said nothing.
"Perhaps there is a reason for that," suggestedCharles.
They waited for Robert to speak. He shiftedin his chair presently and spoke with somedecision. His intonation might have beenunpleasant but that the depth and fulness of hisvoice redeemed it. The best note in his utterancewas its open frankness.
"Uncle John understands this matter just aswell as I do," he began, somewhat in protest.
"We have been over the ground often. Thesepeople have been an annoyance to us; this isundeniable. McCrea has complained of them fortwo years. Through a shift in the cards-thismoney squeeze-we have them to-day in ourhands-"
Uncle John's eyes shone and he clasped thefingers of one hand tightly in the other. "That iswhat I say; trim them!" he whispered eagerly.
Robert went on, unmoved: "Let us look atthat, too. He wants me to trim them. I havesteadily opposed buying them at all. But the restof you have overruled me. Very good. Theyknow now that they are in our power. They are, one and all, bushwhackers and guerillas. Tomy mind there isn't a trustworthy man in thecrowd-not even MacBirney.
"They have made selling agreements withMcCrea again and again and left him to hold thesack. We can't do business in that way. Whenwe give our word it must be good. They givetheir word to break it. Whenever we make aselling agreement with such people we get beaten, invariably. They have cut into us on theMissouri River, at St. Paul, even at Chicago-fromtheir Kansas plants. They make poor sugar, butit sells, and even when it won't sell, it demoralizesthe trade. Now they are on their knees. Theywant us to buy to save what they've got invested.At a receiver's sale they would get nothing. Buton the other hand Lambert might get the plants.If we tried to bid them in there would be a howlfrom the Legislature, perhaps."
Uncle John was growing moody, for the preywas slipping through his fingers. "It might bebetter to stand pat," he muttered.
Robert paid no attention. "What I propose, and God knows I have explained it before, is this: These people can be trimmed, or they can besatisfied. I say give them eleven millions-six millionscash-three millions preferred and two millions inour common for fifty per cent of their stockinstead of sixteen millions for all of their stock."
Uncle John looked horror stricken. "It isnothing to us," exclaimed Robert, impatiently. "Ican make the whole capital back in twelve monthswith McCrea to help MacBirney reorganize andrun the plants. It is a fortune for them, and wekeep MacBirney and the rest of them, for tenyears at least, from scheming to start new plants.Nelson says there are legal difficulties aboutbuying more than half their stock. But the votingcontrol of all of it can be safely trusteed."
Uncle John could barely articulate: "Toomuch, it is too much."
"Bosh. This is a case where generosity is'plainly indicated,' as Hamilton says."
"Too much."
"Robert is right," asserted Charles curtly.
Uncle John threw his hand up as if to say: "Ifyou are resolved to ruin us, go on!"
"You will be surprised at the success of it,"concluded Robert. "MacBirney wants to comehere to live, though Chicago would be the betterplace for him. Let him be responsible for theWestern territory. With such an arrangementwe ought to have peace out there for ten years.If we can, it means just one hundred millionsmore in our pockets than we can make in theface of this continual price cutting."
Charles rose. "Then it is settled."
Uncle John ventured a last appeal. "Makethe cash five and a half millions."
"Very good," assented Robert, who to meetprecisely this objection had raised the figure wellabove what he intended to pay. "As you like,Uncle John," he said graciously. "Charles, makethe cash five and a half millions."
And Uncle John went back to his loneliness, treasuring in his heart the half million he hadsaved, and encouraged by his frail triumph inthe conference over his never-quite-wholly-understoodnephew.
At a luncheon next day, the decision was laidby Charles and Robert before the Kimberlypartners, by whom it was discussed and approved.
In the evening Charles, with Robert listening, laid the proposal before MacBirney, who hadbeen sent for and whose astonishment at theunexpected liberality overwhelmed him.
He was promptly whirled away from TheTowers in a De Castro car. And from a simpleafter-dinner conference, in which he had sat downat ten o'clock a promoter, he had risen atmidnight with his brain reeling, a millionaire.
Alice excused herself when her husbandappeared at Black Rock, and followed him upstairs.She saw how he was wrought up. In their room, with eyes burning with the fires of success, he toldher of the stupendous change in their fortunes.With an affection that surprised and moved Alice, who had long believed that never again couldanything from him move her, he caught herclosely in his arms.
Tears filled her eyes. He wiped them awayand forced a laugh. "Too good to be true, dearie, isn't it?"
She faltered an instant. "If it will only bring ushappiness, Walter."
"Alice, I'm afraid I have been harsh, at times." Hermemory swept over bitter months and wastedyears, but her heart was touched. "It is allbecause I worry too much over business. Therewill be no more worries now-they are past andgone. And I want you to forget everything,Allie." He embraced her fervently. "I havehad a good deal of anxiety first and last. It isover now. Great God! This is so easy here.Everything is so easy for these people."
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