Финансист

Chapter XXI

           Stenerhadbroughtforward,representingactuallyinthebackgroundStrobik,Wycroft,andHarmon,wasanopeningwedgeforhimself.Stener’splanwastoloanhimmoneyoutofthecitytreasuryattwopercent.,or,ifhewouldwaiveallcommissions,fornothing(anagentforself-protectivepurposeswasabsolutelynecessary),andwithittakeovertheNorthPennsylvaniaCompany’slineonFrontStreet,which,becauseoftheshortnessofitslength,onemileandahalf,andthebrevityofthedurationofitsfranchise,wasneitherdoingverywellnorbeingratedveryhigh.Cowperwoodinreturnforhismanipulativeskillwastohaveafairproportionofthestocktwentypercent.StrobikandWycroftknewthepartiesfromwhomthebulkofthestockcouldbesecuredifengineeredproperly.Theirplanwasthen,withthisborrowedtreasurymoney,toextenditsfranchiseandthenthelineitself,andthenlateragain,byissuingagreatblockofstockandhypothecatingitwithafavoredbank,beabletoreturntheprincipaltothecitytreasuryandpockettheirprofitsfromthelineasearned.Therewasnotroubleinthis,insofarasCowperwoodwasconcerned,exceptthatitdividedthestockverybadlyamongthesevariousindividuals,andlefthimbutacomparativelysmallshareforhisthoughtandpains.

           ButCowperwoodwasanopportunist.Andbythistimehisfinancialmoralityhadbecomespecialandlocalinitscharacter.

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