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In 1920, after the delay in fixing the German reparation embarrassed the country, and liquid cash was imperative, he left Brussels on three days' notice and within a fortnight from the time he reached New York had negotiated a fifty-million-dollar loan. He is as potent in official life as in finance for as Special Minister of State without portfolio he is a real power behind a real throne.
There was one shabby little exchange thirty years ago; but now there are fifty-two exchanges, as the nerve-centres of a vast fifty-million-dollar system. Incredible as it may seem to foreigners, it is literally true that in a single building in New York, the Hudson Terminal, there are more telephones than in Odessa or Madrid, more than in the two kingdoms of Greece and Bulgaria combined.
Out of the two old concerns a fifty-million-dollar corporation was to be formed, and a certain portion of the stock was to be sold in small lots, as low, even, as one share each, so that the public should be given a chance to participate in this unparalleled investment. Oh, it was to be a tremendous boon to the city! Bobby, much worried, went straight to Chalmers.
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