"No, I cannot quite see that," he said at last; "the actual t.i.tle is in the city. It owns its property. You gentlemen do not claim to own it, as individuals. You have delegated to you the power to pa.s.s t.i.tle, just as the sheriff and one or two others have that power; but you have not the _sole_ power."
"We have advice that t.i.tle conveyed under this judgment will be invalid."
"That is a matter for the courts to settle."
"The courts----" began Hooper explosively, but Geary overrode him.
"If all the creditors of the city were to adopt the course pursued by Doctor Jones, the city would soon be bankrupt of resources."
"That is true," agreed Keith.
"Then cannot I appeal to your sense of civic patriotism?"
"Gentlemen," replied Keith, "you seem to forget that in this matter I am not acting for myself, but for a client. If it were my affair, I might feel inclined to discuss the matter with you more in detail. But I am only an agent."
"But----" interrupted Hooper again.
"That is quite true," interjected James King of William.
"Well, we shall see your client," went on Geary, "But I might state that on the side of his own best interests he would do well to go slow.
There is at least a considerable doubt as to the legality of this sale.
It is unlikely that people will care to bid."
After some further polite conversation they took their leave. Keith quickly discovered that the opinion held by the commissioners was shared by most of his friends. They acknowledged the brilliance of his legal victory, admired it heartily, and congratulated him; but they considered that victory barren.
"n.o.body will buy; you won"t get two bits a lot bid," they all told him.
Little Doctor Jones came to him much depressed. The commissioners had talked with him.
"Do you want my advice?" asked Keith, "Then do this: stick to your guns."
But little Jones was scared.
"I want my money," said he; "perhaps I"d better take those bonds after all."
"Look here," suddenly said Keith, who had been making up his mind.
"I"ll guarantee you the full amount in cash, within, say, two weeks, but only on this condition: that you go out now, and spread it about everywhere that you are going to stand pat. Tell "em all you are going to push through this sale."
"How do I know----"
"Take a chance," interrupted Keith. "If at the end of two weeks I don"t pay you cash, you can do what you please. Call off the sheriff"s sale at the last minute; I"ll pay the costs myself. Come, that"s fair enough. You can"t lose a cent."
"All right," agreed Jones after a minute.
"Remember: it"s part of the bargain that you state everywhere that you"re going to force this sale, and that you don"t let anybody bluff you."
The affair made quite a little stir. Men like Sam Brannan, d.i.c.k Blatchford, the contractor, and Jim Polk discussed Keith and his ability.
"Got a pretty wife, too," added Brannan. "--never heard of the fall of man."
"Well, she"s going to, if the Morrell woman has her way," observed Ben Sansome dryly.
Polk stretched his long legs, and smiled his desiccated little smile.
"He"s a pretty enterprising youngster--more ways than one," said he.
XX
On the evening of the third day after his latest interview with Doctor Jones, Keith threw down his paper with a cry of triumph. He had been scanning the columns of every issue with minute care, combing even the fine print for the auctioneer"s advertis.e.m.e.nts. Here was what he wanted: top of column, third page, where every one would be sure to see it. The commissioners issued a signed statement, calling public attention to the details of their appointment, and warning that t.i.tles issued under sheriff"s sale would be considered invalid.
Keith read this with great attention, then drew his personal check against Palmer, Cook & Co. for eleven thousand dollars in favour of Doctor Jones. After some search he unearthed the little man in a downtown rookery, and from him obtained an a.s.signment of his judgment against the city. Doctor Jones lost no time spreading the news, with the additional statement that he considered himself well out of the mess. He proceeded to order himself a long-coveted microscope, and was thenceforth lost to sight among low-tide rocks and marine algae. The sheriff"s sale came off at the advertised date. There were no bidders; the commissioners" warning had had its effect. Keith himself bought in the lots for $5,000. This check about exhausted his resources. This, less costs, was, of course, paid back to himself as holder of the judgment. He had t.i.tle, such as it was, for about what he had given Jones.
The bargain amused Keith"s acquaintance hugely. Whenever he appeared he was deluged with chaff, all of which he took, good naturedly. He was considered, in a moment of aberration, to have bought an exceedingly doubtful equity. Some thought, he must have a great deal of money, arguing that only the owner of a fat bank account could afford to take such fliers; others considered that he must have very little sense.
Keith was apparently unperturbed. He at once began to look about him, considering the next step in his scheme. Since this investment had taken nearly every cent he had left, it was inc.u.mbent to raise more money at once.
He called on John Sherwood at the Empire. The gambler listened to him attentively.
"I can"t go into it," he said, when Keith had finished. A slight smile sketched itself on his strong, impa.s.sive face. "Not that I do not believe it will work; I think it will. But I have long made it a rule never to try to make money outside my own business--which is gambling.
I never adopt ordinary honest methods."
Keith"s honest but legally trained mind failed to notice the quiet sarcasm of this. "Well, you know everybody in town. Where can I go?"
Sherwood thought a moment.
"I"ll take you to Malcolm Neil," he said at last. It was Keith"s turn to look thoughtful.
"All right," he said at last. "But not just right away. Give me a couple of days to get ready."
At the appointed time Sherwood escorted Keith to Malcolm Neil"s office, introduced and left him. Keith took the proffered wooden chair, examining his man with the keenest attention.
Malcolm Neil, spite of his Scotch name, was a New Englander by birth.
He had come out in "49, intending, like everybody else, to go to the mines, but had never gone farther than San Francisco. The new city offered ample scope for his talents, and he speedily became, not only rich, but a dominating personality among financial circles. He accomplished this by supplementing his natural ability with absolute singleness of purpose. It was known that his sole idea was the making of money. He was reputed to be hard, devoid of sentiment, unscrupulous.
Naturally he enjoyed no popularity, but a vast respect. More people had heard of him, or felt his power, than had seen him; for he went little abroad, and preferred to work through agents. John Sherwood"s service in obtaining for Keith a personal interview was a very real one. Neil"s offices were small, dingy, and ill lighted, at the back of one of the older and cheaper buildings. In the outer of the two were three bookkeepers; the other contained only a desk, two chairs, and an engraving of Daniel Webster addressing the Senate.
The man himself sat humped over slightly, his head thrust a little forward as though on the point of launching a truculent challenge. He was lean, gray, with bushy, overhanging brows, eyes with glinting metallic surfaces, had long sinewy hands, and a carved granite and inscrutable face, His few words of greeting revealed his voice as harsh, grating and domineering.
Keith, reading his man, wasted no time in preliminaries.
"Mr. Neil," he said, "I have a scheme by which a great deal of money can be made."
Neil grunted. If it had not been for the fact that John Sherwood had introduced the maker of that speech, the interview would have here terminated. Malcolm Neil deeply distrusted men with schemes to make large sums of money. After a time, as Keith still waited, he growled;
"What is it?"