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Updated: May 26, 2025


In the midst of my reflections my telephone rang again. "Mr. Randolph, for Heaven's sake have you done nothing yet?" It was Fred Brownley's voice. "Things are frightful here. Bob's brokers are selling stocks at five and ten thousand-lot clips. Barry Conant is leading Reinhart's forces.

"And my lady has so little sleep," they said, pityingly, "we never awake her." I wish, my darling, that for both of us it had been the long, sweet sleep from which there is no awaking. The first three days following Miss Reinhart's arrival were a holiday. My father himself showed her over the house, took her through the picture galleries, told her all the legends of the place.

She's a cellar-to-ridge-pole ripper. They're down 40 or over on an average. Anti-People's is down to 35, and still coming like sawdust over a broken dam. Barry Conant's house and a dozen other of Reinhart's have gone under. His banks and trust companies are going every minute. The whole Street will be overboard before the close.

Reinhart's experience began to accumulate very early, for at Pittsburgh, where he was born, he was free to draw to his heart's content. There was no romantic attempt, as I gather, to nip him in the bud. On the contrary, he was despatched with almost prosaic punctuality to Europe, and was even encouraged to make himself at home in Munich.

I hate to do it, but there is no other hope." I dropped the receiver and started for Bob's office. As I went through his counting-room one of the clerks said, "They have just broken Anti-People's to 90 on a bulletin that Tom Reinhart's wife and only daughter have been killed in an automobile accident at their place in Virginia. They first had it that Reinhart himself was killed.

This word represents, at any rate, Mr. Reinhart's youthful history, and the profusion in which, though no doubt occasionally disguised, the boon was supplied to him in the offices of Harper's Magazine. There is nothing so innate that it has not also to be learned, for the best part of any aptitude is the capacity to increase it. Mr.

Reinhart's apprenticeship to pictorial journalism, positively recent as they are, already are almost prehistoric. To-morrow, at least, the complexion of that time, its processes, ideas and standards, together with some of the unsophisticated who carried them out, will belong to old New York.

What was more precious even than Lili Reinhart's memories were her books. She had a small library of French books: school books, a few novels, a few volumes bought at random. Christophe, greedy of knowledge and ignorant of France, thought them a treasure when Reinhart went and got them for him and put them at his disposal.

Randolph, there is no possibility of relief except in fairly using that $30,000, and fairly winning back what Wall Street has stolen from father. Even that will cause both of us many twinges of conscience, and anything more is impossible. If this cannot be done, father must, all of us must, pay the penalty of Reinhart's ruthless act."

Excellently composed but not artificial, deeply touching but not sentimental, large, close and sober, this important work gives the full measure of Mr. Reinhart's great talent and constitutes a kind of pledge. It may be perverse on my part to see in it the big banknote, as it were, which may be changed into a multitude of gold and silver pieces. I cannot, however, help doing so.

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