Финансист

Chapter XIV

           Heknewlittleoffinance,butwasanexcellentbookkeeper;and,anyhow,wasnotcorporationcounselRegan,anotherpoliticaltoolofthisgreattriumvirate,theretoadvisehimatalltimes?Hewas.Itwasaverysimplematter.Beingputontheticketwasequivalenttobeingelected,andso,afterafewweeksofexceedinglytryingplatformexperiences,inwhichhehadstammeredthroughplatitudinousdeclarationsthatthecityneededtobehonestlyadministered,hewasinductedintooffice;andthereyouwere.

           Nowitwouldn’thavemadesomuchdifferencewhatGeorgeW.Stener’sexecutiveandfinancialqualificationsforthepositionwere,butatthistimethecityofPhiladelphiawasstillhobblingalongunderperhapsasevilafinancialsystem,orlackofit,asanycityeverenduredtheassessorandthetreasurerbeingallowedtocollectandholdmoneysbelongingtothecity,outsideofthecity’sprivatevaults,andthatwithoutanydemandonthepartofanybodythatthesamebeinvestedbythematinterestforthecity’sbenefit.Rather,alltheywereexpectedtodo,apparently,wastorestoretheprincipalandthatwhichwaswiththemwhentheyenteredorleftoffice.Itwasnotunderstoodorpubliclydemandedthatthemoneyssocollected,ordrawnfromanysource,bemaintainedintactinthevaultsofthecitytreasury.Theycouldbeloanedout,depositedinbanksorusedtofurtherprivateinterestsofanyone,solongastheprincipalwasreturned,andnoonewasthewiser.

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