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Mr. Arneel paused and looked around. A slight buzz of conversation sprang up, mostly bitter and destructive criticism of Cowperwood.

“It would be only just if he could be made to pay for this,” commented Mr. Blackman to Mr. Sledd. “He has been allowed to play fast and loose long enough. It is time some one called a halt on him.”

“Well, it looks to me as though it would be done tonight,” Mr. Sledd returned.

Meanwhile Mr. Schryhart was again rising to his feet. “I think,” he was saying, “if there is no objection on any one’s part, Mr. Arneel, as chairman, might call for a formal expression of opinion from the different gentlemen present which will be on record as the sense of this meeting.”

At this point Mr. Kingsland, a tall, whiskered gentleman, arose to inquire exactly how it came that Cowperwood had secured these stocks, and whether those present were absolutely sure that the stock has been coming from him or from his friends. “I would not like to think we were doing any man an injustice,” he concluded.

In reply to this Mr. Schryhart called in Mr. Stackpole to corroborate him. Some of the stocks had been positively identified. Stackpole related the full story, which somehow seemed to electrify the company, so intense was the feeling against Cowperwood.

“It is amazing that men should be permitted to do things like this and still hold up their heads in the business world,” said one, Mr. Vasto, president of the Third National, to his neighbor.

“I should think there would be no difficulty in securing united action in a case of this kind,” said Mr. Lawrence, president of the Prairie National, who was very much beholden to Hand for past and present favors.

“Here is a case,” put in Schryhart, who was merely waiting for an opportunity to explain further, “in which an unexpected political situation develops an unexpected crisis, and this man uses it for his personal aggrandizement and to the detriment of every other person. The welfare of the city is nothing to him. The stability of the very banks he borrows from is nothing. He is a pariah, and if this opportunity to show him what we think of him and his methods is not used we will be doing less than our duty to the city and to one another.”

“Gentlemen,” said Mr. Arneel, finally, after Cowperwood’s different loans had been carefully tabulated, “don’t you think it would be wise to send for Mr. Cowperwood and state to him directly the decision we have reached and the reasons for it? I presume all of us would agree that he should be notified.”

“I think he should be notified,” said Mr. Merrill, who saw behind this smooth talk the iron club that was being brandished.

Both Hand and Schryhart looked at each other and Arneel while they politely waited for some one else to make a suggestion. When no one ventured, Hand, who was hoping this would prove a ripping blow to Cowperwood, remarked, viciously:

“He might as well be told—if we can reach him. It’s sufficient notice, in my judgment. He might as well understand that this is the united action of the leading financial forces of the city.”

“Quite so,” added Mr. Schryhart. “It is time he understood, I think, what the moneyed men of this community think of him and his crooked ways.”

A murmur of approval ran around the room.

“Very well,” said Mr. Arneel. “Anson, you know him better than some of the rest of us. Perhaps you had better see if you can get him on the telephone and ask him to call. Tell him that we are here in executive session.”

“I think he might take it more seriously if you spoke to him, Timothy,” replied Merrill.

Arneel, being always a man of action, arose and left the room, seeking a telephone which was located in a small workroom or office den on the same floor, where he could talk without fear of being overheard.

Sitting in his library on this particular evening, and studying the details of half a dozen art-catalogues which had accumulated during the week, Cowperwood was decidedly conscious of the probable collapse of American Match on the morrow. Through his brokers and agents he was well aware that a conference was on at this hour at the house of Arneel. More than once during the day he had seen bankers and brokers who were anxious about possible shrinkage in connection with various hypothecated securities, and to-night his valet had called him to the ’phone half a dozen times to talk with Addison, with Kaffrath, with a broker by the name of Prosser who had succeeded Laughlin in active control of his private speculations, and also, be it said, with several of the banks whose presidents were at this particular conference. If Cowperwood was hated, mistrusted, or feared by the overlords of these institutions, such was by no means the case with the underlings, some of whom, through being merely civil, were hopeful of securing material benefits from him at some future time. With a feeling of amused satisfaction he was meditating upon how heavily and neatly he had countered on his enemies. Whereas they were speculating as to how to offset their heavy losses on the morrow, he was congratulating himself on corresponding gains. When all his deals should be closed up he would clear within the neighborhood of a million dollars. He did not feel that he had worked Messrs. Hull and Stackpole any great injustice. They were at their wit’s end. If he had not seized this opportunity to undercut them Schryhart or Arneel would have done so, anyhow.

Mingled with thoughts of a forthcoming financial triumph were others of Berenice Fleming. There are such things as figments of the brain, even in the heads of colossi. He thought of Berenice early and late; he even dreamed of her. He laughed at himself at times for thus being taken in the toils of a mere girl—the strands of her ruddy hair—but working in Chicago these days he was always conscious of her, of what she was doing, of where she was going in the East, of how happy he would be if they were only together, happily mated.

It had so happened, unfortunately, that in the course of this summer’s stay at Narragansett Berenice, among other diversions, had assumed a certain interest in one Lieutenant Lawrence Braxmar, U.S.N., whom she found loitering there, and who was then connected with the naval station at Portsmouth, New Hampshire. Cowperwood, coming East at this time for a few days’ stay in order to catch another glimpse of his ideal, had been keenly disturbed by the sight of Braxmar and by what his presence might signify. Up to this time he had not given much thought to younger men in connection with her. Engrossed in her personality, he could think of nothing as being able to stand long between him and the fulfilment of his dreams. Berenice must be his. That radiant spirit, enwrapt in so fair an outward seeming, must come to see and rejoice in him. Yet she was so young and airy in her mood that he sometimes wondered. How was he to draw near? What say exactly? What do? Berenice was in no way hypnotized by either his wealth or fame. She was accustomed (she little knew to what extent by his courtesy) to a world more resplendent in its social security than his own. Surveying Braxmar keenly upon their first meeting, Cowperwood had liked his face and intelligence, had judged him to be able, but had wondered instantly how he could get rid of him. Viewing Berenice and the Lieutenant as they strolled off together along a summery seaside veranda, he had been for once lonely, and had sighed. These uncertain phases of affection could become very trying at times. He wished he were young again, single.