The Financier [31]
mouth, and wonder at the process by which children came into the world. There was so much to think of in this connection--the spermatozoic beginning, the strange period of gestation in women, the danger of disease and delivery. He had gone through a real period of strain when Frank, Jr., was born, for Mrs. Cowperwood was frightened. He feared for the beauty of her body--troubled over the danger of losing her; and he actually endured his first worry when he stood outside the door the day the child came. Not much--he was too self-sufficient, too resourceful; and yet he worried, conjuring up thoughts of death and the end of their present state. Then word came, after certain piercing, harrowing cries, that all was well, and he was permitted to look at the new arrival. The experience broadened his conception of things, made him more solid in his judgment of life. That old conviction of tragedy underlying the surface of things, like wood under its veneer, was emphasized. Little Frank, and later Lillian, blue-eyed and golden-haired, touched his imagination for a while. There was a good deal to this home idea, after all. That was the way life was organized, and properly so--its cornerstone was the home.
It would be impossible to indicate fully how subtle were the material changes which these years involved--changes so gradual that they were, like the lap of soft waters, unnoticeable. Considerable--a great deal, considering how little he had to begin with--wealth was added in the next five years. He came, in his financial world, to know fairly intimately, as commercial relationships go, some of the subtlest characters of the steadily enlarging financial world. In his days at Tighe's and on the exchange, many curious figures had been pointed out to him--State and city officials of one grade and another who were "making something out of politics," and some national figures who came from Washington to Philadelphia at times to see Drexel & Co., Clark & Co., and even Tighe & Co. These men, as he learned, had tips or advance news of legislative or economic changes which were sure to affect certain stocks or trade opportunities. A young clerk had once pulled his sleeve at Tighe's.
"See that man going in to see Tighe?"
"Yes."
"That's Murtagh, the city treasurer. Say, he don't do anything but play a fine game. All that money to invest, and he don't have to account for anything except the principal. The interest goes to him."
Cowperwood understood. All these city and State officials speculated. They had a habit of depositing city and State funds with certain bankers and brokers as authorized agents or designated State depositories. The banks paid no interest--save to the officials personally. They loaned it to certain brokers on the officials' secret order, and the latter invested it in "sure winners." The bankers got the free use of the money a part of the time, the brokers another part: the officials made money, and the brokers received a fat commission. There was a political ring in Philadelphia in which the mayor, certain members of the council, the treasurer, the chief of police, the commissioner of public works, and others shared. It was a case generally of "You scratch my back and I'll scratch yours." Cowperwood thought it rather shabby work at first, but many men were rapidly getting rich and no one seemed to care. The newspapers were always talking about civic patriotism and pride but never a word about these things. And the men who did them were powerful and respected.
There were many houses, a constantly widening circle, that found him a very trustworthy agent in disposing of note issues or note payment. He seemed to know so quickly where to go to get the money. From the first he made it a principle to keep twenty thousand dollars in cash on hand in order to be able to take up a proposition instantly and without discussion. So, often he was able to say, "Why, certainly, I can do that," when otherwise, on the face of things, he would not have been able to do so. He was asked if he would
It would be impossible to indicate fully how subtle were the material changes which these years involved--changes so gradual that they were, like the lap of soft waters, unnoticeable. Considerable--a great deal, considering how little he had to begin with--wealth was added in the next five years. He came, in his financial world, to know fairly intimately, as commercial relationships go, some of the subtlest characters of the steadily enlarging financial world. In his days at Tighe's and on the exchange, many curious figures had been pointed out to him--State and city officials of one grade and another who were "making something out of politics," and some national figures who came from Washington to Philadelphia at times to see Drexel & Co., Clark & Co., and even Tighe & Co. These men, as he learned, had tips or advance news of legislative or economic changes which were sure to affect certain stocks or trade opportunities. A young clerk had once pulled his sleeve at Tighe's.
"See that man going in to see Tighe?"
"Yes."
"That's Murtagh, the city treasurer. Say, he don't do anything but play a fine game. All that money to invest, and he don't have to account for anything except the principal. The interest goes to him."
Cowperwood understood. All these city and State officials speculated. They had a habit of depositing city and State funds with certain bankers and brokers as authorized agents or designated State depositories. The banks paid no interest--save to the officials personally. They loaned it to certain brokers on the officials' secret order, and the latter invested it in "sure winners." The bankers got the free use of the money a part of the time, the brokers another part: the officials made money, and the brokers received a fat commission. There was a political ring in Philadelphia in which the mayor, certain members of the council, the treasurer, the chief of police, the commissioner of public works, and others shared. It was a case generally of "You scratch my back and I'll scratch yours." Cowperwood thought it rather shabby work at first, but many men were rapidly getting rich and no one seemed to care. The newspapers were always talking about civic patriotism and pride but never a word about these things. And the men who did them were powerful and respected.
There were many houses, a constantly widening circle, that found him a very trustworthy agent in disposing of note issues or note payment. He seemed to know so quickly where to go to get the money. From the first he made it a principle to keep twenty thousand dollars in cash on hand in order to be able to take up a proposition instantly and without discussion. So, often he was able to say, "Why, certainly, I can do that," when otherwise, on the face of things, he would not have been able to do so. He was asked if he would