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
There began, now, busy days at the factory. In the third floor of their
building a machine shop was installed. Three thousand dollars went
there. Outside, in a large experimental shop, work was being rapidly
pushed on machinery which would make tacks with cross-corrugated heads.
Genius Wallingford had secretly secured drawings of tack machinery, and
devised slight changes which would evade the patents, adding dies that
would make the roughened tops. A final day came when, set up in their
shop, the first faulty machine pounded out tacks ready for later
covering, and every stockholder who had been called in to witness the
working of the miracle went away profoundly convinced that fortune was
just within his reach. They had their first patent granted now, and the
sight of it, on stiff parchment with its bit of bright ribbon, was like
a glimpse at dividends. It was right at this time, however, that one cat
was let out of the bag. The information came first to Edward Lamb,
through the inquiries of a commercial rating company, that their Boston
capitalist was a whited sepulcher, so far as capital went. He had not a
cent. The secretary, in the privacy of their office, put the matter to
him squarely, and he admitted it cheerfully. He was glad that the
_expose_ had come--it suited his present course, and he would have
brought it about himself before long.
"Who said I had money?" he demanded. "I never said so."
"Well, but the way you live," objected Lamb.
"I have always lived that way, and I always shall. Not only is it a fact
that I have no money, but I must have some right away."
"I haven't any more to lend."
"No, Eddy; I'm not saying that you have. I am merely stating that I have
to have some. I am being bothered by people who want it, and I cannot
work on the covering machine until I get it," and Mr. Wallingford coolly
telephoned for his big automobile to be brought around.
They sat silently in the office for the next five minutes, while Lamb
slowly appreciated the position they were in. If J. Rufus should "lay
down on them" before the covering machine was perfected, they were in a
bad case. They had already spent over twenty thousand dollars in
equipping their office, their machine shop, and perfecting their
stamping machine, and time was flying.
"You might sell a little of your stock," suggested Lamb.
"We have an agreement between us to hold control."
"But you can still sell a little of yours, and stay within that amount.
I'm not selling any of mine."
Mr. Wallingford drew from his pocket a hundred-share stock certificate.
"I have already sold some. Make out fifty shares of this to L. W.
Ramsay, twenty-five to E. H. Wyman, and the other twenty-five to C. D.
Wyman."
Ramsay and the Wyman Brothers! Ramsay was the automobile dealer; Wyman
Brothers were Wallingford's tailors.
"So much? Why didn't you sell them at least part from our extra treasury
stock? There is twenty thousand there, replacing the ten thousand of the
old company."
Public-domain text, read in full here on John Shaqi.
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