"But you play the same game they do."
"Yes; but not in the same way." Daylight regarded her thoughtfully. "When I say cowardly skunks, I mean just that,—cowardly skunks. They set up for a lot of gamblers, and there ain't one in a thousand of them that's got the nerve to be a gambler. They're four-flushers, if you know what that means. They're a lot of little cottontail rabbits making believe they're big rip-snorting timber wolves. They set out to everlastingly eat up some proposition but at the first sign of trouble they turn tail and stampede for the brush. Look how it works. When the big fellows wanted to unload Little Copper, they sent Jakey Fallow into the New York Stock Exchange to yell out: 'I'll buy all or any part of Little Copper at fifty five,' Little Copper being at fifty-four. And in thirty minutes them cottontails—financiers, some folks call them—bid up Little Copper to sixty. And an hour after that, stampeding for the brush, they were throwing Little Copper overboard at forty-five and even forty.
"They're catspaws for the big fellows. Almost as fast as they rob the suckers, the big fellows come along and hold them up. Or else the big fellows use them in order to rob each other. That's the way the Chattanooga Coal and Iron Company was swallowed up by the trust in the last panic. The trust made that panic. It had to break a couple of big banking companies and squeeze half a dozen big fellows, too, and it did it by stampeding the cottontails. The cottontails did the rest all right, and the trust gathered in Chattanooga Coal and Iron. Why, any man, with nerve and savvee, can start them cottontails jumping for the brush. I don't exactly hate them myself, but I haven't any regard for chicken-hearted four-flushers."
CHAPTER XVII
For months Daylight was buried in work. The outlay was terrific, and there was nothing coming in. Beyond a general rise in land values, Oakland had not acknowledged his irruption on the financial scene. The city was waiting for him to show what he was going to do, and he lost no time about it. The best skilled brains on the market were hired by him for the different branches of the work. Initial mistakes he had no patience with, and he was determined to start right, as when he engaged Wilkinson, almost doubling his big salary, and brought him out from Chicago to take charge of the street railway organization. Night and day the road gangs toiled on the streets. And night and day the pile-drivers hammered the big piles down into the mud of San Francisco Bay. The pier was to be three miles long, and the Berkeley hills were denuded of whole groves of mature eucalyptus for the piling.
At the same time that his electric roads were building out through the hills, the hay-fields were being surveyed and broken up into city squares, with here and there, according to best modern methods, winding boulevards and strips of park. Broad streets, well graded, were made, with sewers and water-pipes ready laid, and macadamized from his own quarries. Cement sidewalks were also laid, so that all the purchaser had to do was to select his lot and architect and start building. The quick service of Daylight's new electric roads into Oakland made this big district immediately accessible, and long before the ferry system was in operation hundreds of residences were going up.
The profit on this land was enormous. In a day, his onslaught of wealth had turned open farming country into one of the best residential districts of the city.
But this money that flowed in upon him was immediately poured back into his other investments. The need for electric cars was so great that he installed his own shops for building them. And even on the rising land market, he continued to buy choice factory sites and building properties. On the advice of Wilkinson, practically every electric road already in operation was rebuilt. The light, old fashioned rails were torn out and replaced by the heaviest that were manufactured. Corner lots, on the sharp turns of narrow streets, were bought and ruthlessly presented to the city in order to make wide curves for his tracks and high speed for his cars. Then, too, there were the main-line feeders for his ferry system, tapping every portion of Oakland, Alameda, and Berkeley, and running fast expresses to the pier end. The same large-scale methods were employed in the water system. Service of the best was needed, if his huge land investment was to succeed. Oakland had to be made into a worth-while city, and that was what he intended to do. In addition to his big hotels, he built amusement parks for the common people, and art galleries and club-house country inns for the more finicky classes. Even before there was any increase in population, a marked increase in street-railway traffic took place. There was nothing fanciful about his schemes. They were sound investments.
"What Oakland wants is a first class theatre," he said, and, after vainly trying to interest local capital, he started the building of the theatre himself; for he alone had vision for the two hundred thousand new people that were coming to the town.