Richmond Palladium (Daily), Volume 34, Number 286, 22 August 1909 — Page 6

THE BICH3IONl PAlfcADITJM. AND SUX-TI-XEGR AM. SUXIAX. AUGUST 22, 1909.

the' earth. He talked of Ittly and India and Japan and parts of Russia. After a time he began to ask me questions about myself, and. being an easy talker and happy over the success we had had, I told him a good deal of my story and how I bad come to enter the present undertaking. It was easy to v.ai.:a. tT-V. itesner,' xrnc osncss woman Is watching across the water every move you make, and when the time comes that you want help, when yon cannot go on alone" It sounded like woman' sentiment and I interrupted Jokingly: "When I am in the last ditch, cable you?" "Don't laugh . at mel I am mom earnest than yea know. If that time r This means that Double Value Certificates will be given to customers on purchase of all goods at sale Mill Ends Monday There is sure to be something you will need in the Sale Mill Ends,

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This Is but tbevVelglimiqs;, then this.

peeking company?" questionedlowly, putting ha finger on the inner' truth, as was her w ont. "Perhaps r' I laughed back In the recklessness of large plans. "The meat! "Com hr7 .ook there I " Itsald. business Is nothing to what's .comtog. We shall bare a charter that win let as build elevators, railroads, own ports, run steamship lines everything that has to do with the handling of foodStuffs. Some day that canal will be fug, and then, then" I can't say how long we were "there n our knees before that atlas. It may all seem childish, but the most astonishing thing is that most of what we Imagined tnen jaas come true intone way or another' and faster even 'than my expectation. At last we lookedsup at the same-moment, and our eyes rested on the portrait above us. The cloth bad slipped from the canvas, and there was the speaking face, oldi and saddened the face without hope, without desire. It seemed the face of despair, chiding us for our thoughts of youth and hope. Mrs. Dround arose from the floor and hung the cloth in its place, touching the portrait softly bene and there. Then she stood, resting her bands on the frane, absorbed in thought. A kind of gloom had come over her features. "This this scheme you thave plotted fs life! It is imagination!"' Shesdrew a long breath as though to shake pff the lethargy of years. "That? art" she pointed to the picture of a psle, ghostly woman's fa hanging near by us on the wall "that.is a mere plaything beside yours." "I don't know much about art. That Is the work of annan's own two hands. But mine is the work of thousands and thousands, hands and brains. And it can be ruined by a- trie of fate." "No, never! You Bhall have your chance I promise it I know! Sit down here, and let us go back to the first steps and work itout again carefully." So there in the fading twilight of the afternoon was formed the American Meat Products company. Again and again we went over the companies to be included, the sources of credit, the men to Interest, the bankers front whom money might'be had. It Is here we musthave Mr. Dround's help," I pointed! out significantly. She nodded. "When this step is taken I think he ought to go abroad he neods the rest He could leave all else to you, I think." I understood. The corporation once formed be wouldldrop out "There might bematters to which he srould object" She translated my 'vague words. ' "No one asks If you succeed," she answered tranquilly. And with that observation were settled, those troublesome questions of morality which worried Mr. Dround so deeply. As I left I said In homage: "If this thing Is pulled off it will be yours!" "Oh, no! Mr. Dround doesnt like women to meddle with business. It is all yours, all yours and I am glad to have K so." Her eyes came back to mine, and she umlled In dismissal. CHAPTER XVL THE 8TKUGGLX. Bard times How to make something out of nothing The problem of finance. Getting helpCousin Farson A trip down the coast Paternal admonition. The beautiful city beside the lake The ' last ditch A strong woman's nonsense. I The Dround sail for Europe I am in command. I If is not my purpose to recall all III the details of the crowded I A I Te"rs thtt followed. From the I I autumn of 92, when the events that 1 have Just related occurred, through the period of deepening depression in all business and the succeeding era of prosperity. I can do little more than touch here and there upon more vital events. Suffice it to say that w were met at the start with bard times, a period of tight money, which prevented the quick realization of my plan to incorporate the properties that had been gathered together. One way and another the companies were carried along bv Issuing notes and securing what financial help could be got watting for the favorable time to launch onr enterprise. . Here Mr. Dround was a strong help; once combitted to the undertaking he persusdtd others and used his credit generously. Sometimes he looked back, seekfcif to retreat frees the jreaitieas.ts

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wnicn he wis being forced, "but be saw only ruin behind him and perforce went ahead. Strange to say, we met at first little or no opposition from our strong rivals. Whether it was that Strauss and his crowd were wlHiug to let the mice foregather into one trap before showing their claws or that they despised us as weaklings no one could say. We were able even to join the great packers In one of those private agreements that made it possible for us to secure our share of the home trade. Mr. Dround was aware of this fact but averted his eyes. Necessity knows little squeamishness. It must bave filled John Cartnlchael with unholy joy to know that Dround bad come to this compromise with his virtue. So in spite of the hard times we pushed on. branching out here and there as the chance offered, building a plant in Texas, where Will was sent to take charge, and making a deal with

a car line that had been started by some Boston men. But the time came when we had to have more money and have it at once. There was none to be raised in Chicago, where, the frost of the panic had settled first and hardest Slocum, who was my right band all these months, suggested that the mon,ey might be bad from the Boston men who owned the car line. So in July, 1893, we made a hurried trip to the east They were frightened in Boston, and we met with little but disappoint,ment Men were waiting for congress to repeal the silver law or do something else to make it pleasant and wouldn't listen to putting out another dollar in a Chicago enterprise. Then It occurred to Slocum that we might in terest a man be knew named Farson, pthe rich man of his old borne, Portland. Farson, we found, was down the coast somewhere on his vacation, and we followed after him. It was the first time I had ever been in that part of the country, and the look of it was queer to me a lot of scrawny, rocky fields and wooden built towns. When we failed to find Farson in Portland it did not seem to me worth while to go on. I doubted if there was as much money In the whole town as we had to have, but Slocum was strongly of the opinion that these Maine people had fortunes tucked away in their old stockings. So we kept on down the coast and found our man at bis summer cottage on a little rocky island. This Mr. Farson was a short wiry, little man, almost sixty years old, with a close cropped gray mustache and looked for all the world like a retired .schoolteacher. He received us on his front piazza, and it took him and Slo cum half an hour to establish just the degree of cousinship they were to each other. I wanted to laugh and to put in: "We've come to make your fortune, cousin. It don't make any dif ference whether you are third once re moved or second twice removed." But hi thought it likely that Slocum knew his business best with these people and kept quiet When Slocum got around to saying that we were . Interested in various western enterprises, the weather seemed to grow cool all of a sudden. But Cousin Farson listened politely and asked some good questions at the end. Then he let us go all the way across the harbor to the hotel where we had put up to get our dinner. I thought we had lost him, but Slocum thought not for Cousin Farson had asked us to go fishing with him In the afternoon. "He might bave given us a sand wlch," I growled to Slocum. "That place of his looks as if he could afford it" Slocum smiled at my irritation. "He did not ask you down here. Ho doesn't feel responsible for your coming. Probably Cousin Susan would need a warning Jbefore inviting two strangers to dinner." Well, the little old schoolmaster came over in the afternoon with a very pretty steam launch. The fishing was not all a pretense. He liked to fish, but I never saw a man who listened as keenly as that man did. 'And I did the talking. I let him see that we were engaged on a big work; that in putting his dollars into our packing houses he wasn't just taking a filer way off at the end of the earth. I had had some experience in dealing with men by this time. It was no raw young schemer who came to this party. And I had observed that what men want when they are thinking of putting their money Into a new enterprise is to have confidence in the men who will spend their dollars. My experience has shown me that the cheapest thing to get in this world is money. If you have the ideas, the money will flow like water down hill. At any rate that was the way it worked with good Mr. Farson. We stayed there in Deer Isle three days and had one simple meal in the banker's house after Cousin Susan had been duly warned. At the end of the time Farson thought he would give us a couple of hundred thousand dollars and take some of our bonds, and he thought maybe his brother-in-law would take a few more and also his brother-in-law brother. In short Mr. Farson was the first one in a long row of bricks. He went -up with us on the Boston boat when we started back to secure the others. It was a glorious night early in August, and after Slocum bad gone to bed the old banker and I sat up there on the deck watching the coast fade away In the moonlight I had never seen anything like it before in my life the black rocks starting right out of the water, the stiff little fir trees, the steep hills rolling back from the sea. "This is the prettiest thing I have ever seen! I exclaimed. "My wife must come down here next summer. Tes," the old gentleman replied, with evident pleasure in my praise of his native rocks. "I can tell you that there Is very little in the world to compare with the charm of this coast" Then he began to talk of other lands,' and found that aaand. beaav aM

tell him things be had quick sympathy and was as keen as a boy. - He seemed to approve of my general plan, but advised patience. "This silver trouble will lead to a period of bad times, he remarked. "The very time to prepare, I retorted. "True," he laughed, "when you have the faith and energy. But I am an old man. I wish to live in peace the rest of my life. Young man, I have been through two panics and the war. I lost a son while I was in the Wilderness. He would have been about your age," he added in a far away tone. That switched the talk from business, and we sat there on deck until nearly dawn, discussing religion ail the time. As he bade me goodby at the Boston station the next evening 1 remember his saying to me with one of the pteasanteat smiles I ever saw on a man's face: "Now, Mr. Harrington. I can see that yours will be a busy life. Success will come not merely in these matters, but in many others." He wagged bis head confidently. "I don't make many mistakes in men. But if you ever want to bare such pleasant talks as we had last night when you get to be an old man like me you must see to it that your hands are kept clean. Remember that, my boy!" And he patted my shoulder like a father. It was a queer thing for one man to say to another at the end of a business day. I had occasion to think of It later, although at the time I put it down to the old gentleman's eccentricity. We parted very cordially. 1 felt that a valuable ally bad been secured one who had It in his power to bring others with him to our aid and I. liked the old boy himself. Among other things Mr. Farson had asked me casually about a little line of Missouri railroad the St Louis Great Southern it was called. He and his .friends were pretty well loaded with the securities of this bankrupt little road, and the banker wanted me to look into it and advise him what to do with the property. Thus it happened that the St Louis Great Southern be

came another link in my plan of con quest Altogether it was a most impor tant connection, that between us and Farson's crowd, and it was fortunate that Slocum thought of Cousin Farson in our hour of need. All this time there had been building the beautiful city of white palaces on' the lake, and it was now open for the world to see what Chicago had dreamed and created. Although it had made me impatient to have Mr. Dround spend on it his energy that was needed in bis own business, now that It was accomplished in all its beauty and grandeur it filled me with admiration. There were few hours that I could spend in its enjoyment, but I remember one evening after my return from the east when we had a family party at the fair. May and Will were spending his vacation with us during the hot weather, and the four of us, having bad our dinner, took an electric launch and glided through the lagoons beneath the lofty peristyle out to the lake, which was as quiet as a pond. The long lines of white buildings were ablaze with countless lights; the music from the bands scattered over the grounds floated softly out upon the water; all else was silent and dark. In that lovely hour, soft and gentle as was ever a summer night, the toil and trouble of men, the fear that was gripping men's hearts in the markets, fell away from me, and in its place came faith. The people who could dream this vision and make it real, those people from all parts of the land who thronged here day after day, their sturdy wills and strong hearts would rise above failure, would press on to greater victories than this triumph of beauty, victories greater than the world had yet witnessed! Nevertheless, In spite of hopeful thoughts like these, none knew better than I the skeleton that lay at the feast, the dread of want and failure that was stealing over all business. As our launch drew up at the landing beside the great fountain another launch glided by our side holding a number of the commissioners and some guests of distinction. Among them were the Drounds, who had entertained liberally all this season. The two boat parties came .to shore together and stood looking at the display of fireworks. The court of honor was thronged with thousands and thousands; the great fountain tippled in a blaze of light; the dark peristyle glowed for a moment In the fantastic flame from the fireworks. I turned and caught the light of the illumination in the dark face of Jane Dround. She bowed and smiled. "In your honor." she murmured half mockingly as a rocket burst into a shower of fiery spray in the heavens above. "I hear that you return from Boston victor. You should hear Henry. He has no doubts now." She laughed in high spirits. "Tonight I hove no doubts, but tomorrow who knows?" Her brows contracted seriously. "You need, my friend, one great quality, and you must get It somehow patience!" "That is true, but" "Patience." she repeated slowly: "the patience that covers years. Perhaps you think that is a woman's virtue, but men, too, must have it If they are to endure. Remember patience! Now, before any one comes let me tell you. We are to leave for Europe as soon as the fair closes. Do you think that It will be all right by that time? Say yes or no," she added as we were approached by May and Sarah. "Yes," I answered, with a strange feeling of sadness. Once more before we left the grounds I caught a moment of talk with Bin. Dround. ' "To you the game the great gamer she exelainied softly. "And to me the CHICHESTER SPILLS Ws. tic BHAstenr Brum, a ITU. la BUd tad Mi amUc1

Aw 11

"When I am in the last ditch, cable you P comes, if you don't know which way to turn for help, if you have done all. and still" We were standing beside a band stand, and at that moment the music clashed out flooding us with deafening sound. She pressed my hand, smiled and turned away. I thought no more of her words then. But some weeks later, before the Drounds sailed for Europe, there came in my mall an envelope addressed In a woman's hand. Inside there was only another envelope marked: "For the last ditch!" I tossed it into a drawer, rather annoyed by the silliness of it all. It was the first evidence of weakness I had ever detected In this intelligent woCHAPTER XVII. NO GOSPEL GAME. Elementary lessons in finance What Is a panic t The snake begins to show signs of life An injunction of the court tn quiriesEd liostetter knows our man. How to deal tMth a political fudge Slocum objects My will prevails The injunction is dissolved. ARAH nI were sitting over our coffee one morning, six months after the fair bad closed its gates for the last time. Our second child, a little girl, was but a few weeks old. and this was the first morning that Sarah had breakfasted with me for some weeks. She had been glancing at the morning paper, and suddenly she looked up from it with wonder on her face. "The Tenth National bank has failed. Isn't that Mr. Cross' bank?" I nodded. "Will the Crosses lose all their money?" "It's likely enough what's left of it all bis and her folks' too." "Yesterday some one told me the Kentons were trying to sell their place at the lake. What does It mean? Why are people growing poor?" "It's the panic," I answered briefly. "Business has been getting wose and worse ever slnee the fair. Some think it started with the fair, but the trouble goes back of that" She put aside the paper and looked at me seriously. "Van, what is a panic?" It seemed strange that she should ask such a question in a simple, childish way. But she had been shut away from people and things of late, and it was not her nature to explore what was not right In her path. "A panic," I replied, finishing my coffee, "is hell! Now I must run and see what has happened to us." She looked at me in round mouthed astonishment, and when I bent over to kiss her goodby she said reprovingly: "You don't mean It could touch us. Van?" "It might" I smiled, thinking of the troubled waters where I was swimming. "We must trust Providence" "And me." "Van!" She kissed me with a bit of reproof. "I wish you would be more religious." My wife had been growing very serious of late. Under May's example she had taken to church work and attended religious classes. She and May discovered lately a new preacher, who seemed a very earnest young man. The Bible class he had formed sometimes met at our house, and Sarah preferred to go to hfe church, which was a long way from our house, to the church near by where we had a pew. It made little difference where I was taken to church, and I was glad to have Sarah pleased with her young preacher, so 1 kissed my wife goodby and hurried off. half an hour late as it was. There was trouble brewing. It had shown a hand some months back, darkly and mysteriously. One day while I was east a man had walked into Slocum's office. Introduced himself as a Henry A. Frost and said that he represented some minority bondholders of the defunct London and Chicago company. We knew that there were a few scattered bonds outstanding, not more than $40,000 all told, but we had never looked for trouble from them. Mr. Frost represented to Slocum that his "syndicate" did not wish to make us trouble, but that before tbe property of tbe Loadoa and Chicago concern was finally turned over to our corporation he wished to effect a settlement Slocum asked him his fig are for the bonds held by his "syndicate.' believing at the worst that Frost would demand little more than tbe cash price of fifty. To Ms astonishment the man wanted par and interwhen Slocum laughed at bis

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Nearly Everybody that might come ff his "syndicate" were not satisfied. Slocum referred tbe matter to me and advised me to seek some compromise with Frost "for," be said, "our record is not altogether clear in that transaction," referring to the sum we had paid for servlcea to the treasurer of the bankrupt corporation. This move on the part of Frost and his associates was blackmail, of course, but the lawyer advised compromise. It would bave been the wise thing to do; but having succeeded so far, I felt my oats too much to be held up In this fashIon. I refused peremptorily to deal with the man, and Slocum intimated to him when be called for a reply that we would not consider giving him more than the other bondholders had received namely, 80 per cent of the par value of the bonds be beld in new bonds. Frost went off. and we had heard nothing more from him. Meanwhile we bad gone our way, making ready to turn over our properties, rounding up this matter and that guarding against the tight money market and quietly getting things in order for putting out our securities. Then one day bad come like a thunderbolt from an open sky an injunction restraining tbe American Meat Products company from taking over the properties of the London and Chicago company, the petitioners alleging that tbey held bonds of the latter concern and that the sale of its properties to the representatives of the American Meat Products company had been tainted with fraud. A Judge Garretson of the circuit court had granted tbe tempo rary Injunction one nigbt at his bouse, and the argument for tbe permanent decree was set for April 10, a fortnight later. The names of the petitioners, all but Frost's, were unknown to us. "There Is the trail of the snake r Slo cum muttered when he had read tbe injunction. "We had better find Lokes. This will be in the papers tonight and in the eastern papers tomorrow morning. You will hear from it all over." Sure enough, tbe next noon I had a telegram from Farson in Boston: "Papers print Injunction A. M. P. Co.; charge fraud. Wire explanation." "Cousin John didn't let the grass grow under him," Slocum grimly remarked when I banded him this telegram at luncheon. "You had better let me answer him. Now for Lokes. He denies all knowledge, and it's plain enough that be Isn't interested in having this matter aired. But some one must have found out pretty accurately what has happened. Perhaps Lokes when he was drunk let out what ha had got from us. Anyhow it's blackmail, and tbe question Is what are we going to do about it It will cost us a pretty penny to settle now!" The situation was alarming. Unless we could get that Injunction dissolved ind speedily our project faced serious ganger. The banker Farson's telegram was only the first Tbe banks and our backers east and west would soon call us to account "It Is blackmail," I said to Slocum, "and if there is a way out we will not pay those rats. Find out what you can about them." In a day or two he came over to me with the information he had obtained. The "synutcate" consisted of three or four cheap fellows, bangers on of a broker's office. One of them happened to be a relative of Judge Garretson. who had issued the midnight injunction. "I got that last from Ed Hostetter." Slocum explained. "I met him on the street as I was coming over here. Having beard that this Lucas Smith lived out Ed's way. in May Park, I asked him if he knew anything about the man. He said at once: 'You mean the jedge's brotber-In-lawT He's a political feller. Of course this Smith Is a bum like the rest." So we bad in Ed. who had came back to work fer me, having failed In a market where I had started him after tbe sausare pjant was said. (Continued.) Kocloll ReKe T-whatyeuesJ

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