The Affair of the Avalanche Bicycle and Tyre, Co., Ltd. | Page 2

and the afternoon had brought another
copy in the evening paper. In the list of directors there was a titled
name or two, together with a few unknown names -- doubtless the
"practical men." And below this list there were such positive promises
of tremendous dividends, backed up and proved beyond dispute by
such ingenious piles of business-like figures, every line of figures
referring to some other line for testimonials to its perfect genuineness
and accuracy, that any reasonable man, it would seem, must instantly
sell the hat off his head and the boots off his feet to buy one share at
least, and so make his fortune for ever. True, the business was but
lately established, but that was just it. It had rushed ahead with such
amazing rapidity (as was natural with an avalanche) that it had got
altogether out of hand, and orders couldn't be executed at all; wherefore
the proprietors were reluctantly compelled to let the public have some
of the luck. This was Thursday. The share list was to be opened on
Monday morning and closed inexorably at four o'clock on Tuesday
afternoon, with a merciful extension to Wednesday morning for the
candidates for wealth who were so unfortunate as to live in the country.
So that it behoved everybody to waste no time lest he be numbered
among the unlucky whose subscription-money should be returned in
full, failing allotment. The prospectus did not absolutely say it in so
many words, but no rational person could fail to feel that the directors
were fervently hoping that nobody would get injured in the rush.
Dorrington passed on and reached the well-known establishment of the
"Inde structible Bicycle Company." This was already a limited
company of a private sort, and had been so for ten years or more. And
before that the concern had had eight or nine years of prosperous
experience. The founder of the firm, Sir Paul Mallows, was now the
managing director, and a great pillar of the cycling industry. Dorrington

gave a clerk his card, and asked to see Mr. Mallows.
Mr. Mallows was out, it seemed, but Mr. Stedman, the secretary, was in,
and him Dorrington saw. Mr. Stedman was a pleasant, youngish man,
who had been a famous amateur bicyclist in his time, and was still an
enthusiast. In ten minutes business was settled and dismissed, and
Dorrington's tact had brought the secretary into a pleasant discursive
chat, with much exchange of anecdote. Dorrington expressed much
interest in the subject of bicycling, and, seeing that Stedman had been a
racing man, particularly as to bicycling races.
"There'll be a rare good race on Saturday, I expect," Stedman said. "Or
rather," he went on, "I expect the fifty miles record will go. I fancy our
man Gillett is pretty safe to win, but he'll have to move, and I quite
expect to see a good set of new records on our advertisements next
week. The next best man is Lant -- the new fellow, you know -- who
rides for the 'Avalanche' people."
"Let's see, they're going to the public as a limited company, aren't
they?" Dorrington asked, casually.
Stedman nodded, with a little grimace.
"You don't think it's a good thing, perhaps," Dorrington said, noticing
the grimace. "Is that so?"
"Well," Stedman answered, "of course I can't say. I don't know much
about the firm -- nobody does, as far as I can tell -- but they seem to
have got a business together in almost no time; that is, if the business is
as genuine as it looks at first sight. But they want a rare lot of capital,
and then the prospectus -- well I've seen more satisfactory ones, you
know. I don't say it isn't all right, of course, but still I shan't go out of
my way to recommend any friends of mine to plunge on it."
"You won't?"
"No, I won't. Though no doubt they'll get their capital, or most of it.
Almost any cycle or tyre company can get subscribed just now. And

this 'Avalanche' affair is both, and it is so well advertised, you know.
Lant has been winning on their mounts just lately, and they've been
booming it for all they're worth. By Jove, if they could only screw him
up to win the fifty miles on Saturday, and beat our man Gillett, that
would give them a push! Just at the correct moment too. Gillett's never
been beaten yet at the distance, you know. But Lant can't do it -- though,
as I have said, he'll make some fast riding -- it'd be a race, I tell you!"
"I should like to see it."
"Why not come? See about it, will you? And perhaps you'd like to run
down to the track after dinner