Attorney and client -- Fiction; Law firms -- Fiction; Legal stories; New York (N.Y.) -- Fiction
All these various properties were either owned or controlled by Scherer,
Hunn, Greenbaum & Beck and had been acquired with the use of the same
original capital in various entirely legal ways, which at the present
moment are irrelevant. The firm was a strictly honorable business house,
from both their own point of view and that of the Street. Everything
they did was with and by the advice of counsel. Yet not one of these
active-minded gentlemen, including Mr. Greenbaum, the dolichocephalous
Scherer and the acephalous Hunn, had ever done a stroke of productive
work or contributed anything toward the common weal. In fact, distress
to somebody in some form, and usually to a large number of persons,
inevitably followed whatever deal they undertook, since their business
was speculating in mining properties and unloading the bad ones upon an
unsuspecting public which Scherer, Hunn, Greenbaum & Beck had permitted
to deceive itself.
Thus, when Greenbaum called upon Mr. Elderberry for advice, it savored
strongly of Koko's consulting Pooh-Bah and was sometimes almost as
confusing, for just as Pooh-Bah on these occasions was won't to reply,
"Certainly. In which of my capacities? As First Lord of the Treasury,
Lord Chamberlain, Attorney-General, Chancellor of the Exchequer, Privy
Purse or Private Secretary?" so the financial and corporate Elderberry
might equally well ask: "Exactly. But are you seeking my advice as
secretary of Horse's Neck, of Holy Jo, of Cowhide Number Five, or as
vice-president of Hooligan Gulch and Red Water, treasurer of Amphalula
or president of Blimp Consolidated?"
Just now it was, of course, obvious that he was addressing the company
in his capacity of secretary of Horse's Neck.
"It goes without saying, gentlemen, that this property is pretty nearly
down and out. You will recall that most of the insiders sold out on the
tail of the Goldfield Boom and waited for the market to sag until we
could buy in again. The mines are full of water, work was abandoned over
four years ago, and the property is practically defunct. The original
capitalization was ten million shares at one dollar a share. We own or
control at least four million shares, for which we paid ten to fifteen
cents, while we had sold our original holdings for one dollar sixty to
one dollar ninety-five a share. While Horse's Neck represents a handsome
profit--in my opinion"--he cleared his throat again as if deprecating
the vulgarity of his phrase--"it is good for another whirl."
"You say it's full of water?" inquired Hunn.
"It will cost about fifty thousand dollars to pump out the mines and a
hundred thousand to repair the machinery. Then there's quite an
indebtedness--about seventy-five thousand; and tax liens--another fifty.
Half a million dollars would put Horse's Neck on the map, and if the
Amphalula vein crosses the property it will be worth ten millions. If it
doesn't, the chance that it is going to will make a market for the
stock."
Public-domain text, read in full here on John Shaqi.
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