"We've had the best we could find, but the other fellows have beaten us
to it, every time. But the legal end of it hasn't been the whole thing
or the biggest part of it. What we are needing most is a man who knows a
little something about corporation fights and high finance." And at this
the engineer forgot the Smith disabilities, real or inferential, and
went on to explain in detail the peculiar helplessness of the Timanyoni
Company as the antagonist of the as yet unnamed land and irrigation
trust.
Smith heard him through, nodding understandingly when the tale was
told.
"It's the old story of the big fish swallowing the little one; so old
that there is no longer any saving touch of novelty in it," he
commented. "I've been wondering if there wasn't something of that kind
in your background. And you say you haven't any Belmonts or Morgans or
Rockefellers in your company?"
"We have a bunch of rather badly scared-up ranch owners and local
people, with Colonel Baldwin in command, and that's all. The colonel is
a fighting man, all right, and he can shoot as straight as anybody, when
you have shown him what to shoot at. But he is outclassed, like all the
rest of us, when it comes to a game of financial freeze-out. And that is
what we are up against, I'm afraid."
"There isn't the slightest doubt in the world about that," said the one
who had been called in as an expert. "What I can't understand is why
some of you didn't size the situation up long ago--before it got into
its present desperate shape. You are at the beginning of the end, now.
They've caught you with an empty treasury, and these stock sales you
speak of prove that they have already begun to swallow you by littles.
Timanyoni Common--I suppose you haven't any Preferred--at thirty-nine is
an excellent gamble for any group of men who can see their way clear to
buying the control. With an eager market for the water--and they can
sell the water to you people, even if they don't put their own Escalante
project through--the stock can be pushed to par and beyond, as it will
be after you folks are all safely frozen out. More than that, they can
charge you enough, for the water you've got to have, to finance the
Escalante scheme and pay all the bills; and their investment, at the
present market, will be only thirty-nine cents in the dollar. It's a
neat little play."
Williams was by this time far past remembering that his adviser was a
man with a possible _alias_ and presumably a fugitive from justice.
"Can't something be done, Smith? You've had experience in these things;
your talk shows it. Have we got to stand still and be shot to pieces?"
"The necessity remains to be demonstrated. But you will be shot to
pieces, to a dead moral certainty, if you don't put somebody on deck
with the necessary brains, and do it quickly," said Smith with frank
bluntness.
Public-domain text, read in full here on John Shaqi.
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