The Undercurrent

by Robert Grant

"It's the life after all which counts, isn't it? Everything else is of secondary importance."

"Of course," said Emil. "And when it comes to that," he added, "there's no one in the world who can pick a flaw in yours, you little saint."

"You mustn't say things like that," Constance murmured. Nevertheless, so far as it was a manifestation of confidence from the man she loved, it was pleasant to hear.

From this time her attendance at church was very infrequent. She did not cease to go altogether, but almost every Sunday was spent in expeditions in the open air. The cares resulting from the birth of two children necessarily interfered with her going regularly to service while they were infants, and as soon as they were able to walk, the Sunday outings were resumed with the little boy and girl as companions. Mr. Prentiss did not revisit the house, but on each of the two or three occasions when Constance occupied her old seat in St. Stephen's, she felt that the rector had noticed her. He had apparently left her to her devices, but his glance told her that she was not forgotten.

IV

It is fitting and fortunate that a young woman in a large city, who has given her happiness into the keeping of a man with his own way to make, should be ignorant of her peril, and that charmed by love she should take for granted that he will succeed. But the rest of the world has no excuse for being equally blind, since the rest of the world is aware that there is no recipe by which a girl of twenty can secure a guaranty either of domestic happiness or ability on the part of her lover to hold his own in the competition for a livelihood. It is easy for the moralist of society, writing at his desk, to utter the solemn truth that young people should not rush hastily into matrimony. Assuredly they should not. But after all, is it to be wondered at that so many of them do? Love is the law of life. The renewal of the race through the union of the sexes is an instinct which asserts itself in spite of code and thesis, and the institution of lawful wedlock is the bit by which civilization regulates it. Let us, says the modern scientist, isolate the degenerate members of society, the diseased, the vicious, and the improvident, and prevent them from having offspring. But still the priest of Rome, eager for fresh converts, but wise, too, in his knowledge of the law of sex, whispers to his flock "marry early," and adds under his breath, "lest ye sin." It is a part of religion, perhaps, for the daughters of the well-to-do, who have been screened from contact with the rough world, and who sit in judgment on several lovers in the paternal drawing-room, to weigh and ponder and to call in the brain to assist, or if needs be, silence the heart. Yet even they sometimes elope instead with the wrong man against whom they have been warned, and are unhappy—or happy—ever afterward. But when we turn from these privileged young persons—the pretty, daintily dressed young women in their Easter bonnets, who worship at our fashionable churches—and from some height look out over wide stretches of streets with every house alike, the homes of the average working population, and reflect that every house shelters the consequences of a marriage, shall we ask pitilessly, "How came ye so?" And if the answer of some be "we met and loved and married, and now we are miserable," shall we draw ourselves up and tell them that the fault is theirs, that marriages are (or should be) made in heaven, and that they ought to have discovered before they plighted their troth that John would be a rascal or Mary a slattern? Is it not the privilege and the blessing of the young to trust? Shall we blame them if, in the ignorance of youth and under the spell of the law of their beings, they mistake unworthy souls for their ideals?

The firm of Stuart & Robinson, dealers in lumber, had started with a small capital, but the senior partner had confidence in his capacity to do a large business. His late employers, Toler & Company, according to his opinion, had been old fogies in their methods. To adopt his own metaphor, instead of getting up early and shaking the trees, they expected to have ripe peaches served to them on Sevrès china, or, in other words, they let great opportunities slip through their fingers. He proceeded during the first year to carry out several enterprises which he had vainly called to their attention while in their service, and he had the satisfaction of proving his wisdom and of doubling the firm's assets at the same time. Emil's plans were essentially on a large scale, and he was confessedly cramped even after this success. He explained to his wife that if only he had the necessary capital, he would be able at one fell swoop to control the lumber yards and lumber market of Benham. As it was, he must wait and probably see others appropriate ideas which he had suggested by his novel and brilliant operations. The prophecy indeed proved true, and Emil saw with a morose eye what he called his harvest gleaned by others. This vindictive attitude toward the successful was the invariable frame of mind into which he relapsed when he was not carrying everything before him, and as a result those in the trade presently began to speak of him as a crank. His quick comprehension was admitted, but his associates shook their heads when his name was mentioned, and hinted that he was a dangerous man, who would bear watching. It was almost inevitable that a lean period should follow Emil's series of clever undertakings. Toward the end of the second year, he found himself in a position where he had not the means to enlarge the scope of his operations. His working capital was locked up in sundry purchases which he had expected would show quick profits, but which hung fire. If he liquidated, it must be at a loss, and the idea of a loss was always bitter to him. During a number of months he was obliged to renounce certain plans which he had in view and to remain inactive. A falling lumber market added to his complications. Prompt to act when he was convinced of error, he sold out at last his accumulated stock at a loss, which would have been much greater had he delayed a week longer. But he was left almost in the same position as when he started; the previous profits had been cut in two. This was wormwood to his restless soul. It made him moody and cynical at home, where one child and the near advent of another foreshadowed increasing expenses. He had expected by this time to be on the high road to fortune, and to be imitating the swift progress of certain individuals in Benham, who even in the short period since he had been a citizen, had risen by their superior wits from poverty to affluence and power.

But Emil's fits of depression were invariably succeeded by intervals of buoyancy. Though he still talked bitterly at home of the methods by which cold-hearted capital squeezed the small man to the wall and robbed him of his gains, he began to scheme anew, and to argue that the assets in his control were still ample for a great success if shrewdly handled. The lumber market was in the doldrums, dull and drooping. It began to look as though some of the industries of Benham had been developed too rapidly, and as though a halt, or what financiers call a healthy reaction in values, were in order. Could it be possible that all prices in Benham were inflated? The idea occurred to Emil one day, and he jumped at it eagerly. It took possession of him. He feverishly began to examine statistics, and found that Benham had experienced only one period of depression since its birth as a city at the close of the Civil War. It was time for another, and the men who were clever enough to anticipate it would reap the reward of their sagacity. What were the staples of Benham? Oil, pork, and manufactured iron. These were the industries which had given the chief impetus to the city's growth, and were its great source of wealth. Emil pondered the situation and decided to sell pork short. If a general shrinkage in values was impending, the price of pork was certain to decline. He had hitherto felt so confident of making money in his own line of business that he had never done more than cast sheep's eyes at the stock market or the markets in grain, oil, and pork futures. It had been his expectation to try ventures of this sort as soon as his capital was large enough for important transactions. It was a favorite notion of his that after he had acquired the first one hundred thousand dollars, he would be able to quadruple it in a very short time by bold dealings in stocks or commodities. He knew now that he had merely to step into a broker's office and sell pork in Chicago by wire. It was a simple thing to do and the shrewd thing, considering his own business offered no opportunity at the moment for brilliancy.

To speak to his partner seemed to Emil unnecessary. He promised himself that after he had put the firm on its feet again he would deal generously with Robinson. Since their late reverses the partnership was not borrowing much money, so its credit was not exhausted. Emil obtained from his bank as large a loan as he dared to ask for, and began to sell pork short on the strength of the proceeds. It was a process which requires small capital at the outset. That is, he had simply to keep his margin good in case the pork which he sold rose in value. To begin with he sold only a few hundred barrels, and within a fortnight the price fell smartly. Not only the price of pork, but of stocks, grain, and merchandise. Emil congratulated himself. Evidently he was correct in his judgment that a period of lower speculative values was at hand. The proper thing would be to sell everything and reap a huge fortune before the dull general public awoke to the truth. His own limited resources forbade this, which was irritating. Still, he could go on selling pork short, and this he continued to do.