And they felt that their superiority in rank and in brains entitled them to whatever remuneration they could assign to themselves without rousing the wrath of a public too envious to admit the just claims of the “upper classes.” They convinced themselves that without them crops would cease to grow, sellers and buyers would be unable to find their way to market, barbarism would spread its rank and choking weeds over the whole garden of civilization. And, so brainless is the parrot public, they have succeeded in creating a very widespread conviction that their own high opinion of their services is not too high, and that some dire calamity would come if they were swept from between producer and consumer! True, thieves are found only where there is property; but who but a chucklebrain would think the thieves made the property?
Roebuck was the keystone of the arch that sustained the structure of chicane. To dislodge him was the direct way to collapse it. I was about to set to work when Langdon, feeling that he ought to have a large supply of cash in the troublous times I was creating, increased the capital stock of his already enormously overcapitalized Textile Trust and offered the new issue to the public. As the Textile Trust was even better bulwarked, politically, than the Power Trust, it was easily able to declare tempting dividends out of its lootings. So the new stock could not be attacked in the one way that would make the public instantly shun it—I could not truthfully charge that it would not pay the promised dividends. Yet attack I must—for that issue was, in effect, a bold challenge of my charges against “The Seven.” From all parts of the country inquiries poured in upon me: “What do you think of the new Textile issue? Shall we invest? Is the Textile Company sound?”
I had no choice. I must turn aside from Roebuck; I must first show that, while Textile was, in a sense, sound just at that time, it had been unsound, and would be unsound again as soon as Langdon had gathered in a sufficient number of lambs to make a battue worth the while of a man dealing in nothing less than seven figures. I proceeded to do so.
The market yielded slowly. Under my first day's attack Textile preferred fell six points, Textile common three. While I was in the midst of dictating my letter for the second day's attack, I suddenly came to a full stop. I found across my way this thought: “Isn't it strange that Langdon, after humbling himself to you, should make this bold challenge? It's a trap!”
“No more at present,” said I, to my stenographer. “And don't write out what I've already dictated.”
I shut myself in and busied myself at the telephone. Half an hour after I set my secret machinery in motion, a messenger brought me an envelop, the address type-written. It contained a sheet of paper on which appeared, in type-writing; these words, and nothing more:
“He is heavily short of Textiles.”
It was indeed a trap. The new issue was a blind. He had challenged me to attack his stock, and as soon as I did, he had begun secretly to sell it for a fall. I worked at this new situation until midnight, trying to get together the proofs. At that hour—for I could delay no longer, and my proofs were not quite complete—I sent my newspapers two sentences:
“To-morrow I shall make a disclosure that will
send Textiles up. Do not sell Textiles!”