XXXIII. MRS. LANGDON MAKES A CALL.
Next day Langdon's stocks wavered, going up a little, going down a little, closing at practically the same figures at which they had opened. Then I sprang my sensation—that Langdon and his particular clique, though they controlled the Textile Trust, did not own so much as one-fiftieth of its voting stock. True “captains of industry” that they were, they made their profits not out of dividends, but out of side schemes that absorbed about two-thirds of the earnings of the Trust, and out of gambling in its bonds and stocks. I said in conclusion:
“The largest owner of the stock is Walter G. Edmunds, of Chicago—an honest man. Send your voting proxies to him, and he can take the Textile Company away from those now plundering it.”
As the annual election of the Trust was only six weeks away, Langdon and his clique were in a panic. They rushed into the market and bought frantically, the public bidding against them. Langdon himself went to Chicago to reason with Edmunds—that is, to try to find out at what figure he could be bought. And so on, day after day, I faithfully reporting to the public the main occurrences behind the scenes. The Langdon attempt to regain control by purchases of stock failed. He and his allies made what must have been to them appalling sacrifices; but even at the high prices they offered, comparatively little of the stock appeared.
“I've caught them,” said I to Joe—the first time, and the last, during that campaign that I indulged in a boast.
“If Edmunds sticks to you,” replied cautious Joe.
But Edmunds did not. I do not know at what price he sold himself. Probably it was pitifully small; cupidity usually snatches the instant bait tickles its nose. But I do know that my faith in human nature got its severest shock.
“You are down this morning,” said Thornley, when I looked in on him at his bank. “I don't think I ever before saw you show that you were in low spirits.”
“I've found out a man with whom I'd have trusted my life,” said I. “Sometimes I think all men are dishonest. I've tried to be an optimist like you, and have told myself that most men must be honest or ninety-five per cent. of the business couldn't be done on credit as it is.”
Thornley smiled, like an old man at the enthusiasm of a youngster. “That proves nothing as to honesty,” said he. “It simply shows that men can be counted on to do what it is to their plain interest to do. The truth is—and a fine truth, too—most men wish and try to be honest. Give 'em a chance to resist their own weaknesses. Don't trust them. Trust—that's the making of false friends and the filling of jails.”