Финансист

Chapter XXII

           Hisownloansatthebanks,varyingfromdaytodayonvariouslyhypothecatedsecurities,wereashighassevenandeighthundredthousanddollars.Likeaspiderinaspanglednet,everythreadofwhichheknew,hadlaid,hadtested,hehadsurroundedandentangledhimselfinasplendid,glitteringnetworkofconnections,andhewaswatchingallthedetails.

           Hisonepetidea,thethingheputmorefaithinthananythingelse,washisstreet-railwaymanipulations,andparticularlyhisactualcontroloftheSeventeenthandNineteenthStreetline.Throughanadvancetohim,ondeposit,madeinhisbankbySteneratatimewhenthestockoftheSeventeenthandNineteenthStreetlinewasatalowebb,hehadmanagedtopickupfifty-onepercent.ofthestockforhimselfandStener,byvirtueofwhichhewasabletodoashepleasedwiththeroad.Toaccomplishthis,however,hehadresortedtosomevery"peculiar"methods,astheyafterwardcametobetermedinfinancialcircles,togetthisstockathisownvaluation.Throughagentshecausedsuitsfordamagestobebroughtagainstthecompanyfornon-paymentofinterestdue.Alittlestockinthehandsofahireling,arequestmadetoacourtofrecordtoexaminethebooksofthecompanyinordertodeterminewhetherareceivershipwerenotadvisable,asimultaneousattackinthestockmarket,sellingatthree,five,seven,andtenpointsoff,broughtthefrightenedstockholdersintothemarketwiththeirholdings.Thebanksconsideredthelineapoorrisk,andcalledtheirloansinconnectionwithit.

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