'I have always thought,' said John, 'that the capitalization is too
high.'
'Really, I believe you think that article is not so unfair, after all.
John, I'm astonished at you!'
'But if we do commence a libel suit, it cannot be finished before our
option has expired. If we tell people that we have begun a suit against
the _Financial Field_ for libel, they will merely say they prefer to wait
and hear what the result of the case is. By that time our chances of
forming a company will be gone.'
'There is a certain amount of truth in that; nevertheless, I do not see
how we are to go on with our company unless suit for libel is at least
begun.'
Before John could reply there was a knock at the door, and the clerk
entered with a letter in his hand which had just come in. Kenyon tore it
open, read it, and then tossed it across the table to Wentworth.
Wentworth saw the name of their firm of solicitors at the top of the
letter-paper. Then he read:
'DEAR SIR,
'You have doubtless seen the article in the _Financial Field_ of this
morning, referring to the Canadian Mica Mining Company. We should be
pleased to know what action you intend to take in the matter. We may
say that, in justice to our reputation, we can no longer represent
your company unless a suit is brought against the paper which contains
the article.
'Yours truly,
'W. HAWK.'
Wentworth laughed with a certain bitterness.
'Well,' he said, 'if it has come to such a pass that Hawk fears for his
reputation, the sooner we begin a libel suit against the paper the
better!'
'Perhaps,' said John, with a look of agony on his face, 'you will tell me
where the money is to come from. The moment we get into the Law Courts
money will simply flow like water, and doubtless the _Financial Field_
has plenty of it. It will add to their reputation, and they will make a
boast that they are fighting the battle of the investor in London.
Everything is grist that comes to their mill. Meanwhile, we shall be
paying out money, or we shall be at a tremendous disadvantage, and the
result of it all will probably be a disagreement of the jury and
practical ruin for us. You see, I have no witnesses.'
'Yes, but what about the mine? How can we go on without vindicating
ourselves?'
Before anything further could be said, young Mr. Longworth came in,
looking as cool, calm, and unruffled as if there were no such things in
the world as financial newspapers.
'Discussing it, I see,' were his first words.
'Yes,' said Wentworth; 'I am very glad you have come. We have a little
difference of opinion in the matter of that article. Kenyon here is
averse to suing that paper for libel; I am in favour of prosecuting it.
Now, what do _you_ say?'
'My dear fellow,' replied Longworth, 'I am delighted to be able to agree
with Mr. Kenyon for once. Sue them! Why, of course not. That is just what
they want.'
'But,' said Wentworth, 'if we do not, who is going to look at our mine?'
Public-domain text, read in full here on John Shaqi.
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