They went silent now, and grouped a little closer about the tabouret
which stood between them. The old man's voice went on evenly, with no
excitement. Their conversation attracted the attention of none in the
wide lounging room, where large affairs more than once had been
discussed--even the making of Senators to order.
"I'll tell you what happens," the old man resumed. "He quits using us
for a stalking horse, and he comes down to his own system. He's spread
out. Banks are all polite, but--well, he has to put up collateral; and
then some more. If he doesn't want to put up International, he's apt
to find that a bunch of automobiles is poor property when sold at
twenty per cent. their cost. He turns off two or three butlers, but
still that doesn't serve for margins. The market doesn't suit his book
any more.
"He's discovering now the great truth of something any old friend Emory
Storrs used to say--Emory always was in debt, or wanted to be, and says
he: 'There's no trouble about prosperity in this country; there's
plenty of money--the only trouble is in the confounded scarcity in
_collateral_.' Well, he goes over to this young man, who is standing
out for some reason best known to himself, and he tries to get him to
come through, and he doesn't come through. What's left? Why, the
diamond lightnings of the Lady of the Lightnings--and his International
Power stock.
"Meantime, all this thing can't be kept entirely secret; that is to
say, the market part of it can't be. But we sit tight, all of us. We
hold our regular directors' meetings of the International board, and we
smile, and look pleasant. We don't know a thing about his hot water
experiences in the open market. He explains to us why this and that
happens, or doesn't happen, in International; and we smile and look
pleasant, and we don't know a thing. After a time it's up to him and
the Lady of the Lightnings. Something pops! He's up against it, all
except his International Power. Then Van, and you, Standley, and you,
Ack, and you, and you and I, and all of us--why we're still pleasant as
pie to him and we say, 'Well, Mr. John Rawn, if you'd only sell us two
or three shares of International, we'd pay you twenty times what it's
worth--but it's very much cheaper now--by reason of Van's competing
company!'
"That's about all, I think!"
The others nodded silently. The game was not new to them, and even in
its most complicated features might have been called simple, with
resources such as theirs. If these resources had made Rawn, they could
unmake him. It was all in the day's work for them.
Public-domain text, read in full here on John Shaqi.
Reviews
Reviews
No reviews yet
Be the first to share your thoughts on this work.
Elsewhere in the archive
Join the Discussion
Join the discussion
Sign in to leave a comment or review.
Sign InorCreate an account