Bankruptcy -- Fiction; Gold mines and mining -- Alaska -- Fiction; Oakland (Calif.) -- Fiction; Western stories; Women pioneers -- Fiction
"What we want," Letton took up the strain, pausing significantly to sip
his mineral water, "what we want is to take large blocks of Ward Valley
off the hands of the public. We could do this easily enough by
depressing the market and frightening the holders. And we could do it
more cheaply in such fashion. But we are absolute masters of the
situation, and we are fair enough to buy Ward Valley on a rising
market. Not that we are philanthropists, but that we need the
investors in our big development scheme. Nor do we lose directly by
the transaction. The instant the action of the directors becomes known,
Ward Valley will rush heavenward. In addition, and outside the
legitimate field of the transaction, we will pinch the shorts for a
very large sum. But that is only incidental, you understand, and in a
way, unavoidable. On the other hand, we shall not turn up our noses at
that phase of it. The shorts shall be the veriest gamblers, of course,
and they will get no more than they deserve."
"And one other thing, Mr. Harnish," Guggenhammer said, "if you exceed
your available cash, or the amount you care to invest in the venture,
don't fail immediately to call on us. Remember, we are behind you."
"Yes, we are behind you," Dowsett repeated.
Nathaniel Letton nodded his head in affirmation.
"Now about that double dividend on the eighteenth--" John Dowsett drew
a slip of paper from his note-book and adjusted his glasses.
"Let me show you the figures. Here, you see..."
And thereupon he entered into a long technical and historical
explanation of the earnings and dividends of Ward Valley from the day
of its organization.
The whole conference lasted not more than an hour, during which time
Daylight lived at the topmost of the highest peak of life that he had
ever scaled. These men were big players. They were powers. True, as
he knew himself, they were not the real inner circle. They did not
rank with the Morgans and Harrimans. And yet they were in touch with
those giants and were themselves lesser giants. He was pleased, too,
with their attitude toward him. They met him deferentially, but not
patronizingly. It was the deference of equality, and Daylight could
not escape the subtle flattery of it; for he was fully aware that in
experience as well as wealth they were far and away beyond him.
"We'll shake up the speculating crowd," Leon Guggenhammer proclaimed
jubilantly, as they rose to go. "And you are the man to do it, Mr.
Harnish. They are bound to think you are on your own, and their shears
are all sharpened for the trimming of newcomers like you."
Public-domain text, read in full here on John Shaqi.
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