The Romance and Tragedy of a Widely Known Business Man of New York Part 5

The following day the price receded a full point Then, for a week, without any reaction, I watched it decline daily, by fractions, until my margin was more than half exhausted.

My wife readily discovered there was something worrying me, though I tried to conceal it, and in her sweet, loving way urged me to tell her of my trouble. I put her off from day to day, hoping for a change for the better.

Finally, when the price of the stock had reached a point where there was hardly anything left of my five thousand dollars, the brokers notified me I must make a further deposit or they would have to sell me out. I could have borrowed the money, but I would not do it, so the transaction was closed and my money lost.

As a matter of fact, which only goes to show what seems to the small speculator the infernal ingenuity of the stock market, the stock reacted almost immediately after I sold, and had I held on for another two or three weeks, not only would I have saved my money, but would have made in addition a very handsome profit.

Well, the money was gone--and now came the hardest part of it. I had to tell my wife. I felt that I had wronged her confidence in not telling her from the first, and this feeling hurt me far more than the loss of the money.

After dinner that evening, fortunately we were spared from callers, sitting on the lounge with my arm around her, I told her all. How practically all I had in the world was gone, through an act of foolishness I should never have committed.

Then I told her of the feeling that overwhelmed me because I had not informed her of the matter from the first. While I talked, her little hand sought mine and from the frequent pressure I knew she was listening with a heart full of loving sympathy.

When I had finished she raised her head, and after kissing me fondly, said with a glorious smile:

"Why, my darling, is that all? I thought it was something terrible.

What do we care for the loss of a little money? We have each other and our love. That is everything."

Then in the sunshine of that love my naturally good spirits returned and my trouble was forgotten in the joy over this new insight into the character of my wife.

With determination I resolved that I would devote myself closer than ever to my business, and set for myself the task of acc.u.mulating another five thousand dollars within a year.

During 1872 I had made about seven thousand dollars, but now nearly five thousand dollars was represented by experience.

The other fellow had the money.

The holidays had come and gone. We enjoyed them in spite of our recent reverse.

We did not spend very much money, though we had just as good a time as if we had done so. I had entirely recovered my mental equilibrium and had put out of my mind all thought of my financial loss.

Life was moving on in the same delightful channel. Love was our bark, and we sailed smoothly, as on a summer sea.

My business during the early months of the year was good, but in April signs were not wanting of a general falling off in the commerce of the entire country.

My trade began to feel the effect of the approaching "hard times."

This did not disturb me at first, for I did not think it would last long, and in any event thought I could safely count on at least as good a business as in the year previous.

At this period it became evident to me that my father was breaking down, and that while he might accomplish a little toward the support of his family, it was not to be depended on, and the burden must rest on me.

It came at a bad time, but I accepted it as a duty which it was my pleasure to perform so far as I was able.

Under these conditions we decided to give up our apartment and take up our residence with my parents. They, as also my sisters, were very fond of my wife and she of them, while I was always, from infancy, accused of being the pet of the family.

As the summer months progressed I realized that beyond a doubt the hard times were upon us. My customers were buying nothing and complaining there was not enough business doing to use up the stock of material they had on hand.

My savings of the first quarter of the year began to dwindle, and in those days I thought often with regret of my lost five thousand dollars.

My wife, always the same bright, cheerful, loving woman, encouraged me to keep up my spirits, and I did, for her sake as well as my own.

CHAPTER VII

THE COMING OF THE STORK.

By the first of November I had exhausted all my savings, and from then on knew that if my monthly earnings were insufficient to pay my expenses, I should have to resort to borrowing money to tide me over until better times.

A crisis was coming at home that demanded every effort of mine to have matters there pleasant and comfortable. Under no circ.u.mstances must my wife worry.

Thus I thought, but even yet I did not know the magnificent courage of the woman.

Each evening when I returned home she greeted me with the brightest of smiles, and as soon as dinner was over, in our own room, with my arms around her, she insisted on knowing the history of the day in detail.

She grasped the situation thoroughly, caressed and encouraged me, always a.s.serting that everything would come out right in the end.

She had no fear and did not worry.

On the nineteenth of November our child was born.

A boy physically perfect. That his lungs were all right I personally could swear to, and what sweet music his crying was to my ears when first I heard it.

A little later I was permitted to enter the room, and did so in great agitation.

As I kissed my wife and held her hand a few minutes, on her face, more lovely than ever in her motherhood, was the same sweet smile and an expression of devotion and love eternal. I looked at the boy, the new rivet in the chain of love that bound us together, and then, after another kiss, went quietly from the room.

Heroes, ancient and modern, the world has developed. Heroines, also have their place in history, but the heroism of a woman in ordinary life, in trials physical and mental, is something to be regarded with awe and reverence.

Our wives! Our mothers! Heroines, all.

The mother recovered quickly her normal state of health and the boy thrived and grew rapidly.

In March, 1874, I was greatly encouraged by a slight improvement in business. I had been through a terribly hard winter, and with the burden of the household on my shoulders had only just succeeded, by the utmost prudence, in making both ends meet. With absolutely no surplus I could not but feel uneasy most of the time.

It was while this was the condition of my finances that my most intimate friend, the son of a man of some means, approached me on the subject of getting his brother, then in Europe, but soon to return, into business.

I knew his brother, but not intimately. I thought he might make a good business man, and it occurred to me that if he was a hard worker and his father was willing to buy him an interest in my business, I might get efficient aid to my efforts and at the same time get a cash surplus to relieve my mind of financial worry, which I knew to be very desirable; for a man who has to worry about the small expenses of living can never do himself full justice in his business efforts.

Another point that induced me to consider the matter was the desire of my wife and myself to go to housekeeping.

The relations with my parents and sisters were most pleasant, but now that we had our boy we felt anxious to set up a modest little establishment of our own, and indeed my mother advised it, though she was sorry to have us leave her.

After several interviews with Mr. Allis we came to an agreement that as soon as his son Thomas arrived from Europe I was to take him into partnership on equal terms and he was to pay me a bonus of three thousand dollars.

A couple of weeks later my sign again came down and a new one went up, reading W. E. Stowe & Co.

With three thousand dollars in the bank my mind was again at ease and we immediately looked for our new home.