With a chuckle of grave satisfaction, the banker threw himself back in the fly, and as they drove rapidly through the town he waved his hand or doffed his hat at every twenty yards. There was cordiality in every look that greeted him, and many who saw him go by turned and gazed with admiration and envy after the fine rich jovial banker.
No wonder he looked pleased. An hour ago, less than an hour ago, he had, upon reading that note, almost come to the conclusion Sir Alexander Midharst had discovered he, Grey, had "borrowed" every penny of the immense sum confided to his charge by the baronet. Such a discovery would have been to him simply and literally fatal.
Early in this year, when he disclosed the secret of the Bank to his mother, he and it were bankrupt, and all the depositors' money was gone. Pressure after pressure had come upon him after that, and all such demands had been met by "borrowing" the baronet's savings without the baronet's consent.
Three months ago he was a bankrupt, now he was a bankrupt and a thief. He had no more right to sell those Consols than to put his hand into any customer's pocket and take his purse. He had glided into the thing gradually, beginning by borrowing twenty thousand pounds, which he caused to be lodged to his own credit at his London agents in the name of Barrington, Ware, and Duncan, an imaginary firm of Boston merchants, who remitted the money through their London agent on account of supposititious dealings in hides on the western coast of the United States.
The twenty thousand had only stopped the gap for a few days. Then heavier and heavier bills came to maturity, and before there was any general uneasiness in the commercial world, one hundred thousand pounds of the baronet's savings had been "borrowed."
Then came ugly rumours of certain banking establishments; and although the Daneford Bank was always spoken of with the highest esteem in the district, the city, and in such quarters of London as it was known, the accommodation market had got very much straitened, and the Daneford Bank's London agents not only hinted they did not care to make any additional advances, but sounded Grey as to the possibility of their being able to get a little advance from him. Could he let them have fifty thousand for six weeks on Argentines they did not want to sell?
Here was a chance of showing the stability of his own concern and helping a friendly firm which might be of incalculable use to him another time. Now that he had dipped into the Midharst fund, why not go deeper? He could make something out of this transaction; and it was for the good of Sir Alexander as well as himself that he should try to pull back all the money he could, and keep the name of the Bank at the very highest level. He lent the money.
Then came other pressures because of those old speculations, a quarter of million at least; and last, more uneasy rumours in the financial world, and the possibility of a run on the Bank. At all risks the Bank must stand; for on its stability depended not only the life of Henry Walter Grey, but all chance of winning back any portion of the baronet's money.
When the moment of this decision arrived Grey put down his last stake; sold the last hundred thousand of Sir Alexander's half a million Consols, and bought the revolver. As he put the matter to himself in his figurative way, the situation now was a race between gold and lead. Would the gold, in the form of profits and deposits, come back to him in such quantities as to prevent the necessity for the outgoing of the lead?
It was on Wednesday, the 30th of May, 1866, he got that note from Mrs. Grant. He had just been calculating his chances of falling in for some of the business of the St. George's Bank. He had even put down a few figures to please and flatter his sight. It might be that if he could hold on and get—say, half the business of the Daneford branch of the St. George's Bank, the chance of the gold overtaking the lead would be enormously increased. All this was of course contingent upon Sir Alexander remaining in ignorance of the "borrowing." If that came to his ears in any way, nothing could prevent the lead overtaking the gold.