A Captain of Industry: Being the Story of a Civilized ManSinclair, Upton
General
A Captain of Industry: Being the Story of a Civilized Man
Sinclair, Upton
Industrialists -- Fiction; United States -- Fiction
And now his brokers were shouting offers, and the price was settling
steadily. The syndicate was again in hurried consultation; it was
evident by this time that some powerful foe was against them in full
force. Their peril was imminent and deadly; for the moment that the
street perceived a bear attack, alarm would spread; and after that
thousands would watch in wild uncertainty, and a single point might
bring the panic, might fling thousands and hundreds of thousands of
shares upon one side of the trembling balance. With only a few minutes'
discussing, the syndicate pledged three hundred thousand more.
The market was in a frenzy; T. & S. went to 157-1/2, and there held. The
brokers of the syndicate were making the board-room ring with their
shouts; and van Rensselaer, calm and ready, sold them all they wanted,
and every single time that they let up, began to bear the stock. The
result was that its value swayed back and forth, now gaining and now
losing a point, the trading in the meantime being furious. The meaning
of it all was fast becoming plain,--that some conspirators were trying
to break the stock, and that those conspirators were of the giants.
Robert van Rensselaer was calculated to be worth some twenty million
dollars at that day; and that meant that at the present price of the
stock he was in a position to buy about a million and a quarter shares.
Whether his enemies could go that far he did not know; but he sat
grimly and watched the ticker, while the fierce battle raged and sounds
of frenzied excitement came up from the street below.
So the hours crawled by, the three long weary hours more; and one by one
he hurled his blows, and one by one they came to nothing. He was not a
nervous man, and he did not drum the table; but his brow darkened and he
swore softly. He was staking all that he owned against the unknown power
of his opponents; and if he did not break them with his last offer, he
would be without a dollar in the world.
And so came the last few dreadful minutes of that ever memorable day of
frenzy. There were a dozen brokers shouting his gigantic offers; there
was one case where twenty thousand shares changed hands in one block. He
emptied his quiver, he made the market reel and men turn white with
terror; but his every order was snapped up on the instant, and T. & S.
never gave an inch! And so the moment of closing came; and the dreadful
day was at an end.
XXV
Robert van Rensselaer paced his office, his hands behind his back. He
had no more money, but he was not frightened; his trust was in the
eternal laws of nature,--and besides, he had one or two more cards to
play. He was walking up and down meditatively, talking to himself half
aloud. "I think," he was saying, "that I've gotten all the best of the
pickings; and so it really won't do so much harm if I let them in."
Public-domain text, read in full here on John Shaqi.
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