Get-Rich-Quick Wallingford: A Cheerful Account of the Rise and Fall of an American Business BuccaneerChester, George Randolph
General
Get-Rich-Quick Wallingford: A Cheerful Account of the Rise and Fall of an American Business Buccaneer
Chester, George Randolph
Businessmen -- Fiction; New York (N.Y.) -- Fiction; Swindlers and swindling -- Fiction
"Maybe," admitted Mr. Wallingford; "but let me tell you something I
found out during my trip East. For five years the Hammond Automatic
Cashier Company fought the United Sales Recording Machine Company of New
Jersey tooth and toe nail, and finally sold out to them for two hundred
thousand dollars, a net loss of over a quarter of a million, besides
all their time. During the same period, the Keyes Accounting Device
Company, with a capital of three hundred thousand dollars, was fought
out of existence and quit without a cent. The Burch Company, the
Electric Sales Checking System Company and the Wakeford and Littleman
Store Supply Company, all rich, all met the same fate. That note you
gave me was a mere incident. You had the ten thousand dollars, have used
it in the business, and it is gone. If you had a hundred thousand
dollars more on top of it, that would drop into the same hole, for I am
told that the United Company lays aside twenty-five dollars from every
sale for patent litigation. But since Jensen seems to think I am not a
man of my word I will do this: There are seven of us in the company. I
will put in ten thousand dollars if the rest of you will raise thirty.
We will pay this note and hire lawyers as long as we last, and as a
proof that I mean what I say here is ten thousand dollars that I will
put into the hands of your treasurer the minute the rest of you are
ready to make up your share."
From his pocket he drew ten bills of one thousand dollars each. It was
the first time they had any of them seen money of such large
denomination, and it had a visible effect.
"I can raise five thousand dollars on my house and shop," offered Carl
Klug hopefully, but one glance at the glum faces of his friends was
enough to discourage that idea.
Wallingford was rehabilitated, but not their faith in Carl Klug's
unlucky device. The sale of the company must bring something, possibly
enough to settle the note. If they could get out of it without losing
any more they would consider themselves lucky.
"When is this sale?" asked Wallingford.
"To-morrow morning at ten o'clock. Here."
"Very well," said Wallingford. "If before that time any of you want to
take up the offer I have just made, you are welcome to do so," and he
put the money back in his pocket.
He had found out what he wanted to know, and drove away well satisfied
with the results of his visit. His proposition to put further cash into
the concern "if they would raise thirty thousand dollars" had wrought
the effect he had calculated upon. It had scared them out completely.
At his hotel he found three telephone memoranda waiting for him. They
were all from the same source: room number 425 of the only other good
hotel in the city. He did not answer this call until he got to his own
rooms, and then he spoke with much briefness.
Public-domain text, read in full here on John Shaqi.
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