Capitalists and financiers -- Fiction; Psychological fiction
In this connection, there was another line, which he rode on
occasionally, the Seventeenth and Nineteenth Street line, which he felt
was a much more interesting thing for him to think about, if he could
raise the money. It had been originally capitalized for five hundred
thousand dollars; but there had been a series of bonds to the value of
two hundred and fifty thousand dollars added for improvements, and the
company was finding great difficulty in meeting the interest. The bulk
of the stock was scattered about among small investors, and it would
require all of two hundred and fifty thousand dollars to collect it and
have himself elected president or chairman of the board of directors.
Once in, however, he could vote this stock as he pleased, hypothecating
it meanwhile at his father’s bank for as much as he could get, and
issuing more stocks with which to bribe legislators in the matter of
extending the line, and in taking up other opportunities to either add
to it by purchase or supplement it by working agreements. The word
“bribe” is used here in this matter-of-fact American way, because
bribery was what was in every one’s mind in connection with the State
legislature. Terrence Relihan—the small, dark-faced Irishman, a dandy
in dress and manners—who represented the financial interests at
Harrisburg, and who had come to Cowperwood after the five million bond
deal had been printed, had told him that nothing could be done at the
capital without money, or its equivalent, negotiable securities. Each
significant legislator, if he yielded his vote or his influence, must
be looked after. If he, Cowperwood, had any scheme which he wanted
handled at any time, Relihan had intimated to him that he would be glad
to talk with him. Cowperwood had figured on this Seventeenth and
Nineteenth Street line scheme more than once, but he had never felt
quite sure that he was willing to undertake it. His obligations in
other directions were so large. But the lure was there, and he pondered
and pondered.
Public-domain text, read in full here on John Shaqi.
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