As a result, Starr Wiley failed to put in an appearance that night at a dinner to which he had been invited and his excuse pleaded a sudden business trip. Days lengthened into weeks, and when he did not return there was a ripple of surprise and conjecture at his abrupt evanescence, but the varied festivities of the approaching holiday season ousted him from his rather negligible place in the thoughts of his acquaintances.
Christmas came and passed, and the New Year was nearing the end of its first month when he reappeared in the city, and simultaneously a sensational rumor spread like wildfire through the financial circles. It concerned a marvelous new oil well, the "Almas Perderse," which had just been discovered in the richest part of the Mexican petroleum fields, and which was reputed to be the greatest potential producer since the famous "Dos Bocas" itself.
Excitement ran high and the offices of Chase and Company were besieged by the curious and speculative among the smaller fry, but the moneyed interests still held aloof in spite of the artfully conservative bait dangled before them, and for a time developments were at a standstill.
It was during this period that one day Winnie North and Vernon Halstead found themselves compulsory room-mates at an overcrowded stag house-party in Westchester. The events of the preceding autumn had chastened and matured both of the genially irresponsible young men and the resultant change edified their immediate relatives even while it caused them to exhibit unflattering astonishment.
Winnie was making a determined effort to learn the intricacies of the brokerage game and Vernon had enrolled himself at the university on the Heights for a post-graduate course in mining and petroleum engineering. It was natural, therefore, that the subject which arose for discussion between them over a night-cap and cigarette was that of the Almas Perderse well.
"It sounds mighty good, I admit," Vernon remarked. "If anybody but Starr Wiley stood sponsor for it I should have more faith in its possibilities, I suppose, but somehow I can't figure him in a bona-fide deal."
"The governor doesn't share your prejudice, nor does your own father," Winnie remarked. "I've heard them talking and I've a hunch that they're both going to invest pretty heavily in the Almas Perderse stock when it is issued. They have faith in Wiley's knowledge of a good thing when he sees it, and I fancy it's sound, at that. He's been more than ordinarily successful in the past with other propositions, you know, and whatever your opinions of him personally, you'll have to admit that Wiley's reputation on the Exchange is second to none as far as judgment and efficiency and a thorough comprehension of the oil game are concerned."
"Yet the big investors are holding off, I understand," Vernon observed thoughtfully. "I wish my father wouldn't monkey with it. What's the game, Winnie? What are Chase and Wiley doing to launch the Almas Perderse?"
"Well, they've recently increased their capitalization to twenty-five million and they told the governor they want to raise ten million more at once. They're offering a million shares at ten dollars, par value, and they claim a jump to one hundred or better is inevitable within a few months, as soon as the development starts. The governor thinks he's being let in on the ground floor."
"It would look like it, if the thing is on the level." Vernon shook his head. "They're liable to bring in a gusher that'll send the price soaring."