Финансист

Chapter XLIII

           Ithadbeeninthehabitofallowingitscitytreasurerstheprivilegeofinvestingthefundsintheirpossessionatalowrateofinterestforthebenefitofthemselvesandtheirfriends.Theirsalariesweresmall.Theyhadtohavesomewayofekingoutareasonableexistence.WasMr.GeorgeStenerresponsibleforthiscustomofloaningoutthecitymoney?Notatall.WasMr.Cowperwood?Notatall.ThecustomhadbeeninvoguelongbeforeeitherMr.CowperwoodorMr.Stenercameonthescene.Why,then,thisgreathueandcryaboutitnow?TheentireuproarsprangsolelyfromthefearofMr.Steneratthisjuncture,thefearofthepoliticiansatthisjuncture,ofpublicexposure.Nocitytreasurerhadeverbeenexposedbefore.Itwasanewthingtofaceexposure,tofacetheriskofhavingthepublic’sattentioncalledtoarathernefariouspracticeofwhichMr.Stenerwastakingadvantage,thatwasall.Agreatfireandapanicwereendangeringthesecurityandwell-beingofmanyafinancialorganizationinthecityMr.Cowperwood’samongothers.Itmeantmanypossiblefailures,andmanypossiblefailuresmeantonepossiblefailure.IfFrankA.Cowperwoodfailed,hewouldfailowingthecityofPhiladelphiafivehundredthousanddollars,borrowedfromthecitytreasurerattheverylowrateofinterestoftwoandone-halfpercent.AnythingverydetrimentaltoMr.Cowperwoodinthat?Hadhegonetothecitytreasurerandaskedtobeloanedmoneyattwoandone-halfpercent.

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