The Short Line War | Page 5

easy. The letters he was working over were with one exception addressed to the Hon. James Weeks, Washington Building, Chicago. The exception was a pale blue note addressed to Mr. Harvey West, and the young man had put that at the bottom of the pile and was working down to it.
The elder man spoke. "West," he said, "Fox has just telephoned me that he's found out who's been buying M. & T. stock. It's Frederick McNally; he's in the Dartmouth Building. He isn't doing it on his own hook, but I don't know who he is doing it for. Somebody wants that stock mighty bad. There isn't a great deal of it lying around, though."
"Do you think that Thompson--" began the secretary.
"Thompson would be glad to see me out and himself in," said Jim Weeks, "and he leads Wing and Powers around by the nose, but he can't swing enough stock to hurt anything at next election. I don't believe it's he that's buying. Thompson hasn't got sand enough for that. He'll never fight."
There was a moment's pause. Jim walked over to the ticker and looked back along the ribbon of paper. "It's quoted at 68-1/2 this morning," he said, "but no sales to amount to anything."
"You might go over and talk to Wing," he went on. "You can find out anything he knows if you go at it right. I don't believe there's anything there. However, I'd like to know just what they are doing. You'd better do it now. Send Pease in when you go out, will you?"
Harvey slipped the blue envelope from the bottom of the pile of letters, called the stenographer, and started out. He read the note while he was waiting for the elevator.
The M. & T. is a local single-track road, about two hundred miles long, running between the cities of Manchester and Truesdale. The former is on the main line of the Northern, and the latter on the C. & S.C., both of which are trunk lines from Chicago to the West. The M. & T. was not a money-making affair; it had cost a lot of money, its stock was away down, and it trembled on the brink of insolvency until Jim Weeks took hold of it. He put money into it, straightened out its tangled affairs, and incidentally made some enemies in the board of directors. There were coal mines on the line near Sawyerville, which were operated in a desultory way, but they never amounted to much until some more of Jim Weeks's money went into them, and then they began to pay. This made the M. & T. important, especially to the C. & S.C. people, who immediately tried to make arrangements with Jim for the absorption of the M. & T. by their line. C. & S.C. had a bad name. There were many shady operations associated with its management, and Jim decided to have as little to do with it as possible, so the attempt apparently was abandoned.
The stock of the M. & T. was held largely by men who lived along the line of the road. Tillman City and St. Johns each held large blocks; they had got a special act of legislature to allow them to subscribe for it. These stockholders had great confidence in Jim, for under his management their investment was beginning to pay, and they, he felt sure, approved of his action in the C. & S.C. matter.
Everything was going well with the road, and the stock was climbing slowly but steadily. It was not liable to any great fluctuation, for most of its holders regarded it as a permanent investment and it did not change hands to any great extent. Comparatively little of it got into the hands of speculators.
But suddenly it began to jump. It was evident to every one who watched it that some important deal was afoot. Jim Weeks was as much in the dark as any one. He had watched its violent fluctuations for a week while he vainly sought to ferret out the motive that was causing them. And on this particular morning, though he sent his secretary, Harvey West, to talk to Wing, he had little idea that the young fellow would get hold of a clew.
When the elevator stopped at the main floor, Harvey thrust the half-read note back into his pocket. "No time for that sort of thing this morning," he thought. "I wonder how soon I'll be able to run down to see her." A moment later he was walking rapidly toward the Dartmouth.
The men he saw and nodded to glanced round at him enviously. "Case of luck," growled somebody. That was true. Harvey was lucky; lucky first and foremost in that Ethel Harvey was his mother. He got his mental agility