War-time Silhouettes | Page 4

Sir Matthew is very far from satisfied with his position.
Sir Matthew is wily, but he is not able, and he is exceedingly ignorant; this ignorance even extends to matters in which he is directly and personally interested. In most men this defect would have proved an insuperable obstacle to success, but it has not been so with Sir Matthew because he is aware of his own shortcomings, and when he can't do a thing himself he is exceedingly good at getting some one to do it for him.
Nobody knows anything about his origin, but he began to make his living at an early age, and while still in the twenties he was doing well as a bookmaker.
Reggy Dumbarton owed him a good deal more money than he could ever have paid, so, on reflection, Bale turned his back on bookmaking and started finance with large plate-glass windows in Threadneedle Street, and Lord Reginald Dumbarton as junior (very junior) partner.
The Dumbarton connection made the new office a rendezvous for young bloods whose profession in life it is to induce their friends to cultivate a taste for speculative investment. The growth of the business demanding a wider financial knowledge than Bale's bookmaking experience could supply, his discriminating eye discovered a promising additional partner in the person of Maurice Blum, who had survived two startling bankruptcies and an action against him for fraud. Bale, Dumbarton, and Blum now did so thriving a business that Bale started an elegantly appointed flat in Mayfair, drove a phaeton and pair (it was before the days of motors), and was much about town with gentlemen of family to whom his partnership with Dumbarton afforded a useful and easy introduction. An indication that at this time he was among the minor celebrities may be found in the fact that a flattering caricature of him appeared in Vanity Fair.
When his engagement was announced to Dumbarton's cousin, Lady Ermyntrude Stanley-Dalrymple, elder daughter of Lord Belfast, a social personage and a power in the inner councils of the Conservative Party, it was suggested that there might be some connection between this rather unexpected event and Lord Belfast's heavy losses on the Stock Exchange and subsequent directorships and holdings of shares in his future son-in-law's companies. Whether this supposition was well founded or not, it can be said with certainty that Bale had secured at one stroke a footing in society and in politics, for shortly after his marriage to Lady Ermyntrude his father-in-law found him a safe seat in Parliament.
Meanwhile Mr. Maurice Blum, who in the absence of his chief partner had been looking after himself as well as the business, presented an ultimatum. If Mr. Bale wanted to be a politician, Blum had no objection, but that meant, at all events at first, spending money instead of making it, and under the circumstances the terms of the partnership must be modified.
This was the nastiest blow Bale had yet received. He had regarded Blum as his creature, and his resentment at what he considered his partner's treachery was deep. But his prudence and astuteness did not fail him; he knew Blum's value, and he was aware that even if he were himself able to spare the time from his political activities, his knowledge was not sufficient to enable him to manage the growing business of the firm.
In Bale's view wealth is a necessary accompaniment of distinction. He longed to be aristocratically indifferent to money, and it humiliated him that not only was he not rich, but that to keep up the style of living his position demanded involved no inconsiderable strain. And, as a matter of fact, his financial position was precarious and depended entirely upon the fluctuating and speculative income he derived from the business of Blum & Co. Obviously, therefore, Mr. Maurice Blum was not a person with whom Bale could afford to quarrel. Wherefore he mastered his resentment and accepted the change of the name of the firm to Blum & Co., and the incidental reduction of his income that change implied with a smile on his face in spite of the bitterness in his heart.
To a man less adroit than he, the change in the partnership might well have constituted a serious check in his upward career, but once more Bale's native resourcefulness asserted itself. This crisis in his private affairs took place when the country was torn by dissensions over Tariff Reform. He had early learnt to fish in troubled waters, and the political upheaval gave him his opportunity; he promptly crossed the floor of the House and obtained, without paying for it, a baronetcy as his reward.
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Sir Matthew Bale is tall and slender; his head is well placed on his shoulders, he has clear-cut features, a firm mouth with excellent teeth,