R. Schmidt was reflecting. "It struck me as queer that he had not heard of the transfer of our securities in London."
"I cannot understand Bernstein & Sons selling out at a time when the price of our bonds is considerably below their actual value," said Totten, frowning. "A million pounds sterling is what their holdings really represented; according to the despatches they must have sold at a loss of nearly fifty thousand pounds. It is unbelievable that the house can be hard-pressed for money. There isn't a sounder concern in Europe than Bernstein's."
"We should have a Marconi-gram to-night or tomorrow in regard to the bid made in Paris for the bonds held by the French syndicate," said Dank, pulling at his short moustache. "Mr. Blithers is investigating."
"There is something sinister in all this," said R. Schmidt. "Who is buying up all of the out-standing bonds and what is behind the movement? London has sold all that were held there and Paris is approached on the same day. If Paris and Berlin should sell, nearly four million pounds in Graustark bonds will be in the hands of people whose identity and motives appear to be shrouded in the deepest mystery."
"And four million pounds represents the entire amount of our bonds held by outside parties," said Totten, with a significant shake of his grizzled head. "The remainder are in the possession of our own institutions and the people themselves. We should hear from Edelweiss, too, in response to my cablegram. Perhaps Romano may be able to throw light on the situation. I confess that I am troubled."
"Russia would have no object in buying up our general bonds, would she?" inquired R. Schmidt.
"None whatever. She would have nothing to gain. Mr. Blithers assured me that he was not in the least apprehensive. In fact, he declared that Russia would not be buying bonds that do not mature for twelve years to come. There must be some private—eh?"
A steward was politely accosting the trio.
"I beg pardon, is this Mr. Totten?"
"Yes."