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Updated: May 9, 2025
As a matter of fact, he did not care to talk about this business at all. Cowperwood was busy at this very time, through an agent, attempting to effect a compromise and union of all interests concerned. It was not going very well. "Humph!" commented Schryhart. He was wondering why men like himself, Merrill, Arneel, and others had not worked into this field long ago or bought out the old companies.
I, personally, cannot sink any more money. But why don't you go and see Schryhart and Arneel? I've been talking to them, and they seem to be in a position similar to my own; but if they are willing to confer, I am. I don't see what's to be done, but it may be that all of us together might arrange some way of heading off the slaughter of the stock to-morrow. I don't know.
The papers were full of it. "Well, let him go," observed Arneel to Hand, sourly, on the day that Addison notified the board of directors of the Lake City of his contemplated resignation. "If he wants to sever his connection with a bank like this to go with a man like that, it's his own lookout. He may live to regret it."
Now, if there isn't money available from some source to enable you gentlemen to turn around, there will be a number of other failures. Runs may be started on a half-dozen banks. Time is the essence of a situation like this, and we haven't any time." Mr. Arneel paused and looked around. A slight buzz of conversation sprang up, mostly bitter and destructive criticism of Cowperwood.
Hand was back of it, he knew for so McKenty and Addison had quickly discovered and with Hand was Schryhart, Arneel, Merrill, the Douglas Trust Company, the various editors, young Truman Leslie MacDonald, the old gas crowd, the Chicago General Company all. He even suspected that certain aldermen might possibly be suborned to desert him, though all professed loyalty.
Hand, Schryhart, Arneel, and Merrill, weighted with this inpouring flood of stock, which they had to take at two-twenty, hurried to their favorite banks, hypothecating vast quantities at one-fifty and over, and using the money so obtained to take care of the additional shares which they were compelled to buy. At last, however, their favorite banks were full to overflowing and at the danger-point.
"Hear, hear!" exclaimed Schryhart, laying a fervently sympathetic hand on his shoulder. "Every dollar that I have is at your service, Hosmer. This fellow can't win eventually. I'm with you to the end." Arneel, walking with Merrill and the others to the door, was silent and dour. He had been cavalierly affronted by a man who, but a few short years before, he would have considered a mere underling.
These uncertain phases of affection could become very trying at times. He wished he were young again, single. To-night, therefore, this thought was haunting him like a gloomy undertone, when at half past eleven the telephone rang once more, and he heard a low, even voice which said: "Mr. Cowperwood? This is Mr. Arneel." "Yes."
These four men were by no means an exception to this rule. Messrs. Schryhart, Hand, Arneel, and Merrill were concerned as to the good name of Chicago and their united standing in the eyes of Eastern financiers.
Schryhart kicked out his well-rounded legs, adjusted his soft-roll collar, and smoothed his short, crisp, wiry, now blackish-gray mustache. His black eyes flashed an undying hate. At this point Mr. Arneel, with a cogency of reasoning which did not at the moment appear on the surface, inquired: "Do any of you happen to know anything in particular about the state of Mr.
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