Love stories; Success -- Fiction; United States -- Social life and customs -- Fiction; Youth -- Fiction
"Yes, but if they weren't Eastern fellows--"
"Oh, a bondholder's rights are as good one place as another. Those
suits are usually brought in the name of the trustee in their behalf."
"Now, do you know what I'm going to do?" demanded Porter, settling back
in his chair and placing his feet on Fenton's table. "I'm going to turn
up at the next annual meeting and clean this thing out. You don't think
it's any good; I've got faith in the company and in the town; I believe
it's going to be a good thing. This little gang here that's been running
it has got to go. I've dug up some stock here that everybody thought was
lost. At the last meeting only eight hundred out of five thousand shares
were voted."
Fenton frowned and continued to punish himself with the ruler.
"You beat me! You haven't the slightest idea who the other shareholders
are; the company is thoroughly rotten in all its past history, and here
you go plunging into it up to your eyes. And they say you're the most
conservative banker on the river."
"I guess you don't have to get me out of many scrapes," said Porter,
doggedly.
"When's the annual meeting?" asked Fenton, suddenly.
"It's day after to-morrow--a close call, but I'll make it all right."
Fenton threw down his ruler impatiently.
"Mr. Porter, I want you to remember that I haven't given you any advice
at all in this matter. It's an extra hazardous thing that you're doing.
Now, I don't know anything definitely about it, but--I've got the
impression that Margrave's paralleling your lines in this business."
Porter brought his feet down with a crash.
"Where'd you get that?"
"It's this way," said Fenton, in his quietest tones. "A Baltimore lawyer
that I know wrote me a letter,--I just got it this morning,--asking me
about Margrave's responsibility. It seems that my friend has a client
who owns some of these shares. A good deal of that stock went to
Baltimore and Philadelphia, you may remember. I assume that Margrave is
after it."
"Wire your friend right away not to sell,--" shouted Porter, pounding
the table with his fist.
"I did that this morning, and here's his answer. I got it just before
you came in. Margrave evidently got anxious and wired them to send
certificates with draft through the Drovers' National. They're probably
on the way now." He passed the telegram across to Porter, who put on his
glasses and read it.
"Now," continued Fenton, "I don't know just what this means, but it
looks to me as if Margrave was hot on the track of the trolley company
himself; and Tim Margrave isn't a particularly pleasant fellow to go
into business with, is he?"
"But the bondholders would still have their chance, wouldn't they, even
if he got a majority of the stock?"
"Well, you haven't any bonds, have you? First thing I know you'll be
telling me that you've got a few barrels of them," he added, jokingly.
He could not help laughing at Porter.
Public-domain text, read in full here on John Shaqi.
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