Businessmen -- Fiction; Married people -- Fiction; New York (N.Y.) -- Fiction
"Now," went on Armstrong, "I don't want to climb on any pedestal of
altruistic virtue. I suggest that we form a Stockholders' Protective
Association, composed of all the Consolidated investors we can round
up. At the head of this, place a committee of three men, of whom I
suggest Judge Holcomb as one. The others may be selected later.
From now until the annual meeting on April third, let this
association carry on a campaign of publicity against the Consolidated
looters, particularly against Macgowan, since he's the power behind
Findlater. Make clear that this campaign is not directed against
Consolidated, but for Consolidated.
"While Mr. Mansfield is at work with Mr. Dorns, let us reach every
investor in the company through this association; hold meetings,
write letters, reach them by every means! Use the radio. The
Armstrong Company publishes a monthly pamphlet for its _clientèle_,
and this pamphlet may be distributed to reach the entire list of
investors--"
"With what object?" interjected Judge Holcomb.
"That of obtaining their proxies for use at the annual meeting."
This unexpected retort brought a new and frowning attention to the
eyes of his auditors. He went on quickly.
"Oh, I've given up hope of a quick fight! We'll not down Macgowan in
a hurry. Judge, your thousand shares of common are tied up in that
voting trust, along with mine; Macgowan is going to fight to keep
that voting trust from being dissolved a few days before the meeting,
I'm afraid. We must take no chances. I have some stock outside the
voting trust. We must campaign for votes and leave no effort
unexpended. We have something definite to go on, now. How much of
that thirty-five thousand was voted for back salaries, Dorns?"
The detective shook his head. "No details yet. Get 'em in a day or
two."
"No matter," put in Mansfield, a gleam in his eye. "Back salary in
any amount is illegal."
"Exactly," went on Armstrong. "That's my scheme,
gentlemen--publicity! We have nothing to conceal; they have
everything. I have written agreements from these men to act without
salary for three years, and the time isn't up by a long shot. We
must count largely upon Mr. Dorns to supply evidence from the books
of Consolidated, as we go along, in regard to what Macgowan does; but
we can obtain information without much trouble.
"I can prophesy one thing that'll be done soon. Findlater has a
friend with some scheme for refining turpentine, which I rejected as
a wild dream. The new directorate will finance this scheme, mark me!
We shan't lack ammunition. The main thing is to reach every investor
quickly, giving him the truth about the new management and what can
be expected of it."
There was a moment of silence. Judge Holcomb fingered his gray beard
frowningly. Mansfield was gazing reflectively at the ceiling. Dorns
chewed hard on a cigar. The silence was at length broken by Holcomb.
Public-domain text, read in full here on John Shaqi.
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