"Ah, he didn't say. Perhaps he meant jaguars."
Anyhow, it was an even chance, and I decided to risk it. In a week's time I was the owner of what we call in the City a "block" of Jaguars—bought from one Herbert Bellingham, who, I suppose, had been got at by his solicitor and compelled to return to something safe. I was a West African magnate.
My first two months as a magnate were a great success. With my heart in my mouth I would tear open the financial editions of the evening papers, to find one day that Jaguars had soared like a rocket to 1-1/16, the next that they had dropped like a stone to 1-1/32. There was one terrible afternoon when for some reason which will never be properly explained we sank to 15/16. I think the European situation had something to do with it, though this naturally is not admitted. Lord Rothschild, I fancy, suddenly threw all his Jaguars on the market; he sold and sold and sold, and only held his hand when, in desperation, the Tsar granted the concession for his new Southend to Siberia railway. Something like that. But he never recked how the private investor would suffer; and there was I, sitting at home and sending out madly for all the papers, until my rooms were littered with copies of The Times, The Financial News, Answers, The Feathered World, and Home Chat. Next day we were up to 31/32, and I was able to breathe again.
But I had other pleasures than these. Previously I had regarded the City with awe, but now I felt a glow of possession come over me whenever I approached it. Often in those first two months I used to lean against the Mansion House in a familiar sort of way; once I struck a match against the Royal Exchange. And what an impression of financial acumen I could make in a drawing-room by a careless reference to my "block of Jaguars"! Even those who misunderstood me and thought I spoke of my "flock of jaguars" were startled. Indeed life was very good just then.
But lately things have not been going well. At the beginning of April Jaguars settled down at 1-1/16. Though I stood for hours at the club tape, my hair standing up on end and my eyeballs starting from their sockets, Jaguars still came through steadily at 1-1/16. To give them a chance of doing something, I left them alone for a whole week—with what agony you can imagine. Then I looked again; a whole week and anything might have happened. Pauper or millionaire?—No, still 1-1/16.
Worse was to follow. Editors actually took to leaving out Jaguars altogether. I suppose they were sick of putting 1-1/16 in every edition. But how ridiculous it made my idea seem of watching them go up and down! How blank life became again!
And now what I dreaded most of all has happened. I have received a "Progress Report" from the mine. It gives the "total footage" for the month, special reference being made to "cross-cutting, winzing, and sinking." The amount of "tons crushed" is announced. There is serious talk of "ore" being "extracted"; indeed there has already been a most alarming "yield in fine gold." In short, it can no longer be hushed up that the property may at any moment be "placed on a dividend-paying basis."
Probably I shall be getting a safe five per cent!
"Dash it all," as I said to my solicitor this morning, "I might just as well have bought a rotten mortgage."