"Perhaps," said Bob, "upon general principles you may be right; but then remember that we have a vested interest in the line."
"Vested interest be hanged!"
"That"s very well; at the same time it is no use to kill your salmon in a hurry. The bulls have done their work pretty well for us, and we ought to keep something on hand for the bears; they are snuffing at it already. I could almost swear that some of those fellows who have sold to-day are working for a time-bargain."
We accordingly got rid of a couple of thousand shares, the proceeds of which not only enabled us to discharge the deposit loan, but left us a material surplus. Under these circ.u.mstances a two-handed banquet was proposed and unanimously carried, the commencement of which I distinctly remember, but am rather dubious as to the end. So many stories have lately been circulated to the prejudice of railway directors that I think it my duty to state that this entertainment was scrupulously defrayed by ourselves and _not_ carried to account, either of the preliminary survey, or the expenses of the provisional committee.
Nothing effects so great a metamorphosis in the bearing of the outer man as a sudden change of fortune. The anemone of the garden differs scarcely more from its unpretending prototype of the woods than Robert M"Corkindale, Esq., Secretary and Projector of the Glenmutchkin Railway, differed from Bob M"Corkindale, the seedy frequenter of "The Crow." In the days of yore, men eyed the surtout--napless at the velvet collar, and preternaturally white at the seams--which Bob vouchsafed to wear with looks of dim suspicion, as if some faint reminiscence, similar to that which is said to recall the memory of a former state of existence, suggested to them a notion that the garment had once been their own.
Indeed, his whole appearance was then wonderfully second-hand. Now he had cast his slough. A most undeniable taglioni, with tr.i.m.m.i.n.gs just bordering upon frogs, gave dignity to his demeanour and twofold amplitude to his chest. The horn eye-gla.s.s was exchanged for one of purest gold, the dingy high-lows for well-waxed Wellingtons, the Paisley fogle for the fabric of the China loom. Moreover, he walked with a swagger, and affected in common conversation a peculiar dialect which he opined to be the purest English, but which no one--except a bagman--could be reasonably expected to understand. His pockets were invariably crammed with sharelists; and he quoted, if he did not comprehend, the money article from the "Times." This sort of a.s.sumption, though very ludicrous in itself, goes down wonderfully. Bob gradually became a sort of authority, and his opinions got quoted on "Change. He was no a.s.s, notwithstanding his peculiarities, and made good use of his opportunity.
For myself, I bore my new dignities with an air of modest meekness. A certain degree of starchness is indispensable for a railway director, if he means to go forward in his high calling and prosper; he must abandon all juvenile eccentricities, and aim at the appearance of a decided enemy to free trade in the article of Wild Oats. Accordingly, as the first step toward respectability, I eschewed coloured waistcoats and gave out that I was a marrying man. No man under forty, unless he is a positive idiot, will stand forth as a theoretical bachelor. It is all nonsense to say that there is anything unpleasant in being courted.
Attention, whether from male or female, tickles the vanity; and although I have a reasonable, and, I hope, not unwholesome regard for the gratification of my other appet.i.tes, I confess that this same vanity is by far the most poignant of the whole. I therefore surrendered myself freely to the soft allurements thrown in my way by such matronly denizens of Glasgow as were possessed of stock in the shape of marriageable daughters; and walked the more readily into their toils because every party, though nominally for the purposes of tea, wound up with a hot supper, and something hotter still by way of a.s.sisting the digestion.
I don"t know whether it was my determined conduct at the allocation, my territorial t.i.tle, or a most exaggerated idea of my circ.u.mstances, that worked upon the mind of Mr. Sawley. Possibly it was a combination of the three; but, sure enough few days had elapsed before I received a formal card of invitation to a tea and serous conversation. Now serious conversation is a sort of thing that I never shone in, possibly because my early studies were framed in a different direction; but as I really was unwilling to offend the respectable coffin-maker, and as I found that the Captain of M"Alcohol--a decided trump in his way--had also received a summons, I notified my acceptance.
M"Alcohol and I went together. The captain, an enormous brawny Celt, with superhuman whiskers and a shock of the fieriest hair, had figged himself out, _more majorum_, in the full Highland costume. I never saw Rob Roy on the stage look half so dignified or ferocious. He glittered from head to foot with dirk, pistol, and skean-dhu; and at least a hundredweight of cairngorms cast a prismatic glory around his person. I felt quite abashed beside him.
We were ushered into Mr. Sawley"s drawing-room. Round the walls, and at considerable distances from each other, were seated about a dozen characters, male and female, all of them dressed in sable, and wearing countenances of woe. Sawley advanced, and wrung me by the hand with so piteous an expression of visage that I could not help thinking some awful catastrophe had just befallen his family.
"You are welcome, Mr. Dunshunner--welcome to my humble tabernacle. Let me present you to Mrs. Sawley"--and a lady, who seemed to have bathed in the Yellow Sea, rose from her seat, and favoured me with a profound curtsey.
"My daughter--Miss Selina Sawley."
I felt in my brain the scorching glance of the two darkest eyes it ever was my fortune to behold, as the beauteous Selina looked up from the perusal of her handkerchief hem. It was a pity that the other features were not corresponding; for the nose was flat, and the mouth of such dimensions that a harlequin might have jumped down it with impunity; but the eyes _were_ splendid.
In obedience to a sign from the hostess, I sank into a chair beside Selina; and, not knowing exactly what to say, hazarded some observation about the weather.
"Yes, it is indeed a suggestive season. How deeply, Mr. Dunshunner, we ought to feel the pensive progress of autumn toward a soft and premature decay! I always think, about this time of the year, that nature is falling into a consumption!"
"To be sure, ma"am," said I, rather taken aback by this style of colloquy, "the trees are looking devilishly hectic."
"Ah, you have remarked that too! Strange! It was but yesterday that I was wandering through Kelvin Grove, and as the phantom breeze brought down the withered foliage from the spray, I thought how probable it was that they might ere long rustle over young and glowing hearts deposited prematurely in the tomb!"
This, which struck me as a very pa.s.sable imitation of d.i.c.kens"s pathetic writings, was a poser. In default of language, I looked Miss Sawley straight in the face, and attempted a subst.i.tute for a sigh. I was rewarded with a tender glance.
"Ah," said she, "I see you are a congenial spirit! How delightful, and yet how rare, it is to meet with any one who thinks in unison with yourself! Do you ever walk in the Necropolis, Mr. Dunshunner? It is my favourite haunt of a morning. There we can wean ourselves, as it were, from life, and beneath the melancholy yew and cypress, antic.i.p.ate the setting star. How often there have I seen the procession--the funeral of some very, _very_ little child--"
"Selina, my love," said Mrs. Sawley, "have the kindness to ring for the cookies."
I, as in duty bound, started up to save the fair enthusiast the trouble, and was not sorry to observe my seat immediately occupied by a very cadaverous gentleman, who was evidently jealous of the progress I was rapidly making. Sawley, with an air of great mystery, informed me that this was a Mr. Dalgleish of Raxmathrapple, the representative of an ancient Scottish family who claimed an important heritable office. The name, I thought, was familiar to me, but there was something in the appearance of Mr. Dalgleish which, notwithstanding the smiles of Miss Selina, rendered a rivalship in that quarter utterly out of the question.
I hate injustice, so let me do the honour in description to the Sawley banquet. The tea-urn most literally corresponded to its name. The table was decked out with divers platters, containing seed-cakes cut into rhomboids, almond biscuits, and ratafia-drops. Also on the sideboard there were two salvers, each of which contained a congregation of gla.s.ses, filled with port and sherry. The former fluid, as I afterward ascertained, was of the kind advertised as "curious," and proffered for sale at the reasonable rate of sixteen shillings per dozen. The banquet, on the whole, was rather peculiar than enticing; and, for the life of me, I could not divest myself of the idea that the self-same viands had figured, not long before, as funeral refreshments at a dirgie. No such suspicion seemed to cross the mind of M"Alcohol, who hitherto had remained uneasily surveying his nails in a corner, but at the first symptom of food started forward, and was in the act of making a clean sweep of the china, when Sawley proposed the singular preliminary of a hymn.
The hymn was accordingly sung. I am thankful to say it was such a one as I never heard before, or expect to hear again; and unless it was composed by the Reverend Saunders Peden in an hour of paroxysm on the moors, I cannot conjecture the author. After this original symphony, tea was discussed, and after tea, to my amazement, more hot brandy-and-water than I ever remember to have seen circulated at the most convivial party. Of course this effected a radical change in the spirits and conversation of the circle. It was again my lot to be placed by the side of the fascinating Selina, whose sentimentality gradually thawed away beneath the influence of sundry sips, which she accepted with a delicate reluctance. This time Dalgleish of Raxmathrapple had not the remotest chance. M"Alcohol got furious, sang Gaelic songs, and even delivered a sermon in genuine Erse, without incurring a rebuke; while, for my own part, I must needs confess that I waxed unnecessarily amorous, and the last thing I recollect was the pressure of Mr. Sawley"s hand at the door, as he denominated me his dear boy, and hoped I would soon come back and visit Mrs. Sawley and Selina. The recollection of these pa.s.sages next morning was the surest antidote to my return.
Three weeks had elapsed, and still the Glenmutchkin Railway shares were at a premium, though rather lower than when we sold. Our engineer, Watty Solder, returned from his first survey of the line, along with an a.s.sistant who really appeared to have some remote glimmerings of the science and practice of mensuration. It seemed, from a verbal report, that the line was actually practicable; and the survey would have been completed in a very short time, "if," according to the account of Solder, "there had been ae hoos in the glen. But ever sin" the distillery stoppit--and that was twa year last Martinmas--there wasna a hole whaur a Christian could lay his head, muckle less get white sugar to his toddy, forby the change-house at the clachan; and the auld lucky that keepit it was sair forfochten wi" the palsy, and maist in the dead-thraws. There was naebody else living within twal" miles o" the line, barring a taxman, a lamiter, and a bauldie."
We had some difficulty in preventing Mr. Solder from making this report open and patent to the public, which premature disclosure might have interfered materially with the preparation of our traffic tables, not to mention the marketable value of the shares. We therefore kept him steadily at work out of Glasgow, upon a very liberal allowance, to which, apparently, he did not object.
"Dunshunner," said M"Corkindale to me one day, "I suspect that there is something going on about our railway more than we are aware of. Have you observed that the shares are preternaturally high just now?"
"So much the better. Let"s sell."
"I did so this morning, both yours and mine, at two pounds ten shillings premium."
"The deuce you did! Then we"re out of the whole concern."
"Not quite. If my suspicions are correct, there"s a good deal more money yet to be got from the speculation. Somebody had been bulling the stock without orders; and, as they can have no information which we are not perfectly up to, depend upon it, it is done for a purpose. I suspect Sawley and his friends. They have never been quite happy since the allocation; and I caught him yesterday pumping our broker in the back shop. We"ll see in a day or two. If they are beginning a bearing operation, I know how to catch them."
And, in effect, the bearing operation commenced. Next day, heavy sales were effected for delivery in three weeks; and the stock, as if water-logged, began to sink. The same thing continued for the following two days, until the premium became nearly nominal. In the meantime, Bob and I, in conjunction with two leading capitalists whom we let into the secret, bought up steadily every share that was offered; and at the end of a fortnight we found that we had purchased rather more than double the amount of the whole original stock. Sawley and his disciples, who, as M"Corkindale suspected, were at the bottom of the whole transaction, having beared to their hearts" content, now came into the market to purchase, in order to redeem their engagements.
I have no means of knowing in what frame of mind Mr. Sawley spent the Sunday, or whether he had recourse for mental consolation to Peden; but on Monday morning he presented himself at my door in full funeral costume, with about a quarter of a mile of c.r.a.pe swathed round his hat, black gloves, and a countenance infinitely more doleful than if he had been attending the interment of his beloved wife.
"Walk in, Mr. Sawley," said I, cheerfully. "What a long time it is since I have had the pleasure of seeing you--too long indeed for brother directors! How are Mrs. Sawley and Miss Selina? Won"t you take a cup of coffee?"
"Gra.s.s, sir, gra.s.s!" said Mr. Sawley, with a sigh like the groan of a furnace-bellows. "We are all flowers of the oven--weak, erring creatures, every one of us. Ah, Mr. Dunshunner, you have been a great stranger at Lykewake Terrace!"
"Take a m.u.f.fin, Mr. Sawley. Anything new in the railway world?"
"Ah, my dear sir,--my good Mr. Augustus Reginald,--I wanted to have some serious conversation with you on that very point. I am afraid there is something far wrong indeed in the present state of our stock."
"Why, to be sure it is high; but that, you know, is a token of the public confidence in the line. After all, the rise is nothing compared to that of several English railways; and individually, I suppose, neither of us has any reason to complain."
"I don"t like it," said Sawley, watching me over the margin of his coffee-cup; "I don"t like it. It savours too much of gambling for a man of my habits. Selina, who is a sensible girl, has serious qualms on the subject."
"Then why not get out of it? I have no objection to run the risk, and if you like to transact with me, I will pay you ready money for every share you have at the present market price."
Sawley writhed uneasily in his chair.
"Will you sell me five hundred, Mr. Sawley? Say the word and it is a bargain."
"A time-bargain?" quavered the coffin-maker.
"No. Money down, and scrip handed over."
"I--I can"t. The fact is, my dear young friend, I have sold all my stock already!"
"Then permit me to ask, Mr. Sawley, what possible objection you can have to the present aspect of affairs? You do not surely suppose that we are going to issue new shares and bring down the market, simply because you have realised at a handsome premium?"
"A handsome premium! O Lord!" moaned Sawley.
"Why, what did you get for them?"
"Four, three, and two and a half."
"A very considerable profit indeed," said I; "and you ought to be abundantly thankful. We shall talk this matter over at another time, Mr.
Sawley, but just now I must beg you to excuse me. I have a particular engagement this morning with my broker--rather a heavy transaction to settle--and so--"
"It"s no use beating about the bush any longer," said Mr. Sawley, in an excited tone, at the same time dashing down his c.r.a.pe-covered castor on the floor. "Did you ever see a ruined man with a large family? Look at me, Mr. Dunshunner--I"m one, and you"ve done it!"