Harassed by reporters, driven on by the need for a show of action, he
set out to raise the money, but the support he had hoped for failed him
when it transpired that his bank's assets consisted mainly of real
estate at boom prices and stock in his various companies which had been
inflated to the bursting-point. Days passed, a week or more; then he
was compelled to relinquish his option on the steamship line he had
partly purchased, and to sacrifice all that had been paid in on the
enterprise. This, too, made a big story for the newspapers, for it
punctured one of the most imposing corporations in the famous "Gordon
System." It likewise threatened to involve the others in the general
crash. Hope Consolidated, indeed, still remained, and Gordon's
declaration that the value of its shares was more than sufficient to
protect his bank met with some credence until, swift upon the heels of
the other disasters, came an application for a receiver by the
stock-holders, coupled with the promise of a rigorous investigation
into his various financial manipulations. Then at last Gordon
acknowledged defeat.
Ruin had come swiftly; the diversity of his interests made his
situation the more hopeless, for so cunningly had he interlocked one
with another that to separate them promised to be an endless task.
He still kept up a fairly successful pretense of confidence, and
publicly he promised to bring order out of chaos, but in secret he gave
way to the blackest despair. Heretofore, failure had never affected him
deeply, for he had always managed to escape with advantage to his
pocket and without serious damage to his prestige, but out of the
present difficulty he could find no way. His office force stopped work,
frightened at his bearing; the bellboys of his hotel brought to the
desk tales of such maniacal violence that he was requested to move.
At last the citizens of Cortez, who up to this time had been like putty
in his fingers, realized their betrayal and turned against him.
Creditors attached the railway property, certain violent-tempered men
prayed openly and earnestly to their gods for his return to Alaska in
order that they might exact satisfaction in frontier fashion. Eastern
investors in Hope Consolidated appeared in Seattle: there was talk of
criminal procedure.
Bewildered as he was, half crazed with anxiety, Gordon knew that the
avalanche had not only wrecked his fortunes, but was bearing him
swiftly toward the penitentiary. Its gates yawned to welcome him, and
he felt a chilling terror such as he had never known.
Public-domain text, read in full here on John Shaqi.
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