Aladdin & Co.: A Romance of Yankee MagicQuick, Herbert
General
Aladdin & Co.: A Romance of Yankee Magic
Quick, Herbert
Fiction
So, also, there was good fighting when Cornish wired from New York for
Elkins and me to come to his aid in placing our Lattimore & Great
Western bonds. Of course, we never expected to build this railway with
our own funds. For two reasons, at least: it is bad form to do eccentric
things, and we lacked a million or two of having the money. The line
with buildings and rolling stock would cost, say, twelve thousand
dollars per mile. Before it could be built we must find some one who
would agree to take its bonds for at least that sum. As no one would pay
quite par for bonds of a new and independent road, we must add, say,
three thousand dollars per mile for discount. Moreover, while the
building of the line was undertaken from motives of self-preservation,
there seemed to be no good reason why we should not organize a
construction company to do the actual work of building, and that at a
profit. That this profit might be assured, something like three thousand
dollars per mile more must go in. Of course, whoever placed the bonds
would be asked to guarantee the interest for two or three years; hence,
with two thousand more for that and good measure, we made up our
proposed issue of twenty thousand dollars per mile of first-mortgage
bonds, to dispose of which "the former member of the firm of Lusch,
Carskaddan & Mayer" was revisiting the glimpses of Wall Street, and
testing the strength of that mighty influence which the _Herald_ had
attributed to him.
"You've just _got_ to win," said Giddings, who was admitted to the
secret of Cornish's embassy, "not only because Lattimore and all the
citizens thereof will be squashed in the event of your slipping up; but,
what is of much more importance, the _Herald_ will be laid in a lie
about your Wall Street pull. Remember that when foes surround thee!"
When we joined him, Cornish admitted that he was fairly well
"surrounded." He had failed to secure the aid of Barr-Smith's friends,
who said that, with the street-car system and the cement works, they had
quite eggs enough in the Lattimore basket for their present purposes. In
fact, he had felt out to blind ends nearly all the promising burrows
supposedly leading to the strong boxes of the investing public, of which
he had told us. He accounted for this lack of success on the very
natural theory that the Halliday combination had found out about his
mission, and was fighting him through its influence with the banks and
trust companies. So he had done at last what Jim had advised him to do
at first--secured an appointment with the mighty Mr. Pendleton; and,
somewhat humbled by unsuccess, had telegraphed for us to come on and
help in presenting the thing to that magnate.
Public-domain text, read in full here on John Shaqi.
Reviews
Reviews
No reviews yet
Be the first to share your thoughts on this work.
Elsewhere in the archive
Join the Discussion
Join the discussion
Sign in to leave a comment or review.
Sign InorCreate an account