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Updated: June 7, 2025
The fact was that his mind was made up and his plan of campaign chosen, and he was now bending all his thought and energies upon the manner and details of attack. There was no time to lose, and the iron would never be hotter than now. Accordingly, when he had disposed of the accumulation of morning mail at his desk, he walked thoughtfully over to President Wintermuth's office.
When, on the following afternoon, he walked into President Wintermuth's office, if there was in his manner a certain undertrace of elation, it must be forgiven him, for this, his first stroke in his broad horizon, seemed thus far up to every expectation of success. "Well, what did you do?" was Mr. Wintermuth's greeting, as he looked up to find Smith before him.
At any rate, no tidings ever spread through the subliminal Chinese empire, warning of Magyar hordes beyond the Wall, with greater celerity than the news of Mr. Wintermuth's quest through the insurance world. The waves of it rolled echoing from office to office, from special agent to special agent, from city to city. Like vultures out of an empty sky came the effects. Circumspect as Mr.
Wintermuth's investigation of the concern and its prospectus had quickly convinced him that its officers were of far more capability in the industry of disposing of what, by a polite extension of the term, might be called securities than in manufacturing steel, and a skeptical investing public evidently reached the same conclusion, for within a month after Mr.
Wintermuth's face assumed an expression of manifest concern. "Don't be hasty, Richard," he said quickly; "the fault with all you younger men is that you're apt to go too fast. I myself have confidence in you, you understand, but I don't know that I could promise the support of the directors for any campaign of reprisals.
Eleven directors in all, including the President, were in attendance; and although no one except Mr. Wintermuth knew why they had been called together, there was an undercurrent of concern among those present. This was soon crystallized, for Mr. Wintermuth's opening words wakened the active interest and lively perturbation of every man.
Wintermuth's good fortune served him better than when he secured the Guardian's principal reinsurance treaty.
When, the following day, Smith returned, Mr. Wintermuth's first greeting was silently to hand him this letter. The younger man, with a little assistance from the President's recollection of Bartels's translation, managed to decipher the tangled German, and sat for a long minute without speaking. "Why do you suppose they're canceling?
One of the principal assets of this employee was his readiness to assume an expression, when any one inquired for the President, suggestive that in his opinion such a desire could scarcely be expected by the visitor to be gratified, and he was also supposed to decide by inquiry or intuition whether he should so far intrude on Mr. Wintermuth's privacy as to present the stranger's name.
We hold far more than we need of solid railroad bonds that net us four per cent on our investment. With very little extra risk I am sure we can secure a good deal larger return." It was a rather daring speech to make, for four per cent first-mortgage railroad bonds had been Mr. Wintermuth's idea of finance for almost a generation.
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