"Every one expects the Associated Trust to be the next," said Beecher frankly.
"Probably. I'll tell you one bit of news," he added quietly. "The Clearing-house will refuse to clear for us this afternoon."
"But that means failure," said Mrs. Kildair, with a quick glance at him.
"We shall see."
"But the run has already started."
"Oh, yes; we have paid off five depositors already," he said, with a smile that was almost imperceptible.
"Only five?"
"It takes a long time to verify some accounts. Then the law allows discretion in payment—takes quite a while to count out five thousand in half dollars." All at once he leaned forward heavily and began to speak, contemplatively interested. "The real truth is the thing that is never known. The newspapers never print the news. Sometimes it is given to them in confidence, to make certain that they won't print it. How much do you suppose will ever be known of the real causes of the present crisis? Nothing. They may let the market go to the dogs for three days, six days, a month, ruin thousands of victims, and the public will never know that the whole thing can be stopped now, in twenty-four hours, by ten men. And, when they get ready, ten men will stop it. Then there'll be columns of adulation—patriotic services, unselfish devotion, and all that; and what will have happened—ten men will be in pocket a few millions as the result of their sacrificing devotion. The public must have a victim in order to be calmed, to be satisfied that everything has been changed. Then a weak man, some unlucky lieutenant, will be served up, and things will go on again, until one group of millions is ready to attack another. How the public will howl! Majendie has taken the gambler's risk; Majendie has failed. There's the crime—failure; and yet, ninety per cent. of the fortunes today have turned on the scale—up or down—win or lose. For every promoter that wins, twenty fail with a little different turn of the luck.
"We're all criminals—only we don't steal directly. We get it done for us. We want franchises for a great railroad system. We shut our eyes—hire an agent—go out and get this, no strings, no directions—show us only your results! Everything is in irresponsibility. A million dollars can commit no crime. After all, it's in the motive—a man who steals because he's hungry is a thief; a corporation that bribes a legislature and steals franchises, to create a great system of transportation, is performing a public service. It's all in what you're after. There're two ways to look at every big man; see the two periods—first, when he is trying to get together money—power; and second, what he creates when he has it. Same in politics—a man's better in office than running for it. Every man of power wants to arrive, anything to arrive, but when he gets there—then's the second period. The way to judge us is whether we want money only, or money to create something big."
"And you?"