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 not gone too well with "the things that people bought in the place that was called the Stock Exchange." In order to get on faster, it had been arranged that Ernest should buy more of these things than he could pay for, with the idea that in a few weeks, or even days, they would be much higher in value, and he could sell them at a tremendous profit; but, unfortunately, instead of getting higher, they had fallen immediately after Ernest had bought, and obstinately refused to get up again; so, after a few settlements, he had got frightened, for he read an article in some newspaper, which said they would go ever so much lower, and, contrary to Pryer's advice, he insisted on selling—at a loss of something like £500. He had hardly sold when up went the shares again, and he saw how foolish he had been, and how wise Pryer was, for if Pryer's advice had been followed, he would have made £500, instead of losing it. However, he told himself he must live and learn.

Then Pryer made a mistake. They had bought some shares, and the shares went up delightfully for about a fortnight. This was a happy time indeed, for by the end of a fortnight, the lost £500 had been recovered, and three or four hundred pounds had been cleared into the bargain. All the feverish anxiety of that miserable six weeks, when the £500 was being lost, was now being repaid with interest. Ernest wanted to sell and make sure of the profit, but Pryer would not hear of it; they would go ever so much higher yet, and he showed Ernest an article in some newspaper which proved that what he said was reasonable, and they did go up a little—but only a very little, for then they went down, down, and Ernest saw first his clear profit of three or four hundred pounds go, and then the £500 loss, which he thought he had recovered, slipped away by falls of a half and one at a time, and then he lost £200 more. Then a newspaper said that these shares were the greatest rubbish that had ever been imposed upon the English public, and Ernest could stand it no longer, so he sold out, again this time against Pryer's advice, so that when they went up,