Empire Builders by Francis Lynde
page 51 of 336 (15%)
page 51 of 336 (15%)
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When he sat down he felt that his cause was lost. There was no
enthusiasm, no approval, in the faces of his auditors. After a short and informal discussion, in which the engineer was called on to explain his plans and estimates in detail to one and another of the members, Magnus, the bank president, sufficiently summed up the sense of the meeting when he said: "There is no question about the ingenuity of your plan, Mr. Ford. You must have given a great deal of time and thought to it. But it is rather too large for us, I'm afraid, and there are too many contingencies. Your province, I understand, is the building and operating of railroads, and it is nothing to your discredit that you are unfamiliar with the difficulties of financing an undertaking as vast as this proposal of yours." "I don't deny the difficulties," said Ford. "But they wouldn't seem to be insuperable." "Not from your point of view," rejoined the banker suavely. "But you will admit that they are very considerable. The opposition on the part of the competing systems would be something tremendous. No stone would be left unturned in the effort to dismount us. To go no further into the matter than the proposed purchase of the majority stocks in the three short roads: at the first signal in that field you would find those stocks flying skyward in ten-point advances, and your five millions wouldn't be a drop in the bucket. In view of the difficulties, I think I voice the conviction of the board when I say that the plan is too hazardous." The nods of assent were too numerous to leave Ford any hope of turning |
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