British Columbia -- Fiction; Families -- Fiction; Lumber trade -- Fiction
"By the Lord," he cried in a passion, and his fist struck the table
with a thud, "you shan't sink me like that. I tell you this thing
can be pulled through. You've all made a fat thing out of it.
You've got to back me up now. No use saying you can't. I know what
your cash balances are in bank--every one of you. I know what
Victory bonds you hold. This slump won't last. You've got to come
through."
"Be sensible, Norquay," Arthur Deane put in. "No use throwing good
money after bad. The war's over. The reaction's set in. The day of
the quick turn and the long profit is past. It is unfortunate--but
other concerns have gone bankrupt. It is not exceptional."
Burrows, the short, stout man at the lower end of the table, grunted
audibly.
"I make a motion," he said, "that our solicitors be authorized to
appear in court and ask for a winding-up order."
"Second the motion," Richston snapped.
"You shan't," Grove declared hoarsely. Tiny sweat-beads began to
stand out on his forehead. "What's got into the lot of you? You're
running to cover like a lot of whipped dogs. All the thing needs is
fifty or sixty thousand from each of us to carry on until the assets
that we hold recover value. What if the war is over? Timber and
mining and pulp and transportation go on. This isn't a corner
grocery to be closed up as soon as business slacks off."
"You are wrong," Richston informed him. "This business does not
differ essentially from the corner grocery--except in scope. It was
undertaken to make money. It no longer does so. Considering the
state its affairs have arrived it, it can never be made to do so.
Therefore let it be wound up--at once. We waste time in useless
talk. Let us agree on the motion, and act."
"Oh, yes, you're willing," Grove flung at him. "You've had a good
many slices out of the melon. What about our trust accounts? What
about our depositors?"
"Circumstances are too strong for us," Richston replied
imperturbably. "We can see now that accepting deposits was a
mistake. We should never have undertaken private banking. It's
unfortunate, I'll admit. I suppose there'll be a noise in the papers
and all that sort of thing. But it isn't criminal to fail in
business. Be sensible, Norquay. Step out of it as gracefully as
possible. You're not faced with ruin. No more are we. It would be
folly for us to get more deeply involved than we already are. Let it
go. What's the Limited Liability Act for?"
Sagacious nods animated the several heads. Grove towered above them
impotent, his face red with anger, shadowed by a trace of fear, his
look indicating momentary bewilderment at attack from an unexpected
quarter. There lifted a low confusion of voices. Several speaking
at once. Querulous complaining. Rumbles of mismanagement, muttered
disclaimers of responsibility.
Public-domain text, read in full here on John Shaqi.
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