"I mean this: You are to carry me with your brokers for ten thousand
shares of the common stock of the Pearl Street trolley line on a
ten-point margin. The account may be opened in the name of Mr. X; I, of
course, being Mr. X. I apprehend that the party known as X will see his
way clear to closing out the account very shortly after the formal
announcement of your plans for the East Side transit merger--certainly
within a few days. If there should be any losses you will stand them up
to and including the ten-point margin. If there should be any profits
they go, of course, to Mr. X. I do not anticipate that there will be any
losses, and I do anticipate that there will be some profits. In payment
for this friendly accommodation on your part, I for my part will engage
to prevent the publication in _The Clarion_, or elsewhere, of the
statements contained in those proofs and now standing in type in our
composing room, subject to my order to print the story forthwith, or to
withhold it, or to kill it outright."
"Anything else, Mr. Foxman?" inquired Mr. Blake blandly.
"Yes, one other thing: You are to give the necessary order now, in my
presence, over the telephone to your brokers. After that you are to go
with me to their offices to complete the transaction and to identify me
properly as the Mr. X who is to be the owner of this particular
account; also you are to explain to them that thereafter the account is
subject to my orders and mine alone. I think that will be sufficient."
"It would seem, Mr. Foxman, that you do not trust me to deal fairly with
you in this matter?"
"I do not have to trust you, Mr. Blake. And so I choose not to."
"Exactly. And what guaranty have I that you will do your part?"
"Only my word, Mr. Blake. You will observe now that the shoe is on the
other foot. I do not have to trust you--whereas you do have to trust me.
But if you need any guaranty other than the thought of where my
self-interest lies in the matter I may tell you that in addition to the
stocks which you are to carry for me I intend to invest in Pearl Street
common to the full extent of my available cash resources, also on a
ten-point margin. Here is the best proof of that." He hauled out his
certified check for twenty-four thousand and some odd dollars and handed
it over to Mr. Blake.
Mr. Blake barely glanced at it and handed it back, at the same time
reaching for his desk telephone.
Public-domain text, read in full here on John Shaqi.
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