The two Mackellers nodded.
“I hope I am not unduly confident when I take it for granted that there
are no ’buses running to Para-what-you-call-it, nor steam launches
either?”
“No,” said Peter Mackeller, “it is several hundred miles from the
nearest port of call by any of the regular liners, or even tramp
steamers. Once there, you must charter whatever kind of sailing craft is
available, for the mouth of the Paramakaboo.”
“I see. Now, I presume, Mr. Mackeller, that, being an adept at this sort
of thing, you have made your purchases of shares strictly according to
the rules of the game. No hole is left for this syndicate of seven to
crawl out, is there?”
“No,” said the elder Mackeller.
“They will probably try to wriggle away,” suggested Stranleigh, “as soon
as they learn they are trapped.”
“Undoubtedly,” replied Angus Mackeller, “but I see no way of escape
except through the court of bankruptcy, which is a road these men won’t
want to travel, and even if they did, they have lost all this property,
at any rate. They’ve done themselves out of Red Shallows, whatever
happens.”
“How many shares did you buy, Mr. Mackeller?”
“In round numbers, three hundred thousand.”
“And how much did that cost me?”
“Again in round numbers, thirty-seven thousand, five hundred pounds.
Some of the stock was bought as low as two-and-four, the bulk at half a
crown, and a quantity of shares at two-and-seven and two-and-eight. I’m
reckoning the lot to average half a crown a share.”
“How many shares does the company possess?”
“The authorized capital of the company is £250,000 in shares of one
pound each. Fifty thousand shares were sold to provide working capital,
and ten thousand allotted to me for forming the company, and securing
the fifty thousand pounds without publicity.”
“Well, Mr. Mackeller, my head is useless so far as figures are
concerned, but it seems to me, speaking heedlessly, that these men have
promised to deliver to me sixty thousand shares, the bulk of which does
not exist, while the rest is in our possession.”
“More than that, Lord Stranleigh,” replied Mackeller, “because I bought
a quantity of shares in addition to the ten thousand allotted me; then
three or four of my colleagues have not sold, including your friend, the
Honorable John Hazel.”
“Well, then, it would appear that these syndicate johnnies have bitten
off more than they can chew, as they say out West. How soon will they
discover the particulars of the situation?”
“They doubtless know it now, my lord.”
“And what will be their first move?”
“They will probably endeavor to compromise.”
“Which means they will try to see you, for of course they know nothing
of me in this transaction.”
“It is very likely they will approach me.”
“What will you do, Mr. Mackeller?”
“I shall await your instructions.”
“Oh, my instructions are of no value. I’m a mere amateur, you know,
whose dependence is on you. What is your advice, Mr. Mackeller?”
“I should compromise if I were you.”
Public-domain text, read in full here on John Shaqi.
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