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VII

The Ingenious Mr Spinola

YOU seem troubled, Parkinson. Have you been reading the Money Article again?"

Parkinson, who had been lingering a little aimlessly about the room, exhibited symptoms of embarrassed guilt. Since an unfortunate day, when it had been convincingly shown to the excellent fellow that to leave his accumulated savings on deposit at the bank was merely an uninviting mode of throwing money away, it is not too much to say that his few hundreds had led Parkinson a sorry life. Inspired by a natural patriotism and an appreciation of the advantage of 4½ over 1¼ per cent., he had at once invested in consols. A very short time later a terrible line in a financial daily—"Consols weak"—caught his agitated eye. Consols were precipitately abandoned and a "sound industrial" took their place. Then came the rumours of an impending strike and the Conservative press voiced gloomy forebodings for the future of industrial capital. An urgent selling order, bearing Mr Parkinson's signature, was the immediate outcome.

In the next twelve months Parkinson's few hundreds wandered through many lands and in a modest way went to support monarchies and republics, to carry on municipal enterprise and to spread the benefits of

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