Basine carried this explanation away. He allowed it to linger in his
mind without thinking of it. He knew that the fear was unwarranted and
yet the excitement had taken on the proportions of a public uprising.
The editorials of the press became couched more and more in
grandiloquent languages, reminiscent of Biblical passages. In fact a
religious fervor had entered the clamor. The overthrow of the private
bank was a mission of righteousness--an integral part of the higher
Christianity of the nation--to say nothing of the dreams of its
forefathers.
With this growing and exalted anger, a new phenomenon struck Basine. It
was the strange myth that had sprung up seemingly overnight of the power
of the private banks. He knew from his study of the facts that the
private bankers of the city were a handful of haphazard, third rate
financiers without prestige in the courts or pull in the politics of the
state. Their total holdings represented a slight fraction of the money
tied up in the banking business of the city. They had no standing
comparable with the standing of the supervised banks. The big interests
including the men of power in the city were against them and they were,
as a matter of fact, a puny by-product of the city's intricate finance.
Yet now they had become an insidiously entrenched monster. Public men of
affairs vied with each other in revealing the mysterious power of the
private bank. And Basine was left to marvel in silence over the fact
that the wilder the public frenzy against private bankers became, the
huger and more difficult to overthrow were the private bankers made out
to be.
His pride as author of the crusade began however to be colored with
misgivings. Others had risen to challenge him for the leadership of the
movement. Stern, fearless men, as stern and fearless as himself, were
offering to sacrifice themselves on the altars of freedom. The altars of
freedom, the press explained, were the battleground of the fight against
private banks.
The public's attention was being distracted from Basine. Men of greater
prestige than he had hurled themselves into the death struggle. These
great ones were more qualified than Basine for leadership. They were
older and of deeper experience in the slaying of Goliaths. Now it seemed
that perhaps one of them and not George Basine was the hero who would
be able to overthrow this latest menace to the public weal.
Basine's misgivings took the form of an irritation. He sensed the
fickleness of the public and understood that it could turn from him who
had started the whole thing and give its adulation to some other leader
who had jumped on the band-wagon and crowded Basine off the driver's
seat. His cynicism returned as he read the denunciations his rivals were
hurling at private banks.
Public-domain text, read in full here on John Shaqi.
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