The MalefactorOppenheim, E. Phillips (Edward Phillips)
General
The Malefactor
Oppenheim, E. Phillips (Edward Phillips)
Detective and mystery stories; Fiction
At a few minutes after that hour the two men sat down to luncheon.
Wingrave at that time was the possessor of six thousand shares in the
Royal Hardwell Copper Mine, which had cost him, on an average, two
dollars twenty-five. The news of the dealing, however, had got about,
and although derision was the chief sentiment amongst the brokers, the
price steadily mounted. A dozen telegrams were sent out to the mine, and
on receipt of the replies, the dealing became the joke of the day. The
mine was still deserted, and no fresh inspection had been made.
The price dropped a little. Then Wingrave bought a thousand more by
telephone, and it rose again to four. A few minutes before closing time,
he threw every share of which he was possessed upon the market, and the
next morning Royal Hardwells stood at one dollar seventy-five.
For a week Wingrave pursued the same tactics, and at the end of that
time he had made twenty thousand dollars. The brokers, however, now
understood, or thought they understood, the situation. No one bought for
the rise; they were all sellers. Wingrave at once changed his tactics.
He bought five thousand shares in one block, and sold none. Even then,
the market was only mildly amused. In a fortnight he was the nominal
owner of sixteen thousand shares in a company of which only ten thousand
actually existed. Then he sat still, and the panic began. The shares
in a company which everyone believed to be worthless stood at thirty
dollars, and not a share was offered.
A small pandemonium reigned in Wingrave’s sitting room. The telephone
rang all the time; the place was besieged with brokers. Then Wingrave
showed his hand. He had bought these shares to hold; he did not intend
to sell one. As to the six thousand owed to him beyond the number
issued, he was prepared to consider offers. One broker left him a check
for twenty thousand dollars, another for nearly forty thousand. Wingrave
had no pity. He had gambled and won. He would accept nothing less
than par price. The air in his sitting room grew thick with curses and
tobacco smoke.
Aynesworth began by hating the whole business, but insensibly the
fascination of it crept over him. He grew used to hearing the various
forms of protest, of argument and abuse, which one and all left Wingrave
so unmoved. Sphinx-like he lounged in his chair, and listened to all.
He never condescended to justify his position, he never met argument
by argument. He had the air of being thoroughly bored by the whole
proceedings. But he exacted always his pound of flesh.
Public-domain text, read in full here on John Shaqi.
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