“Of course not. Still, that is a trifle that really doesn’t matter,
and doubtless your principals will ask of me to allow them quietly to
replace it.”
“I cannot leave these transfer papers with you unless you sign that
receipt. You know enough of business to understand that, I suppose. A
man like myself, acting merely as agent, must have documentary proof
that he has fulfilled his duty. If I leave the papers with you, I must
bear away the signed receipt in lieu of them.”
“I’ll willingly sign a receipt, Mr. Hahn, simply acknowledging your
delivery of the papers.”
“My instructions were quite definite, my lord, and I dare not vary from
them.”
“Oh, I thought that Mr. Schwartzbrod had placed negotiations entirely in
your hands, and would do as you advised.”
“I shall, of course, give him my best advice, but I honestly could not
advise him to part with all his advantages in the situation, and receive
nothing in return.”
“His advantages? What are they?”
“Well, my lord, they are probably greater than you imagine. He and his
colleagues have been elected president and board of directors of the Red
Shallows company. They hold office for a year. You spoke just now of
the withdrawal of the money. It is quite within their legal right to not
only withdraw the money, but to issue debentures against the shares that
you hold. If you read the articles of association, you will see that
this is so. Although you hold all the shares of the company, you cannot
compel them to resign, and you cannot vote your stock until the next
annual meeting, which is nearly twelve months distant. During that time
the president and board of directors, who are clothed with large powers,
for I myself drew up the articles of association, and I know their
contents--these seven men may do practically what they please with your
property, unless we come to an amicable settlement.”
“Ah, who is threatening now, Mr. Hahn?”
“I am not, my lord. I am merely telling you, in the plainest possible
words at my command, just how the situation stands.”
“I thank you, Mr. Hahn, for the clarity of your explanation. I take it,
then, that you cannot leave these documents with me?”
“Not unless you will sign that receipt, my lord.”
“As I feel disinclined to do that, Mr. Hahn, and suffer no qualms of
conscience whatever regarding the unlucky stockbrokers, I hereby return
them to you, receipt and all. Now, you tell Mr. Schwartzbrod that the
price of Red Shallows shares is one hundred pounds each, and if there
are seventy thousand shares coming to me which your principles cannot
produce, their check for seven million pounds will do me quite as well.”
“My lord, you pretend ignorance in business affairs. I suppose you are
now trying to prove it. You cannot make the shares a hundred pounds
apiece, nor can you enforce such an exorbitant condition through any
court in the land. My principals would receive relief from any court of
equity.”
Public-domain text, read in full here on John Shaqi.
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