Финансист

Chapter II

           HewouldtakehispayfromtheThirdNationalbrokeragecounterinpackagesofVirginia,Ohio,andwesternPennsylvaniabank-notesatpar,becausehemadehisdisbursementsprincipallyinthoseStates.TheThirdNationalwouldinthefirstplacerealizeaprofitoffromfourtofivepercent.ontheoriginaltransaction;andasittooktheWesternbank-notesatadiscount,italsomadeaprofitonthose.

           TherewasanothermanhisfathertalkedaboutoneFrancisJ.Grund,afamousnewspapercorrespondentandlobbyistatWashington,whopossessedthefacultyofunearthingsecretsofeverykind,especiallythoserelatingtofinanciallegislation.ThesecretsofthePresidentandtheCabinet,aswellasoftheSenateandtheHouseofRepresentatives,seemedtobeopentohim.Grundhadbeenabout,yearsbefore,purchasingthroughoneortwobrokerslargeamountsofthevariouskindsofTexasdebtcertificatesandbonds.TheRepublicofTexas,initsstruggleforindependencefromMexico,hadissuedbondsandcertificatesingreatvariety,amountinginvaluetotenorfifteenmilliondollars.Later,inconnectionwiththeschemetomakeTexasaStateoftheUnion,abillwaspassedprovidingacontributiononthepartoftheUnitedStatesoffivemilliondollars,tobeappliedtotheextinguishmentofthisolddebt.

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