Scribner's Magazine, Volume 26, August 1899Various
General
Scribner's Magazine, Volume 26, August 1899
Various
American periodicals
The morrow came, and with it the meeting. The stockholders were not
present in large numbers, but enough were there to crowd uncomfortably
the directors' room where the meeting was held. O'Connor had not put
in an appearance, nor had we heard from him since his and his wife's
hurried departure of the day before. Our side was not a very hopeful
party. True, Emley had cabled his attorney to give Mr. Cutting a proxy,
and it was now safe in Mr. Cutting's possession, with the others he had
obtained. But we were sure of only twenty-two thousand out of a total
of fifty thousand shares, and to our knowledge (now, alas! at the last
moment) the other side had been working like beavers to obtain proxies.
Still, there was a chance for us. It is as misleading to count your
proxies before they are voted, as to count your chickens before they
are hatched. Some of the enemy's might be revoked at any moment, or be
superseded by others bearing later dates. At any rate, preparation was
passed. The fight was on.
Mr. Cutting was seated at the side of the room, surrounded by a little
group of his fellow-directors and friends. I was beside the president,
the necessary books and papers at my hand, ready to perform my duties
as secretary. It was a position I held through Mr. Cutting's kindness
and influence. At last the president called the meeting to order.
The reading of the minutes of the previous meeting was dispensed with,
for which I was grateful. Something in the air told me that the enemy
were eager for action. As many formalities as could be were omitted or
summarily disposed of. The instant the treasurer's report had been read
and accepted, Mr. Walker, the ex-president, was on his feet.
Then followed a very able, if wholly misleading, attack upon the policy
pursued by the board of directors during their term of office. Mr. Walker
was a man of force and a good speaker; and his remarks had their effect
upon not a few uncertain ones, if one could judge by the look of approval
apparent on the faces of many who were present. But as he neared the end,
either his personal enmity toward Mr. Cutting or the excitement due to the
occasion, got the better of his judgment. He closed by a personal attack
upon the counsel, whom he characterized as "the non-commissioned general
who had cunningly devised this whole campaign of extravagance, wickedly
designed to elate and bamboozle the smaller stockholders, who, when the
inevitable result of such reckless expenditure should come—namely, a
crash—would find themselves obliged to sell their little hard-earned
holdings." "To whom," Mr. Walker ended, "it is hardly necessary for me
to say."
From where I sat I commanded a view of the door that led directly into
the corridor of the building. Just as Mr. Walker's spleen was beginning
to take possession of him, I saw this door open and O'Connor enter. He
was accompanied by a short, stocky, red-haired young Irishman, whom I
recognized as his bartender, "Chimmie."
Public-domain text, read in full here on John Shaqi.
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