Page:Letters from a Self-Made Merchant to His Son.djvu/238

Rh you at a profit of four hundred and sixty-odd dollars. I was mighty hot, you bet, to know that you had been speculating, but I had to swallow and allow that you were a pretty sharp boy. I told Horshey to close out the account and send me a check for your profits and I would forward it, as I wanted to give you a tip on the market before you did any more trading.

I inclose the check herewith. Please indorse it over to the treasurer of The Home for Half Orphans and return at once. I will see that he gets it with your compliments.

Now, I want to give you that tip on the market. There are several reasons why it isn't safe for you to trade on 'Change just now, but the particular one is that Graham & Co. will fire you if you do. Trading on margin is a good deal like paddling around the edge of the old swimming hole—it seems safe and easy at first, but before a fellow knows it he has stepped off the edge into deep water. The wheat pit is only thirty