Финансист

Chapter XXIII

           IfFrankshouldnotbeablepromptlyonthemorrowtomeetthecallwhichthebankmighthavetomakeforonehundredandfiftythousanddollars,theonusandscandalofthesituationwouldbeonhim.

           Ontheotherhand,hissonwasmeditatingonthetangledrelationinwhichhenowfoundhimselfinconnectionwiththecitytreasurerandthefactthatitwasnotpossibleforhimtosupportthemarketalone.Thosewhoshouldhavebeeninapositiontohelphimwerenowasbadoffashimself.Thereweremanyunfavorablepointsinthewholesituation.Drexel&Co.hadbeenboomingrailwaystocksloaningheavilyonthem.JayCooke&Co.hadbeenbackingNorthernPacificwerepracticallydoingtheirbesttobuildthatimmensetranscontinentalsystemalone.Naturally,theywerelongonthatandhenceinaticklishposition.Atthefirstwordtheywouldthrowovertheirsurestsecuritiesgovernmentbonds,andthelikeinordertoprotecttheirmorespeculativeholdings.Thebearswouldseethepoint.Theywouldhammerandhammer,sellingshortallalongtheline.Buthedidnotdaretodothat.Hewouldbebreakinghisownbackquickly,andwhatheneededwastime.Ifhecouldonlygettimethreedays,aweek,tendaysthisstormwouldsurelyblowover.

           Thethingthatwastroublinghimmostwasthematterofthehalf-millioninvestedwithhimbyStener.Afallelectionwasdrawingnear.Stener,althoughhehadservedtwoterms,wasslatedforreelection.

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