"As long as Robert Gorham remains its president and as long as those men
whose names you have seen there remain its directors. This is my pledge.
When the Consolidated Companies, intrusted with the power, credit, and
resources of the many corporations which are and will be included in
it, but which are not agencies of its own creation and do not belong to
it, begins to take advantage of these for personal profit beyond
legitimate return upon investment and fair compensation for services
rendered, it will be guilty of a gross betrayal of trust. When it issues
securities in excess of the requirements of its business and manipulates
them for its own profit; when it makes use of its power, its funds, or
its credit in enterprises which are not for the equal benefit of all who
have contributed to its capital or in the interest of the public, which
gives it its power; when it employs its profits so as to affect the
market value of securities and then speculates in these for its own
advantage,--then it will be flagrantly abusing a power which has been
given to it in trust, and its unique position in the business world will
be destroyed."
There was another long silence, which this time was not broken until the
Senator was quite ready to speak. When the moment came the question was
asked abruptly:
"How much can you consistently tell me of any of the corporation's
transactions? I know of them, of course, by hearsay, but I should be
glad to receive more intimate information."
"Nothing, without assurances of your serious interest, provided I can
demonstrate to your satisfaction the strength of the facts I have
mentioned; everything when you care to give me these assurances."
The Senator winced. He had expected to meet a man with whose type he was
perfectly familiar, to explain to him that the private affairs of the
Hon. James Kenmore, business or otherwise, were always kept entirely
distinct from his political life, and to dismiss him with merely the
courtesy demanded by the unusually strong letters which had introduced
him. But Robert Gorham did not belong to the expected type. There were
no earmarks of the promoter about him, in spite of the fact that the
enterprise of which he stood as the head and front was in reality the
most gigantic piece of promotion engineering the world had seen. On the
contrary, Gorham was the refined man of affairs, confident in himself
and in the certainty of his strength. And as for dismissal, the Senator
realized that his caller had already made himself the dominant power.
"You wish me to subscribe for stock in this corporation to the extent of
a hundred thousand dollars?"
"I am empowered by our directors to offer you the opportunity to
subscribe for that amount."
The Senator passed over the obvious correction.
"Why am I selected by your directors rather than others of my colleagues
whose names I do not observe upon that list?"
Public-domain text, read in full here on John Shaqi.
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