Aladdin & Co.: A Romance of Yankee MagicQuick, Herbert
General
Aladdin & Co.: A Romance of Yankee Magic
Quick, Herbert
Fiction
Mr. Hinckley staid his thirty minutes and withdrew. Mr. Cornish went to
the telephone and ordered his dog-cart.
"Immediately," he instructed, "over here at the Grain Belt Trust
Building."
"Make it in half an hour, can't you, Cornish?" said Jim. "There are some
more things we ought to go over."
"Say!" shouted Cornish into the transmitter. "Make that in half an hour
instead of at once."
He hung up the telephone, and turned to Elkins inquiringly. Jim was
walking up and down on the rug, his hands clasped behind him.
"Since we've spread out into that string of banks," said he, still
keeping up his walk, "and made Mr. Hinckley the president of each of
'em, he's reverting to his old banker's timidity. Which consists, in all
cases, in an aversion to any change in conditions. To suggest any
change, even from an old, dangerous policy to a new safe one, startles a
'conservative' banker. If we had gone on a little longer with our talk
about shutting off steam and taking the nigger off the safety-valve,
you'd have seen him scared into a numbness. But, now that the question
has been brought up, let's talk it over. What's your notion about it,
anyhow, Al?"
"I'm seeking light," said I. "The people are rushing in, and the town's
doing splendidly. But prices, there's no denying it, are beginning to
sort of strangle things. They prevent doing, any more, what we did at
first. Kreuger Brothers' failure yesterday was small; but it's a clear
case of a retailer's being eaten up with fixed charges--or so Macdonald
told me this morning; and I know that frontage on Main Street is
demanding fully as much as the traffic will bear. And then our fright
over Trescott's gambling gave me some bad dreams over our securities. It
has bothered me to see how to adjust our affairs to a stationary
condition of things; that's all."
"Of course," said Cornish, "we must keep boosting. Fortunately society
here is now thoroughly organized on the principle of whooping it up for
Lattimore. I could get up a successful lynching-party any time to attend
to the case of any miscreant who should suggest that property is too
high, or rents unreasonable, or anything but a steady up-grade before
us. But I think we ought to stop buying--except among ourselves, and
keep the transfers from falling off--and begin salting down."
"If you can suggest any way to do that, and still take care of our
paper," said Jim, "I shall be with you."
"I've never anticipated," said Cornish, "that such a mass of business
could be carried through without some losses. Investors can't expect
it."
"The first loss in the East through our paper," said Jim, "means a
taking up of the Grain Belt securities everywhere, and no market for
more. And you know what that spells."
"It mustn't be allowed to happen--yet awhile," answered Cornish. "As I
just now said, we must keep on boosting."
"You know where the Grain Belt debentures and other obligations are
mostly held, of course?" asked Mr. Elkins.
Public-domain text, read in full here on John Shaqi.
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