Besides that, he pays you back your margin." "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 ?" "I feel sure of it.