"I've been talking with Washington," he announced, and his voice was one
of steel coolness. At such an hour as this Malone wasted no minim of
strength in futile anger. That belonged to other moments. "We have done
what we could. It is not enough. We must do more. We have pegged those
stocks where the slump would be most demoralizing and already this
highbinder, Burton, has smashed those pegs like match-stems. We have
sent money to a dozen banks that seemed hardest pressed, and scores are
sending out calls for help. Good God, gentlemen, it's like sweeping back
the sea with brooms."
"Why did you send for me?" demanded Edwardes, though he knew.
"To ask your aid," came the crisp reply. "This is a general alarm. The
next few hours will roar to the continuous crash of falling banks--many
of them banks that have a close relationship to you, Edwardes. Once more
we must go to the rescue and it will take fifty additional millions.
Otherwise--panic unparalleled. We expect you to stand your pro rata."
"Gentlemen," said the latest comer bluntly, "this raid is primarily
aimed at me--its principal object is my destruction. Already I am hit
for millions. I, too, was about to call for help from you. When this
succession of crashes comes, Edwardes and Edwardes may be among the
ruins."
The bushy brows of Malone came together in astonishment. "Great heavens,
man! Edwardes and Edwardes is a synonym for Gibraltar."
"And under heavy enough artillery--" Edwardes spoke with bitter
calmness--"Gibraltar would be a synonym for scattered junk. What news
from Washington?"
"Washington has called Burton on the telephone. The Secretary of the
Treasury has failed to connect with him. He does not acknowledge
telegrams. He is ignoring the government and treating the President
with contempt. He wants to have today for his massacre--and to talk
about it tomorrow. We have sent repeatedly to his office. He can't be
reached."
"That effort may as well be dropped." Edwardes shrugged his shoulders
wearily. "He will have his day--and leave tomorrow to itself."
"And by the Immortal!" For an instant a baleful fire leaped into
Malone's face. "We will have tomorrow! Every sinew of American finance
shall be strained against him. But tomorrow may be too late. Can you
hold out?"
Edwardes smiled grimly. "I'm trying like all hell," he said. "I've not
laid down yet."
* * * * *
It was two o'clock and the Stock-Exchange was a shambles. Every security
in the Street was down to panic figures and plunging plummet-like to
further depths. At shortening intervals over the hoarse shrieks of the
floor's tumult boomed the brazen hammer blows of the huge gong, which
should sound only twice each day. At every recurring announcement of
failure a wall-shaking howl went up and echoed among the sixty-two
inverted golden blossoms of the ceiling.
Public-domain text, read in full here on John Shaqi.
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