"STEPHEN BONE."
CHAPTER IX
HOME BANKING—A FAILURE
In the upper suburb of Montreal, Canada, stood an unassuming cottage, in the midst of a spacious and well-kept lawn and garden. A young man was seen carrying a rake on his shoulder and with the other hand drawing a lawn mower toward a shed in one corner of the lot, where he was to deposit them for the night.
"Hiram, I never saw the lawn look better." These words were spoken by a venerable-looking old gentleman with cheery voice, as he came around the corner of the garden, smoking a cigar. The speaker was a large and well proportioned man of perhaps fifty-five years of age. He looked through large brown eyes, kindly but resolute. His square jaw and firm mouth denoted will power, his face was ruddy, and his head was crowned with an abundance of curling hair as white as snow. This was Abram McLain, the retired member of the firm of McLain, Shaw & Co., the originators and organizers of the first steamboat line running between Liverpool and Montreal. From this investment and an interest in building the great Victoria bridge across the Saint Lawrence, Mr. McLain had accumulated a large fortune, which, promptly invested in real estate and safe stocks which were continually enhancing in value in this rapidly growing municipality, soon placed him among the accredited millionaires of Canada.
The cottage which he owned and in which he lived was built of gray stone, one tall story in height, and crowned with a French roof. It was beautified by a wide door in front with colonial pillars and porch. The windows were tall, to which iron shutters were attached. The ground on which this building stood had been bought immediately after the conflagration of 1852, when Saint Mary's Ward was almost obliterated. From that date each year had increased the value of all property in this part of the city, so that this property alone, having five acres, would have placed its owner among the well-to-do citizens of the community. But this property was only a small portion of the holdings of Abram McLain. A unique building was this cottage.
Two skilled mechanics had been brought from Quebec, and no one was permitted to see their work nor to learn what they were doing. Their work was to be in the basement, which had been excavated ten feet deep, the massive walls reaching down until they rested upon solid rock. The building was seventy-five feet square. A furnace occupied the center of the basement. Next, in front, was a beautiful office, finished in hardwood, exquisitely polished, and furnished with most modern furniture. In the rear of this office was a smaller room, the walls of which were incased with steel plates, supposed to be both burglar-proof and fire-proof. This room contained a safe having no opening except the door into the office. It would never have been taken for anything but a closet convenient to the main office; but the door was solid iron, the lock of which none but the owner could manipulate. A reception or smoking room, which Mr. McLain called his den, was on the other side of the hallway—a cozy and yet elaborately furnished room, containing tables, sofas, and easy chairs, where the owner could meet his friends for business or pleasure.
Mr. McLain's father, a sturdy and sagacious Scotchman, had landed in Canada when Abram was about ten years of age, and began in earnest to win at least a living, if not a fortune, in this sparsely settled city, which at that time was hardly worthy the name of a city, although its thoroughgoing citizens had procured a city charter. Mr. McLain by earnest long-sightedness and industry succeeded in becoming a well-to-do citizen. Unfortunately, Mr. McLain invested most of his savings in a large banking institution, located on McGill Street—The Montreal National Bank—which a few months later was consumed in the conflagration. This unfortunate event with subsequent obligations, left him both poor and in debt, from which he never recovered, but in two years died, leaving his wife dependent upon their only son. Some years later, when Abram was accumulating money rapidly, he bought stock in gas and water works, and in both instances they collapsed, and the stockholders were left by a dishonest set of officers to meet delinquent obligations. This experience of both father and son not only met with indignant protestations, but drove Abram to a conclusion wise, or foolish, as the case may be; but he concluded that hereafter he would be his own banker, or at least the custodian of his own money. This accounted for the burglar-proof safe in the basement of the new cottage, and where he could keep every valuable paper, securities, deeds, mortgages, or money. This line of business was no secret in the community. He was his own banker, and when he sold property or anything else, the place of the money deposited was his own safe.
Much of Mr. McLain's spare time was spent at the Majestic, then the largest hotel in the city, he being its owner. Ernest Case, the acting landlord, took great pleasure in introducing him to customers, and especially if they were prominent persons or had titles attached to their names, who honored this hostelry with their presence.
One evening Mr. McLain sat in one of the cozy parlors enjoying a cigar with Mayor Dalrymple, he, himself, being an alderman. They had much in common to interest them, and were conversing interestedly, when Mr. Case, accompanied by an imposing-looking stranger, approached and asked permission to introduce Major Bancroft, of Quebec. The major took the liberty of correcting a slight mistake.