Sevenoaks: A Story of TodayHolland, J. G. (Josiah Gilbert)
General
Sevenoaks: A Story of Today
Holland, J. G. (Josiah Gilbert)
Didactic fiction; Political fiction; Social problems -- Fiction
He was secure for some months in his seat as President of the Crooked
Valley Railroad, and calculated, of course, on buying back his stock in
his own time, at his own price. In the meantime, he would use his
position for carrying on his private schemes.
The time came at last when he wanted more ready money. A grand
combination had been made, among his own unprincipled set, for working
up a "corner" in the Muscogee Air Line, and he had been invited into it.
He was flattered by the invitation, and saw in it a chance for redeeming
his position, though, at bottom, the scheme was one for working up a
corner in Robert Belcher.
Under the plea that he expected, at no distant day, to go to Europe, for
rest and amusement, he mortgaged his house, in order, as he declared,
that he might handle it the more easily in the market. But Wall street
knew the fact at once, and made its comments. Much to the proprietor's
disgust, it was deemed of sufficient importance to find mention in the
daily press.
But even the sum raised upon his house, united with that which he had
received from unloading his Crooked Valley stock, was not sufficient to
give him the preponderance in the grand combination which he desired.
He still held a considerable sum in Crooked Valley bonds, for these were
valuable. He had already used these as collaterals, in the borrowing of
small sums at short time, to meet emergencies in his operations. It was
known by money-lenders that he held them. Now the General was the
manufacturer of these bonds. The books of the corporation were under his
control, and he intended that they should remain so. It was very easy
for him to make an over-issue, and hard for him to be detected in his
fraud, by any one who would be dangerous to him. The temptation to make
this issue was one which better men than he had yielded to in a weak
moment, and, to the little conscience which he possessed, the requisite
excuses were ready. He did not intend that any one should lose money by
these bonds. He only proposed a temporary relief to himself. So he
manufactured the bonds, and raised the money he wanted.
Meantime, the members of the very combination in which he had engaged,
having learned of his rascally operation with the stock, were secretly
buying it back from the dupes along the road, at their own figures, with
the purpose of ousting him from the management, and taking the road to
themselves. Of this movement he did not learn, until it was too late to
be of use to him.
Public-domain text, read in full here on John Shaqi.
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