Love stories; New York (N.Y.) -- Fiction; Speculation -- Fiction; Wall Street (New York, N.Y.) -- Fiction
Roebuck was the keystone of the arch that sustained the structure of
chicane. To dislodge him was the direct way to collapse it. I was about to
set to work when Langdon, feeling that he ought to have a large supply of
cash in the troublous times I was creating, increased the capital stock
of his already enormously overcapitalized Textile Trust and offered the
new issue to the public. As the Textile Trust was even better bulwarked,
politically, than the Power Trust, it was easily able to declare tempting
dividends out of its lootings. So the new stock could not be attacked in
the one way that would make the public instantly shun it--I could not
truthfully charge that it would not pay the promised dividends. Yet attack
I must--for that issue was, in effect, a bold challenge of my charges
against “The Seven.” From all parts of the country inquiries poured in upon
me: “What do you think of the new Textile issue? Shall we invest? Is the
Textile Company sound?”
I had no choice. I must turn aside from Roebuck; I must first show that,
while Textile was, in a sense, sound just at that time, it had been
unsound, and would be unsound again as soon as Langdon had gathered in
a sufficient number of lambs to make a battue worth the while of a man
dealing in nothing less than seven figures. I proceeded to do so.
The market yielded slowly. Under my first day's attack Textile preferred
fell six points, Textile common three. While I was in the midst of
dictating my letter for the second day's attack, I suddenly came to a full
stop. I found across my way this thought: “Isn't it strange that Langdon,
after humbling himself to you, should make this bold challenge? It's a
trap!”
“No more at present,” said I, to my stenographer. “And don't write out what
I've already dictated.”
I shut myself in and busied myself at the telephone. Half an hour after I
set my secret machinery in motion, a messenger brought me an envelop, the
address type-written. It contained a sheet of paper on which appeared, in
type-writing; these words, and nothing more:
“He is heavily short of Textiles.”
It was indeed a trap. The new issue was a blind. He had challenged me to
attack his stock, and as soon as I did, he had begun secretly to sell it
for a fall. I worked at this new situation until midnight, trying to get
together the proofs. At that hour--for I could delay no longer, and my
proofs were not quite complete--I sent my newspapers two sentences:
“To-morrow I shall make a disclosure that will
send Textiles up. Do not sell Textiles!”
Public-domain text, read in full here on John Shaqi.
Reviews
Reviews
No reviews yet
Be the first to share your thoughts on this work.
Elsewhere in the archive
Join the Discussion
Join the discussion
Sign in to leave a comment or review.
Sign InorCreate an account