Page:The Confidence Man.djvu/47

Rh stock-holders sold out; but, to frustrate the aim of the alarmists, the Company, previously advised of their scheme, so managed it as to get into its own hands those sacrificed shares, resolved that, since a spurious panic must be, the panic-makers should be no gainers by it. The Company, I hear, is now ready, but not anxious, to redispose of those shares; and having obtained them at their depressed value, will now sell them at par, though, prior to the panic, they were held at a handsome figure above. That the readiness of the Company to do this is not generally known, is shown by the fact that the stock still stands on the transfer-book in the Company's name, offering to one in funds a rare chance for investment. For, the panic subsiding more and more every day, it will daily be seen how it originated; confidence will be more than restored; there will be a reaction; from the stock's descent its rise will be higher than from no fall, the holders trusting themselves to fear no second fate."

Having listened at first with curiosity, at last with interest, the merchant replied to the effect, that some time since, through friends concerned with it, he had heard of the company, and heard well of it, but was ignorant that there had latterly been fluctuations. He added that he was no speculator; that hitherto he had avoided having to do with stocks of any sort, but in the present case he really felt something like being tempted. "Pray," in conclusion, "do you think that upon a pinch anything could be transacted on board here with the transfer-agent? Are you acquainted with him?"