“Oh!” And the friend shrugged his shoulders “Don’t do much in that way myself. No great faith in the security. What dividend do you expect to receive?”
“Don’t know. Rather think it will be large.”
“Better take some more of the stock if you think it so good. There is plenty in market to be bought at less than par.”
Mr. Winslow smiled, and said that, in all probability he would invest a few more small sums in the same way and see how it would turn out. The little piece of paper which he called a certificate of stock, was the first quarter-bill he had paid for Ned’s schooling. For four years these bills were regularly paid, and then Ned, who had well improved the opportunities so generously afforded him, was taken, on the recommendation of Mr. Winslow, into a large importing house. He was at the time in his sixteenth year. Before the lad could enter upon this employment, however, Mr. Winslow had to make another investment in his charity fund. Ned’s father was too poor to give him an outfit of clothing such as was required in the new position to which he was to be elevated; knowing this, the generous merchant came forward again and furnished the needful supply.
As no wages were received by Ned for the first two years, Mr. Winslow continued to buy his clothing, while his father still gave him his board. On reaching the age of eighteen, Ned’s employers, who were much pleased with his industry, intelligence, and attention to business, put him on a salary of three hundred dollars. This made him at once independent. He could pay his own boarding and find his own clothes, and proud did he feel on the day when advanced to so desirable a position.
“How comes on your investment?” asked Mr. Winslow’s mercantile friend about this time. He spoke jestingly.
“It promises very well,” was the smiling reply.
“It is rising in the market, then?”
“Yes.”
“Any dividends yet?”