"I don't know about that," shaking his head slowly. "The books are all on the square, as you will see. If one could only make money as easily as one can add up that which has been made and spent!" and Eastman gave a little laugh.
"But it cannot be a total loss. The house, I know, is settled upon Mrs. Lawrence. And the mill-property"—
"Mortgaged for all it is worth in such times as these. Perhaps I ought not to speak of it, but George was in a little difficulty which the old gentleman tided over. Too much real estate, Minor!"
Hamilton Minor had no great amount of confidence in the man before him; but then, he did not have in any one. He was on a little of the paper, and just now he felt exceedingly dubious about it. Some arrangement ought to be made whereby members of the family who had stood by Mr. Lawrence ought not to be losers.
The funeral was strangely quiet and solemn; I was about to add, select. The mill overseers and officers were formally invited. Fred had a feeling about the men,—it seemed as if they ought to form a procession; but the walk to the cemetery was a long one, and Mrs. Minor decisively negatived any plan that took in the "rabble." The coffin lay in the spacious drawing-room, where friends and acquaintances, in the same set, nodded solemnly, and uttered a few words of well-bred condolence. The mourners were up-stairs. The few coaches were filled with men, a little group stood around the open grave, and David Lawrence passed out of mortal sight,—his life-work all done. Had the toil been worth the reward?
The next day Eastman left for New York, and his stay there was brief. He knew what would be surmised after much trouble and searching, but it could not be positively laid at his door. And with a cheerful heart he set out to seek a new fortune.
To the great surprise of Mr. and Mrs. Minor, they found Hope Terrace mortgaged. Mrs. Lawrence could talk of nothing, could not endure the confusion of voices in her room. Some trustees were appointed to investigate the whole affair, for Fred was as ignorant as a child of all pertaining to the mill.
The examination disclosed a pitiable state of affairs. George Eastman had built up Yerbury on borrowed capital, lived on it in luxury, speculated, lost and won like any other gaming. He had persuaded each individual that he was on the high road to wealth. There had been a peculiar fascination about the man; or is it that the appeal to greed and covetousness is so much more convincing than that to honor and truth, that the baser impulses are quicker with their response? It was a great bubble upon credit, and carried with it the seeds of self-destruction. True, the bank held mortgages on rows of flimsy-built houses where walls were cracking apart, foundations settling, plumbing in such a condition that it was a hotbed of disease. They would not cover the indebtedness. The available cash had been drawn out by large depositors, the best bonds and stocks surreptitiously sold. And with all this there was a defalcation traceable to Hope Mills or the Eastmans. The money had gone in that direction. On the other hand, it was proven by the income of Hope Mills, and the amount paid out for labor, that there was no reason why they should not be solvent to-day.
Lavishly as the Lawrences had spent money, they had not taken it all. No one could or did accuse David Lawrence of private speculation. Minor had once tried his best to induce him to join in some enterprises, but failed. It was an easy matter to blame the Eastmans for every thing: they were away, and could not deny the charge. But had all these bank-officials clean hands? They had been given a sacred trust, the savings of the poor, the estates of widows and orphans; they had winked at investments of the most precarious kind; they had paid a high rate of interest, exacting a higher, which had been gladly given for a brief while. Safe principles of finance had been quite ignored: the new era was different from any thing that had ever happened to the world before, and required new men, and now they would have to go back to the old way. Surely there is not much that is new under the sun!
To bring back the Eastmans, and try them for their crimes, seemed hardly worth while. More than one man in Yerbury felt that it was safer to berate them at a distance, than meet their damaging retorts face to face. They could not get back any money. Hope Mills was ruined beyond a peradventure, and the affairs of the bank were best wound up as speedily as possible. There could be no large stealings for a receiver, consequently no occasion for delay. The sooner the wrecks and débris were cleared away, the quicker the moral atmosphere would be purified. There are wounds for which the instant cautery means life, the careful hesitation death.