For some time Ford could only read and re-read the exciting telegram,
scarcely trusting the evidence of his senses. That the coldly
indifferent members of the P. S-W. board, with a man like President
Colbrith at their head, could be swung into line in the short space of a
single day by a young fellow who seemed to be little more than a spoiled
son of fortune, was blankly incredible.
But he was not long in realizing that the cherished scheme for which he
had studied and struggled was actually beginning to stagger to its feet;
or in reaching the equally stirring conclusion that his part in the
suddenly reopened game called instantly for shrewd blows and the
swiftest possible action.
The stock-holders in the three local roads which were to be united to
bridge the Chicago-Missouri River gap were scattered all over the Middle
West. To secure the necessary options on working majorities of the stock
would be a task for a financial diplomat, and one who could break the
haste-making record by being in a dozen different places at one and the
same moment. Moreover, secrecy became a prime factor in the problem. If
the opposition, and particularly the Transcontinental people, should
get wind of the move, it would take fifteen millions to do the work of
five, as Banker Magnus had intimated.
Notwithstanding the thickly marshaled obstacles, Ford had his plan of
campaign pretty well thought out by the time his train was slowing into
the Union Station. Before going to New York he had painstakingly
"located" the required holdings of the three stocks. Some of them were
in Chicago, but the greater number of the men to be bargained with were
local capitalists living in the smaller cities along the lines of the
three short railroads.
In his bag was a carefully compiled list of these stock-holders, with
their addresses and the amounts of their respective holdings. At the
worst, he concluded, it should mean nothing more formidable than a deal
of quick traveling, some anxious bargaining, perhaps, and a little
finesse to keep his object in securing the options safely in the
background.
This was how it appeared in the prospect; and the young engineer had yet
to learn that the securing of options is a trade by itself--a trade by
no means to be caught up in passing, even by the most gifted of tyros.
Public-domain text, read in full here on John Shaqi.
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