He had no occasion for throwing these stocks on the market, considering the state of things. He knows very well what the effect of their failure will be. The whole city is involved, but it's little he cares. Mr. Stackpole tells me that he had an express understanding with him, or, rather, with the men who it is plain have been representing him, that not a single share of this stock was to be thrown on the market. As it is, I venture to say not a single share of it is to be found anywhere in any of their safes.
I can sympathize to a certain extent with poor Stackpole. His position, of course, was very trying. But there is no excuse--none in the world--for such a stroke of trickery on Cowperwood's part.
It's just as we've known all along--the man is nothing but a wrecker. We certainly ought to find some method of ending his career here if possible."
Mr. Schryhart kicked out his well-rounded legs, adjusted his soft-roll collar, and smoothed his short, crisp, wiry, now blackish-gray mustache. His black eyes flashed an undying hate.
At this point Mr. Arneel, with a cogency of reasoning which did not at the moment appear on the surface, inquired: "Do any of you happen to know anything in particular about the state of Mr.
Cowperwood's finances at present? Of course we know of the Lake Street 'L' and the Northwestern. I hear he's building a house in New York, and I presume that's drawing on him somewhat. I know he has four hundred thousand dollars in loans from the Chicago Central; but what else has he?"
"Well, there's the two hundred thousand he owes the Prairie National," piped up Schrybart, promptly. "From time to time I've heard of several other sums that escape my mind just now."
Mr. Merrill, a diplomatic mouse of a man--gray, Parisian, dandified --was twisting in his large chair, surveying the others with shrewd though somewhat propitiatory eyes. In spite of his old grudge against Cowperwood because of the latter's refusal to favor him in the matter of running street-car lines past his store, he had always been interested in the man as a spectacle. He really disliked the thought of plotting to injure Cowperwood. Just the same, he felt it incumbent to play his part in such a council as this. "My financial agent, Mr. Hill, loaned him several hundred thousand not long ago," he volunteered, a little doubtfully. "I presume he has many other outstanding obligations."
Mr. Hand stirred irritably.
"Well, he's owing the Third National and the Lake City as much if not more," he commented. "I know where there are five hundred thousand dollars of his loans that haven't been mentioned here.
Colonel Ballinger has two hundred thousand. He must owe Anthony Ewer all of that. He owes the Drovers and Traders all of one hundred and fifty thousand."
On the basis of these suggestions Arneel made a mental calculation, and found that Cowperwood was indebted apparently to the tune of about three million dollars on call, if not more.
"I haven't all the facts," he said, at last, slowly and distinctly.
"If we could talk with some of the presidents of our banks to-night, we should probably find that there are other items of which we do not know. I do not like to be severe on any one, but our own situation is serious. Unless something is done to-night Hull &
