The Atlantic Monthly, Volume 03, No. 15, January, 1859

"You see what I told you. You are cross. You like anything better (a sob) than your poor (another) neglected wife."

The sobs now thickened into a cry, and, with streaming eyes, she picked up the puny child and declared she was going to bed. To this proposal the moody man emphatically assented. But as Mrs. Fletcher passed near her husband, the child reached out its slender arms and caught hold of him by his cravat, screaming, "Papa! papa! I stay, papa!"

"Let go!" roughly exclaimed the amiable father. But she held the tighter, and shouted, "Papa! my papa!"

What sudden freak overcame his anger probably not even Fletcher himself could tell. But, turning towards his wife, who was supporting the child, whose little fingers still held him fast, his face cleared instantly, and, with a sudden movement, he drew the surprised and delighted woman down upon his knee, and loaded her with every form of childish endearment. Her tears and sorrows vanished together, like the dew.

"Little duck," said he, "if I were alone, I shouldn't care for any more money. I know I can always take care of myself. But for your sake I want to be independent,—rich, if you please. I want to be free. I want to meet that wily, smooth, plausible, damned, respectable villain face to face, and with as much money as he."

His eyes danced with a furious light and motion, and the fringy moustache trembled over his thin and sensitive mouth. But in a moment he repented the outbreak; for his wife's face blanched then, and the tears leaped from her eyes.

"Oh, John," she exclaimed, "what is this awful secret? I know that something is killing you. You mutter in sleep; you are sullen at times; and then you break out in this dreadful way."

Fletcher meditated. "I can't tell her; 'twould kill her, and not do any good either. No, one good streak of luck will set me up where I can defy him. I'll grin and bear it."

"What is it, John? Tell your poor little wife!"

"Oh, nothing, my dear. I do some business for Sandford, who is apt to be domineering,—that's all. To-day he provoked me, and when I am mad it does me good to swear; it's as natural as lightning out of a black cloud."

"It may do you good to swear, John; but it makes the cold chills run over me. Why do you have anything to do with anybody that treats you so? You are so changed from what you were! Oh, John, something is wrong, I know. Your face looks sharp and inquiring. You are thin and uneasy. There's a wrinkle in your cheek, that used to be as smooth as a girl's."

She patted his face softly, as it rested on her shoulder; but he made no reply save by an absent, half-audible whistle.

"You don't answer me, John, dear!"

"I've nothing especial to say, doxy,—only that I will wind up with

Sandford as soon as we finish the business in hand."

"The business in hand? Has he anything to do with Foggarty, Danforth, and Dot?"

Fletcher was not skilful under cross-examination. So he simply answered, "No," and then stopping her mouth with kisses, promised to explain the matter another day.

"Well, John, I am tired; I think I'll take baby and go to bed. Don't sit up and get blue over your troubles!"

As she left the room, Fletcher drew a long breath. What an accent of despair was borne on that sigh! His busy brain was active in laying plans which his vacillating will could never execute without help. Often before, he had determined to confront Sandford and defy him; but as often he had quailed before that self-possessed and imperious man. What hope was there, then, for this timid, crouching man, as long as the hand of his haughty master was outstretched in command? None!

CHAPTER IX.

STATE STREET

The stringency of the money-market began to frighten even Mr. Sandford who had been predicting a panic. There had been but few failures, and those were generally of houses that ought to fail, being insolvent from losses or mismanagement. Mr. Sandford studied over his sheet of bills payable and receivable almost hourly. The amount intrusted to him by Monroe had been loaned out; for which he was now very sorry, as the rate of interest had nearly doubled since he made the last agreement. This, however, was but a small item in his accounts; other transactions of greater magnitude occupied his attention. As he looked over the array of promisors and indorsers, he said to himself, "I am safe. If these men fail, it will be because the universal bottom has dropped out and chaos come again. If anybody is shaky, it is Stearine. He believes, though, that Bullion will help him through, and extend that note. Perhaps he will. Perhaps, again, he will have enough to do to keep on his own legs. He fancies himself strong because he owns the most of the Neversink Mills. But he doesn't know what I know, that Kerbstone, the treasurer of the Mills, is in the street every day, looking like a gambler when his last dollar is on the table. A few more turns of the screw and down goes Kerbstone. Who knows that the Mills won't tumble, too, and Bullion after them? He may go hang; but we must look after Stearine, and prop him, unnecessary. That twenty thousand is more than we can afford to lose just now. Lucky, there he comes!"

Mr. Stearine entered, not with his usual smile, but with an expression like that of a man trying to be jolly with the toothache. A short, but dexterous cross-examination showed to Sandford, that, if the twenty-thousand-dollar note could be extended over to better times, Stearine was safe. But the note was soon due, and Bullion might be unable or unwilling to renew; in which case, the Vortex would have to meet it. That was a contingency to be provided against; for Mr. Sandford did not intend that the public should know that the credit of the Company had been used for private purposes by its officers. He therefore called in Mr. Fayerweather, the President, and the affair was talked over and settled between them.

"One thing more," said Sandford. "Suppose any one should get wind of this, and grow suspicious;—Bullion himself might be foolish enough to let the cat out of the bag;—we might find the shares of the Vortex in the market, and the bears running them down to an uncomfortable figure."

"True enough. We must stop that."

"The only way is to keep a sharp lookout, and if any of the stock is offered, to buy it up. Half a dozen of us can take all that will be likely to come into market."

"How many shares do you own, Sandford?" asked Mr. Fayerweather, with a quizzical look. "Is this a nice little scheme of yours to run them off at par? It's a shrewd dodge."

"You do me wrong," said Sandford, with a look of wounded innocence. "I merely want to sustain the credit of the Company."

"Oh, no doubt!" said the President. "Well, we will agree, then, not to let the shares fall below ninety, say. It would be suspicious, I think, to hold them higher than that, when money is two and a half per cent. a month."

"Very well. You will see to this? Be careful what men you speak to."

Mr. Sandford, being left alone, bethought him of Monroe. He did not wish to give him a statement of affairs; he had put him off once, and must find some way to satisfy him. How was it to be done? The financier meditated. "I have it," said he; "I'll send him a quarter's interest in advance. That's as much as I can spare in these times, when interest grows like those miraculous pumpkin-vines out West." He drew a check for two hundred dollars, and dispatched it to Monroe by letter.

So Mr. Sandford had all things snug. The Vortex was going on under close-reefed topsails. If the notes he held were paid as they matured, he would have money for new operations; if not, he had arranged that the debtors should be piloted over the bar and anchored in safely till the storm should blow over. Everything was secured, as far as human foresight could anticipate.

Mr. Sandford had now but little use for Fletcher's services, except to look after his debtors,—to know who was "shinning" in the street, or "kite-flying" with accommodation-paper. Still he did not admit the agent into his confidence. But this active and scheming mind was not long without employment. Mr. Bullion had seen him in frequent communication with Sandford, and thereby formed a high opinion of his shrewdness and tact; for he knew that Sandford was very wary in selecting his associates. He sought Fletcher.

"Young man," said Bullion, pointing his wisp of an eyebrow at him, "do you want a job? Few words and keep mum. Yes or no?"

"Yes," said Fletcher, decidedly.

"I like your pluck," said Bullion.

"It doesn't take much pluck to follow Mr. Bullion's lead."

"None of your nonsense. How do you know anything about me, or what I am going to do? I may fail to-morrow,—God forbid!—but when the wind comes, it's the tall trees that are knocked over."

Fletcher thought the comparison rather ludicrous for a man standing on such remarkably short pegs, but he said nothing.

"I mean to sell a few shares of stock, and I want you to do the business. I am not to be known in it."

Fletcher bowed, and asked what the stocks were.

"No matter; any you can sell to advantage. I haven't a share, but I needn't tell you that doesn't make any difference."

"Let me understand you clearly," said Fletcher.

"Sell under. For instance, take a stock that sells to-day at ninety-four; offer to deliver it five days hence at ninety. To-morrow offer it a peg lower, and so on, till the market is easier. When the first contract is up, we shall get the stock at eighty-eight, or less, perhaps,—deliver to the buyers, and pocket the difference."

"But it may not fall."

"It's bound to fall. People that hold stock must sell to pay their notes. Every day brings a fresh lot of shares to the hammer."

"But the bulls may corner you; they will try mightily to keep prices up."

"But they can't corner, I tell you; there are too many of them in distress. Besides, we'll spread; we won't put all our eggs into one basket. If I stuck to 'bearing' one stock, the holders might get all the shares and break me by keeping them so that I couldn't comply with my contracts. I shan't do it. I'll pitch into the 'fancies' mainly; they are held by speculators, who must be short, and they'll come down with a run."

"How deep shall I go in?"

"Fifty thousand, to begin with. However, there won't be many transfers actually made; the bulls will merely pay the differences."