The banker and the bear : $b The story of a corner in lardWebster, Henry Kitchell
General
The banker and the bear : $b The story of a corner in lard
Webster, Henry Kitchell
Bankers -- Fiction; Didactic fiction; Political fiction; Social problems -- Fiction
“Oh, I’ve got it with me. I didn’t want to waste any time,” and
Pickering took from his pocket warehouse receipts for the lard,
and made them over to Bagsbury and Company. Then he filled out the
blank-note form which John handed him.
John took the warehouse receipts and looked at them curiously. “That’s
an awful lot of lard. Here’s twelve million pounds right here.”
“I’ve got more than that,” said Pickering, as he signed the note, “and
I’ve been shipping it out of the city for two months.”
“I don’t see how the devil you’ve managed to do it so quietly. Of
course everybody’s wondered more or less about it, but nobody’s really
known a thing. You’ve covered your tracks mighty well.”
“That suggests something I want to speak about,” Pickering spoke
slowly. He seemed to be feeling for his words. “This will all come
out before so very long, I suppose; everybody’ll catch on to what’s
happening, and act accordingly; but I don’t want that to happen any
sooner than I can help. Of course, I can trust to your discretion, and
I wouldn’t speak of this if it weren’t that there are one or two of
your directors--one in particular--that I’d much rather didn’t know
anything about this loan.”
“I’ll not speak of it to anybody,” John said briefly. “Do you know our
cashier, Mr. Jackson? Come out here and I’ll introduce you to him;
he’ll attend to your deposit. I’ll leave you in his hands and ask you
to excuse me. I’ve an engagement.”
John’s engagement was not an important one--simply to lunch with
himself. What he ate was never a matter of interest to him, and this
noon they might have brought him anything, for his mind was absorbed in
lard.
The hog is an uninteresting beast. His way of life is monotonous
and restricted; he has but one ambition, which in nearly all cases
is satisfied. There is no individuality about him; no interesting
variation from the normal to attract our studious attention. But
when, by a swift and highly ingenious metamorphosis, he ceases to be
Hog, and becomes Provisions, he assumes a national importance; his
fluctuations become fascinating, romantic. Over him is fought many a
fierce battle; he builds fortunes for some men, and others are brought
to irretrievable ruin from yielding to his alluring seductions.
It was evident to John that Pickering was trying to run a corner in
lard; in other words, that he meant to buy all of that commodity that
could be delivered to him, and a great deal more; then, being in
command of the market, he would put up the price as high as he chose,
and make enough profit from the non-existent, and hence undeliverable,
surplus to more than defray the expense of disposing of the lard he
actually possessed, or as the vernacular inelegantly puts it, burying
the corpse.
Public-domain text, read in full here on John Shaqi.
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