Letters from a Son to His Self-Made Father / Being the Replies to Letters from a Self-Made Merchant to His Son

by Charles Eustace Merriman

Don't worry about my becoming a victim to gambling on margin. Your tip on the market—that you will fire me if I keep it up—is valuable. I will see to it that you hear no more of my trading. I should not have taken this particular flyer had it not been for the fact that you wrote the last sheet of one of your recent letters on the back of a typewritten note from Gamble & Chance, in which they advised you that they had placed your order to sell ribs short. I just made up my mind that what was good enough for pop must be real velvet for sonny. You know you have always urged me to follow your example. I am quite certain that, now you are in possession of the full facts, you will revise your idea about that check. At all events, as I have hinted, that particular check is so full of bank teller's stamps that its own father would scarcely know it.

I never did take much stock in trading "on 'change." It's a form of gambling where interest is sacrificed by the fact that you do not see the ball rolled or the cards dealt. Even when you see the play you may be up against a brace game, so what can you expect when two or three big dealers, like my revered parent, get together and mark the cards for a big game? Anyway, I'd rather bet any day on something straight. If a man gambles on whether the sun will shine or not on certain days he may be unlucky enough to lose every trip, but he will at least have the satisfaction of knowing that no thimble rigging in somebody's back office introduced the clouds.

Finance, as I understand it, is the art of making the other fellow's dollar work for the financier; but this requires a sort of hypnotism that I do not yet possess. I may grow to it; indeed, now that I find myself able to sell the goods manufactured by our house, I am almost afraid to look a mirror in the face lest I discover that I am possessed of the evil eye. The "marts of trade," as the poet puts it, strike me as queer places. The interior of a stock or produce exchange is certainly an understudy for bedlam, if my imagination is correct.

"Give you 86 for C.P. & N.," shouts one.

"No," comes the reply, "want 86 and an eighth."

"All right."

"Sold."

"I'll take 500."

And nobody takes a thing, for the man who sells it hasn't got it and the man who buys don't want it. No wonder the poor lambs lose their fleece and their heads. Nevertheless, that short-rib check was a life-saver.