Antitrust law -- United States -- Fiction; Capitalists and financiers -- Fiction; Railroad stories
Valentine was not crushed. He showed no sense of guilt. No one believed
him guilty in fact. What he represented, tragically and with great
dignity, was the crime of obsolence. A stronger man was putting him
aside in a new time. He started to speak, but Potter spoke instead.
“I move to strike all this stuff off the record,” he said, “and let
matters rest as they are.” He pushed back his chair. Everyone but
Valentine arose. There was no vote. Officially nothing had been
transacted. The president was left sitting there alone, with his
resolutions in front of him.
All that Galt said was true. It was probably not the whole truth. His
transaction with Gates seemed on the face of it too strange to be so
briefly and plausibly explained. One fact at least he left out, which
was that Gates hated Valentine with a fixation peculiar to cryptic old
age. Nobody knew quite why. He was possibly more interested in revenge
upon Valentine than in the future of the Great Midwestern. It may be
surmised also that he had some intuition of Galt’s latent power, just
as Mordecai had, and placed a bet on him at long, safe odds. It was
Galt who took the risk. And as for the Orient & Pacific deal, that
did not require to be defended on its merits, for there was already a
profit in it for the company.
After this Valentine should have resigned. Instead he carried the
fight outside, over all persuasion. It became a nasty row. He publicly
attacked the company’s purchase of the Orient & Pacific, denounced
Galt personally, and solicited the stockholders for proxies to be
voted at the annual meeting for directors who would support him. His
acquaintance with the financial editors, several of whom were his warm
friends, gave him an apparent advantage. All the newspapers were on his
side.
But nobody then knew how Galt loved a fight. He poured his essence
into it and attained to a kind of lustful ecstacy. His methods were
both direct and devious. To win by a safe margin did not satisfy him.
It must be a smashing defeat for his opponent. He, too, appealed to
the stockholders. Valentine in one way had played into his hands. His
complaint was that Galt had seized the management. Well, if that were
true, nobody but Galt could claim credit for the results, and they were
beginning to be marvelous. Great Midwestern’s earnings were improving
so fast that Galt’s enemies must resort to malicious innuendo. They
said he was a wizard with figures, which was true enough, and that
possibly the earnings were fictitious, which was not the case at all.
Public-domain text, read in full here on John Shaqi.
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