"Do you object to talking things over with me a little?" Harris asked.
"There may be some points that I know more about than Mr. Gorham."
Covington nodded acquiescence, though somewhat in the dark as to the
object his visitor had in mind.
"In the first place," Harris began, adjusting himself in his chair, "let
me say that I am a director in the New York Street Railways Company,
which is the largest of the present organizations which are eventually
to be consolidated into the Manhattan Traction Company. The franchise,
as you doubtless know, has already been put through the Board of
Aldermen, and the only question now remaining is whether it is to be
turned over to certain gentlemen in New York who originally planned to
complete the deal, or to the Consolidated Companies."
"Mr. Gorham has, I believe, advanced to those interested very logical
arguments to show that the Consolidated Companies could engineer the
amalgamation to the distinct advantage of the various roads," Covington
suggested, as his visitor paused for a moment.
"He has," Harris admitted. "There is no doubt in anybody's mind that
what he says is right; the roads and the stockholders would be
distinctly benefited--but how about the directors? That is the question
I came here to have answered."
"It is a question which Mr. Gorham must answer."
Harris subjected him to another careful scrutiny. "Perhaps so," he said,
at length, "but I should like to get your opinion on the matter. You are
one of the directors, I understand."
"I had an idea that Mr. Gorham had already answered that question to
Mr. Brady, and that there was enough in the deal to satisfy every one."
"There is enough for every one," assented Harris, with decision; "the
only question is how it is to be divided. We all supposed that we were
to become stockholders in the Consolidated Companies, in which case we
should have gained something at both ends; but Gorham evidently changed
his mind about that, which leaves us nothing but the original rake-off."
There was something in Harris's manner which annoyed Covington, yet he
did not suggest cutting short the interview.
"Who are the parties involved?" he asked, more to say something than
because of any real interest.
"Well"--Harris became reflective--"there's Collins, who put the deal
through the Aldermen; he can't expect any more than we've already agreed
to give him. It cost him a pretty penny, but he'll double his
investment--we can leave him out. Then there's Brady at Tammany Hall;
nothing can be done without him. Gorham's idea seems to be to pay him
his price on this job, take a receipt, and cut loose from him; but if
Brady was a stockholder in the Consolidated Companies he would prove a
mighty useful one. Then there are two other directors in the New York
Street Railways Company who feel as I do--that we ought to see something
more coming to us out of this deal than just the profit on our stock."
Public-domain text, read in full here on John Shaqi.
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