All this was falsehood, more or less consciously elaborated by the “finance editors,” consciously initiated and encouraged by the shrewd business men of the Manderson group, who knew that nothing could better help their plans than this illusion of hero-worship—knew also that no word had come from Manderson in answer to their messages, and that Howard B. Jeffrey, of Steel and Iron fame, was the true organizer of victory. So they fought down apprehension through four feverish days, and minds grew calmer. On Saturday, though the ground beneath the feet of Mr. Jeffrey yet rumbled now and then with Etna-mutterings of disquiet, he deemed his task almost done. The market was firm, and slowly advancing. Wall Street turned to its sleep of Sunday, worn out but thankfully at peace.
In the first trading hour of Monday a hideous rumour flew round the sixty acres of the financial district. It came into being as the lightning comes—a blink that seems to begin nowhere; though it is to be suspected that it was first whispered over the telephone—together with an urgent selling order by some employee in the cable service. A sharp spasm convulsed the convalescent share-list. In five minutes the dull noise of the kerbstone market in Broad Street had leapt to a high note of frantic interrogation. From within the hive of the Exchange itself could be heard a droning hubbub of fear, and men rushed hatless in and out. Was it true? asked every man; and every man replied, with trembling lips, that it was a lie put out by some unscrupulous “short” interest seeking to cover itself. In another quarter of an hour news came of a sudden and ruinous collapse of “Yankees” in London at the close of the Stock Exchange day. It was enough. New York had still four hours’ trading in front of her. The strategy of pointing to Manderson as the saviour and warden of the markets had recoiled upon its authors with annihilating force, and Jeffrey, his ear at his private telephone, listened to the tale of disaster with a set jaw. The new Napoleon had lost his Marengo. He saw the whole financial landscape sliding and falling into chaos before him. In half an hour the news of the finding of Manderson’s body, with the inevitable rumour that it was suicide, was printing in a dozen newspaper offices; but before a copy reached Wall Street the tornado of the panic was in full fury, and Howard B. Jeffrey and his collaborators were whirled away like leaves before its breath.
All this sprang out of nothing.
Nothing in the texture of the general life had changed. The corn had not ceased to ripen in the sun. The rivers bore their barges and gave power to a myriad engines. The flocks fattened on the pastures, the herds were unnumbered. Men laboured everywhere in the various servitudes to which they were born, and chafed not more than usual in their bonds. Bellona tossed and murmured as ever, yet still slept her uneasy sleep. To all mankind save a million or two of half-crazed gamblers, blind to all reality, the death of Manderson meant nothing; the life and work of the world went on. Weeks before he died strong hands had been in control of every wire in the huge network of commerce and industry that he had supervised. Before his corpse was buried his countrymen had made a strange discovery—that the existence of the potent engine of monopoly that went by the name of Sigsbee Manderson had not been a condition of even material prosperity. The panic blew itself out in two days, the pieces were picked up, the bankrupts withdrew out of sight; the market “recovered a normal tone.”
While the brief delirium was yet subsiding there broke out a domestic scandal in England that suddenly fixed the attention of two continents. Next morning the Chicago Limited was wrecked, and the same day a notable politician was shot down in cold blood by his wife’s brother in the streets of New Orleans. Within a week of its rising, “the Manderson story,” to the trained sense of editors throughout the Union, was “cold.” The tide of American visitors pouring through Europe made eddies round the memorial or statue of many a man who had died in poverty; and never thought of their most famous plutocrat. Like the poet who died in Rome, so young and poor, a hundred years ago, he was buried far away from his own land; but for all the men and women of Manderson’s people who flock round the tomb of Keats in the cemetery under the Monte Testaccio, there is not one, nor ever will be, to stand in reverence by the rich man’s grave beside the little church of Marlstone.
II
Knocking the Town Endways
In the only comfortably furnished room in the offices of the Record, the telephone on Sir James Molloy’s table buzzed. Sir James made a motion with his pen, and Mr. Silver, his secretary, left his work and came over to the instrument.
“Who is that?” he said. “Who? … I can’t hear you. … Oh, it’s Mr. Bunner, is it? … Yes, but … I know, but he’s fearfully busy this afternoon. Can’t you … Oh, really? Well, in that case—just hold on, will you?”
He placed the receiver before Sir James. “It’s Calvin Bunner, Sigsbee Manderson’s right-hand man,” he said concisely. “He insists on speaking to you personally. Says it is the gravest piece of news. He is talking from the house down by Bishopsbridge, so it will be necessary to speak clearly.”
Sir James looked at the telephone, not affectionately, and took up the receiver. “Well?” he said in his strong voice, and listened. “Yes,” he said. The next moment Mr. Silver, eagerly watching him, saw a look of amazement and horror. “Good God!” murmured Sir
