Финансист

Chapter XXI

           Astheoldgentleman’smindhadbroadenedtothesignificanceofthelocalstreet-railwayprobleminPhiladelphia,hehaddecidedtocloseouthisothersecuritiesatsuchadvantageoustermsashecould,andreinvestthemoneyinlocallines.HeknewthatMollenhauerandSimpsonweredoingthis,andtheywereexcellentjudgesofthesignificanceoflocalaffairs.LikeCowperwood,hehadtheideathatifhecontrolledsufficientofthelocalsituationinthisfield,hecouldatlasteffectajointrelationshipwithMollenhauerandSimpson.Politicallegislation,advantageoustothecombinedlines,couldthenbesoeasilysecured.Franchisesandnecessaryextensionstoexistingfranchisescouldbeadded.Thisconversionofhisoutstandingstockinotherfields,andthepickingupofoddlotsinthelocalstreet-railway,wasthebusinessofCowperwood.Butler,throughhissons,OwenandCallum,wasalsobusyplanninganewlineandobtainingafranchise,sacrificing,ofcourse,greatblocksofstockandactualcashtoothers,inordertoobtainsufficientinfluencetohavethenecessarylegislationpassed.Yetitwasnoeasymatter,seeingthatothersknewwhatthegeneraladvantagesofthesituationwere,andbecauseofthisCowperwood,whosawthegreatsourceofprofithere,wasable,betimes,toservehimselfbuyingblocks,apartofwhichonlywenttoButler,Mollenhauerorothers.InshorthewasnotaseagertoserveButler,oranyoneelse,ashewastoservehimselfifhecould.

           Inthisconnection,theschemewhichGeorgeW.

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