The Financier. Theodore Dreiser

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The Financier - Theodore Dreiser

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felt the force of the temperament and the argument. He liked the young man's poise and balance. A number of people had spoken of Cowperwood to him. (It was now Cowperwood & Co. The company was fiction purely.) He asked him something about the street; how the market was running; what he knew about street-railways. Finally he outlined his plan of buying all he could of the stock of two given lines—the Ninth and Tenth and the Fifteenth and Sixteenth—without attracting any attention, if possible. It was to be done slowly, part on 'change, part from individual holders. He did not tell him that there was a certain amount of legislative pressure he hoped to bring to bear to get him franchises for extensions in the regions beyond where the lines now ended, in order that when the time came for them to extend their facilities they would have to see him or his sons, who might be large minority stockholders in these very concerns. It was a far-sighted plan, and meant that the lines would eventually drop into his or his sons' basket.

      “I'll be delighted to work with you, Mr. Butler, in any way that you may suggest,” observed Cowperwood. “I can't say that I have so much of a business as yet—merely prospects. But my connections are good. I am now a member of the New York and Philadelphia exchanges. Those who have dealt with me seem to like the results I get.”

      “I know a little something about your work already,” reiterated Butler, wisely.

      “Very well, then; whenever you have a commission you can call at my office, or write, or I will call here. I will give you my secret operating code, so that anything you say will be strictly confidential.”

      “Well, we'll not say anything more now. In a few days I'll have somethin' for you. When I do, you can draw on my bank for what you need, up to a certain amount.” He got up and looked out into the street, and Cowperwood also arose.

      “It's a fine day now, isn't it?”

      “It surely is.”

      “Well, we'll get to know each other better, I'm sure.”

      He held out his hand.

      “I hope so.”

      Cowperwood went out, Butler accompanying him to the door. As he did so a young girl bounded in from the street, red-cheeked, blue-eyed, wearing a scarlet cape with the peaked hood thrown over her red-gold hair.

      “Oh, daddy, I almost knocked you down.”

      She gave her father, and incidentally Cowperwood, a gleaming, radiant, inclusive smile. Her teeth were bright and small, and her lips bud-red.

      “You're home early. I thought you were going to stay all day?”

      “I was, but I changed my mind.”

      She passed on in, swinging her arms.

      “Yes, well—” Butler continued, when she had gone. “Then well leave it for a day or two. Good day.”

      “Good day.”

      Cowperwood, warm with this enhancing of his financial prospects, went down the steps; but incidentally he spared a passing thought for the gay spirit of youth that had manifested itself in this red-cheeked maiden. What a bright, healthy, bounding girl! Her voice had the subtle, vigorous ring of fifteen or sixteen. She was all vitality. What a fine catch for some young fellow some day, and her father would make him rich, no doubt, or help to.

       Table of Contents

      It was to Edward Malia Butler that Cowperwood turned now, some nineteen months later when he was thinking of the influence that might bring him an award of a portion of the State issue of bonds. Butler could probably be interested to take some of them himself, or could help him place some. He had come to like Cowperwood very much and was now being carried on the latter's books as a prospective purchaser of large blocks of stocks. And Cowperwood liked this great solid Irishman. He liked his history. He had met Mrs. Butler, a rather fat and phlegmatic Irish woman with a world of hard sense who cared nothing at all for show and who still liked to go into the kitchen and superintend the cooking. He had met Owen and Callum Butler, the boys, and Aileen and Norah, the girls. Aileen was the one who had bounded up the steps the first day he had called at the Butler house several seasons before.

      There was a cozy grate-fire burning in Butler's improvised private office when Cowperwood called. Spring was coming on, but the evenings were cool. The older man invited Cowperwood to make himself comfortable in one of the large leather chairs before the fire and then proceeded to listen to his recital of what he hoped to accomplish.

      “Well, now, that isn't so easy,” he commented at the end. “You ought to know more about that than I do. I'm not a financier, as you well know.” And he grinned apologetically.

      “It's a matter of influence,” went on Cowperwood. “And favoritism. That I know. Drexel & Company and Cooke & Company have connections at Harrisburg. They have men of their own looking after their interests. The attorney-general and the State treasurer are hand in glove with them. Even if I put in a bid, and can demonstrate that I can handle the loan, it won't help me to get it. Other people have done that. I have to have friends—influence. You know how it is.”

      “Them things,” Butler said, “is easy enough if you know the right parties to approach. Now there's Jimmy Oliver—he ought to know something about that.” Jimmy Oliver was the whilom district attorney serving at this time, and incidentally free adviser to Mr. Butler in many ways. He was also, accidentally, a warm personal friend of the State treasurer.

      “How much of the loan do you want?”

      “Five million.”

      “Five million!” Butler sat up. “Man, what are you talking about? That's a good deal of money. Where are you going to sell all that?”

      “I want to bid for five million,” assuaged Cowperwood, softly. “I only want one million but I want the prestige of putting in a bona fide bid for five million. It will do me good on the street.”

      Butler sank back somewhat relieved.

      “Five million! Prestige! You want one million. Well, now, that's different. That's not such a bad idea. We ought to be able to get that.”

      He rubbed his chin some more and stared into the fire.

      And Cowperwood felt confident when he left the house that evening that Butler would not fail him but would set the wheels working. Therefore, he was not surprised, and knew exactly what it meant, when a few days later he was introduced to City Treasurer Julian Bode, who promised to introduce him to State Treasurer Van Nostrand and to see that his claims to consideration were put before the people. “Of course, you know,” he said to Cowperwood, in the presence of Butler, for it was at the latter's home that the conference took place, “this banking crowd is very powerful. You know who they are. They don't want any interference in this bond issue business. I was talking to Terrence Relihan, who represents them up there”—meaning Harrisburg, the State capital—“and he says they won't stand for it at all. You may have trouble right here in Philadelphia after you get it—they're pretty powerful, you know. Are you sure just where you can place it?”

      “Yes, I'm sure,” replied Cowperwood.

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