Love stories; New York (N.Y.) -- Fiction; Speculation -- Fiction; Wall Street (New York, N.Y.) -- Fiction
XXXIII. MRS. LANGDON MAKES A CALL.
Next day Langdon's stocks wavered, going up a little, going down a little,
closing at practically the same figures at which they had opened. Then I
sprang my sensation--that Langdon and his particular clique, though they
controlled the Textile Trust, did not own so much as one-fiftieth of its
voting stock. True “captains of industry” that they were, they made their
profits not out of dividends, but out of side schemes that absorbed about
two-thirds of the earnings of the Trust, and out of gambling in its bonds
and stocks. I said in conclusion:
“The largest owner of the stock is Walter G. Edmunds, of Chicago--an honest
man. Send your voting proxies to him, and he can take the Textile Company
away from those now plundering it.”
As the annual election of the Trust was only six weeks away, Langdon
and his clique were in a panic. They rushed into the market and bought
frantically, the public bidding against them. Langdon himself went to
Chicago to reason with Edmunds--that is, to try to find out at what figure
he could be bought. And so on, day after day, I faithfully reporting to
the public the main occurrences behind the scenes. The Langdon attempt to
regain control by purchases of stock failed. He and his allies made what
must have been to them appalling sacrifices; but even at the high prices
they offered, comparatively little of the stock appeared.
“I've caught them,” said I to Joe--the first time, and the last, during
that campaign that I indulged in a boast.
“If Edmunds sticks to you,” replied cautious Joe.
But Edmunds did not. I do not know at what price he sold himself. Probably
it was pitifully small; cupidity usually snatches the instant bait tickles
its nose. But I do know that my faith in human nature got its severest
shock.
“You are down this morning,” said Thornley, when I looked in on him at his
bank. “I don't think I ever before saw you show that you were in low
spirits.”
“I've found out a man with whom I'd have trusted my life,” said I.
“Sometimes I think all men are dishonest. I've tried to be an optimist like
you, and have told myself that most men must be honest or ninety-five per
cent. of the business couldn't be done on credit as it is.”
Thornley smiled, like an old man at the enthusiasm of a youngster. “That
proves nothing as to honesty,” said he. “It simply shows that men can
be counted on to do what it is to their plain interest to do. The truth
is--and a fine truth, too--most men wish and try to be honest. Give 'em a
chance to resist their own weaknesses. Don't trust them. Trust--that's the
making of false friends and the filling of jails.”
“And palaces,” I added.
“And palaces,” assented he. “Every vast fortune is a monument to the
credulity of man. Instead of getting after these heavy-laden rascals,
Matthew, you'd better have turned your attention to the public that has
made rascals of them by leaving its property unguarded.”
Public-domain text, read in full here on John Shaqi.
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