New York (N.Y.) -- Social life and customs -- Fiction; Wall Street (New York, N.Y.) -- Fiction
Shortly afterward began a campaign of hostility against the management
of the Iowa Midland Railway Company and President Willetts in
particular. It was a bitter campaign of defamation, of ingenious
accusations, and of alarming prognostications. All the newspapers,
important or obscure, subsidized or honest, began to print articles of
the kind technically known as “roasts.” The road, it was declared, had
escaped a receivership by a sheer miracle. President Willetts’s
incompetence was stupendous and incurable. There was, in sooth, some
basis for the complaints, and many stockholders were undoubtedly
dissatisfied with the Willetts “dynasty.” But not even the newspapers
themselves knew that they were merely moving in response to wires
artistically pulled by a financial genius of the first water. The stock
once more declined. Not knowing who was fighting him, President Willetts
was unable to defend himself effectively. Many timid or disgusted
holders sold out. Mr. Greener gave no sign of life; but his brokers
bought the stock offered for sale.
At length a well-known and talkative broker confided to an intimate
friend, who told his intimate friend in confidence, who whispered to his
chum, who told, etc., etc., that Mr. John F. Greener had been
responsible for the fall and rise of Iowa Midland stock; that for months
he had been buying it on the Stock Exchange; that he had quietly picked
up some large blocks in Iowa. All of which was very sad, and, worse
still, true. Also, that Mr. Greener now held 182,300 shares of the
stock, which was even sadder, but untrue.
It really was very well done. The annual meeting of the company was only
six weeks away.
The reporters rushed to Mr. Greener’s office. The little financier would
not be seen. At length he reluctantly consented to be interviewed. He
admitted, after a skilful display of unwillingness, that he had bought
Iowa Midland stock. As to the amount, he said that was not of interest
to the general public. The reporters finally cornered him and succeeded
in making the little financier say, with a fleeting and very peculiar
smile: “Yes; it _is_ over 100,000 shares.” And not another word could
the newspaper men get out of him.
Being an intelligent man, he never lied for publication. Each reporter
who saw that smile and the furtive look that accompanied it went away
convinced to the life-wagering point that Mr. John F. Greener was in
control of the Iowa Midland. And they wrote accordingly.
President Willetts all but had an apoplectic stroke. The Street
disgustedly said: “Another successful, villainous plot of Greener’s!”
And such was his reputation as an “absorber” of roads and roads’ profits
that the stock declined ten points in two days. Investors and
speculators alike displayed a frantic desire not to be identified in any
way or manner with one of Mr. Greener’s properties.
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.
Join the Discussion
Join the discussion
Sign in to leave a comment or review.
Sign InorCreate an account