"That's splendid. But doesn't it ever go down?"
"I should say so. If it goes down a dollar a share, then, of course, you lose fifty dollars."
Conrad looked serious. This was not quite so satisfactory.
"It is rather risky, then," he said.
"Of course, there's some risk; but you know the old proverb, 'Nothing venture, nothing have.' You must choose the right stock—one that is going up."
"I don't know anything about stock," said Conrad.
"I do," said Fred. "If I had money I know what I'd buy."
"What?" asked Conrad eagerly.
"Pacific Mail."
"Do you think that's going up?"