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Panic

           "Iknowwheretherearefivehundredthousanddollarsofhisloansthathaven’tbeenmentionedhere.ColonelBallingerhastwohundredthousand.HemustoweAnthonyEwerallofthat.HeowestheDroversandTradersallofonehundredandfiftythousand."

           OnthebasisofthesesuggestionsArneelmadeamentalcalculation,andfoundthatCowperwoodwasindebtedapparentlytothetuneofaboutthreemilliondollarsoncall,ifnotmore.

           "Ihaven’tallthefacts,"hesaid,atlast,slowlyanddistinctly."Ifwecouldtalkwithsomeofthepresidentsofourbanksto-night,weshouldprobablyfindthatthereareotheritemsofwhichwedonotknow.Idonotliketobesevereonanyone,butourownsituationisserious.Unlesssomethingisdoneto-nightHull&Stackpolewillcertainlyfailinthemorning.Weare,ofcourse,obligatedtothevariousbanksforourloans,andweareinhonorboundtodoallwecanforthem.ThegoodnameofChicagoanditsrankasabankingcenteristoacertainextentinvolved.AsIhavealreadytoldMr.StackpoleandMr.Hull,IpersonallyhavegoneasfarasIcaninthismatter.Isupposeitisthesamewitheachofyou.Theonlyotherresourceswehaveunderthecircumstancesarethebanks,andthey,asIunderstandit,areprettymuchinvolvedwithstockonhypothecation.IknowatleastthatthisistrueoftheLakeCityandtheDouglasTrust."

           "It’strueofnearlyallofthem,"saidHand.BothSchryhartandMerrillnoddedassent.

           "WearenotobligatedtoMr.

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