His affair with Dede Mason only seemed to languish. While delaying to grapple with the strange problem it presented, his desire for her continued to grow. In his gambling simile, his conclusion was that Luck had dealt him the most remarkable card in the deck, and that for years he had overlooked it. Love was the card, and it beat them all. Love was the king card of trumps, the fifth ace, the joker in a game of tenderfoot poker. It was the card of cards, and play it he would, to the limit, when the opening came. He could not see that opening yet. The present game would have to play to some sort of a conclusion first.
Yet he could not shake from his brain and vision the warm recollection of those bronze slippers, that clinging gown, and all the feminine softness and pliancy of Dede in her pretty Berkeley rooms. Once again, on a rainy Sunday, he telephoned that he was coming. And, as has happened ever since man first looked upon woman and called her good, again he played the blind force of male compulsion against the woman's secret weakness to yield. Not that it was Daylight's way abjectly to beg and entreat. On the contrary, he was masterful in whatever he did, but he had a trick of whimsical wheedling that Dede found harder to resist than the pleas of a suppliant lover. It was not a happy scene in its outcome, for Dede, in the throes of her own desire, desperate with weakness and at the same time with her better judgment hating her weakness cried out:—
"You urge me to try a chance, to marry you now and trust to luck for it to come out right. And life is a gamble say. Very well, let us gamble. Take a coin and toss it in the air. If it comes heads, I'll marry you. If it doesn't, you are forever to leave me alone and never mention marriage again."
A fire of mingled love and the passion of gambling came into Daylight's eyes. Involuntarily his hand started for his pocket for the coin. Then it stopped, and the light in his eyes was troubled.
"Go on," she ordered sharply. "Don't delay, or I may change my mind, and you will lose the chance."
"Little woman." His similes were humorous, but there was no humor in their meaning. His thought was as solemn as his voice. "Little woman, I'd gamble all the way from Creation to the Day of Judgment; I'd gamble a golden harp against another man's halo; I'd toss for pennies on the front steps of the New Jerusalem or set up a faro layout just outside the Pearly Gates; but I'll be everlastingly damned if I'll gamble on love. Love's too big to me to take a chance on. Love's got to be a sure thing, and between you and me it is a sure thing. If the odds was a hundred to one on my winning this flip, just the same, nary a flip."
In the spring of the year the Great Panic came on. The first warning was when the banks began calling in their unprotected loans. Daylight promptly paid the first several of his personal notes that were presented; then he divined that these demands but indicated the way the wind was going to blow, and that one of those terrific financial storms he had heard about was soon to sweep over the United States. How terrific this particular storm was to be he did not anticipate. Nevertheless, he took every precaution in his power, and had no anxiety about his weathering it out.
Money grew tighter. Beginning with the crash of several of the greatest Eastern banking houses, the tightness spread, until every bank in the country was calling in its credits. Daylight was caught, and caught because of the fact that for the first time he had been playing the legitimate business game. In the old days, such a panic, with the accompanying extreme shrinkage of values, would have been a golden harvest time for him. As it was, he watched the gamblers, who had ridden the wave of prosperity and made preparation for the slump, getting out from under and safely scurrying to cover or proceeding to reap a double harvest. Nothing remained for him but to stand fast and hold up.
He saw the situation clearly. When the banks demanded that he pay his loans, he knew that the banks were in sore need of the money. But he was in sorer need. And he knew that the banks did not want his collateral which they held. It would do them no good. In such a tumbling of values was no time to sell. His collateral was good, all of it, eminently sound and worth while; yet it was worthless at such a moment, when the one unceasing cry was money, money, money. Finding him obdurate, the banks demanded more collateral, and as the money pinch tightened they asked for two and even three times as much as had been originally accepted. Sometimes Daylight yielded to these demands, but more often not, and always battling fiercely.
He fought as with clay behind a crumbling wall. All portions of the wall were menaced, and he went around constantly strengthening the weakest parts with clay. This clay was money, and was applied, a sop here and a sop there, as fast as it was needed, but only when it was directly needed. The strength of his position lay in the Yerba Buena Ferry Company, the Consolidated Street Railways, and the United Water Company. Though people were no longer buying residence lots and factory and business sites, they were compelled to ride on his cars and ferry-boats and to consume his water. When all the financial world was clamoring for money and perishing through lack of it, the first of each month many thousands of dollars poured into his coffers from the water-rates, and each day ten thousand dollars, in dime and nickels, came in from his street railways and ferries.