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
At Kriegler's, Wallingford found Jasper and two other stockholders, and
he drew them aside to a corner table. For a quarter of an hour he was
jovial with them, and once more they felt the magnetic charm of his
personality, though each one secretly feared that he had come again for
money. He had, but not for himself.
"The treasury is empty," he calmly informed them, during a convenient
pause, "and the Corley Machine Company insist on having their bill paid.
We owe them two thousand dollars, and it will take five thousand more to
complete the covering machine."
"You've been wasting money in the company as you do at home," charged
David, flaring up at once with long-suppressed grievances. "You had
thirty thousand cash to begin with. I was down to the Corley Machine
Company myself, day before yesterday, and I saw a pile of things you had
them make and throw away that they told me cost nearly five thousand
dollars."
"They didn't show you all of it," returned Wallingford coolly. "There's
more. You don't expect to perfect a machine without experimenting, do
you? Now you let me alone in this. I know my business, and no man can
say that I am not going after the best results in the best way. You
fellows figure on expense as if we were conducting a harness shop or a
grocery store," he continued, whereat Jasper and Lewis reddened with
resentment of the sort for which they could not find voice. "Rent,
light, power, and wages eat up money every day," he reminded them, "and
every day's delay means that much more waste. We _must_ have money to
complete this covering machine, and we must have it at once. There is
twenty thousand dollars' worth of treasury stock for sale, aside from
the hundred thousand held in reserve until we are ready to manufacture.
That extra stock must be sold right away! I leave it to you," he
concluded, rising. "I'm not a stock salesman," and with that brazen
statement he left them.
The statement was particularly brazen because that very morning, after
he left these men, he disposed of a five-thousand-dollar block of his
own stock and turned the money over to his wife before he returned to
the office in the afternoon. Lamb received him in a torrent of
impatience.
"I feel like a cheat," he declared. "The Corley people were over here
again, and say that they do not know us. They only know our money, and
they want some at once or they will not proceed with the machinery."
"I have been doing what I could," replied Wallingford. "I put the matter
up to Jasper and Lewis and Nolting this morning. I told them they would
have to sell the extra treasury stock."
"You did!" exclaimed Lamb. "Why did you go to them? Why didn't you go
out and sell the stock yourself?"
"I am not a stock salesman, my boy."
"You have been active enough in selling your private stock," charged
Lamb.
"That's my business," retorted Mr. Wallingford. "I am strictly within my
legal rights in disposing of my own stock. It is my property, to do with
as I please."
Public-domain text, read in full here on John Shaqi.
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