The Financier. Theodore Dreiser

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The Financier - Theodore Dreiser

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of his associates about him.

      So the award was finally made; Cowperwood, after some private negotiations in which he met the officers of Drexel & Co., was paid his twenty thousand dollars and turned his share of the award over to them. New faces showed up in his office now from time to time—among them that of Van Nostrand and one Terrence Relihan, a representative of some other political forces at Harrisburg. He was introduced to the governor one day at lunch. His name was mentioned in the papers, and his prestige grew rapidly.

      Immediately he began working on plans with young Ellsworth for his new house. He was going to build something exceptional this time, he told Lillian. They were going to have to do some entertaining—entertaining on a larger scale than ever. North Front Street was becoming too tame. He put the house up for sale, consulted with his father and found that he also was willing to move. The son's prosperity had redounded to the credit of the father. The directors of the bank were becoming much more friendly to the old man. Next year President Kugel was going to retire. Because of his son's noted coup, as well as his long service, he was going to be made president. Frank was a large borrower from his father's bank. By the same token he was a large depositor. His connection with Edward Butler was significant. He sent his father's bank certain accounts which it otherwise could not have secured. The city treasurer became interested in it, and the State treasurer. Cowperwood, Sr., stood to earn twenty thousand a year as president, and he owed much of it to his son. The two families were now on the best of terms. Anna, now twenty-one, and Edward and Joseph frequently spent the night at Frank's house. Lillian called almost daily at his mother's. There was much interchange of family gossip, and it was thought well to build side by side. So Cowperwood, Sr., bought fifty feet of ground next to his son's thirty-five, and together they commenced the erection of two charming, commodious homes, which were to be connected by a covered passageway, or pergola, which could be inclosed with glass in winter.

      The most popular local stone, a green granite was chosen; but Mr. Ellsworth promised to present it in such a way that it would be especially pleasing. Cowperwood, Sr., decided that he could afford to spent seventy-five thousand dollars—he was now worth two hundred and fifty thousand; and Frank decided that he could risk fifty, seeing that he could raise money on a mortgage. He planned at the same time to remove his office farther south on Third Street and occupy a building of his own. He knew where an option was to be had on a twenty-five-foot building, which, though old, could be given a new brownstone front and made very significant. He saw in his mind's eye a handsome building, fitted with an immense plate-glass window; inside his hardwood fixtures visible; and over the door, or to one side of it, set in bronze letters, Cowperwood & Co. Vaguely but surely he began to see looming before him, like a fleecy tinted cloud on the horizon, his future fortune. He was to be rich, very, very rich.

       Table of Contents

      During all the time that Cowperwood had been building himself up thus steadily the great war of the rebellion had been fought almost to its close. It was now October, 1864. The capture of Mobile and the Battle of the Wilderness were fresh memories. Grant was now before Petersburg, and the great general of the South, Lee, was making that last brilliant and hopeless display of his ability as a strategist and a soldier. There had been times—as, for instance, during the long, dreary period in which the country was waiting for Vicksburg to fall, for the Army of the Potomac to prove victorious, when Pennsylvania was invaded by Lee—when stocks fell and commercial conditions were very bad generally. In times like these Cowperwood's own manipulative ability was taxed to the utmost, and he had to watch every hour to see that his fortune was not destroyed by some unexpected and destructive piece of news.

      His personal attitude toward the war, however, and aside from his patriotic feeling that the Union ought to be maintained, was that it was destructive and wasteful. He was by no means so wanting in patriotic emotion and sentiment but that he could feel that the Union, as it had now come to be, spreading its great length from the Atlantic to the Pacific and from the snows of Canada to the Gulf, was worth while. Since his birth in 1837 he had seen the nation reach that physical growth—barring Alaska—which it now possesses. Not so much earlier than his youth Florida had been added to the Union by purchase from Spain; Mexico, after the unjust war of 1848, had ceded Texas and the territory to the West. The boundary disputes between England and the United States in the far Northwest had been finally adjusted. To a man with great social and financial imagination, these facts could not help but be significant; and if they did nothing more, they gave him a sense of the boundless commercial possibilities which existed potentially in so vast a realm. His was not the order of speculative financial enthusiasm which, in the type known as the “promoter,” sees endless possibilities for gain in every unexplored rivulet and prairie reach; but the very vastness of the country suggested possibilities which he hoped might remain undisturbed. A territory covering the length of a whole zone and between two seas, seemed to him to possess potentialities which it could not retain if the States of the South were lost.

      At the same time, the freedom of the negro was not a significant point with him. He had observed that race from his boyhood with considerable interest, and had been struck with virtues and defects which seemed inherent and which plainly, to him, conditioned their experiences.

      He was not at all sure, for instance, that the negroes could be made into anything much more significant than they were. At any rate, it was a long uphill struggle for them, of which many future generations would not witness the conclusion. He had no particular quarrel with the theory that they should be free; he saw no particular reason why the South should not protest vigorously against the destruction of their property and their system. It was too bad that the negroes as slaves should be abused in some instances. He felt sure that that ought to be adjusted in some way; but beyond that he could not see that there was any great ethical basis for the contentions of their sponsors. The vast majority of men and women, as he could see, were not essentially above slavery, even when they had all the guarantees of a constitution formulated to prevent it. There was mental slavery, the slavery of the weak mind and the weak body. He followed the contentions of such men as Sumner, Garrison, Phillips, and Beecher, with considerable interest; but at no time could he see that the problem was a vital one for him. He did not care to be a soldier or an officer of soldiers; he had no gift for polemics; his mind was not of the disputatious order—not even in the realm of finance. He was concerned only to see what was of vast advantage to him, and to devote all his attention to that. This fratricidal war in the nation could not help him. It really delayed, he thought, the true commercial and financial adjustment of the country, and he hoped that it would soon end. He was not of those who complained bitterly of the excessive war taxes, though he knew them to be trying to many. Some of the stories of death and disaster moved him greatly; but, alas, they were among the unaccountable fortunes of life, and could not be remedied by him. So he had gone his way day by day, watching the coming in and the departing of troops, seeing the bands of dirty, disheveled, gaunt, sickly men returning from the fields and hospitals; and all he could do was to feel sorry. This war was not for him. He had taken no part in it, and he felt sure that he could only rejoice in its conclusion—not as a patriot, but as a financier. It was wasteful, pathetic, unfortunate.

      The months proceeded apace. A local election intervened and there was a new city treasurer, a new assessor of taxes, and a new mayor; but Edward Malia Butler continued to have apparently the same influence as before. The Butlers and the Cowperwoods had become quite friendly. Mrs. Butler rather liked Lillian, though they were of different religious beliefs; and they went driving or shopping together, the younger woman a little critical and ashamed of the elder because of her poor grammar, her Irish accent, her plebeian tastes—as though the Wiggins had not been as plebeian as any. On the other hand the old lady, as she was compelled to admit, was good-natured and good-hearted. She loved to give, since she had plenty, and sent presents here and there to Lillian, the children, and others. “Now youse must come over and take dinner with us”—the

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