Antitrust law -- United States -- Fiction; Capitalists and financiers -- Fiction; Railroad stories
That old Orient & Pacific sore had never healed. The bankers who
controlled the road by sacred right for many years before Galt
snatched it out of their hands had all this time ominously retained
a minority interest in the property. Galt did intend from the
beginning to make the Orient & Pacific wholly subordinate to the Great
Midwestern. It was an essential part of his plan. Therefore minority
stockholders, in good faith, would have had a proper grievance. But
these were not minority stockholders in good faith. They were private
bankers, biding their time to take revenge. Galt had been willing at
any time to buy them out handsomely; they wouldn’t sell because the
minority interest was a weapon which some day they would be able to use
against him.
Although the name never appeared in the proceedings, dummies having
been put forward to act as complainants in the case, everybody knew
that Bullguard & Co. inspired the suit. They were the bankers who owned
the minority interest in Orient & Pacific shares. Everybody knew,
too, that they bore Galt an implacable enmity. What nobody knew until
afterward was that the conspiracy to destroy Galt was organized by
Jerome Bullguard himself.
He was a man of tremendous character. His authority in Wall Street
was pontifical. Men accepted it as a natural fact. Until the rise
of Mordecai & Co., under Galt’s ægis, his house occupied a place of
solitary eminence. Its traditions were fixed. Their consequences were
astronomical. Bullguard was the house. His partners were insignificant,
not actually if you took them as individuals, but relatively,
in contrast with him. His imperious will he imposed upon men and
events,--upon men by force of a personality that inspired dread and
obedience, and upon events by the dynamic quality of his intelligence.
His mind seemed to act in an omnipotent manner with no effort whatever.
His sanctions and influence pervaded the whole scheme of things, yet
he himself was as remote as a Japanese emperor. A good deal of the awe
that surrounded him was owing to the fact that he worked invisibly. The
hand that shaped the thunderbolts was almost never seen. There was a
saying in Wall Street that his name appeared nowhere but over the door
of his banking house. In a community where men must be lynx-eyed and
seven-sensed, able to see the unseeable and deduce the unknowable, his
objects were so elaborately concealed that nobody ever knew for sure
what he was doing until it was done, and then it couldn’t be proved,
for he would have had perhaps no actual contact with it at any point.
There were times when he held the stock market in his two hands, doing
with it as he pleased, yet never could anyone say, “He is here,” or
“There he is.”
Public-domain text, read in full here on John Shaqi.
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