"The first is, I want you to lend me four millions, or, rather,
negotiate the loan for me, as if it were for yourself. I've got about
that amount in Governments, in several good railways and in the
property here. The place at Saint X is Pauline's, but the things I can
put up would bring four millions and a half at least at forced sale.
So, you'll be well secured. I'm asking you to do it instead of doing
it myself because, if I'm to win out, the Herron crowd must think I'm
done for and nearly dead."
Langdon was silent several minutes. At last he said: "What's your
plan?"
Dumont looked irritated--he did not like to be questioned, to take any
one into his confidence. But he restrained his temper and said: "I'm
going to make a counter-raid. I know where to strike."
"Are you sure?"
Dumont frowned. "Don't disturb yourself," he said coldly. "I can
arrange the loan in another way."
"I'm asking you only for your own sake, Jack," Langdon hastily
interposed. "Of course you can have the money, and I don't want your
security."
"Then I'll not borrow through you." Dumont never would accept a favor
from any one. He regarded favors as profitable investments but ruinous
debts.
"Oh--very well--I'll take the security," said Langdon. "When do you
want the money?"
"It must be covered into my account at the Inter-State
National--remember, NOT the National Industrial, but the Inter-State
National. A million must be deposited to-day--the rest by ten o'clock
to-morrow at the latest."
"I'll attend to it. What's your other request?"
"Woolens'll take another big drop on Monday and at least two hundred
and fifty thousand shares'll be thrown on the market at perhaps an
average price of eighteen--less rather than more. I want you quietly
to organize a syndicate to buy what's offered. They must agree to sell
it to me for, say, two points advance on what they pay for it. I'll
put up--in your name--a million dollars in cash and forfeit it if I
don't take the stock off their hands. As Woolens is worth easily
double what it now stands at, they can't lose. Of course the whole
thing must be kept secret."
Langdon deliberated this proposal. Finally he said: "I think
brother-in-law Barrow and his partner and I can manage it."
"You can assure them they'll make from six hundred thousand to a
million on a less than thirty days' investment of four millions and a
half, with no risk whatever."
"Just about that," assented Langdon--he had been carefully brought up
by his father to take care of a fortune and was cleverer at figures
than he pretended.
"Do your buying through Tavistock," continued Dumont. "Give him orders
to take on Monday all offerings of National Woolens, preferred and
common, at eighteen or less. He'll understand what to do."
"But I may be unable to get up the syndicate on such short notice."
Public-domain text, read in full here on John Shaqi.
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