|
The excerpt represents the core issue or deciding factor on which you must meditate, and is drawn from Mother by Owen Wister: the last that will be sold at par. In three days they will 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 I was
still more pleased to learn that I could sell my Petunia sixes for 104 if
so wished. But I did not wish it; and Mr. Beverly told me that he 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 bonds
that cost you par, and sold them at 110, you would then buy at par
fifty-five bonds of some other rising kind, and go on doing this until--I
named no limit for this process; but my delighted mind saw visions of
| 
