"I made the money by speculating." "Speculating!" repeated Conrad, still in the dark.
"Yes.

I'll tell you all about it." "Do! there's a good fellow." "You see, I bought fifty Erie shares on a margin." "How's that ?" "Why I got a broker to buy me fifty shares on a margin of one per cent.

He did it to oblige me.

I hadn't any money to put up, but I had done him one or two favors, and he did it out of good nature.

As the stock was on the rise, he didn't run much of a risk.