Not content with manufacturing the electricity for his street railways in the old-fashioned way, in power-houses, Daylight organized the Sierra and Salvador Power Company. This immediately assumed large proportions. Crossing the San Joaquin Valley on the way from the mountains, and plunging through the Contra Costa hills, there were many towns, and even a robust city, that could be supplied with power, also with light; and it became a street- and house-lighting project as well. As soon as the purchase of power sites in the Sierras was rushed through, the survey parties were out and building operations begun.
And so it went. There were a thousand maws into which he poured unceasing streams of money. But it was all so sound and legitimate, that Daylight, born gambler that he was, and with his clear, wide vision, could not play softly and safely. It was a big opportunity, and to him there was only one way to play it, and that was the big way. Nor did his one confidential adviser, Larry Hegan, aid him to caution. On the contrary, it was Daylight who was compelled to veto the wilder visions of that able hasheesh dreamer. Not only did Daylight borrow heavily from the banks and trust companies, but on several of his corporations he was compelled to issue stock. He did this grudgingly however, and retained most of his big enterprises of his own. Among the companies in which he reluctantly allowed the investing public to join were the Golden Gate Dock Company, and Recreation Parks Company, the United Water Company, the Uncial Shipbuilding Company, and the Sierra and Salvador Power Company. Nevertheless, between himself and Hegan, he retained the controlling share in each of these enterprises.
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.