   of   Patent   Pasteurized   Feeder�察  �for 

which I had paid 20。 But this�察�Mr。 Beverly assured me�察�was a normal and 

even healthy course for a new stock。 'Had they gone up too soon and too 

high��' he explained�察�'I should have suspected some crooked manipulation 

and    advised     selling   at  once。    But   this  indicates    a   healthy    absorption 

preliminary to a natural rise。 I should not dream of letting mother part with 

hers。'; 

     ;The basis of Standard Egg was not only a monopoly of all the hens in 

the United States�察�but a machine called a Separator�察�for telling the age and 

state of an egg by means of immersion in water。 Perfectly good eggs sank 

fast and passed out through one distributor�察�fairly nice eggs did not reach 

the bottom�察  �and   were   drawn   off   through   another   sluice�察  �and   so   on。 This 

saved the wages of the egg twirlers�察�whose method of candling eggs�察�as it 

was called�察�was far less rapid than the Separator。 And when I learned that 

one   house   in   St。   Louis   alone   twirled   50��000   eggs   in   a   day�察  �the   possible 

profits of the Egg Trust became clear to me。 But they were not so clear to 

Ethel。   She   said   that   you   could   not   monopolise   hens。   That   they   would 

always be laying eggs and putting it in the power of competitors to hatch 

them by incubators。 Nor did she have confidence in the Pasteurised Feeder。 

'Even   if   you   get   the   parents   to   adopt   it��'   she   said�察  �'you   cannot   get   the 

children。  If   they  do   not like   the   taste   of the   milk   as it   comes   out   of   the 

bottle through the Feeder�察�they will simply not take it。'; 

     ;'Well��' I answered�察�'old Mrs。 Beverly is holding on to hers。'; 



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     ;When I said this�察�Ethel sat with her mouth tight。 Then she opened it 

and said�此�'I hate that woman。'; 

     ;'Hate her�拭�Why�察�you have never so much as laid eyes on her。'; 

     ;'That is not at all necessary。 I consider it indecent for a grey haired 

woman   with   grandchildren   to   be   speculating   in   the   stock   market   every 

week like a regular bull or bear。'; 

     ;Every point in this outburst of Ethel's seemed to me so unwarrantable 

that I was quite dazed。 I sat looking at her�察�and her eyes filled with tears。 

'Oh Richard��' she exclaimed�察�'she will ruin you�察�and I hate her��'; 

     ;'My  dear   Ethel��'   I   replied�察  �'she   will   not。 And   only  see   how   you   are 

making it all up out of your head。 You have never seen her�察�but you speak 

of her as a grey´haired grandmother。'; 

     ;'She must be�察�Richard。 You have told me that Mr。 Beverly is a married 

man and about forty´five。 No doubt he has older sisters and brothers。 But 

if   he   has   not�察  �his   mother   can   hardly   be   less   than   sixty´five�察  �and   he   has 

probably been married for several years。 He might easily have a daughter 

coming      out�察  �next   winter�察  �and   a  son   at  Harvard     or  Yale�察  �and    if  their 

grandmother's hair is not grey�察�that is quite as unnatural as her speculating 

in monopolised eggs in this way at her age。 She must be a very unladylike 

person。'; 

     ;Ethel�察  �I   saw�察  �was   excited。   Therefore   I   made   no   more   point   of   her 

theories concerning the appearance and family circle of old Mrs。 Beverly。 

But   in   justice   to   myself   I   felt   obliged   to   remind   her�察  �first�察  �that   I   was 

investing�察�not speculating�察�and second�察�that it was Mr。 Beverly's advice I 

was   following�察 �and   not that of his   mother。  'Had   he  not spoken   of   her��'   I 

said�察�'I should have remained unaware of her existence。'; 

     ;'She is at the bottom of it all the same��' said Ethel。 'Everything you 

have bought has been because she bought it。'; 

     ;'That is not quite the right way to put it��' I replied。 'I was willing to 

buy these securities because Mr。 Beverly thought so highly of them that he 

felt justified in'; 

     ;'There is no use��' interrupted Ethel�察�'in our going round this circle as if 

we were a pair of squirrels。 I do not ask you to hate that woman for my 



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sake�察  �but   I   cannot   change   my   own   feeling。   Do   you   remember�察  �Richard�察�

about the City of Philippi Sewer Bonds�拭�You did not want to buy them at 

first。 You told me yourself that you thought new towns in Texas were apt 

to buzz suddenly and then die because all the people hurried away to some 

newer     town    and    left  the  houses    and    stores   standing    empty。    But   Mr。 

Beverly's mother got some�察�and all your hesitation fled。 And now I see that 

the Gulf�察�Galveston�察�and Little Rock is going to build a branch that may 

make Philippi a perfectly evaporated town。 If you sold these bonds to´day�察�

how much would you lose��'; 

     ;I   did   not   enjoy   telling   Ethel   how   much�察  �but   I   had   to。   'Only   fifteen 

thousand dollars��' I said。; 

     ;'Only��' said Ethel。 'Well�察�I hope his mother will lose a great deal more 

than that。'; 

     ;It is seldom that Ethel taps her foot�察�but she had begun to tap it now�察�

and this inclined me to avoid any attempt at a soothing reply�察�in the hope 

that silence   might   prove   still more   soothing�察 �and   that thus   we   might get 

away from old Mrs。 Beverly。; 

     ;'She     cannot     possibly    be    less   than    sixty´five��'   Ethel    presently 

announced。 'And she is far more likely to be seventy。'; 

     ;I thought it best to agree to any age that Ethel chose to give the old 

lady。; 

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