“Well, that’s about all
then, I guess,” said Gretry at last, as he pushed
back his chair and rose from the table.
He and Jadwin were in a room on the
third floor of the Grand Pacific Hotel, facing Jackson
Street. It was three o’clock in the morning.
Both men were in their shirt-sleeves; the table at
which they had been sitting was scattered over with
papers, telegraph blanks, and at Jadwin’s elbow
stood a lacquer tray filled with the stumps of cigars
and burnt matches, together with one of the hotel pitchers
of ice water.
“Yes,” assented Jadwin,
absently, running through a sheaf of telegrams, “that’s
all we can do until we see what kind of
a game Crookes means to play. I’ll be at
your office by eight.”
“Well,” said the broker,
getting into his coat, “I guess I’ll go
to my room and try to get a little sleep. I wish
I could see how we’ll be to-morrow night at
this time.”
Jadwin made a sharp movement of impatience.
“Damnation, Sam, aren’t
you ever going to let up croaking? If you’re
afraid of this thing, get out of it. Haven’t
I got enough to bother me?”
“Oh, say! Say, hold on,
hold on, old man,” remonstrated the broker, in
an injured voice. “You’re terrible
touchy sometimes, J., of late. I was only trying
to look ahead a little. Don’t think I want
to back out. You ought to know me by this time,
J.”
“There, there, I’m sorry,
Sam,” Jadwin hastened to answer, getting up
and shaking the other by the shoulder. “I
am touchy these days. There’s so many things
to think of, and all at the same time. I do get
nervous. I never slept one little wink last night and
you know the night before I didn’t turn in till
two in the morning.”
“Lord, you go swearing and damning
’round here like a pirate sometimes, J.,”
Gretry went on. “I haven’t heard you
cuss before in twenty years. Look out, now, that
I don’t tell on you to your Sunday-school superintendents.”
“I guess they’d cuss,
too,” observed Jadwin, “if they were long
forty million wheat, and had to know just where every
hatful of it was every second of the time. It
was all very well for us to whoop about swinging a
corner that afternoon in your office. But the
real thing well, you don’t have any
trouble keeping awake. Do you suppose we can keep
the fact of our corner dark much longer?”
“I fancy not,” answered
the broker, putting on his hat and thrusting his papers
into his breast pocket. “If we bust Crookes,
it’ll come out and it won’t
matter then. I think we’ve got all the shorts
there are.”
“I’m laying particularly
for Dave Scannel,” remarked Jadwin. “I
hope he’s in up to his neck, and if he is, by
the Great Horn Spoon, I’ll bankrupt him, or
my name is not Jadwin! I’ll wring him bone-dry.
If I once get a twist of that rat, I won’t leave
him hide nor hair to cover the wart he calls his heart.”
“Why, what all has Scannel ever
done to you?” demanded the other, amazed.
“Nothing, but I found out the
other day that old Hargus poor old, broken-backed,
half-starved Hargus I found out that it
was Scannel that ruined him. Hargus and he had
a big deal on, you know oh, ages ago and
Scannel sold out on him. Great God, it was the
dirtiest, damnedest treachery I ever heard of!
Scannel made his pile, and what’s Hargus now?
Why, he’s a scarecrow. And he has a little
niece that he supports, heaven only knows how.
I’ve seen her, and she’s pretty as a picture.
Well, that’s all right; I’m going to carry
fifty thousand wheat for Hargus, and I’ve got
another scheme for him, too. By God, the poor
old boy won’t go hungry again if I know it!
But if I lay my hands on Scannel if we
catch him in the corner holy, suffering
Moses, but I’ll make him squeal!”
Gretry nodded, to say he understood and approved.
“I guess you’ve got him,”
he remarked. “Well, I must get to bed.
Good night, J.”
“Good night, Sam. See you in the morning.”
And before the door of the room was
closed, Jadwin was back at the table again. Once
more, painfully, toilfully, he went over his plans,
retesting, altering, recombining, his hands full of
lists, of despatches, and of endless columns of memoranda.
Occasionally he murmured fragments of sentences to
himself. “H’m ... I must look
out for that.... They can’t touch us there....
The annex of that Nickel Plate elevator will hold let’s
see ... half a million.... If I buy the grain
within five days after arrival I’ve got to pay
storage, which is, let’s see three-quarters
of a cent times eighty thousand....”
An hour passed. At length Jadwin
pushed back from the table, drank a glass of ice water,
and rose, stretching.
“Lord, I must get some sleep,” he muttered.
He threw off his clothes and went
to bed, but even as he composed himself to sleep,
the noises of the street in the awakening city invaded
the room through the chink of the window he had left
open. The noises were vague. They blended
easily into a far-off murmur; they came nearer; they
developed into a cadence:
“Wheat-wheat-wheat, wheat-wheat-wheat.”
Jadwin roused up. He had just
been dropping off to sleep. He rose and shut
the window, and again threw himself down. He was
weary to death; not a nerve of his body that did not
droop and flag. His eyes closed slowly.
Then, all at once, his whole body twitched sharply
in a sudden spasm, a simultaneous recoil of every
muscle. His heart began to beat rapidly, his
breath failed him. Broad awake, he sat up in bed.
“H’m!” he muttered.
“That was a start must have been dreaming,
surely.”
Then he paused, frowning, his eyes
narrowing; he looked to and fro about the room, lit
by the subdued glow that came in through the transom
from a globe in the hall outside. Slowly his hand
went to his forehead.
With almost the abruptness of a blow,
that strange, indescribable sensation had returned
to his head. It was as though he were struggling
with a fog in the interior of his brain; or again it
was a numbness, a weight, or sometimes it had more
of the feeling of a heavy, tight-drawn band across
his temples.
“Smoking too much, I guess,”
murmured Jadwin. But he knew this was not the
reason, and as he spoke, there smote across his face
the first indefinite sensation of an unnamed fear.
He gave a quick, short breath, and
straightened himself, passing his hands over his face.
“What the deuce,” he muttered, “does
this mean?”
For a long moment he remained sitting
upright in bed, looking from wall to wall of the room.
He felt a little calmer. He shrugged his shoulders
impatiently.
“Look here,” he said to
the opposite wall, “I guess I’m not a
schoolgirl, to have nerves at this late date.
High time to get to sleep, if I’m to mix things
with Crookes to-morrow.”
But he could not sleep. While
the city woke to its multitudinous life below his
windows, while the grey light of morning drowned the
yellow haze from the gas jet that came through the
transom, while the “early call” alarms
rang in neighbouring rooms, Curtis Jadwin lay awake,
staring at the ceiling, now concentrating his thoughts
upon the vast operation in which he found himself
engaged, following out again all its complexities,
its inconceivable ramifications, or now puzzling over
the inexplicable numbness, the queer, dull weight that
descended upon his brain so soon as he allowed its
activity to relax.
By five o’clock he found it
intolerable to remain longer in bed; he rose, bathed,
dressed, ordered his breakfast, and, descending to
the office of the hotel, read the earliest editions
of the morning papers for half an hour.
Then, at last, as he sat in the corner
of the office deep in an armchair, the tired shoulders
began to droop, the wearied head to nod. The
paper slipped from his fingers, his chin sank upon
his collar.
To his ears the early clamour of the
street, the cries of newsboys, the rattle of drays
came in a dull murmur. It seemed to him that very
far off a great throng was forming. It was menacing,
shouting. It stirred, it moved, it was advancing.
It came galloping down the street, shouting with insensate
fury; now it was at the corner, now it burst into the
entrance of the hotel. Its clamour was deafening,
but intelligible. For a thousand, a million,
forty million voices were shouting in cadence:
“Wheat-wheat-wheat, wheat-wheat-wheat.”
Jadwin woke abruptly, half starting
from his chair. The morning sun was coming in
through the windows; the clock above the hotel desk
was striking seven, and a waiter stood at his elbow,
saying:
“Your breakfast is served, Mr. Jadwin.”
He had no appetite. He could
eat nothing but a few mouthfuls of toast, and long
before the appointed hour he sat in Gretry’s
office, waiting for the broker to appear, drumming
on the arm of his chair, plucking at the buttons of
his coat, and wondering why it was that every now and
then all the objects in his range of vision seemed
to move slowly back and stand upon the same plane.
By degrees he lapsed into a sort of
lethargy, a wretched counterfeit of sleep, his eyes
half closed, his breath irregular. But, such as
it was, it was infinitely grateful. The little,
over-driven cogs and wheels of the mind, at least,
moved more slowly. Perhaps by and by this might
actually develop into genuine, blessed oblivion.
But there was a quick step outside
the door. Gretry came in.
“Oh, J.! Here already,
are you? Well, Crookes will begin to sell at the
very tap of the bell.”
“He will, hey?” Jadwin
was on his feet. Instantly the jaded nerves braced
taut again; instantly the tiny machinery of the brain
spun again at its fullest limit. “He’s
going to try to sell us out, is he? All right.
We’ll sell, too. We’ll see who can
sell the most Crookes or Jadwin.”
“Sell! You mean buy, of course.”
“No, I don’t. I’ve
been thinking it over since you left last night.
Wheat is worth exactly what it is selling for this
blessed day. I’ve not inflated it up one
single eighth yet; Crookes thinks I have. Good
Lord, I can read him like a book! He thinks I’ve
boosted the stuff above what it’s worth, and
that a little shove will send it down. He can
send it down to ten cents if he likes, but it’ll
jump back like a rubber ball. I’ll sell
bushel for bushel with him as long as he wants to
keep it up.”
“Heavens and earth, J.,”
exclaimed Gretry, with a long breath, “the risk
is about as big as holding up the Bank of England.
You are depreciating the value of about forty million
dollars’ worth of your property with every cent
she breaks.”
“You do as I tell you you’ll
see I’m right,” answered Jadwin. “Get
your boys in here, and we’ll give ’em the
day’s orders.”
The “Crookes affair” as
among themselves the group of men who centred about
Jadwin spoke of it was one of the sharpest
fights known on the Board of Trade for many a long
day. It developed with amazing unexpectedness
and was watched with breathless interest from every
produce exchange between the oceans.
It occupied every moment of each morning’s
session of the Board of Trade for four furious, never-to-be-forgotten
days. Promptly at half-past nine o’clock
on Tuesday morning Crookes began to sell May wheat
short, and instantly, to the surprise of every Pit
trader on the floor, the price broke with his very
first attack. In twenty minutes it was down half
a cent. Then came the really big surprise of the
day. Landry Court, the known representative of
the firm which all along had fostered and encouraged
the rise in the price, appeared in the Pit, and instead
of buying, upset all precedent and all calculation
by selling as freely as the Crookes men themselves.
For three days the battle went on. But to the
outside world even to the Pit itself it
seemed less a battle than a rout. The “Unknown
Bull” was down, was beaten at last. He
had inflated the price of the wheat, he had backed
a false, an artificial, and unwarrantable boom, and
now he was being broken. Ah Crookes knew when
to strike. Here was the great general the
real leader who so long had held back.
By the end of the Friday session,
Crookes and his clique had sold five million bushels,
“going short,” promising to deliver wheat
that they did not own, but expected to buy at low
prices. The market that day closed at ninety-five.
Friday night, in Jadwin’s room
in the Grand Pacific, a conference was held between
Gretry, Landry Court, two of Gretry’s most trusted
lieutenants, and Jadwin himself. Two results issued
from this conference. One took the form of a
cipher cable to Jadwin’s Liverpool agent, which,
translated, read: “Buy all wheat that is
offered till market advances one penny.”
The other was the general order issued to Landry Court
and the four other Pit traders for the Gretry-Converse
house, to the effect that in the morning they were
to go into the Pit and, making no demonstration, begin
to buy back the wheat they had been selling all the
week. Each of them was to buy one million bushels.
Jadwin had, as Gretry put it, “timed Crookes
to a split second,” foreseeing the exact moment
when he would make his supreme effort. Sure enough,
on that very Saturday Crookes was selling more freely
than ever, confident of breaking the Bull ere the
closing gong should ring.
But before the end of the morning
wheat was up two cents. Buying orders had poured
in upon the market. The price had stiffened almost
of itself. Above the indicator upon the great
dial there seemed to be an invisible, inexplicable
magnet that lifted it higher and higher, for all the
strenuous efforts of the Bears to drag it down.
A feeling of nervousness began to
prevail. The small traders, who had been wild
to sell short during the first days of the movement,
began on Monday to cover a little here and there.
“Now,” declared Jadwin
that night, “now’s the time to open up
all along the line hard. If we start her with
a rush to-morrow morning, she’ll go to a dollar
all by herself.”
Tuesday morning, therefore, the Gretry-Converse
traders bought another five million bushels.
The price under this stimulus went up with the buoyancy
of a feather. The little shorts, more and more
uneasy, and beginning to cover by the scores, forced
it up even higher.
The nervousness of the “crowd”
increased. Perhaps, after all, Crookes was not
so omnipotent. Perhaps, after all, the Unknown
Bull had another fight in him. Then the “outsiders”
came into the market. All in a moment all the
traders were talking “higher prices.”
Everybody now was as eager to buy as, a week before,
they had been eager to sell. The price went up
by convulsive bounds. Crookes dared not buy, dared
not purchase the wheat to make good his promises of
delivery, for fear of putting up the price on himself
higher still. Dismayed, chagrined, and humiliated,
he and his clique sat back inert, watching the tremendous
reaction, hoping against hope that the market would
break again.
But now it became difficult to get
wheat at all. All of a sudden nobody was selling.
The buyers in the Pit commenced to bid against each
other, offering a dollar and two cents. The wheat
did not “come out.” They bid a dollar
two and a half, a dollar two and five-eighths; still
no wheat. Frantic, they shook their fingers in
the very faces of Landry Court and the Gretry traders,
shouting: “A dollar, two and seven-eighths!
A dollar, three! Three and an eighth! A
quarter! Three-eighths! A half!” But
the others shook their heads. Except on extraordinary
advances of a whole cent at a time, there was no wheat
for sale.
At the last-named price Crookes acknowledged
defeat. Somewhere in his big machine a screw
had been loose. Somehow he had miscalculated.
So long as he and his associates sold and sold and
sold, the price would go down. The instant they
tried to cover there was no wheat for sale, and the
price leaped up again with an elasticity that no power
could control.
He saw now that he and his followers
had to face a loss of several cents a bushel on each
one of the five million they had sold. They had
not been able to cover one single sale, and the situation
was back again exactly as before his onslaught, the
Unknown Bull in securer control than ever before.
But Crookes had, at last, begun to
suspect the true condition of affairs, and now that
the market was hourly growing tighter and more congested,
his suspicion was confirmed. Alone, locked in
his private office, he thought it out, and at last
remarked to himself:
“Somebody has a great big line
of wheat that is not on the market at all. Somebody
has got all the wheat there is. I guess I know
his name. I guess the visible supply of May wheat
in the Chicago market is cornered.”
This was at a time when the price
stood at a dollar and one cent. Crookes who
from the first had managed and handled the operations
of his confederates knew very well that
if he now bought in all the wheat his clique had sold
short, the price would go up long before he could
complete the deal. He said nothing to the others,
further than that they should “hold on a little
longer, in the hopes of a turn,” but very quietly
he began to cover his own personal sales his
share of the five million sold by his clique.
Foreseeing the collapse of his scheme, he got out
of the market; at a loss, it was true, but still no
more than he could stand. If he “held on
a little longer, in the hopes of a turn,” there
was no telling how deep the Bull would gore him.
This was no time to think much about “obligations.”
It had got to be “every man for himself”
by now.
A few days after this Crookes sat
in his office in the building in La Salle Street that
bore his name. It was about eleven o’clock
in the morning. His dry, small, beardless face
creased a little at the corners of the mouth as he
heard the ticker chattering behind him. He knew
how the tape read. There had been another flurry
on the Board that morning, not half an hour since,
and wheat was up again. In the last thirty-six
hours it had advanced three cents, and he knew very
well that at that very minute the “boys”
on the floor were offering nine cents over the dollar
for the May option and not getting it.
The market was in a tumult. He fancied he could
almost hear the thunder of the Pit as it swirled.
All La Salle Street was listening and watching, all
Chicago, all the nation, all the world. Not a
“factor” on the London ’Change who
did not turn an ear down the wind to catch the echo
of this turmoil, not an agent de change in the peristyle
of the Paris Bourse, who did not strain to note the
every modulation of its mighty diapason.
“Well,” said the little
voice of the man-within-the-man, who in the person
of Calvin Hardy Crookes sat listening to the ticker
in his office, “well, let it roar. It sure
can’t hurt C. H. C.”
“Can you see Mr. Cressler?” said the clerk
at the door.
He came in with a hurried, unsteady
step. The long, stooping figure was unkempt;
was, in a sense, unjointed, as though some support
had been withdrawn. The eyes were deep-sunk,
the bones of the face were gaunt and bare; and from
moment to moment the man swallowed quickly and moistened
his lips.
Crookes nodded as his ally came up,
and one finger raised, pointed to a chair. He
himself was impassive, calm. He did not move.
Taciturn as ever, he waited for the other to speak.
“I want to talk with you, Mr.
Crookes,” began Cressler, hurriedly. “I I
made up my mind to it day before yesterday, but I put
it off. I had hoped that things would come our
way. But I can’t delay now.... Mr.
Crookes, I can’t stand this any longer.
I must get out of the clique. I haven’t
the ready money to stand this pace.”
There was a silence. Crookes
neither moved nor changed expression. His small
eyes fixed upon the other, he waited for Cressler to
go on.
“I might remind you,”
Cressler continued, “that when I joined your
party I expressly stipulated that our operations should
not be speculative.”
“You knew ” began Crookes.
“Oh, I have nothing to say,”
Cressler interrupted. “I did know.
I knew from the first it was to be speculation.
I tried to deceive myself. I well,
this don’t interest you. The point is I
must get out of the market. I don’t like
to go back on you others” Cressler’s
fingers were fiddling with his watch chain “I
don’t like to I mean to say you must
let me out. You must let me cover at
once. I am very nearly bankrupt now.
Another half-cent rise, and I’m done for.
It will take as it is my my all
my ready money all my savings for the last
ten years to buy in my wheat.”
“Let’s see. How much
did I sell for you?” demanded Crookes. “Five
hundred thousand?”
“Yes, five hundred thousand
at ninety-eight and we’re at a dollar
nine now. It’s an eleven-cent jump.
I I can’t stand another eighth.
I must cover at once.”
Crookes, without answering, drew his
desk telephone to him.
“Hello!” he said after
a moment. “Hello! ... Buy five hundred
May, at the market, right away.”
He hung up the receiver and leaned back in his chair.
“They’ll report the trade in a minute,”
he said. “Better wait and see.”
Cressler stood at the window, his
hands clasped behind his back, looking down into the
street. He did not answer. The seconds passed,
then the minutes. Crookes turned to his desk and
signed a few letters, the scrape of his pen the only
noise to break the silence of the room. Then
at last he observed:
“Pretty bum weather for this time of the year.”
Cressler nodded. He took off
his hat, and pushed the hair back from his forehead
with a slow, persistent gesture; then as the ticker
began to click again, he faced around quickly, and
crossing the room, ran the tape through his fingers.
“God,” he muttered, between
his teeth, “I hope your men didn’t lose
any time. It’s up again.”
There was a step at the door, and
as Crookes called to come in, the office messenger
entered and put a slip of paper into his hands.
Crookes looked at it, and pushed it across his desk
towards Cressler.
“Here you are,” he observed.
“That’s your trade. Five hundred May,
at a dollar ten. You were lucky to get it at
that or at any price.”
“Ten!” cried the other, as he took the
paper.
Crookes turned away again, and glanced
indifferently over his letters. Cressler laid
the slip carefully down upon the ledge of the desk,
and though Crookes did not look up, he could almost
feel how the man braced himself, got a grip of himself,
put all his resources to the stretch to meet this
blow squarely in the front.
“And I said another eighth would
bust me,” Cressler remarked, with a short laugh.
“Well,” he added, grimly, “it looks
as though I were busted. I suppose, though, we
must all expect to get the knife once in a while mustn’t
we? Well, there goes fifty thousand dollars of
my good money.”
“I can tell you who’s
got it, if you care to know,” answered Crookes.
“It’s a pewter quarter to Government bonds
that Gretry, Converse & Co. sold that wheat to you.
They’ve got about all the wheat there is.”
“I know, of course, they’ve
been heavy buyers for this Unknown Bull
they talk so much about.”
“Well, he ain’t Unknown
to me,” declared Crookes. “I know
him. It’s Curtis Jadwin. He’s
the man we’ve been fighting all along, and all
hell’s going to break loose down here in three
or four days. He’s cornered the market.”
“Jadwin! You mean J. Curtis my
friend?”
Crookes grunted an affirmative.
“But why, he told me he was out of
the market for good.”
Crookes did not seem to consider that
the remark called for any useless words. He put
his hands in his pockets and looked at Cressler.
“Does he know?” faltered
Cressler. “Do you suppose he could have
heard that I was in this clique of yours?”
“Not unless you told him yourself.”
Cressler stood up, clearing his throat.
“I have not told him, Mr. Crookes,”
he said. “You would do me an especial favor
if you would keep it from the public, from everybody,
from Mr. Jadwin, that I was a member of this ring.”
Crookes swung his chair around and faced his desk.
“Hell! You don’t suppose I’m
going to talk, do you?”
“Well.... Good-morning, Mr. Crookes.”
“Good-morning.”
Left alone, Crookes took a turn the
length of the room. Then he paused in the middle
of the floor, looking down thoughtfully at his trim,
small feet.
“Jadwin!” he muttered.
“Hm! ... Think you’re boss of the
boat now, don’t you? Think I’m done
with you, hey? Oh, yes, you’ll run a corner
in wheat, will you? Well, here’s a point
for your consideration Mr. Curtis Jadwin, ’Don’t
get so big that all the other fellows can see you they
throw bricks.’”
He sat down in his chair, and passed
a thin and delicate hand across his lean mouth.
“No,” he muttered, “I
won’t try to kill you any more. You’ve
cornered wheat, have you? All right....
Your own wheat, my smart Aleck, will do all the killing
I want.”
Then at last the news of the great
corner, authoritative, definite, went out over all
the country, and promptly the figure and name of Curtis
Jadwin loomed suddenly huge and formidable in the eye
of the public. There was no wheat on the Chicago
market. He, the great man, the “Napoleon
of La Salle Street,” had it all. He sold
it or hoarded it, as suited his pleasure. He
dictated the price to those men who must buy it of
him to fill their contracts. His hand was upon
the indicator of the wheat dial of the Board of Trade,
and he moved it through as many or as few of the degrees
of the circle as he chose.
The newspapers, not only of Chicago,
but of every city in the Union, exploited him for
“stories.” The history of his corner,
how he had effected it, its chronology, its results,
were told and retold, till his name was familiar in
the homes and at the firesides of uncounted thousands.
“Anecdotes” were circulated concerning
him, interviews concocted for the most
part in the editorial rooms were printed.
His picture appeared. He was described as a cool,
calm man of steel, with a cold and calculating grey
eye, “piercing as an eagle’s”; as
a desperate gambler, bold as a buccaneer, his eye black
and fiery a veritable pirate; as a mild,
small man with a weak chin and a deprecatory demeanour;
as a jolly and roistering “high roller,”
addicted to actresses, suppers, and to bathing in champagne.
In the Democratic press he was assailed
as little better than a thief, vituperated as an oppressor
of the people, who ground the faces of the poor, and
battened in the luxury wrung from the toiling millions.
The Republican papers spoke solemnly of the new era
of prosperity upon which the country was entering,
referred to the stimulating effect of the higher prices
upon capitalised industry, and distorted the situation
to an augury of a sweeping Republican victory in the
next Presidential campaign.
Day in and day out Gretry’s
office, where Jadwin now fixed his headquarters, was
besieged. Reporters waited in the anteroom for
whole half days to get but a nod and a word from the
great man. Promoters, inventors, small financiers,
agents, manufacturers, even “crayon artists”
and horse dealers, even tailors and yacht builders
rubbed shoulders with one another outside the door
marked “Private.”
Farmers from Iowa or Kansas come to
town to sell their little quotas of wheat at the prices
they once had deemed impossible, shook his hand on
the street, and urged him to come out and see “God’s
own country.”
But once, however, an entire deputation
of these wheat growers found their way into the sanctum.
They came bearing a presentation cup of silver, and
their spokesman, stammering and horribly embarrassed
in unwonted broadcloth and varnished boots, delivered
a short address. He explained that all through
the Middle West, all through the wheat belts, a great
wave of prosperity was rolling because of Jadwin’s
corner. Mortgages were being paid off, new and
improved farming implements were being bought, new
areas seeded new live stock acquired. The men
were buying buggies again, the women parlor melodeons,
houses and homes were going up; in short, the entire
farming population of the Middle West was being daily
enriched. In a letter that Jadwin received about
this time from an old fellow living in “Bates
Corners,” Kansas, occurred the words:
“ and, sir, you must
know that not a night passes that my little girl,
now going on seven, sir, and the brightest of her class
in the county seat grammar school, does not pray to
have God bless Mister Jadwin, who helped papa save
the farm.”
If there was another side, if the
brilliancy of his triumph yet threw a shadow behind
it, Jadwin could ignore it. It was far from him,
he could not see it. Yet for all this a story
came to him about this time that for long would not
be quite forgotten. It came through Corthell,
but very indirectly, passed on by a dozen mouths before
it reached his ears.
It told of an American, an art student,
who at the moment was on a tramping tour through the
north of Italy. It was an ugly story. Jadwin
pished and pshawed, refusing to believe it, condemning
it as ridiculous exaggeration, but somehow it appealed
to an uncompromising sense of the probable; it rang
true.
“And I met this boy,”
the student had said, “on the high road, about
a kilometre outside of Arezzo. He was a fine
fellow of twenty or twenty-two. He knew nothing
of the world. England he supposed to be part
of the mainland of Europe. For him Cavour and
Mazzini were still alive. But when I announced
myself American, he roused at once.
“‘Ah, American,’
he said. ’We know of your compatriot, then,
here in Italy this Jadwin of Chicago, who
has bought all the wheat. We have no more bread.
The loaf is small as the fist, and costly. We
cannot buy it, we have no money. For myself,
I do not care. I am young. I can eat lentils
and cress. But’ and here his voice was a
whisper ’but my mother my
mother!’”
“It’s a lie!” Jadwin
cried. “Of course it’s a lie.
Good God, if I were to believe every damned story
the papers print about me these days I’d go
insane.”
Yet when he put up the price of wheat
to a dollar and twenty cents, the great flour mills
of Minnesota and Wisconsin stopped grinding, and finding
a greater profit in selling the grain than in milling
it, threw their stores upon the market. Though
the bakers did not increase the price of their bread
as a consequence of this, the loaf even
in Chicago, even in the centre of that great Middle
West that weltered in the luxury of production was
smaller, and from all the poorer districts of the
city came complaints, protests, and vague grumblings
of discontent.
On a certain Monday, about the middle
of May, Jadwin sat at Gretry’s desk (long since
given over to his use), in the office on the ground
floor of the Board of Trade, swinging nervously back
and forth in the swivel chair, drumming his fingers
upon the arms, and glancing continually at the clock
that hung against the opposite wall. It was about
eleven in the morning. The Board of Trade vibrated
with the vast trepidation of the Pit, that for two
hours had spun and sucked, and guttered and disgorged
just overhead. The waiting-room of the office
was more than usually crowded. Parasites of every
description polished the walls with shoulder and elbow.
Millionaires and beggars jostled one another about
the doorway. The vice-president of a bank watched
the door of the private office covertly; the traffic
manager of a railroad exchanged yarns with a group
of reporters while awaiting his turn.
As Gretry, the great man’s lieutenant,
hurried through the anteroom, conversation suddenly
ceased, and half a dozen of the more impatient sprang
forward. But the broker pushed his way through
the crowd, shaking his head, excusing himself as best
he might, and entering the office, closed the door
behind him.
At the clash of the lock Jadwin started
half-way from his chair, then recognising the broker,
sank back with a quick breath.
“Why don’t you knock,
or something, Sam?” he exclaimed. “Might
as well kill a man as scare him to death. Well,
how goes it?”
“All right. I’ve
fixed the warehouse crowd and we just about
‘own’ the editorial and news sheets of
these papers.” He threw a memorandum down
upon the desk. “I’m off again now.
Got an appointment with the Northwestern crowd in
ten minutes. Has Hargus or Scannel shown up yet?”
“Hargus is always out in your
customers’ room,” answered Jadwin.
“I can get him whenever I want him. But
Scannel has not shown up yet. I thought when
we put up the price again Friday we’d bring him
in. I thought you’d figured out that he
couldn’t stand that rise.”
“He can’t stand it,”
answered Gretry. “He’ll be in to see
you to-morrow or next day.”
“To-morrow or next day won’t
do,” answered Jadwin. “I want to put
the knife into him to-day. You go up there on
the floor and put the price up another cent.
That will bring him, or I’ll miss my guess.”
Gretry nodded. “All right,”
he said, “it’s your game. Shall I
see you at lunch?”
“Lunch! I can’t eat.
But I’ll drop around and hear what the Northwestern
people had to say to you.”
A few moments after Gretry had gone
Jadwin heard the ticker on the other side of the room
begin to chatter furiously; and at the same time he
could fancy that the distant thunder of the Pit grew
suddenly more violent, taking on a sharper, shriller
note. He looked at the tape. The one-cent
rise had been effected.
“You will hold out, will you,
you brute?” muttered Jadwin. “See
how you like that now.” He took out his
watch. “You’ll be running in to me
in just about ten minutes’ time.”
He turned about, and calling a clerk,
gave orders to have Hargus found and brought to him.
When the old fellow appeared Jadwin
jumped up and gave him his hand as he came slowly
forward.
His rusty top hat was in his hand;
from the breast pocket of his faded and dirty frock
coat a bundle of ancient newspapers protruded.
His shoestring tie straggled over his frayed shirt
front, while at his wrist one of his crumpled cuffs,
detached from the sleeve, showed the bare, thin wrist
between cloth and linen, and encumbered the fingers
in which he held the unlit stump of a fetid cigar.
Evidently bewildered as to the cause
of this summons, he looked up perplexed at Jadwin
as he came up, out of his dim, red-lidded eyes.
“Sit down, Hargus. Glad to see you,”
called Jadwin.
“Hey?”
The voice was faint and a little querulous.
“I say, sit down. Have
a chair. I want to have a talk with you.
You ran a corner in wheat once yourself.”
“Oh.... Wheat.”
“Yes, your corner. You remember?”
“Yes. Oh, that was long
ago. In seventy-eight it was the September
option. And the Board made wheat in the cars ‘regular.’”
His voice trailed off into silence,
and he looked vaguely about on the floor of the room,
sucking in his cheeks, and passing the edge of one
large, osseous hand across his lips.
“Well, you lost all your money
that time, I believe. Scannel, your partner,
sold out on you.”
“Hey? It was in seventy-eight....
The secretary of the Board announced our suspension
at ten in the morning. If the Board had not voted
to make wheat in the cars ’regular’ ”
He went on and on, in an impassive
monotone, repeating, word for word, the same phrases
he had used for so long that they had lost all significance.
“Well,” broke in Jadwin,
at last, “it was Scannel your partner, did for
you. Scannel, I say. You know, Dave Scannel.”
The old man looked at him confusedly.
Then, as the name forced itself upon the atrophied
brain, there flashed, for one instant, into the pale,
blurred eye, a light, a glint, a brief, quick spark
of an old, long-forgotten fire. It gleamed there
an instant, but the next sank again.
Plaintively, querulously he repeated:
“It was in seventy-eight.... I lost three
hundred thousand dollars.”
“How’s your little niece getting on?”
at last demanded Jadwin.
“My little niece you
mean Lizzie? ... Well and happy, well and happy.
I I got” he drew a thick
bundle of dirty papers from his pocket, envelopes,
newspapers, circulars, and the like “I I I
got, I got her picture here somewheres.”
“Yes, yes, I know, I know,”
cried Jadwin. “I’ve seen it.
You showed it to me yesterday, you remember.”
“I I got it here
somewheres ... somewheres,” persisted the old
man, fumbling and peering, and as he spoke the clerk
from the doorway announced:
“Mr. Scannel.”
This latter was a large, thick man,
red-faced, with white, short whiskers of an almost
wiry texture. He had a small, gimlet-like eye,
enormous, hairy ears, wore a “sack” suit,
a highly polished top hat, and entered the office
with a great flourish of manner and a defiant trumpeting
“Well, how do, Captain?”
Jadwin nodded, glancing up under his scowl.
“Hello!” he said.
The other subsided into a chair, and returned scowl
for scowl.
“Oh, well,” he muttered, “if that’s
your style.”
He had observed Hargus sitting by
the other side of the desk, still fumbling and mumbling
in his dirty memoranda, but he gave no sign of recognition.
There was a moment’s silence, then in a voice
from which all the first bluffness was studiously
excluded, Scannel said:
“Well, you’ve rung the
bell on me. I’m a sucker. I know it.
I’m one of the few hundred other God-damned
fools that you’ve managed to catch out shooting
snipe. Now what I want to know is, how much is
it going to cost me to get out of your corner?
What’s the figure? What do you say?”
“I got a good deal to say,” remarked Jadwin,
scowling again.
But Hargus had at last thrust a photograph into his
hands.
“There it is,” he said. “That’s
it. That’s Lizzie.”
Jadwin took the picture without looking
at it, and as he continued to speak, held it in his
fingers, and occasionally tapped it upon the desk.
“I know. I know, Hargus,”
he answered. “I got a good deal to say,
Mr. David Scannel. Do you see this old man here?”
“Oh-h, cut it out!” growled the other.
“It’s Hargus. You
know him very well. You used to know him better.
You and he together tried to swing a great big deal
in September wheat once upon a time. Hargus!
I say, Hargus!”
The old man looked up.
“Here’s the man we were
talking about, Scannel, you remember. Remember
Dave Scannel, who was your partner in seventy-eight?
Look at him. This is him now. He’s
a rich man now. Remember Scannel?”
Hargus, his bleared old eyes blinking
and watering, looked across the desk at the other.
“Oh, what’s the game?”
exclaimed Scannel. “I ain’t here on
exhibition, I guess. I ”
But he was interrupted by a sharp,
quick gasp that all at once issued from Hargus’s
trembling lips. The old man said no word, but
he leaned far forward in his chair, his eyes fixed
upon Scannel, his breath coming short, his fingers
dancing against his chin.
“Yes, that’s him, Hargus,”
said Jadwin. “You and he had a big deal
on your hands a long time ago,” he continued,
turning suddenly upon Scannel, a pulse in his temple
beginning to beat. “A big deal, and you
sold him out.”
“It’s a lie!” cried the other.
Jadwin beat his fist upon the arm
of his chair. His voice was almost a shout as
he answered:
“You sold him out.
I know you. I know the kind of bug you are.
You ruined him to save your own dirty hide, and all
his life since poor old Hargus has been living off
the charity of the boys down here, pinched and hungry
and neglected, and getting on, God knows how; yes,
and supporting his little niece, too, while you, you
have been loafing about your clubs, and sprawling
on your steam yachts, and dangling round after your
kept women on the money you stole from him.”
Scannel squared himself in his chair,
his little eyes twinkling.
“Look here,” he cried,
furiously, “I don’t take that kind of talk
from the best man that ever wore shoe-leather.
Cut it out, understand? Cut it out.”
Jadwin’s lower jaw set with
a menacing click; aggressive, masterful, he leaned
forward.
“You interrupt me again,”
he declared, “and you’ll go out of that
door a bankrupt. You listen to me and take my
orders. That’s what you’re here to-day
for. If you think you can get your wheat somewheres
else, suppose you try.”
Scannel sullenly settled himself in
his place. He did not answer. Hargus, his
eye wandering again, looked distressfully from one
to the other. Then Jadwin, after shuffling among
the papers of his desk, fixed a certain memorandum
with his glance. All at once, whirling about and
facing the other, he said quickly:
“You are short to our firm two
million bushels at a dollar a bushel.”
“Nothing of the sort,”
cried the other. “It’s a million and
a half.”
Jadwin could not forbear a twinkle
of grim humour as he saw how easily Scannel had fallen
into the trap.
“You’re short a million
and a half, then,” he repeated. “I’ll
let you have six hundred thousand of it at a dollar
and a half a bushel.”
“A dollar and a half! Why,
my God, man! Oh well” Scannel
spread out his hands nonchalantly “I
shall simply go into bankruptcy just as
you said.”
“Oh, no, you won’t,”
replied Jadwin, pushing back and crossing his legs.
“I’ve had your financial standing computed
very carefully, Mr. Scannel. You’ve got
the ready money. I know what you can stand without
busting, to the fraction of a cent.”
“Why, it’s ridiculous.
That handful of wheat will cost me three hundred thousand
dollars.”
“Pre-cisely.”
And then all at once Scannel surrendered.
Stony, imperturbable, he drew his check book from
his pocket.
“Make it payable to bearer,” said Jadwin.
The other complied, and Jadwin took
the check and looked it over carefully.
“Now,” he said, “watch
here, Dave Scannel. You see this check? And
now,” he added, thrusting it into Hargus’s
hands, “you see where it goes. There’s
the principal of your debt paid off.”
“The principal?”
“You haven’t forgotten
the interest, have you? won’t compound it, because
that might bust you. But six per cent interest
on three hundred thousand since 1878, comes to let’s
see three hundred and sixty thousand dollars.
And you still owe me nine hundred thousand bushels
of wheat.” He ciphered a moment on a sheet
of note paper. “If I charge you a dollar
and forty a bushel for that wheat, it will come to
that sum exactly.... Yes, that’s correct.
I’ll let you have the balance of that wheat
at a dollar forty. Make the check payable to bearer
as before.”
For a second Scannel hesitated, his
face purple, his teeth grinding together, then muttering
his rage beneath his breath, opened his check book
again.
“Thank you,” said Jadwin as he took the
check.
He touched his call bell.
“Kinzie,” he said to the
clerk who answered it, “after the close of the
market to-day send delivery slips for a million and
a half wheat to Mr. Scannel. His account with
us has been settled.”
Jadwin turned to the old man, reaching out the second
check to him.
“Here you are, Hargus.
Put it away carefully. You see what it is, don’t
you? Buy your Lizzie a little gold watch with
a hundred of it, and tell her it’s from Curtis
Jadwin, with his compliments.... What, going,
Scannel? Well, good-by to you, sir, and hey!”
he called after him, “please don’t slam
the door as you go out.”
But he dodged with a defensive gesture
as the pane of glass almost leaped from its casing,
as Scannel stormed across the threshold.
Jadwin turned to Hargus, with a solemn wink.
“He did slam it after all, didn’t he?”
The old fellow, however, sat fingering
the two checks in silence. Then he looked up
at Jadwin, scared and trembling.
“I I don’t
know,” he murmured, feebly. “I am
a very old man. This this is a great
deal of money, sir. I I can’t
say; I I don’t know. I’m
an old man ... an old man.”
“You won’t lose ’em, now?”
“No, no. I’ll deposit
them at once in the Illinois Trust. I shall ask I
should like.”
“I’ll send a clerk with you.”
“Yes, yes, that is about what what
I what I was about to suggest. But
I must say, Mr. Jadwin ”
He began to stammer his thanks.
But Jadwin cut him off. Rising, he guided Hargus
to the door, one hand on his shoulder, and at the
entrance to the outer office called a clerk.
“Take Mr. Hargus over to the
Illinois Trust, Kinzie, and introduce him. He
wants to open an account.”
The old man started off with the clerk,
but before Jadwin had reseated himself at his desk
was back again. He was suddenly all excitement,
as if a great idea had abruptly taken possession of
him. Stealthy, furtive, he glanced continually
over his shoulder as he spoke, talking in whispers,
a trembling hand shielding his lips.
“You you are in you
are in control now,” he said. “You
could give hey? You could give me just
a little just one word. A word would
be enough, hey? hey? Just a little tip. My
God, I could make fifty dollars by noon.”
“Why, man, I’ve just given you about half
a million.”
“Half a million? I don’t
know. But” he plucked Jadwin
tremulously by the sleeve “just a
word,” he begged. “Hey, just yes or
no.”
“Haven’t you enough with those two checks?”
“Those checks? Oh, I know,
I know, I know I’ll salt ’em down.
Yes, in the Illinois Trust. I won’t touch
’em not those. But just a little
tip now, hey?”
“Not a word. Not a word. Take him
along, Kinzie.”
One week after this Jadwin sold, through
his agents in Paris, a tremendous line of “cash”
wheat at a dollar and sixty cents the bushel.
By now the foreign demand was a thing almost insensate.
There was no question as to the price. It was,
“Give us the wheat, at whatever cost, at whatever
figure, at whatever expense; only that it be rushed
to our markets with all the swiftness of steam and
steel.” At home, upon the Chicago Board
of Trade, Jadwin was as completely master of the market
as of his own right hand. Everything stopped when
he raised a finger; everything leaped to life with
the fury of obsession when he nodded his head.
His wealth increased with such stupefying rapidity,
that at no time was he able to even approximate the
gains that accrued to him because of his corner.
It was more than twenty million, and less than fifty
million. That was all he knew. Nor were the
everlasting hills more secure than he from the attack
of any human enemy. Out of the ranks of the conquered
there issued not so much as a whisper of hostility.
Within his own sphere no Czar, no satrap, no Cæsar
ever wielded power more resistless.
“Sam,” said Curtis Jadwin,
at length to the broker, “Sam, nothing in the
world can stop me now. They think I’ve been
doing something big, don’t they, with this corner.
Why, I’ve only just begun. This is just
a feeler. Now I’m going to let ’em
know just how big a gun C. J. really is. I’m
going to swing this deal right over into July.
I’m going to buy in my July shorts.”
The two men were in Gretry’s
office as usual, and as Jadwin spoke, the broker glanced
up incredulously.
“Now you are for sure crazy.”
Jadwin jumped to his feet.
“Crazy!” he vociferated.
“Crazy! What do you mean? Crazy!
For God’s sake, Sam, what Look here,
don’t use that word to me. I it
don’t suit. What I’ve done isn’t
exactly the work of of takes
brains, let me tell you. And look here, look
here, I say, I’m going to swing this deal right
over into July. Think I’m going to let go
now, when I’ve just begun to get a real grip
on things? A pretty fool I’d look like to
get out now even if I could. Get out?
How are we going to unload our big line of wheat without
breaking the price on us? No, sir, not much.
This market is going up to two dollars.”
He smote a knee with his clinched fist, his face going
abruptly crimson. “I say two dollars,”
he cried. “Two dollars, do you hear?
It will go there, you’ll see, you’ll see.”
“Reports on the new crop will
begin to come in in June.” Gretry’s
warning was almost a cry. “The price of
wheat is so high now, that God knows how many farmers
will plant it this spring. You may have to take
care of a record harvest.”
“I know better,” retorted
Jadwin. “I’m watching this thing.
You can’t tell me anything about it. I’ve
got it all figured out, your ’new crop.’”
“Well, then you’re the Lord Almighty himself.”
“I don’t like that kind
of joke. I don’t like that kind of joke.
It’s blasphemous,” exclaimed Jadwin.
“Go, get it off on Crookes. He’d
appreciate it, but I don’t. But this new
crop now look here.”
And for upwards of two hours Jadwin
argued and figured, and showed to Gretry endless tables
of statistics to prove that he was right.
But at the end Gretry shook his head.
Calmly and deliberately he spoke his mind.
“J., listen to me. You’ve
done a big thing. I know it, and I know, too,
that there’ve been lots of times in the last
year or so when I’ve been wrong and you’ve
been right. But now, J., so help me God, we’ve
reached our limit. Wheat is worth a dollar and
a half to-day, and not one cent more. Every eighth
over that figure is inflation. If you run it up
to two dollars ”
“It will go there of itself, I tell you.”
“ if you run it up
to two dollars, it will be that top-heavy, that the
littlest kick in the world will knock it over.
Be satisfied now with what you got. J., it’s
common sense. Close out your long line of May,
and then stop. Suppose the price does break a
little, you’d still make your pile. But
swing this deal over into July, and it’s ruin,
ruin. I may have been mistaken before, but I
know I’m right now. And do you realise,
J., that yesterday in the Pit there were some short
sales? There’s some of them dared to go
short of wheat against you even at the
very top of your corner and there was more
selling this morning. You’ve always got
to buy, you know. If they all began to sell to
you at once they’d bust you. It’s
only because you’ve got ’em so scared I
believe that keeps ’em from it.
But it looks to me as though this selling proved that
they were picking up heart. They think they can
get the wheat from the farmers when harvesting begins.
And I tell you, J., you’ve put the price of
wheat so high, that the wheat areas are extending
all over the country.”
“You’re scared,”
cried Jadwin. “That’s the trouble
with you, Sam. You’ve been scared from
the start. Can’t you see, man, can’t
you see that this market is a regular tornado?”
“I see that the farmers all
over the country are planting wheat as they’ve
never planted it before. Great Scott, J., you’re
fighting against the earth itself.”
“Well, we’ll fight it,
then. I’ll stop those hayseeds. What
do I own all these newspapers and trade journals for?
We’ll begin sending out reports to-morrow that’ll
discourage any big wheat planting.”
“And then, too,” went
on Gretry, “here’s another point.
Do you know, you ought to be in bed this very minute.
You haven’t got any nerves left at all.
You acknowledge yourself that you don’t sleep
any more. And, good Lord, the moment any one
of us contradicts you, or opposes you, you go off
the handle to beat the Dutch. I know it’s
a strain, old man, but you want to keep yourself in
hand if you go on with this thing. If you should
break down now well, I don’t like
to think of what would happen. You ought to see
a doctor.”
“Oh-h, fiddlesticks,”
exclaimed Jadwin, “I’m all right.
I don’t need a doctor, haven’t time to
see one anyhow. Don’t you bother about me.
I’m all right.”
Was he? That same night, the
first he had spent under his own roof for four days,
Jadwin lay awake till the clocks struck four, asking
himself the same question. No, he was not all
right. Something was very wrong with him, and
whatever it might be, it was growing worse. The
sensation of the iron clamp about his head was almost
permanent by now, and just the walk between his room
at the Grand Pacific and Gretry’s office left
him panting and exhausted. Then had come vertigoes
and strange, inexplicable qualms, as if he were in
an elevator that sank under him with terrifying rapidity.
Going to and fro in La Salle Street,
or sitting in Gretry’s office, where the roar
of the Pit dinned forever in his ears, he could forget
these strange symptoms. It was the night he dreaded the
long hours he must spend alone. The instant the
strain was relaxed, the gallop of hoofs, or as the
beat of ungovernable torrents began in his brain.
Always the beat dropped to the same cadence, always
the pulse spelled out the same words:
“Wheat-wheat-wheat, wheat-wheat-wheat.”
And of late, during the long and still
watches of the night, while he stared at the ceiling,
or counted the hours that must pass before his next
dose of bromide of potassium, a new turn had been given
to the screw.
This was a sensation, the like of
which he found it difficult to describe. But
it seemed to be a slow, tense crisping of every tiniest
nerve in his body. It would begin as he lay in
bed counting interminably to get himself
to sleep between his knees and ankles, and
thence slowly spread to every part of him, creeping
upward, from loin to shoulder, in a gradual wave of
torture that was not pain, yet infinitely worse.
A dry, pringling aura as of billions of minute electric
shocks crept upward over his flesh, till it reached
his head, where it seemed to culminate in a white
flash, which he felt rather than saw.
His body felt strange and unfamiliar
to him. It seemed to have no weight, and at times
his hands would appear to swell swiftly to the size
of mammoth boxing-gloves, so that he must rub them
together to feel that they were his own.
He put off consulting a doctor from
day to day, alleging that he had not the time.
But the real reason, though he never admitted it, was
the fear that the doctor might tell him what he guessed
to be the truth.
Were his wits leaving him? The
horror of the question smote through him like the
drive of a javelin. What was to happen? What
nameless calamity impended?
“Wheat-wheat-wheat, wheat-wheat-wheat.”
His watch under his pillow took up
the refrain. How to grasp the morrow’s
business, how control the sluice gates of that torrent
he had unchained, with this unspeakable crumbling
and disintegrating of his faculties going on?
Jaded, feeble, he rose to meet another
day. He drove down town, trying not to hear the
beat of his horses’ hoofs. Dizzy and stupefied,
he gained Gretry’s office, and alone with his
terrors sat in the chair before his desk, waiting,
waiting.
Then far away the great gong struck.
Just over his head, penetrating wood and iron, he
heard the mighty throe of the Pit once more beginning,
moving. And then, once again, the limp and ravelled
fibres of being grew tight with a wrench. Under
the stimulus of the roar of the maelstrom, the flagging,
wavering brain righted itself once more, and how,
he himself could not say the business of
the day was despatched, the battle was once more urged.
Often he acted upon what he knew to be blind, unreasoned
instinct. Judgment, clear reasoning, at times,
he felt, forsook him. Decisions that involved
what seemed to be the very stronghold of his situation,
had to be taken without a moment’s warning.
He decided for or against without knowing why.
Under his feet fissures opened. He must take
the leap without seeing the other edge. Somehow
he always landed upon his feet; somehow his great,
cumbersome engine, lurching, swaying, in spite of loosened
joints, always kept the track.
Luck, his golden goddess, the genius
of glittering wings, was with him yet. Sorely
tried, flouted even she yet remained faithful, lending
a helping hand to lost and wandering judgment.
So the month of May drew to its close.
Between the twenty-fifth and the thirtieth Jadwin
covered his July shortage, despite Gretry’s protests
and warnings. To him they seemed idle enough.
He was too rich, too strong now to fear any issue.
Daily the profits of the corner increased. The
unfortunate shorts were wrung dry and drier. In
Gretry’s office they heard their sentences,
and as time went on, and Jadwin beheld more and more
of these broken speculators, a vast contempt for human
nature grew within him.
Some few of his beaten enemies were
resolute enough, accepting defeat with grim carelessness,
or with sphinx-like indifference, or even with airy
jocularity. But for the most part their alert,
eager deference, their tame subservience, the abject
humility and debasement of their bent shoulders drove
Jadwin to the verge of self-control. He grew to
detest the business; he regretted even the defiant
brutality of Scannel, a rascal, but none the less
keeping his head high. The more the fellows cringed
to him, the tighter he wrenched the screw. In
a few cases he found a pleasure in relenting entirely,
selling his wheat to the unfortunates at a price that
left them without loss; but in the end the business
hardened his heart to any distress his mercilessness
might entail. He took his profits as a Bourbon
took his taxes, as if by right of birth. Somewhere,
in a long-forgotten history of his brief school days,
he had come across a phrase that he remembered now,
by some devious and distant process of association,
and when he heard of the calamities that his campaign
had wrought, of the shipwrecked fortunes and careers
that were sucked down by the Pit, he found it possible
to say, with a short laugh, and a lift of one shoulder:
"Vae victis."
His wife he saw but seldom. Occasionally
they breakfasted together; more often they met at
dinner. But that was all. Jadwin’s
life by now had come to be so irregular, and his few
hours of sleep so precious and so easily disturbed,
that he had long since occupied a separate apartment.
What Laura’s life was at this
time he no longer knew. She never spoke of it
to him; never nowadays complained of loneliness.
When he saw her she appeared to be cheerful.
But this very cheerfulness made him uneasy, and at
times, through the murk of the chaff of wheat, through
the bellow of the Pit, and the crash of collapsing
fortunes there reached him a suspicion that all was
not well with Laura.
Once he had made an abortive attempt
to break from the turmoil of La Salle Street and the
Board of Trade, and, for a time at least, to get back
to the old life they both had loved to get
back, in a word, to her. But the consequences
had been all but disastrous. Now he could not
keep away.
“Corner wheat!” he had
exclaimed to her, the following day. “Corner
wheat! It’s the wheat that has cornered
me. It’s like holding a wolf by the ears,
bad to hold on, but worse to let go.”
But absorbed, blinded, deafened by
the whirl of things, Curtis Jadwin could not see how
perilously well grounded had been his faint suspicion
as to Laura’s distress.
On the day after her evening with
her husband in the art gallery, the evening when Gretry
had broken in upon them like a courier from the front,
Laura had risen from her bed to look out upon a world
suddenly empty.
Corthell she had sent from her forever.
Jadwin was once more snatched from her side.
Where, now, was she to turn? Jadwin had urged
her to go to the country to their place
at Geneva Lake but she refused. She
saw the change that had of late come over her husband,
saw his lean face, the hot, tired eyes, the trembling
fingers and nervous gestures. Vaguely she imagined
approaching disaster. If anything happened to
Curtis, her place was at his side.
During the days that Jadwin and Crookes
were at grapples Laura found means to occupy her mind
with all manner of small activities. She overhauled
her wardrobe, planned her summer gowns, paid daily
visits to her dressmakers, rode and drove in the park,
till every turn of the roads, every tree, every bush
was familiar, to the point of wearisome contempt.
Then suddenly she began to indulge
in a mania for old books and first editions.
She haunted the stationers and second-hand bookstores,
studied the authorities, followed the auctions, and
bought right and left, with reckless extravagance.
But the taste soon palled upon her. With so much
money at her command there was none of the spice of
the hunt in the affair. She had but to express
a desire for a certain treasure, and forthwith it
was put into her hand.
She found it so in all other things.
Her desires were gratified with an abruptness that
killed the zest of them. She felt none of the
joy of possession; the little personal relation between
her and her belongings vanished away. Her gowns,
beautiful beyond all she had ever imagined, were of
no more interest to her than a drawerful of outworn
gloves. She bought horses till she could no longer
tell them apart; her carriages crowded three supplementary
stables in the neighbourhood. Her flowers, miracles
of laborious cultivation, filled the whole house with
their fragrance. Wherever she went deference
moved before her like a guard; her beauty, her enormous
wealth, her wonderful horses, her exquisite gowns
made of her a cynosure, a veritable queen.
And hardly a day passed that Laura
Jadwin, in the solitude of her own boudoir, did not
fling her arms wide in a gesture of lassitude and
infinite weariness, crying out:
“Oh, the ennui and stupidity of all this wretched
life!”
She could look forward to nothing.
One day was like the next. No one came to see
her. For all her great house and for all her money,
she had made but few friends. Her “grand
manner” had never helped her popularity.
She passed her evenings alone in her “upstairs
sitting-room,” reading, reading till far into
the night, or, the lights extinguished, sat at her
open window listening to the monotonous lap and wash
of the lake.
At such moments she thought of the
men who had come into her life of the love
she had known almost from her girlhood. She remembered
her first serious affair. It had been with the
impecunious theological student who was her tutor.
He had worn glasses and little black side whiskers,
and had implored her to marry him and come to China,
where he was to be a missionary. Every time that
he came he had brought her a new book to read, and
he had taken her for long walks up towards the hills
where the old powder mill stood. Then it was the
young lawyer the “brightest man in
Worcester County” who took her driving
in a hired buggy, sent her a multitude of paper novels
(which she never read), with every love passage carefully
underscored, and wrote very bad verse to her eyes
and hair, whose “velvet blackness was the shadow
of a crown.” Or, again, it was the youthful
cavalry officer met in a flying visit to her Boston
aunt, who loved her on first sight, gave her his photograph
in uniform and a bead belt of Apache workmanship.
He was forever singing to her to a guitar
accompaniment an old love song:
“At midnight hour Beneath the
tower He murmured soft, ’Oh nothing fearing
With thine own true soldier fly.’”
Then she had come to Chicago, and
Landry Court, with his bright enthusiasms and fine
exaltations had loved her. She had never taken
him very seriously but none the less it had been very
sweet to know his whole universe depended upon the
nod of her head, and that her influence over him had
been so potent, had kept him clean and loyal and honest.
And after this Corthell and Jadwin
had come into her life, the artist and the man of
affairs. She remembered Corthell’s quiet,
patient, earnest devotion of those days before her
marriage. He rarely spoke to her of his love,
but by some ingenious subtlety he had filled her whole
life with it. His little attentions, his undemonstrative
solicitudes came precisely when and where they were
most appropriate. He had never failed her.
Whenever she had needed him, or even, when through
caprice or impulse she had turned to him, it always
had been to find that long since he had carefully
prepared for that very contingency. His thoughtfulness
of her had been a thing to wonder at. He remembered
for months, years even, her most trivial fancies,
her unexpressed dislikes. He knew her tastes,
as if by instinct; he prepared little surprises for
her, and placed them in her way without ostentation,
and quite as matters of course. He never permitted
her to be embarrassed; the little annoying situations
of the day’s life he had smoothed away long before
they had ensnared her. He never was off his guard,
never disturbed, never excited.
And he amused her, he entertained
her without seeming to do so. He made her talk;
he made her think. He stimulated and aroused her,
so that she herself talked and thought with a brilliancy
that surprised herself. In fine, he had so contrived
that she associated him with everything that was agreeable.
She had sent him away the first time,
and he had gone without a murmur; only to come back
loyal as ever, silent, watchful, sympathetic, his
love for her deeper, stronger than before, and as
always timely bringing to her a companionship
at the moment of all others when she was most alone.
Now she had driven him from her again,
and this time, she very well knew, it was to be forever.
She had shut the door upon this great love.
Laura stirred abruptly in her place,
adjusting her hair with nervous fingers.
And, last of all, it had been Jadwin,
her husband. She rose and went to the window,
and stood there a long moment, looking off into the
night over the park. It was warm and very still.
A few carriage lamps glimpsed among the trees like
fireflies. Along the walks and upon the benches
she could see the glow of white dresses and could catch
the sound of laughter. Far off somewhere in the
shrubbery, she thought she heard a band playing.
To the northeast lay the lake, shimmering under the
moon, dotted here and there with the coloured lights
of steamers.
She turned back into the room.
The great house was still. From all its suites
of rooms, its corridors, galleries, and hallways there
came no sound. There was no one upon the same
floor as herself. She had read all her books.
It was too late to go out and there was
no one to go with. To go to bed was ridiculous.
She was never more wakeful, never more alive, never
more ready to be amused, diverted, entertained.
She thought of the organ, and descending
to the art gallery, played Bach, Palestrina, and Stainer
for an hour; then suddenly she started from the console,
with a sharp, impatient movement of her head.
“Why do I play this stupid music?”
she exclaimed. She called a servant and asked:
“Has Mr. Jadwin come in yet?”
“Mr. Gretry just this minute
telephoned that Mr. Jadwin would not be home to-night.”
When the servant had gone out Laura,
her lips compressed, flung up her head. Her hands
shut to hard fists, her eye flashed. Rigid, erect
in the middle of the floor, her arms folded, she uttered
a smothered exclamation over and over again under
her breath.
All at once anger mastered her anger
and a certain defiant recklessness, an abrupt spirit
of revolt. She straightened herself suddenly,
as one who takes a decision. Then, swiftly, she
went out of the art gallery, and, crossing the hallway,
entered the library and opened a great writing-desk
that stood in a recess under a small stained window.
She pulled the sheets of note paper
towards her and wrote a short letter, directing the
envelope to Sheldon Corthell, The Fine Arts Building,
Michigan Avenue.
“Call a messenger,” she
said to the servant who answered her ring, “and
have him take or send him in here when he
comes.”
She rested the letter against the
inkstand, and leaned back in her chair, looking at
it, her fingers plucking swiftly at the lace of her
dress. Her head was in a whirl. A confusion
of thoughts, impulses, desires, half-formed resolves,
half-named regrets, swarmed and spun about her.
She felt as though she had all at once taken a leap a
leap which had landed her in a place whence she could
see a new and terrible country, an unfamiliar place terrible,
yet beautiful unexplored, and for that
reason all the more inviting, a place of shadows.
Laura rose and paced the floor, her
hands pressed together over her heart. She was
excited, her cheeks flushed, a certain breathless
exhilaration came and went within her breast, and in
place of the intolerable ennui of the last days, there
came over her a sudden, an almost wild animation,
and from out her black eyes there shot a kind of furious
gaiety.
But she was aroused by a step at the
door. The messenger stood there, a figure ridiculously
inadequate for the intensity of all that was involved
in the issue of the hour a weazened, stunted
boy, in a uniform many sizes too large.
Laura, seated at her desk, held the
note towards him resolutely. Now was no time
to hesitate, to temporise. If she did not hold
to her resolve now, what was there to look forward
to? Could one’s life be emptier than hers emptier,
more intolerable, more humiliating?
“Take this note to that address,”
she said, putting the envelope and a coin in the boy’s
hand. “Wait for an answer.”
The boy shut the letter in his book,
which he thrust into his breast pocket, buttoning
his coat over it. He nodded and turned away.
Still seated, Laura watched him moving
towards the door. Well, it was over now.
She had chosen. She had taken the leap. What
new life was to begin for her to-morrow? What
did it all mean? With an inconceivable rapidity
her thoughts began racing through, her brain.
She did not move. Her hands,
gripped tight together, rested upon the desk before
her. Without turning her head, she watched the
retreating messenger, from under her lashes.
He passed out of the door, the curtain fell behind
him.
And only then, when the irrevocableness
of the step was all but an accomplished fact, came
the reaction.
“Stop!” she cried, springing
up. “Stop! Come back here. Wait
a moment.”
What had happened? She could
neither understand nor explain. Somehow an instant
of clear vision had come, and in that instant a power
within her that was herself and not herself, and laid
hold upon her will. No, no, she could not, she
could not, after all. She took the note back.
“I have changed my mind,”
she said, abruptly. “You may keep the money.
There is no message to be sent.”
As soon as the boy had gone she opened
the envelope and read what she had written. But
now the words seemed the work of another mind than
her own. They were unfamiliar; they were not
the words of the Laura Jadwin she knew. Why was
it that from the very first hours of her acquaintance
with this man, and in every circumstance of their intimacy,
she had always acted upon impulse? What was there
in him that called into being all that was reckless
in her?
And for how long was she to be able
to control these impulses? This time she had
prevailed once more against that other impetuous self
of hers. Would she prevail the next time?
And in these struggles, was she growing stronger as
she overcame, or weaker? She did not know.
She tore the note into fragments, and making a heap
of them in the pen tray, burned them carefully.
During the week following upon this,
Laura found her trouble more than ever keen.
She was burdened with a new distress. The incident
of the note to Corthell, recalled at the last moment,
had opened her eyes to possibilities of the situation
hitherto unguessed. She saw now what she might
be capable of doing in a moment of headstrong caprice,
she saw depths in her nature she had not plumbed.
Whether these hidden pitfalls were peculiarly hers,
or whether they were common to all women placed as
she now found herself, she did not pause to inquire.
She thought only of results, and she was afraid.
But for the matter of that, Laura
had long since passed the point of deliberate consideration
or reasoned calculation. The reaction had been
as powerful as the original purpose, and she was even
yet struggling blindly, intuitively.
For what she was now about to do she
could give no reason, and the motives for this final
and supreme effort to conquer the league of circumstances
which hemmed her in were obscure. She did not
even ask what they were. She knew only that she
was in trouble, and yet it was to the cause of her
distress that she addressed herself. Blindly she
turned to her husband; and all the woman in her roused
itself, girded itself, called up its every resource
in one last test, in one ultimate trial of strength
between her and the terrible growing power of that
blind, soulless force that roared and guttered and
sucked, down there in the midst of the city.
She alone, one unaided woman, her
only auxiliaries her beauty, her wit, and the frayed,
strained bands of a sorely tried love, stood forth
like a challenger, against Charybdis, joined battle
with the Cloaca, held back with her slim, white hands
against the power of the maelstrom that swung the
Nations in its grip.
In the solitude of her room she took
the resolve. Her troubles were multiplying; she,
too, was in the current, the end of which was a pit a
pit black and without bottom. Once already its
grip had seized her, once already she had yielded
to the insidious drift. Now suddenly aware of
a danger, she fought back, and her hands beating the
air for help, turned towards the greatest strength
she knew.
“I want my husband,” she
cried, aloud, to the empty darkness of the night.
“I want my husband. I will have him; he
is mine, he is mine. There shall nothing take
me from him; there shall nothing take him from me.”
Her first opportunity came upon a
Sunday soon afterward. Jadwin, wakeful all the
Saturday night, slept a little in the forenoon, and
after dinner Laura came to him in his smoking-room,
as he lay on the leather lounge trying to read.
His wife seated herself at a writing-table in a corner
of the room, and by and by began turning the slips
of a calendar that stood at her elbow. At last
she tore off one of the slips and held it up.
“Curtis.”
“Well, old girl?”
“Do you see that date?”
He looked over to her.
“Do you see that date?
Do you know of anything that makes that day different a
little from other days? It’s
June thirteenth. Do you remember what June thirteenth
is?”
Puzzled, he shook his head.
“No no.”
Laura took up a pen and wrote a few
words in the space above the printed figures reserved
for memoranda. Then she handed the slip to her
husband, who read aloud what she had written.
“‘Laura Jadwin’s
birthday.’ Why, upon my word,” he
declared, sitting upright. “So it is, so
it is. June thirteenth, of course. And I
was beast enough not to realise it. Honey, I
can’t remember anything these days, it seems.”
“But you are going to remember
this time?” she said. “You are not
going to forget it now. That evening is going
to mark the beginning of oh, Curtis, it
is going to be a new beginning of everything.
You’ll see. I’m going to manage it.
I don’t know how, but you are going to love me
so that nothing, no business, no money, no wheat will
ever keep you from me. I will make you.
And that evening, that evening of June thirteenth
is mine. The day your business can have you, but
from six o’clock on you are mine.”
She crossed the room quickly and took both his hands
in hers and knelt beside him. “It is mine,”
she said, “if you love me. Do you understand,
dear? You will come home at six o’clock,
and whatever happens oh, if all La Salle
Street should burn to the ground, and all your millions
of bushels of wheat with it whatever happens,
you will not leave me nor
think of anything else but just me, me. That
evening is mine, and you will give it to me, just as
I have said. I won’t remind you of it again.
I won’t speak of it again. I will leave
it to you. But you will give me that
evening if you love me. Dear, do you see just
what I mean? ... If you love me.... No no
don’t say a word, we won’t talk about it
at all. No, no, please. Not another word.
I don’t want you to promise, or pledge yourself,
or anything like that. You’ve heard what
I said and that’s all there is about
it. We’ll talk of something else. By
the way, have you seen Mr. Cressler lately?”
“No,” he said, falling
into her mood. “No haven’t seen Charlie
in over a month. Wonder what’s become of
him?”
“I understand he’s been
sick,” she told him. “I met Mrs. Cressler
the other day, and she said she was bothered about
him.”
“Well, what’s the matter with old Charlie?”
“She doesn’t know, herself.
He’s not sick enough to go to bed, but he doesn’t
or won’t go down town to his business. She
says she can see him growing thinner every day.
He keeps telling her he’s all right, but for
all that, she says, she’s afraid he’s going
to come down with some kind of sickness pretty soon.”
“Say,” said Jadwin, “suppose
we drop around to see them this afternoon? Wouldn’t
you like to? I haven’t seen him in over
a month, as I say. Or telephone them to come
up and have dinner. Charlie’s about as old
a friend as I have. We used to be together about
every hour of the day when we first came to Chicago.
Let’s go over to see him this afternoon and
cheer him up.”
“No,” said Laura, decisively.
“Curtis, you must have one day of rest out of
the week. You are going to lie down all the rest
of the afternoon, and sleep if you can. I’ll
call on them to-morrow.”
“Well, all right,” he
assented. “I suppose I ought to sleep if
I can. And then Sam is coming up here, by five.
He’s going to bring some railroad men with him.
We’ve got a lot to do. Yes, I guess, old
girl, I’ll try to get forty winks before they
get here. And, Laura,” he added, taking
her hand as she rose to go, “Laura, this is the
last lap. In just another month now oh,
at the outside, six weeks I’ll have
closed the corner, and then, old girl, you and I will
go somewheres, anywhere you like, and then we’ll
have a good time together all the rest of our lives all
the rest of our lives, honey. Good-by. Now
I think I can go to sleep.”
She arranged the cushions under his
head and drew the curtains close over the windows,
and went out, softly closing the door behind her.
And a half hour later, when she stole in to look at
him, she found him asleep at last, the tired eyes
closed, and the arm, with its broad, strong hand,
resting under his head. She stood a long moment
in the middle of the room, looking down at him; and
then slipped out as noiselessly as she had come, the
tears trembling on her eyelashes.
Laura Jadwin did not call on the Cresslers
the next day, nor even the next after that. For
three days she kept indoors, held prisoner by a series
of petty incidents; now the delay in the finishing
of her new gowns, now by the excessive heat, now by
a spell of rain. By Thursday, however, at the
beginning of the second week of the month, the storm
was gone, and the sun once more shone. Early in
the afternoon Laura telephoned to Mrs. Cressler.
“How are you and Mr. Cressler?”
she asked. “I’m coming over to take
luncheon with you and your husband, if you will let
me.”
“Oh, Charlie is about the same,
Laura,” answered Mrs. Cressler’s voice.
“I guess the dear man has been working too hard,
that’s all. Do come over and cheer him
up. If I’m not here when you come, you just
make yourself at home. I’ve got to go down
town to see about railroad tickets and all. I’m
going to pack my old man right off to Oconomowoc before
I’m another day older. Made up my mind to
it last night, and I don’t want him to be bothered
with tickets or time cards, or baggage or anything.
I’ll run down and do it all myself. You
come right up whenever you’re ready and keep
Charlie company. How’s your husband, Laura
child?”
“Oh, Curtis is well,”
she answered. “He gets very tired at times.”
“Well, I can understand it.
Lands alive, child whatever are you going to do with
all your money? They tell me that J. has made
millions in the last three or four months. A
man I was talking to last week said his corner was
the greatest thing ever known on the Chicago Board
of Trade. Well, good-by, Laura, come up whenever
you’re ready. I’ll see you at lunch.
Charlie is right here. He says to give you his
love.” An hour later Laura’s victoria
stopped in front of the Cressler’s house, and
the little footman descended with the agility of a
monkey, to stand, soldier-like, at the steps, the
lap robe over his arm.
Laura gave orders to have the victoria
call for her at three, and ran quickly up the front
steps. The front entrance was open, the screen
door on the latch, and she entered without ceremony.
“Mrs. Cressler!” she called,
as she stood in the hallway drawing off her gloves.
“Mrs. Cressler! Carrie, have you gone yet?”
But the maid, Annie, appeared at the
head of the stairs, on the landing of the second floor,
a towel bound about her head, her duster in her hand.
“Mrs. Cressler has gone out,
Mrs. Jadwin,” she said. “She said
you was to make yourself at home, and she’d
be back by noon.”
Laura nodded, and standing before
the hatrack in the hall, took off her hat and gloves,
and folded her veil into her purse. The house
was old-fashioned, very homelike and spacious, cool,
with broad halls and wide windows. In the “front
library,” where Laura entered first, were steel
engravings of the style of the seventies, “whatnots”
crowded with shells, Chinese coins, lacquer boxes,
and the inevitable sawfish bill. The mantel was
mottled white marble, and its shelf bore the usual
bronze and gilt clock, decorated by a female figure
in classic draperies, reclining against a globe.
An oil painting of a mountain landscape hung against
one wall; and on a table of black walnut, with a red
marble slab, that stood between the front windows,
were a stereoscope and a rosewood music box.
The piano, an old style Chickering,
stood diagonally across the far corner of the room,
by the closed sliding doors, and Laura sat down here
and began to play the “Mephisto Walzer,”
which she had been at pains to learn since the night
Corthell had rendered it on her great organ in the
art gallery.
But when she had played as much as
she could remember of the music, she rose and closed
the piano, and pushed back the folding doors between
the room she was in and the “back library,”
a small room where Mrs. Cressler kept her books of
poetry.
As Laura entered the room she was
surprised to see Mr. Cressler there, seated in his
armchair, his back turned toward her.
“Why, I didn’t know you
were here, Mr. Cressler,” she said, as she came
up to him.
She laid her hand upon his arm.
But Cressler was dead; and as Laura touched him the
head dropped upon the shoulder and showed the bullet
hole in the temple, just in front of the ear.