Cowperwood, with an admirable show of courtesy, called a stenographer, and pretended to secure for his guest the home addresses of these gentlemen. He then bade Mr. Stackpole an encouraging farewell. The distrait promoter at once decided to try not only Bailey and Kaffrath, but Videra; but even as he drove toward the office of the first-mentioned Cowperwood was personally busy reaching him by telephone. “I say, Bailey,” he called, when he had secured the wealthy lumberman on the wire, “Benoni Stackpole, of Hull & Stackpole, was here to see me just now.” “Yes.” “He has with him fifteen thousand shares of American Match—par value one hundred, market value to-day two-twenty.” “Yes.” “He is trying to hypothecate the lot or any part of it at one-fifty.” “Yes.” “You know what the trouble with American Match is, don’t you?” “No. I only know it’s being driven up to where it is now by a bull campaign.” “Well, listen to me. It’s going to break. American Match is going to bust.” “Yes.” “But I want you to loan this man five hundred thousand dollars at one-twenty or less and then recommend that he go to Edwin Kaffrath or Anton Videra for the balance.” “But, Frank, I haven’t any five hundred thousand to spare. You say American Match is going to bust.” “I know you haven’t, but draw the check on the Chicago Trust, and Addison will honor it. Send the stock to me and forget all about it. I will do the rest. But under no circumstances mention my name, and don’t appear too eager. Not more than one-twenty at the outside, do you hear? and less if you can get it. You recognize my voice, do you?” “Perfectly.” “Drive over afterward if you have time and let me know what happens.” “Very good,” commented Mr. Bailey, in a businesslike way. Cowperwood next called for Mr. Kaffrath. Conversing to similar effect with that individual and with Videra, before three-quarters of an hour Cowperwood had arranged completely for Mr. Stackpole’s tour. He was to have his total loan at one-twenty or less. Checks were to be forthcoming at once. Different banks were to be drawn on—banks other than the Chicago Trust Company. Cowperwood would see, in some roundabout way, that these checks were promptly honored, whether the cash was there or not. In each case the hypothecated stocks were to be sent to him. Then, having seen to the perfecting of this little programme, and that the banks to be drawn upon in this connection understood perfectly that the checks in question were guaranteed by him or others, he sat down to await the arrival of his henchmen and the turning of the stock into his private safe. CHAPTER XLVIII. Panic