Children of the rich -- Fiction; United States -- Social life and customs -- Fiction
Arthur reflected. Presently he drew her head down against his; it seemed
to her that she could feel his brain at work, and soon she knew from the
change in the clasp of his arms about her that that keen, quick mind of
his was serving him well. "What a joy it is to a woman," she thought, "to
know that she can trust the man she loves--trust him absolutely, always,
and in every way." And she fell asleep after awhile, lulled by the
rhythmic beat of his pulse, so steady, so strong, giving her such a
restful sense of security. She did not awaken until he was gently laying
her in the bed.
"You have found it?" said she, reading the news in the altered expression
of his face.
"I hope so," replied he.
She saw that he did not wish to discuss. So she said, "I knew you would,"
and went contentedly back into sleep again.
* * * * *
Next day he carefully read the company's articles of incorporation to
make sure that they contained no obstacle to his plan. Then he went to
Scarborough, and together they went to Judge Torrey. Three days later
there was a special meeting of the board of directors; the president,
Charles Whitney, was unable to attend, but his Monday morning mail
contained this extract from the minutes:
"Mr. Ranger offered a resolution that an assessment of two thousand
dollars be at once laid upon each share of the capital stock, the
proceeds to be expended by the superintendent in betterments. Seconded
by Mr. Scarborough. Unanimously passed."
Whitney reread this very carefully. He laid the letter down and stared at
it. Two thousand dollars a share meant that he, owner of four hundred and
eighty-seven shares, would have to pay in cash nine hundred and
seventy-four thousand dollars. He ordered his private car attached to the
noon express, and at five o'clock he was in Scarborough's library.
"What is the meaning of this assessment?" he demanded, as
Scarborough entered.
"Mr. Ranger explained the situation to us," replied Scarborough. "He
showed us we had to choose between ruin and a complete reorganization
with big improvements and extensions."
"Lunacy, sheer lunacy!" cried Whitney. "A meeting of the board must be
called and the resolution rescinded."
Scarborough simply looked at him, a smile in his eyes.
"I never heard of such an outrage! You ask me to pay an assessment of
nearly a million dollars on stock that is worthless."
"And," replied Scarborough, "at the end of the year we expect to levy
another assessment of a thousand a share."
Whitney had been tramping stormily up and down the room. As Scarborough
uttered those last words he halted. He eyed his tranquil fellow-trustee,
then seated himself, and said, with not a trace of his recent fury: "You
must know, Scarborough, the mills have no future. I hadn't the heart to
say so before Dr. Hargrave. But I supposed you were reading the signs
right. The plain truth is, this is no longer a good location for the
flour industry."
Public-domain text, read in full here on John Shaqi.
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