6. Base a telegraphic night letter of not more than fifty words
upon these circumstances:
(a) You have been sent to buy, if possible and as cheaply as possible, a
majority of the stock in a given company. You find that many of the
stockholders distrust or dislike the president and are willing to sell.
Some of these ask only $50 a share for their holdings; the owners of 100
shares want as much as $92; the average price asked is $76. By buying out
all the president's enemies, which you can now do beyond question, you
would secure a bare majority of the stock. But $92 a share seems to you
excessive; that is, you think that by working quietly among the
president's friends you can get 100 shares at $77 or thereabouts and thus
save approximately $1500. On the other hand, should your dealings with the
friends of the president give him premature warning, he might stop the
sales by these friends and himself begin buying from his enemies, and thus
make your purchase of a majority of the stock impossible. Is the $1500 you
would save worth the risk you would be obliged to take? You call for
instructions.
(b) You are telegraphing a metropolitan paper the results of a
Congressional election.
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