I asked Arthurjean to send in the next visitor and to my surprise she
announced DeForest.
"Hell!" I told her. "There must have been others ahead of him."
"There was," she said, "but they agreed to let him see you first. They
said they'd be back tomorrow. They were from Goldman Sachs and Lehman
Brothers so they wanted to give Morgan's first crack at you, I guess."
Jim DeForest proved to be one of the vaguely familiar figures I had
noticed flitting around the Harvard Club.
"Winnie," he said, "I just dropped in to say that we have been pretty
well impressed by the way your firm handled itself in this recent
market. Mr. Whitney wanted to know whether it would be convenient for
you to drop in and have a talk with him soon."
"Today?" I asked.
DeForest glanced at his Rolex. "Today's a little late," he remarked,
"but give him a ring tomorrow. No, damn it! He's leaving for a short
trip to Washington. Make it next week and he'll have plenty of time for
you."
"What's it about, Jim?" I asked. "Don't tell me that I'm going to be
offered a Morgan partnership?"
He looked as though I had burped in church.
"I hardly think so," he replied. "If that were the case, Mr. Lamont
would have seen you somewhere uptown. You know the way they gossip in
the Street. No, I rather fancy that Mr. Whitney wants you to be one of
our brokers for floor operations. Or, he might, since you specialize
in estate work, want you to help with some of the new issues we are
planning to underwrite."
"Either way would suit me fine, Jim," I told him. "Do you know," I
continued, "this is the second happiest day of my life. The first was
when I got married."
DeForest seemed a bit relieved and permitted himself a worldly smile.
"And today," I continued, "I received the greatest honor that can come
to an American in Wall Street. Believe me, Jim, this means more than
having just cleaned up three million dollars in straight trading. After
all, what is money worth if it can't buy what isn't for sale?"
This idea seemed to be taken under DeForest's advisement for future
consideration but he let it pass. After all, a million dollars is dross
compared to the approval of the employers of men like Jim DeForest,
still limping along on twenty-five thousand a year twenty years after
graduation.
"Grand to have seen you, Winnie," he said, indicating that the audience
was at an end. "I'll tell Mr. Whitney that you'll see him next week.
And of course, no talk about this. We don't like to encourage gossip
about our operations."
I promised that I would be silent as the grave, not even telling my
partners or my wife. "After all," I pointed out, "it's not a good idea
to arouse false hopes. Perhaps Mr. Whitney will change his mind."
"I hope not," DeForest said solemnly, as though I had mentioned the
possibility of the Black Death. "I most certainly hope not. We don't do
business on that basis, you know."
Public-domain text, read in full here on John Shaqi.
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