Antitrust law -- United States -- Fiction; Capitalists and financiers -- Fiction; Railroad stories
He could move through a crowd of clamorous reporters with the safety of
an iceberg.
“Ziz vay, all ze gentlemen, b-l-e-a-s-e,” said Mordecai, ignoring
Potter’s suggestion. He led them back to the president’s office; he
had remembered an unused, permanently bolted door that opened directly
from the president’s office upon the main corridor. His thought was
to go that way and circumvent the reporters. But they had sensed that
possibility. This point of exit also was besieged.
“A-h-h-h-ch!” he said again. “Zey are eferyvare. How iss id zey get
ze news?” Saying this he looked at each of his fellow directors
severely. Potter frowned, not for being looked at by Mordecai, but from
impatience.
“Id iss best zat ze presidend zhall brepare a brief vormal stadement,”
said Mordecai. “Ve can vait in ze Board Room. Zen he vill bring zem for
ze statement in here. Vhile he iss reading id to zem ve can ze ozer
vay ged out.”
“I can’t wait,” said Potter. He bolted into the reception room alone
and banged the door behind him. The reporters instantly surrounded him,
and we heard him say: “A statement is coming.”
The president turned to me and dictated as follows:
“Certain creditors of the Great Midwestern Railroad Company being about
to apply to the court for a receiver to be appointed, the question
to be decided at today’s meeting of the directors was whether to
borrow a sum of money on the company’s unsecured notes at a high rate
of interest and thus temporize with its difficulties or confess its
inability to meet its obligations and allow the property to be placed
in the hands of the court. After due consideration the directors
unanimously resolved to adopt the latter course in order that the
assets may be conserved for the benefit of all parties concerned.
(Signed.) John J. Valentine, president.”
Turning to the directors, who had been standing in a bored, formless
group, he asked: “Does that cover it?”
All of them gave assent save Mordecai. He was gazing at the ceiling,
his hands held out, pressing the tips of his fingers together.
“Id iss fery euvonious, Mr. Falentine,” he said. “Conzerved iss a fine
vord. A fery good vord. Id iss unvair to ze bankers, iss id not, to
zpeak of borrowing ad high rates of interest money? Iss id nod already
zat ze company hass borrowed more money vrom id’s bankers zan id can
pay?”
“Read it please,” said the president to me. I read it aloud.
“Strike out the phrase, ‘whether to borrow a sum of money on its
unsecured notes at a high rate of interest,’ and make it read, ‘the
question to be decided at today’s meeting of the directors was whether
to temporize with its difficulties, or,’--and so on.”
Mordecai, still gazing at the ceiling, nodded with satisfaction. Then
he returned to the plane below and led them back to the Board Room,
waiting himself until they were all through and closing the door
carefully.
Public-domain text, read in full here on John Shaqi.
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