"It's all right," Jack wrote in his memorandum to the cashier. "I have a big transaction on hand which can't help win out, and I shall rejoice your heart by liquidating all my loans with you before spring. After all, my dear sir, all business must be done on confidence, and I assure you you can have plenty in me. I know myself through and through, and can testify to my absolute integrity. Meanwhile let me repeat that your money is the best I have ever used, and is received everywhere with real enthusiasm."
That night before he retired, operating through a dozen brokers' offices so as not to attract undue attention, Jack purchased five thousand shares of K., T. & W. at 20, paying for them in cash. The next morning on the announcement from Colonel Midas's office that the San Francisco, Omaha & Mott Haven road had decided not to take over the property, K., T. & W. fell off to 10, at which figure, after a hurried visit to the bank, Jack acquired ten thousand more shares. At the end of the week K., T. & W. had slumped to 3-1/8, whereat Jack pyramided by taking over twenty thousand more, all paid for in cash, having meanwhile sent his lawyer to Rocky Corners with seventy-five thousand dollars to close his real-estate deal with Hiram Bumpus.
In the brief period of ten days the unfortunate tenant of the freezing apartment at the Redmere had become the owner of fifty thousand shares of K., T. & W., as well as the proprietor of a thirty-thousand-acre farm through which a new line of railway was sure to pass.
So the campaign went on over the Christmas season. Jack, by following close on the heels of Midas or Moneypenny, it mattered little which, secured inside information as to every deal of magnitude on Wall Street whole days, and even weeks, before anybody else knew about it; and having the resources of the Urban National to draw upon at need, he was never at a loss how to finance himself. January came, and just as it seemed as if K., T. & W. was about to be wiped out of existence came the report that the property had been acquired by the San Francisco, Omaha & Mott Haven crowd, and that its stock had been put on an eight-per-cent. guaranteed-dividend basis. The quotation immediately began to soar. K., T. & W. began to jump like a kangaroo. First it leaped to 30, then to 68. On the tenth of January it opened at 128-7/8, and closed at 150, where it stuck. For a time Jack waited for a further rise, but it failed to come, and in February he sold one hundred and twenty thousand shares, which had cost him on an average of $7 a share, for $150 a share, realizing a profit of $17,160,000. Reference to his books showed that he had drawn on the Urban National for a trifle over $1,250,000, which sum he now started to return in the same laborious fashion in which it had been acquired. Every day for a period of ten days the lad would put on his invisible cloak, and at the cashier's lunch-hour would walk into his office and deposit a great bundle of currency on his desk. Once he found that gentleman, and the president of the bank as well, awaiting him, but it made no difference. Secure in the concealment of his marvellous cloak, Jack stood in the doorway and tossed the package of bills into the room, hitting the astonished president of the bank himself squarely in the stomach with it.
In this way complete restitution with interest was made, and on the first of February Jack found himself clear of all obligations, with a comfortable fortune of over $15,000,000 on his hands, which made any further involuntary loans on the bank's part unnecessary; but what was even better than this, the meteoric successes of the young millionaire upon the Street brought him such renown that it was not long before the powers began to take notice.
"That young man," said Colonel Midas, after watching him for a little while, "is the most singularly astute person I ever met. I don't wish to be vulgar, but he has been the nigger in every woodpile I have tackled for six months. He knows what I am going to do almost as quick as I do. We'll have to take him in the firm."
"He has a singularly keen premonition as to values," observed Mr. Rockernegie. "I've half a mind to start a trust company and make him president."
As for Mr. Moneypenny, after a year's experience at finding Jack at the bottom of pretty nearly every scheme he went into, he made the following observation to his daughter, as he pointed Jack out to her at the opera—in his own box now—one night.
"That young man in the third box on the left, my dear, is young Mr. Jack Hardluck. He's so keen that I don't even dare think what I'm going to do for fear he'll find it out!"
"If that's the case, papa," said Miss Moneypenny, blushing, "the best thing to do is to take him into the family. Don't you think you'd better—"