Kirtin, busy clearing the desk in his office and destroying the last
papers that would reveal any connection between Kirtin, Investments,
and the Long Investment Company, heard the news and shrugged his
shoulders. He had tried to save the fools, and if they refused to be
saved it was none of his affair. An hour later he and his suitcases
were in the stateroom of a liner.
At the Fair Grounds track in St. Louis, Big Jim Long set to work
hastily to stave off disaster and revive the investment company. He
had considered telegraphing the authorities to hold Kirtin, but had
rejected the plan as unbecoming one in his profession. Long’s plan
of procedure was simple and direct. He would fix a race, pay the
horse owners well, and win enough money to declare another dividend,
restoring the faith of the investors, who already had begun to show
signs of uneasiness as rumors spread. It was not a problem of morals
but of mathematics.
The chief obstacle to his plan was lack of time, and he knew he must
act rapidly. Already the rumors that the Long Investment Company was
in trouble had spread through the uneasy ranks of the gamblers, and
Long knew the first one who informed a district attorney of the affairs
of the company would bring the avalanche. By rapid work he completed
his preliminary plans during the races that afternoon. An overnight
handicap was carded for the next day’s races, and Long selected eight
owners whose morals he knew were below the par even of racing and each
agreed to enter a horse in the race. The chief problem was to prevent
other owners from naming their horses to start, and to avoid this one
owner agreed to enter Attorney Jackson, a high-class racer, to frighten
owners of slower horses out.
That evening a caucus was held. Besides Long, eight owners were
present. It was agreed that with Attorney Jackson the favorite, the
odds against Mildred Rogers would be at least fifteen to one, therefore
by simple arithmetic Mildred Rogers should win, because fifteen times
one is fifteen, whereas two times one is two. Long intended to bet the
remnants of the capital of the investment company, and, figuring the
price would recede from fifteen or twenty to one to ten to one before
the money was placed, he estimated that he would win close to five
million dollars. Not a cent was to be wagered at the track.
The caucus, after nominating Mildred Rogers to win, decided that
Attorney Jackson was to make the early running, cutting out a terrific
pace to the head of the stretch, while Betty M. and Pretty Dehon were
to come up fast, crowd the leader far outside on the turn, allowing
Mildred Rogers to come through along the rail, after which the entire
field was to bunch behind her and shoo her home a winner, while
Attorney Jackson pulled up as if lame.
Public-domain text, read in full here on John Shaqi.
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