Capitalists and financiers -- Fiction; Chicago (Ill.) -- Fiction; Meat industry and trade -- Fiction; Political fiction
And it might cost me the work of my life. Latterly, with the revival of
trade, my enterprises had been prospering, and were emerging from that
doubtful state where they were blown upon by every wind of the market.
For the American Meat Products Company had kept its promise and was
earning dividends. It had paid, in the past year, six per cent on the
preferred stock, and, what with the big contracts we were getting from
the Government just now, it would earn something on the common. So far
very little of our stock had come upon the market, although the period
covered by the agreement among the stockholders not to sell their
holdings had passed. In spite of Mr. Dround's threats, there was no
evidence that he had disposed of his stock up to this time. It was
probable that when he saw what a good earner the company had proved to
be, he had reconsidered his scruples, as he had done years before in the
matter of private agreements and rebates.
And that rag of a railroad out of Kansas City, which Farson and his
friends found left on their hands in the panic times of '93, now reached
all the way to the Gulf and was spreading fast into a respectable
system. After Farson had withdrawn his help at the time of our
disagreement, we had interested a firm of bankers in New York, and, one
way and another, had built and equipped the road. A few years of good
times, and all this network of enterprises would be beyond attack.
Meanwhile, I was loaded down to the water's edge with the securities of
these new companies, and had borrowed heavily at home and in the East in
the effort to push through my plans.
This was my situation on that eventful day when the news of the sinking
of the _Maine_ was telegraphed over the country, and even gilt-edged
securities began to tumble, to slide downhill in a mad whirl. In such
times collateral shrank like snow before a south wind.
All the morning I had sat in my office with a telephone at my ear, and
it seemed to me that but one word came from it--Collateral! collateral!
Where was it to be had? Finally, I hung up the receiver of my telephone
and leaned back in my chair, dazed by the mad whirl along which I was
being carried. My secretary opened the door and asked if I would see
So-and-so and the next man. A broker was clamoring to get at me. They
all wanted one thing--money. Their demands came home to me faintly, like
the noise of rain on a window.
"Jim," I said to the man, "I am tired. I am going home."
"Going home?" he gasped, not believing his ears.
"Tell 'em all I am going home! Tell 'em anything you want to."
While the young man was still staring at me, Slocum burst past him into
the room. Even his impassive face was twisted into a scowl of fear.
"Harris is out there," he said hurriedly. "He says some one is selling
Meat Products common and preferred. Big chunks of it are coming on the
market, and the price has dropped fifteen points during the morning."
Public-domain text, read in full here on John Shaqi.
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