the city treasury to the extent of five hundred thousand dollars. And the question was how was the matter to be kept quiet until after election, which was still three weeks away. Bankers and brokers were communicating odd rumors to each other about a check that had been taken from the city treasury after Cowperwood knew he was to fail, and without Stener’s consent. Also that there was danger that it would come to the ears of that very uncomfortable political organization known as the Citizens’ Municipal Reform Association, of which a well-known iron-manufacturer of great probity and moral rectitude, one Skelton C. Wheat, was president. Wheat had for years been following on the trail of the dominant Republican administration in a vain attempt to bring it to a sense of some of its political iniquities. He was a serious and austere man—-one of those solemn, self-righteous souls who see life through a peculiar veil of duty, and who, undisturbed by notable animal passions of any kind, go their way of upholding the theory of the Ten Commandments over the order of things as they are.

The committee in question had originally been organized to protest against some abuses in the tax department; but since then, from election to election, it had been drifting from one subject to another, finding an occasional evidence of its worthwhileness in some newspaper comment and the frightened reformation of some minor political official who ended, usually, by taking refuge behind the skirts of some higher political power—in the last reaches, Messrs. Butler, Mollenhauer, and Simpson. Just now it was without important fuel or ammunition; and this assignment of Cowperwood, with its attendant crime, so far as the city treasury was concerned, threatened, as some politicians and bankers saw it, to give it just the club it was looking for.

However, the decisive conference took place between Cowperwood and the reigning political powers some five days after Cowperwood’s failure, at the home of Senator Simpson, which was located in Rittenhouse Square—a region central for the older order of wealth in Philadelphia. Simpson was a man of no little refinement artistically, of Quaker extraction, and of great wealth-breeding judgment which he used largely to satisfy his craving for political predominance. He was most liberal where money would bring him a powerful or necessary political adherent. He fairly showered offices—commissionerships, trusteeships, judgeships, political nominations, and executive positions generally—on those who did his bidding faithfully and without question. Compared with Butler and Mollenhauer he was more powerful than either, for he represented the State and the nation. When the political authorities who were trying to swing a national election were anxious to discover what the State of Pennsylvania would do, so far as the Republican party was concerned, it was to Senator Simpson that they appealed. In the literal sense of the word, he knew. The Senator had long since graduated from State to national politics, and was an interesting figure in the United States Senate at Washington, where his voice in all the conservative and moneyed councils of the nation was of great weight.

The house that he occupied, of Venetian design, and four stories in height, bore many architectural marks of distinction, such as the floriated window, the door with the semipointed arch, and medallions of colored marble set in the walls. The Senator was a great admirer of Venice. He had been there often, as he had to Athens and Rome, and had brought back many artistic objects representative of the civilizations and refinements of older days. He was fond, for one thing, of the stern, sculptured heads of the Roman emperors, and the fragments of gods and goddesses which are the best testimony of the artistic aspirations of Greece. In the entresol of this house was one of his finest treasures—a carved and floriated base bearing a tapering monolith some four feet high, crowned by the head of a peculiarly goatish Pan, by the side of which were the problematic remains of a lovely nude nymph—just the little feet broken off at the ankles. The base on which the feet of the nymph and the monolith stood was ornamented with carved ox-skulls intertwined with roses. In his reception hall were replicas of Caligula, Nero, and other Roman emperors; and on his stair-walls reliefs of dancing nymphs in procession, and priests bearing offerings of sheep and swine to the sacrificial altars. There was a clock in some corner of the house which chimed the quarter, the half, the three-quarters, and the hour in strange, euphonious, and pathetic notes. On the walls of the rooms were tapestries of Flemish origin, and in the reception-hall, the library, the living-room, and the drawing- room, richly carved furniture after the standards of the Italian Renaissance. The Senator’s taste in the matter of paintings was inadequate, and he mistrusted it; but such as he had were of distinguished origin and authentic. He cared more for his curio-cases filled with smaller imported bronzes, Venetian glass, and Chinese jade. He was not a collector of these in any notable sense—merely a lover of a few choice examples. Handsome tiger and leopard skin rugs, the fur of a musk-ox for his divan, and tanned and brown-stained goat and kid skins for his tables, gave a sense of elegance and reserved profusion. In addition the Senator had a dining-room done after the Jacobean idea of artistic excellence, and a wine-cellar which the best of the local vintners looked after with extreme care. He was a man who loved to entertain lavishly; and when his residence was thrown open for a dinner, a reception, or a ball, the best of local society was to be found there.

The conference was in the Senator’s library, and he received his colleagues with the genial air of one who has much to gain and little to lose. There were whiskies, wines, cigars on the table, and while Mollenhauer and Simpson exchanged the commonplaces of the day awaiting the arrival of Butler, they lighted cigars and kept their inmost thoughts to themselves.

It so happened that upon the previous afternoon Butler had learned from Mr. David Pettie, the district attorney, of the sixty-thousand-dollar-check transaction. At the same time the matter had been brought to Mollenhauer’s attention by Stener himself. It was Mollenhauer, not Butler who saw that by taking advantage of Cowperwood’s situation, he might save the local party from blame, and at the same time most likely fleece Cowperwood out of his street-railway shares without letting Butler or Simpson know anything about it. The thing to do was to terrorize him with a private threat of prosecution.

Butler was not long in arriving, and apologized for the delay. Concealing his recent grief behind as jaunty an air as possible, he began with:

“It’s a lively life I’m leadin’, what with every bank in the city wantin’ to know how their loans are goin’ to be taken care of.” He took a cigar and struck a match.

“It does look a little threatening,” said Senator Simpson, smiling. “Sit down. I have just been talking with Avery Stone, of Jay Cooke & Company, and he tells me that the talk in Third Street about Stener’s connection with this Cowperwood failure is growing very strong, and that the newspapers are bound to take up the matter shortly, unless something is done about it. I am sure that the news will also reach Mr. Wheat, of the Citizens’ Reform Association, very shortly. We ought to decide now, gentlemen, what we propose to do. One thing, I am sure, is to eliminate Stener from the ticket as quietly as possible. This really looks to me as if it might become a very serious issue, and we ought to be doing what we can now to offset its effect later.”

Mollenhauer pulled a long breath through his cigar, and blew it out in a rolling steel-blue cloud. He studied the tapestry on the opposite wall but said nothing.

“There is one thing sure,” continued Senator Simpson, after a time, seeing that no one else spoke, “and that is, if we do not begin a prosecution on our own account within a reasonable time, some one else is apt to; and that would put rather a bad face on the matter. My own opinion would be that we wait until it is very plain that prosecution is going to be undertaken by some one else—possibly the Municipal Reform Association—but that we stand ready to step in and act in such a way as to make it look as though we had been planning to do it all the time. The thing to do is to gain time; and so I would suggest that it be made as difficult as possible to get at the treasurer’s books. An investigation there, if it begins at all—as I think is very likely—should be very slow in producing the facts.”

The Senator was not at all for mincing words with his important confreres, when it came to vital issues. He preferred, in his grandiloquent way, to call a spade a spade.

“Now that sounds like very good sense to me,” said Butler, sinking a little lower in his chair for comfort’s sake, and concealing his true mood in regard to all this. “The boys could easily make that investigation last three weeks, I should think. They’re slow enough with everything else, if me memory doesn’t fail me.” At the same time he was cogitating as to how to inject the personality of Cowperwood and his speedy prosecution without appearing to be neglecting the general welfare of the local party too much.

“Yes, that isn’t a bad idea,” said Mollenhauer, solemnly, blowing a ring of smoke, and thinking how to keep Cowperwood’s especial offense from coming up at this conference and until after he had seen him.

“We ought to map out our program very carefully,” continued Senator Simpson, “so that if we are compelled to act we can do so very quickly. I believe myself that this thing is certain to come to an issue within a week, if not sooner, and we have no time to lose. If my advice were followed now, I should have the mayor write the treasurer a letter asking for information, and the treasurer write the mayor his answer, and also have the mayor, with the authority of the common council, suspend the treasurer for the time being—I think we have the authority to do that—or, at least, take over his principal duties but without for the time being, anyhow, making any of these

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