But Smithers & Co. continued calmly, yet successfully, their great enterprises. The Russian loan of fifteen millions was negotiated by them. They took twenty millions of the French loan, five millions of the Austrian, and two and a half of the Turkish. They took nearly all the stock of the Lyons and Marseilles Railroad. They owned a large portion of the stock of the Peninsular and Oriental Steam Navigation Company. They had ten millions of East India stock. California alone, which was now dazzling the world, could account to the common mind for such enormous wealth. The strangest thing was that Smithers himself was never seen. The business was done by his subordinates. There was a young man who represented the house in public, and who called himself Henderson. He was a person of distinguished aspect, yet of reserved and somewhat melancholy manner. No one pretended to be in his confidence. No one pretended to know whether he was clerk or partner. As he was the only representative of Smithers & Co., he was treated with marked respect wherever he appeared. The young man, whether partner or clerk, had evidently the supreme control of affairs. He swayed in his own hands the thunder-bolts of this Olympian power. Nothing daunted him. The grandeur of his enterprises dazzled the public mind. His calm antagonism to the great houses of London filled them with surprise. A new power had seized a high place in the commercial world, and the old gods--the Rothschilds, the Barings, and others--looked aghast. At first they tried to despise this interloper; at length they found him at least as strong as themselves, and began to fancy that he might be stronger. A few experiments soon taught them that there was no weakness there. On one occasion the Rothschilds, true to their ordinary selfish policy, made a desperate attempt to crush the new house which dared to enter into rivalry with them. Widespread plans were arranged in such a way that large demands were made upon them on one day. The amount was nearly two millions. Smithers & Co. showed not the smallest hesitation. Henderson, their representative, did not even take the trouble to confer with the Bank of England. He sent his orders to the Bank. The money was furnished. It was the Directors of the Bank of England who looked aghast at this struggle between Rothschild and Smithers & Co. The gold in the Bank vaults sank low, and the next day the rates of discount were raised. All London felt the result of that struggle.