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Updated: May 19, 2025
"It's curious that it didn't cost me quite as much as most people expected. Still, what I've given you is excellent advice." He waved his hand as though to indicate that he had closed the subject, but when Weston took his departure half an hour later the contractor looked remarkably thoughtful. "If he weren't up against the Hogarth Combine he and Wannop might put that scheme through," he mused.
The broker, who sat down again, made a little dejected gesture. "I guess the game is up. They're going back on us," he said. "In a way, I don't blame them. The Hogarth people have scared them off. They're not big enough." "Have you any idea as to what they'll do?" Weston asked. Wannop nodded. "Oh, yes," he said. "They'll hold out a month or two, and piffle away at the adit to save appearances.
What we want is such a strike of ore as will startle mining investors." "Anything else?" Stirling asked suggestively. "Well," said Wannop, "we're not likely to get it. If a good strong buyer, who could wait, were to take hold, it would help us as much as anything." "Quite sure?" asked Stirling very dryly. "Isn't it evident? It would stiffen prices and scare off the Hogarth brokers.
I shall naturally lose a little on every deal of that kind, but the only real trouble will be when you quietly gather in as much as possible of the stock the other people are offering. It will have to be done without raising suspicions, and before their broker can report and ask for instructions." Wannop struck the table. "There's some hazard in it but it's a great idea," he said.
We should have spent more money, taken first-class offices, and turned out floods of illustrated pamphlets." "I just want to ask how you're going to spend money that you haven't got?" said Wannop. "I was quite willing to take the money. You wouldn't put it up." There was a little laughter, and the meeting broke up; but Weston stayed behind with Wannop when the others went down the stairway.
Now, of course, if you hold most of the available stock you have the whip hand of us. We'll admit that right away, and we're quite prepared to face any reasonable tax you and Wannop may think fit to exact. Still, it might be wiser to be reasonable." "How much do you want?" Stirling asked. They told him how many shares, and Stirling appeared to consider.
"You'd take their word?" Wannop asked. "Yes," said Stirling, with an air of whimsical reflection; "in this case, anyway, I 'most think I could. They've had about enough of the Grenfell Consols. I guess they found them prickly." Then he went out, and Wannop despatched a telegram to Weston, who left the mine immediately after it reached him.
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