MOTHER

By Owen Wister

 To My Favourite Broker With The Earnest Assurance That Mr. Beverly Is Not Meant For Him

NOTE

IN 1901, this story appeared anonymously as the ninth of a sequence ofshort stories by various authors, in a volume entitled A House Party. Ithas been slightly remodelled for separate publication. 

June 7, 1907, OWEN WISTER

MOTHER

When handsome young Richard Field--he was very handsome and veryyoung--announced to our assembled company that if his turn should reallycome to tell us a story, the story should be no invention of his fancy, but a page of truth, a chapter from his own life, in which himself wasthe hero and a lovely, innocent girl was the heroine, his wife at oncelooked extremely uncomfortable. She changed the reclining position inwhich she had been leaning back in her chair, and she sat erect, with ahand closed upon each arm of the chair. 

"Richard, " she said, "do you think that it is right of you to tell anyone, even friends, anything that you have never yet confessed to me?"

"Ethel, " replied Richard, "although I cannot promise that you will beentirely proud of my conduct when you have heard this episode of mypast, I do say that there is nothing in it to hurt the trust you haveplaced in me since I have been your husband. Only, " he added, "I hopethat I shall not have to tell any story at all. "

"Oh, yes you will!" we all exclaimed together; and the men looked eagerwhile the women sighed. 

The rest of us were much older than Richard, we were middle-aged, infact; and human nature is so constructed, that when it is at the agewhen making love keeps it busy, it does not care so much to listen totales of others' love-making; but the more it recedes from that periodof exuberance, and ceases to have love adventures of its own, thegreater become its hunger and thirst to hear about this deliciousbusiness which it can no longer personally practice with the fluency ofyore. It was for this reason that we all yearned in our middle-aged wayfor the tale of love which we expected from young Richard. He, on hispart, repeated the hope that by the time his turn to tell a story wasreached we should be tired of stories and prefer to spend the evening atthe card tables or in the music room. 

We were a house party, no brief "week-end" affair, but a gathering whoseperiod for most of the guests covered a generous and leisurely tendays, with enough departures and arrivals to give that variety whichis necessary among even the most entertaining and agreeable people. Ourskilful hostess had assembled us in the country, beneath a roof of NewYork luxury, a luxury which has come in these later days to be somuch more than princely. By day, the grounds afforded us both golf andtennis, the stables provided motor cars and horses to ride or drive overadmirable roads, through beautiful scenery that was embellished by amagnificent autumn season. At nightfall, the great house itself receivedus in the arms of supreme comfort, fed us sumptuously, and after dinnerministered to our middle-aged bodies with chairs and sofas of thehighest development. 

The plan devised by our hostess, Mrs. Davenport, that a story should betold by one of us each evening, had met with courtesy, but not I withimmediate enthusiasm. But Mrs. Davenport had chosen her guests with herusual wisdom, and after the first experiment, story telling proved sosuccessful that none of us would have readily abandoned it. When thetime had come for Richard Field to entertain the company with thepromised tale from his life experience, his hope of escaping this ordealhad altogether vanished. 

Mrs. Field, it had been noticed as early as breakfast time, was inclinedto be nervous on her husband's account. Five years of married life hadnot cured her of this amiable symptom, and she made but a light meal. He, on the other hand, ate heartily and without signs of disturbance. Apparently he was not even conscious of the glances that his wife sofrequently stole at him. 

"Do at least have some omelet, my dear, " whispered Mrs. Davenporturgently. "It's quite light. "

But Mrs. Field could summon no appetite. 

"I see you are anxious about him, " Mrs. Davenport continued afterbreakfast. "You are surely not afraid his story will fail to interestus?"

"No, it is not that. "

"It can't be that he has given up the one he expected to tell us and canthink of no other?"

"Oh, no; he is going to tell that one. "

"And you don't like his choice?"

"He won't tell me what it is!" Mrs. Davenport put down her embroidery. "Then, Ethel, " she laid with severity, "the fault is yours. When I hadbeen five years married, Mr. Davenport confided everything to me. "

"So does Richard. Except when I particularly ask him. "

"There it is, Ethel. You let him see that you want to know. "

"But I do want to know. Richard has had such interesting experiences, so many of them. And I do so want him to tell a thoroughly nice one. There's the one when he saved a man from drowning just below our house, the second summer, and the man turned out to be a burglar and broke intothe pantry that very night, and Richard caught him in the dark withjust as much courage as he had caught him in the water and just as fewclothes, only it was so different. Richard makes it quite thrilling. AndI mentioned another to him. But he just went on shaving. And now hehas gone out walking, and I believe it's going to be something I wouldrather not hear. But I mean to hear it. "

At lunch Mrs. Field made a better meal, although it was clear to Mrs. Davenport that Richard on returning from his walk had still kept hisintentions from Ethel. "She does not manage him in the least, " Mrs. Davenport declared to the other ladies, as Ethel and Richard started foran afternoon drive together. "She will not know anything more when shebrings him back. "

But in this Mrs. Davenport did wrong to Ethel's resources. The youngwife did know something more when she brought her husband back fromtheir drive through the pleasant country. They returned looking like anengaged couple, rather than parents whose nursery was already a song ofthree little voices. 

"He has told her, " thought Mrs. Davenport at the first sight of them, asthey entered the drawing-room for an afternoon tea. "She does understandsome things. "

And when after dinner the ladies had withdrawn to the library, andwaited for the men to finish their cigars, Mrs. Davenport spoke toEthel. "My dear, I congratulate you. I saw it at once. "

"But he hasn't. Richard hasn't told me anything. "

"Ethel! Then what is the matter?"

"I told him something. I told him that if it was going to be any storyabout--about something I shouldn't like, I should simply follow it witha story about him that he wouldn't like. "

"Ethel! You darling!"

"Oh, yes, and I said I was sure you would all listen, even though I wasnot an author myself. And I have it ready, you know, and it's awfullylike Richard, only a different side of him from the burglar one. "

"But, my dear, what did he do when you--"

This enquiry was, however, cut short by the entrance of the men. Andfrom the glance that came from Richard's eyes as they immediately soughtout his wife, Mrs. Davenport knew that he could not have done anythingvery severe to Ethel when she made that threat to him during theirdrive. 

Richard at once made his way to the easy-chair arranged each night ina good position for the narrator of the evening, and baptised "TheSingstool" by Mr. Graves. Mr. Graves was an ardent Wagnerian, andespecially devoted to The Mastersingers of Nuremberg. 

"Shall we have, " he whispered to Mr. Hillard, "a Beckmesser fiascoto-night, or will it be a Walter success?"

But Mr. Hillard, besides being an author and a critic, cared little forthe too literary cleverness of Mr. Graves. He therefore heavily crushedthat gentleman's allusion to Wagner's opera. "I remember, " he said, "thesinging contest between Beckmesser and Walter, and I doubt if we are tobe afflicted with anything so dull in this house. "

Richard had settled himself in the easy-chair, and was lookingthoughtfully at various objects in the room, while the small-talk wassubsiding around him. 

"Why, Mr. Field, " said Mrs. Davenport, "you look as if you could findnothing to suggest your story to you. "

"On the contrary, " said Richard, "it is the number of things thatsuggest it. This newspaper here, that has arrived since I was last inthe room, has a column which reminds me very forcibly of the experiencethat I have selected to tell you. But I think the most appropriate ofall is that picture. " He pointed to the largest picture on the wall. "'Breaking Home Ties' is its title, I remember very well. It is areplica of the original that drew such crowds in the Art Building at theWorld's Fair. "

While Richard was saying this, his wife had possessed herself of thenewspaper, and he now observed how eagerly she was scanning its pages. "It is the financial column, Ethel, that recalls my story. "

Ethel, after a hopeless glance at this, resumed her seat near the sofaby Mrs. Davenport. 

"There were many paintings, " continued Richard, "in that Art Building, of merit incomparably greater than 'Breaking Home Ties'; and yet thecrowd never looked at those, because it did not understand them. But atany hour of the day, if you happened to pass this picture, it took yousome time to do so. You could pass any of John Sargeant's pictures, forinstance, at a speed limited only by your own powers of running; butyou could never run past 'Breaking Home Ties. ' You had to work your waythrough the crowd in front of that just as you have to do at a fire, ora news office during a football game. The American people could neverget enough of that mother kissing her boy goodbye, while the wagon waitsat the open door to take him away from her upon his first journey intothe world. The idea held a daily pathos for them. Many had themselvesbeen through such leave takings; and no word so stirs the general heartas the word 'mother'. Song writers know this; and the artist knew itwhen he decided to paint 'Breaking Home Ties. ' And 'Mother' is the titleof my story to-night. "

"Mother!" This was Ethel's bewildered echo, "Whose Mother?" she softlymurmured to herself. 

Richard continued. "It concerns the circumstances under which I becameengaged to my wife. "

There was a movement from Ethel as she sat by the sofa. 

"Not all the circumstances, of course, " the narrator continued, with acertain guarded candour in his tone. "There are certain circumstanceswhich naturally attend every engagement between happy and--anddevoted--young people that they keep to themselves quite carefully, inspite of the fact that any one who has been through the experience ofbeing engaged two or three times--"

There was another movement from Ethel by the sofa. 

"--or even only once, as is my case, " the narrator went on, "any body, Isay, who has been through the experience of being engaged only once, can form a very correct idea of the circumstances that attend thehappy engagements of all young people. I imagine they prevail in allcountries, just as the feeling about 'mother' prevails. Yes, 'Mother' isthe right title for my story, as you shall see. Is it not strange thatif you add 'in-law' to the word 'mother, ' how immediately the sentimentof the term is altered?--as strongly indeed as when you prefix the word'step' to it. But it is with neither of these composite forms of motherthat any story deals. 

"Ethel has always maintained that if I had really understood her, itnever would have happened. She says--"

"Richard, I"--

"My dear, you shall tell your story afterwards, and I promise to listenwithout a word until you are finished. Mrs. Field says that if I hadunderstood her nature as a man ought to understand the girl he has beenthinking about for several years, I should have known she cared nothingabout my income. "

"I didn't care! I'd have"--but Mr. Field checked her outburst. 

"She was going to say, " said Mr. Field, "that had I asked her to marryme when I became sure that I wished to marry her, she would have beenwilling to leave New York and go to the waste land in Michigan that washer inheritance from a grandfather, and there build a cabin and live init with me; and that while I shot prairie chickens for dinner she wouldhave milked the cow which some member of the family would have beenwilling to give us as a wedding present instead of a statue of theWinged Victory, or silver spoons and forks, had we so desired. "

Richard made a pause here, and looked at his wife as if he expected herto correct him. But Ethel was plainly satisfied with his statement, andhe therefore continued. 

"I think it is ideal when a girl is ready to do so much as that for aman. But I should not think it ideal in a man to allow the girl heloved to do it for him. Nor did I then know anything about the landsin Michigan--though this would have made no difference. Ethel had beenaccustomed to a house several stories high, with hot and cold water inmost of them, and somebody to answer the door-bell. "

"The door-bell!" exclaimed Ethel. "I could have gone without hearingthat. "

"Yes, Ethel, only to hear the welkin ring would have been enough foryou. I know that you are sincere in thinking so. And the ringing welkinis all we should have heard in Michigan. But the more truly a man lovesa girl, the less can he bear taking her from an easy to a hard life. Iam sure that all the men here agree with me. "

There was a murmur and a nod from the men, and also from Mrs. Davenport. But the other ladies gave no sign of assenting to Richard's proposition. 

"In those days, " said he, "I was what in the curt parlance of the streetis termed a six-hundred-dollar clerk. And though my ears had grownaccustomed to this appellation, I never came to feel that it completelydescribed me. In passing Tiffany's window twice each day (for myhabit was to walk to and from Nassau Street) I remember that seeing athousand-dollar clock exposed for sale caused me annoyance. Of coursemy salary as a clerk brought me into no unfavourable comparison with theclock; and I doubt if I could make you understand my sometimes feelingwhen I passed Tiffany's window that I should like to smash the clock. "

"I met Ethel frequently in society, dancing with her, and sitting nexther at dinners. And by the time I had dined at her own house, and walkedseveral afternoons with her, my lot as a six-hundred-dollar clerkbegan to seem very sad to me. I wrote verses about it, and about othersubjects also. From an evening passed with Ethel, I would go nextmorning to the office and look at the other clerks. One of them wasfifty-five, and he still received six hundred dollars--his wages for thelast thirty years. I was then twenty-one; and though I never despairedto the extent of believing that years would fail to increase my valueto the firm by a single cent, still, for what could I hope? If my salarywere there and then to be doubled, what kind of support was twelvehundred dollars to offer Ethel, with her dresses, and her dinners, andher father's carriage? For two years I was wretchedly unhappy beneaththe many hours of gaiety that came to me, as to every young man. "

"Those two years we could have been in Michigan, " said Ethel, "had youunderstood. "

"I know. But understanding, I believe that I should do the same again. At the office, when not busy, I wrote more poetry, and began alsoto write prose, which I found at the outset less easy. When my firstwritings were accepted (they were four sets of verses upon the SummerResort) I felt that I could soon address Ethel; for I had made tendollars outside my salary. Had she not been in Europe that July, Ibelieve that I should have spoken to her at once. But I sent her thepaper; and I have the letter that she wrote in reply. "

"I"--began Ethel. But she stopped. 

"Yes, I know now that you kept the verses, " said Richard. "My nextmanuscript, however, was rejected. Indeed, I went on offering myliterary productions nearly every week until the following Januarybefore a second acceptance came. It was twenty five dollars this time, and almost made me feel again that I could handsomely support Ethel. But not quite. After the first charming elation at earning money withmy pen, those weeks of refusal had caused me to think more soberly. Andthough I was now bent upon becoming an author and leaving Nassau Street, I burned no bridges behind me, but merely filled my spare hours withwriting and with showing it to Ethel. "

"It was now that the second area of perturbation of my life came to me. I say the second, because the first had been the recent dawning beliefthat Ethel thought about me when I was not there to remind her ofmyself. This idea had stirred--but you will understand. And now, whatwas my proper, my honourable course? It was a positive relief that atthis crisis she went to Florida. I could think more quietly. My writinghad come to be quite often accepted, sometimes even solicited. Should Ispeak to her, and ask her to wait until I could put a decent roof overher head, or should I keep away from her until I could offer such aroof? Her father, I supposed, could do something for us. But I was notwilling to be a pensioner. His business--were he generous--would beto provide cake and butter; but the bread was to be mine and bread wasstill a long way off, according to New York standards. These things Ithought over while she was in Florida; yet when once I should I findmyself with her again, I began to fear that I could not hold myselffrom--but these are circumstances which universal knowledge renders itneedless to mention, and I will pass to the second perturbation. "

"A sum of money was suddenly left me. Then for the first time Iunderstood why I had during my boyhood been so periodically sent to seea cross old brother of my mother's, who lived near Cold Spring on theHudson, and whom we called Uncle Snaggletooth when no one could hear us. Uncle Godfrey (for I have called him by his right name ever since)died and left me what in those old days six years ago was still a largeamount. To-day we understand what true riches mean. But in those bygonetimes six years ago, a million dollars was a sum considerable enough tobe still seen, as it were, with the naked eye. That was my bequest fromUncle Godfrey, and I felt myself to be the possessor of a fortune. "

At this point in Richard's narrative, a sigh escaped from Ethel. 

"I know, " he immediately said, "that money is always welcome. But itis certainly some consolation to reflect how slight a loss a milliondollars is counted to-day in New York. And I did not lose all of it. "

"I met Ethel at the train on her return from Florida, and crossed withher on the ferry from Jersey City to Desbrosses Street. There I wasobliged to see her drive away in the carriage with her father. "

"Mr. Field, " said Mrs. Davenport, "what hour did that train arrive atJersey City?"

Richard looked surprised. "Why, seven-fifteen P. M. , " he replied. "Thetenth of March. "

"Dark!" Mrs. Davenport exclaimed. "Mr. Field, you and Ethel were engagedbefore the ferry boat landed at Desbrosses Street. "

Richard and Ethel both sat straight up, but remained speechless. 

"Pardon my interruption, " said Mrs. Davenport, smiling. "I didn't wantto miss a single point in this story--do go on!"

Richard was obliged to burst out laughing, in which Ethel, after amoment, followed him, though perhaps less heartily. And as he continued, his blush subsided. 

"With my Uncle Godfrey's legacy I was no longer dependent upon mysalary, or my pen, or my father's purse; and I decided that with themoney properly invested, I could maintain a modest establishment of myown. Ethel agreed with me entirely; and, after a little, we disclosedour plans to our families, and they met with approval. This was inApril, and we thought of October or November for the wedding. It seemedlong to wait; but it came near being so much longer, that I grow chillynow to think of it. "

"Of course, I went steadily on with my work at the office in NassauStreet, nor did I neglect my writing entirely. My attention, however, was now turned to the question of investing my fortune. Just round thecorner from our office was the firm of Blake and Beverly, Stocks andBonds. Thither my steps began frequently to turn. Mr. Beverly hadbusiness which brought him every week to the room of our president; andso having a sort of acquaintance with him, I felt it easier to consulthim than to seek any other among the brokers, to which class I was awell nigh total stranger. He very kindly consented to be my adviser. Iwas well pleased to find how much I had underrated the interest-bearingcapacity of my windfall. 'Four per cent!' he cried, when I told him thiswas the extent of my expectations. 'Why, you're talking like a trustee. 'And then seeing that his meaning was beyond me, he explained in hisbluff, humorous manner. 'All a trustee cares for you know, is hisreputation for safety. It's not his own income he's nursing, and so hedoesn't care how small he makes it, provided only that his investmentswould be always called safe. Now there are ways of being safe withoutspending any trouble or time upon it; and those are the ways a trusteewill take. For example, ' and here he arose and unhooking a file ofcurrent quotations from the wall, placed it in my lap as I sat besidehim. 'Now here are Government three's selling at 108 3-8. They are assafe as the United States; and if I advised you to buy them, it wouldcost me no thought, and my character for safety would run no risk ofa blemish. That is the sort of bond that a trustee recommends. But seewhat income it gives you. Roughly speaking, about twenty-eight thousanddollars. '"

"'That would not do at all, ' said I, thinking of Ethel and October. "

"'Certainly not for you, ' returned Mr. Beverly, gaily. If you werea timorous old maid, now, who would really like all her money in herstocking in gold pieces, only she's ashamed to say so! But a youngfellow like you with no responsibility, no wife, and butcher'sbill--it's quite another thing!'"

"'Quite, ' said I, 'oh, quite!'"

"Richard, " interrupted Ethel, "do you have to make yourself out sosimple?"

"My dear, you forget that I said I should invent nothing, but shouldkeep myself to actual experiences. The part of my story that is comingnow is one where I should be very glad to draw upon my imagination. "

"Mr. Beverly now ran his finger up and down various columns. 'Hereagain, ' said he, 'is a typical trustee bond, and nets you a few thousanddollars more at present prices. New York Central and Hudson River 31-2's. Or here are West Shore 4's at 113 5-8. But you see it scales downto pretty much the same thing. The sort of bond that a trustee will callsafe does not bring the owner more than about three and one-half percent. '"

"'Why, there are some six per cent bonds!' I said; and I pointed themout to him. "

"'Selling at 137 7-8, you see, ' said Mr. Beverly. 'Deducting the tax, there you are scaled down again. ' He pencilled some swift calculations. 'There, ' said he. And I nearly understood them. 'Now I'm not hereto stop your buying that sort of petticoat and canary-bird wafer, 'continued Mr. Beverly. 'It's the regular trustee move, and nobody couldcriticise you if you made it. It's what I call thoughtless safety, andit brings you about 3 1-2 per cent, as I have already shown you. Anybodycan do it. ' These words of Mr. Beverly made me feel that I did not wantto do what anybody could do. 'There is another kind of safety which Icall thoughtful safety, ' said he. 'Thoughtful, because it requires youto investigate properties and their earnings, and generally to use yourindependent judgment after a good deal of work. And all this a trusteegreatly dislikes. It rewards you with five and even six per cent, butthat is no stimulus to a trustee. '"

"Something in me had leaped when Mr. Beverly mentioned six per cent. Again I thought of Ethel and October, and what a difference it wouldbe to begin our modest housekeeping on sixty instead of forty thousanddollars a year, outside of what I was earning. Mr. Beverly now ranga bell. 'You happen to have come, ' said he, 'on a morning when I canreally do something for you out of the common. Bring me (it was a clerkhe addressed) one of those Petunia circulars. Now here you can see at aglance for yourself. ' He began reading the prospectus rapidly aloudto me while I followed its paragraphs with my own eye. His strong, well-polished thumb-nail ran heavily but speedily down the columnsof figures and such words as gross receipts, increase of population, sinking fund, redeemable at 105 after 1920, churned vigorously andmeaninglessly through my brain. But I was not going to let him know thatto understand the circular I should have to take it away quietly to mydesk in Nassau Street, and spend an hour with it alone. "

"'What is your opinion of Petunia Water sixes?' he inquired. "

"'They are a lead-pipe cinch, ' I immediately answered; and he slapped meon the knee. "

"'That's what I think!' he cried. 'Anyhow, I have taken 20, 000 formother. Do what you like. '"

"'Oh well, ' said I, delighted at this confidence, I think I can affordto risk what you are willing to risk for your mother, Mrs. Beverly. Where is Petunia, did you say?'"

"He pulled down a roller map on the wall as you draw down awindow-blind, and again I listened to statements that churned in mybrain. Petunia was a new resort on the sea coast of New Hampshire. Onerailway system did already connect it with both Portsmouth and Portland, but it was not a very direct connection at present. Yet in spite ofthis, the population had increased 23 and seven-tenths per cent in fiveyears, and now an electric railway was in construction that would doublethe population in the next five years. This was less than what hadhappened to other neighbouring resorts under identical conditions; yetwith things as they now were, the company was earning two per cent onits stock, which was being put into improvements. The stock was sellingat 30, and if a dividend was paid next year, it would go to par. ButMr. Beverly did not counsel buying the stock. 'I did not let mother haveany, ' he said, 'though I took some myself. But the bonds are different. You're getting the last that will be sold at par. In three days theywill be placed before the public at 102 1/2 and interest. '"

"I was well pleased when I left Mr. Beverly's office. In a few days Iwas still more pleased to learn that I could sell my Petunia sixes for104 if so wished. But I did not wish it; and Mr. Beverly told me thathe should not sell his mother's unless they went to 110. 'In that case, 'said he, 'it might be worth while to capitalise her premium. '"

"I liked the idea of capitalising one's premium. If you had fifty bondsthat cost you par, and sold them at 110, you would then buy at parfifty-five bonds of some other rising kind, and go on doing thisuntil--I named no limit for this process; but my delighted mind sawvisions of eighty and a hundred thousand a year--comfort at least, ifnot affluence in New York--and I explained to Ethel what the phrasecapitalising one's premium meant. I showed her the Petunias, too, and weread what it said on the coupons aloud together. Ethel was at first notquite satisfied with the arrangement of the coupons. 'Thirty dollars onJanuary first, and thirty on July first, ' she said. That seems a longwhile to wait for those payments, Richard. And there are only two inevery year, though you pay them a thousand dollars all at once. It doesnot seem very prompt on their part. ' I told her that this was the rule. 'But, ' she urged, 'don't you think that a man like Mr. Beverly might beable to get them to make an exception if he explained the circumstances?Other people may be satisfied with waiting for little crumbs in thisway, but why should we?' I soon made her understand how it was, however, and I explained many other facts about investments and the stock marketto her, as I learned them. It was a great pleasure to do this. We cameto talk about finance even more than we talked of my writings; forduring that Spring I invested a good deal more rapidly than I wrote. ThePetunias had taken only one-twentieth of a million dollars; and thoughMr. Beverly warned me to rush hastily into nothing, and pointed out thegood sense of distributing my eggs in a number of baskets, still weboth agreed that the sooner all my money was bringing me five or six percent, the better. "

"I have come to think that it might be well were women taught theelements of investing as they are now taught French and Music. I wouldnot have the French and Music dropped, but I would add the other. Itmight be more of a protection to women than being able to read a Frenchnovel, and perhaps some day we shall have it so. But of course it hadbeen left totally out of Ethel's education; and at first she merelyreceived my instruction and took my opinions. It was not long, however, before she began to entertain some of her own, obliging me notinfrequently to reason with her. I very well remember the first occasionthat this happened. "

"We had been as usual talking about stocks, as we walked on theRiverside Drive on a Sunday afternoon in May. Ethel had been for somemoments silent. 'Richard, ' she finally began, 'if I had had thenaming of these things, I should never have called them securities. Insecurities comes a great deal nearer what they are. What right has athing that says on its face it is worth a thousand dollars to go bobbingup and down in the way most of them do? I think that securities isalmost sarcastic. And have you noticed the price of those Petunias?'"

"I had, of course, noticed it; but I had not mentioned it to Ethel. 'Iread the papers now, ' she explained, 'morning and evening. Of course themarket is off a little on account of the bank statement. But that is notenough to account for the Petunias. '"

"'Ethel, you are nervous, ' I said. 'And it is the papers which make youso. The Petunias are a first lien on the whole property, of which theassessed valuation--'"

"'What is the good, ' she interrupted, 'of a first lien on somethingwhich depends on politics for its existence, if the politicians changetheir minds? Did you not see that bill they're thinking of passing?'I was startled by what Ethel told me, for the article in the paper hadescaped my notice. But Mr. Beverly explained it to me in a couple ofminutes. 'Ha!' he jovially exclaimed, on my entering his office onMonday morning; 'you want to know about Petunias. They opened at 85I see. ' He then ran the tape from the ticker through his clean stronghands. 'Here they are again. Five thousand sold at 83. Now, if theygo to 70, I'll very likely take ten thousand more for mother. It's allFrank Smith's bluff, you know. He wants a jag of the water-works stock, more than they say they agreed he should have. So he's shaking this billover them, which would allow the city to build its own water-plant, andof course run the present company out of business. Not a thing in it!All bluff. He'll get the stock, I suppose. What's that?' he broke off toa clerk who came with a message. 'Wants 500 preferred does he? Buyer30? Very well, he can't have it. Say so from me. Now, ' he resumed to me, 'take a cigar by the way. And don't buy any more Petunias until I tellyou the right moment. Do you see where your Amalgamated Electric hasgone to?'"

"I had seen this. It had scored a 20-point rise since my purchase ofit; and I felt very sorry that I had not taken Mr. Beverly's adviceand bought a thousand shares. It had been on a day when I had feltunaccountably cautious, and I had taken only two hundred and fiftyshares of Amalgamated Electric. There are days when one is cautious anddays when one is venturesome; and they seem to have nothing to do withresults. "

"'They're going to increase the dividend, ' said Mr. Beverly, as I smokedhis excellent cigar. 'It's good for twenty points higher by the end ofthe week. I had just got mother a few more shares. '"

"I left Mr. Beverly's office the possessor of two thousand shares ofAmalgamated Electric, and also entirely reassured about my Petunias. Healways made me feel happy. "

"His keen laughing brown eyes, and crisp well-brushed hair, and bigsomewhat English way of chaffing (he had gone to Oxford, where he hadrowed on a winning crew) carried a sense of buoyant prosperity that wentwith his wiry figure and good smart London clothes. His face was almostas tawny as an Indian's with the outdoor life that he took care to lead. I was always flattered when he could spare any time to clap me on theshoulder and crack a joke. "

"Amalgamated Electric had risen five more points before the board closedthat afternoon. This was the first news that I told Ethel. "

"'Richard, ' said she, 'I wish you would sell that stock to-morrow. '"

"But this I saw no reason for; and on Tuesday it had gained seven pointsfurther. Ethel still more strongly urged me to sell it. I must freelyadmit that. " And the narrator paused reflectively. 

"Thank you, Richard, " said Ethel from the sofa. "And I admit that Icould give you no reason for my request, except that it all seemed sosudden. And--yes--there was one other thing. But that was even moresilly. "

"I believe I know what you mean, " replied Richard, "and I shall come toit presently. If any one was silly, it was not you. "

"I did not sell Amalgamated Electric on Wednesday, and on Thursday adoubt about the increased dividend began to be circulated. The stock, nevertheless, after a forenoon of weakness, rallied. Moreover a checkfor my first dividend came from the Pollyopolis Heat, Light, Power, Paving, Pressing, and Packing Company. "

"'What a number of things it does!' exclaimed Ethel, when I showed herthe company's check. "

"'Yes, ' I replied, and quoted Browning to her: ''Twenty-nine Distinctdamnations. One sure if the other fails. ' Beverly's mother has a lot ofit. '"

"But Ethel did not smile. 'Richard, ' she said, 'I do wish you had moreinvestments with ordinary simple names, like New York and New Haven, orChicago and Northwestern. ' And when I told her that I thought this wasreally unreasonable, she was firm. 'Yes, ' she replied, 'I don't like thenames--not most of them, at least. Dutchess and Columbia Traction soundspretty well; and besides that, of course one knows how successful theseelectric railways are. But take the Standard Egg Trust, and the PatentPasteurised Infant Rubber Feeder Company. '"

"'Why, Ethel!' I exclaimed, 'those are both based upon great inventions, Mr. Beverly--'"

"But she interrupted me earnestly 'I know about those inventions, Richard, for I have procured the prospectuses. And I wish that I couldhave told you my own feeling about them before you bought any of thestock. '"

"'I do not think you can fully have taken it in, Ethel. '"

"'I trust that it may not have fully taken you in, ' she replied. 'Haveyou noticed what those stocks are selling for at present?'"

"Of course I had noticed this. I had paid 63 for Standard Egg, and itwas now 48, while 11 was the price of Patent Pasteurized Feeder, forwhich I had paid 20. But this, Mr. Beverly assured me, was a normal andeven healthy course for a new stock. 'Had they gone up too soon and toohigh, ' he explained, 'I should have suspected some crooked manipulationand advised selling at once. But this indicates a healthy absorptionpreliminary to a natural rise. I should not dream of letting mother partwith hers. '"

"The basis of Standard Egg was not only a monopoly of all the hens inthe United States, but a machine called a Separator, for telling the ageand state of an egg by means of immersion in water. Perfectly good eggssank fast and passed out through one distributor; fairly nice eggs didnot reach the bottom, and were drawn off through another sluice, and soon. This saved the wages of the egg twirlers, whose method of candlingeggs, as it was called, was far less rapid than the Separator. And whenI learned that one house in St. Louis alone twirled 50, 000 eggs in aday, the possible profits of the Egg Trust became clear to me. But theywere 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 ofcompetitors to hatch them by incubators. Nor did she have confidence inthe Pasteurised Feeder. 'Even if you get the parents to adopt it, ' shesaid, 'you cannot get the children. If they do not like the taste of themilk as it comes out of the bottle through the Feeder, they will simplynot take it. '"

"'Well, ' I answered, 'old Mrs. Beverly is holding on to hers. '"

"When I said this, Ethel sat with her mouth tight. Then she opened itand said: 'I hate that woman. '"

"'Hate her? Why, you have never so much as laid eyes on her. '"

"'That is not at all necessary. I consider it indecent for a grey hairedwoman with grandchildren to be speculating in the stock market everyweek like a regular bull or bear. '"

"Every point in this outburst of Ethel's seemed to me so unwarrantablethat I was quite dazed. I sat looking at her, and her eyes filled withtears. 'Oh Richard!' she exclaimed, 'she will ruin you, and I hateher!'"

"'My dear Ethel, ' I replied, 'she will not. And only see how you aremaking it all up out of your head. You have never seen her, but youspeak of her as a grey-haired grandmother. '"

"'She must be, Richard. You have told me that Mr. Beverly is a marriedman and about forty-five. No doubt he has older sisters and brothers. But if he has not, his mother can hardly be less than sixty-five, andhe has probably been married for several years. He might easily have adaughter coming out, next winter, and a son at Harvard or Yale; and iftheir grandmother's hair is not grey, that is quite as unnatural as herspeculating in monopolised eggs in this way at her age. She must be avery unladylike person. '"

"Ethel, I saw, was excited. Therefore I made no more point of hertheories concerning the appearance and family circle of old Mrs. Beverly. But in justice to myself I felt obliged to remind her, first, that I was investing, not speculating, and second, that it was Mr. Beverly's advice I was following, and not that of his mother. 'Hadhe not spoken of her, ' I said, 'I should have remained unaware of herexistence. '"

"'She is at the bottom of it all the same, ' said Ethel. 'Everything youhave bought has been because she bought it. '"

"'That is not quite the right way to put it, ' I replied. 'I was willingto buy these securities because Mr. Beverly thought so highly of themthat he felt justified in--'"

"'There is no use, ' interrupted Ethel, 'in our going round this circleas if we were a pair of squirrels. I do not ask you to hate that womanfor my sake, but I cannot change my own feeling. Do you remember, Richard, about the City of Philippi Sewer Bonds? You did not want to buythem at first. You told me yourself that you thought new towns in Texaswere apt to buzz suddenly and then die because all the people hurriedaway to some newer town and left the houses and stores standing empty. But Mr. Beverly's mother got some, and all your hesitation fled. Andnow I see that the Gulf, Galveston, and Little Rock is going to build abranch that may make Philippi a perfectly evaporated town. If you soldthese bonds to-day, how much would you lose?'"

"I did not enjoy telling Ethel how much, but I had to. 'Only fifteenthousand dollars, ' I said. "

"'Only!' said Ethel. 'Well, I hope his mother will lose a great dealmore than that. '"

"It is seldom that Ethel taps her foot, but she had begun to tap it now;and this inclined me to avoid any attempt at a soothing reply, in thehope that silence might prove still more soothing, and that thus wemight get away from old Mrs. Beverly. "

"'She cannot possibly be less than sixty-five, ' Ethel presentlyannounced. 'And she is far more likely to be seventy. '"

"I thought it best to agree to any age that Ethel chose to give the oldlady. "

"'Do you suppose, ' Ethel continued, 'that she does it by telephone?'"

"'My dearest, ' I responded, 'he must do it all for her, of course, youknow. '"

"'I doubt that very much, Richard. And she strikes me as being the sortof character for whom a mere telephone would not be enough excitement. The nerves of those people require more and more stimulants to give themany sensation at all. I believe that she sits in his private office andwatches the ticker. '"

"'Why not give her a ticker in her bedroom while you are about it, Ethel?' I suggested. "

"But Ethel could not smile. 'I think that is perfectly probable, ' sheanswered. And then, 'Oh, Richard, isn't it mean!' At this I tookher hand, and she--but again I abstain from dwelling upon thosecircumstances of the engaged which are familiar to you all. "

"The change of May into June, and the change of June into July, didnot mellow Ethel's bitter feelings. I remember the day after Petuniasdefaulted on their interest that she exclaimed, 'I hope I shall nevermeet her!' We always called Mr. Beverly's mother 'she' now. 'For if Iwere to meet her, ' continued Ethel, 'I feel I should say something thatI should regret. Oh, Richard, I suppose we shall have to give up thathouse on Park Avenue!'"

"I put a cheerful and even insular face on the matter, for I could notbear to see Ethel so depressed. But it was hard work for me. Some fewof my investments were evidently good; but it always seemed as if it wasinto these that I had happened to put not much money, while the bulkof my fortune was entangled in the others. Besides the usual Midsummerfaintness that overtakes the stock market, my own specialties were agood deal more than faint. On the 20th of August I took the afternoontrain to spend my two weeks' holiday at Lenox; and during much of thejourney I gazed at the Wall Street edition of the afternoon paper thatI had purchased as I came through the Grand Central Station. Ethel and Iread it in the evening. "

"'I wonder what she's buying now?' said Ethel, vindictively. "

"'Well, I can't help feeling sorry for her, ' I answered, with as much ofa smile as I could produce. "

"'That is so unnecessary, Richard! She can easily afford to gratify hergambling instinct. '"

"'There you go, Ethel, inventing millions for her just as you inventedgrandchildren. '"

"'Not at all. Unless she constantly had money lying idle, she could nottake these continual plunges. She is an old woman with few expenses, andshe lives well within her income. You would hear of her entertaining ifit was otherwise. So instead of conservatively investing her surplus, she makes ducks and drakes of it in her son's office. Is he at Hyde Parknow?' Hyde Park was where the old Beverly country seat had always been. "

"'No, ' I answered. 'He went to Europe early last month. '"

"'Very likely he took her with him. She is probably at Monte Carlo. '"

"'Scarcely in August, I fancy. And I'll tell you what, Ethel. I havebeen counting it up. She has lost twenty-four thousand dollars in theStandard Egg alone. It takes a good deal of surplus to stand that. '"

"'Serve her right, ' said Ethel 'And I would say so to her face. '"

"September brought freshness to the stock market but not to me. Mr. Beverly, like the well-to-do man that he was, remained away in Europeuntil October should require his presence as a guiding hand in theoffice. Thus was I left without his buoyant consolation in the face ofmy investments. "

"Petunias were being adjusted on a four per cent basis; Dutchessand Columbia Traction was holding its own; I could not complain ofAmalgamated Electric, though it was now lower than when I had boughtit, while had I sold it on that Wednesday in May when Ethel begged me, before the increased dividend turned out a mistake, I should have mademoney. But Philippi Sewers were threatened; Pasteurised Feeders had beennumb since June; Pollyopolis Heat, Light, Power, Paving, Pressing, andPacking was going to pass its quarterly dividend; and Standard Egg hadgone down from 63 to 7 1/8. My million dollars on paper now was worthin reality less than a quarter of that sum, and although we could stillmake both ends meet fairly well in some place where you wouldn't want tolive, like Philadelphia, in New York we should drop into a pinched anddwarfed obscurity. "

"I must say now, and I shall never forget, that Ethel during thesegloomy weeks behaved much better than I did. The grayer the outlookbecame, the more words of hope and sense she seemed to find She remindedme that, after all my Uncle Godfrey's legacy had been a thing unlookedfor, something out of my scheme of life that I had my youth, my salaryand my writing; and that she would wait till she was as old at Mr. Beverly's mother. "

"It was the thought of that lady which brought from Ethel the only noteof complaint she uttered in my presence during that whole dreary month. "

"We were spending Sunday with a house party at Hyde Park; and drivingto church, we passed an avenue gate with a lodge. 'Rockhurst, sir, ' saidthe coachman. 'Whose place?' I inquired. 'The old Beverly place, sir. 'Ethel heard him tell me this; and as we went on, we saw a carriage andpair coming down the avenue toward the gate with that look which horsesalways seem to have when they are taking the family to church on Sundaymorning. "

"'If I see her, ' said Ethel to me as we entered the door, 'I shall beunable to say my prayers. '"

"But only young people came into the Beverly pew, and Ethel said herprayers and also sang the hymn and chants very sweetly. "

"After the service, we strolled together in the old and lovely graveyard before starting homeward. We had told them that we should prefer towalk back. The day was beautiful, and one could see a little blue pieceof the river, sparkling. "

"'Here is where they are all buried, ' said Ethel, and we paused beforebrown old headstones with Beverly upon them. 'Died 1750; died 1767, 'continued Ethel, reading the names and inscriptions. 'I think onedoesn't mind the idea of lying in such a place as this. '"

"Some of the young people in the pew now came along the path. 'Thegrandchildren, ' said Ethel. 'She is probably too old to come to church. Or she is in Europe. '"

"The young people had brought a basket with flowers from their place, and now laid them over several of the grassy mounds. 'Give me someof yours, ' said one to the other, presently; 'I've not enough forgrandmother's. '"

"Ethel took me rather sharply by the arm. 'Did you hear that?' sheasked. "

"'It can't be she, you know, ' said I. 'He would have come back fromEurope. '"

"But we found it out at lunch. It was she, and she had been dead forfifteen years. "

"Ethel and I talked it over in the train going up to town on Mondaymorning. We had by that time grown calmer. 'If it is not falsepretences, ' said she, 'and you cannot sue him for damages, and if it isnot stealing or something, and you cannot put him in prison, what areyou going to do to him, Richard?'"

"As this was a question which I had frequently asked myself during thenight, having found no satisfactory answer to it, I said: 'What wouldyou do in my place, Ethel?' But Ethel knew. "

"'I should find out when he sails, and meet his steamer with acowhide. '"

"'Then he would sue me for damages. '"

"'That would be nothing, if you got a few good cuts in on him. '"

"'Ethel, ' I said, 'please follow me carefully. I should like dearly tocowhide him. And for the sake of argument we will consider it done Thencomes the lawsuit. Then I get up and say that I beat him because he mademe buy Standard Egg at 63 by telling me that his mother had some, whenreally the old lady had been dead for fifteen years. When I think of itin this way, I do not feel--'"

"I know, ' interrupted Ethel, 'you are afraid of ridicule. All men are. '"

"Had Ethel insisted, I believe that I should have cowhided Mr. Beverlyfor her sake. But before his return our destinies were brightened. Copper had been found near Ethel's waste lands in Michigan, and thefamily business man was able to sell the property for seven hundredthousand dollars. He did this so promptly that I ventured to ask him ifdelay might not have brought a greater price. 'Well', he said, 'I don'tknow. You must seize these things. Blake and Beverly might have gottired waiting. "

"'Blake and Beverly!' I exclaimed 'So they made the purchase. It Mr. Beverly back?'"

"'Just back. To tell the truth I don't believe they're finding so muchcopper as they hoped. '"

"This turned out to be true. And I am not sure that the business manhad not known it all the while. 'We looked over the property prettythoroughly at the time of the Tamarack excitement, ' he said. And ina few days more, in fact, it was generally known that this land hadreturned to its old state of not quite paying the taxes. "

"Then I paid my visit to Mr. Beverly, but with no cowhide. 'Mr. Beverly, ' said I, 'I want to announce to you my engagement to Miss EthelLansing, whose Michigan copper land you have lately acquired. I hopethat you bought some for your mother. '"

"Those, " concluded Mr. Richard Field, "are the circumstances attendingmy engagement which I felt might interest you. And now, Ethel, tell yourstory, if they'll listen. "

"Richard, " said Ethel, "that is the story I was going to tell. "