“No step in the formation of the Great Midwestern Railway System was taken without the approval of eminent counsel. If, as it stands, it is repugnant to the law, as the law shall be construed, then of course it will have to be dissolved. If that comes to pass all those securities in the Great Midwestern’s treasury, representing ownership and control of other properties, will have to be distributed pro rata among Great Midwestern stockholders--either the securities as such or the proceeds of their sale. In either case the profit will amount to a dividend of not less than $150 a share for Great Midwestern stockholders. That is the extent to which these securities have increased in value since the Great Midwestern bought them. “(Signed) Henry M. Galt.” All of that was obvious, only nobody had thought of it. The statement was received with utter amazement. On the strength of it Great Midwestern stock advanced suddenly ten points. Now occurred the strangest incident of the chapter. To imagine it you have to remember that public feeling was extremely inflamed. That afternoon a New York Grand Jury indicted Galt under an old forgotten statute making it a crime to circulate false statements calculated to advance or depress the price of shares on the Stock Exchange. A huge broad-toe came to our office with the warrant. Galt was under arrest. His lawyers were summoned. They communicated with the District Attorney. Couldn’t they appear for Mr. Galt and arrange bail? No. The District Attorney believed in social equality. Mr. Galt would have to appear like any other criminal. Though it was a very hot afternoon and Galt was tired he insisted that we should walk. “Do you want to handcuff me?” he asked. Broad-toe was ashamed and silent. So we went, Galt and the officer leading,--past the house of Bullguard & Co., up Nassau Street, dodging trucks, bumping people, sometimes in the traffic way, sometimes on the pavement; to the Criminal Courts Building in City Hall Park, up a winding stairway because Galt would not wait for the elevator, and to the court room where the District Attorney was waiting. There was some delay. The judge could not be found at once. Galt sat on the extreme edge of a chair, one hand in his trouser’s pocket, the other fiddling with his watch chain, staring at the clock over the judge’s bench as if he had never seen one before. The searing emotions of chagrin and humiliation had not come through. Word of our presence there spread swiftly and the court room began to fill up with reporters and spectators. The court arrived, adjusting its gown, read the paper that was handed up by the District Attorney, then looked down upon us, asking: “Where is the defendant?”