“Jim,” said I, one day, “you have an unerring eye for the pleasant things of life. I couldn’t help thinking of this to-day when I saw you for the twentieth time spinning along the street in Miss Hinckley’s carriage, beside its owner. She’s one of the handsomest girls, in her flaxen-haired way, that I know of.”
“Isn’t she a study in curves and pink and white?” said Jim. “And she understands this trust company business as well as her father.”
The trust company’s stock, he went on to explain, ignoring Antonia, seemed to be already oversubscribed. Our firm, Hinckley, and Jim’s Chicago and New York friends, including Harper, all stood ready to take blocks of it, and there was no reason for requiring Hinckley to put much actual money in for this. He could pay for it out of his profits soon, and make a fortune without any outlay. Good credit was the prime necessity, and that Mr. Hinckley certainly had. So the celebrated Grain Belt Trust Company was begun—a name about which such mighty interests were to cluster, that I know I should have shrunk from the responsibility had I known what a gigantic thing we were creating.
As the days wore on, Captain Tolliver’s dementia spread and raged virulently. The dark-visaged Cornish, with his air of mystery, his habits so at odds with the society of Lattimore, was in the very focus of attention.
For a day or so, the effect which Mr. Giddings’s report attributed to his invasion failed to disclose itself to me. Then the delirium became manifest, and swept over the town like a were-wolf delusion through a medieval village.
Its immediate occasion seemed to be a group of real-estate conveyances, announced in the Herald one morning, surpassing in importance anything in the history of the town. Some of the lands transferred were acreage; some were waste and vacant tracts along Brushy Creek and the river; one piece was a suburban farm; but the mass of it was along Main Street and in the business district. The grantees were for the most part strange names in Lattimore, some individuals, some corporations. All the sales were at prices hitherto unknown. It was to be remarked, too, that in most cases the property had been purchased not long before, by some of the group of newer comers and at the old modest prices. Our firm seemed to have profited heavily in these transactions, as had Captain Tolliver also. We of the “new crowd” had begun our mock-trading to “establish the market.” Prices were going up, up; and all one had to do was to buy to-day and sell to-morrow. Real values, for actual use, seemed to be forgotten.
The most memorable moment in this first, acutest stage in our development was one bright day, within a week or so of our coming. The lawns were taking on their summer emerald, robins were piping in the maples, and down in the cottonwoods and lindens on the river front crows and jays were jargoning their immemorial and cheery lingo. Surveyors were running lines and making plats in the suburbs, peeped at by gophers, and greeted by the roundelays of meadow-larks. But on the street-corners, in the offices of lawyers and real-estate agents, and in the lobbies of the hotels, the trading was lively.
Then for the first time the influx of real buyers from the outside became noticeable. The landlord of the Centropolis could scarcely care for his guests. They talked of blocks, quarter-blocks, and the choice acreage they had bought, and of the profits they had made in this and other cities and towns (where this same speculative fever was epidemic), until Alice fled to the Trescott farm—as she said, to avoid the mixture of real estate with her meals. The telegraph offices were gorged with messages to non-resident property owners, begging for prices on good inside lots. Staid, slow-going lot-owners, who had grown old in patiently paying taxes on patches of dog-fennel and sand-burrs, dazedly vacillated between acceptance and rejection of tempting propositions, dreading the missing of the chance so long awaited, fearing misjudgment as to the height of the wave, dreading a future of regret at having sold too low.
One of these, an old woman, toothless and bent, hobbled to our office and asked for Mr. Elkins. He was busy, and so I received her.
“It’s about that quarter-block with the Donegal ruin on it,” said Jim; “the one I showed you yesterday. Offer her five thousand, one-fourth down, balance in one, two, and three years, eight per cent.”