Финансист

Chapter XXV

           

           Immediatelythestormbrokeanew,morevolublethanbefore,because,ifafteronehourofinvestigationonthisMondaymorningoneinsurancecompanyhadgonedown,whatwouldfourorfivehoursoradayortwobringforth?ItmeantthatmenwhohadbeenburnedoutinChicagowouldnotbeabletoresumebusiness.Itmeantthatallloansconnectedwiththisconcernhadbeen,orwouldbecallednow.Andthecriesoffrightened"bulls"offeringthousandandfivethousandlotholdingsinNorthernPacific,IllinoisCentral,Reading,LakeShore,Wabash;inallthelocalstreetcarlines;andinCowperwood’scityloansatconstantlyfallingpriceswassufficienttotaketheheartoutofallconcerned.HehurriedtoArthurRivers’ssideinthelull;buttherewaslittlehecouldsay.

           "ItlooksasthoughtheMollenhauerandSimpsoncrowdsaren’tdoingmuchforthemarket,"heobserved,gravely.

           "They’vehadadvicesfromNewYork,"explainedRiverssolemnly."Itcan’tbesupportedverywell.Therearethreeinsurancecompaniesoverthereonthevergeofquitting,Iunderstand.Iexpecttoseethempostedanyminute."

           Theysteppedapartfromthepandemonium,todiscusswaysandmeans.UnderhisagreementwithStener,Cowperwoodcouldbuyuptoonehundredthousanddollarsofcityloan,abovethecustomarywashsales,ormarketmanipulation,bywhichtheyweremakingmoney.Thiswasincasethemarkethadtobegenuinelysupported.

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