New York (N.Y.) -- Social life and customs -- Fiction; Wall Street (New York, N.Y.) -- Fiction
The little financier had not been mistaken. His last card was his own
evil reputation! He had reserved it for the end. On the wide-spread fear
that followed his broker’s artistic “indiscretion” he was able to
“scoop” 32,000 shares more at low figures. Such is the value of fame!
He now held 110,600 shares, or one third of the Iowa Midland Railroad
Company’s entire capital stock—enough to coerce Willetts into making
very profitable arrangements with Mr. Greener’s Keokuk & Northern
Railway Company. Of course the absolute control of the Iowa Midland was
best of all, if it only could be secured. But of this the sallow-faced
little man with the high forehead and the shifty eyes was doubtful. He
confessed as much to Brown, ending with: “It’s a shame, too. I could
make so much out of that property!”
He estimated—it had cost him $11,000 to secure the necessary data—that
Willetts and his clique held 105,000 shares, so that there were still
122,000 shares unaccounted for—probably scattered among small investors
throughout the country, who did not care who managed the road so long as
they received pleasant promises of dividends, and also among banking
houses and anti-Greener men, who, though they did not approve of
Willetts, disapproved even more emphatically and vehemently of Greener
and his methods.
If he could not buy the stock itself he must try to secure proxies.
He knew that some of the trust companies held a fair amount of the
longed-for stock. He laid siege to them. He bombarded them with promises
and poured an enfilading fire of pledges so honorable, so eminently
sound and business-like, as to pierce the armor of their distrust. In
the end they actually grew to believe that they were acting wisely when
they pledged their support to Mr. Greener. The guarantee he gave them
seemed ironclad, and they agreed to give him their proxies whenever he
should send for them.
He called his clerk Rock and told him: “Go to the Rural Trust Company
and to the Commercial Loan & Trust Company. See Mr. Roberts and Mr.
Morgan. They will give you some Iowa Midland proxies made out to
Frederick Rock or John F. Greener.”
Rock was a good-looking, quiet chap, with a very well-shaped head and a
resolute chin. His manners were pleasing. He had a habit of looking one
straight in the eyes, but did not always succeed thereby in conveying an
impression of straightforwardness. But he certainly impressed one as
being bold and keen. His fellow-clerks used to say that Rock spent his
spare time in studying the financial operations of the Napoleon of the
Street with the same care and minuteness that military students go over
the campaigns of Napoleon Bonaparte—which was the truth.
“Mr. Greener,” said Rock, “you are carrying 110,000 shares of stock, are
you not?”
“Eh?” squeaked Greener, innocently.
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