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It was good business to tell the truth at times. His testimony was very direct and very simple. He had known Mr. Frank Algernon Cowperwood for nearly ten years. He had done business with or through him nearly all of that time. He knew nothing of his personal relations with Mr. Stener, and did not know Mr. Stener personally.
"He said, as near as I can remember," replied Stener, drumming on the arms of the witness-chair in a nervous way, "that if I didn't give him three hundred thousand dollars he was going to fail, and I would be poor and go to the penitentiary." "Object!" shouted Stager, leaping to his feet. "Your honor, I object to the whole manner in which this examination is being conducted by the prosecution.
Under Shannon's skillful guidance Stener elucidated just what this scheme was which wasn't exactly so flattering to the honesty of men in general as it was a testimonial to their subtlety and skill.
The condition of the Republican party at this time in Philadelphia, its relationship to George W. Stener, Edward Malia Butler, Henry A. Mollenhauer, Senator Mark Simpson, and others, will have to be briefly indicated here, in order to foreshadow Cowperwood's actual situation. Butler, as we have seen, was normally interested in and friendly to Cowperwood. Stener was Cowperwood's tool.
You must not forget that in considering the evidence in this case. Did George W. Stener, knowing or suspecting that Frank A. Cowperwood was in a tight place financially, unable to fulfill any longer properly and honestly the duties supposedly devolving on him by this agreement, terminate it then and there on October 9, 1871, before this check for sixty thousand dollars was given, or did he not?
From all I can learn, Cowperwood's been threatenin' Stener with one thing and another if he didn't give him more money, and only the other day he got a big sum on false pretinses, which might make him equally guilty with Stener. There's sixty-thousand dollars of city loan certificates that has been paid for that aren't in the sinking-fund.
In the large room outside Stener's private office he encountered Albert Stires, Stener's chief clerk and secretary. He and Albert had exchanged many friendly greetings in times past, and all the little minor transactions in regard to city loan had been discussed between them, for Albert knew more of the intricacies of finance and financial bookkeeping than Stener would ever know.
Jacob Borchardt write the letters to which his name was attached? He did not. Mr. Abner Sengstack wrote them in Mr. Mollenhauer's office, and Mr. Mollenhauer's comment when he saw them was that he thought they would do that they were very good, in fact. And did Mr. George W. Stener, city treasurer of Philadelphia, write that very politic reply? He did not. Mr.
And yet, as he stood before his principal creditors a group of thirty men in his office, he did not feel that his life was ruined. He was temporarily embarrassed. Certainly things looked very black. The city-treasurership deal would make a great fuss. Those hypothecated city loan certificates, to the extent of sixty thousand, would make another, if Stener chose.
Stener and those behind him were, through him, acting for themselves. If the larger powers heard of this, it might alienate them. He had to think of this. Still, if he refused to make advantageous deals with Stener or any other man influential in local affairs, he was cutting off his nose to spite his face, for other bankers and brokers would, and gladly.
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