Capitalists and financiers -- Fiction; Criminals -- Fiction; Wall Street (New York, N.Y.) -- Fiction
The price of Con. Steel declined faster and faster as the volume
of selling-orders grew larger. It was the snowball rolling down the
hillside. From sixty-eight it went to sixty-seven; to sixty-six; to
sixty-five by fractions. Then it broke whole points at a time--to sixty;
to fifty-five! In fifteen frightful, unforgetable minutes the capital
stock, of the Consolidated Steel Corporation shrank in value fifteen
million dollars--one million a minute! A psychological statistician
would have figured that this million a minute was the tribute of
the moneyed world to the great Garrettson's reputation for financial
invulnerability; it was the cost of the blow to his prestige, the result
of his partners' inefficiency during the one crucial moment of the
firm's existence. The partners would have understood death and could
have provided against it, stock-marketwise. It is likely that they even
might have capitalized their senior partner's demise had it come from
typhoid, tuberculosis, or taxicab. But the disappearance of the great
Garrettson, the fatal incertitude, the black ignorance, the fearing
and the hoping, paralyzed the faculties of the junior partners of Wall
Street's mighty firm. And the costliness of their indecision was raised
into the millions by the fact that, just as Jenkins, Johnson, and Lane,
the junior partners, agreed that Garrettson, though absent, was well,
and were about to take steps to check the gamblers' panic, the telephone
summoned Jenkins.
“Hello! Is this Mr. Jenkins? Good. This is Dr. Pierson. Come at once to
Mr. Garrettson, Hotel Cressline, Suite D. No, not B--D! Say nothing to
the family! Hurry!” And the speaker rang off.
His face livid with apprehension, visibly tortured by the still
unrelieved uncertainty, Jenkins turned to Walter Johnson, the youngest
and--Wall Street said--the cleverest of Garrettson's partners, and
repeated the message.
“Was it Dr. Pierson's voice?” asked Johnson.
“I don't know--yes; I think it was. He said, 'This is Dr. Pierson,' and
I didn't suspect--yes; I think it was.” After a second's pause, “I know
it was Pierson!”
“Then, for Heaven's sake--” began Lane.
“Your knowledge of Pierson's voice, Jenkins, is vitiated by your obvious
wish. Call up Dr. Pierson's office, of course!” said Johnson.
“Meantime we are losing precious time--” Johnson had already gone to
the desk telephone and asked for Dr. Pierson's office. To his partner he
said, the receiver at his ear:
Public-domain text, read in full here on John Shaqi.
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