Финансист

Chapter XIV

           Thewarwasjustover.Moneywashigh.Investorscouldgetmorethansixpercent.elsewhereunlesstheloanwassoldatninety.Buttherewereafewwatchfulpoliticiansnotintheadministration,andsomenewspapersandnon-politicalfinancierswho,becauseofthehighstrainofpatriotismexistingatthetime,insistedthattheloanshouldbesoldatpar.Thereforeaclausetothateffecthadtobeinsertedintheenablingordinance.

           This,asonemightreadilysee,destroyedthepoliticians’littleschemetogetthisloanatninety.Neverthelesssincetheydesiredthatthemoneytiedupintheoldwarrantsandnownotredeemablebecauseoflackoffundsshouldbepaidthem,theonlywaythiscouldbedonewouldbetohavesomebrokerwhoknewthesubtletiesofthestockmarkethandlethisnewcityloanon‘changeinsuchawaythatitwouldbemadetoseemworthonehundredandtobesoldtooutsidersatthatfigure.Afterward,if,asitwascertaintodo,itfellbelowthat,thepoliticianscouldbuyasmuchofitastheypleased,andeventuallyhavethecityredeemitatpar.

           GeorgeW.Stener,enteringascitytreasureratthistime,andbringingnospecialfinancialintelligencetotheproposition,wasreallytroubled.HenryA.Mollenhauer,oneofthemenwhohadgatheredupalargeamountoftheoldcitywarrants,andwhonowwantedhismoney,inordertoinvestitinbonanzaoffersintheWest,calledonStener,andalsoonthemayor.HewithSimpsonandButlermadeuptheBigThree.

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