Chapter XVI

           ItwasnotlongafterthearrangementbetweenTreasurerStenerandCowperwoodhadbeenmadethatthemachineryforthecarryingoutofthatpolitical-financialrelationshipwasputinmotion.Thesumoftwohundredandtenthousanddollarsinsixpercent.interest-bearingcertificates,payableintenyears,wassetovertothecreditofCowperwood&Co.onthebooksofthecity,subjecttohisorder.Then,withproperlisting,hebegantoofferitinsmallamountsatmorethanninety,atthesametimecreatingtheimpressionthatitwasgoingtobeaprosperousinvestment.Thecertificatesgraduallyroseandwereunloadedinrisingamountsuntilonehundredwasreached,whenallthetwohundredthousanddollars’worthtwothousandcertificatesinallwasfedoutinsmalllots.Stenerwassatisfied.Twohundredshareshadbeencarriedforhimandsoldatonehundred,whichnettedhimtwothousanddollars.Itwasillegitimategain,unethical;buthisconsciencewasnotverymuchtroubledbythat.Hehadnone,truly.Hesawvisionsofahalcyonfuture.

           ItisdifficulttomakeperfectlyclearwhatasubtleandsignificantpowerthissuddenlyplacedinthehandsofCowperwood.Considerthathewasonlytwenty-eightnearingtwenty-nine.Imagineyourselfbynatureversedintheartsoffinance,capableofplayingwithsumsofmoneyintheformsofstocks,certificates,bonds,andcash,astheordinarymanplayswithcheckersorchess.

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