Mars (Planet) -- Fiction; Science fiction; Space colonies -- Fiction
"I told you I was forced into it, didn't I? Wendel is calling
Endicott's bluff. We can no longer go on buying Endicott fuel cylinders
openly on margin, hundreds of them and letting all of them stay in
Wendel's custody, because we don't really own them at all. The price
goes up or the price goes down and we sell out and buy again--and we're
supposed to own four-fifths of the Endicott Combine. But there's not
a single Colonist who owns the equivalent of four or five cylinders
outright. I don't own these six cylinders. But I had to bring them home
with me."
"I just don't understand why. It's too complicated for me. A nuclear
explosion would be much easier for me to understand."
"All right ... I'll go over it again. But try to listen more carefully
this time. Before this big, cut-throat war started only one man
suspected that one of the two competing combines might try to sell
its fluid property to the Colonists on margin. They were supposed to
cooperate, not compete, because it was thought that Wendel couldn't
possibly keep its nuclear generators operating without fuel. It can't,
of course, but only one man suspected that Endicott might refuse to be
dwarfed by Wendel in a sharp-practice duel and fight to stay big and
powerful by letting the Colonists buy and sell fuel on speculation.
That would put the Colonists right in the middle, don't you see?"
"Yes ... I do," the woman who had once been almost beautiful said.
"Thank you for giving me credit for having that much intelligence. You
seem to forget that I have a fairly good memory too. We've gone over
this a hundred times."
"Sure we have. But it doesn't seem to have made too deep an impression
on you. You can sum it all up by saying that _on paper_, from day to
day, it's the Colonists who now own the Endicott Combine, or most
of it. So it's the Colonists who are carrying the battle directly
to Wendel, fighting for the right to go on wildcatting, to get rich
overnight or end up pauperized. It's wildcatting in a sense, just as
it was when oil instead of atomic fuel was the big prize to be fought
over Earthside. When a Colonist buys Endicott fuel cylinders on margin,
it's practically the same as if he were digging an oil well in his own
backyard."
"Go on, John," the woman said wearily.
"There's that much uncertainty in it, don't you see? And he's really
doing it entirely single-handed and on his own, because he's digging in
what is practically a paper graveyard in some respects, unless he's one
of the lucky ones. Endicott keeps the fuel. It doesn't go out of their
hands. But Wendel still has to buy it directly from the Colonists, who
are supposed to own it, and the price fluctuations keep Wendel from
becoming all-powerful and Endicott from going under or being dwarfed.
Public-domain text, read in full here on John Shaqi.
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