I suddenly came to a full
stop. I found across my way this thought: "Isn't it strange that Langdon,
after humbling himself to you, should make this bold challenge? It's a
trap!"
"No more at present," said I, to my stenographer. "And don't write out what
I've already dictated."
I shut myself in and busied myself at the telephone. Half an hour after I
set my secret machinery in motion, a messenger brought me an envelop, the
address type-written. It contained a sheet of paper on which appeared, in
type-writing; these words, and nothing more:
"He is heavily short of Textiles."
It was indeed a trap. The new issue was a blind. He had challenged me to
attack his stock, and as soon as I did, he had begun secretly to sell it
for a fall. I worked at this new situation until midnight, trying to get
together the proofs. At that hour--for I could delay no longer, and my
proofs were not quite complete--I sent my newspapers two sentences:
"To-morrow I shall make a disclosure that will
send Textiles up. Do not sell Textiles!"
XXXIII. MRS. LANGDON MAKES A CALL.
Next day Langdon's stocks wavered, going up a little, going down a little,
closing at practically the same figures at which they had opened. Then I
sprang my sensation--that Langdon and his particular clique, though they
controlled the Textile Trust, did not own so much as one-fiftieth of its
voting stock. True "captains of industry" that they were, they made their
profits not out of dividends, but out of side schemes that absorbed about
two-thirds of the earnings of the Trust, and out of gambling in its bonds
and stocks. I said in conclusion:
"The largest owner of the stock is Walter G. Edmunds, of Chicago--an honest
man. Send your voting proxies to him, and he can take the Textile Company
away from those now plundering it."
As the annual election of the Trust was only six weeks away, Langdon
and his clique were in a panic. They rushed into the market and bought
frantically, the public bidding against them. Langdon himself went to
Chicago to reason with Edmunds--that is, to try to find out at what figure
he could be bought. And so on, day after day, I faithfully reporting to
the public the main occurrences behind the scenes. The Langdon attempt to
regain control by purchases of stock failed. He and his allies made what
must have been to them appalling sacrifices; but even at the high prices
they offered, comparatively little of the stock appeared.
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