Paul the Peddler; Or, The Fortunes of a Young Street Merchant by Jr. Horatio Alger (best finance books of all time TXT) 📕

Paul walked home revolving in his mind this unexpected opportunity. He had made, as George Barry's agent, a dollar a day, though he received only half the profits. If he were himself the proprietor, and did equally well, he could make twelve dollars a week. The calculation almost took away his breath. Twelve dollars a week would make about fifty dollars a month. It would enable him to contribute more to the support of the family, and save up money besides. But the great problem was, how to raise the necessary money. If Paul had been a railroad corporation, he might have issued first mortgage bonds at a high rate of interest, payable in gold, and negotiated them through some leading banker. But he was not much versed in financial schemes, and therefore was at a loss. The only wealthy friend he had was Mr. Preston, and he did not like to apply to him till he had exhausted other ways and means.

“What makes you so sober, Paul?” asked his mother, as he entered the room. “You are home early.”

“Yes, I sold all my papers, and thought I would take an early dinner, so as to be on hand in time for the first afternoon papers.”

“Don't you feel well?”

“Tiptop; but I've had a good offer, and I'm thinking whether I can accept it.”

“What sort of an offer?”

“George Barry wants to sell out his stand.”

“How much does he ask?”

“Thirty-five dollars.”

“Is it worth that?”

“Yes, it's worth all that, and more, too. If I had it I could make two dollars a day. But I haven't got thirty-five dollars.”

“I can let you have nine, Paul. I had a little saved up, and I haven't touched the money Mr. Preston paid me for the shirts.”

“I've got five myself, but that will only make fourteen.”

“Won't he wait for the rest?”

“No, he's going to Philadelphia early next week, and wants the whole in cash.”

“It would be a pity to lose such a good chance,” said Mrs. Hoffman.

“That's what I think.”

“You could soon save up the money on two dollars a day.”

“I could pay for it in a month—I mean, all above the fourteen dollars we have.”

“In a day or two I shall have finished the second half-dozen shirts, and then I suppose Mr. Preston will pay me nine dollars more. I could let you have six dollars of that.”

“That would make twenty. Perhaps George Barry will take that. If he won't I don't know but I will venture to apply to Mr. Preston.”

“He seems to take an interest in you. Perhaps he would trust you with the money.”

“I could offer him a mortgage on the stock,” said Paul.

“If he has occasion to foreclose, he will be well provided with neckties,” said Mrs. Hoffman, smiling.

“None of which he could wear. I'll tell you what, mother, I should like to pick up a pocketbook in the street, containing, say, twenty or twenty-five dollars.”

“That would be very convenient,” said his mother; “but I think it will hardly do to depend on such good luck happening to you. By the way,” she said, suddenly, “perhaps I can help you, after all. Don't you remember that gold ring I picked up in Central Park two years ago?”

“The one you advertised?”

“Yes. I advertised, or, rather, your father did; but we never found an owner for it.”

“I remember it now, mother. Have you got the ring still?”

“I will get it.”

Mrs. Hoffman went to her trunk, and, opening it, produced the ring referred to. It was a gold ring with a single stone of considerable size.

“I don't know how much it is worth,” said Mrs. Hoffman; “but if the ring is a diamond, as I think it is, it must be worth as much as twenty dollars.”

“Did you ever price it?”

“No, Paul; I have kept it, thinking that it would be something to fall back upon if we should ever be hard pressed. As long as we were able to get along without suffering, I thought I would keep it. Besides, I had another feeling. It might belong to some person who prized it very much, and the time might come when we could find the owner. However, that is not likely after so long a time. So, if you cannot raise the money in any other way, you may sell the ring.”

“I might pawn it for thirty days, mother. By that time I should be able to redeem it with the profits of my business.”

“I don't think you could get enough from a pawn-broker.”

“I can try, at any rate; but first I will see George Barry, and find out whether he will take twenty dollars down, and the rest at the end of a month.”

Paul wrapped up the ring in a piece of paper, and deposited it in his vest pocket. He waited till after dinner, and then went at once to the necktie stand, where he made the proposal to George Barry.

The young man shook his head.

“I'd like to oblige you, Paul,” he said, “but I must have the money. I have an offer of thirty-two dollars, cash, from another party, and I must take up with it if I can't do any better. I'd rather sell out to you, but you know I have to consult my own interest.”

“Of course, George, I can't complain of that.”

“I think you will be able to borrow the money somewhere.”

“Most of my friends are as poor as myself,” said Paul. “Still, I think I shall be able to raise the money. Only wait for me two days.”

“Yes, Paul, I'll wait that long. I'd like to sell out to you, if only because you have helped me when I was sick. But for you all that would have been lost time.”

“Where there's a will there's a way, George,” said Paul. “I'm bound to buy your stand and I will raise the money somehow.”

Paul bought a few papers, for he did not like to lose the afternoon trade, and in an hour had sold them all off, realizing a profit of twenty cents. This made his profits for the day seventy cents.

“That isn't as well as I used to do,” said Paul to himself, “but perhaps I can make something more by and by. I will go now and see what I can get