Inside of the Cup, the — Volume 03 by Winston Churchill
page 50 of 86 (58%)
page 50 of 86 (58%)
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this, and we'll have to get out of here in another week. God knows where
we'll go then." Hodder shuddered. "Then I found out how he done it--from a lawyer. The lawyer laughed at me, too. Say, do you wonder I ain't got much use for your church people? Parr got a corporation lawyer named Langmaid--he's another one of your millionnaire crooks--to fix it up and get around the law and keep him out of jail. And then they had to settle with Tim Beatty for something like three hundred thousand. You know who Beatty is--he owns this city--his saloon's around here on Elm Street. All the crooks had to be squared. Say," he demanded aggressively, "are Parr and Langmaid any better than Beatty, or any of the hold-up men Beatty covers? There's a street-walker over there in those flats that's got a million times more chance to get to heaven--if there is any--than those financiers, as they call 'emselves --I ain't much on high finance, but I've got some respect for a second story man now--he takes some risks! I'll tell you what they did, they bought up the short car lines that didn't pay and sold 'em to themselves for fifty times as much as they were worth; and they got controlling interests in the big lines and leased 'em to themselves with dividends guaranteed as high as eighteen per cent. They capitalized the Consolidated for more millions than a little man like me can think of, and we handed 'em our money because we thought they were honest. We thought the men who listed the stock on the Exchange were honest. And when the crash came, they'd got away with the swag, like any common housebreakers. There were dummy directors, and a dummy president. Eldon Parr didn't have a share--sold out everything when she went over two hundred, but you bet he kept his stock in the leased lines, which guarantee more than they earn. He cleaned up five million, they say.... |
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