Capitalists and financiers -- Fiction; Chicago (Ill.) -- Fiction; Psychological fiction
But to do all this a great deal of money had been required, much more
than was in possession of either Hull or Stackpole. Both of them being
Western men, they looked first to Western capital. Hand, Schryhart,
Arneel, and Merrill were in turn appealed to, and great blocks of the
new stock were sold to them at inside figures. By the means thus
afforded the combination proceeded apace. Patents for exclusive
processes were taken over from all sides, and the idea of invading
Europe and eventually controlling the market of the world had its
inception. At the same time it occurred to each and all of their lordly
patrons that it would be a splendid thing if the stock they had
purchased at forty-five, and which was now selling in open market at
one hundred and twenty, should go to three hundred, where, if these
monopolistic dreams were true, it properly belonged. A little more of
this stock—the destiny of which at this time seemed sure and
splendid—would not be amiss. And so there began a quiet campaign on the
part of each capitalist to gather enough of it to realize a true
fortune on the rise.
A game of this kind is never played with the remainder of the financial
community entirely unaware of what is on foot. In the inner circles of
brokerage life rumors were soon abroad that a tremendous boom was in
store for American Match. Cowperwood heard of it through Addison,
always at the center of financial rumor, and the two of them bought
heavily, though not so heavily but that they could clear out at any
time with at least a slight margin in their favor. During a period of
eight months the stock slowly moved upward, finally crossing the
two-hundred mark and reaching two-twenty, at which figure both Addison
and Cowperwood sold, realizing nearly a million between them on their
investment.
Public-domain text, read in full here on John Shaqi.
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