Businessmen -- Fiction; Married people -- Fiction; New York (N.Y.) -- Fiction
"Suppose we defer celebrations," said Judge Holcomb shrewdly.
"Everything's going to change before the meeting; it's bound to. If
I were you, I'd look for a last minute blow from those rascals.
Therefore, go slow--and don't let up!"
This was good advice. Armstrong realized that, notwithstanding the
apparent victory, both his personal credit and that of the Armstrong
Company had suffered an extraordinary amount of damage, not to
mention the harm that this fight was causing Consolidated as a
business concern. The damage would be assessed at law, but it was
done.
That Macgowan had met with some success in his campaign for proxies,
was evident. His methods had been to utilize falsehood, brazen
filing of suits which would never be tried, desperate attempts to
publicize Armstrong as a trickster and cheat. Yet with all this, the
control of Consolidated was bound to pass to Armstrong at the annual
meeting. His three thousand shares tied up in the voting trust
would, when released, confirm the victory.
But Judge Holcomb, keen old veteran that he was, had prophesied truly.
Six days before the annual meeting, the blow fell. Macgowan came
into the open as plaintiff, filing suit upon absolutely baseless
charges which, however, served as grounds for making an attachment.
Upon the voting trustees--Macgowan, Findlater and Jimmy Wren, whom
Armstrong had continued in the voting trust--were served the
attachment papers. By those papers, the Sheriff of New York
commanded that Armstrong's stock should not be released from the
voting trust until the attachment should be satisfied.
Mansfield came to the office, read the papers, listened in silence to
Armstrong's furious outburst of denunciation. Then he spoke, calmly.
"Surely, I warned you of such action, and you expected it--"
"Such action as this?" Armstrong struck the papers violently. "Do
you realize that these charges have not a particle of truth, of
substantiation--that the suit is illegal, the whole action a mockery
of the law?"
Mansfield, imperturbably, assented.
"Quite so. I realize, also, that we are helpless. After the
election this suit will be dismissed. Make up your mind, sir, that
Macgowan is going to vote your stock at this meeting! At any cost!
He cares not what punitive action we take afterward. He can fight
that in the courts, postpone retribution, evade from pillar to post.
In the end, he must settle; before that time comes, he will have
milked Consolidated to the limit, and will be well able to settle.
Our one hope is and must be to beat this trickster by the votes of
your stockholders."
Armstrong turned to Judge Holcomb, who was present with Bruton.
"Can we do that, gentlemen?"
Bruton had been swiftly checking over a paper in his hand. Now he
glanced up.
"We have at this moment one hundred votes in excess of a majority."
"What? You mean--"
Public-domain text, read in full here on John Shaqi.
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