“Well, Mr. Mackeller, that is just the question I have been asking
myself. I suppose I rather took to him, and in spite of my determination
not to, I became interested in the story he told me. I think your seven
syndicate men must be rather exceptional, are they not?”
“No. I am exceptional in allowing myself to be caught like a schoolboy.”
“I am quite unversed in the ways of the city, Mr. Mackeller, and I
should like to know the _modus operandi_ of a case like this. Are your
seven men personally selling their stock?”
“How do you mean personally? They don’t go on the market and trade, of
course.”
“Then they must employ some one else?”
“Oh, they are employing a score of brokers, all offering the shares with
no takers.”
“Do you know these brokers, Mr. Mackeller?”
“Every man jack of them.”
“Are they enemies of yours?”
“There is neither enmity nor friendship in the city, Lord Stranleigh.”
“Your most intimate acquaintance, then, would smash you up all in the
way of business?”
“Of course.”
“What a den of wild beasts you are!”
“Yes, I have long thought so, and, indeed, with this transaction I had
intended to withdraw from the business and settle on my farm. You see, I
did not bring up my son--he’s the only boy I have--to this business, but
unluckily I got nipped just at the moment I intended to stop, as is so
often the case. I expected that my holding in this mine would leave
me not only well off, but rich, for I have the utmost confidence in
my son’s report, and my certainty of a fortune caused me to relax my
natural caution at exactly the moment when I should have been most wide
awake.”
“Do you think the five thousand pounds will clear you?”
“I don’t know. There’s been a panic among those whom I induced to go in
with me on this deal, but if I say it myself, my reputation is good, and
I think if I can hold on for a week or two longer, the tide will turn.
All my life I have endeavored to conduct this business strictly on a
truth-telling plan, and that is bound to tell in my favor the moment the
panic ceases.”
“Do you mean, then, Mr. Mackeller, that the hammering of this mine has
caused a financial panic in the city?”
“Oh, no, no! When I refer to a panic, I mean only among those few that
have gone in with me; that believed me when I told them this was one of
the best things I ever had offered to me. The Red Shallows flotation
is too small an affair to cause even a flutter in the city, yet it
threatens to grind me to pieces.”
“There are, you say, twenty stockbrokers selling these shares, and you
know their names. Where do they offer the shares?”
“On the Stock Exchange, in their offices, in the street, anywhere.”
“Is there another twenty stockbrokers whom you could trust?”
“Yes.”
“Suppose at twelve o’clock to-day, exactly to the minute, your twenty
went to the offices of the other twenty, would they find in those
offices some one to sell them this stock?”
“Yes.”
“Even if the principal were absent?”
“Yes.”
Public-domain text, read in full here on John Shaqi.
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