Capitalists and financiers -- Fiction; Criminals -- Fiction; Wall Street (New York, N.Y.) -- Fiction
Of course other people who did not wish Welles well heard about it, and
the whisper ran about the Street, getting blacker and blacker as it
ran, until everybody knew something had happened--everybody except the
directors of the VanTwiller Trust Company. And when the transfer-books
closed for the annual meeting of the stockholders it was found that
Mr. Alfred Jerningham owned, by purchase or option, and had irrevocable
proxies on, a little more than twenty-eight thousand shares of the
stock. This, together with the twelve thousand shares owned jointly by
Patrick T. Behan and Oliver Judson, the street-railroad magnates, and
the blocks controlled by the Garvin brothers, Tammany contractors, and
Mayer & Shanberg, F. R. Chisolm, John Matson & Company, and others of
the Behan-Judson clique, which once tried to secure control of the
company and were foiled by Ashton Welles, made a combination that was
bound to win at the annual election.
Jerningham ceased going to the VanTwiller Trust Company because Ashton
Welles had sailed for London on the receipt of a cablegram that read:
_Leaving for Continent. Mother and I cannot return before three months.
Will write soon._
_Anne_.
Instead of calling on his friend Stewardson, Jerningham preferred to
spend hours and hours conversing with Patrick T. Behan, “the most
dangerous man in Wall Street!”--and the slickest. But on the day before
the election Jerningham did call on Stewardson and offered to sell his
holdings of VanTwiller stock at six hundred dollars a share.
“Why, I thought you--” began the vice-president.
“I know you did. I wanted you to. But six hundred dollars is only
twenty-five dollars a share more than Behan, and Judson, and Garvin,
and the rest of those pirates have offered me. I've decided not to be a
stockholder of the trust company; so just get your friends together and
tell them if they want to retain the control they can give you a check
for me--six hundred dollars a share on twenty-eight thousand, one
hundred and twenty-three shares. Put it down--twenty-eight thousand, one
hundred and twenty-three shares. Good day!”
“Wait! I want to say--”
“Don't say it! Write it! I'm still at the Brabant,” said Jerningham,
coldly. “I advise you to get at Mr. Welles on the steamer by wireless.
Good day!”
“But, I--” shouted Stewardson.
Jerningham paid no attention to him and walked away.
Later in the day negotiations were resumed. In the end Jerningham
accepted a little less; but the deal yielded him a net profit of about
two million dollars. He insisted upon being paid in gold coin. This
convinced Stewardson and the other victims that Jerningham was out of
his mind; but there is no law that enables officers of a trust company
to imprison a gold maniac or to take away his gold, particularly when
his lawyers stand very high in the profession.
Public-domain text, read in full here on John Shaqi.
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