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Strobik thought we ought to act pretty soon." "I'll tend to it, George," replied Cowperwood, confidently. "It will come out all right. Leave it to me." Stener kicked his stout legs to straighten his trousers, and extended his hand. He strolled out in the street thinking of this new scheme.
Life was war particularly financial life; and strategy was its keynote, its duty, its necessity. Why should he bother about petty, picayune minds which could not understand this? He went over his history for Steger and the jury, and put the sanest, most comfortable light on it that he could. He had not gone to Mr. Stener in the first place, he said he had been called. He had not urged Mr.
"I'm going to make one more appeal to Stener after you leave here," he said. "I'm going over there with Harper Steger when he comes. If he won't change I'll send out notice to my creditors, and notify the secretary of the exchange. I want you to keep a stiff upper lip, whatever happens. I know you will, though. I'm going into the thing head down. If Stener had any sense " He paused.
In the first place, since the certificates were going ultimately to reach par anyway, there was no objection to Stener or any one else buying low at the opening price and holding for a rise. Cowperwood would be glad to carry him on his books for any amount, and he would settle at the end of each month. He would not be asked to buy the certificates outright.
Through an advance to him, on deposit, made in his bank by Stener at a time when the stock of the Seventeenth and Nineteenth Street line was at a low ebb, he had managed to pick up fifty-one per cent. of the stock for himself and Stener, by virtue of which he was able to do as he pleased with the road.
He tells you that sometime back in the year 1866 he was greatly in need of some one, some banker or broker, who would tell him how to bring city loan, which was selling very low at the time, to par who would not only tell him this, but proceed to demonstrate that his knowledge was accurate by doing it. Mr. Stener was an inexperienced man at the time in the matter of finance. Mr.
One of the things curiously enough at this time, which worked in Cowperwood's favor, was the fact that Bonhag was friendly with the overseer who had Stener in charge, and Stener, because of his political friends, was being liberally treated, and Bonhag knew of this.
Stener had always been very tractable, and in this instance would see how important it was that his shortage of half a million should not be made public. Then he must get as much more as possible. But where to get it? Presidents of banks and trust companies, large stock jobbers, and the like, would have to be seen. Then there was a loan of one hundred thousand dollars he was carrying for Butler.
It was really not possible to let out the one and ignore the other; and this petition, coupled with Butler's death, cleared the way very nicely. Nevertheless, nothing was done until the March following Butler's death, when both Stener and Cowperwood had been incarcerated thirteen months a length of time which seemed quite sufficient to appease the anger of the public at large.
Cowperwood, on his own behalf, will testify another. It will then be for you gentlemen to decide between them, to decide which one you prefer to believe Mr. George W. Stener, the ex-city treasurer, the former commercial associate of Mr.
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