So I showed Mr. Guggenbaum what I could do with the stock. "I can put that dividend," I says, "clean down to zero—and they'll none of them know why. You can buy the lot of them out at your own price, and after that I'll put the dividend back to fifteen, or twenty, in two years."
"And where do you come in?" says the old man, with a sort of hard look. He had a fine business head, the old man, at least in those days.
So I explained to him where I came in. "All right," he said. "Go ahead. But I'll put nothing in writing." "Mr. Guggenbaum, you don't need to," I said. "You're as fair and square as I am and that's enough for me."
His daughter let me out of the house door when I went. I guess she'd been pretty scared that she'd done wrong about letting me in. But I said to her it was all right, and after that when I wanted to see the old man I'd always ask for her and she'd see that I got in all right.
Got them squeezed out? Oh, yes, easy. There wasn't any trouble about that. You see the old man worked up a sort of jolt in wholesale leather on one side, and I fixed up a strike of the hands on the other. We passed the dividend two quarters running, and within a year we had them all scared out and the bulk of the little shareholders, of course, trooped out after them. They always do. The old man picked up the stock when they dropped it, and one-half of it he handed over to me.
That's what put me where I am now, do you see, with the whole control of the industry in two states and more than that now, because we have the Amalgamated Tanneries in with us, so it's practically all one concern.
Guggenbaum? Did I squeeze him out? No, I didn't because, you see, I didn't have to. The way it was—well, I tell you—I used to go up to the house, see, to arrange things with him—and the way it was—why, you see, I married his daughter, see, so I didn't exactly need to squeeze him out. He lives up with us now, but he's pretty old and past business. In fact, I do it all for him now, and pretty well everything he has is signed over to my wife. She has no head for it, and she's sort of timid anyway —always was—so I manage it all. Of course, if anything happens to the old man, then we get it all. I don't think he'll last long. I notice him each day, how weak he's getting.
My son in the business? Well, I'd like him to be. But he don't seem to take to it somehow—I'm afraid he takes more after his mother; or else it's the college that's doing it. Somehow, I don't think the colleges bring out business character, do you?