At Kriegler"s, Wallingford found Jasper and two other stockholders, and he drew them aside to a corner table. For a quarter of an hour he was jovial with them, and once more they felt the magnetic charm of his personality, though each one secretly feared that he had come again for money. He had, but not for himself.
"The treasury is empty," he calmly informed them, during a convenient pause, "and the Corley Machine Company insist on having their bill paid.
We owe them two thousand dollars, and it will take five thousand more to complete the covering machine."
"You"ve been wasting money in the company as you do at home," charged David, flaring up at once with long-suppressed grievances. "You had thirty thousand cash to begin with. I was down to the Corley Machine Company myself, day before yesterday, and I saw a pile of things you had them make and throw away that they told me cost nearly five thousand dollars."
"They didn"t show you all of it," returned Wallingford coolly. "There"s more. You don"t expect to perfect a machine without experimenting, do you? Now you let me alone in this. I know my business, and no man can say that I am not going after the best results in the best way. You fellows figure on expense as if we were conducting a harness shop or a grocery store," he continued, whereat Jasper and Lewis reddened with resentment of the sort for which they could not find voice. "Rent, light, power, and wages eat up money every day," he reminded them, "and every day"s delay means that much more waste. We _must_ have money to complete this covering machine, and we must have it at once. There is twenty thousand dollars" worth of treasury stock for sale, aside from the hundred thousand held in reserve until we are ready to manufacture.
That extra stock must be sold right away! I leave it to you," he concluded, rising. "I"m not a stock salesman," and with that brazen statement he left them.
The statement was particularly brazen because that very morning, after he left these men, he disposed of a five-thousand-dollar block of his own stock and turned the money over to his wife before he returned to the office in the afternoon. Lamb received him in a torrent of impatience.
"I feel like a cheat," he declared. "The Corley people were over here again, and say that they do not know us. They only know our money, and they want some at once or they will not proceed with the machinery."
"I have been doing what I could," replied Wallingford. "I put the matter up to Jasper and Lewis and Nolting this morning. I told them they would have to sell the extra treasury stock."
"You did!" exclaimed Lamb. "Why did you go to them? Why didn"t you go out and sell the stock yourself?"
"I am not a stock salesman, my boy."
"You have been active enough in selling your private stock," charged Lamb.
"That"s my business," retorted Mr. Wallingford. "I am strictly within my legal rights in disposing of my own stock. It is my property, to do with as I please."
"It is obtaining money under false pretenses, for until you have completed this machinery and made a market for our goods, the stock you have sold is not worth the paper it is printed on. It represents no value whatever."
"It represents as much value as treasury stock or any other stock,"
retorted Mr. Wallingford. "By the way, make a transfer of this fifty-share certificate to Thomas D. Caldwell."
"Caldwell!" exclaimed Lamb. "Why, he is one of the very men we have been trying to interest in some of this treasury stock. He is of our lodge.
Last week we had him almost in the notion, but he backed out."
"When the right man came along he bought," said Wallingford, and laughed.
"This money should have gone into our depleted treasury," Lamb declared hotly. "I refuse to make the transfer."
"I don"t care; it"s nothing to me. I have the money and I shall turn over this certificate to Mr. Caldwell. When he demands the transfer you will have to make it."
"There ought to be some legal way to compel this sale to be made of treasury stock."
"Possibly," admitted Mr. Wallingford; "but there isn"t. You will find, my boy, that everything I do is strictly within the pale of the law. I can go into any court and prove that I am an honest man."
Lamb sprang angrily from his chair.
"You"re a thief," he charged, his eyes flashing.
"I"m not drawing any salary for it," replied Wallingford, and Lamb halted his anger with a sickened feeling. The two hundred dollars a month that he had been drawing lay heavily upon his conscience.
"I"m going to ask for a reduction in my pay at the next meeting," he declared. "I cannot take the money with a clear conscience."
"That"s up to you," replied Wallingford; "but I want to remind you that unless money is put into this treasury within a day or so the works are stopped," and he went out to climb into his auto, leaving the secretary to some very sober thought.
Well, Lamb reflected, what was there to do? But one thing: raise the money by the sale of treasury stock to replenish their coffers and carry on the work. He wished he could see his friend Jasper. The wish was like sorcery, for no more was it uttered than David and Mr. Lewis came in.
They were deeply worried over the condition into which affairs had been allowed to drift, but Lamb had cooled down by this time. He allowed them to hold an indignation meeting for a time, but presently he reminded them that, after all, no matter what else was right or wrong, it would be necessary to raise money--that the machine must be finished. They went over to the shop to look at it. The workmen were testing it by hand when they arrived, and it was working with at least a fair degree of accuracy. The inspection committee did not know that the device was entirely impractical. All that they saw was that it produced the result of a finished tack with a cover of colored cloth glued tightly to its head, and to them its operation was a silent tribute to the genius of the man they had been execrating. They came away encouraged. It was Mr.
Lewis who expressed the opinion which was gaining ground with all of them.
"After all," he declared, "we"re bound to admit that he"s a big man."
The result was precisely what Wallingford had foreseen. These men, to save their company, to save the money they had already invested, raised ten thousand dollars among them. David Jasper put another five-thousand-dollar mortgage on his property; Mr. Lewis raised two thousand, and Edward Lamb three thousand, and with this money they bought of the extra treasury stock to that amount. J. Rufus Wallingford returned in the morning. The stock lay open for him to sign; there was ten thousand dollars in the treasury, and a check to the Corley Machine Company, already signed by the treasurer, was also awaiting his signature.
The eight thousand dollars that was left went at a surprisingly rapid rate, for, with a love for polished detail, Wallingford had ordered large quant.i.ties of shipping cases, stamps to burn the company"s device upon them, j.a.panned steel signs in half a dozen colors to go with each shipment, and many other expensive incidentals, besides the experimental work. There were patent applications and a host of other acc.u.mulating bills that gave Lamb more worry and perplexity than he had known in all his fifteen years of service with the Dorman Company. The next replenishment was harder. To get the remaining ten thousand dollars in the treasury, the already committed stockholders sc.r.a.ped around among their friends to the remotest acquaintance, and placed scrip no longer in blocks of five thousand, but of ten shares, of five shares, even in driblets of one and two hundred dollars, until they had absorbed all the extra treasury stock; and in that time Wallingford, by appointing a St.
Louis agent, had managed to dispose of twenty thousand dollars" worth of his own holdings. He was still "cleaning up," and he brought in his transfer certificates with as much nonchalance as if he were turning in orders for tacks.
Rapid as he now was, however, he did not work quite fast enough. He had still some fifteen thousand dollars" worth of personal stock when, early one morning, a businesslike gentleman stepped into the office where Lamb sat alone at work, and presented his card. It told nothing beyond the mere fact that he was an attorney.
"Well, Mr. Rook, what can I do for you?" asked Lamb pleasantly, though not without apprehension. He wondered what J. Rufus had been doing.
"Are you an officer of the Universal Covered Tack Company?" inquired Mr.
Rook.
"The secretary; Edward Lamb."
"Quite so. Mr. Lamb, I represent the Invisible Carpet Tack Company, and I bring you their formal notification to cease using their device;"
whereupon he delivered to Edward a doc.u.ment. "The company a.s.sumes that you are not thoroughly posted as to its article of manufacture, nor as to its patents covering it," he resumed. "They have been on the market three years with this product."
From his pocket he took a fancifully embellished package, and, opening it, he poured two or three tacks into Edward"s hand. With dismay the secretary examined one of them. It was an ordinary carpet tack, such as they were about to make, but with a crimson-covered top. Dazed, scarcely knowing what he was doing, he mechanically took his knife from his pocket and cut the cloth from it. The head was roughened for gluing precisely as had been planned for their own!
"a.s.suming, as I say, that you are not aware of the encroachment," the attorney went on, "the Invisible Company does not desire to let you invite prosecution, but wishes merely to warn you against attempting to put an infringement of their goods on the market. They have plenty of surplus capital, and are prepared to defend their rights with all of it, if necessary. Should you wish to communicate with me or have your counsel do so, my address is on that card," and, leaving the paper of tacks behind him, Mr. Rook left the office.
Without taking the trouble to investigate, Lamb knew instinctively that the lawyer was right, an opinion which later inquiry all too thoroughly corroborated. For three years the Invisible Carpet Tack Company had been supplying precisely the article the Universal Company was then striving to perfect. What there was of that trade they had and would keep, and a sickening realization came to the secretary that it meant a total loss to himself and his friends of practically everything they possessed. The machinery in which their money was invested was special machinery that could be used for no other purpose, and was worth but little more than the price of sc.r.a.p iron. Every cent that they had invested was gone!
His first thought was for David Jasper. As for himself, he was young yet. He could stand the loss of five thousand. He could go back to Dorman"s, take his old position and be the more valuable for his ripened experience, and there was always a chance that a minor partnership might await him there after a few more years; but as for Jasper, his day was run, his sun had set. It was a hard task that confronted the secretary, but he must do it. He called up Kriegler"s and asked for David Jasper, and when David came to the telephone he told him what had happened. Over and over, carefully and point by point, he had to explain it, for his friend could not believe, since he could not even comprehend, the blow that had fallen upon him. Suddenly, Lamb found there was no answer to a question that he asked. He called anxiously again and again. He could hear only a confused murmur in the "phone. There were tramping feet and excited voices, and he gathered that the receiver was left dangling, that no one held it, that no one listened to what he said. Hastily putting on his coat and hat, he locked the office and took a car for the North Side.
J. Rufus Wallingford himself was busy that morning, and in the North Side, too. His huge car whirled past the little frame houses that were covered with mortgages which would never be lifted, and stopped before the home of David Jasper. His jaw was hanging loosely, his big, red face was bloated and splotched, and his small eyes were bloodshot, though they glowed with a somber fire. He had been out all night, and this was one of the few times he had been indiscreet enough to carry his excesses over into the morning; usually he was alcohol proof. At first, blinking and blearing in the sunlight, he had been numb; but an hour"s swift ride in the fresh air of the country had revived him, while the ascending sun had started into life again the fumes of the wine that he had drunk, so that all of the evil within him had come uppermost without the restraining caution that belonged to his sober hours. In his abnormal condition the thought had struck him that now was the time for the final coup--that he would dispose of his remaining shares of stock at a reduced valuation and get away, at last, from the irksome tasks that confronted him, from the dilemma that was slowly but surely encompa.s.sing him. In pursuance of this idea it had occurred to him, as it never would have done in his sober moments, that David Jasper could still raise money and that he could still be made to do so. Lumbering back to the kitchen door, he knocked upon it, and Ella Jasper opened it. Ella had finished her morning"s work hurriedly, for she intended to go downtown shopping, and was already preparing to dress. Her white, rounded arms were bared to the elbow, and her collar was turned in with a "V" at the throat.
The somber glow in Wallingford"s eyes leaped into flame, and, without stopping to question her, he pushed his way into the kitchen, closing the door behind him. He lurched suddenly toward her, and, screaming, she flew through the rooms toward the front door. She would have gained the door easily enough, and, in fact, had just reached it, when it opened from the outside, and her father, accompanied by his friend Lewis, came suddenly in. For half an hour, up at Kriegler"s, they had been restoring David from the numb half-trance in which he had dropped the receiver of the telephone, and even now he swayed as he walked, so that his condition could scarcely have been told from that of Wallingford when the latter had come through the gate. But there was this difference between them: the strength of Wallingford had been dissipated; that of Jasper had been merely suspended. It was a mental wrench that had rendered him for the moment physically incapable. Now, however, when he saw the author of all his miseries, a hoa.r.s.e cry of rage burst from him, and before his eyes there suddenly seemed to surge a red mist. Hale and st.u.r.dy still, a young man in physique, despite his sixty years, he sprang like a tiger at the adventurer who had wrecked his prosperity and who now had held his home in contempt.
There was no impact of strained bodies, as when two warriors meet in mortal combat; as when attacker and defender prepare to measure prowess.
Instead, the big man, twice the size and possibly twice the lifting and striking strength of David Jasper, having on his side, too, the advantage of being in what should have been the summit of life, shrank back, pale to the lips, suddenly whimpering and crying for mercy. It was only a limp, resistless man of blubber that David Jasper had hurled himself upon, and about whose throat his lean, strong fingers had clutched, the craven gurgling still his appeals for grace. Ordinarily this would have disarmed a man like David Jasper, for disgust alone would have stayed his hand, have turned his wrath to loathing, his righteous vengefulness to nausea; but now he was blind, blood-mad, and he bore the huge spineless lump of moral putty to the floor by the force of his resistless onrush.
"Man!" Lewis shouted in his ear. "Man, there"s a law against that sort of thing!"
"Law!" screamed David Jasper. "Law! Did it save me my savings? Let me alone!"
The only result of the interference was to alter the direction of his fury, and now, with his left hand still gripping the throat of his despoiler, his stalwart fist rained down blow after blow upon the hated, fat-jowled face that lay beneath him. It was a brutal thing, and, even as she strove to coax and pull her father away, Ella was compelled to avert her face. The smacking impact of those blows made her turn faint; but, even so, she had wit enough to close the front door, so that morbid curiosity should not look in upon them nor divine her father"s madness.
Just as she returned to him, however, and even while his fist was upraised for another stroke at that sobbing coward, a spasmodic twitch crossed his face as he gasped deeply for air, and he toppled to the floor, inert by the side of his enemy. Age had told at last. In spite of an abstemious life, the unwonted exertion and the unwonted pa.s.sion had wreaked their punishment upon him.
It was David"s friend Lewis who, with white, set face, helped Wallingford to his feet, and, without a word, scornfully shoved him toward the door, throwing his crumpled hat after him as he pa.s.sed out.
With blood upon his face and two rivulets of tears streaming down across it, J. Rufus Wallingford, the suave, the gentleman for whom all good things of earth were made and provided, ran sobbing, with downstretched quivering lips, to his automobile. The chauffeur jumped out for a moment to get the hat and to dip his kerchief in the stream that he turned on for a moment from the garden hydrant; coming back to the machine, he handed the wet kerchief to his master, then, without instructions, he started home. When his back was thoroughly turned, the chauffeur, despite that he had been well paid and extravagantly tipped during all the months of his fat employment, smiled, and smiled, and kept on smiling, and had all he could do to prevent his shoulders from heaving.