Detective and mystery stories; Trent, Philip (Fictitious character) -- Fiction
At the news of his death panic went through the markets like a
hurricane; for it came at a luckless time. Prices tottered and crashed
like towers in an earthquake. For two days Wall Street was a clamorous
inferno of pale despair. All over the United States, wherever
speculation had its devotees, went a waft of ruin, a plague of suicide.
In Europe also not a few took with their own hands lives that had
become pitiably linked to the destiny of a financier whom most of them
had never seen. In Paris a well-known banker walked quietly out of the
Bourse and fell dead upon the broad steps among the raving crowd of
Jews, a phial crushed in his hand. In Frankfort one leapt from the
Cathedral top, leaving a redder stain where he struck the red tower.
Men stabbed and shot and strangled themselves, drank death or breathed
it as the air, because in a lonely corner of England the life had
departed from one cold heart vowed to the service of greed.
The blow could not have fallen at a more disastrous moment. It came
when Wall Street was in a condition of suppressed “scare”—suppressed,
because for a week past the great interests known to act with or to be
actually controlled by the Colossus had been desperately combating the
effects of the sudden arrest of Lucas Hahn, and the exposure of his
plundering of the Hahn banks. This bombshell, in its turn, had fallen
at a time when the market had been “boosted” beyond its real strength.
In the language of the place, a slump was due. Reports from the
corn-lands had not been good, and there had been two or three railway
statements which had been expected to be much better than they were.
But at whatever point in the vast area of speculation the shudder of
the threatened break had been felt, “the Manderson crowd” had stepped
in and held the market up. All through the week the speculator’s mind,
as shallow as it is quick-witted, as sentimental as greedy, had seen in
this the hand of the giant stretched out in protection from afar.
Manderson, said the newspapers in chorus, was in hourly communication
with his lieutenants in the Street. One journal was able to give in
round figures the sum spent on cabling between New York and Marlstone
in the past twenty-four hours; it told how a small staff of expert
operators had been sent down by the Post Office authorities to
Marlstone to deal with the flood of messages. Another revealed that
Manderson, on the first news of the Hahn crash, had arranged to abandon
his holiday and return home by the _Lusitania;_ but that he soon had
the situation so well in hand that he had determined to remain where he
was.
Public-domain text, read in full here on John Shaqi.
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