Capitalists and financiers -- Fiction; Gold -- Fiction; South America -- Fiction; Wall Street (New York, N.Y.) -- Fiction
It was hampered by these restrictions and harassed by the impotent
result of his unaided struggles with his great problem, that Brent began
to study the affairs of the day early in December. Fortunately he
admitted without reserve his ignorance and his incompetence for the task
which he had assumed. His present duty, he wisely decided, was to seek
information. He could do this in books, in newspapers, and in his
character as a wealthy gentleman of leisure among men of business. He
was not hopeful, however, of finding any definite suggestions for the
disposal of the most enormous treasure that had ever been suddenly added
to the world’s banking account.
His first practical step was to provide for turning some small portion
of his store into money. That would be necessary in any event, for
gold-dust and nuggets are not legal tender, and the metal must be in
the form of coin or duly stamped and certified bullion before it will
pass current in the world’s markets. He saw that he must adopt careful
and strict precautions. He must guard not only the secret of his own
connection with this gold, but the fact of the metal’s existence must be
kept from the world. If it became known that such an overwhelming flood
of new-born treasure might at any moment be poured into the ebbing and
flowing tide of human traffic, the consequences would be something quite
beyond the power of the imagination to estimate. Brent did not undertake
to say what would happen.
He remembered that the financial disaster which swallowed up his own
fortune eighteen months before had been caused primarily by the
production of too much silver. It had become impossible to preserve the
proportion of value which the white metal had held to the yellow in
previous history. America had persisted longer in the attempt than any
other country. When she abandoned the task, she suffered the severest
penalties for her efforts. All this was clear in Brent’s mind, and he
feared that the plethora of gold which would be created by the unlocking
of his treasure-house would prove even more disastrous. He meant to
guard against the possible calamity.
He decided to send to the Philadelphia Mint thirty of the boxes from the
steel vault, the equivalent of about $4,500,000, which could be coined
promptly. One hundred boxes more, worth say $15,000,000, he would turn
into bullion at the United States Assay Office in Wall Street. He would
thus be provided with an available capital of nearly $20,000,000, which
would be sufficient probably for his immediate purposes. The greatest
safety against suspicion he decided lay in treating his boxes as
ordinary merchandise. He shipped thirty cases to Philadelphia as
second-class freight. When they arrived there he allowed them to remain
unguarded for a day or two in the railroad freight depot. He employed a
private truckman to deliver them at the Mint.
His request for a private audience with the director of the Mint was
granted at once.
Public-domain text, read in full here on John Shaqi.
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