Lawyers -- Fiction; New York (N.Y.) -- Fiction; United States -- Social conditions -- 1865-1918 -- Fiction
"Exactly," said the Judge; but he said only that.
"And so," continued Osserman, as one who cannot turn back, "our bank
will be glad to do anything we can for them." He paused and looked at
Stein; but Stein only looked pityingly at him. "Indeed," the banker
ruefully resumed, "their connection with our investments and securities
is such that we would have to."
"Exactly," repeated the Judge, bending his face toward the pink roses at
his elbow. But he was a little sorry for Osserman, and so he added:
"Not that the East County is in a position very different, in that
respect, from most of the other banks."
Osserman took a deep breath.
"Well," he said, "what is it?"
"You are carrying," said the Judge, "a call-loan at two hundred and
fifty thousand to R. H. Forbes & Son."
The banker showed his relief. It was clear that he had expected
something more important.
"Are we?" he asked. "I dare say we are."
"Mr. Osserman," said the Judge, "the finances of the R. H. Forbes
company are not long going to be what they should be. In the interest
of your depositors, I should advise you to stand ready to call that loan
when I give you the word."
The banker looked at the Judge and knew that, before this loan would be
called, the Judge’s clients would see to it that no other bank would
take it up. That, however, was no affair of Osserman’s: he considered
that he was escaping by means of a small service.
"If there’s any danger of the Forbes people failing," he said, "it would
be only good business to do as you say."
"Yes," the Judge assented. "The fact of the matter is this, Mr.
Osserman: that young man named Huber, who has been backing Leighton, is
leaving Leighton and will be the candidate for the reform people to
succeed him."
"I saw something about it in the afternoon papers."
"Yes. Now, my clients have no objection to those reformers; we see that
they may do a great deal of good, if they put a temperate man at the
head of their ticket. But we happen to know that this Huber is a young,
hot-headed demagogue. He is the kind of man that attracts the crowd.
He might be elected. If he was not, he would hurt credit by his wild
speeches; if he was, he would undoubtedly upset it by trying to put his
impossible promises into action. The safest thing for Business is to
take the nomination away from him before he gets started: then nobody is
hurt. What money he has (it is not much) is invested in this Forbes
concern. My advice to you is to see Mr. Forbes to-morrow; make him
appreciate how your bank feels about the unsettling nature of this
candidacy, and tell him that you will have to call his loan if the
candidacy continues."
Public-domain text, read in full here on John Shaqi.
Reviews
Reviews
No reviews yet
Be the first to share your thoughts on this work.
Elsewhere in the archive
Join the Discussion
Join the discussion
Sign in to leave a comment or review.
Sign InorCreate an account