Финансист

Chapter X

           Thesemen,ashelearned,hadtipsoradvancenewsoflegislativeoreconomicchangeswhichweresuretoaffectcertainstocksortradeopportunities.AyoungclerkhadoncepulledhissleeveatTighe’s.

           "SeethatmangoingintoseeTighe?"

           "Yes."

           "That’sMurtagh,thecitytreasurer.Say,hedon’tdoanythingbutplayafinegame.Allthatmoneytoinvest,andhedon’thavetoaccountforanythingexcepttheprincipal.Theinterestgoestohim."

           Cowperwoodunderstood.AllthesecityandStateofficialsspeculated.TheyhadahabitofdepositingcityandStatefundswithcertainbankersandbrokersasauthorizedagentsordesignatedStatedepositories.Thebankspaidnointerestsavetotheofficialspersonally.Theyloanedittocertainbrokersontheofficials’secretorder,andthelatterinvesteditin"surewinners."Thebankersgotthefreeuseofthemoneyapartofthetime,thebrokersanotherpart:theofficialsmademoney,andthebrokersreceivedafatcommission.TherewasapoliticalringinPhiladelphiainwhichthemayor,certainmembersofthecouncil,thetreasurer,thechiefofpolice,thecommissionerofpublicworks,andothersshared.Itwasacasegenerallyof"YouscratchmybackandI’llscratchyours."Cowperwoodthoughtitrathershabbyworkatfirst,butmanymenwererapidlygettingrichandnooneseemedtocare.Thenewspaperswerealwaystalkingaboutcivicpatriotismandpridebutneverawordaboutthesethings.

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